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Current Rates (click here for Fees)
Rates current as of July 8, 2008
NORTHERN NM SCHOOL EMPLOYEES FEDERAL CREDIT UNION
CURRENT INVESTMENT RATES AS OF: JANUARY 1, 2009 |
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| ACCOUNT |
MINIMUM |
INTEREST RATE |
APY* |
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| Regular Shares |
$500 |
0.50% |
0.50% |
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| Secondary Shares |
$500 |
0.50% |
0.50% |
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| Share Draft |
$0 |
0.00% |
0.00% |
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| GEM Checking |
$0 |
0.00% |
0.00% |
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| Christmas Club |
$500 |
0.50% |
0.50% |
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| IRA Shares |
$500 |
2.25% |
2.27% |
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| Roth IRA |
$500 |
2.25% |
2.27% |
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| Education IRA |
$500 |
2.25% |
2.27% |
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| 6 Month Share Certificate |
$1,000 |
2.00% |
2.02% |
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| 12 Month Share Certificate |
$1,000 |
2.30% |
2.32% |
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| 24 Month Share Certificate |
$1,000 |
2.50% |
2.52% |
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| 36 Month Share Certificate |
$1,000 |
2.75% |
2.78% |
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| 20 / 20 Month Certificate |
$20,000 |
2.60% |
2.63% |
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| 50 / 20 Month Certificate |
$50,000 |
2.80% |
2.83% |
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| Spec 15 Mo Certificate |
$1,000 |
2.40% |
2.43% |
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| Senior Rates (55 and over) |
| 6 Month F55 Certificate |
$1,000 |
2.25% |
2.27% |
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| 12 Month F55 Certificate |
$1,000 |
2.55% |
2.57% |
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| 24 Month F55 Certificate |
$1,000 |
2.75% |
2.78% |
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| 36 Month F55 Certificate |
$1,000 |
3.00% |
3.03% |
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| * Annual Percentage Yield |
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| Minimum required to open a regular share account if $25. There is a one time fee of $1 to open the account. Fees may reduce earnings on the account. For certificates, the minimum balance to open is also the minimum balance to earn a dividend, a penalty may be imposed for early withdrawal. The dividend on theSpec 15 Mo Certificate is paid monthly. All other certificate dividends are paid quarterly. Regular shares, sub share accounts, student accounts, share draft accounts, gem accounts, Christmas club accounts, and IRA share accounts may change every dividend period. The rate quoted above is the last rate declared by the Board of Directors. Contact an employee for further terms & conditions. |
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| *ANNUAL PERCENTAGE YIELD |
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Minimum required to open a regular share account is $25. There is a one time fee of $1 to open the account. Fees may reduce earnings on the account. For certificates, the minimum balance to open is also the minimum balance to earn a dividend, a penalty may be imposed for early withdrawal. The dividend on the Spec 15 Mo Certificate is paid monthly. All other certificate dividends are paid quarterly. Regular shares, sub share accounts, student accounts, share draft accounts, gem accounts, Christmas club accounts, and IRA share accounts may change every dividend period. The rate quoted above is the last rate declared by the Board of Directors. Contact an employee for further terms and conditions.
