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
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Type ID
|
Term
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Minimum Balance Required to Earn Dividends
|
Compound Frequency
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Anticipated APR*
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APY**
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|
(Effective June 18, 2008)
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|
Share
|
S000-S009
|
00
|
N/A
|
$250.00
|
Quarterly
|
1.75%
|
1.76%
|
|
Draft (Checking)
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S010-S019
|
10
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N/A
|
$0.00
|
Quarterly
|
0.00%
|
0.00%
|
|
IRA
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S020-S029
|
20
|
N/A
|
$250.00
|
Quarterly
|
2.50%
|
2.52%
|
|
Christmas Club
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S061
|
61
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N/A
|
$100.00
|
Quarterly
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2.00%
|
2.02%
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|
Club
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S062-S069
|
62
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N/A
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$100.00
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Quarterly
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2.00%
|
2.02%
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| |
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(Effective June 18, 2008)
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|
Certificate
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S070-S089
|
70
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6 months
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$1,000.00
|
Quarterly
|
3.00%
|
3.03%
|
|
Certificate
|
S070-S089
|
71
|
12 months
|
$1,000.00
|
Quarterly
|
3.50%
|
3.55%
|
|
Certificate
|
S070-S089
|
72
|
24 months
|
$1,000.00
|
Quarterly
|
3.75%
|
3.80%
|
|
IRA Certificate
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S090-S099
|
90
|
6 months
|
$1,000.00
|
Quarterly
|
3.25%
|
3.29%
|
|
IRA Certificate
|
S090-S099
|
91
|
12 months
|
$1,000.00
|
Quarterly
|
3.75%
|
3.80%
|
|
IRA Certificate
|
S090-S099
|
92
|
24 months
|
$1,000.00
|
Quarterly
|
4.00%
|
4.06%
|
*APR = Annual Percentage Rate
**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
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October 1st through December 31st
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Dividend Rates | Dividend Information | Loan Rates | Loan Policies
• • • • • • •
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LOAN RATES
(Effective 10/24/2008 - Subject to Change)
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SIGNATURE LOANS
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|
Type
|
Terms
|
APR*
|
Limit
|
|
Signature Loan
|
48 months
|
11.75% up to 18.00%
|
$ 10,000
|
|
Credit Re-Builder
|
3 months
|
18.00%
|
$500
|
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Line of Credit
|
48 months
|
9.00% Variable
|
$ 10,000
|
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|
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SHARES PLEDGED
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|
Type
|
Terms
|
APR*
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Description
|
Limit
|
|
Regular Shares
|
60 months
|
4.50%
|
$500 minimum advance
and
100% shares pledged
|
$500,000
|
|
Share Certificate
|
60 months
|
1.00% above certificate rate
|
$500,000
|
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VEHICLE LOANS
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|
Type
|
Terms**
|
APR*
|
Amount
|
Limit
|
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Vehicle
|
84 months
|
as low as 5.50%
|
$35,000 and up
|
100% NADA Value
|
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72 months
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as low as 5.25%
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$25,000 and up
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|
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60 months
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as low as 4.95%
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|
|
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48 months
36 months
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as low as 4.75%
as low as 4.50%
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|
|
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|
|
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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 1% to the above rates
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Model years 7-12 years old add 3% to the above rates
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REAL ESTATE LOANS
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|
Type
|
Terms**
|
APR*
|
Description
|
Limit
|
|
First DOT***
|
240 months
|
7.00%
|
Five year balloon, 90% loan-to-value
|
$400,000
|
|
Unimproved Property
(Must be first DOT)
|
180 months
|
8.00%
|
Five year balloon, 80% loan-to-value
|
$150,000
|
|
Second DOT***
|
180 months
|
7.75%
|
Five year balloon, 80% loan-to-value
|
$100,000
|
|
HUD Title 1***
|
120 months
|
8.00%
|
100% of Home Improvement Cost
|
$25,000
|
|
Home Equity Line of Credit***
|
180 months
|
9.25% 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
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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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