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Co-op Services Credit Union
Rates Announced on November 5, 2001
IRA and Certificate of Deposit Rates
Annual Percentage Yields (APY)
October 1, 2001
Term |
$2,500 - $24,999 APY |
$25,000 - $99,999 APY |
OVER $100,000 APY |
DIVIDENDS PAID |
91 Days |
3.05% |
3.10% |
3.15% |
Maturity |
6 Months |
3.10% |
3.15% |
3.20% |
Maturity |
9 Months |
3.20% |
3.25% |
3.30% |
Maturity |
12 Months |
3.35% |
3.40% |
3.45% |
Quarterly |
15 Months |
3.35% |
3.40% |
3.45% |
Quarterly |
18 Months |
3.40% |
3.45% |
3.50% |
Quarterly |
24 Months |
3.50% |
3.55% |
3.60% |
Quarterly |
30 Months* |
3.60% |
3.65% |
3.70% |
Quarterly |
36 Months |
3.80% |
3.85% |
3.90% |
Quarterly |
48 Months |
4.10% |
4.15% |
4.20% |
Quarterly |
60 Months** |
4.30% |
4.35% |
4.40% |
Quarterly |
* $100 minimum balance
** $500 minimum balance
Penalty for early withdrawal
Rates subject to change at any time
APY = Annual Percentage Yield
All IRAs have $500 minimum balance except 30 month
All rates subject to change at any time. Call 800-321-8570 ext. 200
Federally insured up to $100,000 by
a U.S. Government Agency
Loan Rates
October 1, 2001
NEW VEHICLES
Year |
*A.P.R.
As low as |
*A.P.R.
As high as |
TERMS
|
DOWNPAYMENT |
2001-2000 |
6.20% |
13.75% |
Up to 60 months |
0 to 25% |
|
6.40% |
14.00% |
Up to 66 months |
0 to 25% |
Over $20,000 |
6.80% |
8.50% |
Up to 72 months |
0 to 25% |
New vehicle rates based on past credit history
USED VEHICLES
Year |
*A.P.R.
As low as |
*A.P.R.
As high as |
TERMS
|
DOWNPAYMENT |
2001-2000-1999 |
6.80% |
14.25% |
Up to 60 months |
0 to 25% |
|
7.60% |
14.50% |
Up to 66 months |
0 to 25% |
Over $20,000 |
7.90% |
8.25% |
Up to 72 months |
0 to 25% |
1998 |
7.20% |
14.50% |
Up to 60 months |
0 to 25% |
1997 |
8.25% |
14.70% |
Up to 60 months |
0 to 25% |
1996 |
9.50% |
16.10% |
Up to 48 months |
0 to 25% |
1995 |
10.50% |
17.10% |
Up to 48 months |
0 to 25% |
1994 |
11.70% |
18.10% |
Up to 42 months |
0 to 25% |
1993 |
13.60% |
19.50% |
Up to 36 months |
0 to 25% |
Used vehicle rates based on past credit history
UNSECURED
Amount |
*A.P.R. |
TERMS |
Up to $5,000 |
9.00% |
Up to 12 months |
Up to $5,000 |
10.75% |
13 to 24 months |
OTHER UNSECURED
|
INDEX |
*A.P.R. |
TERMS |
Gold Line - to $15,000 |
Prime rate + 4.00% |
11.00% |
No fee - Payments $2.60 per $100 |
Visa Gold - to $20,000 |
Prime rate + 3.90% |
10.90% |
No fee - Payments $3.00 per $100 |
Visa Classic - to $10,000 |
Prime rate + 5.90% |
11.45% |
No fee - Payments $3.00 per $100 |
Prime Rate Currently is 5.50%
FIRST MORTGAGES
Fixed and variable rates from 5 to 30 years with equity or downpayment. Please call our mortgage specialists at extension 301 for pre-approval. |
HOME EQUITY LOANS**
|
*A.P.R |
TERMS |
Home Improvement***(F) |
12.50% |
$500 to $10,000 up to 60 months - No fee - unsecured |
Home Line Equity Line of Credit****(V) |
5.50% |
For the first 5 months after closing |
|
6.00% |
Prime + .50% for credit limits of $5,000 to $24,999 |
|
5.50% |
Prime + 0% for credit limits $25,000 to 150,000 |
Home Equity Closed-End Loan***(F) |
8.90% |
$5,000 to $17,999 up to 120 months |
|
8.50% |
$18,000 to $100,000 up to 180 months |
Special promotion interest rate of 5.5% for Home Line Equity Line of Credit only for the first 5 months after closing.
OTHER LOANS
Boats and RVs, student loans, overdraft coverage, and savings secured loans. |
Call 800-321-8570 extension 200 for more information on any loan needs you may have
* A.P.R. = ANNUAL PERCENTAGE RATE
** All home equity loans are for primary dwelling only
*** (F) = Fixed Rate
**** (V) = Variable Rate
We do business in accordance with the Federal Fair
Housing law and the Equal Credit Opportunity Act.
Additional Information
Home Equity
Home Equity Line of Credit based on 95% of appraised value minus first mortgage and liens. Rate is reviewed on the last business day preceding the 16th of each month and is based on highest rate published in the “Money Rates” section of the Wall Street Journal. Prime is a variable rate; as it changes the annual percentage rate on your account will change. Maximum APR is 18%. If your Home Equity Line of Credit is closed within one year, costs related to loan must be reimbursed. Consult your tax advisor on deductibility of interest. Property used to secure the loan must be your primary residence within our service area. Property insurance is required.
Credit Cards—Classic and Gold
No annual fee. No minimum finance charge. No transaction fee for purchases or cash advances. A 25-day grace period for repayment of balances for purchases applies. There is no grace period for cash advances. Finance charge and the corresponding APR are computed using a variable monthly rate with may change up to 12 times per year. The APR and its corresponding Monthly Periodic Rate is determined by taking the highest Prime Rate as listed in the “Money Rates” section of the Wall Street Journal on the last business day preceding the 16th of each month and adding the 3.9% for Gold cards and 5.9% for Classic cards. Late payment fee of $10.00 and an over-the-credit-limit fee of $10.00 will apply.”
Saving Account Rates
Annual Percentage Yields (APY)
October 1, 2001
ACCOUNT |
APY |
MINIMUM |
DIVIDENDS PAID |
Regular Share * |
1.76% |
$199. |
Quarterly |
Dividend Bearing Checking** |
2.02% |
$1,000 |
Monthly |
Non-Dividend Bearing Checking*** |
N/A |
N/A |
N/A |
Vacation Club |
1.76% |
None |
Quarterly |
Christmas Club |
1.76% |
None |
Quarterly |
High Yield Fund |
2.75% |
2500.00 |
Monthly |
Money Market**** |
3.25%
3.50%
3.75%
4.00% |
$5,000-$24,999
$25,000-$49,999
$50,000-$99,999
$100,000 + |
Monthly |
Rates listed above are the rates paid last quarter/month
Rates are subject to change at any time
* $199 combined savings balance required to avoid a minimum balance fee.
** $1,000 combined savings balance required to avoid a minimum balance fee.
*** $199 combined savings balance required to avoid a minimum balance fee.
**** $5,000 minimum balance required to avoid a minimum balance fee.
For information or details on how to open a savings account, call 800-321-8570 ext. 200
Federally Insured up
to $100,000 by
a U.S. Government Agency
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