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 |
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Current Dividend Rates
Rates Effective March 1, 2008
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|
Deposit Account
|
Account Minimum Balance
|
Dividend Rate
|
Annual Percentage Yield
|
Dividend Compounding
|
| Regular Shares* |
$5.00
|
.85%
|
.85%
|
Monthly
|
| Share Drafts |
See Note
|
0.25%
|
0.26%
|
Monthly
|
| Special Shares |
$5.00
|
.85%
|
.85%
|
Monthly
|
| Money Market** |
$2,500.00
|
1.98%
|
2.00%
|
Weekly
|
| Christmas Club |
$5.00
|
1.10%
|
1.10%
|
Monthly
|
| Regular Share IRA |
$10.00
|
.85%
|
.85%
|
Monthly
|
| Regular Share Roth IRA |
$10.00
|
.85%
|
.85%
|
Monthly
|
| IRA and Roth IRA Money Market** |
$2,500.00
|
1.98%
|
2.00%
|
Weekly
|
| * A $5.00 minimum balance is required. |
| ** If the Money Market Balance falls below the $2,500 minimum, dividends are paid at the regular share rate |
|
The above rates are variable, subject to change without notice, and are the anticipated rates and annual percentage yields for the current dividend period.
There is no minimum amount required to open a share draft account, and there is no minimum amount required to maintain the account.
Share Accounts Truth-in-Savings Disclosure
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Current Certificate Rates
Rates Effective March 5, 2008
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|
Certificate Term
|
Account Minimum Balance
|
Dividend Rate
|
Annual Percentage Yield
|
| 60 Days |
$500.00
|
2.47%
|
2.50%
|
| 91 Days |
$500.00
|
2.47%
|
2.50%
|
| 6 Months |
$500.00
|
2.73%
|
2.75%
|
| 12 Months |
$500.00
|
3.00%
|
3.00%
|
| 18 Months |
$500.00
|
3.03%
|
3.05%
|
| 24 Months |
$500.00
|
3.13%
|
3.15%
|
| 30 Months |
$500.00
|
3.15%
|
3.17%
|
| 36 Months |
$500.00
|
3.17%
|
3.20%
|
| 48 Months |
$500.00
|
3.17%
|
3.20%
|
|
60 Months
|
$500.00
|
3.13%
|
3.15%
|
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Jumbo Certificate rates offered, call a Member Service Representative for the most recent rates available.
The above rates are variable, subject to change without notice, and are the anticipated rates and annual percentage yields for the current dividend period. After your certificate is opened, the dividend rate is fixed for the term. There is a substantial penalty for early withdrawal of certificate funds.
Share Certificate Accounts Truth-in-Savings Disclosures
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Current Traditional and Roth IRA Certificate Rates
Rates Effective March 5, 2008
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|
Certificate Term
|
Account Minimum Balance
|
Dividend Rate
|
Annual Percentage Yield
|
| 6 Months |
$500.00
|
2.73%
|
2.75%
|
| 12 Months |
$500.00
|
3.00%
|
3.00%
|
| 18 Months |
$500.00
|
3.03%
|
3.05%
|
| 24 Months |
$500.00
|
3.13%
|
3.15%
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| 30 Months |
$500.00
|
3.15%
|
3.17%
|
| 36 Months |
$500.00
|
3.17%
|
3.20%
|
| 48 Months |
$500.00
|
3.17%
|
3.20%
|
| 60 Months |
$500.00
|
3.13%
|
3.15%
|
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The above rates are variable, subject to change without notice, and are the anticipated rates and annual percentage yields for the current dividend period. After your certificate is opened, the dividend rate is fixed for the term. There is a substantial penalty for early withdrawal of certificate funds. There may be an additional IRA penalty for early withdrawal of IRA funds.
Share Certificate Accounts Truth-in-Savings Disclosures
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This addendum becomes a part of your Loanliner Credit Agreement as of the effective date
shown below and will only affect advances after this date.
