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Police Federal Credit Union
Rates and Fees

Schedule Of Rates - effective April 01, 2014


Share RatesRateAPY*
Share/Savings Account ($5 min. deposit^)0.15%0.15%
Sub-Share Account0.15%0.15%
Money Market Accounts ($250 min. balance^)
Balance $250 - $4,9990.20%0.20%
Balance $5,000 - $9,9990.25%0.25%
Balance $10,000 - $24,9990.35%0.35%
Balance $25,000 - $49,9990.40%0.40%
Balance $50,000 - $99,9990.40%0.40%
Balance $100,000+0.40%0.40%
Club Account ($5 min. deposit^)0.50%0.50%
Benefits Plus Checking Account0.12%0.12%
Basic Checking Account0.06%0.06%
Share Certificates ($1000 min. deposit^)
6-Month0.45%0.45%
12-Month0.55%0.55%
24-Month0.95%0.95%
36-Month1.24%1.25%
48-Month1.74%1.75%
.
Individual Retirement Accounts (IRA)
Traditional, Roth, and SEP
.
IRA Share Account ($25 min. balance^)1.00%1.00%
IRA Share Certificates ($500 min. deposit^)
12-Month0.55%0.55%
24-Month0.95%0.95%
36-Month1.24%1.25%
48-Month1.49%1.50%
60-Month1.98%2.00%
12-Month Add-on ($100 min. deposit^)2.47%2.50%
.
Coverdell (Educational Savings Account)
.
Coverdell Share Account ($25 min. balance^)1.00%1.00%
Coverdell Share Certificates ($250 min. deposit^)
12-Month0.55%0.55%
24-Month0.95%0.95%
36-Month1.24%1.25%
48-Month1.49%1.50%
60-Month1.98%2.00%
12-Month Add-on ($100 min. deposit^)2.47%2.50%
.

•  *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 2013-2014 contributions - maximum deposit $6,000 per tax year.
•  ^ Minimum balance regulations:
    -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 - $1000 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.
        Additional account information may be provided upon opening certain accounts.
 


Loans 
 Rates as low as
Signature / Unsecured / Bill Consolidation (Loan amt. based on income & credit score)
Up to 36 months8.74%
37-48 months9.24%
49-60 months10.24%
61-72 months11.24%
Share Secured Loan (up to 120 months)3.00% above dividend rate
Money Market Secured3.00% above dividend rate
Certificate Secured3.00% above dividend rate
Annual Percentage Rate (APR) for unsecured loan rates shown above reflect a 0.25% discount for Direct Deposit, $1,000 or more monthly.
.
Back Up Line of Credit9.24%
Home Equity (up to 60 months, up to 80% loan to value)3.99%
Home Equity (up to 180 months, up to 80% loan to value)4.74%
Home Equity (up to 60 months, up to 90% loan to value)4.99%
Home Equity (up to 180 months, up to 90% loan to value)5.74%
Home Equity Line of Credit - (Prime minus 1.5%)5.00%
.
Autos & Motorcycles - New & Used (up to $100K) 2008-2014
Up to 60 months (100% financing)1.49%
61-72 months (100% financing)1.49%
73-84 months (100% financing)2.49%
Older than 2008
Up to 60 months (100% financing)3.49%
61-72 months (100% financing)3.49%
73-84 months (100% financing)4.49%
**Motorcycles are just 1.00% more than autos**
.
RVs & Boats - New
Up to 84 months7.00%
85 - 144 months7.50%
RVs & Boats - Used^
Up to 84 months7.50%
85 - 144 months8.00%
.
Visa Credit Card - Platinum Rewardsvaried by prime
Visa Credit Card - Gold12.49%

•  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.
•  For Auto Loans, financing over 100% of value may be possible.  Ask for rate and details; restrictions apply. Advertised rate reflects financing for 2008-2014 model year vehicles for up to a 60 month term, includes a 0.25% discount for Direct Deposit of $1,000, or more monthly, and automatic payments.
•  Auto Loan Payment Example: On a $20,000 auto loan, at 0.99% APR for 60 months, your monthly payments = $341.79. Certain restrictions apply. Other rates and terms available. Contact Police FCU for details. Current Police FCU loans not eligible for refinance.
•  Terms and possible down payment requirements are determined by borrower's credit score.
•  For RVs & Boat Loans, Annual Percentage Rate (APR) shown reflects a 0.25% discount for Direct Deposit, $1,000 or more monthly. 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 until April 1. 20% down payment normally required plus taxes and tags.
•  For Home Equity Line of Credit rates are variable and based on The Wall Street Journal Prime Rate plus/minus a margin, adjusted each quarter.  The minimum APR is 5%; the maximum APR is 18%.  Other rates and terms are available. 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 $1,200 for a loan amount of $50,000 depending on the cost of the appraisal, title work, recording fee and mortgage taxes, if any. This estimate includes fees which may be paid by the Credit Union. Please ask for details. Consult your tax advisor regarding the deductability of interest.
•  For Closed End Home Equity Loans: Sample monthly loan payment based on a $50,000 home equity loan at 4.74% for 180 months is equal to a monthly payment of $389.



 

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