Rates
CURRENT SAVINGS AND LENDING RATES
Annual Percentage Yield = APY
Annual Percentage Rate = APR
SAVINGS RATES - Effective 11/21/2024
Regular Savings (Shares) .10% APY minimum deposit
$5.00
Kid’s Savings .10% APY minimum deposit $5.00
Holiday Savings .10% APY minimum deposit $5.00
Checking .10% APY on balances over $1,000
CERTIFICATE RATES - Effective 11/21/2024
6 Month 0.20% APY minimum deposit $500.00
6 Month 3.99% APY minimum deposit $500.00 (NEW)
12 Month 2.50% APY minimum deposit $500.00
24 Month 0.50% APY minimum deposit $500.00
36 Month 0.55% 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 - Effective 11/21/2024
Qualified Hybrid vehicles will be eligible for
a .25% rate reduction.
2024-2025
up to 48 months 5.34%
49-60 months 5.34%
61-72 months 5.34%
73-84 months 7.20%
2024 - Used
up to 48 months 5.60%
49-60 months 5.60%
61-72 months 6.30%
73-84 months 7.40%
2023 - Used
up to 48 months 5.60%
49-60 months 5.60%
61-72 months 7.40%
2022 - Used
up to 48 months 5.60%
49-60 months 5.60%
61-66 months 6.80%
2021 - Used and older
up to 48 months as low as 7.20%
*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 (2021 and newer)
0-48 months as low as 7.25%
49-72 months as low as 7.75%
73-120 months as low as 8.25%
Used Boats & Recreational Vehicles (2019 and older)
0-48 months as low as 8.00%
49-84 months as low as 8.50%
Snowmobiles/ATVs
up to 60 months as low as 7.35%
Farm/Industrial
up to 60 months as low as 7.99%
Christmas/Vacation ($2000 max)
up to 12 months as low as 10.25%
Personal / Consolidation Loans
up to 60 months as low as 10.25%
Credit Assist Loan ($500.00 max)
9 month term, 11.50%
Home Improvement ($15,000 max)
up to 60 months as low as 7.64%
Share Secured
up to 60 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 7.00%
10 years 7.49%
15 years 7.99%
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 5.25% 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 5.25%)
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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