Promotions
|
| |
Eligible for IRA |
Minimum Balance |
Rate |
Annual Percentage
Yield (APY) |
| Money Market Promotion* |
N/A |
$2500 |
2.710 |
2.750 |
| 7 Month Promotional Certificate** |
NO |
$2500 |
2.950 |
3.000 |
| 15 Month Promotional Certificate** |
NO |
$2500 |
3.200 |
3.250 |
| 19 Month Promotional Certificate** |
NO |
$2500 |
3.442 |
3.500 |
|
* All Money Markets are backed by the NCUA insurance fund,
the strongest government-backed financial institution insurance
fund available. $2,500 minimum to open account and earn dividends.
Fees may reduce earnings. New money only. Membership qualifications apply.
** $2,500 minimum to open account and earn dividends. Penalty
for early withdrawal. Additional qualifications may apply.
Fees may reduce earnings. New money only. Membership qualifications apply.
*** Offer is subject to change. Minimum deposit amount is
$2,500. Maximum deposit amount is $100,000. Trustee transfer
must be made within 30 days of account opening. Please consult
your tax advisor regarding tax deductible benefits. Certain
qualifications apply. Cannot be combined with any other offers.
Rate subject to change without notice. |
| Promotional Vehicle Loan Rate |
|
Model Year |
Term |
APR |
| 2009-2006 |
up to 36
months |
4.49% * |
*APR=Annual Percentage Rate. 4.99% APR not eligible for up to $200
cash back offer. Eligibility for lowest rate is based on year of vehicle,
creditworthiness, ability to repay, credit score and term of loan. Rate
subject to change without notice.
Savings Rates
|
| Jumbo Certificates |
| Jumbo Certificates are available for
certificate balances of $100,000 or greater for any term listed
below. Jumbo Certificate rates are .25% above the quoted rate for
the term of the certificates below. |
| Certificates |
Eligible for IRA or SEP |
Minimum Balance |
Rate |
Annual Percentage Yield (APY)
|
|
3 Month Certificate
|
|
$500
|
1.79
|
1.80
|
|
6 Month Certificate
|
|
$500
|
2.28
|
2.30
|
|
9 Month Certificate
|
|
$500
|
2.33
|
2.35
|
|
12 Month Certificate
|
YES
|
$500
|
2.37
|
2.40
|
|
12 Month Certificate - Variable
|
YES
|
$500
|
2.37
|
2.40
|
| The 12 Month Variable rate is also
available for a Roth IRA or an Educational IRA |
|
15 Month Certificate
|
YES
|
$500
|
2.42
|
2.45
|
|
18 Month Certificate
|
YES
|
$500
|
2.42
|
2.45
|
|
24 Month Certificate
|
YES
|
$500
|
2.52
|
2.55
|
|
36 Month Certificate
|
YES
|
$500
|
2.72
|
2.75
|
|
48 Month Certificate
|
YES
|
$500
|
3.11
|
3.15
|
|
60 Month Certificate
|
YES
|
$500
|
3.20
|
3.25
|
| Savings |
|
|
|
|
| Savings & Club Accounts |
Minimum Balance |
Rate |
Annual Percentage Yield
(APY) |
|
|
5 to 99.99
|
.00
|
.00
|
|
100 to 9,999.99
|
.48
|
.48
|
|
10,000 to 49,999.99
|
.60
|
.60
|
|
50,000 to 99,999.99
|
.75
|
.75
|
|
Greater than 100,000
|
.85
|
.85
|
|
IRA, Roth, Education Savings
|
|
$50 |
1.12
|
1.13
|
| Checking |
|
Minimum Balance |
Rate |
Annual Percentage Yield
(APY) |
|
Cash Back Checking*
|
|
$20 to open
|
4.90
|
5.01
|
|
Free Checking
|
|
$20 to open |
.00
|
.00
|
|
Premier Checking**
|
|
$10,000
|
1.98
|
2.00
|
|
Teen Checking
|
|
$20 to open |
.00
|
.00
|
|
Business Checking
|
|
$20 to open |
.00
|
.00
|
| MarketSure Money Market † |
Minimum Balance |
Rate |
Annual Percentage Yield
(APY) |
|
|
2,500 to 9,999
|
.75
|
.75
|
|
10,000 to 24,999
|
1.00
|
1.00
|
|
25,000 to 49,999
|
1.49
|
1.50
|
|
50,000 to 99,999
|
1.79
|
1.80
|
|
Greater than 100,000
|
1.98
|
2.00
|
| Relationship Money Market*** |
Minimum Balance |
Rate |
