Schedule Of Rates - effective February 01, 2012
| Share Rates | Rate | APY* |
| Share/Savings Account ($5 min. deposit^) | 0.20% | 0.20% |
| Sub-Share Account | 0.20% | 0.20% |
| Money Market Accounts ($250 min. balance^) | ||
| Balance $250 - $4,999 | 0.25% | 0.25% |
| Balance $5,000 - $9,999 | 0.30% | 0.30% |
| Balance $10,000 - $24,999 | 0.40% | 0.40% |
| Balance $25,000 - $49,999 | 0.45% | 0.45% |
| Balance $50,000 - $99,999 | 0.50% | 0.50% |
| Balance $100,000+ | 0.55% | 0.55% |
| Club Account ($5 min. deposit^) | 0.50% | 0.50% |
| Checking Account | 0.10% | 0.10% |
| Share Certificates ($1000 min. deposit^) | ||
| 6-Month | 0.50% | 0.50% |
| 12-Month | 0.65% | 0.65% |
| 24-Month | 0.95% | 0.95% |
| 36-Month | 1.24% | 1.25% |
| 48-Month | 1.49% | 1.50% |
| 60-Month | 1.98% | 2.00% |
| . | ||
| 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-Month | 0.65% | 0.65% |
| 24-Month | 0.95% | 0.95% |
| 36-Month | 1.24% | 1.25% |
| 48-Month | 1.49% | 1.50% |
| 60-Month | 1.98% | 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-Month | 0.65% | 0.65% |
| 24-Month | 0.95% | 0.95% |
| 36-Month | 1.24% | 1.25% |
| 48-Month | 1.49% | 1.50% |
| 60-Month | 1.98% | 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 2011-2012 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 months | 8.49% |
| 37-48 months | 8.99% |
| 49-60 months | 9.99% |
| 61-72 months | 10.99% |
| Share Secured Loan (up to 120 months) | 3.00% above dividend rate |
| Money Market Secured | 3.00% above dividend rate |
| Certificate Secured | 3.00% 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 Credit | 9.24% |
| 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)^ | |
| Up to 63 months (80% financing) | 3.24% |
| 64-75 months (80% financing) | 3.49% |
| 76-84 months (80% financing) | 4.49% |
| Up to 63 months (100% financing) | 4.24% |
| 64-75 months (100% financing) | 4.49% |
| 76-84 months (100% financing) | 5.49% |
| Annual Percentage Rate (APR) for vehicle (auto, boat & RV) loan rates shown reflect a 0.5% discount for Direct Deposit, $1,000 or more monthly, and a Police FCU checking account with Police FCU Visa ® Check Card | |
| . | |
| RVs & Boats - New^ | |
| Up to 84 months | 7.00% |
| 85 - 144 months | 7.50% |
| RVs & Boats - Used^ | |
| Up to 84 months | 7.50% |
| 85 - 144 months | 8.00% |
| . | |
| Visa Credit Card - Platinum Rewards | varied by prime |
| Visa Credit Card - Gold | 12.49% |
• APR= Annual Percentage Rate. Rates are subject to change at anytime without notice.
• For Auto Loans, financing over 100% of value may be possible. Ask for rate and details; restrictions apply.
• ^The advertised rate reflects 0.25% discount for Direct Deposit, $1,000 or more monthly. Consumer Loan Payment Example: On a $15,000 auto loan, at 3.24% APR for 63 months, your monthly payments=$259.20. Certain restrictions apply. Other rates and terms available. Please ask 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,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.
