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Rates

Current Rates as of August 1st 2023

  • APR: Annual Percentage Rate
  • APY: Annual Percentage Yield
Automobile Loans**
Term New Cars Used Cars
Up to 84 months as low as 5.75% APR as low as 6.00% APR
Terms of repayment: 60 monthly payments of $19.22 per $1,000 borrowed 72 monthly payments of $16.93 per $1,000 borrowed

** The rate you pay will be determined by the term of the loan and your credit history available on approved credit

Personal Loans**
Term APR* Terms of Repayment
Up to 24 Months as low as 10.50% 24 monthly payments of $46.38 per $1,000 borrowed.
Up to 60 Months as low as 11.75% 60 monthly payments of $22.12 per $1,000 borrowed.

*APR = Annual Percentage Rate
** The rate you pay will be determined by the term of the loan and your credit history available on approved credit

Home Equity Loans: (property insurance is required)
Term APR* Terms of Repayment
5 Years as low as 6.00% 60 monthly payments of $19.33 per $1,000 borrowed.
10 Years as low as 6.75% 120 monthly payments of $11.48 per $1,000 borrowed.
15 Years as low as 7.00% 180 monthly payments of $8.99 per $1,000 borrowed.

*APR = Annual Percentage Rate
**Rates may vary due to credit score

Home Equity Line of Credit
17 Years As low as .75% above Prime, adjustable Interest only first 7 years
  Rate Floor: 3 %
APR Ceiliing: 18% APR		 Principal & Interest Years 8-15
  Prime rate as of 9/19/2024= 8.00%

*Rates may vary due to credit score

Share Secured Loans
Rate Example of repayment
3% over current share/certificate rate. A $1,000 share secured loan, for a 12 month term based on a loan rate of 3.30% APR would have a repayment of $84.96 per month.

Current Rates as of August 7th, 2023

  • APR: Annual Percentage Rate
  • APY: Annual Percentage Yield

Dividend Rates are set by the Board of Directors and are subject to change at any time and are calculated on the Average Daily Balance.

Share Rates
Share Types Effective APY Dividend Rate
Shares and Club Accounts 0.05% 0.05%
Christmas Clubs* 0.05% 0.05%
Vacation Clubs** 0.05% 0.05%
IRA Shares 0.05% 0.05%

*Early withdrawal penalty: $20.
**One withdrawal per quarter, $20 fee if more than one per quarter.
Balance required to earn a dividend: $250.00 *Fees may reduce the earnings.

Money Market*
Minimum to earn APY Effective APY Dividend Rate
$0 to $2,499 0.20% 0.20%
$2,500 to $49,999 0.35% 0.35%
$50,000 and over 0.55% 0.55%
$100,000 and over 3.05% 3.00%

* Refer to "Important Account Information for Our Member" for transaction limitations.

Share Certificate
Term Effective APY Dividend Rate
1 year 4.60% 4.50%
2 year 3.03% 3.00%
3 year 2.43% 2.40%
4 year 2.63% 2.60%
5 year 2.84% 2.80%

Minimum Deposit to open Certificates is $500.00, Minimum Deposit to open IRA Certificates is $1,000.00, Minimum Term for IRA Certificates is 12 months

Early withdrawal penalties will be imposed, based on maturity of certificate. For certificates 90 days in maturity or less, a penalty will equal 90 days dividends on the amount withdrawn, maturities of six months and greater will have a penalty of six months dividends. All penalties will be incurred whether the dividends have been earned or not.