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Rates

A variety of loans at competitive rates.

Shares and Certificate Rates


Rates effective 10/01/2018


Shares

Dividend rate declared for the 4th quarter ending December 2018. $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.

Term APR* APY**
6 month 0.50% 0.50%
12 month 0.75% 0.75%

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 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.

Loans Rates


Rates as of 10/1/2018


New Vehicles (2015 - 2018)

Term APR Range*
0 - 36 months 2.59% - 15.09%
37 - 48 months 3.09% - 15.59%
49 - 60 months months 3.59% - 16.09%
61 - 72 months ($15,000 or higher) 4.09% - 17.59%
73 - 84 months ($30,000 or higher) 4.59% - 17.99%
Up to 125% LTV/Mileage maximum: 150,000

Used Vehicles (2009 - 2014)

Term APR Range*
0 - 36 months 3.09% - 15.59%
37 - 48 months 3.59% - 16.09%
49 - 60 months months 4.09% - 16.59%
61 - 72 months ($15,000 or higher) 4.59% - 17.59%
73 - 84 months ($30,000 or higher) 5.34% - 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

Term APR Range*
0 - 36 months 11.24% - 17.99%
Overdraft line of credit loans APR Range*
0 - 36 months 11.24% - 17.99%

Platinum Visa

APR Range*
10.99% - 17.99%
Credit Card Rates Disclosure

Share Secured Loans

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

Rates effective 10/01/2018. 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 debt $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.