Your Board of Directors has approved the dividend rates and annual percentage yields (APY) listed below as of 2/15/08.
APY* - is the same as rate when member receives dividends monthly. (not compounded)
APYE**- when divindends are paid at maturity. (compounded)
Share Savings
Annual Percentage Rate*
Annual Percentage Yield**
$500 Minimum
1.00
1.00
Share Drafts
Annual Percentage Rate*
Annual Percentage Yield**
$7,500 and over
1.00
1.00
Money Market
Annual Percentage Rate*
Annual Percentage Yield**
$2,000 - $4,999
2.30
2.31
$5,000 - $9,999
2.40
2.41
$10,000 & over
2.50
2.51
Christmas Club
Annual Percentage Rate*
Annual Percentage Yield**
0.0
0.0
IRA Accounts
Insured by NCUSIF (up to $250,000)
Annual Percentage Rate*
Annual Percentage Yield**
all accounts
4.50
4.58
Certificates
Annual Percentage Rate*
Annual Percentage Yield**
6 mo. $500 min
Contact Manager
for Current Rates
12 mo. $1,000-$9,999.99
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12 mo. $10,000-$24,999.99
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12 mo. $25,000-$49,999.99
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12 mo. $50,000-$99,999.99
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12 mo. $100,000 and over
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NOTE: All cetificates will compound and renew automatically.
Rates subject to change each Tuesday due to the market fluctuations.
Loan Rates
The ANNUAL PERCENTAGE RATE for your loan will be within the range disclosed and is based on certain credit-worthiness criteria.
Ask the credit union for the rate you qualify for.
SPECIAL LOAN RATES APPLY FOR THE FOLLOWING:
CREDIT UNION REPOS
50% CASH DOWN - Vehicles, Boats, Motorcycles
MULTIPLE SERVICE DISCOUNT Apply for the following (Draft Account, VISA Card, Debit Card, Direct Deposit, Payroll Deduction, Certificate, New Member Referral (must open account)).
Personal
Daily Periodic Rate
Annual Percentage Rate
.026027% - .049315%
9.50% - 18.00%
Secured (titled collateral)**
Daily Periodic Rate
Annual Percentage Rate
New
.013698% - .038535%
5.50% - 18.00%
Used
.017808% - .041095%
6.50% - 18.00%
**At no time will secured rate be less than 5.00% with discounts
Share Secured*
Daily Periodic Rate
Annual Percentage Rate
100% Share Secured
.012689%
5.00% - No Discounts
Partial Shared Secured
.013698% - .049315%
5.50% - 18.00% - No Discounts
*No CU services discounts allowed
VISA
Daily Periodic Rate
Annual Percentage Rate
.032876%
12.00%
Check your VISA account through www.ezcardinfo.com. Click into the site and register your info and you can see your VISA card balance and history.
Norfolk Fire Federal Credit Union offers competitive rates for consumer loans.
We also offer risk based lending, for those members who may not otherwise qualify for a loan.
Risk Based Lending is based upon your current beacon score, ability to pay, and credit history with other financial institutions.
You may be charged a higher rate of interest on your loan than someone else due to these factors. Once you have reestablished your credit worthiness, you will be reevaluated and given a comparable rate on any new loans.
Additional loans, terms, and rates available upon request. See the Loan Officer for details.
Interest Rate Reduction
Credit Union Services Discount Program
For each type of account that you have with the Credit Union, except the Prime Share Account, you may receive a reduction off the current loan rate. Visa and Mortgage loans not included. Type of accounts considered: Visa Card, Debit Card, Checking Account, Direct Deposit, Money Market Account and Senior Saver Accounts, Certificates and New Member referral.
