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Loan & Mortgage Rates
Savings & Investment Rates
Fee Schedule
| Consumer Loans |
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Effective Date: April 19, 2010
Rate is Annual Percentage Rate. Rate is based on credit history and credit score. Rate shown is offered to members with excellent credit. The interest rate may increase based on current credit score. Rate may also vary based on age of collateral and term of loan. |
| Loan Type |
Term |
Rate |
| Automobiles New (2010-2009) |
36 Months |
4.00% |
| |
48 Months |
4.50% |
| |
60 Months |
5.00% |
| |
72 Months |
5.50% |
| Automobiles (2009) |
36 Months |
4.50% |
| |
48 Months |
5.00% |
| |
60 Months |
5.50% |
| |
72 Months |
5.75% |
| Automobiles (2008-2007) |
48 Months |
5.50% |
| |
60 Months |
6.00% |
|
72 Months |
6.25% |
| Titled Collateral Value Under $10,000.00 |
36 Months |
6.25% Used 5.25% New |
| (Recreational) |
48 Months |
6.50% Used 5.50% New |
|
60 Months |
6.75% Used 5.75% New |
|
72 Months |
7.00% Used 6.00% New |
| Titled Collateral Value Over $10,000.00 |
84 Months |
6.25% Used 5.00% New |
| (Recreational) |
96 Months |
6.50% Used 5.50% New |
| 5 Year Balloon will apply |
108 Months |
6.75% Used 5.75% New |
|
120 Months |
7.00% Used 6.00% New |
| Miscellaneous Collateral (New) |
36 Months |
6.25% |
| Miscellaneous Collateral (New) |
48 Months |
6.50% |
| Miscellaneous Collateral (2009-2007) |
48 Months |
7.50% |
| Miscellaneous Collateral (2006-2004) |
36 Months |
8.25% |
| Miscellaneous Collateral (2005) |
48 Months |
8.50% |
| Unsecured |
24 Months |
8.00% |
| |
36 Months |
11.00% |
| |
48 Months |
13.00% |
| Other Loans |
|
Effective Date: April 19, 2010
Rate is Annual Percentage Rate. Rate is based on credit history and credit score. Rate shown is offered to members with excellent credit. The interest rate may increase based on current credit score. Rate may also vary based on age of collateral and term of loan. |
| Loan Type |
Term |
Rate |
| Line of Credit |
|
13.50% |
| Visa Card |
|
12.50% |
| Notes |
|
14.00% |
| Share and Certificate Secured |
Up to 60 Months |
3.50% |
| |
Over 60 Months |
4.50% |
| Mortgage Loans |
|
Effective Date: April 19, 2010
Rate is Annual Percentage Rate. Rate is based on credit history and credit score. Rate shown is offered to members with excellent credit. The interest rate may increase based on current credit score. Rate may also vary based on age of collateral and term of loan. |
| Loan Type |
Term |
Rate |
| Vacant Land |
120 Months 5 Year Balloon |
6.50% |
|
180 Months 5 Year Balloon |
7.50% |
| Property and Mobile Home |
120 Months 5 Year Balloon |
7.50% |
|
180 Months 5 Year Balloon |
8.50% |
| Mobile Home (New) |
Up to 120 Months |
9.25% |
| Mobile Home (2009-2007) |
Up to 120 Months |
10.25% |
| Mobile Home (2006-2004) |
Up to 120 Months |
10.50% |
| We can lend up to 80% of the appraised value but not more than the purchase price. Fees apply for mortgage loans. |
All rates are stated in annual percentage rates.
Rates are subject to change without notice.
The rates are as low as the rates disclosed depending upon credit history and application.
Your rate may be higher.
Click here for our calculators
All accounts at Federal Employees of Chippewa County Credit Union are insured up to $100,000 by the NCUA, an agency of the Federal Government.