Annual Percentage Yield
(APY) |
|
|
0-2,499
|
0.00
|
0.00
|
|
>2,500
|
1.00
|
1.00
|
|
>10,000
|
1.49
|
1.50
|
|
>25,000
|
1.98
|
2.00
|
|
>50,000
|
2.28
|
2.30
|
|
>100,000
|
2.47
|
2.50
|
| Optimizer Investor Money Market ^ |
Minimum Balance |
Rate |
Annual Percentage Yield
(APY) |
|
|
$2500 |
2.95
|
3.00
|
* Cash Back Checking requires $20 opening balance; no minimum
balance thereafter. If requirements are met during statement cycle,
6.01% APY ("Dividend") is paid up to $25,000, on any balance above
$25,000, 0.50% APY is paid. If requirements are met in statement
cycle, ATM fees of up to $2 per transaction and $20 per statement
cycle will be refunded. Requirements for earning dividend and
fee refunds include: 12 VISA debit card transactions in cycle
(ATM withdrawals excluded), accept electronic statement delivery,
and three bill payments per cycle.
† Balances below $2,500 in the MarketSure Money Market account
do not earn dividends.
*** The Relationship Money Market Account requires a certificate
of deposit (CD) of 12 months or greater with a balance of $10,000
or more OR a checking account and an aggregate loan balance of
$5000. Balances below $2,500 in the Relationship Money Market
account do not earn dividends. Relationship money market account
will revert back to MarketSure Money Market account if relationship
criteria mentioned above is not maintained.
^ To qualify to open an Optimizer Investor Money Market, you
must have $50,000 in investments with Power Investment Services.
Rates are current as of 7/03/2008 and are subject to change
at any time. Please contact the credit
union for more detailed account information. Power Financial Credit Union Fee Schedule.
|
Loan Rates
Interest rates quoted below include a .25% discount for automatic
payment from your CU account. Eligibility for the lowest rate which
is stated below is based on credit worthiness, ability to repay,
credit score, down payment, and term of loan. Rates are subject to
change at any time. |
|
Consumer Loans |
|
|
|
APR |
|
Personal Line of Credit |
9.24% |
| New Vehicle Loan Rates |
|
Model Year |
Term |
APR |
| 2008-2009 |
up to 36
months |
5.24% |
| 2008-2009 |
37-60 months |
5.49% |
| 2008-2009 |
61-66 months |
5.74% |
| 2008-2009 |
67-72 months |
6.24% |
| 2008-2009 |
73-84 months |
7.24% |
| Used Vehicle Loan Rates |
| Model Year |
Term |
APR |
| 2007 |
up to 36
months |
5.49% |
| 2006 |
up to 36
months |
5.99% |
| 2005 |
up to 36
months |
6.49% |
| 2004 |
up to 36
months |
7.49% |
| 2003 |
up to 36
months |
8.49% |
| 2002 |
up to 24
months |
10.49% |
| New Motor Home,
Trailer, RV (2008-2009 call for term) |
8.00 |
| Used Motor Home,
Trailer, RV (2007 - call for term) |
9.00 |
| New Boats (2008
- 2009 call for term) |
7.50 |
| Used Boats (2007
- call for term) |
8.50 |
| New Motorcycles
(2008 - 2009 call for term) |
8.50 |
| Used Motorcycles (2007
- call for term) |
9.25 |
| For Credit Card information,
please see our Credit
Cards section. |
| |
| |
Term |
| Home Equity |
Max LTV |
5yr |
7yr |
10yr |
12yr |
15yr |
20yr |
| Home Equity
Closed End- Fixed Rate |
90% |
5.99% |
6.24% |
6.74% |
6.99% |
7.24% |
7.24% |
| Equity Accumulator Loan
* |
80% |
5.49% |
5.74% |
5.99% |
n/a |
6.24% |
6.24% |
| Home Equity LOC-Variable
Rate** |
80% |
As Low as Prime minus .50% |
| Home Equity Hybrid LOC |
80% |
2yr Fixed rate as low as
5.50% then Variable Rate starting as low as Prime -
.75% |
| * The maximum loan
amount for the Equity Accumulator loan is $250,000.
