Joomla! site syndication http://www.mycreditunion.com Fri, 18 May 2012 04:45:06 +0100 FeedCreator 1.7.3 http://www.mycreditunion.com/images/M_images/joomla_rss.png http://www.mycreditunion.com Joomla! site syndication http://www.mycreditunion.com/index.php?option=com_content&task=view&id=70&Itemid=283 Checking & Savings CD's Vehicle Loans Real Estate Loans Disclosures All rates effective as of 5/16/2012 Certificate Rates Account Type Minimum to Open Dividend Rate1 APY1 IRA Dividend Rate1 IRA APY1 6-11 Month $500 .25% .25% .25% .25% 12-17 Month $500 .35% .35% .35% .35% 18-23 Month $500 .35% .35% .35% .35% 24-35 Month $500 .65% .65% .65% .65% 36-47 Month $500 .90% .90% .90% .90% 48-59 Month $500 1.09% 1.10% 1.09% 1.10% 60-71 Month $500 1.49% 1.50% 1.49% 1.50% 72+ Month $500 1.73% 1.75% 1.73% 1.75% Smart Growth Certificates Account Type Minimum to Open Dividend Rate1 APY1 36 Month $100 1.69% 1.70% 60 Month $100 2.03% 2.05% 84 Month $100 2.08% 2.10% Individual Retirement Account Question Traditional IRA4 Roth IRA4 Coverdell ESA4 How much can I contribute? $5,000 for 2011-2012 $5,000 for 2011-2012 Up to $2,000 per child each year Are contributions deductible? Yes No No When can I withdraw without restrictions? After reaching 59½ years of age Contributions — anytime dividends — after 5 tax years & after reaching 59½ years of age Anytime–as long as it’s a qualified school expense Savings Rates Account Type Base Rate5 APY5 Preferred Daily Income Account (required balance to earn each day) 0-$1,999 .10% .10% $2,000-$9,999 .10% .10% $10,000-$24,999 .15% .15% $25,000-$49,999 .15% .15% $50,000 + .25% .25% Regular Share Account .05% .05% Youth Account .05% .05% Tax Account .05% .05% Holiday/Property Tax Account .75% .75% Vacation Club Account .75% .75% IRA Share Account .25% .25% Checking Rates Account Type Base Rate5 APY5 Better Than Free Checking Account 0-$499 .01% .01% $500+ .02% .02% Preferred Checking Account 0-$499 .01% .01% $500-$4,999 .03% .03% $5,000-$14,999 .05% .05% $15,000-$24,999 .10% .10% $25,000+ .15% .15% Better Business Checking Account 0-$499 .01% .01% $500-$4,999 .01% .01% $5,000-$14,999 .03% .03% $15,000-$24,999 .05% .05% $25,000+ .10% .10% Health Savings Account (HSA) 0-$999 2.96% 3.00% $1,000-$2,499 1.00% 1.00% $2,500-$4,999 1.00% 1.00% $5,000-$9,999 1.00% 1.00% $10,000-$24,999 1.00% 1.00% $25,000+ 1.00% 1.00%   Disclosures All of our certificates may be opened as an IRA investment and almost all can be opened as an HSA. For more information on which IRA option is right for you please refer to the IRA guide provided and consult with your tax advisor. APY = Annual Percentage Yield All rates are subject to change. Early withdrawal penalties may apply.Forallothertermsandfeesforeachaccount,contactyour branch for the applicable disclosure statement(s). Other terms and conditions may apply, see Credit Union for full details. The minimum balance to open and maintain a share certificate account is $500, except Smart Growth and Smart Growth For Kids which has a minimum of $100. 1 The share certificate Dividend Rates and Annual Percentage Yields shown were accurate as of the Effective Date of this Rate Sheet. Contact the Credit Union for most current rates. 3 Variable Rate CD. Minimum floor rate of 1.69%. 4 Limits increased if you are over 50 years of age. 5 The share account Base Rates and Annual Percentage Yields shown are the prospective rates and yields the Credit Union anticipates for the applicable Dividend Periods. Vehicle Loan Rates Fixed Account Type APR %Financing Terms (months) New Auto 4.25%-18.00% Up to 100% 0-72 Used Auto 6 years or less6 years+ 4.75%-18.00%5.50%-18.00% Up to 100% 0-720-60 New Vehicles for Recreation1 6.75%-18.00% Up to 100% 0-48 Used Vehicles for Recreation1 7.75%-18.00% Up to 100% 0-48 New Boats6 6.00%-17.00% Up to 100% 0-12016 Used Boats66 years or less6 years+ 6.00%-17.00%6.75%-17.75% Up to 90% 0-120160-12016 New RVs6 