| CURRENT LOAN RATES |
| Effective Date: January 1, 2009 |
Replaces Addendum Dated: January 1, 2008 |
| Subaccount Description |
Approx. Term (In Months) |
Daily Periodic Rate |
ANNUAL PERCENTAGE RATE |
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Certificate
Secured
Advances |
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See below |
See below |
Share
Secured
Advances |
(Variable) |
0.00822% |
3.00% |
Fixed Rate
Share Secured
Advances |
120 Months |
0.01644% |
5.00% |
Signature
Advances |
12 Months
24 Months
36 Months
48 Months |
0.02466% - 0.04918%
0.02534% - 0.04918%
0.02603% - 0.04918%
0.02671% - 0.04918% |
9.00% - 17.95%
9.25% - 17.95%
9.50% - 17.95%
9.75% - 17.95% |
New and
Used Autos
& Trucks
(2007 and
newer) |
24 Months
36 Months
48 Months
60 Months
72 - 84 Mos |
0.01096% - 0.03425%
0.01164% - .003493%
0.01233% - 0.03562%
0.01301% - 0.03630%
0.01370% - 0.02192% |
4.00% - 12.50%
4.25% - 12.75%
4.50% - 13.00%
4.75% - 13.25%
5.00% - 8.00% |
Used Autos
& Trucks
(2005 to
2006) |
24 Months
36 Months
48 Months
60 Months
72 - 84 Mos |
0.01301% - 0.03630%
0.01370% - .003699%
0.01438% - 0.03767%
0.01507% - 0.03836%
0.01575% - 0.03836% |
4.75% - 13.25%
5.00% - 13.50%
5.25% - 13.75%
5.50% - 14.00%
5.75% - 14.00% |
Used Autos
& Trucks
(2004 &
Older) |
24 Months
36 Months
48 Months
60 Months
72 - 84 Mos |
0.01438% - 0.03836%
0.01507% - .003904%
0.01575% - 0.03973%
0.01644% - 0.03973%
0.01712% - 0.03973% |
5.25% - 14.00%
5.50% - 14.25%
5.75% - 14.50%
6.00% - 14.50%
6.25% - 14.50% |
New and
Used RV's
& Boats
over
$20,000 |
60 Months
72 Months
84 Months
96 Months
120 Months |
0.01781% - 0.02603%
0.01849% - 0.02671%
0.01918% - 0.02740%
0.01986% - 0.02808%
0.02055% - 0.02808% |
6.50% - 9.50%
6.75% - 9.75%
7.00% - 10.00%
7.25% - 10.25%
7.50% - 10.25% |
New and
Used RV's
& Boats
under
$20,000 |
48 Months
60 Months
72 Months
84 Months
120 Months |
0.01781% - 0.04110%
0.01849% - 0.04110%
0.01918% - 0.04110%
0.01986% - 0.04110%
0.02055% - 0.04110% |
6.50% - 15.00%
6.75% - 15.00%
7.00% - 15.00%
7.25% - 15.00%
7.50% - 15.00% |
Other
Vehicles |
24 Months
36 Months
48 Months
60 Months
72 Months |
0.01918% - 0.04247%
0.01986% - 0.04315%
0.02055% - 0.04384%
0.02123% - 0.04384%
0.02192% - 0.04384% |
7.00% - 15.50%
7.25% - 15.75%
7.50% - 16.00%
7.75% - 16.00%
8.00% - 16.00% | |
| *ANNUAL PERCENTAGE Rate |
VARIABLE RATE SHARE SECURED ADVANCES: The ANNUAL PERCENTAGE RATE (A.P.R.) is subject to change the first day of each quarter, (January, April, July, and October) and will be set at two (2%) percentage points above the dividend rate being earned on the Share account used as security (index) then rounded to the nearest quarter percent. If there is an existing balance on the date of the new advance, the existing balance will be added to the new advance and the entire balance will be at the new A.P.R. If the security is not maintained as required, you will be in default under the plan and the ANNUAL PERCENTAGE RATE (A.P.R.) will automatically revert to the current highest signature advance rate as disclosed in this agreement. Any increase in the A.P.R. will result in more payments of the same amount until what you owe has been repaid.
CERTIFICATE SECURED ADVANCES: The ANNUAL PERCENTAGE RATE (A.P.R.) will be set at two (2%) percentage points above the dividend rate being earned on the certificate account used as security (Index) then rounded to the nearest quarter percent. The certificate must be renewed until the advance is completely paid. Failure to renew will result in default under the Plan. When the Certificate is renewed the APR will change to reflect the new dividend rate. If there is an existing balance on the date of the new advance, the existing balance will be added to the new advance and the entire balance will be at the new APR. Any increase in the APR will result in more payments of the same amount until what you owe has been repaid. The annual percentage rate and the daily periodic rate will be disclosed on the voucher at the time of the advance.
SPECIAL DISCOUNTS ON ADVANCES: You may receive a lower ANNUAL PERCENTAGE RATE (A.P.R.) of 0.25% below the rate quoted above on the advance if you use at least two of the following services:
Share draft, direct deposit, payroll deduction, share certificate, Christmas club, or Internet banking
LATE CHARGE: There will be a late charge of $15.00 if your payment is over fifteen (15) days late.
COLLECTION COSTS: You promise to pay all costs of collection the amount you owe under this agreement including court costs and reasonable attorney fees.
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