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Effective Business Date: 01 December 2008
Savings
Consumer Loans
Mortgage Loans
| Dividend Rates Declared For: December 2008 | | | Rate | APY* | | Savings | 1.00 | 1.00 | | Checking | 0.25 | 0.25 | | IRA | 1.00 | 1.00 | | Clubs | 1.00 | 1.00 |
*APY Annual Percentage Yield
Note: All rates are subject to change without notice.
Note: The Board of Directors has declared a
1.00% Bonus Dividend and a 1.00% Interest Refund for 2007.
| Money Market Accounts: | | | Rate | APY* | | $2,500 - $24,999 | 1.34 | 1.35 | | $25,000 - $49,999 | 1.59 | 1.60 | | $50,000 + | 1.88 | 1.90 | *APY Annual Percentage Yield
Note: All rates are subject to change without notice.
Money Market Account Minimum Balance: $2500.00 |
| Share Certificate Rates | | Term | Rate | APY | | 3 Month | 1.98 | 2.00 | | 6 Month | 2.23 | 2.25 | | 9 Month | 2.23 | 2.25 | | 12 Month | 3.20 | 3.25 | | 18 Month | 3.44 | 3.50 | | 24 Month | 3.68 | 3.75 | | 30 Month | 3.92 | 4.00 | | 36 Month | 4.16 | 4.25 | | 42 Month | 3.44 | 3.50 | | 60 Month | 3.68 | 3.75 | Minimum Balance: $500 | | Share certificate dividends are compounded daily and credited monthly. Early withdrawal penalties apply. Go to Schedule of Fees & Service Charges for further details |
| Consumer Loan Rates As Low As:1 | | VISA® Credit Card2 | Introductory APR3 | Index | Margin | Current Indexed APR4 | | VISA Student Classic® Credit Card3,4 | 5.90% | Wall Street Journal (WSJ) Prime | 6.15% | 10.15% | | VISA Classic® Credit Card3,4 | 5.90% | WSJ Prime | 6.15% | 10.15% | | VISA Gold® Credit Card3,4 | 5.90% | WSJ Prime | 5.15% | 9.90% | | VISA Platinum® Credit Card3,4 | 0.00% | WSJ Prime | 4.15% | 8.90% |
| Loan Type | Variable Rate
APR2 | Index | Margin | Current | Fixed Rate APR2 | | Checking Line of Credit | 10.00% | Wall Street Journal (WSJ) Prime | 6.00% | 9.50% | N/A | | Signature | 7.95% | WSJ Prime | 2.00% | N/A | 9.95% | | 90 Days Same as Cash | 0.00%/7.75% | WSJ Prime | 3.75% | N/A | N/A | | Debt Consolidation | 10.95%-13.95% | WSJ Prime | 5.00%-8.00% | N/A | 12.95%-15.95% | | Home EquityAccess | N/A | N/A | N/A | N/A | 8.25% | | Home Improvement | 7.50% | WSJ Prime | 1.50% | N/A | 8.75% | | Overseas Home | 7.95%-9.95% | WSJ Prime | 2.00%-4.00% | N/A | 9.95%-11.95% | | Education | 7.95% | WSJ Prime | 2.00% | N/A | 8.75% | | Auto (secured) | 4.50% | WSJ Prime | -0.50% | N/A | 6.00%5 | | Auto (outside U.S.) | 6.75% | WSJ Prime | 1.00% | N/A | 7.75% | | Savings Secured | 2.50% | Savings Rate | 1.50% | N/A | N/A | | Share Certificate Secured | Share Certificate Dividend Rate +1.5% | Share Certificate Rate | 1.50% | N/A | N/A | | U.S. Federal Government Education Loans6 | Call For Rate | N/A | N/A | N/A | N/A | | Rates are subject to change without prior notice. Current WSJ Prime is 4.00% | 1. All rates quoted are annual percentage rates (APR). Rates quoted are for ‘A’ credit members. Creditworthiness will determine actual APR.
2. Rates quoted are for 'A' credit members. Creditworthiness will determine actual APR.
3. The introductory rate period for VISA Student, VISA Classic and VISA Gold is six (6) months and three (3) months for VISA Platinum Access.
4. The current indexed APR for VISA credit cards is determined by adding the listed margin to the Wall Street Journal Prime as published on the last day of the preceding month of each billing cycle, subject to a minimum APR of 9.90% for VISA Student, VISA Classic and VISA Gold, and 8.90% for VISA Platinum Access.
