Share
Accounts
For the quarter ending December 31, 2011
| |
APR |
APY |
| $0.01 |
- |
$9,999.99 |
|
0.25% |
0.25% |
| $10,000.00 |
- |
$49,999.99 |
|
0.35% |
0.35% |
| $50,000.01 |
- |
$999,999.99 |
|
0.45% |
0.45% |
Calculation is based upon the member's average quarterly balance. Dividends are disbursed and compounded on the last day of the quarter.
Share Certificates
For the quarter ending December 31, 2011
| Term |
Minimum balance |
APR |
APY |
| 1 Year |
$500.00 > |
0.65% * |
0.65% * |
| 2 Year |
$500.00 > |
1.00% * |
1.00% * |
| 3 Year |
$500.00 > |
1.40% * |
1.40% * |
| 4 Year |
$500.00 > |
1.65% * |
1.65% * |
| |
|
|
|
Calculation is based upon the member's average quarterly balance. Dividends are disbursed and compounded on the last day of the quarter.
Penalty for early withdrawal will be the last 30 days of accrued interest at the date of closing, for 1 year certificates, and 90 days of accrued interest for 2 and 3 year certificates.
*Fees may reduce earnings.
Rate Information:
The Annual Percentage Yield is a percentage rate that
reflects the total amount of dividends to be paid on
an account based on the dividend rate and frequency
of compounding for an annual period. For Share accounts,
the Dividend Rate and Annual Percentage Yield may change
at any time as determined by the Credit Union’s
Board of Directors. The Dividend Rates and Annual Percentage
Yields are the prospective rates and yields that the
Credit Union anticipates paying for the applicable dividend
period.
Risk Based Scoring – Member’s may be charged a premium over and above the listed base rate as established by the Town of Cheektowaga F.C.U. loan policy and their FICO score at the time of application. The following percentage indexes will apply for all automotive, recreational vehicle, and unsecured loans.
| 680 - over |
A |
+ 0.00% |
| 640 - 679 |
B |
+ 1.00% |
| 600 - 639 |
C |
+ 2.00% |
| 550 - 599 |
D |
+ 4.00% |
| 549 - below |
E |
+ 6.00% |
Current Mortgage Rates
Loan
Calculator
|
APR |
Term |
| Share Secured
Loan |
2.50% |
120 months |
Home Equity Loan
Line of Credit
· Variable
rate based on Prime + 0%, adjusted
semiannually
· Closing costs may apply
· May
be tax deductible |
3.25% - Prime for life |
180 months |
| Home Improvement
Loan |
5.00% |
180 months |
| New Automobile |
2.75% |
36 months |
| New Automobile |
3.00% |
37 - 78 months |
| Used Automobile
2006 – 2011 |
3.75% |
66 months |
| Used Automobile
2005 and older |
5.00% |
60 months |
| New Recreational
Vehicle Loan |
3.90% |
60 months |
| |
4.90% |
180 months |
| Used Recreational
Vehicle Loan |
5.00% |
60 months |
| |
6.00% |
120 months |
| Unsecured Loan |
7.90% |
12 months |
| |
8.90% |
36 months |
| |
9.90% |
60 months |
| Visa Platinum
Credit Card |
9.99% (based on credit score) |
