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Share • Auto • RVs • Signature Loans • Visa • Home Equity
** ALL RATES ARE THE SAME AS MONROE COUNTY COMMUNITY CREDIT UNION RATES as of 10/1/09. **
visit www.mcccu.org
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New Autos
(as low as)
5.75%APR* |
Auto Loan Special!
Come see the Financial Institution You Own!
Apply Online
If you are purchasing a new Ford, GM, or Chysler your rate may be .25% less!
Some restrictions may apply • Call 734-243-5700 ext. 16
for pre-approved financing.
*APR = Annual Percentage Rate. This is a limited time offer beginning June 22, 2009. Offer is made for new loans only and is not available to refinance loans from Monroe Area Federal Credit Union. Advertised rate is available for new vehicle model years 2008 and 2009 for terms up to 60 months, and for used vehicle model years 2004 through 2007 for terms up to 48 months. Other rates and terms are available. Special offer does not qualify for a rate reduction for Service Rewards/Loyalty Bonuses. Must meet membership eligibility requirements which includes persons who live, work, worship, or attend school in Monroe County. Rates are subject to change at anytime without notice. MAFCU/MCCCU is an Equal Opportunity Lender.
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Used Autos
(as low as)6.49%APR*
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SHARE RATES
** ALL RATES ARE THE SAME AS MONROE COUNTY COMMUNITY CREDIT UNION RATES as of 10/1/09. **
visit www.mcccu.org
Share Savings Rates as of October 1, 2009. Rates accurate at time of posting and are subject to change.
| Share Account |
Rate |
APY |
Minimum Balance |
| Regular Share |
.25% |
.25% |
$5.00; $300 minimum to earn |
|
Christmas Share Club |
.25% |
.25% |
$1.00; $100 minimum to earn |
|
Vacation Share Club |
.25% |
.25% |
$1.00; $100 minimum to earn |
|
Money Management Account |
.00% |
.00% |
$0.00 |
|
Organizational Share |
.25% |
.25% |
$5.00 |
|
Insurance Share Account |
.10% |
.10% |
$5.00 |
|
Checking ( Share Draft) |
0% |
0% |
$0.00 |
|
Investment Checking ( Share Draft) |
.25% |
.25% |
$2,500.00 |
|
|
.50% |
.50% |
Over $10,000 |
Youth Certificates
of Deposit |
1 Year |
|
2 Years |
|
3 Years |
|
|
Balance |
Rate |
APY |
Rate |
APY |
Rate |
APY |
|
Minimum $250.00
*Ages 17 and under |
1.00% |
1.00% |
1.240% |
1.25% |
1.735% |
1.75% |
Certificates
of Deposit (CDs) |
|
|
|
|
Term |
Rate |
APY |
Compounds |
|
3 Month |
0.50% |
0.50% |
Monthly |
|
3 Month* |
0.75% |
0.75% |
Monthly |
|
6 Month |
0.65% |
0.65% |
Monthly |
|
6 Month* |
1.09% |
1.10% |
Monthly |
|
12 Month |
1.09% |
1.10% |
Monthly |
|
12 Month* |
1.340% |
1.35% |
Monthly |
|
18 Month* |
1.290% |
1.30% |
Monthly |
|
18 Month* |
1.735% |
1.75% |
Monthly |
|
24 Month* |
1.830% |
1.85% |
Monthly |
|
24 Month* |
1.940% |
1.95% |
Quarterly |
|
36 Month |
1.23% |
1.25% |
Monthly |
|
36 Month* |
1.330% |
1.235% |
Quarterly |
|
48 Month |
2.48% |
2.50% |
Monthly |
|
48 Month* |
2.72% |
2.75% |
Quarterly |
|
60 Month |
2.670% |
2.70% |
Monthly |
|
60 Month* |
2.97% |
3.00% |
Quarterly | * Requires minimum deposit of $10,000
Bonus Certificates
of Deposit |
Minimum Deposit $25,000 |
|
|
| Term |
Rate |
APY |
Compounds |
|
3 Month |
1.00% |
1.00% |
Monthly |
|
6 Month |
1.240% |
1.25% |
Monthly |
| 12 Month |
1.380% |
1.40% |
Monthly |
|
18 Month |
1.830% |
1.85% |
Monthly |
| 24 Month |
2.230% |
2.25% |
Quarterly |
| 36 Month |
2.480% |
2.50% |
Quarterly |
| 48 Month |
2.97% |
3.00% |
Quarterly |
| 60 Month |
3.21% |
3.25% |
Quarterly |
IRA Certificates
of Deposit |
|
|
| Term |
Rate |
APY |
|
6 Month |
1.19% |
1.20% |
| 12 Month |
1.390% |
1.40% |
| 24 Month |
2.230% |
2.25% |
| 36 Month |
2.480% |
2.50% |
| 48 Month |
2.97% |
3.00% |
| 60 Month |
3.210% |
3.25% |
A penalty may apply to early withdrawals. APY (annual percentage yield) means a percentage rate reflecting the total amount of dividends/interest paid on an account, based on the rate and frequency of compounding for a 365 day period and calculated according to the rules in the Truth and Savings regulation. All CDs can compaound and will renew automatically if not redeemed during redemption period. Notice of renewal is sent 30 days prior to maturity. CD's will renew at current rates as of the date of maturity. Rates change frequently, however they are subject to change without notice.
