LOAN
RATES
Annual Percentage Rates
are effective 5/14/2008 - until further notice. HOW TO COMPUTE
THE FINANCE CHARGE: The unpaid principal balance for each day is
multiplied
by
the daily
periodic
rate to determine the Finance Charge for that day. The sum of these
daily charges is the Finance Charge you will pay. The unpaid principal
balance is that balance which is in your account at the close of
business after all transactions, including payments and new borrowings,
have been entered. Finance Charges will be imposed from the date
of disbursement. There is no free period.
Secured Loans - Financing Includes tax and license fees.
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| (New and Used Autos and Classic Vehicles) .50% discount on rate with both a 20% down payment and direct deposit (total paycheck or loan amount or $500 whichever is more, otherwise .25% discount for either 20% down payment or direct deposit). |
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|
Fico Score |
Daily Periodic Rate |
Annual Percentage Rate* |
|
Maximum Loan amount is $75,000.00 |
730 & above |
.017808 |
6.50% |
|
Maximum term of 84 months |
680 - 729 |
.019178 |
7.00% |
|
*Rates listed are 24 month term |
640 - 679 |
.021917 |
8.00% |
|
Higher rates apply to longer terms |
600 - 639 |
.025342 |
9.25% |
|
|
550 - 599 |
.034246 |
12.50% |
|
Call for specials! |
549 & below |
.047945 |
17.50% |
| (Motorcycles, Boats, Recreational Vehicles) |
|
|
Fico Score |
Daily Periodic Rate |
Annual Percentage Rate |
|
Maximum Loan Amount is $75,000.00 |
730 & above |
.020547 |
7.50% |
|
Maximum term of 120 months |
680 - 729 |
.021917 |
8.00% |
|
|
640 - 679 |
.024657 |
9.00% |
|
|
600 - 639 |
.028767 |
10.50% |
|
|
550 - 599 |
.035616 |
13.00% |
|
|
549 & below |
.046575 |
17.00% |
Unsecured Loans
(Signature Loans)
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|
Fico Score |
Daily Periodic Rate |
Annual Percentage Rate |
|
Maximum Loan amount is $20,000.00 |
730 & above |
.027397 |
10.00% |
|
Maximum term of 60 months |
680 - 729 |
.032876 |
12.00% |
|
|
640 - 679 |
.036986 |
13.50% |
|
|
600 - 639 |
.041096 |
15.00% |
|
|
550 - 599 |
.049315 |
18.00% |
|
|
549 & below |
.049315 |
18.00% |
Lines Of Credit
|
|
|
Fico Score |
Daily Periodic Rate |
Annual Percentage Rate |
|
Maximum loan amount is $35,000 |
|
.035616 |
13.00 |
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SHARE SECURED
LOANS Ð 100% of the amount requested will be secured
against the account pledged. Maximum term of 48 months. Rate
is 5.00%
Rates and terms are subject to change. Call the Credit Union for
current rates. For Certificate Secured Share Advances the APR will
be fixed at 2.5 percentage points above the dividend rate being
paid on the certificate that is pledged for security .100% of the
amount requested will be secured against the account pledged. The
entire remaining unpaid balance will be due and payable upon maturity
of the certificate. The APR and corresponding Daily Periodic Rate
will be shown on the Loan Advance Request.
MORTGAGES
Rates
and points change daily. Please call 310-638-2934 or 1-800-AMFCU09
for current rates.
DREAM ACHIEVER EQUITY
LINE OF CREDIT
The
following is for informational purposes only. This is
not a loan commitment and is subject to change without prior
notice.
Call the
credit union for current specials!
| Interest Rate- |
Variable
- Based
on the Prime Rate (Call for quote) |
|
|
Adjustments |
Rates will change the day after a change in the Prime Rate
is posted in the Wall Street Journal. Maximum 5%
adjustment up or down from initial rate over life of loan. |
|
| Maximum Term- |
20 Years |
|
Draw Period:
Repayment Period:
|
10 years
10 Years |
|
| Maximum Amount- |
$100,000 |
|
| Minimum Loan
Amount- |
$10,000 |
|
| Maximum Loan-to-Value |
90% |
|
| Minimum
Draw / Advance- |
$1,000 |
|
| Payment- |
1%
of outstanding balance or accrued interest or $100, whichever
is more. |
| Annual Fee*- |
$50 *
Waived if balance carried or $1000 advance taken each year. |
|
| Pre-payment
penalties |
$600 if closed within
1st 12
months of opening of line. |
|
Estimated
Loan Costs
Out
of pocket expenses (can be financed), totalling approximately $450.
Notice
of Rescission
In compliance
with the Truth-in-Lending Act and after signing all loan documents,
you will have three business days to exercise your right to cancel
the loan transaction. Disbursement of the loan will not occur
before the fourth business day after all documents and material
disclosures have been signed and in the possession of the Credit
Union.
