Rates

Loan Rates

*All Rates and Conditions are subject to change without prior notice. Additional charges could apply such as late payment fees and/or fees listed in contractual agreement. See branch for more details.  Advertised rates reflect as low as annual percentage rate.  Rates will be based on applicant creditworthiness.

Auto, Truck, Van & Motorcycle Loans – TITLED
Effective Date: January 4, 2016
Term Used APR* (as low as) New APR* (as low as)
24 Months 1.99% 1.99%
36 Months 1.99% 1.99%
48 Months 1.99% 1.99%
60 Months 1.99% 1.99%
72 Months 2.24% 2.24%
84 Months 2.99% 2.99%
* Model years 10 years old or less in NADA. See branch for more details.  Advertised rates include Relationship Discount and as low as annual percentage rate.  Rates will be based on applicant creditworthiness.  Relationship Discount includes Direct Deposit and Automatic Payments from MNFCU account.
Boat, Motor Home and Travel Trailer Rates – TITLED
Effective Date: January 4, 2016
Term APR* (as low as)
60 Months  up to $10000 4.99%
120Months $10,000-$20000 5.24%
144 Months $20,000-$30,000 5.49%
180 Months  $30,000 + 5.74%
Rates subject to change. . See branch for more details. Advertised rates include Relationship Discount and as low as annual percentage rate.  Rates will be based on applicant creditworthiness.  Relationship Discount includes Direct Deposit and Automatic Payments from MNFCU account.
Jet Ski / Snowmobiles / ORVs / Camper Tops, etc. – NON-TITLED
Effective Date: Tuesday, January 4, 2016
Term APR* (as low as)
36 Months 4.990%
60 Months 4.990%
72 Months 4.990%
Rates subject to change. 10% Down Payment on new and used loan. See branch for details. Advertised rates include Relationship Discount and as low as annual percentage rate.  Rates will be based on applicant creditworthiness.  Relationship Discount includes Direct Deposit and Automatic Payments from MNFCU account.
Home Equity and 2nd Mortgage Loans
Effective Date: Tuesday, September 26, 2016
Details
Fixed & Variable Rates with Closed End or Line of Credit – Please call for current rates!
Share Secured Loans
Effective Date: Tuesday, January 4, 2016
Term APR* (as low as)
180 months Variable rate-maximum 180 months
Unsecured Loans
Effective Date: January 4, 2016
Term APR* (as low as)
12 Months 7.990%
24 Months 7.990%
36 Months 7.990%
48 Months 7.990%
60 Months 7.990%
Rates subject to change. See branch for more details.
MasterCard
Effective Date: January 4, 2016
Name APR* (as low as)
MasterCard & Share Secured MasterCard

9.750%

Other APRs Balance Transfer: as low as 9.75% APR
Cash Advances: as low as 9.75% APR
Annual Fee None
Grace Period 25 Days
Balance Calculation Method For Purchases Average Daily Balance (including new purchase)
Late Payment Fee $10.00
Minimum Finance Charge $0.50
These disclosures are accurate as of March 2015. They are subject to change periodically. Contact the credit union at (248) 674-0491 or write to us at 4594 Pontiac Lake Road, Waterford, MI 48328 for information on any changes to the above disclosure.
Revolving Loans
Effective Date: January 4, 2016
APR* (as low as)
12.500%
Overdraft Line of Credit Loans
Effective Date: January 4, 2016
APR* (as low as)
15.000%
Vehicle Loan Terms
Effective Date: January 4, 2016
Year Term
2015-2016 New Car Up to 84 Months
2007- 2014 Used Cars Up to 72 Months
2006 and Older Up to 60 Months
All Cars Relationship Discount Available
Rates subject to change. See branch for details. 10% Down Payment on 2006 and older models.

Savings Rates

Share Rates
Effective Date: January 4, 2016
Name APY
Share Account 0.010%
Holiday Club Account 0.010%
Vacation Club Account 0.010%
Secondary Share Account 0.010%
$5.00 Minimum Deposit to open account. Under age 18 will receive dividends on balances less than $100.00.
Members 18 and older must have minimum balance of $100.00 to receive dividends.
Money Market Account 0.050%
$2,500 Minimum Balance
IRA Share Account 0.300%
No minimum deposit required
Term Certificates
Effective Date: January 4, 2016
Term Opening Balance *APY
6 Month $1,000.00 0.150%
$500.00 0.050%
12 Month $1,000.00 0.250%
$500.00 0.050%
18 Month $1,000.00 0.300%
$500.00 0.050%
24 Month $1,000.00 0.400%
$500.00 0.150%
36 Month $1,000.00 0.650%
$500.00 0.400%

* Term Certificates may have early withdraw penalty.

IRA Certificates
Effective Date: January 4, 2016
Term Opening Balance *APY
6 Month $1,000.00 0.150%
12 Month $1,000.00 0.250%
18 Month $1,000.00 0.300%
24 Month $1,000.00 0.400%
36 Month $1,000.00 0.650%

* APY- Annual percentage yield
* APR- Annual percentage rate

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