SAVINGS AND LOAN RATES
Auto Loans
Effective 7/01/08
APR is Annual Percentage Rate. New and used vehicle rates are the same. The lowest rate for each term includes the automatic payment transfer discount of 1/4%. Specific rates determined by credit history, term, and service relationships with the credit union
Click here for information about our auto loans.
| NEW & Used Car, Trucks, Vans | APR Range |
| 96 months fixed* | 5.74% - 7.49% |
| 84 months fixed* | 5.74% - 7.49% |
| 72 Months Fixed | 4.99% - 11.74% |
| 60 Months Fixed | 4.99% - 11.74% |
| 48 Months Fixed | 4.74% - 11.49% |
| 36 Months Fixed | 4.49% - 11.24% |
| 24 Months Fixed | 4.49% - 11.24% |
| 60 Months Adjustable | 4.24% - 9.99% |
* Some credit restrictions may apply.
For mortgages, see www.memberfirstmortgage.com*** (click on, get a rate quote; or check today's rates.)
Closed End Home Equity Loans from $15,000
to $250,000 (Owner Occupied) [2]
Rates effective 7/01/08
80% Combined Loan-to-Value
|
Fixed Rate July 2008 |
Base Interest Rate | Best Interest Rate | Best Interest Rate w/ Automatic Transfer | Highest Interest Rate [1] |
| Term | up to 80% CLTV | up to 80% CLTV | up to 80% CLTV | up to 80% CLTV |
| up to 5 years | 5.250% | 4.750% | 4.500% | 12.750% |
| 6 to 10 years | 5.700% | 5.200% | 4.950% | 13.200% |
| 11 to 15 years | 6.150% | 5.650% | 5.400% | 13.650% |
| 16 to 20 years | 6.600% | 6.100% | 5.850% | 14.100% |
95% Combined Loan-to-Value
|
Fixed Rate |
Base Interest Rate | Best Interest Rate | Best Interest Rate w/ Automatic Transfer | Highest Interest Rate [1] |
| Term | up to 95% CLTV | up to 95% CLTV | up to 95% CLTV | up to 95% CLTV |
| up to 5 years | 6.250% | 5.750% | 5.500% | 13.750% |
| 6 to 10 years | 6.700% | 6.200% | 5.950% |
14.200% |
| 11 to 15 years | 7.150% | 6.650% | 6.400% | 14.650% |
| 16 to 20 years | 7.600% | 7.100% | 6.850% | 15.100% |
Closed End Home Equity Loans from $15,000 up to $250,000 (Non-Owner Occupied) [2]
|
Fixed Rate
July 2008 |
Base Interest Rate | Best Interest Rate | Best Interest Rate w/ Automatic Transfer | Highest Interest Rate [1] |
| Term | up to 70% CLTV | up to 70% CLTV | up to 70% CLTV | up to 70% CLTV |
| up to 5 years | 6.500% | 6.000% | 5.750% | 14.000% |
| 6 to 10 years | 6.950% | 6.450% | 6.200% | 14.450% |
| 11 to 15 years | 7.400% | 6.900% | 6.650% | 14.900% |
| 16 to 20 years | 7.850% | 7.350% | 7.100% | 15.350% |
Home Equity Line of Credit from $10,000 up to $250,000 [3]
| Adjustable Interest Rate 3rd Quarter |
13 Week T-Bill [3] | Margin | Base interest Rate | Best Interest Rate | Best Interest Rate with Payment Transfer | Highest Interest Rate [1] |
| Up to 80% | 2.000% | 3.750% | 5.750% | 5.250% | 5.000% | 13.250% |
| Over 80% | 2.000% | 4.250% | 6.250% | 5.750% | 5.500% | 13.750% |
| Up to 70% | 2.000% | 4.500% | 6.500% | 6.000% | 5.750% | 14.000% - non-owner occupied |
Visa Gold Home Equity Line of Credit from $10,000 to $75,000 [4]
| Adjustable Interest Rate 3rd Quarter |
Prime Rate | Margin | Base interest Rate | Best Interest Rate | Best Interest Rate with Payment Transfer | Highest Interest Rate [1] |
| Up to 80% | 5.000% | 0.500% | 5.500% | 5.000% | 4.750% | 13.000% |
| Over 80% | 5.000% | 1.000% | 6.000% | 5.500% | 5.250% | 13.500% |
| Up to 70% | 5.000% | 1.250% | 6.250% | 5.750% | 5.500% | 13.750% non-owner occupied |
Interest rates are subject to change anytime without notice and may vary based upon credit history, loan term, and account relationships with the Credit Union.
