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Rates

Rates effective as of January 3, 2012


All rates are subject to change without prior notice. These rates replace previously dated rates. These rates are for Extra Credit Union members only. A minimum deposit of $5 in a Regular Savings Account is required for membership.

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Vehicle Loans

Term APR*
1-60 Months As low as 2.99%
61-66 months As low as 3.49%
67-72 months As low as 3.99%
73-84 months As low as 4.49%

*APR is annual percentage rate. Offer requires member to participate in three of the four Extra Credit Union services in addition to E-Statements: Extra Credit Union Checking Account, Direct Deposit, Debit Card, and/or Automatic Payments. Minimum loan amount $5,000. Specific rates are based on the credit history and are determined after the application is reviewed. Rates are subject to credit approval. Promotional rates are available on new money only. Rates are subject to change at any time.


Recreational Vehicles, Boats and Jet Skis

Term APR*
1-48 Months As low as 6.25%
49-60 months As low as 6.75%
61-84 months As low as 7.25%
85-120 months As low as 7.75%
  • Specific rates are based on credit history and are determined after the application is reviewed. Rates are subject to credit approval.

Visa Credit Cards

  • Fixed rates as low as 10.99% APR
  • No Annual Fee
  • 25-day grace period
  • Subject to credit approval

Unsecured Loans

Type Term APR*
Signature Loans Up to84 months
 As low as 11%
FlexLine N/A As low as 9.00%


Secured Loans

Type Term APR*

Savings/Certificate

Secured Loans

 Up to 120 months
 As low as 5.25%

Mortgage Loans
First Mortgage Loans
  • First mortgage rates are available by contacting Extra Credit Union's Mortgage Division (586) 276-3000 Ext. 3109
  • APR is defined as Annual Percentage Rate
  • All loans are subject to credit approval
  • We do business in accordance with the Federal Fair Housing Law and Equal Credit Opportunity Act

Home Equity Line of Credit (HELOC)

Type Term APR*

Variable HELOC*

Rate Effective as of July 17,2011

 N/A As low as 4.25%

Variable HELOC rates are based on the prime rate +1as published in the Wall Street Journal on the 25th of each month and are subject to change monthly.

 

All loans subject to credit approval. Certain conditions may apply.

 

* APR is annual percentage rate on loan products.

 

We do business in accordance with the Federal Fair Housing Law and Equal Credit Opportunity Act.


Savings Products

Type APY** Minimum Balance
Regular Savings Account 0.05% $5
Checking Account N/A $0
Holiday Club 0.05% $0
Dream Account 0.05% $0
Savosaurus Youth Account 0.05% $0
IRA Savings Account 0.05% $0

$100 MinimumBalance Required to Earn Dividends



Money Market
APY** Minimum Balance
0.06% $5,000-$19,999.99
0.08% $20,000-$49,999.99
0.10% $50,000 and up
Dividends are Paid and Compounded Quarterly



Fixed-Rate Certificates

Term Rate APY** Minimum
Balance
180 Days 0.15% 0.10% $500
1 years 0.20% 0.15% $500
2 years 0.50% 0.40% $500
3 years 0.75% 0.65% $500
5 years 1.24% 1.00% $500

Dividends are paid and compounded quarterly. Penalty may be imposed for early withdrawal. Contact your personal attorney or tax advisor for advice on your personal situation. *Minimum Balance is $500.


IRA Certifications (Traditional, Roth & Coverdell Education)

Term Rate APY** Minimum
Balance
1 year 0.15% 0.15% $500
2 years 0.50% 0.40% $500
3 years 0.75% 0.65% $500
4 years 1.00% 0.80% $500
5 years 1.24% 1.00% $500
Dividends are paid and compounded quarterly. Penalty may be imposed for early withdrawal. Contact your personal attorney or tax advisor for advice on your personal situation.

**APY is annual percentage yield in savings products. The annual percentage yield is a percentage rate that reflects the total amount of dividends to be paid on an account based on the dividend rate and frequency of compounding for an annual period.

 

Fees may reduce earnings on accounts.

 

Click here to visit our Fee Schedule.