6.50%-17.00% Up to 90% 0-12016 Used Boats66 years or less6 years+ 6.50%-17.00%7.25%-17.75% Up to 90% 0-120160-12016 Variable Account Type APR2 %Financing Terms (months) New Auto2 4.00%-17.00% Up to 100% 0-84 Used Auto26 years or less6 years+ 4.50%-17.50%5.25%-18.00% Up to 100%Up to 100% 0-840-60 New Vehicles for Recreation1,2 6.00%-16.50% Up to 100% 0-72 Used Vehicles for Recreation1,2 7.00%-18.00% Up to 100% 0-60 New and Used2,6 Boats and RVs6 years or less6 years+ 5.75%-16.25%6.50%-17.00% Up to 90%Up to 90% 0-24030-180 Credit Card Rates Credit Card Type APR** Preferred Visa9** 8.75%-18.00% v Secured Visa7 4.00% f Real Estate Loan Rates Account Type APR %Financing Terms (months) Preferred Equity Line of Credit 2,10,11,12,13 First Equity Second Equity 4.75%-8.75% v5.50%-9.50% v 5.50%-9.50% v6.25%-10.25% v Up to 80%Up to 90% Up to 75%Up to 85% 0-2160-360 0-1440-240 Preferred Equity Home Loan10,11,12,15 4.50%-12.75% f5.00%-13.25% f Up to 80%Up to 80% 0-840-120 Non Owner Occupied Loan2,10,11,12First DeedSecond Deed 8.00% v9.50% v Up to 80%Up to 75% 0-2400-240 Commercial Real Estate Loans14 Call For Details Up to 80% 25 year amortization15 year balloon Personal Loan Rates Account Type APR Terms (months) Happy Days Loan2,4 5.00%-16.00% v 0-60 Happy Days Business Loan2,5 5.50%-16.00% v 0-60 Student Loan Call for details. Personal Line of Credit 2 9.00%-17.00% v 0-60 Personal Loan 10.00%-18.00% f 0-60 Contract Value Loan2,8For Farmers Agents Only 3.49%-14.99% f5.99%-9.49% v 0-4872 Contract Value Line of Credit2,8For Farmers Agents Only 5.49%-8.99% v7.49%-10.99% v 60120 Agency Business Loans as low as 5.00% Up to 120 Disclosures Rates and terms may vary based on borrower’s credit qualifications. All loan rates are determined by Credit Union management and subject to change at any time. The Credit Union may offer other rates in the future. All services offered by the Credit Union shall be subject to applicable laws of the State of Oregon, federal laws and regulations, Credit Union bylaws and all regulations, rules and practices now or hereafter adopted by the Credit Union. All loans subject to credit approval. All loan rates are determined by Credit Union management and subject to change at any time. The Credit Union may offer other rates in the future. All services offered by the Credit Union shall be subject to applicable laws of the State of Oregon, federal laws and regulations, Credit Union bylaws and regulations, rules and practices now or hereafter adopted by the Credit Union. All loans subject to credit qualification and approval. **The Annual Percentage Rate is variable and is figured on the following basis: The Annual Percentage Rate will be calculated on the last day of each calendar quarter. The Credit Union starts by calculating the index, which is the average auction rate on 26-week U.S. Treasury Bills for the prior 3 months, rounded up to the nearest ¼%. The Credit Union adds a margin to the index. The amount of the margin is based on your credit profile and other factors the Credit Union deems appropriate. The margin for your account will be disclosed in a document provided when your account is opened. The total of the index plus the amount the Credit Union adds is the Annual Percentage Rate. The Annual Percentage Rate is divided by 12 to produce the monthly Periodic Rate. The adjustment of the Annual Percentage Rate affects your entire outstanding balance and is effective for the second full statement cycle following the calculation date. The minimum Annual Percentage Rate on your account is 8.75%. We will review your credit profile from time to time and may adjust the amount of the margin (and the resulting Periodic Rate and Annual Percentage Rate) based on your credit profile. For certain Home Equity offerings a range of Annual Percentage Rates are disclosed. The rate that you qualify for is dependent on your credit profile and other factors that we may deem relevant. For a complete disclosure of these loans, contact the Credit Union. 