| Share Rates | |||
|---|---|---|---|
| Account Type | Minimum Dividend Balances | Dividend Rates | APY* |
| Regular Shares (Savings) | $100 | .05% | .05% |
| IRA | $100 | .15% | .15% |
| Drafts/Checking | $100 | .00% | .00% |
| Escrow | $100 | .05% | .05% |
| Holiday Club | $100 | .10% | .10% |
- All rates effective as of August 1st, 2020.
- All share account dividends are earned on the average daily balance (unless otherwise noted) and are posted and compounded monthly. All share account rates are Variable Rates (unless otherwise noted).
- *APY stands for Annual Percentage Yield. Certain assumptions apply. See our Truth-In-Savings disclosure concerning dividend calculation methods and restrictions. Rates are subject to change. Not responsible for typographical errors or omissions.
- Fees may reduce the earning on the account.
- Rates may change after the account is opened.
- On Club Accounts an early withdrawal penalty may be imposed.
*Annual Percentage Yields (APY) are subject to change.
These rates are variable and are determined at the discretion of the ALM committee.
Dividends are compounded daily and posted monthly.
| IRA & Share Certificate Rates | ||||
|---|---|---|---|---|
| Account Type | Minimum Deposit Balances | Dividend Rate | APY* | Penalty |
| 6 Month | $500 | 0.25% | 0.25% | 30 Days Dividends |
| 12 Month | $500 | 0.35% | 0.35% | 30 Days Dividends |
| 18 Month | $500 | 0.55% | 0.55% | 90 Days Dividends |
| 24 Month | $1,000 | 0.60% | 0.60% | 90 Days Dividends |
| 36 Month | $1,000 | 0.60% | 0.60% | 90 Days Dividends |
| 48 Month | $1,000 | 0.75% | 0.75% | 120 Days Dividends |
| 60 Month | $10,000 | 0.80% | 0.80% | 120 Days Dividends |
All rates effective as of November 13, 2020, all rates are subject to change.
- Fees may reduce earnings on the account and an early withdrawal penalty may be imposed
- All certificate dividends are earned on the actual certificate balance (unless otherwise noted) and are posted and compounded monthly. Penalties exist for early withdrawal.
- Ten days before maturity a notice will be sent for you to decide what action you want. Otherwise the certificate will be rolled for the same term with the new current rate.
- Member has the option to have dividends transferred to share account, or check mailed.
- *APY stands for Annual Percentage Yield. Certain assumptions apply. See our Truth-In-Savings disclosure concerning dividend calculation methods and restrictions. Rates are subject to change. Not responsible for typographical errors or omissions.
- Minimum Deposit Balance will earn the APY.
*APY stands for Annual Percentage Yield; Share Certificate of Deposit Annual Percentage Yields (*APY) are subject to change without notice. Penalty will be imposed for early withdrawals. Share certificates are calculated using a daily balance method and credited monthly.
| Money Market Account Rates | |||
|---|---|---|---|
| Account Type | Minimum Deposit & Balances | Dividend Rates | APY* |
| Money Market | $1,500 - $9,999 | 0.10% | 0.10% |
| $10,000 - $49,999 | 0.15% | 0.15% | |
| $50,000 -$99,999 | 0.20% | 0.20% | |
| $100,000 or greater | 0.30% | 0.30% | |
*APY stands for Annual Percentage Yield
- All rates effective as of August 1st, 2020, all rates are subject to change.
- Rates are subject to change and differ from when an account is opened.
- Funds earn dividends from the first business day of deposit and are compounded daily and posted monthly. Money Market dividends are calculated on the full balance using the highest applicable dividend rate. Accrued dividends are forfeited if account is closed prior to monthly dividend posting. Fees or other conditions may reduce earnings. Refer to TFCU’s Truth-in-Savings Disclosure and Account Agreement and Schedule of Fees and Service Charges.
Share Certificate of Deposit Annual Percentage Yields (*APY) are subject to change without notice. Penalty will be imposed for early withdrawals. Share certificates are calculated using a daily balance method and credited monthly.
Minimum Balance is $1,500.00 to avoid service fee. Balances below $1,500 will revert to regular savings rate.
| Loan Rates | |||
|---|---|---|---|
| Loan Type | Rate Type | APR** | Terms |
| Credit Card Mastercard® | Fixed | 9.9%-13.9% | APR - 9.9%-13.9% |
| Grace period for repayment of the balances for purchases - 20 days. Method of computing balance - Average Daily Balance(including new purchases). Minimum finance charge - none. Transaction fee for purchases - none. No Annual Fee. | |||
| Anything Loan (Special) | Fixed | As low as 4.99% | Terms from 12 to 18 months |
| Signature | Fixed | As low as 7.99% | Terms from 12 to 60 months with Direct Deposit |
| New & Used Vehicle | Fixed | As low as 1.99% | Terms from 24 to 84 months with Direct Deposit |
| New & Used Recreational | Fixed | As low as 4.99% | If directed or deducted thru payroll and other rewards |
| Shared Secured | Fixed | 3% above share or certificate pledged. | IRA's no eligible |
| Overdraft Loan Protection | Fixed | As low as 13.5% | Payment is 10% of balance monthly |
** APR stands for Annual Percentage Rate
- Effective, November 16 2020
- Loans are subject to credit approval
- All loan rates are stated as annual percentage rates and are subject to change.
- Membership is required.
Loan Payment Example:
A $20,000 loan with a rate of 4.99% APR for 60 months will generate a monthly payment of approximately $377.37. No insurance included.
Equity Lines of Credit & Loans
| APR** | Type | Terms |
|---|---|---|
| 2.99% | Fixed | Terms from 5 to 20 years |
| 2.75% | Variable HELOC | Terms from 10 to 20 years based on Prime Rate *Up to 5 year Draw Period |
** APR stands for Annual Percentage Rate
November 16, 2020 – all rates are subject to change.
Credit is subject to approval, not all applicants will qualify. A home equity line of credit or loan is secured by a first or second mortgage lien on your home, which must be one-to-four family residential real estate.
The minimum line of credit/loan amount is $10,000, and the maximum line of credit/loan amount is $350,000. First advance is $1,000.00 and $500.00 minimum required thereafter. If applicable add loan fees and closing costs vary up to $1000. Flood and /or property hazard insurance may be required. Other restrictions may apply.
Sample Payment:
A $50,000 home equity loan with a rate of 4% APR for 180 months will generate a monthly payment of approximately $369.94. Insurances and Taxes not included.
