Savings/Accounts Rates  |  Savings/Accounts Rate Information  |  Loan Rates  |  Loan Rate Information

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Rate Information

The Dividend Rate and Annual Percentage Yield on your accounts are set forth above.  The dividend Rate and Annual Percentage Yield may change monthly as determined by the Board of Directors. Tiering Method A pays the stated dividend rate that corresponds to the applicable account balance tier on the full balance in the account.

The Dividend Rate and Annual Percentage Yield stated above are effective as of July 1, 2008.

Nature of Dividends

Credit unions are unique financial institutions.  You are an owner of this credit union.  The money you put into your credit union represents an equity interest.  Legally, it is more like buying stock than making a deposit.  That's why credit unions call the returns you earn on your accounts dividends rather than interest. Our Board of Directors declares dividends based on current income and available earnings of the Credit Union.  The Dividend Rate and Annual Percentage Yield are the prospective rates and yields that the Credit Union anticipates paying for the applicable dividend period.

Compounding and Crediting

Dividends will be compounded and credited as set forth above.  The Dividend Period for all accounts is monthly beginning on the first calendar day of the month and ending on the last calendar day of the month.

Accrual of Dividends

Dividends will begin to accrue on noncash deposits (e.g. checks) on the business day you make the deposit to your account.  If you close your account before accrued dividends are credited, accrued dividends will not be paid.  Fees could reduce the earnings on the account.

Balance Information

The minimum balance required to open each account is set forth above.  The minimum monthly balance required to maintain to avoid a service fee is $500.  Dividends are calculated by the average daily balance method which applies a periodic rate to the average daily balance in the account for the period.  The average daily balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period.  Fees could reduce earnings on the account.

Transaction Limitations

The account limitations for each account are set forth above.  For Share Accounts, transaction limitations will apply.  No more than six pre-authorized; automatic; or telephone transfers may be made from these accounts to another account of yours or to a third party in any month.

Share Certificate terms are set forth above.  A penalty will or may be imposed on Share Certificates for early withdrawal.

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Loan Rates - Effective 03/01/2008
Type		Term	Daily Periodic Rate	Annual Percentage Rate
Share Secured		N/A	0.015068%	5.50%
Vehicles	Up to 5 years old	36 months	0.015890%	5.80%
		48 months	0.016410%	5.99%
		60 months	0.019150%	6.99%
		72 months	0.021232%	7.75%
	6 years and older	36 months	0.028767%	10.50%
Cars of Particular Interest		N/A	0.027397%	10.00%
Stock/Horse Trailers		60 months	0.023972%	8.75%
RVs	New	60 months	0.019863%	7.25%
		180 months	0.021232%	7.75%
	Used	60 months	0.022602%	8.25%
		120 months	0.023972%	8.75%
Boats	New	60 months	0.019863%	7.25%
		72 months	0.021232%	7.75%
	Used	48 months	0.022602%	8.25%
		60 months	0.023972%	8.75%
Motorcycles/Jet Skis	New	60 months	0.021232%	7.75%
	Used	48 months	0.023972%	8.75%
Other Secured		48 months	0.032191%	11.75%
Signature		48 months	0.035589%	12.99%
Overdraft Protection*			0.049315%	18.00%
*Transfer increments: $50.00; Minimum payment: $25.00; Payment due: 30th of each month

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Skip Payment

We offer a "Skip Payment" program each June and November.  If you qualify, you will be able to skip your monthly payment and use those funds as you wish.  Interest will continue to accrue on your principal balance.  Your regular payment will resume in the following month.

Certificate-Secured Advances

The annual percentage rate for certificates of deposit-secured advances will be 2% above the interest rate being paid on the certificate used as security rounded upward to the nearest 1/4%.  The security for the certificate-secured advances must be maintained to the extent of the unpaid balance of the advance.  If the security is not maintained as required, you will be in default under this plan.  The APR may change each time the certificate matures and the loan contract will be renegotiated at that time.  The APR and Daily Periodic Rate will be disclosed on the voucher accompanying the advance or on the renegotiated loan contract.

Late Charges

You may be charged a late fee of $20.00 on payments received after the 15th of the month following payment due date.

Collection Costs

You promise to pay all costs of collecting the amount owed under this agreement including court costs and reasonable attorney fees.

Loan Application

On your first loan application, you will be charged $10.00.  This is nonrefundable.

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