|
| LOAN RATES |
| Vehicle Loans |
Annual Percentage Rate |
| New Vehicle |
1.85 -13.25% |
| Used Vehicle |
1.85-13.25% |
| Older Vehicle (2002 and older) |
3.85-15.25% |
| New RV |
5.50-17.50% |
| Used RV |
6.50- 17.50% |
| New Motorcycle |
5.50- 13.50% |
| Used Motorcycle |
6.50- 14.50% |
| Personal Loans |
Annual Percentage Rate |
| Unsecured Loans |
9.50- 17.50% |
| Share Secured |
3% over share rate |
| Certificate Secured |
3% over certificate rate |
| Mobile Home Loans |
Annual Percentage Rate |
| New Mobile Homes |
Call for availability |
| Used Mobile Homes |
Call for availability |
| Real Estate Loans |
Annual Percentage Rate |
| First Trust Deed |
Call for availability |
| Second Trust Deed |
Call for availability |
| Home Equity Lines |
Call for availability |
| Rates effective November 15, 2013. Rates are subject to change without notice. Rates and terms are based on approved credit and may vary depending on credit worthiness. Longer terms may be available for qualified borrowers at an increased rate. Credit worthiness is determined by a variety of factors including but not limited to credit score, debt ratio, and length of employment. The rates quoted above assume automatic payment from your SLO CU account or via payroll deduction and an open and active checking account. A rate increase of 0.25% will be given for any payment not made by payroll deduction or automatic payment. A rate increase of 0.25% will be given for any member who does not have an open and active checking account at the credit union. Active is defined as any transaction within the past 30 days. If payroll deduction or automatic payment is discontinued or the checking account becomes inactive or is closed, the APR will increase to the current rate and any increase in the rate will result in more payments of the same amount until what you owe has been repaid. |
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| IRA and TRADITIONAL CERTIFICATE RATES |
| Term |
Minimum Deposit |
Interest Rate |
Annual Percentage Yield |
|
6 Month
|
$1,000 |
.10% |
.10% |
|
|
$10,000 |
.10% |
.10% |
| |
$50,000 |
.15% |
.15% |
| |
$100,000 |
.20% |
.20% |
|
12 Month
|
$1,000 |
.15% |
.15% |
| |
$10,000 |
.20% |
.20% |
| |
$50,000 |
.25% |
.25% |
| |
$100,000 |
.30% |
.30% |
|
24 Month
|
$1,000 |
0.30% |
0.30% |
| |
$10,000 |
0.35% |
0.35% |
| |
$50,000 |
0.40% |
0.40% |
| |
$100,000 |
0.45% |
0.45% |
| Annual Percentage Yield is based on the assumption that the interest will remain on deposit until maturity. A penalty is imposed on withdraws of the principal before the maturity date. Certificate Rates effective December 10, 2013. |
| SAVINGS RATES |
| Type |
Minimum Balance |
Interest Rate |
Annual Percentage Yield |
|
Regular Savings
|
$0.00 to $99.99 |
0.00% |
0.00% |
| |
$100 to $4,999.99 |
0.05% |
0.05%
|
| |
$5,000 to $19,999.99 |
0.05% |
0.05% |
| |
$20,000 to $99,999.99 |
0.10% |
0.10% |
| |
$100,0000 and up |
0.10% |
0.10% |
|
Checking
|
$50 |
0.00% |
0.00% |
| Savings rates effective December 10, 2013. Rates subject to change without notice. Savings and Traditional Certificate Deposits insured to $250,000.00 through NCUA, a U.S. Government Agency. IRA deposits insured to $250,000.00 through NCUA, a U.S. Government Agency. |
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