Effective 7/1/2019

Vehicle Loans

Loan Type 24 month 36 month 48 month 60 month 72 month 84 month 96 month
Auto – New and Used 2.99% 2.99% 4.00% 4.25% 5.00% 5.50% 6.00%
Boats 2.99% 2.99% 4.00% 4.25% 5.00% 5.50% 6.00%
RVs 2.99% 2.99% 4.00% 4.25% 5.00% 5.50% 6.00%
Motorcycles 2.99% 2.99% 4.00% 4.25% 5.00% 5.50% 6.00%
Title Loans 18.00%
Collateral Personal Loans 7.90% 7.90% 7.90% 7.90%

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For A Loan

Fixed Rate Home Equity Loans (5 Year)

Loan to Value 60% 70% 80%
APR
As Low As*
4.50% 6.50% 7.50%

*Rates may vary based on credit score. Preferred borrower rates apply. (Checking Account and Payroll Deduction, Direct Deposit or any type of automatic payment entitles member to a 1/4 percent rate reduction.)

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For A Loan

Fixed Rate Home Equity Loans (10 Year)

Loan to Value 60% 70% 80%
APR
As Low As*
5.50% 7.00% 8.00%

*Rates may vary based on credit score. Preferred borrower rates apply. (Checking Account and Payroll Deduction, Direct Deposit or any type of automatic payment entitles member to a 1/4 percent rate reduction.)

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For A Loan

Fixed Rate Home Equity Loans (15 Year)

Loan to Value 60% 70% 80%
APR
As Low As*
7.00% 7.50% 9.50%

*Rates may vary based on credit score. Preferred borrower rates apply. (Checking Account and Payroll Deduction, Direct Deposit or any type of automatic payment entitles member to a 1/4 percent rate reduction.)

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For A Loan

Home Equity Line of Credit Loans

5.25%

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For A Loan

Unsecured Loans

8.50% – 18.00%

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For A Loan

Share Secured Loans (Shares, Money Market Accounts, Certificates)

(See Loanliner® Addendum for rate change disclosure)
2% above share rate.

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For A Loan

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.

Account Type Dividend Rate * Annual Percentage Yield* Min. Opening Balance Min. Balance for Dividends
Share Account .25% .25% $5 $250
Special .25% .25% $5 $250
Vacation .25% .25% $5 $250
Insurance Accumulation .25% .25% $5 $250
Holiday .25% .25% $5 $250
Youth Shares .25% .25% $5 n/a
Regular Checking (Share Draft) 0.00% 0.00% $0 n/a
Money Market Account .25% .25% $1,000 $1,000
Money Market Account .25% .25% $1,000 $1,000
.30% .30% $1,000 $10,001
.35% .35% $1,000 $25,001
.40% .40% $1,000 $50,001
Traditional IRA .50% .51% $0 N/A
Educational IRA .50% .51% $0 N/A
Roth IRA .50% .51% $0 N/A

 

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An Account

*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 Balnace)

(Effective December 2018)

Account Type Dividend Rate Annual Percentage Yield Minimum Balance Minimum Balance for Dividends
Share Certificate (12-Month) 1.90% 1.91% $1000 $1000
Share Certificate (24-Month) 2.20% 2.21% $1000 $1000
Share Certificate (36-Month) 2.45% 2.46% $1000 $1000
Share Certificate (48-Month) 2.50% 2.51% $1000 $1000

 

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An Account

Share Certificates ($10,000 Minimum Balance)

(Effective December 2018)

Account Type Dividend Rate Annual Percentage Yield Minimum Balance Minimum Balance for Dividends
Share Certificate (12-Month) 1.95% 1.96% $10,000 $10,000
Share Certificate (24-Month) 2.25% 2.26% $10,000 $10,000
Share Certificate (36-Month) 2.50% 2.51% $10,000 $10,000
Share Certificate (48-Month) 2.55% 2.56% $10,000 $10,000

 

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An Account

Share Certificates ($50,000 Minimum Balance)

(Effective December 2018)

Account Type Dividend Rate Annual Percentage Yield Minimum Balance Minimum Balance for Dividends
Share Certificate (12-Month) 2.00% 2.01% $50,000 $50,000
Share Certificate (24-Month) 2.30% 2.31% $50,000 $50,000
Share Certificate (36-Month) 2.55% 2.56% $50,000 $50,000
Share Certificate (48-Month) 2.60% 2.61% $50,000 $50,000

 

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An Account

IRA Certificates ($1,000 Minimum Balance)

(Effective December 2018)

Account Type Dividend Rate Annual Percentage Yield Minimum Balance Minimum Balance for Dividends
1-Year 1.15% 1.16% $1,000 $1,000
2-Year 1.55% 1.56% $1,000 $1,000
3-Year 2.05% 2.06% $1,000 $1,000
4-Year 2.25% 2.26% $1,000 $1,000
5-Year 2.45% 2.46% $1,000 $1,000

 

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An Account

*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.