A variety of loans at competitive rates .

Share and certificate rates


Shares


Dividend rate declared for the 2nd quarter ending June 2016

$25.00 required opening deposit.


Account balance APR* APY**
$0.01 - $24.99 No dividends 0.00%
$25.00 - $5,000.00 0.05% 0.05%
$5,000.01 - $25,000.00 0.10% 0.10%
$25,000.01 and over 0.10% 0.10%

Holiday club accounts


Rates effective 4/01/2016


Account balance APR* APY**
$0.01 - $4.99 No dividends 0.00%
$4.99 and over 0.20% 0.20%

Money market accounts


Rates effective 4/01/2016


Account balance APR* APY**
$5,000 - $25,000.99 0.15% 0.15%
$25,001.00 - $50,000.99 0.20% 0.20%
$50,001.00 and over 0.25% 0.25%

Share certificates


Rates effective 4/01/2016. $500 minimum deposit/$100,000 maximum deposit.


Term APR* APY**
6 month 0.20% 0.20%
12 month 0.30% 0.30%

Kids kickoff special


Rates effective 4/01/2016. $100 minimum deposit/$1,000 maximum deposit.


Term APR* APY**
6 month 0.55% 0.55%

*APR = Annual Percentage Rate. **APY = Annual Percentage Yield. Dividends are calculated on the average daily balance and paid quarterly. 6 month Certificates – Dividends will be compounded and posted at maturity. 12 month Certificates – Dividends will be compounded and posted quarterly. A penalty may be imposed for early withdrawal. Unless otherwise noted, all Certificates will automatically renew at maturity for the same term at the interest rate in effect on the maturity date.

Loan rates

As of 2/9/17


New Vehicles (2014 - 2017)


Term APR Range*
0 - 36 months 1.79% - 14.49%
37 - 48 months 2.29% - 14.99%
49 - 60 months months 2.79% - 15.49%
61 - 72 months ($15,000 or higher) 2.99% - 16.99%
73 - 84 months ($30,000 or higher) 3.49% - 17.49%
Up to 100% LTV/Mileage maximum: 150,000

Used Vehicles (2008 - 2013)


Term APR Range*
0 - 36 months 2.29% - 14.74%
37 - 48 months 2.79% - 15.24%
49 - 60 months months 3.29% - 15.74%
61 - 72 months ($15,000 or higher) 3.79% - 17.24%
73 - 84 months ($30,000 or higher) 4.79% - 17.74%
Up to 125% LTV/Mileage maximum: 150,000

Classic car


Classic Car APR Range*
0 - 60 months 7.49% - 12.49%

New/Used motorcycles


Term APR Range*
0 - 60 months 4.99% - 16.99%
61 - 72 months ($15,000 or higher) 5.99% - 17.49%
73 - 84 months ($30,000 or higher) 6.99% - 17.99%
Up to 10 model years (2008)

New/Used RVs, TRVL, TRLS, Boats, Quads


Term APR Range*
0 - 60 months 4.99% - 16.99%
61 - 84 months ($15,000 or higher) 5.99% - 17.49%
85 - 144 months ($30,000 or higher) 6.99% - 17.99%
Up to 12 model years (2006)

Unsecured loans/Signature/LOC


Term APR Range*
0 - 36 months 9.99% - 17.99%
Overdraft line of credit loans APR Range*
0 - 36 months 9.99% - 17.99%

Platinum Visa


APR Range*
9.49% - 17.99%

Share secured loans


Terms
Current dividend rate + 2.00%
Up to 120 months

Rates effective 2/9/2017. MRFCU may offer other rates or amend the rates disclosed from time to time. Contact the credit union for more information. Rate based on approved credit (OAC). * APR = Annual Percentage Rate.

Fee Schedule

Effective May 1, 2016


Share Draft Account Fees
NSF (Non sufficient funds) $30.00 / item
Returned deposit item $30.00 / item
Draft stop payment $10.00 / item
Automatic overdraft transfer $2.00 / item
Electronic Funds Transfer (EFT) fees
Card replacement $5.00
ACH NSF $30.00 / item
ACH stop payment fee $10.00
Bill pay plus NSF $30.00 / item
Other Service Fees
Members will be charged a preferred rate for checks.
Incoming wire $5.00
Wire transfer (outgoing) $36.00 / wire
Dormant account $5.00 / month (36 months of inactivity)
Credit Union check stop pay $30.00 / item
Statement reprint $10.00 / month
Transaction history 1st page free ($1.00 per page after)
Bank checks 1 free per day ($2.00 per additional check)
Early account closure $10.00 (closed w/ in 6 months of opening)
Non-member check cashing $5.00
Loan Fees
Loan payment late fee $30.00 / loan (15 day grace period)
Loan add on fee $15.00 per add on
Overdraft loan transfer fee $2.00 / item
Membership
Minimum opening deposit $25.00
A minimum opening deposit of $25.00 is required to open a share account at MRFCU and must remain on deposit to continue membership.

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