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.
(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).

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)

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


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
Transfer Fee $25.00

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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