1 Includes Motorcycles, Personal Watercrafts and ATVs. 2 The Annual Percentage Rate is variable and subject to change on the first of each month. The quoted rate is established by adding a factor (based on borrower’s credit profile) to the 26-week Treasury Bill rate, rounded up to the nearest ¼%. 3 Repayment terms up to 180 months if the RV does not have a bathroom, kitchen or sleeping quarters. 4 Borrow from $500 to $10,000 for new furniture, appliances, home entertainment equipment, landscaping, remodeling and other items. Also available for business equipment. Borrower is responsible for any trust deed filing fees or UCC filing fee. 5 Borrow from $500 to $10,000 for new computers, including software and peripherals, new office furniture, other business equipment, etc. Borrower is responsible for only UCC filing fees. 6 Maximum loan amount not to exceed $100,000. 7 Credit limit is based on the balance of your secured savings (shares). The savings you pledge for this card will not earn interest. This is a fixed rate. Credit limits available from $500 to $25,000. 8 Loans are secured by an agents Contract Value. Rate varies based on the term of the loan. 9 No annual fee. 25-day grace period for purchases. Credit limits to $25,000. No Credit Union fees for cash advances. 10 There are no points or origination fees. The borrower is responsible for any third party fees — appraisal, title insurance, filing, flood determination and/or tax service fees if applicable. 11 Loans secured by real estate as collateral are available to members residing in OR, WA, and ID. 12 Maximum loan amount is $250,000. 13 Line of Credit is based on property valuation, lien position and total encumbrances. 14 Fees include: Loan origination fee of 1% of loan, appraisal fee, filing fees, title fee, and environmental fees (if necessary). Subject to Credit Union confirming value. 15 Loan to value is subject to lien position. The maximum loan to value is 80% for loans secured by a first lien position. The maximum loan to value is 75% for a second lien. 16 Maximum standard term 60 months; member may extend fixed rate term to 120 months by paying 50bp over the standard rate, subject to 18% cap. 17 APR (Annual Percentage Rate). Subject to credit approval. The 5.99% Annual Percentage Rate promotional rate is fixed and does not apply to future purchases or cash advances. This promotional rate is only available for a limited time. Promotional rate may not be used to pay existing NW Preferred loans or credit card debt. All 5.99% balance transfers will be classified as “purchases” under our Visa Card Agreement. New purchases or cash advances will carry a variable rate. As of December 31, 2011, the rate for new purchases or cash advances was as low as 8.75% APR. This rate may vary based on borrower’s credit qualifications. Monthly minimum payments will be applied to outstanding balances with the lowest rate. Any payment over the required minimum will be applied to outstanding balances with the highest rate. 18 APR (Annual Percentage Rate). Rate shown is for an A+ borrower. Rate will vary depending on borrower’s credit history. Maximum term of 48 months. When applying for this loan a receipt must be presented or a UCC filing may be required. Borrower is responsible for any UCC or trust deed filing fees. Other terms and conditions may apply, see credit union for details Fee Schedule Effective SEPTEMBER 30, 2011 The following Schedule of Fees applies to the various accounts offered by NW Preferred Federal Credit Union. For further information, please contact your local Credit Union branch. All fees are determined by Credit Union management and subject to change at any time. Account Fees Returned Deposited Checks: $15.00 each; $15.00 each if returned a second time; Owner Initiated: $30.00 each. Returned