SAVINGS ACCOUNT RATES AND TERMS | LOAN RATES <

TRUTH-IN-SAVINGS ACCOUNT DISCLOSURES 

Rate Information: The Dividend Rate and Annual Percentage Yield on your share accounts may change monthly as determined by the Credit Union board of Directors.  The actual Annual Percentage Yield may be less depending on account activity.

Payment of Dividends: The Credit Union Board of Directors declares dividends based on the Credit Union’s current income and available earnings after providing for the required reserves.  The Dividend Rate and Annual Percentage Yield are not guaranteed.  Dividends will be credited and compounded on a monthly basis.  Dividends will begin to accrue on the business day you deposit cash and non-cash items (e.g. checks) to your share account or on the day the Credit Union receives provisional credit for collection items.

Balance Information: The minimum balance required to open each account, is set forth above.  On Daily Balance Share Accounts, dividends are calculated by the daily balance method, which applies a daily periodic rate to the principal in the account each day.  If an account becomes negative any day during the dividend period, dividends are forfeited.

Transaction Limitations: The account transaction limitations for each account are set forth above.  For cash withdrawals in excess of $1,000, the Credit Union requires (3) business day’s notification.

Account Limitations: You may make up to (6) six pre-authorized automatic or telephone transfers from theses accounts per month.  Of the (6) six, no more than (3) three transfers may be to another account of yours, to a third party, or to the Credit Union.  If you exceed these limitations, your account may be closed.

Effects of Closing a Share Account: Accrued but not credited dividends will not be paid if a Share Account is closed prior to the time dividends are credited.

LOAN RATES

• NEW VEHICLES
• USED VEHICLES
• RECREATIONAL VEHICLES
• MOBILE HOMES
• FIXED SECOND MORTGAGES
• VISA CLASSIC CARDS
• PERSONAL LOANS
• REDI-CASH LINE OF CREDIT
• SHARE SECURED

NEW VEHICLES
New vehicle loans include automobiles, trucks, sport utility vehicles and motorcycles. The credit union finances 100% of the dealer's invoice up to 72 months. New vehicles are current year model with less than 6000 miles. This list includes new automobiles and motorcycles.

USED VEHICLES
Used vehicles include automobiles, trucks, sport utility vehicles and motorcycles. The credit union finances between Low and High Kelly Blue Book value up to 72 months. Used vehicles are 2001 or newer models. This includes current year models with more than 6000 miles for automobiles and motorcycles.

RECREATIONAL VEHICLES
New and Used Recreational Vehicles include motor homes, boats, airplanes, jet skis and all terrain vehicles. New RV's are financed at 100% of dealer invoice up to 96 months. Used RV's are financed between Low and High Kelly Blue Book for up to 96 months.

New and Used Recreational Vehicles - Effective 9/30/03

MOBILE HOMES
New Mobile Homes can be financed at 100% of dealer invoice for up to 120 months.Used Mobile Homes can be financed between Low and High Kelly Blue Book value for up to 84 months.

FIXED SECOND MORTGAGES
Fixed Second Mortgages are financed at a percentage of the appraised value less the first mortgage.The interest rate is based on the number of months financed.

VISA CLASSIC CARD
The credit union's Visa Classic card has no annual fee, no interest if paid in full every 25 days, and a low interest rate.The credit union Visa card is accepted worldwide for purchases and cash advances.Visa limits range from $300 to $10,000.

Each time you use your Visa card you earn 1 Scorecard Reward points for every $1.00 that you charge on your Visa card. Use your reward points for airline travel, rental cars, and other gifts.

PERSONAL LOANS
The credit union has Personal Loans to fit your needs. This includes debt consolidation, home improvement, vacation loans, computer loans, and many others.Personal loans are financed up to $10,000 and 48 months.Personal Loans

REDI-CASH LINE OF CREDIT
Our Redi-Cash Loan is a line of credit that is active for a two-year period. This is a revolving loan that allows you to take cash advances for home improvement, vacation and many other expenses. Limits range from $300 to $10,000.

SHARE SECURED
The credit union has Share Secured loans that allow you to borrow and still keep the funds in your savings account at a lower than normal rate of interest.This loan is an alternative to high interest rate loans for anyone who needs to rebuild their credit.The credit union also offers a Share Secured Visa for those establishing credit for the first time.

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