Focus First Federal Credit Union
 
 
 

Rates

CURRENT SAVINGS AND LENDING RATES

Annual Percentage Yield = APY

Annual Percentage Rate = APR

Rates effective: 07/26/17

 

SAVINGS RATES

Regular Savings (Shares) .35% APY minimum deposit $5.00

Kid’s Savings .35% APY minimum deposit $5.00

Holiday Savings .35% APY minimum deposit $5.00

Checking .50% APY on balances over $1,000

 

CERTIFICATE RATES

6 Month .60% APY minimum deposit $500.00

12 Month 1.00% APY minimum deposit $500.00

24 Month 1.35% APY minimum deposit $500.00

36 Month 1.45% APY minimum deposit $500.00

 

VISA PLATINUM CREDIT CARD

6 month Introductory Rate (purchases and balance transfers).......................6.49% APR

After the 6 month Introductory Rate (purchases and balance transfers)........9.49% APR

Cash Advance/Convenience Checks Rate....................................................11.49% APR

 

LOAN RATES

At Focus First Federal Credit Union, the Annual Percentage Rate (APR) is subject to credit evaluation and the member’s ability to pay. All rates subject to change without notice unless otherwise noted. Apply online for a loan.

Vehicles and Motorcycles

Qualified Hybrid vehicles will be eligible for a .25% rate reduction from listed rates.

2017 or newer
up to 48 months as low as 2.39%
49-60 months as low as 2.49%
61-66 months as low as 2.49%
67-72 months as low as 2.49%
73-84 months as low as 3.25%

2017
up to 48 months as low as 2.49%
49-60 months as low as 2.49%
61-66 months as low as 2.64%
67-72 months as low as 2.89%
73-84 months as low as 3.45%

2016
up to 48 months as low as 2.59%
49-60 months as low as 2.59%
61-66 months as low as 2.69%
67-72 months as low as 2.99%

2015
up to 48 months as low as 3.04%
49-60 months as low as 3.04%
61-66 months as low as 3.29%

2014 and older
up to 48 months as low as 3.74%

*Rates for this product are as low as stated. The Annual Percentage Rate is based on an evaluation of applicant credit.

Rate is also based on the selected term and loan to value for vehicle loans. An evaluation of applicant credit  determines the total amount financed and term. Factory invoice is used for  new vehicle values and the NADA book value for used vehicles. Your rate and total amount financed may vary from the stated rate and maximum financing.

 

New Boats & Recreational Vehicles (2015 and newer)

 0-48 months as low as 6.25%
49-72 months as low as 6.75%
73-120 months as low as 7.25%

 

Used Boats & Recreational Vehicles (2014 and older)

0-48 months as low as 7.00%
49-84 months as low as 7.50%

 

Snowmobiles/ATVs

up to 60 months as low as 7.35%

 

Farm/Industrial

up to 60 months as low as 5.74%

 

Christmas/Vacation ($2000 max)

up to 12 months as low as 9.90%

 

Consolidation ($10,000 max)

up to 55 months....5.95%

 

Personal ($15,000 max)

up to 55 months....5.95%

 

Home Improvement ($15,000 max)

up to 60 months as low as 7.00%

 

Share Secured

up to 55 months, Dividend rate + 3%

 

Overdraft Protection

15.90%

 

HOME EQUITY PRODUCTS

Home Equity Loan (fixed rate installment loan) ***

Amounts from $7,500 to $250,000
5 years 3.99%
10 years 4.75%
15 years 5.49%

Loan-to-value ratio = 85%

 

Home Equity Lines of Credit

1. Equity Advantage Program****
Amounts from $7,500 to $15,000
Prime Rate + 1.25% APR (Floor of 4.50% APR)

Loan-to-value ratio= 95%

 

2. Prime Plus Equity Program ****
Amounts from $10,000 to $24,999
2.49% APR Intro rate then Prime Rate + 1.00% APR after 6 months (Floor of 4.50%)

Loan -to-value ratio = 85%

 

3. Prime Equity Program ****
Amounts of $25,000 and over
2.49% APR Intro rate then Prime Rate + 0% APR after 6 months (Floor of 4.50%)

Loan-to-value ratio = 85%

 

*Dividends on our savings (shares) accounts are compounded and paid quarterly on the average daily balance for the quarter. This is a prospective rate and may be changed at the end of the quarter. Fees may reduce effective yield.

**Dividends on our checking (share draft) accounts are compounded and paid monthly on the average daily balance for the month. This is a prospective rate and may be changed without notice. Fees may reduce effective yield.

*** There are no closing costs incurred by the member for the fixed rate Home Equity Loan unless the loan is paid in full within the first 24 months of inception.

****The HELOC rates are variable and can change semiannually (January 1st and/or July 1st). There are no closing costs incurred by the member unless the line of credit is closed within 24 months of inception. The ceiling for the FFFCU HELOC is 18%. Property insurance and flood insurance, if applicable, are required. Ask your tax advisor about possible tax deductions of interest paid on the HELOC.

 






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