Notes
- Maximum Interest Rate is 18.00%
- Fixed interest rates on closed-end equity loans change monthly.
- Adjustable rates change quarterly. Current T-bill expires 9/30/2008
- Adjustable rates change quarterly. Current prime rate expires 9/30/2008
CLTV - Combined loan-to-value.
Visa
Effective 7/01/08 - 9/30/08
APR is Annual Percentage Rate.
| Product | APR |
| Visa Platinum
|
10.10% Fixed 9.70% Fixed (with one service) 9.30% Fixed (with two services) 8.90% Fixed (with three services) 8.50% Fixed (with four services) (Services: checking account, UMCU loan, automatic transfer to Visa platinum payment, $5,000 deposit into an IRA or Term Savings Account.) |
| Visa Classic | 12.50% Fixed 12.10% Fixed (with one service) 11.70% Fixed (with two services) 11.30% Fixed (with three services) 10.9% Fixed (with four services) (Services: Checking Account, UMCU Loan, automatic payment transfer to Visa Classic or $5000 balance in Term Savings or IRA Account) |
Visa Classic and Visa Platinum grace periods are 25 days. The grace period is from the first of the month through the 25th of the month. In order to avoid finance charges (interest), the credit union must receive and post your payment of the previous month's entire balance on or before the 25th of the month. If only a portion of the previous month's balance is paid, the remaining balance due on the account will be subject to finance charges (interest). The appropriate periodic rate is applied to the daily principal balance. The daily principal balance is calculated separately for purchases and cash advances and is determined as follows. For each day during the statement period, any purchases or cash advances posted to the account that day increases the principal balances of purchases and cash advances from the previous day. Each separate daily principal balance on the loan account is then multiplied by the number of days that balance is owed times the appropriate periodic daily rate and the results are added together.
Other Loans
Disclosed rates are subject to change at any time and may vary based on credit history, term, and relationships with the credit union. APR is Annual Percentage Rate.
Effective 7/01/08
| Product | APR |
| Share Secured |
Contact Member Service Phone Center
(662-8200, 800-968-8628) |
| Revolving Loan | Rates as low as 7.50%, adjustable |
| Installment Loan | Rates as low as 7.50%, adjustable |
| Home Improvement | Rates as low as 6.25%, adjustable |
| New Mobile Home | Rates as low as 7.00%, adjustable |
| Used Mobile Home | Rates as low as 8.90%, adjustable |
| Recreation Vehicle | Rates as low as 5.25%, adjustable |
| Boat | Rates as low as 5.25%, adjustable |
| Motorcycle | Rates as low as 5.25%, adjustable |
| Overdraft Protection Loan | 13.40%, fixed |
| Member's Choice Loan |
Rates as low as 7.75%, fixed |
Student Loans
Effective through 7/01/2008- 6/30/2009
| Name of Loan | APR |
| Stafford | 6.00% |
| Plus | 6.00% |
Note: You must apply through your school's Financial Aid
office first for the Stafford or Plus loan..
Effective 7/01/08
| Name of Loan | APR |
| UMCU Revolving Student Loan |
As low as 5.00%, adjustable |
Savings and Checking Rates
Share Savings*, Money Market Savings, Penny Pioneer*, Financial Fitness*, Basic Checking, Interest Checking*, SelectChecking*
| Minimum Balance to Open | Interest Rate | APY
(Annual Percentage Yield) |
|
| Share Savings (as of 6/30/08) |
$5 non refundable membership fee and
$5 deposit |
$0-$49.99 - 0.00%
$50.00+ - 0.25% on entire balance |
0.00% - 0.25% |
| Money Market Savings (6/01/08-6/30/08) | $0.01 | $.01 - $1,999.99 0.25% |
0.25% |
| $2,000 - $9,999.99 0.50% |
0.25% - 0.45% |
||
| $10,000 - $24,999.99 1.50% |
0.45% - 1.09% |
||
| $25,000+ 2.00% |
1.09% - 2.01% |
||
| Penny Pioneer (as of 6/30/08) |
$5 non refundable membership fee and
$5 deposit |
0.25% | 0.25% |
| Financial Fitness (as of 6/30/08) | N/A | 0.25% | 0.25% |
| Independent Edge (as of 6/30/08) |
N/A |
0.25% |
0.25% |
| Interest Checking (6/01/08-6/30/08) (This is a tiered rate account. Rates and APY vary depending on balance). |
$50 |
$.01- $2,499.99 - 0.25%
$2,500 - $7,499.99- 0.75% $7,500+ - 1.40% |
0.25% 0.25% - 0.59% 0.59% - 1.41% |
| SelectChecking (6/01/08-6/30/08) (Rates and APY vary depending on balance). | $50 |
$.01 - $999.99 - 0.00%
$1,000.00 and higher - 1.00% |
0.00% 0.00% - 1.00% |
* The rate may change after the account is opened. Share Savings accounts with a balance of less than $100 and no activity for six months and without related savings or loan sub accounts are charged $5.00 per month, with the exception of the Penny Pioneer and Financial Fitness accounts. This fee could reduce earnings on the account. Likewise, checking account fees could reduce earnings on Interest Checking.
