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Mortgage and Home Equity Loan Rates-- Consumer Loan Rates -- Savings
MORTGAGE AND HOME EQUITY LOAN RATES
AS OF July 1, 2008 |
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| Rates are “as low as” for each loan category. The rate applicable for each borrower will be based on their individual credit worthiness. All loan approvals are subject to normal loan underwriting guidelines. Rates which are expressed as Annual Percentage Rates(APR) are accurate as of the date shown above. Rates are subject to change without notice. Credit Disability and Credit Life Insurance are available at affordable group rates. |
Mortgage Loan- Fixed Rate
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| TERM |
10 Year |
15 Year |
20 Year |
30 Year |
| RATE |
5.60 % |
5.80 % |
6.10 % |
6.50% |
| Annual Percentage Rate(APR) * |
5.71 % |
5.87 % |
6.16% |
6.55 % |
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Mortgage- 7 Year Balloon |
| TERM |
30 Year |
| RATE |
5.70 % |
| Annual Percentage Rate(APR) * |
5.79% |
*Assumes 20% down and $100,000.00 borrowed
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Fixed Rate Home Equity Loans
80% MAXIMUM (LTV) LOAN TO VALUE |
| TERM |
3 Year |
5 Year |
7 Year |
10 Year | 15 Year |
| Annual Percentage Rate(APR) |
4.75 % |
5.50 % |
5.70 % |
6.00 % | 6.20 % |
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Variable Rate Home Equity Line-of-Credit (HELOC) (1)
10 Year Draw Period |
| Plans |
Plan 1 (1) |
Plan 2 (1) |
Plan 3 (1) |
Plan 4 (1) |
| Maximum (LTV)Loan to Value |
60% |
70% |
80% |
90% |
| Annual Percentage Rate(APR) |
4.00 % |
4.50 % |
5.00 % |
6.00 % |
| Maximum Loan Amount |
$250,000 |
$250,000 |
$250,000 |
$100,000 |
(1)These rates are adjusted on a quarterly basis and are indexed to Prime Rate as published in the WALL STREET JOURNAL (WSJ). Adjusted rate effective July 1, 2008, based on the WALL STREET JOURNAL Prime Rate (5.00%) as of Jine 20 , 2008, in accordance with loan term. Maximum rate adjustment is 2% in a calendar year. Rate cannot go below 4.00%.
Minimum Real Estate secured loan amount $10,000.
Property must be owner occupied and primary residence located in Pennsylvania or Ohio.
$200 Application Fee applies to all real estate secured loans.
Please call your local credit union office for current details
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AS OF July 1, 2008 |
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| Rates are “as low as” for each loan category and include a .50% discount for automatic payments. The rate applicable for each borrower will be based on their individual credit worthiness. All loan approvals are subject to normal loan underwriting guidelines. Rates which are expressed as Annual Percentage Rates(APR) are accurate as of the date shown above. Rates are subject to change without notice. Credit Disability, Credit Life Insurance and GAP Protection are available at affordable group rates. |
New and Used Vehicles
2008, 2007 & 2006 Models |
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Discount (1) Rate
APR |
MONTHLY PAYMENT (2) PER $1,000 Borrowed |
Up to 48 months |
4.75 % |
3.75% |
$22.47 |
49 to 72 months |
6.00% |
5.00% |
$16.11 |
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Used Vehicles
2005, 2004 & 2003 Model Years |
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Up to 48 months |
6.00 % |
5.00 % |
$23.04 |
49 to 60 months |
6.50 % |
5.50 % |
$19.11 |
Used Vehicles
2002 and Older |
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Up to 24 months |
7.75 % |
6.75 % |
$44.67 |
25 to 48 months |
8.50 % |
7.50 % |
$24.19 |
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Quads, Dirt Bikes & Travel Trailers |
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1 to 60 months |
8.00 % |
7.25 % |
$19.81 |
1 to 48 months |
9.00 % |
8.50% |
$24.42 |
Boats & Motor Homes |
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1 to 96 months |
8.00 % |
7.00 % |
$13.64 |
1 to 72 months |
9.00 % |
8.00 % |
$17.54 |
DISCOUNTS
(1) 1.0% DISCOUNT IS GIVEN WHEN LOAN AMOUNT IS 80% OR LESS OF THE LOAN VALUES
(2) PAYMENT EXAMPLES ASSUME DISCOUNT APPLIED & MAXIMUM LOAN TERM AVAILABLE
LOAN VALUES
New Vehicle LOAN VALUE is MSRP plus any taxes, title fees, or extended service agreements associated with the purchase. Used and Older Vehicle LOAN VALUE is the Retail value as listed in the most recent NADA Used Vehicle Guide plus any taxes, title fees, or extended service agreements associated with the purchase. Quads, Dirt Bikes, Boats, Motor Homes & Travel Trailers – Average Retail. |
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PLEDGE LOANS |
Up to 60 Months |
| Share Pledge Loans |
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100 % secured loan at 3.0% APR over the then current APY of the deposit pledged as collateral for the term of the loan. Minimum APR is 4.0%. |
| Stock Pledge Loans |
6.5 % APR |
Up to 75 % approved stocks |
PERSONAL/SIGNATURE LOANS |
Up to 60 Months |
| 10.0 % APR |
The maximum loan amount granted unsecured is dependent on borrowers credit worthiness and level of indebtedness. |
SHARE AND CERTIFICATE ANNUAL PERCENTAGE YIELDS (APY) AS OF July 1, 2008 |
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APY |
