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Police Federal Credit Union
Rates and Fees

Schedule Of Rates - effective November 1, 2016


Share RatesRateAPY*

•  *APY=Annual Percentage Yields are subject to change without notice.
•  Penalties for early withdrawal on term share accounts.
•  Rates on deposit accounts and specified certificate accounts may change after opening.
•  Police Federal Credit Union reserves the right to discontinue or modify offers at any time.
•  Fees may reduce earnings.
•  IRAs, eligible for 2015-2016 contributions - maximum deposit $5,500 per tax year.
•  ^ Minimum balance requirements:
    - Share/Savings Account - $5 min. opening deposit and balance to maintain account.
    - Money Market Accounts - $250 min. opening deposit and balance to maintain and earn the advertised
     annual percentage yield.
    - Club Account - $5 min. opening deposit and balance to maintain account.
    - Share Certificates - $500 min. opening deposit.
    - IRA Share Account - $25 min. opening deposit and balance to maintain account.
    - IRA Share Certificates - $500 min. opening deposit.
    - 12-Month Add-on - $100 min. opening deposit and balance to maintain account.
    - Coverdell Share Account - $25 min. opening deposit and balance to maintain account.
    - Coverdell Share Certificates - $250 min. opening deposit.
    - 12-Month Add-on - $100 min. opening deposit and balance to maintain account.

    # Limited time offer 36 month Share Certificate at 2.00% APY with PFCU checking account and $500 new funds on deposit.
    + No min. deposit required. 3.04% APY earned on balances of up to $3,000. 0.12% APY earned on any balance over $3,000.00. APY as of 11/1/16; yield is variable and subject to change without notice. Benefits Plus monthly subscription charge = $4.95. One account per member.
        Additional account information may be provided upon opening certain accounts.
 


Loans 
 Rates as low as

•  APR= Annual Percentage Rate.  Rates are subject to change at anytime without notice. Rates and terms are based on applicant(s) credit history. Your actual rate may vary.
•  Holiday Loans available from October 1, 2016 until December 31, 2016 with up to 2.50% rate reduction from qualifying rate.  Loan amount, repayment term, and interest rate based on credit qualification.  Other fees and restrictions may apply.

•  For Auto Loans:  Financing over 100% of value available based on eligibility.  Ask for rate and details; restrictions apply. Terms and possible down payment requirements are determined by borrower's credit score. Advertised rate reflects financing for 2011-2017 model year vehicles for up to a 72 mo. term, includes a 1.50% cumulative reduction for Direct Deposit, Automatic Loan Payments, Law Enforcement Retiree,  Benefits Plus Member, 15% or > Down Payment and PFCU Visa Cardholder, New Member Sponsorship, New Checking or Club Account, New Share Certificate, or CardNavSM (0.25% rate reduction per eligible discount).
•  Loan Example: On a $20,000 auto loan, at 1.24% APR for 72 months, your monthly payments = $288.38. Other rates and terms available. Current PFCU auto loans not eligible for refinance. Interest accrues from the date the loan is funded.
•  Terms and possible down payment requirements are determined by borrower's credit score.
•  For Boats & RV loans:  Advertised rate reflects a 1.50% cumulative reduction with the following discount options: Direct Deposit, Automatic Loan Payments, Law Enforcement Retiree, Benefits Plus Member, 15% or > Down Payment, and PFCU Visa Cardholder. (0.25% rate reduction per eligible discount). Loan amount must be $15,000+ for > 60 months term; $30,000+ for > 84 months term and $40,000+ for >120 term. Previous year models are considered new if untitled. 20% down payment normally required plus taxes and tags.
• For Home Equity Line of Credit: Rate shown is for 80% loan to value (LTV). Rates are based on LTV and credit history. Owner occupied properties only. Property appraisal required. Property insurance is, and flood insurance may be, required. Fees paid to third parties to open your account are estimated to range from $850 to $2,500 depending on the cost of the appraisal, title work, recording fees and taxes. For lines of credit of $25,000 or more, Police FCU will pay $500 towards these costs. Monthly payments for the first 5 years are 1.25% of the balance. Minimum payment is $125. Payments will be amortized over 10 years when the draw period expires. Consult your tax advisor regarding deductibility of interest.

 




 

9100 Presidential Pkwy, Upper Marlboro, MD 20772 :: Phones: (301) 817-1200, (877) ARU-PFCU, (877) 278-7328 :: Fax: (301) 817-1230
Hours of Operation: Upper Marlboro Branch - M-F 9am-4pm (drive-thru M-F 8am-6pm; Sat. 8:30am-12:30pm); DC Branch - M-F 8am-3pm