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RATES

Savings Account & Loan Rates


 

INTEREST RATES/TERM LIMIT TABLE and Discounts Effective 08/01/2017
Share Secured - 100% 2% above share dividend rate up to 72 months
Share Secured -   50% 5% above share dividend rate up to 72 months
                                                                                          FICA Score     A > 700  B > 630 to 699  C > 580 to 629  D > 530 to 579  E < 530

 

 


 

Grades are a combination of FICA score and other conditions

 

 

New and Used Auto, Truck, Motorcycle, 4 Wheelers 72 months over $20,000 ADD ONS
Grade/Months 6 - 24 months 25 - 47 months 48 - 59 months 60 - 71 months 72 - 84 months Gas over 100,000 miles  add  0.50%
A 3.99% 4.49% 4.99% 5.49% 5.99 - 6.99% Diesel over 250,000 miles  add  0.50%
B 5.99% 6.99% 7.99% 8.99% 9.99 - 10.99% Motorcycles  add  0.50%
C 9.99% 10.74% 11.24% 11.99% 12.99 - 13.99% Off road motorcycles & 4 wheelers  add  2.00%
D 15.99% 16.99% 17.49% 17.99% N/A  

Financing of credit union products such as GAP, warranty, credit and/or disability may cause loan to go over max allowable for all A & B grades

RV, Motor Homes, Campers, Boats
DISCOUNTS
Grade/Months 6 - 24 25 - 36 37 - 48 49 - 60 61 - 72 LTV <80%                                            0.50%
A 4.99 5.49 5.99 6.49 6.99 DIRECT DEP0SIT                               0.25%
B 6.99 7.49 8.99 9.99 10.74 AUTO PAY FROM 1ST NRV ACC       0.25%
C 10.74 11.49 12.99 12.99 15.74 $5000 IN 1ST NRV SAVINGS OR SC 0.25%
D 15.74 16.49 17.49 17.99 N/A VEHICLE <10,000 MILES                  0.25%

 

Unsecured / Signature
DISCOUNTS
Grade/Months 12 24 36 42 48 60 72 SECURITY                   0.25%
A 6.99 7.49 7.99 8.49 9.99 10.99 N/A DIRECT DEP0SIT        0.25%
B 11.99 12.49 12.99 13.49 13.99 14.99 N/A AUTO PAY                    0.25%
C 14.99 15.99 16.49 16.99 17.99 N/A N/A  
D 17.99 17.99 17.99 N/A N/A N/A N/A  

 

All loans except Mortgage, Home equity and credit card are eligible for loyalty or usage discounts


No loan rate can go below 2.49% the Floor rate is Wall Street Prime [4.5%] if not set by BOD


All E loans and Credit Rebuilder Loans have an interest rate 18% (APR*)


OTHER LOANS
CREDIT CARD VISA Wall StreetPrime Rate + 7% = 11.5% (at this time) NO ANNUAL FEE
HOME EQUITY* Wall Street Prime Min. 4.00% to a Max. of 14.00%
MORTGAGE See Mortgage Rate Sheet  
UNIMPROVED PROPERTY As low as 4.50% 10 YEARS                       12 YEARS
SMALL AMOUNT /SHORT TERM 28%
$20.00 loan fee

1% Interest Rate Discount for Direct Deposit
1% Interest Rate Discount for Auto-Pay

 

*Home Equity Loans are 80% of the appraisal on 1st Deed of Trust and on 2nd Deed of Trust 80% appraisal minus 1st deed of trust

 

Share Rates Current Rate APY   effective 1/1/17
Regular Shares 0.50% 0.50% $50,000.00 and above  
  0.25% 0.25% $1,000.00 to $49,999.99  
  0.00% 0.00% $5.00 to $999.99  
Checking 0.10% 0.10% average daily balance $100.00  
Christmas Club 0.25% 0.25% 1st early withdrawal is free.
Every early withdrawal afterwards,
a $10.00 fee will be applied.
effective 01/01/2017
IRAs 1.00% 1.003756%    
Share Certificates       effective 01/01/2017
1 year 0.60% 0.60%  120 day interest penalty for early withdrawals  
2 year 0.75% 0.75%  120 day interest penalty for early withdrawals  
3 year 1.00% 1.00%  120 day interest penalty for early withdrawals  
5 year 1.25% 1.26%  120 day interest penalty for early withdrawals  

