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 Savings
Share Account (savings)
The share account is your regular savings account and assures lifetime membership in the Credit Union, with a minimum balance of $25.00. This account earns dividends which are declared and paid quarterly based on Credit Union earnings. Matching Life Savings Insurance up to $2,000 is offered to members at no additional cost.
Checking with Interest
The Checking with Interest account is a dividend-earning checking account. A minimum balance is not required and there are no transaction fees or per check charges. Payroll deduction of net pay may be set up as well as direct deposits of retirement checks and social security checks. Phone transfers to and from shares are available.
Christmas Club
A Credit Union Christmas Club can help you steadliy accumulate savings throughout the year, which means extra cash on hand for holiday spending. There is no minimum required to open the account and payroll deductions are the easiest way to add to your Christmas Club Account.
Individual Retirement Account
The Credit Union's IRA is a personal, tax-deferred retirement plan for the Credit Union Member. IRAs are available in an accumulation account. Deposits may be made at any time. IRAs are insured separately up to $100,000. (Consult tax advisor for deductibility)
Share Term Certificate
We offer certificates with a minimum balance of $1,000 for six or twelve months. New rates are determined weekly and a guaranteed rate is offered for the period of the certificate, but there are penalties for early withdrawal. Certificates are automatically renewable upon request and funds can be added at the time of maturity.
LOANS
New and Used Car Loans
Finance up to 100% of the MSRP or sales price (whichever is less) on a new car, or 100% of the retail value (NADA Car Guide) on used cars less than three years old. Vehicles up to ten years old can be financed up to 75% of the retail value. Terms range up to a maximum of 84 months.
Recreational Vehicle Loans
Recreational vehicle loans are available on new and used boats, motor homes, campers or any other type of RV. Terms range from 36 to 84 months.
Other Collateral Loans
Financing up to 75% of appraised value or purchase price up to 84 months.
Share Secured Loans
Terms up to 60 months with unlimited renewal.
Comaker Loans
Comaker loans for amounts from $250.00 to $9,000.00 may be granted with comakers accepted as collateral on the loan. Terms range from 6 to 84 months.
Unsecured, Term, & Line of Credit Loans
· Signature- Each advance must be approved separately
· Line-of-Credit- Pre-established limit
· Overdraft Protection- a separate line of credit for the share draft account.
· Short-Term Loan- designed to be repaid in 12 months.
· Terms vary from 12-36 months.
Home Equity Loans
Home Equity loans allow members who are homeowners to borrow larger sums of money for a longer term using the equity they have in their home as collateral. The variable rate is based on the Prime Rate plus one percent. There are no points or initial service fees. A line-of-credit means your future advances are simply processed through your Loan Officer or the Credit Union office. Interest paid may be tax deductible. (Consult tax advisor for deductibility.)
First Mortgage Loans
First Mortage loans are available to purchase new homes, vacation homes or to refinance existing first mortgage loans. There are many different plans featuring variable rate, 15 and other enhancements.
Short Term Fixed Rate Mortgage
We offer a fixed rate mortgage with a maximum 10 year term. The short term mortgage can be a first or second mortgage with a fixed rate based on the CMT (constant maturity treasury) rate plus one percent.
ATM and Debit Cards
Your MAC, or Money Access Card, allows you to withdraw funds from your savings or checking accounts through automated teller machines bearing the PLUS Network. The same MAC card may also be used as a debit card anywhere the Maestro Network (Mastercard) is displayed.
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Products
