Home Banking

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: August 1, 2017
Term Used APR* (as low as) New APR* (as low as)
Up to 60 Months 1.99% 1.99%
61-72 Months 2.24% 2.24%
73-84 Months 3.99 3.99
* 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, Auto Pay and Gap or Credit Life or Disability. New 2016-2017 110% Nada, Used 2011-2015 100% Nada, 2007-2010 90% Clean Retail Nada, 2006 and older 80% Clean Retail Nada add 4% 48 month Max.  73-84 months at $25000+
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: August 1, 2017
Year NADA
2016-2017  New Car Up To 110% Nada
2011-2015 Used Cars 100% Nada Clean Retail
2007- 2010 Used Cars Up to 90% Nada Clean Retail
2006 & Older Up to 80% Nada Clean Retail
73-84 Months $25,000 +

Savings Rates

Share Rates
Effective Date: August 1, 2017
Name APY
Share Account 0.005%
Holiday Club Account 0.005%
Vacation Club Account 0.005%
Secondary Share Account 0.005%
$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 0.025%
$2,500 Minimum Balance
IRA Share Account 0.015
No minimum deposit required
Term Certificates
Effective Date: January 4, 2016
Term Opening Balance *APY
6 Month $1,000.00 0.075%
$500.00 0.025%
12 Month $1,000.00 0.125%
$500.00 0.025%
18 Month $1,000.00 0.150%
$500.00 0.025%
24 Month $1,000.00 0.20%
$500.00 .075%
36 Month $1,000.00 0.325%
$500.00 0.20%

* Term Certificates may have early withdraw penalty.

IRA Certificates
Effective Date: August 1, 2017
Term Opening Balance *APY
6 Month $1,000.00 0.0075%
12 Month $1,000.00 0.125%
18 Month $1,000.00 0.15%
24 Month $1,000.00 0.20%
36 Month $1,000.00 0.325%

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

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