A 20 year term is also available for this loan.
** Credit Union pays up to $800 towards closing costs
on new loans and refinances. Member reimburses Credit
Union if loan is closed within 24 months.
Minimum LOC requirements for HELOCs vary between
$10K - $40K. Payments are based on a 15-year repayment
schedule.
Interest rates quoted above include a .25% discount
for automatic payment from your Credit Union account.
Eligibility for the lowest rates stated above are
based on credit worthiness, ability to repay, credit
score, down payment, and term of loan. Rates are subject
to change at any time. If you have any questions,
please contact the
credit union for more detailed information.
Apply
for a mortgage online with Power Financial.
Continue
your mortgage application online. |
| |
Term |
| Mortgages |
Rate |
APR |
Points |
| Fixed Rate 15
year loan |
6.000 |
6.0330% |
0.000 |
| Fixed Rate 15
year loan |
5.800 |
5.9890% |
1.000 |
| Fixed Rate
20 year loan |
6.375 |
6.3998% |
0.000 |
| Fixed Rate 20 year loan |
6.175 |
6.3256% |
1.000 |
| Fixed Rate 30 year loan |
6.375 |
6.3938% |
0.000 |
| Fixed Rate 30 year loan |
6.175 |
6.2887% |
1.000 |
| Fixed Rate 40 year loan |
7.375 |
7.3924% |
0.000 |
| Jumbo Mortgages (Loan amounts
> $417,000) |
| EZ Jumbo Mortgage 30 year
loan |
6.620 |
6.6444% |
0.000 |
| Fixed Rate 15 year loan |
7.125 |
7.1370% |
0.000 |
| Fixed Rate 30
year loan |
8.250 |
8.2630% |
0.000 |
| Balloon Mortgages |
| 3-5 yrs |
5.99 |
Terms to
30 yrs |
0.000 |
| 7-10 yrs |
6.24 |
Terms to
30 yrs |
0.000 |
| 3-5 yrs |
6.24 |
Terms
to 40 yrs |
0.000 |
| 7-10 yrs |
6.49 |
Terms to
40 yrs |
0.000 |
| Adjustable Rate Mortgages |
| 1 year Adjustable
Rate Mortgage (ARM) |
call for quote |
call for quote |
0.000 |
| 5 year Adjustable
Rate Mortgage (ARM) |
call for quote |
call for quote |
0.000 |
| 3/1 ARM |
6.250 |
6.3029% |
0.000 |
| 5/1 ARM |
6.000 |
6.0521% |
0.000 |
| 40 Year Adjustable Rate
Mortgage (ARM) |
call for quote |
call for quote |
0.000 |
| 5/1 ARM 30 Year Adjustable
Rate Mortgage |
call for quote |
call for quote |
0.000 |
| Additional Mortgage Programs |
| First Time Home Buyer Mortgage
15 year loan |
call for quote |
call for quote |
0.000 |
| First Time Home
Buyer Mortgage 30 year loan |
7.000 |
7.0120% |
0.000 |
| Stated Income (Self Employed
Borrowers) 30 year loan |
call for quote |
call for quote |
0.000 |
The Stated Income (Self Employed Borrowers) rate
is based on a maximum 80% LTV.
APR Assumptions- The ANNUAL PERCENTAGE RATE
(APR) is calculated on a loan amount of $100,000 for the purchase of
a single family primary residence. This annual rate of interest
example takes into account a 20% downpayment. Mortgage interest
rates are subject to points for loan amounts less than $60,000.
The actual rates quoted above may vary depending
on program availability, credit, Loan to Value, cash out, term, loan
size, waiving of escrows, length of lock, income and other Secondary
Market Guidelines.
Mortgage Interest rates are subject to change at
any time and are quoted based on a 30 day rate lock upon receipt of
application.
All loan rates above are current as of 7/03/2008.
Rates and terms are subject to change without notice. Power Financial Credit Union Fee Schedule
|
|
