Dividend Rates | Dividend Information | Loan Rates | Loan Policies
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ANTICIPATED DIVIDEND RATES
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|
Share Account Type
|
Account Suffix ID
|
Type ID
|
Term
|
Minimum Balance Required to Earn Dividends
|
Compound Frequency
|
Annual Percentage Yield
APY*
|
|
|
(Effective July 01, 2009)
|
|
Share
|
S000-S009
|
00
|
N/A
|
$250.00
|
Quarterly
|
0.10%
|
|
|
Draft (Checking)
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S010-S019
|
10
|
N/A
|
$0.00
|
Quarterly
|
0.00%
|
|
|
IRA
|
S020-S029
|
20
|
N/A
|
$250.00
|
Quarterly
|
0.10%
|
|
|
Christmas Club
|
S061
|
61
|
N/A
|
$100.00
|
Quarterly
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0.00%
|
|
|
Club
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S062-S069
|
62
|
N/A
|
$100.00
|
Quarterly
|
0.00%
|
|
| |
|
(Effective June 09, 2010)
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|
Certificate
|
S070-S089
|
70
|
6 months
|
$1,000.00
|
Quarterly
|
0.60%
|
|
|
Certificate
|
S070-S089
|
71
|
12 months
|
$1,000.00
|
Quarterly
|
1.00%
|
|
|
Certificate
|
S070-S089
|
72
|
24 months
|
$1,000.00
|
Quarterly
|
1.50%
|
|
|
IRA Certificate
|
S090-S099
|
90
|
6 months
|
$1,000.00
|
Quarterly
|
0.60%
|
|
|
IRA Certificate
|
S090-S099
|
91
|
12 months
|
$1,000.00
|
Quarterly
|
1.00%
|
|
|
IRA Certificate
|
S090-S099
|
92
|
24 months
|
$1,000.00
|
Quarterly
|
1.50%
|
|
**APY = Annual Percentage Yield
Dividend Rates | Dividend Information | Loan Rates | Loan Policies
• • • • • • •
OTHER DIVIDEND INFORMATION
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Dividend rates are subject to change without notice.
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Anticipated dividend rates are quoted as Annual Percentage Rates (APR) with the resulting Annual Percentage Yield (APY).
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Dividends are declared by the AB&W Credit Union's Board of Directors during the last month of the quarter for that quarter and are based upon the net earnings of AB&W Credit Union.
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Dividends are calculated on the average daily balance in your account during the quarter being calculated. The average daily balance is increased the day you make a deposit and is decreased the day you make a withdrawal.
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Dividends are compounded and credited to your account quarterly on March 31st, June 30th, September 30th and December 31st.
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Accrued dividends will not be paid if the account is closed prior to the end of the quarterly dividend period.
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There are four quarterly dividend periods during a calendar year which are:
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January 1st through March 31st
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April 1st through June 30th
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July 1st through September 30th
-
October 1st through December 31st
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Dividend Rates | Dividend Information | Loan Rates | Loan Policies
• • • • • • •
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LOAN RATES
(Effective 01/26/2009 - Subject to Change)
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|
SIGNATURE LOANS
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|
Type
|
Terms
|
APR*
|
Limit
|
|
Signature Loan
|
48 months
|
12.75% up to 18.00%
|
$ 10,000
|
| |
|
|
|
|
Line of Credit
|
48 months
|
9.00% Variable
|
$ 10,000
|
| |
|
|
|
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SHARES PLEDGED
|
|
Type
|
Terms
|
APR*
|
Description
|
Limit
|
|
Regular Shares
|
60 months
|
5.50%
|
$500 minimum advance
and
100% shares pledged
|
$500,000
|
|
Share Certificate
|
60 months
|
2.00% above certificate rate
|
$500,000
|
| |
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VEHICLE LOANS
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|
Type
|
Terms**
|
APR*
|
Amount
|
Limit
|
|
Vehicle
|
84 months
|
as low as 6.50%
|
$35,000 and up
|
100% NADA Value
|
|
72 months
|
as low as 6.25%
|
$25,000 and up
|
|
|
60 months
|
as low as 5.95%
|
|
|
|
48 months
36 months
|
as low as 5.75%
as low as 5.50%
|
|
|
| |
|
|
|
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Model years 3-4 years old add 1% to the above rates
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Model years 5-6 years old add 2% to the above rates
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Model years 7-12 years old add 3% to the above rates
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|
|
|
|
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REAL ESTATE LOANS
|
|
Type
|
Terms**
|
APR*
|
Description
|
Limit
|
|
First DOT***
|
240 months
|
6.00%
|
Five year balloon, 90% loan-to-value
|
$400,000
|
|
Unimproved Property
(Must be first DOT)
|
180 months
|
7.00%
|
Five year balloon, 80% loan-to-value
|
$150,000
|
|
Second DOT***
|
180 months
|
6.75%
|
Five year balloon, 80% loan-to-value
|
$100,000
|
|
HUD Title 1***
|
120 months
|
7.00%
|
100% of Home Improvement Cost
|
$25,000
|
|
Home Equity Line of Credit***
|
180 months
|
8.00% variable
|
Five Year Draw, 80% loan-to-value
|
$100,000
|
*APR = Annual Percentage Rate
**Terms are determined by amount of loan
***Primary residence, single-family dwelling only
Dividend Rates | Dividend Information | Loan Rates | Loan Policies
|
LOAN POLICIES
- Loan terms and interest rates may be adjusted based upon the applicant's credit-worthiness as well as market terms and rates.
- Co-Borrower/Co-Signer/Co-Maker/Guarantor may be required to qualify the maker for a loan.
- No loan shall be made to an individual or entity that is not a member of this credit union.
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• • • • • • •
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