LOAN RATES |
Vehicle loans
(APR = Annual Percentage Rate) |
|
|
4.99% APR
5.99% APR
6.99%APR |
100% Financing
100% Financing
100% Financing |
2005 and newer vehicles - max of 60mos. Over $25,000 can go 6 years at 5.99%. Boats, Travel Trailers and Motor Homes only - 72 mos. at 6.99%
2000-2004 vehicles- max of 60mos. Over $25,000 can go 6 years @6.99%. Boats, Travel Trailers and Motor Homes only - 72 mos. at 7.99%
1999 & older vehicles - max of 48 mos. |
| *All rates subject to change without notice |
|
|
| Signature Loans |
|
| 1 Year |
10% APR |
|
|
| 2 Years |
11% APR |
|
|
| 3 Years |
12% APR |
|
|
| 4 Years |
12% APR |
|
|
| 5 Years |
13% APR Consolidation only - requires special approval from the board of directors |
| Demand Loans |
|
| 45 Day Demand - 15.00% APR - only one rewrite up to 45 days |
|
|
|
| Open End Loan |
|
| A line of credit loan - $10,000 max per signature |
| Mortgages |
|
| Variable Rate - Owner Occupied - $250,000 Maximum |
| 1st Mortgages - up to 30 years - determined by the 30 yr. T-Bill and plus 1.75% (ref: WSJ) |
| 2nd Mortgages - up to 15 years - determined by the prime rate plus 1% (ref; WSJ) |
| Secured Loans |
|
| Share Secured - 3.00% above the interest rate being paid on the pledged account. |
Stock Secured - determined by the Prime Rate as per the WSJ
Loan up to 60% of SNET/SBC stock
Loan up to 50% of all other stock |
| Special Purpose Loans |
|
| Computer Special |
2 Year max. at 8.00% APR Funds payable to computer store or company. |
|
|
| Regular Share Accounts |
|
| 1 Year |
0.50 APR |
0.50 APY |
(minimum balance $10.00) |
| Club Accounts |
|
| 1 Year |
0.50 APR |
0.50 APY |
(minimum balance $1.00) |
| Sharedraft Checking |
|
| 1 Year |
0.50 APR |
0.50 APY |
($10,000.00 minimum
balance for interest) |
| IRA Account |
|
| 1 Year |
3.93APR |
4.00APY |
($5.00 minimum balance) |
| Certificate of Deposit |
|
| 6 Month |
3.45APR |
3.51APY |
($500.00 minimum) |
| Certificate of Deposit |
|
| 1 Year |
4.41APR |
4.50APY |
($500.00 minimum) |
