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Financial Rates
Loan Rates
Effective as of : 8/12/2008
Loan rates are expressed as Annual Percentage Rate (APR).  Rates appearing on this page are base rates.  The actual rate will be determined as part of the loan analysis after the credit union has obtained a credit report and any other information required to make the loan decision.  Your rate may be higher or lower than the base rate.


New Cars and Trucks 0% Down

Up to 60 Month Term 5.35% APR*
61 to 72 Month Term 5.95% APR*
  • * Reduced 0.10% with 10% down.

Used Cars and Trucks ´00 Through ´07s

Up to 60 Month Term 6.25% APR

New Boats and RVs

Up to 60 Month Term

5.50% APR

61 to 120 Month Term

6.25% APR

85 to 120 Month Term

 6.25% APR
121 to 180 Month Term 7.05% APR*
* Loans of $30,000 or more.

Used Boats and RVs

Up to 60 Month Term

6.55% APR

61 to 84 Month Term

7.05% APR


Other Loans

TYPE TERM ANNUAL PERCENTAGE RATE
Classic or Antique Car up to 60 month term 7.25% APR
Home Improvement up to 60 month term 7.50% APR
Computer of Educational up to 60 month term 7.50% APR
Mobile home up to 84 month term 8.20% APR
New Farm or utility equipment up to 60 month term 7.25% APR
Used Farm or utility equipment up to 60 month term

8.50% APR

Signature Loan up to 12 month term 9.00% APR

Signature Loan

up to 24 month term

10.00% APR

Signature Loan 25 to 36 month term

11.00% APR

Signature Loan 37 to 48 month term 

12.00% APR

Revolving credit loan

    15.90% APR

Home Equity Loans

Open-End variable rate line of credit as low as Prime - 0.25% APR  Floor Rate 3.75% APR
Closed-End fixed rate as low as 5.50% APR 

1st Mortgage Loans
Call us for current rates.


Classic Visa Credit Card
12.9% APR, No Annual Fee, 25 Day Grace Period.
No Minimum Finance Charge.

Platinum Preferred Visa Credit Card

9.9% APR or 10.9% APR, No Annual Fee, 25 Day Grace Period.
No Minimum Finance Charge.  Rate determined by credit score.


Savings Rates

Effective as of : 8/12/2008
Dividend rates for July 1 through July 31, 2008, credited to accounts on August 1, 2008.
  
Savings rates are expressed as Annual Percentage Yield ( APY) and Annual Percentage Rate (APR).
Regular Share Account Special Share Account Christmas Club Account Share Draft /Checking Account IRA
Dividends
Dividend Rate 0.75% APR 0.75% APR 0.65% APR 0.00% APR 1.75% APR
APY 0.75% APY 0.75% APY 0.65% APY 0.00% APY 1.76% APY
Dividend Compounding Monthly Monthly Monthly None Monthly
Dividend Credit Monthly Monthly Monthly None Monthly
Balance Requirements
Minimum Opening Balance $5.00 $5.00 $5.00 $5.00 $5.00
Minimum Balance for Dividend $100.00 $100.00 $5.00 $0.00 $0.00
Dividend Computation Method Daily Balance Daily Balance Daily Balance None Daily Balance

Certificate of Deposit Rates
Effective as of : 8/12/2008
6 Months 12 Months 24 Months 36 Months 48 Months
$5,000 2.70% APR/ 2.72% APY 3.15% APR/ 3.15% APY 3.55% APR/ 3.49% APY 3.75% APR/ 3.62% APY 4.00% APR/ 3.78% APY
$10,000 2.80% APR/ 2.82% APY 3.25% APR/ 3.25% APY 3.65% APR/ 3.59% APY 3.85% APR/ 3.71% APY 4.10% APR/ 3.87% APY
Annual Percentage Rate (APR) and Annual Percentage Yield ( APY)
 
Money Market Account
As of 8/12/2008:
          $0.00 - $2,499.99                  0.00% APR/0.00% APY
          $2,500 - $24,999.99              1.65% APR/1.66% APY
          $25,000 or more                     2.00% APR/2.02% APY
         

Additional Calculators

 


Eaton County Educational Credit Union
180 High Street
P.O. Box 40
Charlotte, Michigan 48813
517.543.5030
Fax: 517.543.9677
memservice@eatonctyedcu.org