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Rates

A variety of loans at competitive rates.

Shares and Certificate Rates


Rates effective 10/01/2018


Shares

$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 0.15% 0.15%

Holiday and Club Accounts

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

Money Market Accounts

Account balance APR* APY**
$5,000 - $25,000.99 0.20% 0.20%
$25,001.00 - $50,000.99 0.30% 0.30%
$50,001.00 and over 0.40% 0.40%

Share Certificates

$500 minimum deposit/$100,000 maximum deposit.
$2500 minimum deposit/$100,000 maximum deposit for 24 month Bump up.

Term APR* APY**
6 month 0.50% 0.50%
12 month 0.75% 0.75%
24 month 1.25% 1.26% **1 time bump up

Kids Kickoff Special

$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 - 24 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. **Bump up option.

Bump Up Option: During the term of your Bump Up Certificate, you are permitted to make a one-time request to adjust your interest rate at your discretion. Your request to adjust your interest rate is limited to the rate in effect for the same term certificate at the time of your request. You must make such a request in writing. When you elect to exercise the Bump Up Option, the new interest rate will be paid for the remaining term of your account. A one-time interest rate increase will not extend the original maturity date of your account. Interest rates are not tied to any index. They are established at the discretion of Mt. Rainier Federal Credit Union’s Board of Directors Mt Rainier Federal Credit Union has no way of predicting future rates. Therefore, it is entirely at your discretion as to if and when you use this Bump Up Option.

For example: if the rate on your Bump Up CD, at the time you opened the account is 1.25%, and the rate on that product rises to 2.00% at some point prior to maturity of the account, you may request the interest rate on your account be increased to the then current rate. If you choose to wait and the current rate for this product increases again during the term of your account to 2.25%, you may request the interest rate on your account be increased to the current rate at the time, based on the certificate term. You may only exercise this option once during the term of your account. Rates quoted above are examples ONLY. Call or stop in for current rates.

Loans Rates


Rates as of 9/23/2019


New Vehicles (2016 - 2019)

Term APR Range*
0 - 36 months 2.84% - 15.34%
37 - 48 months 3.34% - 15.84%
49 - 60 months months 3.84% - 16.34%
61 - 72 months ($15,000 or higher) 4.34% - 17.84%
73 - 84 months ($30,000 or higher) 4.84% - 17.99%
Up to 125% LTV/Mileage maximum: 150,000

Used Vehicles (2010 - 2015)

Term APR Range*
0 - 36 months 3.34% - 15.84%
37 - 48 months 3.84% - 16.34%
49 - 60 months months 4.34% - 16.84%
61 - 72 months ($15,000 or higher) 4.84% - 17.84%
73 - 84 months ($30,000 or higher) 5.59% - 17.99%
Up to 100% LTV/Mileage maximum: 150,000

Classic Car

Classic Car APR Range*
0 - 60 months 8.99% - 13.99%

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 (2009)

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 (2007)

Unsecured Loans / Signature / LOC

Type APR Range*
Unsecured Loans / Signature / LOC 11.49% - 17.99%
Overdraft line of credit loans 11.49% - 17.99%

Platinum Visa

APR Range*
10.74% - 17.99%
Credit Card Rates Disclosure

Share Secured Loans

Terms Rate
Up to 120 months Current dividend rate + 2.00%

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



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
Courtesy Pay Item $30.00 / item
Members will be charges a preferred rate for checks.
Electronic Funds Transfer (EFT) fees
Card replacement $10.00
ACH NSF $30.00 / item
ACH stop payment fee $10.00
Negative Bal Fee due to recurring debit $30.00 / item
Bill pay plus NSF $30 / Item
Other Service Fees
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 $25.00 / loan (15 day grace period)
Loan add on fee $15.00 per add on
Overdraft loan transfer fee $2.00 / item (LOC add ons)
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.

Savings Calculator


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The accuracy of this calculator and its applicability to your circumstances is not guaranteed. Results should be discussed with a qualified professional before any product purchases or loan commitments are made.