|
|
Dividend Rates
| Regular
Share Account: |
| Account
Balance Ranges |
Dividend
Rates* |
Annual
Percentage
Yields (APY)** |
| $ 0
- |
$ 50.00 |
NONE |
N/A |
| 50.01
- |
2,500.00 |
3.00%
|
3.03% |
| 2,500.01
- |
10,000.00 |
3.25%
|
3.29% |
| 10,000.01
- |
25,000.00 |
3.50%
|
3.54% |
| 25,000.01
- |
50,000.00 |
3.75%
|
3.80% |
| 50,000.01
- |
100,000.00 |
4.00%
|
4.06% |
| 100,000.01
- |
and
up |
4.25%
|
4.32% |
|
| Share
Draft Account: |
| $ 0
- |
$ 50.00 |
NONE |
N/A |
| 50.01
- |
2,500.00 |
2.00% |
2.02% |
| 2,500.01
- |
10,000.00 |
2.25% |
2.27% |
| |
and up |
2.50%
|
2.52%
|
|
*Dividend Rates are established by the Board of Directors
and are subject to periodic change, normally each quarter,
based on current economic conditions and credit union earnings.
**(APY) - Annual Percentage Yield assumes reinvestment of
principal and dividends on a quarterly basis for one year
at the stated dividend rate. Dividends are calculated and
paid at the end of each quarter on all accounts with a balance
in excess of the $50.00 full share amount, utilizing the
ACTUAL DAILY BALANCE, and a 365- DAY YEAR (366 days in a
leap year). The credit union calculates dividends on the
full balance in the account each day at the stated dividend
rate that corresponds to the applicable share balance range.
(APYE) - Annual Percentage Yield Earned is calculated at
the end of each Quarter (Dividend Period), utilizing the
AVERAGE DAILY BALANCE and a 365-DAY YEAR (366 days in a
leap year). The (APYE) is printed on your Quarterly Statement
as a percentage and may differ from the (APY).
Funds earn dividends from the day of deposit until day of
withdrawal. An account closed during the quarter will earn
no dividend for the quarter.
If you have any questions or need any additional information,
please contact the credit union office.
|
Loan Rates
| Loan
Type |
Loan
Rate |
| Share
Secured |
5.50%-APR* |
| Character/Unsecured |
10.75%-APR* |
| Visa
® Classic Credit Card |
Call
for Details |
| New
Automobile/Truck |
| |
1.
Less than 20% Down-Up to 100% Financing** |
6.00%-APR* |
|
2.
20% or More Down-Up to 80% Financing** |
5.50%-APR* |
| Used
Automobile/Truck |
|
1.
Less than 3 Years Old-Up To 100% Financing** |
6.50%-APR* |
|
2.
More than 3 Years Old-Up to 90% Financing** |
7.00%-APR* |
| New
Recreational Vehicle-Up to 90% Financing** |
6.00%-APR* |
| Used
Recreational Vehicle-Up to 90% Financing** |
7.00%-APR* |
| New
Watercraft & Trailer |
|
1.
Less than 20% Down-Up to 90% Financing** |
6.00%-APR* |
|
2.
20% or more Down-Up to 80% Financing** |
5.50%-APR* |
| Used
Watercraft & Trailer-Up to 80% Financing** |
7.00%-APR* |
| Motorcycle-Up
to 90% Financing** |
6.50%-APR* |
| Stocks
and Bonds |
5.75%-APR* |
| New
Mobile Home-Up to 90% Financing** |
6.75%-APR* |
| Residential
- Home Loans: |
|
1.
First Trust Deed: |
|
A.
1-15 yr. Maturity |
5.50%-APR* |
| |
B.
16-30 yr. Maturity |
6.00%-APR* |
|
C.
Jumbo Loans $425,000-$650,000 |
6.75%-APR* |
|
2.
Second Trust Deed |
7.75%-APR* |
* Annual Percentage Rate (APR)
** Excludes cost for tax and license
The maximum loan rate the credit union can charge by law
is 18%.
There are no points charged on our Real Estate Loans and
no prepayment penalties on any credit union loan.
All Loan interest is calculated utilizing the "Simple Interest"
Method, which is the least expensive way to borrow.
The credit union provides financing for the purchase of
vehicles, boats, and motorcycles. We do not refinance existing
loans of this type.
|
|
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Copyright
2000-2006 LBCEFCU ·  · |
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