 

*APR  =  ANNUAL PERCENTAGE RATE


**APY  =  ANNUAL PERCENTAGE YIELD     


 
 Dividends set at end of each quarter and paid quarterly on all but checking which is paid monthly

 




Schedule of Fees and Charges

 

This schedule of fees & charges was approved 10/04/1994

Revised on 06/29/2017

Effective 10/01/2017

 

 

The Credit Union Difference:

Unlike most banks, your Credit Union continues to offer many convenient services free of charge. However, in some instances the Credit Union incurs a cost from another organization that performs or provides a service. In most cases, this cost is passed on to those members who use this service.

 

 

Free Services:

 

  • Notary Service for Members
  • Free ATM Transactions at the Credit Union
  • CU24 Network for Surcharge Free ATMs
    • See our ATM locator on our Website (www.FirstNRVFCU.org)!
  • Balance Inquiries done at First NRV Credit Union
  • By the phone withdrawals
  • Account transfers done at First NRV Credit Union
  • Regular Share Savings Monthly Service Charge

 

 

Charges & Fees from Non-First NRV ATMs:

Balance Inquiries for Checkings/Savings (PLUS System Only)

$0.50 per transaction

Point of Sale Transaction (Not Currently Available)

$0.10 per transaction

Transfer from Checking/Savings (Plus System Only)

$1.00 per transaction

Withdrawal from Checking/Savings

$1.00 per transaction

 

 

ATM Charges from the First NRV ATM:

Foreign Based Debit/ATM Cards

$2.50 per transaction

 

 

Fees & Charges for Regular Share Accounts:

 

Mailed Statements (for members less than 65 years old)

$1.00 per month

Early Withdrawal on Club Accounts

1st withdrawal is free, but a $10.00 fee applies afterwards.

Check Cashing Fee (Avg. Daily Balance is below $100)

$5.00 per check

Copy of Cancelled Check

$2.00 per check

Account Reconciliation

$25.00 per reconciliation

Official Credit Union Check

$3.00 per check

Early Account Closure (closed within 90 days of opening)

$5.00 taken from Regular Shares

Electronic Funds Transfer (over 6 transfers in 1 month)

$20.00 per transfer (after 6 transfers within one month)

Fax Fee

$2.00 for the first page, and $1.00 thereafter

Inactive Account (1 year with no account activity)

$5.00 per quarter

Opening New Account

$5.00 min. balance for savings (cash only)

Money Orders

$2.00 per money order

Incoming Wire

$10.00 per wire

Opening New Account

$5.00 Regular Share Deposit (Held Funds)

Outgoing Wire (Regular)

$20.00 per wire

Outgoing Wire (International)

$40.00 per wire

Overdraft Fee for Items Paid (Checking, ACH)

$40.00 per item

Returned Mail & Statement Fee

$5.00 per piece of mail

Replacement for Debit, Credit, or ATM Card

$10.00 for your first card reorder, and $15.00 thereafter

Overnight Shipping Fee for Debit Card

$50.00 shipping fee

PIN Re-issue on Debit & Credit Cards

1st time is free, a $10.00 fee applies afterwards

Return Fee for Items Not Paid (Checking, ACH)

-          Due to an overdraft/insufficient funds balance.

$40.00 fee applied per item

Stop Payment (No guarantees are made)

$25.00 per stop payment

Mortgage Verification Letter

$10.00

Legal Fees (Subpoena’s, Tax Liens, etc.)

$50.00

ACH Origination

$25.00 per ACH Origination

Chargeback Check Fee

$40.00 per returned check

 ***Disclaimer:

  • The First NRV Credit Union Board of Directors reserves the right to amend this schedule of fees as they deem fit. Notification of such changes will be forwarded to all members of First NRV Credit Union.

 




To assist members in accessing information not maintained on this site, the Credit Union provides links to other Internet addresses. Be advised that: 1) by clicking on any link to other Internet addresses, you are leaving the Credit Union's web site; 2) you are linking to an alternate web site not operated by the Credit Union; 3) the Credit Union is not responsible for the content of the alternate web site; 4) the Credit Union does not represent either the third party or the member if the two enter into a transaction; and 5) privacy and security policies may differ from those practiced by the Credit Union.

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