LOAN RATES

Effective: 02/01/2014

 

PERSONAL

As low as 8.00% APR to 60 mos

AUTO, NEW OR USED

As low as:
1.99% APR to 36 mos
1.99% APR to 48 mos
1.99% APR to 60 mos
2.49% APR to 72 mos

RECREATIONAL VEHICLES

As low as 4.25%

EDUCATION

As low as:

3.50% APR to 12 mos
3.50% APR to 24 mos
4.50% APR to 36 mos
5.25% APR to 48 mos
5.75% APR to 60 mos

6.25% APR to 84 mos

HOME EQUITY - FIXED RATE / 2ND MORTGAGE
As low as:

3.25% APR up to 5 years
4.25% APR up to 10 years
4.75% APR up to 15 years

1ST MORTGAGE

Please call office or click "Allanach" on left home page for application.

FHA and VA loans available, Purchase or Refianance.

 

REMEMBER!  NEW HARP LOANS ARE AVAILABLE FOR MORTGAGES THAT ARE 'UPSIDE DOWN'  

 

HELOC (Line of Credit) As low as 3.75%

 

LINE OF CREDIT (LOC) LOAN RATES

- The ANNUAL PERCENTAGE RATE for Line of Credit Loans is as low as 11.00%.

- The DAILY PERIODIC RATE OF 0.010137 is used to calculate the finance charge.

  The maximum Credit Limit is $2500.00.

- The minimum advance is $100.00

- The minimum monthly payment is $100.00.

 

VISA CREDIT CARD RATES

- ANNUAL PERCENTAGE RATE as low as  8.00%.

- GRACE PERIOD for repayment of purchases and Cash Advances is 25 days.

- AVERAGE DAILY BALANCE is used to calculate finance charge.

 

No Annual Fee, No Cash Advance Fee.

 

The Credit Union reserves the right to impose a fee of $20.00 for excessive replacement cards.

 

Example of typical extension of Credit:
$5,000.00 = amount financed
36 months @ 8.00% ANNUAL PERCENTAGE RATE
$158.79 per month
$715.75 TOTAL FINANCE CHARGE

 

The Credit Union offers many special loan rates and terms many times throughout the year.

 

       

 

 

DEPOSIT RATES

Effective: 02/01/2014

 

SHARE AND CLUB ACCOUNTS

Dividend rate = .15% APY (ANNUAL PERCENTAGE YIELD)

Dividends are paid and compounded QUARTERLY.

Dividends are paid from current income and available earnings after required transfers to reserves at the end of the dividend period.

 

SHARE ACCOUNT FEES
New Account Closed (within 90 days): $10.00
Minimum balance (one share): $25.00

Minimum balance to earn a dividend: $100.00
 

Your savings are federally insured to at least $250,000 and backed by the full faith and credit of the National Credit Union Administration, an agency of the United States Government.

 

Please do not hesitate to contact the Credit Union should you have any questions or concerns regarding our savings and loan products.

 

SHARE DRAFT (CHECKING) RATES & FEES

Share Draft Accounts require no minimum balance and there is no service fee.

OVERDRAFT FEES

$20.00 per overdraft

OTHER FEES
NSF fee: $20.00/item
Returned item: $20.00/item
Stop Payment: $20.00/request
Photocopy: $3.00 after l month
CU third party check: $5.00

 

A MasterCard Debit card is issued with each share draft account. This card can be used at all merchant locations as well as ATM's with the NYCE logo.

You may now access ATM's with the SUM sign for "fee free" withdrawals.

An overdraft line of credit is also issued with each share draft account. Therefore, an application must be completed and approved.

 

METHUEN FEDERAL CREDIT UNION FUNDS AVAILABILITY POLICY

 

       

 

CERTIFICATES (CDs) SHARE RATES

6 month 0.40% APY*
12 month 0.40% APY*
18 month 0.65% APY*
24 month 1.00% APY*

 

*Annual Percentage Rate

RATES SUBJECT TO CHANGE DAILY

 

MINIMUM DEPOSIT OF $1000.
PENALTIES MAY BE IMPOSED FOR EARLY WITHDRAWALS.
RATES ARE SUBJECT TO CHANGE

 

Your savings are federally insured to at least $250,000 and backed by the full faith and credit of the National Credit Union Administration, an agency of the United States Government.

 

IRA RATES & FEES

Dividends are paid and compounded monthly and are paid from current earnings after required transfers.

The current Annual Percentage Yield (APY) is 0.50%

These are passbook accounts and have no term.
MANDATORY EARLY WITHDRAWAL PENALTIES APPLY.
$25.00 FEE FOR TRANSFERS

 

Your savings are federally insured to at least $250,000 and backed by the full faith and credit of the National Credit Union Administration, an agency of the United States Government.