Rates
Loan Rates
As of July 15, 2008
Product |
Term |
Fixed APR* |
Variable APR* |
New and Used Autos, Boats,
and Motorhomes |
up to 72 months |
as low as 4.15%** |
|
Motorcycles, ATVs, Jet Skis, Camper/Travel Trailer |
up to 60 months |
as low as 5.15%** |
Signature Loan |
up to 60 months |
as low as 9.37%** |
Tuition Loan |
up to 12 months |
8.50% |
Home Equity Line of Credit Loan
(Variable Rate) |
7 yr draw period,
180 month repayment |
|
as low as Prime - 1.25%*** |
Home Equity Loan
(Fixed Rate) |
up to 180 months
|
as low as Prime - 1.75%***
|
|
Home Improvement Loan
(Fixed Rate, up to 100% LTV) |
up to 120 months
|
9.50-10.25%
|
First Mortgage Loan |
For current rates,
please call: |
440-617-9368
|
Ask for:
Kevin McDonough |
Share Secured Loan |
up to 60 months |
4.50% |
|
Emergency Loan |
up to 12 months |
as low as 12.87** |
VISA Classic Credit Card |
Pmt = 3% of balance |
|
13.25%**** |
VISA Gold Credit Card |
Pmt = 3% of balance |
11.25%**** |
VISA Gold Credit Card |
Pmt = 3% of balance |
12.90% Fixed |
|
VISA Platinum Credit Card |
Pmt = 3% of balance |
|
9.25%**** |
*APR = Annual Percentage Rate. **Rates based on credit history, number of years the loan is financed and the amount financed. Higher rate may be offered upon approval. Rates quoted reflect .75% discount for: USA Club membership (to qualify for USA Club status, use FFCCU Checking Account, ATM or VISA Check Card, and VISA Credit Card), 20% down payment and payroll deduction/direct deposit.
*** Variable Rate Home Equity can reprice monthly and uses Prime Rate as its index plus/minus a margin, credit history and the number of years loan is financed. Rate floor is 4.50% and ceiling is 18.00%. 7-year draw period, additional 15-year repayment. $10,000 initial advance, $500 minimum subsequent advances. Borrow up to 80% or 90% of home’s equity (appraised value times 80% less any existing liens), up to $250,000. Fixed Rate Home Equity Loan is determined by the Prime Rate as its index plus/minus a margin, credit history and the number of years loan is financed. Borrow up to 80% or 90% of home’s equity (appraised value times 80% less any existing liens), up to $250,000. Repayment terms are 60 to 180 months.
****Classic=Prime+8%, Gold=Prime+6%, Platinum=Prime+4%.
Savings Rates
As of April 17, 2008
Account Name |
Min. Balance |
Dividend Rate |
APY* |
Savings |
$50+ |
0.50% |
0.50% |
Checking |
$500-$4,999.99 |
0.25% |
0.25% |
$5,000+ |
0.50% |
.50% |
Christmas Club |
$50+ |
0.50% |
0.50% |
Travel/Vacation Club |
$50+ |
0.50% |
0.50% |
Sparky's Club Savings-Youth Account |
$50+ |
0.50% |
0.50% |
IRA Savings |
$50+ |
1.35% |
1.36% |
Money Market |
$50-$4,999.99 |
1.00% |
1.00% |
$5,000-$24,999.99 |
1.25% |
1.26% |
$25,000-$49,999.99 |
1.75% |
1.76% |
$50,000+ |
2.00% |
2.02% |
Call for current rates. *APY = Annual Percentage Yield. This rate schedule states rates applicable to specified accounts. Dividends are credited to your account and compounded every month. This schedule is incorporated as a part of your account agreement with your Credit Union. Minimum balance requirements apply to average daily balance (amount of principal in account each day). All savings rates are variable, this means the dividend rate and annual percentage yield may change at any time as determined by the Board of Directors.
Certificate Rates
As of July 21, 2008
Term |
Min. Balance |
Dividend Rate |
APY* |
3 Month |
$500 |
2.00% |
2.00% |
6 Month |
$500 |
2.47% |
2.50% |
| 12 Month |
$500 |
2.72% |
2.75% |
18 Month |
$500 |
2.47% |
2.50% |
24 Month |
$500 |
3.20% |
3.25% |
36 Month |
$500 |
3.20% |
3.25% |
Jumbo/ 6 month |
$100,000 |
2.47% |
2.50% |
Jumbo/ 12 month |
$100,000 |
2.47% |
2.50% |
*APY = Annual Percentage Yield. The rates quoted above are accurate and effective for the above accounts as of the effective date indicated. Certificate rates remain fixed for the term of the certificate. Unless otherwise paid, dividends will be credited to your account and compounded every month. Fees or other conditions could reduce the earnings on the account. A penalty may be imposed for withdrawals before maturity. If you have any questions or need current rate information on your accounts, please call 216-621-4644 or 800-621-4644.
