Florida Rural Electric Credit Union

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Rates

Share and Savings Account Rates Effective 8/01/13

ACCOUNT TYPE MINIMUM OPENING DEPOSIT* DIVIDEND RATE** ANNUAL PERCENTAGE YIELD (APY)
Membership Share/Savings $15.00 .20% .20%
Christmas Share/Savings - .20% .20%
Share Draft/Checking - .20% .20%
Differential Share Draft - .20% .20%
IRA Accumulation $20.00 .55% .65%

* Minimum opening deposit is also minimum average daily balance to obtain the disclosed annual percentage yield (APY).

** All share account dividend rates and annual percentage yields (a) are accurate as of the last dividend declaration date and (b) may change after the account is opened.

Certificate of Deposit Rates Effective: 2/10/2012

TERMS MINIMUM DEPOSIT INTEREST RATE ANNUAL PERCENTAGE YIELD (APY)
12 Months $5,000

0.60%

0.60%

6 Months $500 0.60% 0.60%
12 Months $500

0.60%

0.60%
18 Months $500 0.75% 0.75%
24 Months $500 0.75% 0.75%
30 Months $500 0.90% 0.90%
36 Months $500 0.90% 0.90%

* Interest rates may change at any time. Please call 800/542-1246 to receive current rate information. A penalty will be imposed for early withdrawal from any Certificate of Deposit. Fees can reduce earnings.

** This plan requires members to receive monthly dividends.

IRA Certificates of Deposit Rates*Effective 02/10/2012

TERMS MINIMUM DEPOSIT INTEREST RATE ANNUAL PERCENTAGE YIELD (APY)
12 Months $5,000 0.60% 0.60%
6 Months $500 0.60% 0.60%
12 Months $500 0.60% 0.60%
18 Months $500 0.75% 0.75%
24 Months $500 0.75% 0.75%
30 Months $500 0.90% 0.90%
36 Months $500 0.90% 0.90%

* Interest rates may change at any time. Please call 800/542-1246 to receive current rate information. A penalty will be imposed for early withdrawal from any IRA Certificate of Deposit. Fees can reduce earnings.

** This plan requires members to receive monthly dividends.

Loan Rates Effective 09/10/2014

Remember, we may be able to match a rate! Call us before financing elsewhere!

DESCRIPTION APPROXIMATE TERM DAILY PERIODIC RATE ANNUAL PERCENTAGE RATE LOAN-TO-VALUE RATIO
New Auto 36 -60 Months 0.008137% 2.97% Up to 100% of purchase price
72 Months 0.008137% 2.97% Up to 100% of purchase price (minimum amount financed $25,000)
Used Auto- 8 years back from current model year. **        

up to $5,999

 

$6,000 - $14,999

 

$15,000 - $25,000

 

$25,000 and up

36 Months 0.008959% 3.27% Up to 100% purchase/max NADA retail
48 Months 0.008959% 3.27% Up to 100% purchase/max NADA retail
60 Months 0.008959% 3.27% Up to 100% purchase/max NADA retail
72 Months 0.008959% 3.27% Up to 100% purchase/mas NADA retail
New Motorcycle 60 Months 0.014110% 5.15% Up to 100% of MSRP
Used Motorcycle 48 Months 0.014110% 5.15% Up to 100% purchase/max NADA retail
New Recreational Vehicle 180 Months 0.014658% 5.35% Up to 100% of purchase price
Used Recreational Vehicle 120 Months 0.014658% 5.35% Up to 100% purchase/max NADA retail
New Boat 96 Months 0.014658% 5.35% Up to 100% of purchase price
Used Boat 72 Months 0.014658% 5.35% Up to 100% purchase/max NADA retail
Major Appliance 48 Months 0.024384% 8.90% Up to 90% of purchase
General Purpose Advance with Collateral 60Months 0.024521% 8.95%  
*Line-of-Credit/Overdraft Open-end Revolving 0.027260% 9.95% Maximum Limit $20,000
Differential Line-of-Credit Open-end Revolving 0.024521% 8.95% Maximum Limit $20,000
Signature Up to 60 Mos. 0.026027% 9.50% Maximum Loan $20,000

* Overdraft advances will be made in $100.00 increments. If $100.00 is not available, then it will advance the available balance.

** Other restrictions may apply, call for details.

Fee Schedule Effective 04/01/2015

New Member Fee $8.00
Share/Savings Account
 
Withdrawal/Transfer by CU Employee*-** $5.00
Withdrawal/Close Christmas Club Early** $15.00
Close Account within first 90 days** $15.00
Copy of Statement (each) $3.00
Returned Mail (each)** $5.00
Returned Deposited Item** $30.00
Research Account over 1 year (per hour) $25.00
Excessive Share Withdrawals (more than 6 per month) $5.00
Share Draft/Checking Account
 
Withdrawal/Transfer by CU Employee*-** $5.00
Returned Mail (each)** $5.00
Copy of Statement or Check (each) $3.00
Overdraft Transfer from Share/Savings or Loan (each) $5.00
NSF's** $30.00
Stop Payment(s)** (per check or check range) $30.00
Returned Deposited Item** $30.00
Research Account over 1 year (per hour) $25.00
ATM
 
Withdrwawals/POS (Point of Sale) Free
Card/Pin Replacement $5.00
Research (per hour) $25.00
NSF's** $30.00
Money Wires  
Domestic (minimum wire amount $100)** $25.00
VISA
 
Annual Fee Free
Over Limit fee $25.00
Late fee** $25.00
Card Replacement $5.00
Copy of Sales Draft (if available)** $15.00
Returned Check Fee $25.00
Audio Response
 
Transfers/Withdrawals/Inquiries Free
Home Banking
 
Transfers/Withdrawals/Inquiries Free
Bill Payer Free
Other
 
IRA Set Up Fee** $10.00
Dormant Fee*** (if no activity on all accounts for more than 1 year) $5.00 monthly

*Within the same account.

**Fee Change

***New Fee

Disclosures

SHARE SECURED:

If the dividend rate on the share accounts change, the ANNUAL PERCENTAGE RATE for share-secured advances will change. The ANNUAL PERCENTAGE RATE for share-secured advances will be 3.00% above the dividend rate. The maximum ANNUAL PERCENTAGE RATE that can apply is 18.00% If the ANNUAL PERCENTAGE RATE increases, your payments will increase. The share account must remain open until the advance is completely paid. The specific ANNUAL PERCENTAGE RATE and daily periodic rate will be disclosed to you at the time of advance.

CERTIFICATE SECURED:

If the dividend rate on certificates of deposit change, the ANNUAL PERCENTAGE RATE for the certificate-secured advances will change. The ANNUAL PERCENTAGE RATE for certificate-secured advances will be 3.00 above the dividend rate. The maximum ANNUAL PERCENTAGE RATE that can apply is 18.00% If the ANNUAL PERCENTAGE RATE increases, your payments will increase. The certificates must be renewed until the advance is completely paid. The specific ANNUAL PERCENTAGE RATE and daily periodic rate will be disclosed to you at the time of advance.

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. The amount of the filing fee will be based upon the amount of fee required by state law for the credit union to obtain a lien on your property. The amount of the filing fee will be disclosed on the advance voucher.

COLLECTION COSTS:

You promise to pay all the cost of collecting the amount you owe under this agreement including court costs and reasonable attorney fees.

LATE FEE CHARGE: Effective July 1, 2009

Loan payments that are more than 15 days late will be assessed a late charge fee equal to 5% of the monthly payment with the minimum of $15.00 and the maximum of $35.00.