Effective 4/3/2023
Vehicle Loans
| Loan Type | 24 month | 36 month | 48 month | 60 month | 72 month | 84 month | 96 month |
|---|---|---|---|---|---|---|---|
| Auto – New and Used | 3.99% – 17.00% | 3.99% – 17.00% | 5.00% – 18.00% | 5.50% – 18.00% | 6.00% – 18.00% | 6.50% – 18.00% | 7.00% – 18.00% |
| Boats | 3.99% – 17.00% | 3.99% – 17.00% | 5.00% – 18.00% | 5.50% – 18.00% | 6.00% – 18.00% | 6.50% – 18.00% | 7.00% – 18.00% |
| RVs | 3.99% – 17.00% | 3.99% – 17.00% | 5.00% – 18.00% | 5.50% – 18.00% | 6.00% – 18.00% | 6.50% – 18.00% | 7.00% – 18.00% |
| Motorcycles | 3.99% – 17.00% | 3.99% – 17.00% | 5.00% – 18.00% | 5.50% – 18.00% | 6.00% – 18.00% | 6.50% – 18.00% | 7.00% – 18.00% |
| Title Loans | 18.00% | ||||||
| Collateral Personal Loans | 8.65% – 14.90% |
*Rates may vary from the rate shown based on your credit score. Preferred borrower rates apply. (Rates current as of 10/1/2022 and are subject to change without notice.) Auto Loan rates available for vehicles not previously financed at American Spirit Federal Credit Union.
Fixed Rate Home Equity (2nd Lien) Loans (5 Year)
| Loan to Value | 50% | 60% | 70% |
|---|---|---|---|
| APR As Low As* |
6.50% – 10.00% | 8.50% – 13.00% | 9.50% – 14.00% |
* Home Equity Loan (1st Lien) 0.25% lower rates.
*Rates may vary from the rate shown based on your credit score. Preferred borrower rates apply. (Rates current as of 4/3/2023 and are subject to change without notice.) Auto Loan rates available for vehicles not previously financed at American Spirit Federal Credit Union.
Fixed Rate Home Equity (2nd Lien) Loans (10 Year)
| Loan to Value | 50% | 60% | 70% |
|---|---|---|---|
| APR As Low As* |
7.50% – 10.25% | 9.00% – 14.00% | 10.00% – 15.00% |
* Home Equity Loan (1st Lien) 0.25% lower rates.
*Rates may vary from the rate shown based on your credit score. Preferred borrower rates apply. (Rates current as of 4/3/2023 and are subject to change without notice.) Auto Loan rates available for vehicles not previously financed at American Spirit Federal Credit Union.
Fixed Rate Home Equity (2nd Lien) Loans (15 Year)
| Loan to Value | 50% | 60% | 70% |
|---|---|---|---|
| APR As Low As* |
9.00% – 12.00% | 9.50% – 15.00% | 11.50% – 17.00% |
* Home Equity Loan (1st Lien) 0.25% lower rates.
*Rates may vary from the rate shown based on your credit score. Preferred borrower rates apply. (Rates current as of 4/3/2023 and are subject to change without notice.) Auto Loan rates available for vehicles not previously financed at American Spirit Federal Credit Union.
Home Equity Line of Credit Loans
8.25%
Unsecured Loans
10.65% – 18.00%
Share Secured Loans (Shares, Money Market Accounts, Certificates)
(See Loanliner® Addendum for rate change disclosure)
2% above share rate.
Rates are subject to change without notice.
*Rates are subject to change as determined by the board of directors.
Make Vehicle Loan payments through payroll deduction, Homebanking, Teller Phone, through the mail or at our branch office.
We are Competitive. You can borrow up to 100% of retail at a competitive interest rate and there’s no penalty for early loan payoff.
Competitive interest rate based on your credit rating. The loan rate applicable to you may vary from the rates quoted. Loan rates are based upon the borrower’s credit history.
American Spirit Federal Credit Union is an equal housing lender.
Savings Rates
The Account Rate and Fee Disclosure Schedule is part of your account agreement and describe charges and fees that may be made on your account. Any charges may be deducted directly from your account. The rates and conditions below are applicable to all of our accounts at the Credit Union and are accurate as of the effective date. The Credit Union reserves the right to amend this schedule. Each applicant agrees to these terms at the time he or she becomes a member. Potential members or members may receive disclosure forms at any time upon request. All certificates are fixed rate accounts. (Effective 9/1/2020)
| Account Type | Dividend Rate * | Annual Percentage Yield* | Min. Opening Balance | Min. Balance for Dividends |
|---|---|---|---|---|
| Share Account | .05% | .05% | $5 | $250 |
| Special | .05% | .05% | $5 | $250 |
| Vacation | .05% | .05% | $5 | $250 |
| Insurance Accumulation | .05% | .05% | $5 | $250 |
| Holiday | .05% | .05% | $5 | $250 |
| Youth Shares | .05% | .05% | $5 | n/a |
| Regular Checking (Share Draft) | 0.00% | 0.00% | $0 | n/a |
| Money Market Account | .05% | .05% | $1,000 | $1,000 |
| .10% | .10% | $1,000 | $10,001 | |
| .15% | .15% | $1,000 | $25,001 | |
| .20% | .20% | $1,000 | $50,001 | |
| Traditional IRA | .05% | .05% | $0 | N/A |
| Educational IRA | .05% | .05% | $0 | N/A |
| Roth IRA | .05% | .05% | $0 | N/A |
*Rates are subject to change as determined by the board of directors. Dividends are paid from current income and available earnings after required transfers to reserves at the end of a dividend period. The Credit Union anticipates paying the dividend rates on the table above. The APY (Annual Percentage Yield) is a projected rate that takes into consideration the effect monthly compounding has on the dividend rate.