| Dividends |
| Effective Date: July 26, 2010 |
| Product |
Rate |
APY* |
Dividends Compounded |
Dividends Credited |
| Share Accounts, Christmas Club Accounts and Special Club Accounts |
.25% |
.25% |
Quarterly |
Quarterly |
Money Market
$5,000 - $24,999.99 |
.35% |
.35% |
Monthly |
Monthly |
Money Market
$25,000 - $49,999.99 |
.50% |
.50% |
Monthly |
Monthly |
Money Market
$50,000 - $99,999.99 |
.75% |
.75% |
Monthly |
Monthly |
Money Market
$100,000 and Above |
1.00% |
1.01% |
Monthly |
Monthly |
| IRA - Individual Retirement Accounts |
1.00% |
1.00% |
Quarterly |
Quarterly |
| Balance Requirements |
| Effective Date: July 26, 2010 |
| Product |
Minimum Opening Deposit |
Minimum Balance to Avoid a Service Fee |
Minimum Balance to Earn the Stated APY |
Balance Method |
| Share Accounts, Christmas Club Accounts and Special Club Accounts |
$5.00 |
$5.00 |
$5.00 |
Average Daily Balance |
| Money Market |
$5,000.00 |
$5,000.00 |
$5,000.00 |
Average Daily Balance |
| IRA - Individual Retirement Accounts |
n/a |
n/a |
n/a |
Average Daily Balance |
*APY is annual percentage yield.
Account transfer and withdrawal limitations may apply
| Certificates of Deposit |
| Effective Date: January 19, 2010 |
| Term |
Rate |
APY* |
| A minimum balance of $500.00 is required on all CD Accounts to earn interest. |
| 90 Day |
.50% |
.50% |
| 180 Day |
.75% |
.75% |
| 1 Year |
1.00% |
1.00% |
| 2 year |
1.75% |
1.76% |
| 3 Year |
2.50% |
2.53% |
| 5 Year |
3.00% |
3.04% |
*APY is annual percentage yield.
Interest is paid monthly.
Contact Member Services at (906) 632-4210 for more information.
Penalty applies on early withdrawal.
Federal Employees of Chippewa County Credit Union is committed to providing the highest quality products and the best possible services to our members.
The following fee information is provided as proof of our commitment.
Our low fees are just one of the many benefits of credit union membership.
| Checking Account |
| Effective Date: August 17, 2009 |
| Item |
Fee |
| Monthly Maintenance Fee |
No Fee |
| Personal Checks |
Call for current prices, or reorder checks online |
| Automatic Transfer from savings to cover overdraft within the same account number |
No Fee |
| NSF Overdraft Charge (checks, ACH, Debit Card) |
$10.00 per item |
| NSF Return Fee (checks, ACH) |
$15.00 per item |
| Stop Payment Fee |
$10.00 per item |
| NSF Deposited or Cashed |
$10.00 per item |
| Copy of Statement |
No Fee |
| Copy of Check |
$2.00 per item |
| Balance Checking Account |
$5.00 per hour |
| Online Connection (Internet Banking) |
No Fee |
| Payment Connection (Bill Payment) |
No Fee |
| ATM & Debit Card |
| Effective Date: May 1, 2007 |
| Item |
Fee |
| ATM Transactions: Free if using a CO-OP Network ATM Machine |
$2.00 per transaction |
| Debit Point of Sale Usage |
No Fee |
| Replacement Card |
$2.00 per item |
| Replacement Pin |
$2.00 per item |
| Debit Card Chargeback |
$20.00 per request |
| VISA Card |
| Effective Date: May 1, 2007 |
| Item |
Fee |
| Annual Fee |
No Fee |
| Late Fee |
$15.00 per account |
| Over Limit Fee |
$15.00 per account |
| Replacement Card |
$3.00 per item |
| Gift Cards |
$3.00 per item |
| Grace Period for repayment of balances for purchases is 25 days |
| General Fees |
| Effective Date: February 5, 2009 |
| Item |
Fee |
| Money Orders |
$1.00 per item |
| VISA Travel Cards |
$5.00 per item |
| Outgoing Wire (Domestic) |
$10.00 per item |
| Outgoing Wire (International) |
$20.00 per item |
| Loan Extension |
$25.00 per item |
| Cashier Checks |
$1.00 per item |
| Stop Payment (Money Orders) |
$12.00 per item |
| Deposited NSF or Cashed Item |
$10.00 per item |
| Phone Connection (Telephone Teller) |
No Fee |
| Daily Account Overdraft Fee |
$10.00 per day |
| Research Fee |
$25.00 |
| Garnishment and Levy Processing |
$25.00 |
| Copy Machine Copies |
No Fee |
| Notary Service |
No Fee |
| Fax Service |
No Fee |
Fees are subject to change at anytime per Board of Directors approval.
Federal Employees of Chippewa County CU
119 E. Water Street
Sault Ste. Marie, Michigan
49783
(906) 632-4210
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