5. Rates for new cars may be discounted by 0.25% for every 5% down payment, up to a maximum discount of 1%.
6. For eligible students and parents – US government determines eligibility. Call for a brochure or contact your college financial aid office for further information.
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| Mortgage Loan Rates | IMPORTANT NOTICES
Rates and terms are subject to change without prior notice. This rate sheet does not constitute a commitment. Rates and points can only be locked upon receipt of a completed Rate Lock Agreement and a lock-in deposit.
Rates and terms are based on an evaluation of each member. Rate, APR and points may be adjusted based on several factors, including but not limited to loan type, loan purpose ,documentation type, loan amount, occupancy type, property type, loan to value and your credit score. Your final rate, APR and points may be higher or lower than those quoted based on information relating to these factors, which may be determined after you apply. All loans are subject to credit approval. |
| Loan Type | Points1 | Rate | APR | Jumbo
Rate2 | Jumbo
APR | Max.
LTV | | 1 Yr. ARM3(1/1) | 0 | 4.250 | 3.57 | 4.625 | 3.94 | 100% | | 2 | 3.750 | 3.70 | 4.125 | 4.07 | 100% | | 3 Yr. ARM (3/3) | 0 | 4.375 | 4.10 | 4.750 | 4.47 | 100% | | 2 | 3.875 | 4.15 | 4.250 | 4.53 | 100% | | 5 Yr. ARM (5/1) | 0 | 4.875 | 4.01 | 5.250 | 4.39 | 100% | | 2 | 4.375 | 4.00 | 4.750 | 4.37 | 100% | | 10 Yr. ARM (10/1) | 0 | 6.250 | 5.33 | 6.625 | 5.72 | 100% | | 2 | 5.750 | 5.16 | 6.125 | 5.55 | 100% | | 7/23 ARM | 0 | 6.000 | 5.89 | 6.375 | 6.26 | 100% | 7/12/15 Year Balloon
-2nd or Vacation Home | 0 | 6.250 | 6.40 | 6.625 | 6.77 | 75% | | 10 Year Fixed | 0 | 5.500 | 5.54 | 5.875 | 5.90 | 100% | | 2 | 5.000 | 5.48 | 5.375 | 5.84 | 100% | | 15 Year Fixed | 0 | 5.500 | 5.53 | 5.875 | 5.89 | 100% | | 2 | 5.000 | 5.34 | 5.375 | 5.70 | 100% | | 20 Year Fixed | 0 | 5.875 | 5.90 | 6.250 | 6.26 | 100% | | 2 | 5.375 | 5.65 | 5.750 | 6.01 | 100% | | 25 Year Fixed | 0 | 6.000 | 6.02 | 6.375 | 6.39 | 100% | | 2 | 5.500 | 5.73 | 5.875 | 6.10 | 100% | | 30 Year Fixed4,5 | 0 | 6.000 | 6.02 | 6.375 | 6.38 | 100% | | 2 | 5.500 | 5.70 | 5.875 | 6.07 | 100% | EquityLoan / Fixed Rate
2nd Mortgages6 | 0 | 8.000 | 8.000 | N/A | N/A | 100% | | EquityLine7 | 0 | 4.950 | 4.950 | N/A | N/A | 100% |
1. Consult a Mortgage Representative for additional rate discount options. (One point = 1% of the loan amount.)
2. Jumbo rates apply for loan amounts over $500,000 for adjustable rate mortgages, and over $417,000 for fixed rate mortgage loans on single-family properties.
3. For adjustable rate terms, rates quoted are based on a 30-year term. 15 year terms are available at 0.25% less than the 30-year rate excluding the 10/1 and 7/23 ARM.
4. For Coops, maximum LTV is 90%. LTVs greater than 80% may require private mortgage insurance. Maximum LTVs can vary depending on property location.
5. InterestFirst mortgages are available for the 30 year fixed mortgage product. An additional .375% is added to the current 30-year rate for LTVs up to 90%. For LTVs greater than 90% an .625% should be added.
6. Rates quoted for LTV < 80%. Rates vary based on LTV. Consult a Mortgage Representative for your eligibility.
7. The EquityLine rate is a 12 month introductory rate. Thereafter, your interest rate will adjust quarterly based on an index of the Wall Street Journal (WSJ) Prime Rate and a margin. Margins range from 0% to 1.0% based on loan to value. Current WSJ Prime Rate is 4.00% effective 10/31/2008. Consult a Mortgage Representative to determine your eligibility. 2% annual rate cap and maximum lifetime rate of 15% apply. |
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