Share Certificates ($1,000 Minimum Balance)
(Effective 4/3/2023)
| Account Type | Dividend Rate | Annual Percentage Yield | Minimum Balance | Minimum Balance for Dividends |
|---|---|---|---|---|
| Share Certificate (12-Month) | 0.65% | 0.65% | $1000 | $1000 |
| Share Certificate (24-Month) | 0.85% | 0.85% | $1000 | $1000 |
| Share Certificate (36-Month) | 1.05% | 1.05% | $1000 | $1000 |
| Share Certificate (48-Month) | 1.15% | 1.15% | $1000 | $1000 |
Share Certificates ($10,000 Minimum Balance)
(Effective 4/3/2023)
6.00% 6 Month Certificate Special: Join us in celebrating our 60th Anniversary with our 6.00% 6 Month Certificate special offer for new funds to American Spirit FCU only!
Annual Percentage Yield (APY) = 6.01%. Advertised 6 Month Certificate rate effective as of 5/1/23. Rates are subject to change without notice. Minimum deposit amount of $10,000. Maximum deposit amount of $500,000. This offer is available for new funds only. Rates are subject to change without notice. American Spirit FCU reserves the right to withdraw this offer at any time. Membership eligibility required. Federally Insured by NCUA. Equal Housing Lender.
| Account Type | Dividend Rate | Annual Percentage Yield | Minimum Balance | Minimum Balance for Dividends |
|---|---|---|---|---|
| Share Certificate (12-Month) | 0.65% | 0.65% | $10,000 | $10,000 |
| Share Certificate (24-Month) | 0.85% | 0.85% | $10,000 | $10,000 |
| Share Certificate (36-Month) | 1.05% | 1.05% | $10,000 | $10,000 |
| Share Certificate (48-Month) | 1.15% | 1.15% | $10,000 | $10,000 |
Share Certificates ($50,000 Minimum Balance)
(Effective 4/3/2023)
| Account Type | Dividend Rate | Annual Percentage Yield | Minimum Balance | Minimum Balance for Dividends |
|---|---|---|---|---|
| Share Certificate (12-Month) | 0.65% | 0.65% | $50,000 | $50,000 |
| Share Certificate (24-Month) | 0.85% | 0.85% | $50,000 | $50,000 |
| Share Certificate (36-Month) | 1.05% | 1.05% | $50,000 | $50,000 |
| Share Certificate (48-Month) | 1.15% | 1.15% | $50,000 | $50,000 |
IRA Certificates ($1,000 Minimum Balance)
(Effective 4/3/2023)
| Account Type | Dividend Rate | Annual Percentage Yield | Minimum Balance | Minimum Balance for Dividends |
|---|---|---|---|---|
| 1-Year | 0.65% | 0.65% | $1,000 | $1,000 |
| 2-Year | 0.85% | 0.85% | $1,000 | $1,000 |
| 3-Year | 1.05% | 1.05% | $1,000 | $1,000 |
| 4-Year | 1.15% | 1.15% | $1,000 | $1,000 |
| 5-Year | 1.25% | 1.25% | $1,000 | $1,000 |
*Rates may vary based on credit score.
*APY=Annual Percentage Yield.
Rates subject to change at anytime without notice.
Nature of Dividends
Rates are subject to change as determined by the board of directors. Dividends are paid from current income and available earnings after required transfers to reserves at the end of a dividend period. The Credit Union anticipates paying the dividend rates on the table above. The APY (Annual Percentage Yield) is a projected rate that takes into consideration the effect monthly compounding has on the dividend rate.
Compounding and Crediting
Dividends on the accounts listed above will be compounded monthly. The dividend period will be the first calendar day of each month to the last calendar day of each month. Dividends are calculated on the last day of each month and will be credited to your account on the last day of the month.
Balance Computation Method
The dividends are calculated by the daily balance method to calculate dividends, which applies a daily periodic rate to the balance in the account each day.
Dividend Accrual
Dividends begin to accrue on the day of your cash or non-cash deposit(s). If you close an account, dividends will be paid as of that date.
Minimum Balance Requirements
Credit Union’s minimum balance requirements are disclosed in the table above. ** Minimum balance for Education I.R.A. Certificates is $500.
Account Limitations
Early withdrawal penalty is equal to 90 days dividend. You may not add to a certificate once it is opened. You may only make additions after maturity and during the 14-day grace period. You may not make withdrawals of principals from this account. You may only withdraw dividends, if you elected to have dividends automatically transferred to a disbursement account each month in lieu of compounding, the APY will be equal to the stated dividend rate.
Renewal/Maturity
The Credit Union will give the owners a minimum of 14 days’ notice prior to maturity. The certificate will automatically renewed at maturity, unless owner(s) elected to have all funds transfer to the regular share account or pay funds directly to the owner(s). The other account features will remain the same.