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Regular Shares |
0.50 % |
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IRA, Roth IRA and Coverdell Education Shares |
0.50 % |
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| IMMA Shares |
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| Level 1 Balances under $9,999.99 |
0.50 % |
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| Level 2 Balances $10,000 to $24,999.99 |
1.70 % |
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| Level 3 Balances $25,000 to $49,999.99 |
2.20 % |
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| Level 4 Balances $50,000 and over |
2.70 % |
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Term Share Certificates, Traditional IRA Certificates, Roth IRA and Coverdell Education Certificates: |
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MINIMUM DEPOSIT |
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$500 |
$10,000 |
$25,000 |
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APY |
APY |
APY |
| 6 Month (Term Share Certificate Only) |
2.20 % |
2.50 % |
2.70 % |
| 12 Month |
2.30 % |
2.60% |
2.80 % |
| 24 Month |
2.50 % |
2.80 % |
3.00 % |
| 36 Month |
2.80 % |
3.10 % |
3.30 % |
| 48 Month |
3.10 % |
3.40 % |
3.60 % |
| 60 Month |
3.30 % |
3.60 % |
3.80 % |
Rates are subject to change or withdrawal without notice. Annual Percentage Yields (APYs) are accurate as of the date shown above.
Regular shares require a minimum deposit of $25. Dividends begin to accrue on all accounts indicated above on both cash and non-cash (e.g. checks) items from the date of deposit. Fees could reduce earnings. Share accounts closed before accrued dividends are credited to it will not be paid accrued dividends.
Insured Money Management Accounts require an initial deposit of $10,000. Dividends are calculated from the Date of Deposit to the Date of Withdrawal and are compounded and credited monthly.
Term Share Certificates (CDs) require a minimum deposit as indicated above. There is a substantial penalty for early withdrawal from a share certificate. A 30 DAY INTEREST PENALTY applies to 6 Month CDs. A 90 DAY INTEREST PENALTY applies to all other CDs.
Exceptions from the early withdrawal penalty include:
*Account owner dies or is declared legally incompetent
*IRA accounts where the owner is 59 1/2 or older or permanently disabled
All Annual Percentage Yields (APYs) are based on monthly compounding and crediting of dividends. Dividends must remain on deposit for the entire term in order to earn the stated APY. Dividends are paid from current income and available earnings after required transfers to reserves at the end of the dividend period. U$X Federal Credit Union membership is required.
Funds are insured to $100,000 and tax deferred deposits to $250,000 by the National Credit Union Share Insurance Fund. Accounts can be structured to provide higher levels of Federal Insurance depending on a member's financial situation. Current rates can be obtained by calling (724) 779-4800, extension 1. |
Visa Credit Card Rates as of
July 1, 2008 |
Annual Percentage Rate
on Purchases And Cash Advances
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Rate Information & Grace Period
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Fees |
VISA GOLD
9.90%
Fixed APR on calculated
average daily balances
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No Variable Rate
25 Day Grace Period on Purchases
No Grace Period on Cash Advances
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Annual Fee: None
Late Payment: $25.00
Returned Check: $30.00
Over Limit: $25.00
Merchant Draft Copy: $10.00
Card Replacement: $10.00
International Transaction
Fee: With currency conversion 1%, without 0.8% |
VISA CLASSIC
11.00%
Variable APR*
Effective 07/17/08
5.00% prime rate +6% = 11.00%
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* VARIABLE RATE INFORMATION:
The rate is determined by adding 6.0% to the Prime Rate, as published in the Money Rates Table of The Wall Street Journal. Adjusted quarterly, the minimum will never be less than 10.0% or greater than the maximum rate allowed by state law.
25 Day Grace Period on Purchases
No Grace Period on Cash Advances
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Annual Fee: None
Late Payment: $25.00
Returned Check: $30.00
Over Limit: $25.00
Merchant Draft Copy: $10.00
Card Replacement: $10.00
International Transaction
Fee: With currency conversion 1%, without 0.8% |
VISA CREDIT BUILDER
18.00%
Fixed APR Compensating Balance May Be Required
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No Variable Rate
25 Day Grace Period on Purchases
No Grace Period on Cash Advances
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Annual Fee: $50.00
Late Payment: $25.00
Returned Check: $30.00
Over Limit: $25.00
Merchant Draft Copy: $10.00
Card Replacement: $10.00
International Transaction
Fee:With currency conversion 1%, without 0.8%
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| Note: (1) The VISA GOLD Annual Percentage Rate (APR) of 9.90% is in effect for all purchases, cash advances and balances after August 10, 2007. (2) The VISA CLASSIC Annual Percentage Rate (APR) of 11.00% is in effect for all purchases, cash advances and balances after July 16, 2008.
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