|
| LOANLINER Ò ADDENDUM: This Addendum is incorporated into and becomes a part of your LOANLINER Ò Credit Agreement. Please keep this form attached to your LOANLINER Ò Credit Agreement. |
|
Effective Date: March 1, 2007
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Replaces Addendum Dated: September 11, 2007
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DESCRIPTION
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Approx
TERM
(In Months)
|
DAILY
PERIODIC
RATE
|
ANNUAL
PERCENTAGE
RATE
|
New Vehicles, Motor Home (1)
Up to 100% Financing of Retail Value |
Up to 60
|
.0137% - .0384%
|
5.00% - 14.00%
|
New Vehicles, Motor Home (1)
Up to 85% Financing of Retail Value |
72
|
.0137% - .0384%
|
5.00% - 14.00%
|
| New Vehicles - Demo Up to 90% of MSRP |
60
|
.0137% - .0384%
|
5.00% - 14.00%
|
Used Vehicles, Motor Home (1) Current yearr - 1 year old
Up to 100% Financing of Retail Value |
60
|
.0164% - .0411%
|
6.00% - 15.00%
|
| 2 to 4 years old - Up to 100% Financing of Retail Value |
54
|
.0164% - .0411%
|
6.00% - 15.00%
|
| 5 to 8 years old - Up to 100% Financing of Retail Value |
42
|
.0164% - .0411%
|
6.00% - 15.00%
|
Used Vehicles (1) - Greater than 8 years old
75% Financing of Retail Value |
36
|
.0164% - .0411%
|
6.00% - 15.00%
|
| Motorcycle - New (1) - 85% Financing of Retail Value |
60
|
.0171% - .0418%
|
6.25% - 15.25%
|
| Motorcycle - Used (1) - 85% Financing of Retail Value |
48
|
.0171% - .0418%
|
6.25% - 15.25%
|
New Boat, Motor, Trailer, Camper, Travel Trailer (1)
Up to 100% Financing of Retail Value |
Up to 84
|
.0171% - .0418%
|
6.25% - 15.25%
|
Used Boat, Motor, Trailer, Camper, Travel Trailer (1)
Up to 100% Financing of Retail Value |
Up to 60
|
.0171% - .0418%
|
6.25% - 15.25%
|
| Share Secured/Share Certificate Secured*** |
36
|
|
2.00% above the index***
|
| Home Improvement (non-real estate secured) (1) |
48
|
.0247% - .0493%
|
9.00% - 18.00%
|
| Educational Assistant (1) |
48
|
.0240% - .0486%
|
8.75% - 17.75%
|
| Personal Loan (1) |
18
|
.0192% - .0438%
|
7.00% - 16.00%
|
| Ready Reserve* (Personal Line of Credit) (1) |
|
.0301% - .0483%
|
7.00% - 16.00%
|
| Overdraft** (Line of Credit) (1) |
|
.0384%
|
14.00%
|
| HELOC (Home Equity Line of Credit) mortgage**** |
|
|
Prime Rate
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| (1) RISK BASED: The Annual Percentage Rate (APR) you receive will be within the range disclosed above and is based on your credit worthiness. Please ask us for the initial rate for which you qualify.
*READY RESERVE: For unpaid balances your minimum monthly payment will be $2 per $100 of the outstanding balance. The minimum monthly payment is $20 on all Ready Reserve Loans. We will evaluate your credit worthiness every 12 months; the ANNUAL PERCENTAGE RATE on existing balances and new advances is subject ot change at the time of a new advance after the yearly evaluation.
**OVERDRAFT PROTECTION: For unpaid balance up to $500, your minimum monthly payment will be $20. Automatic advances made in $100 increments. We will evaluate your credit worthiness every 12 months.
***SHARE SECURED / SHARE CERTIFICATE: The Annual Percentage Rate for share/share certificate advances will be the dividend rate paid on the account specifically pledged (the index) on the date of the advance, plus the percentage shown above. Funds equal to or greater than the loan balance must remain on deposit until the advance is fully paid. Failure to retain the balance will result in default under the Plan. The applicable APR and Daily Periodic Rate will be disclosed on the voucher/disbursement receipt issued at the time of the advance.
****HELOC (HOME EQUITY LINE OF CREDIT): The rate on this mortgage is equal to the current PRIME RATE with no margin. The Rate adjusts at the beginning of the Quarter. After the Draw Period of eight years, the loan term is 15 years.
FILING FEE: You will be charged a lien filing fee at the time of an advance if the Credit Union takes a security interest in your collateral and is responsible for placing the lien on the title or other securing document. The amount of the filing fee will be based on the amount of fee required by state law for the Credit Union to obtain a lien on this collateral. The amount of the filing fee will be disclosed on the voucher.
MIMIMUM PAYMENT: Your minimum payment will never be less than $20 per month.
COLLECTION COSTS: You promise to pay all costs of collecting the amount you owe under this agreement including court costs and reasonable attorney fees. These costs will include reasonable attorney fees and/or collection fees not in excess of 20% of the unpaid debt after default.
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Real Estate Loans
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|
Loan Product
|
|
Annual Percentage Rate
|
Loan Terms
|
Mobile Home - 1st Mortgage
Only with Land |
Single Wide (96 Months Maximum)
|
9.00%
|
Up to 60 Months
|
|
Double Wide
|
9.50%
|
Up to 144 Months
|
| Fixed Rate - Residences |
Purchase Money
|
6.25%
|
Up to 180 Months
|
|
1st & 2nd Mortgages
|
6.25%
|
Up to 180 Months
|
| Fixed Rate - Unimproved Estate |
1st Mortgages
|
7.75%
|
Up to 60 Months
|
|
1st Mortgages
|
8.25%
|
61 Months to 96 Months
|
|
1st Mortgages
|
8.75%
|
97 Months to 144 Months
|
| Real Estate / Consumer residences only in the states of South Carolina, North Carolina and Texas - $300,000 maximum. Rates are based on the term of the loan. |
| Rates are based on terms and the applicants credit history with Cryovac Federal Credit Union and all other creditors |
|
Home Equity Loans
|
|
Loan Product
|
|
Annual Percentage Rate
|
Loan Terms
|
| Real Estate Specials |
|
as low as 5.00%
|
Up to 120 Months
|
| HELOC |
|
Prime
|
15 Years
|
| Rates are based on terms and the applicants credit history with Cryovac Federal Credit Union and all other creditors |
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