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YOUR SAVINGS ARE FEDERALLY INSURED UP TO $250,000 BY THE NATIONAL CREDIT UNION ADMINISTRATION.
LOAN RATES
** ALL RATES ARE THE SAME AS MONROE COUNTY COMMUNITY CREDIT UNION RATES as of 10/1/09. **
visit www.mcccu.org
Loan Rates as of June 22, 2009. Rates accurate at time of posting and are subject to change.
We now base loan approval and interest rate on credit score. Rates can be adjusted per
applicant based on qualifying criteria. Please contact the credit union for more details.
| Loan Type |
Annual Percentage Rate |
| New Autos (Also includes: snowmobiles, watercraft, motorcycles, 4wheelers) |
As low as 5.75% APR* |
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Used Autos |
As low as 6.49% APR* |
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Personal Loans |
As low as 10.25% APR* |
|
Educational Loans |
As low as 9.25% APR* |
| Recreational Vehicle Loans (Includes: boats, travel trailers, motor homes) |
As low as 8.75% APR* |
| Revolving Line of Credit Loans |
As low as 9.00% APR* |
| Home Equity Loans |
Wall Street Prime + 0% |
| Mortgage Loans |
Contact the credit union |
Terms are dependent upon amount financed. FIXED RATES for *asterisked* loan categories represent the lowest rate available to qualified borrowers. Rates are based on the member's credit history. A range of all rates is listed.
Check your credit report online free!
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Service Usage Rewards/ Loyalty Bonuses
All members are eligible for Service Rewards/Loyalty Bonuses. Click here to view full list of discounts!
*Annual Percentage Rates and Terms are subject to credit approval*
Terms are dependent upon amount financed. FIXED RATES for *asterisked* loan categories represent the lowest rate available to qualified borrowers. Rates are based on the member's credit history. A range of all rates is listed.
| VISA |
Classic |
Platinum |
|
Annual Percentage Rate for Purchases |
11.90%
based on debt ratio of under 49% |
8.90%
based on credit worthiness |
| Annual Percentage Rate for Purchases |
12.90%
based on debt ratio of 50-64% |
8.90%
based on credit worthiness |
| Annual Percentage Rate for Purchases |
13.90%
based on debt ratio of 60-65% |
8.90%
based on credit worthiness |
| Annual Percentage Rate for Cash Advances |
Same as APR* for Purchases |
8.90% |
| Annual Percentage Rate for Balance Transfers |
Same as APR* for Purchases |
8.90% |
| Minimum Finance Charge |
$0.00 |
$0.00 |
| Annual Membership Fee |
$0.00 |
$0.00 |
| Grace Period for Repayment of the Balance for Purchases |
25 Days |
25 Days |
| Late Payment Fee |
$10.00 |
$10.00 |
| Method of computing the balance for Purchases |
Average Daily Balance including New Purchases. |
Average Daily Balance including New Purchases. |
*APR: Annual Percentage Rate
VISA loan categories represent the lowest rate available to qualified borrowers. Rates are based on the member's credit history and debt ratio. A range of all rates is listed.
** ALL RATES ARE THE SAME AS MONROE COUNTY COMMUNITY CREDIT UNION RATES. **
APR: Annual Percentage Rate
APY: Annual Percentage Yield
Monroe Area Federal Credit Union
1510 East Elm Avenue
Monroe, Michigan
48162
734.243.5700
Fax: 734.243.3432
info@monroeareafcu.com
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