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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 [3.75%] if not set by BOD


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


OTHER LOANS
CREDIT CARD VISA Prime plus 7% (currently 10.75%) 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

APPROVED 10/04/94  *Revised 10/01/2017

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:

  • ATM Transactions at the Credit Union
  • Balance Inquiries at the Credit Union
  • Phone Withdrawal/Transfer at the Credit Union
  • Regular Share Savings Monthly Service Charge

 

 Regular Share Accounts

 Mailed Statement Fee (members less than 65 years old)  $1.00 per month for accounts opened after 10/01/2017 
 Early Withdrawal on Club Accounts  1st for free, and a $10 fee applies afterwards
 Check Cashing Fee (if avg. daily balance is below $100)  $5.00 per check
 Copy of Cancelled Check  $2.00 per check
 Copies of Original Statement (if research is needed)  $25.00 plus $2 per page
 Account Reconciliation  $25.00
 Printout of Current Activity  $2.00 per page
 Creit Union Check  $3.00 per check
 Early Acct. Closure (closed within 90 days of opening)  $5.00
 Electronic Funds Transfer Fee (more than 6 transfers from savings within 1 month)  $20.00 for each transfer past the 6 transfer limit
 Fax Fee  1st page is $2.00 fee, and a $1.00 for more pages
 Inactive Acct. Fee (1 year of no activity)  $5.00 per quarter ($20.00 per year of inactivity)
 Incoming Wire  $10.00 per wire
 Money Orders  $2.00 per money order
 Open New Account  $5.00
 Outgoing Wire (Regular)  $20.00 per wire
 Outgoing Wire (International)  $35.00 per wire
 Overdraft Fee for Items Paid (Checking, ACH)  $40.00 per paid item
 Returned Mail/Returned Statement Fee  $5.00 per returned piece of mail or statement
 Replace Plastic Card (Lost, Broken, or Stolen)  $10.00 for the first, and $15.00 for each one thereafter
 Overnight Debit Card Fee  $50.00
 PIN Re-issue on Debit & Credit Cards  $10.00 each time we change your PIN
 Return Fee for Items Not Paid (Checking, ACH)  $40.00 per returned item
 Stop Payment  $25.00
 Mortgage Verification Letter  $10.00
 Legal Fees (Subpoenas, tax liens, etc.)  $50.00
 ACH Origination Fee (1 fee per setup)  $25.00
 Chargeback Check Fee  $40.00

 

 

Automated Teller Machine (Credit Union’s)
Foreign Cards $ 2.50 per transaction [9/27/2016]

 

Automated Teller Machines (Other than the Credit Union’s)
Balance Inquiries Checking/Savings (PLUS System Only) $ .50 per transaction
Point of Sale Transactions (Not currently Available) $ .10 per transaction
Transfer from Checking/Savings (PLUS System Only) $1.00 per transaction
Withdrawal from Checking/Savings (PLUS System Only) $1.00 per transaction

 

 

 


 

Disclaimer

***Disclosure: The Board of Directors of the First NRV Federal Credit Union reserves the right to amend these rates from time to time. Notification of such changes will be forwarded to all members.

 

 



 




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