Check Fee, Owner initiated—$30.00 Non-Proprietary ATM Withdrawals/Inquiries: Eight (8) free per month, $.75 each thereafter. ACH EFT Debit —Stop Payment/Return Request—$25.00 each (No Stop Hit Fee). ACH EFT Overdraft Protection Transfer, Credit Union initiated: $12.00 each. Dormant Account—$8.00 quarterly. (Accounts with balances under $100.00 and with no activity for twelve (12) months, other than dividend posting, may be considered "dormant" and subject to this fee.) Checking Account Fees Any NW Preferred Checking Account may be subject to the following fees: Stop Payment Request—$20.00 per single check or sequence range of checks. (No Stop Hit Fee). NSF (Non-sufficient Funds) Returned—$29.00 each (regardless of origin). NSF (Non-sufficient Funds) Paid (Not returned)—$29.00 each (regardless of origin). Overdraft Protection Transfers, Credit Union Initiated—$12.00 per transfer. Check Reorder Without Form—$2.00 per order. Check Rush Reorder (Member Request)—varies depending on type of delivery, minimum $3.00. Check Printing Fee—varies depending on type and style of checks ordered. Uncollected Funds—$28.00 each. Microfilm Check Copies—$2.00 per copy, maximum $50.00 for 100 copies (includes copy and retrieval fees), with the following exceptions: First two (2) copies free each month. Same-day facsimile request—$5.00 per copy, none free. Account Balancing Assistance—$25.00 per hour, charged by the quarter hour. Closed Account—$5.00 per check presented for payment, maximum $60.00. Other Credit Union Fees In addition to the fees listed above, the following service and maintenance fees may be assessed: Purchase of Money Orders—$2.00 each. Purchase of Cashier’s Checks—$3.00 per check. Outgoing Wire Transfer— National/Domestic, $20.00 per wire; International - Available, fee subject to fluctuation. Call Credit Union for current pricing. International Wire Trace— Available, fee subject to fluctuation. Call Credit Union for current pricing. Western Union Cash Service — Available, fee subject to fluctuation. Call Credit Union for current pricing ATM/Visa Debit Card “Hot Card,” Credit Union Reclaiming Card—$9.00 per occurrence. Check Cashing, Checks drawn on another financial institution—$20.00 per check. Exception—Member has one or more of the following: An active checking account; a combined minimum share balance of $300.00 A Share Certificate account; or a loan or Visa account. Excessive Withdrawal fee for Holiday Club/Property Tax Accounts and Vacation Club—$6.00. Incorrect Address: (member changes their address without informing the Credit Union)—$5.00 per occurence. Deposit Empty Envelope in ATM — $15.00. Checks Sent for Collection (presented item not accepted for deposit)—$35.00 per item. If check returned not paid a $50.00 fee will be assessed. Amortization Schedule—$20.00 first page, $2.00 each additional page. Laminating, Member Request (other than Membership and Connexus Cards)—$2.00 per item. Internal Revenue Service (IRS) Tax Levy Fee—$30.00. Collection Costs—Member shall pay all costs incurred by the Credit Union for any effort to collect a negative balance in any share savings account. These costs include, but are not limited to, attorney fees (whether or not there is a lawsuit), including attorney fees on any appeal. Skip-A-Payment Fee $35 if the loan balance is less than $50,000.00 $50 if the loan balance is between $50,000.00 - $100,000.00 $75 if the loan balance exceeds $100,000.00 Premium Trust Account Fee — $6.00 Microfilm/Microfiche Copies—Account Statements: $25.00 per hour, labor (charged by the quarter hour); $1.50 per copy (over three per month) Microfilm Copies—Deposited Checks: $3.00 each. Shared Branching Fees—There may be fees for certain services provided by our partners in the CU Service Center® Network. Check with your NW Preferred branch for a schedule of current CU Service Center® Network fees   Thu, 02 Apr 2009 06:47:42 +0100