Your Board of Directors has approved the dividend rates and annual percentage yields (APY) listed below as of 1/11/2010.
APY* - Dividends are not compounded and paid out monthly.
APYE**- Dividends are compounded and paid out at maturity.
Share Savings
Annual Percentage Rate
Annual Percentage Yield
$1000.00 Minimum
0.75%
0.75%
Share Drafts
Annual Percentage Rate
Annual Percentage Yield
0.0%
0.0%
Money Market
Annual Percentage Rate
Annual Percentage Yield
$2,500 and up
0.75%
0.76%
Christmas Club
Annual Percentage Rate
Annual Percentage Yield
0.0
0.0
IRA Accounts Insured by NCUSIF (up to $250,000)
Annual Percentage Rate
Annual Percentage Yield
$50.00 and up
2.25%
2.26%
Certificates
Annual Percentage Rate
Annual Percentage Yield
12 mo. $1,000.00 min
1.45%
1.46%
NOTE: All share certificates will no longer renew.
Loan Rates
The ANNUAL PERCENTAGE RATE for your loan will be within the range disclosed and is based on certain credit-worthiness criteria. Ask the credit union for the rate you qualify for.
You might be eligible for MULTIPLE SERVICES DISCOUNTS if you have; Direct Deposit / Payroll Deduction 0.25% and Account Access / E Statements 0.25% for a total of .50% max discount off your qualifying loan rate
Personal
Daily Periodic Rate
Annual Percentage Rate
.024657% - .049315%
9.00% - 18.00%
Secured (titled collateral)**
Daily Periodic Rate
Annual Percentage Rate
New
.015064% - .049315%
4.75% - 18.00%
Used
.017126% - .049315%
5.5% - 18.00%
**At no time will secured rate be less than 5.00% with discounts With a good credit score your loan can extend up to a term of 78 months.
Share Secured*
Daily Periodic Rate
Annual Percentage Rate
100% Share Secured
3% over the dividend rate the account is secured by.
Partial Shared Secured
.018904% - .049315%
5.75% - 18.00% - No Discounts
*No CU services discounts allowed
VISA
Daily Periodic Rate
Annual Percentage Rate
.032876%
12.00%
Check your VISA account through www.ezcardinfo.com. Click into the site and register your info and you can see your VISA card balance and history.
Norfolk Fire Federal Credit Union offers competitive rates for consumer loans. We also offer risk based lending, for those members who may not otherwise qualify for a loan. Risk Based Lending is based upon your current beacon score, ability to pay, and credit history with other financial institutions. You may be charged a higher rate of interest on your loan than someone else due to these factors. Once you have reestablished your credit worthiness, you will be reevaluated and given a comparable rate on any new loans.
Additional loans, terms, and rates available upon request. See the Loan Officer for details.
Credit Union Services Discount Program
You might be eligible for MULTIPLE SERVICES DISCOUNTS if you have; Direct Deposit / Payroll Deduction 0.25% and Account Access / E Statements 0.25% for a total of .50% max discount off your qualifying loan rate