Savings Plus*, IRA Plus, and Holiday Savings Account*
|
Minimum Opening
Requirement |
Interest Rate |
APY
(Annual Percentage Yield) |
|
| Savings Plus (7/01/08-9/30/08) | $2000 | 1.00% | 1.00% |
| IRA Plus (7/01/08-9/30/08) |
None |
1.00% | 1.00% |
| Roth IRA Plus (7/01/08-9/30/08) | 1.00% | 1.00% | |
| Holiday Savings (as of 6/30/08) | $5 | 0.50% | 0.50% |
* The rate may change after the account is opened.
Term Savings Account (TSA) and IRA Rates
(see Savings Plus for IRA Plus rate)
$500 minimum deposit; rates as of 6/02/08
| Term |
TSA |
TSA APY* |
IRA |
IRA APY* |
| 3 Month (for Financial Fitness accounts only) | 1.45% | 1.46% | ||
| 6 Month | 1.70% | 1.71% | 1.70% | 1.71% |
| 12 Month | 1.80% | 1.81% | 1.80% | 1.81% |
| 18 month | 1.95% | 1.97% | 1.95% | 1.96% |
| 24 month | 2.05% | 2.07% | 2.05% | 2.07% |
| 30 month | 2.10% | 2.12% | 2.10% | 2.12% |
| 36 month | 2.50% | 2.53% | 2.50% | 2.52% |
| 42 month | 2.55% | 2.58% | 2.55% | 2.57% |
| 48 month | 2.80% | 2.84% | 2.80% | 2.83% |
| 54 month | 3.05% | 3.09% | 3.05% | 3.09% |
| 60 month | 3.10% | 3.14% | 3.10% | 3.14% |
*APY is Annual Percentage Yield. Interest is paid and compounded monthly on TSAs and quarterly on IRAs. There are interest penalties for early withdrawal.
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Term Savings Account (TSA) and IRA Rates
(see Savings Plus for IRA Plus rate)
$10,000 minimum deposit; rates as of 6/02/08
| Term | TSA Interest Rate |
TSA APY* |
IRA Interest Rate |
IRA APY* |
| 6 month | 1.90% | 1.92% | 1.90% | 1.91% |
| 12 month | 2.00% | 2.02% | 2.00% | 2.02% |
| 18 month | 2.15% | 2.17% | 2.15% | 2.17% |
| 24 month | 2.25% | 2.27% | 2.25% | 2.27% |
| 30 month | 2.30% | 2.32% | 2.30% | 2.32% |
| 36 month | 2.70% | 2.73% | 2.70% | 2.73% |
| 42 month | 2.75% | 2.78% | 2.75% | 2.78% |
| 48 month | 3.00% | 3.04% | 3.00% | 3.03% |
| 54 month | 3.25% | 3.30% | 3.25% | 3.29% |
| 60 month | 3.30% | 3.35% | 3.30% | 3.34% |
*APY is Annual Percentage Yield. Interest is paid and compounded monthly on TSAs and quarterly on IRAs. There are interest penalties for early withdrawal.
Higher rates are available for minimum deposits of $50,000, $100,000, and $250,000. For $50,000, add .25% to the $10,000 interest rate for each term. For $100,000, add .50% to the $10,000 interest rate for each term, and for $250,000, add .75% to the $10,000 interest rate for each term.
***Links from our web site are provided for your convenience only. These linked sites are separate from our credit union's web site and UMCU is not responsible for the content or availability of these sites or their privacy policies. In addition, a link from our web site to another does not indicate that UMCU endorses that site's advertisers, services or policies.
Your
savings federally insured to at least $100,000 and backed by the full faith
and credit of the United States Government
We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.