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Rates current as of June 1, 2011.

 

Savings Accounts
Account Min. Opening Deposit Min. Balance to Obtain APY Dividend
Rate (%)
Annual Percentage Yield (%)
Share Savings Account 25.00 200.00 0.00 0.00
0.20 0.20
0.30 0.30
0.40 0.40
0.50 0.50
IRA Savings Account 25.00 200.00 0.00 0.00
0.20 0.20
0.30 0.30
0.40 0.40
0.50 0.50
Christmas Club Account 5.00 200.00 0.10 0.10
Vacation Club Account 5.00 200.00 0.10 0.10
Share Draft Account 50.00 1,000.00 0.05 0.05

 

Certificates of Deposit
Term
Dividend Rate (%)
Annual Percentage Yield APY (%)
Share Certificate Account
6 Months < 10,000.00 0.50 0.50
6 Months >10,000.00 0.60 0.60
12 Months < 10,000.00 0.75 0.75
12 Months >10,000.00 0.85 0.85
24 Months < 10,000.00 1.00 1.00
24 Months >10,000.00 1.25 1.26
IRA Share Certificate Account
12 Months < 10,000.00 0.75 0.75
12 Months >10,000.00 0.85 0.85
24 Months <10,000.00 1.00 1.00
24 Months >10,000.00 1.25 1.26


The dividend rate and annual percentage yield may change at anytime, as determined by the credit union Board of Directors. Rates and terms are accurate as of June 1, 2011 and are subject to change.

Loan rates can be obtained by calling us at (504) 431-6577, option 2 and speaking to a lending officer or member service representative. 

Collection Costs: You promise to pay all costs of collecting the amount you owe under this agreement including court costs and reasonable attorney fees.

Loan Application Fee: $35.00 regular loan;

Late Charges: If your installment payment is more than 5 days late, you will be charged a late fee of $30.

Share Secured: The Annual Percentage Rate (APR) for Share Secured Advances will be the dividend rate being paid on regular shares on the date of the advance plus 3.00%. 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. The APR is subject to change only at the time of a new advance. Any increase in the APR will result in an increase in the payment amount or more payments of the same amount until what you owe has been repaid.

Certificate Secured: The Annual Percentage Rate (APR) will be the dividend rate being paid on the Certificate offered as security plus 3.00%. The Certificate must be renewed until the advance is completely paid. Failure to renew will result in default. 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 an increase in the payment or more payments of the same amount until what you owe has been repaid. The APR and daily periodic rate will be disclosed on the voucher at the time of the advance.

Filing Fees: If you give a security interest in certain types of property, we may charge you a filing fee to perfect our interest in the property. If so, the amount of the fee will be disclosed to you at the time you obtain an advance.

Risk Based: The Annual Percentage Rate (APR) you receive will be within the range disclosed above and is based on your credit worthiness, loan to value (LTV) and age of collateral. Please ask us for the rate that you qualify for. Loan Rates and terms are accurate as of June 1, 2011 and are subject to change.

Click here for account disclosures.



 

 

* Holiday Loans Are Available *

 

 

The credit union is now located next

to the Cornerstone Chemical Company fitness center.

 

  

 

2 New loans being offered here at the Credit Union. 

"Caring and Sharing Helps" or the Caring and Sharing Helps Too" Loan.

Click here for more information

 

© Copyright 2010 Cy-Co Federal Credit Union.