 |
Deposit Accounts
Effective: June 18, 2008
|
| Account
Type |
Dividend
Rate |
APY* |
| Share |
1.75%
|
1.75% |
| Share Draft
|
0.00% |
0.00% |
| Christmas
Club |
1.75% |
1.75% |
| Vacation
Club |
1.75% |
1.75% |
Share, Christmas Club and Vacation Club accounts are variable rate accounts, and the rates may change. The Annual Percentage Yields (APYs) stated are accurate as of the effective date. There is no minimum balance required to earn the APYs stated. The minimum opening deposit on a share account is $5.00. Share draft, Christmas Club and Vacation Club accounts do not have a minimum opening amount and allow payroll deductions or direct deposits. Fees or other conditions could reduce earnings.
|
Back To Top
|
Share Certificate
Accounts
Effective: JULY 22, 2008 |
| Certificate
Term |
Minimum
Deposit |
Dividend Rate
|
APY* |
| 6 Months |
$1,000 |
3.00%
|
3.04% |
| 12 Months |
$1,000 |
3.00% |
3.05% |
| 18 Months |
$1,000 |
3.10% |
3.15% |
| 24 Months |
$1,000 |
3.10% |
3.15% |
| Jumbo |
$100,000
|
Contact office |
Contact office
|
Certificate rates may change periodically. Please contact our office for current rates. Fees and/or other conditions may reduce earnings on the account. A penalty may be imposed for early withdrawal. “APY” stands for Annual Percentage Yield. APY is based on minimum deposit of $1,000 with dividends compounded monthly.
|
Back To Top
Consumer Loan Rates
Effective: July 22, 2008
|
Loan
Type |
APR* |
Maximum
Term |
Amount |
| Auto-New |
5.75%-8.00% |
72 months (Loans between $40,000 & $20,000) 60 months (Loans between $19,999 & $10,000) 48 months (Loans under $10,000)
|
Purchase price
|
|
Auto-Used |
5.75%-8.00% |
1 Year old – 60 months
2-3 Years old-48 months
4& older – 36 months
|
NADA Retail Value plus, tax title and license. Price not to exceed purchase price of auto.
Auto subject to inspection prior to purchase.
|
|
Boat-New |
6.50% |
72 months (Loans $20,000 to
$32,000) 60 months (Loans between $20,000 & $10,000) 48
months (Loans under $10,000)
|
Up to 90% of sales price not
including tax
|
|
Boat-Used |
6.50% |
1 Year old– 60 months
2-3 Years old-48 months
4& older – 36 months
|
NADA Trade-In Value plus,
tax title and license
|
|
Farm Equipment & Tractor-New |
7.00% fixed |
72 months (Loans $20,000 to
$32,000) 60 months (Loans between $20,000 & $10,000) 48
months (Loans under $10,000)
|
100% of sales price |
|
Farm Equipment & Tractor-Used |
8.00% fixed |
72 months (Loans $20,000 to
$32,000) 60 months (Loans between $20,000 & $10,000) 48
months (Loans under $10,000)
|
100% of appraised value as
determined by credit union resources.
|
|
Recreational Vehicles |
7.50% fixed |
Up to 8 years, $50,000 maximum |
Appraised value/ purchase price for new |
|
Appliance Loan-new |
9.00% fixed |
2
4 months ($1500 to $2000)
12 months (between $500 to $1500) 6 months (under $500)
|
Purchase price with invoice provided |
|
Lawn and Garden |
9.00% fixed |
3
6 months($2000 to $5000)
24 months($1000 to under $2000) 12 months (under $1000)
|
Purchase price |
| Motorcycle-New |
6.50% |
72 months (Loans $20,000 to
$32,000) 60 months (Loans between $20,000 & $10,000) 48
months (Loans under $10,000)
|
Purchase price |
|
Motorcycle-Used |
6.50% |
60 months (Loans $20,000
to $32,000) 48 months (Loans between $20,000 & $10,000)36
months (Loans under $10,000)
|
NADA value plus tax title and license |
|
Personal Loan |
7.50% to 17.00% |
Inquire at credit union |
25% of annual income |
| VISA
Classic |
12.00% fixed |
N/A |
Based on annual income |
| Share
Secured |
4.00% variable |
Not to exceed 12 years |
Shares available |
| Certificate
Secured |
2% above certificate rate |
Not to exceed maturity date of certificate |
Loan payoff not to exceed certificate face value. |
| *APR is the Annual Percentage Rate |
Back To Top
Real Estate Loan Rates
Effective: June 18, 2008
|
| Loan
Type |
Current
Rate APR* |
Maximum
Term |
Maximum
Amount Financed (Purchase) |
Maximum
Amount Financed (Refinance) |
| 2 Year Arm |
4.75% variable |
Up to 30 years |
Up to 80% of appraised value |
Up to 80% of appraised value |
| Vacant Land |
4.75% 2 year ARM or 5.00% 5 year ARM |
Up to 12 years |
Up to 80% of appraised value |
Up to 80% of appraised value |
| Mobile Home
Doublewide (w/real property) |
4.75% 2 year ARM or 5.00% 5 year ARM |
Up to 30 years |
Up to 80% of appraised value |
Up to 80% of appraised value |
| Mobile Home
Singlewide (w/real property) |
4.75% 2 year ARM or 5.00% 5 year ARM |
Up to 12 years |
Up to 80% of appraised value |
Up to 80% of appraised value |
| Mobile
Home Singlewide –New |
6.50% |
Up to 6 years |
80% of appraised value up to $25,000 maximum |
80% of appraised value up to $25,000 |
| Construction
/ Permanent |
4.75% 2 year ARM or 5.00% 5 year ARM |
Up to 30 years |
80% of appraised value of plans and property |
N/A |
| *APR is the Annual Percentage Rate |
Back To Top
Home Equity Loans
Effective: June 18, 2008
|
| Loan Type |
Current Rate APR* |
Maximum Term |
Maximum Amount Financed |
Other Information |
| Home Equity
Line of Credit |
6.00% variable |
5 Year Draw Period |
80% of appraised value less any additional liens up to $50,000 |
Inquire at credit union for additional details of loan. |
| Second Mortgage |
5.00% variable |
12 years |
80% of appraised value less any additional liens up to $50,000 |
Inquire at credit union for additional details of loan. |
| Home Improvement |
7.00% fixed |
36 months |
$5,000 |
Inquire at credit union for additional details of loan |
*APR is the Annual Percentage Rate
Restrictions may apply. The credit union’s in-house
mortgage lending program is available in Tennessee only. For
a complete description of loan products contact the credit
union for more information. |
|
|
