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Rates & Fees

Loan & Mortgage Rates

Consumer Loans
Effective Date: January 24, 2017 

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
New Auto  48 Months 2.00%
  60 Months 2.00%
  72 Months 2.25%
  78 Months 2.50%
Used Auto (2016-2015) 48 Months 2.25%
  60 Months 2.50%
  72 Months 2.75%
Used Auto (2014-2013-2012-2011) 48 Months 2.75%
  60 Months 2.75%
  72 Months 3.00%
Used Auto (2010-2009-2008) 48 Months 3.50%
  60 Months 4.00%  
  72 Months 4.50%  
Used Auto (2007-2006-2005) 48 Months 4.50%  
  60 Months 5.00%  
Recreational Collateral   72 Months 2.50% NEW 3.50% USED
(for financing over 72 months the collateral MUST meet requirements and be valued at over $12,000.00) 84 Months 5 Year Balloon 3.00% NEW 4.00% USED
(5 year balloon will apply for all terms over 72 Months) 108 Months 5 Year Balloon 3.00% NEW 4.00% USED
  120 Months 5 Year Balloon 3.00% NEW 4.00% USED
Unsecured 12 Months 4.99%
  24 Months 5.49%
  36 Months 5.99%
  48 Months 6.49%
     
     
     
     


 

Other Loans
Effective Date: January 24, 2017 

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%
Shares and Certificate Secured Up to 60 Months 3.00%
  Over 60 Months 4.00%


 

Mortgage Loans
Effective Date: January 24, 2017 

Please contact the Credit Union for mortgage options.

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 5.49%
  180 Months 5 Year Balloon 5.99%
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.

We do business in accordance with the Federal Fair Housing Law.

Click here for our calculators


Savings & Investment Rates

All accounts at Federal Employees of Chippewa County Credit Union are insured up to $250,000 by the NCUA, an agency of the Federal Government.

Dividends
Effective Date: January 24, 2017
Product Rate APY* Dividends Compounded Dividends Credited
Share Accounts, Christmas Club Accounts and Special Club Accounts .10% .10% Quarterly Quarterly
Money Market
$5,000 - $24,999.99
.10% .10% Monthly Monthly
Money Market
$25,000 - $49,999.99
.15% .15% Monthly Monthly
Money Market
$50,000 - $99,999.99
.20% .20% Monthly Monthly
Money Market
$100,000 and Above
.30% .30% Monthly Monthly
IRA - Individual Retirement Accounts .50% .50% Quarterly Quarterly


 

Balance Requirements
Effective Date: January 26, 2016
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 24, 2017
Term Rate APY*
A minimum balance of $500.00 is required on all CD Accounts to earn interest.
90 Days 0.20% 0.20%
180 Days 0.25% 0.25%
1 Year 0.30% 0.30%
2 Year 0.60% 0.60%
3 Year 0.80% 0.80%
5 Year 1.00% 1.00%
*APY is Annual Percentage Yield. Interest paid monthly. Contact Member Services at 906-632-4210 for more information. Penalty applies on early withdrawal.


Fee Schedule

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: March 1, 2017
Item Fee
Inactive Checking Account Fee $5.00 per quarter
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) $15.00 per item
NSF Return Fee (checks, ACH) $15.00 per item
Stop Payment Fee $15.00 per item
NSF Deposited or Cashed $25.00 per item
Copy of Statement Current Month No Fee / $2.00 Per Month 
Copy of Check $2.00 per item
Balance Checking Account $5.00 per hour
Online Banking and Mobile Banking No Fee
Online Bill Payment No Fee
 
ATM & Debit Card
Effective Date: March 1, 2017
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 $5.00 per item
Replacement PIN $2.00 per item
Debit Card Chargeback $25.00 per request
 
General Fees
Effective Date: March 1, 2017
Item Fee
Money Orders $1.50 per item
VISA Travel Cards $5.00 per item
Outgoing Wire (Domestic) $15.00 per item
Outgoing Wire (International) $30.00 per item
Loan Extension $25.00 per item
Cashier Checks $1.50 per item
Stop Payment (Money Orders) $12.00 per item
Deposited NSF or Cashed Item $25.00 per item
Inactive Savings Account Fee $5.00 per quarter
Daily Account Overdraft Fee $10.00 per day
Research Fee $25.00
Garnishment and Levy Processing $25.00
Copies and Fax Service No fee for first 5 pages - $1.00 per page
Notary Service No Fee for Members - $5.00 per occurrence
Statement Print-out and Fax Request Fee (max 10 pages) $2.00 per request

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