Rates and Fees(Last updated on March 31, 2008)
Loan Interest Rates
Personal/Consumer Loans |
8.50% - 14.50%, Application Fee $15 |
Business Loans/Lines of Credit
|
9.25% - 13.5, Application Fee $15, and Origination Fee of 1% for loans greater than $7,000 |
Real Estate Loans |
Application Fees vary depending on loan type |
| --Mortgages |
5.12% - 6.305% |
| --Home Equity Loans |
5.25% - 7.75% |
--Home Equity Lines of Credit |
4.25% - 6.00% |
Auto Loans |
6.5% - 9.5%, Application Fee $15 |
Secured Credit Establishment Loans |
6.50%, Application Fee $15 |
Debt Consolidation |
Application Fee $15 |
Credit Union Membership
Membership Share Fee |
$10 |
Business Membership Share Fee |
$15 |
Savings/Share Accounts
Minimum First Time Deposit |
$5 |
Low Balance |
$3/month if balance falls below $50* |
No Account Activity for 1 Year |
$5/quarter |
*No minimum balance required for a year for participants of our FREE FINANCIAL EMPOWERMENT CLASSES.
Checking/Draft Accounts
Minimum Balance to Open |
$25 |
Check Writing Privileges |
NO CHARGE |
Cost of Checks |
Price varies based on style |
Check Returned for Non-Sufficient Funds |
$20 |
Overdraft Protection from Savings/Share Account |
$5/transaction |
Business Accounts
Minimum First Time Deposit in Savings/Share Account |
$50 |
Minimum First Time Deposit in Checking/Draft Account |
$100 |
Monthly Maintenance Fee |
$15 |
Cost of Business Account Checks |
Price varies based on style |
Youth Accounts*
Membership Fee |
$10 |
Minimum First Time Deposit |
$5 |
Minimum Balance |
$35 |
*All other requirements for Youth Accounts are the same as for a regular savings/share account.
Check Cashing Deposit Program (PayNet)
Deposit Cash or Checks |
NO CHARGE |
Balance Inquiry |
NO CHARGE |
Withdrawals |
$1.50 |
Cash a Check and Deposit at Least 20% of it into Checking Account |
--Less Than $1000 |
0.5% |
--More than $1000 |
1% |
Other Services Fees
ATM Card |
NO CHARGE FOR NEW ACCOUNTS |
ATM Replacement Card |
$3 |
ATM Transactions (4 free/month) |
$1/each additional transaction |
Money Orders for Members |
$1 |
Money Orders for Non-Members |
$1.50 |
Direct Deposit |
NO CHARGE |
Wire Transfers/Remittances |
| --VIGO |
Rate varies by country |
| --Incoming Domestic |
$10 |
| --Incoming International |
$15 |
| --Outgoing Domestic |
$25 |
| --Outgoing International |
$35 |
Balance Verification |
$10/letter |
Verification of Account Information to 3rd Party |
$5 (when authorized by member) |
Deposited Check Returned |
$18 |
Account Closed Prior to 12 months |
$5 (applies to all accounts) |
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