BE
ADVISED
This
loan that you are applying for will be secured by your home
and your failure to repay the loan could cause you to lose
your home. AM Federal Credit
Union does not intend to sell, assign or transfer this loan
at this time.
| HOME
EQUITY LOAN FIXED RATE |
8.375% |
| VISA |
|
| Classic |
13.74% |
| Gold |
10.74%* |
| Secured |
14.74% |
*8.15% APR with balance transfer of at least $7,500
Champion Money Market Account
|
|
Balance |
Rate |
|
|
$100,000 or more |
3.04% APYE |
|
|
$50,000 to $100,000 |
2.27% APYE |
|
|
$25,000 to $50,000 |
1.76% APYE |
|
|
$7,500 to $25,000 |
0.75% APYE |
|
| Rates can change weekly. Interest accrues daily and is paid monthly. |
| Rates effective as of 5/14/2008. |
Saving Rates
|
|
Description |
Account Balance |
APYE |
|
Youth |
$1.00 and up |
.50% |
|
Standard Share |
$300 to $1,000 |
.50% |
|
|
$1,000 to $25,000 |
.75% |
|
|
$25,000 or more |
1.0% |
| Rates on our savings products may be subject to change at any time. Rates are determined by the Board of Directors. Funds earn dividends for each day they are on deposit. |
| Dividends are compounded quarterly and paid on the last day of the month of the quarter. |
Checking Account
|
|
Based on $300.00 minimum balance |
.00% APYE* |
|
*Annual Percentage Yields -
Dividend rate effective 02/15/07. Rates indicated were paid on
12-31-06. Dividends are based on the Credit Union's earnings at
the end of a dividend period and thus cannot be guaranteed. NCUA Ð Your
savings are federally insured to $100,000 by the National Credit
Union Administration, a U.S. government agency.
Regular and IRA Term Certificates
|
|
Term |
Minimum Balance |
Rate |
APYE |
|
6 months |
$500 |
2.25% |
2.27% |
|
12 months |
$500 |
2.35% |
2.38% |
|
24 months |
$500 |
2.45% |
2.48% |
|
36 months |
$500 |
2.70% |
2.73% |
|
48 months |
$500 |
2.80% |
2.84% |
Rates as of 5/14/2008.
Rates change weekly, however your certificate will earn dividends
at yields shown above until they mature. The rates are based
on current market conditions. Dividends are paid monthly.
| IRA
REGULAR SHARE ACCOUNT |
2.52% APY |
MARKET
INDEX CERTIFICATES
Market Index Certificates are offered every two weeks, with the
participation percentage changing depending on the contributions.
Never any loss of principal invested. For more information, please call 310-638-2934.
FEES
(effective 01/01/06, subject to change with proper notice)
SAVINGS
| One
time membership fee to join |
$5.00 |
| Stop
Payment |
$12.00 |
| Deposited
Checks or drafts returned |
$15.00 |
| Money
Orders - per item |
$1.00 |
| Travelers
cheques |
1% of purchase
price |
| Statement
Reproduction (per quarter) |
$5.00 |
| Wire
Transfer (incoming
or outgoing) |
$20.00 |
| Financial Institution Wire Transfer of Funds – International, either incoming or outgoing |
$45.00 |
| Collection
items presented for deposit (Bank charges -$10 minimum) |
| Statement
Reconciliation Assistance Ð per hour |
$20.00 |
| Subpoena/
Levy Fees |
$20.00 |
| Excess
Withdrawal Fees (over 12 per year, SIMON excluded) |
$3.00 |
Locator Fee
(if two of more statements are returned to us, this fee will be charged) |
$5.00 |
CHECKING
| Checks,
ACH & preauthorized debits presented against non-sufficient
funds Ð per item |
$30.00 |
| Imaged
fax copy retrieval of Cancelled Check -
per item |
$5.00 |
| Checking
Account Transfer Fee (credit union initiated to cover a check) |
$4.50 |
| Checking
Account Transfer Fee (credit union initiated from Line of
credit to cover check Ð increments of $100) |
$2.00 |
| Stop
payment order: Checking/ACH and pre-authorized debit - per
item |
$12.00 |
| ($36.00
maximum for lost or stolen share draft check books) |
ATM CARD OR VISA DEBIT CARD
| Transaction fees
for withdrawals/denials - per item |
Four
(4) free ATM withdrawals per month, then $1.00 per transaction. |
| Inquiries |
no charge |
| Withdrawal against
non-sufficient funds |
$30.00 |
| Replacement of Personal
Identification Number - per occurrence |
$5.00 |
| Replacement of stolen/damaged/lost
ATM card |
$5.00 |
| Request for additional
cards - per card (maximum 5) |
$5.00 |
| ATM
Transfer fee (overdraft) Ð per occurrence |
$4.50 |
CREDIT UNION SERVICE CENTERS
| CU Service Center Transaction Fee |
each transaction $1.95 |
IRA ACCOUNTS
ADMINISTRATIVE
FEES AND CHARGES
| Corporate Check
(payable to third parties) - per check |
$1.00 |
| Verification
of Deposits |
$5.00 |
| Pay-off
Demands Ð Real Estate |
$50.00 |
| Re-instate Return
Mail/Change of Address |
$3.00 |
| Escheat
Fee (required by state of California) |
$3.00 |
| Account
balance under $50.00 (per month) |
$1.00 |
MONEY MARKET
| Processing fee for clearing checks - per check/each
month (over 3 per month) |
$3.00 |
| Overlimit of 6 withdrawals per month |
$5.00 |
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