Saginaw County Employees Credit Union's Rate and Fee Schedule

| Loan Rates | Savings Rates | Fee Schedule |

Saginaw County Employees Credit Union
    Loan Rates (July 23 2008*)

| Auto Loans | RV Loans | Mortgages & Home Equities | Share Pledge Loans | Other Loans|

*Rates subject to change at any time - the credit union should be contacted for the current rates.

APR = Annual Percentage Rate

ALL RATES ARE SUBJECT TO CREDIT SCORES

AUTOMOBILES LOANS

Vehicle Model Year Maximum Term Rates as low as*
2008 - 2007 66 months 4.99% APR*
2008 - 2007
($15,000 min.)		 78 months 5.49% APR*
2008 - 2007
($20,000 min.)		 84 months 5.99% APR*
2007 66 months 4.99% APR*
2006 54 months 4.99% APR*
2005 54 months 4.99% APR*
2004 42 months 4.99% APR*
     
2003 & Older 36 months 5.99% APR*

| Apply for a Loan | 

RECREATIONAL VEHICLES LOANS 

Vehicle Maximum Term Rates start at*
New or Used, Boats and Recreational 66 months 4.99% APR*
New or Used, Boats and Recreational 84 months 5.99% APR*

 

| Apply for a Loan | 

MORTGAGE & HOME EQUITY LOANS

*Rates Adjusted Daily - Please Call 989-793-9188 for the Current Mortgage Rates*

First Mortgages Rates start at*
Fixed Home Equity - up to 80% LTV 1 84 months 5.75% APR*
Fixed Home Equity - up to 90% LTV 1 84 months 7.75% APR*
 Fixed Home Equity - up to 100% LTV1   84 months 8.75% APR*
HOME IMPROVEMENTS 48 months 8.00% APR*
Mobile Homes 84 months 10.00% APR*
1st Mortgage 7 Year Balloon  amortization 360 months    6.50% APR* 
15 Year Fixed Mortgage   6.375% APR*

1 - If property needs appraisal, member will be responsible for cost of appraisal.

No closing cost Home Equity unless appraisal or title insurance required

*Rates subject to credit score.   Rates subject to change at any time - the credit union should be contacted for the current rates.

| Apply for a Loan | 

SHARE PLEDGE LOANS

Share Pledge Loan   6.75% APR
Certificate of Deposit (CD) Pledge Loan minimum of 6.00% APY 3.00%APR + Certificate

| Apply for a Loan | 

OTHER AVAILABLE LOANS

  Rates start at*
SCECU MasterCard Revolving 9.99% APR*
Overdraft Protection Loan Revolving 15.00% APR*
Revolving Line of Credit Revolving 12.00% APR*
Personal Loan (over $1,000)   8.00% APR*
Personal Loan ($1,000 or less)   15.00% APR*
30-60-90 Day Note   15.00% APR*

| Apply for a Loan | 


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Saginaw County Employees Credit Union
Savings Rates (as of June 1,  2008*)

| Regular Accounts | Certificates of Deposit | Individual Retirement Accounts |
Your savings federally insured to $100,000 by the National Credit Union Administration, a U.S. Government Agency.

*Rates subject to change at any time - the credit union should be contacted for the current rates.

APR = Annual Percentage Rate, APY = Annual Percentage Yield

REGULAR ACCOUNTS

                 These are proposed dividends for the second quarter and are subject to change.

Account APR APY Minimum
Share Account (000)* 1.00% 1.00% $100.00*  
Christmas Club (009)*

1.25%

1.25%

 $100.00*  
Special Club* 1.00% 1.00% $100.00*  
Goal Saver (008)*
(Restricted Withdrawals)		 1.25% 1.26% $100.00*

*Account must have a minimum deposit of $5.00 to be opened.  $100.00 minimum represents the minimum account balance to receive a dividend.  

Members that do not use any other credit union services or have less than $150.00 will be charged a monthly maintenance fee.

Money Management (050)** .50% .50% Under $2,500
2.03% 2.05% $2,500 - $9,999.99
2.07% 2.10% $10,000 - $19,999.99
2.22% 2.25% $20,000 - $49,999.99
2.27%

2.30%

 $50,000 & up

**Money Management rates are subject to change at any time.

 

CERTIFICATES OF DEPOSIT (CD)  (as of March 26,  2008*)

*Rates subject to change at any time - the credit union should be contacted for the current rates.
Term Amount Invested APR APY
26 week
(6 month)		 $500 - $9,999 2.82% 2.85%
$10,000 - $24,999 2.87% 2.90%
$25,000 - $99,999  2.92% 2.95%
$100,000 and up 2.97% 3.00%
       
12 month $500 - $9,999 2.92% 2.95%
$10,000 - $24,999 2.97% 3.00%
$25,000 - $99,999 3.02% 3.05%
$100,000 and up 3.06% 3.10%
       
18 month $500 - $9,999 3.02% 3.05%
$10,000 - $24,999 3.06% 3.10%
$25,000 - $99,999 3.11% 3.15%
$100,000 and up 3.16% 3.20%
       
24 month $500 - $9,999 3.11% 3.15%
$10,000 - $24,999 3.16% 3.20%
$25,000 - $99,999 3.20% 3.25%
$100,000 and up 3.26% 3.30%
       
30 month $500 - $9,999 3.21% 3.25%
$10,000 - $24,999 3.26% 3.30%
$25,000 - $99,999 3.31% 3.35%
$100,000 and up 3.36% 3.40%
       
36 month $500 - $9,999 3.31% 3.35%
$10,000 - $24,999 3.36% 3.40%
$25,000 - $99,999 3.41% 3.45%
$100,000 and up 3.46% 3.50%
       
48 month $500 - $9,999 3.41% 3.45%
$10,000 - $24,999 3.45% 3.50%
$25,000 - $99,999 3.50% 3.55%
$100,000 and up 3.55% 3.60%
       
60 month $500 - $9,999 3.50% 3.55%
$10,000 - $24,999 3.55% 3.60%
$25,000 - $99,999 3.60% 3.65%
$100,000 and up 3.65% 3.70%

                    Interest may be compounded quarterly on all CD's.

 

INDIVIDUAL RETIREMENT ACCOUNTS (IRA) (as of April 29,  2008*)

*Rates subject to change at any time - the credit union should be contacted for the current rates.

APR = Annual Percentage Rate, APY = Annual Percentage Yield

              These are proposed dividends for the second quarter and are subject to change.

Type APR APY Balance
IRA Club - Tier 1 1.00% 1.00% $100 - $1,999
IRA Club - Tier 2 1.50% 1.51% $2,000 and up
Roth IRA Club - Tier 1 1.00% 1.00% $100 - $1,999
Roth IRA Club - Tier 2 1.50% 1.51% $2,000 and up
Education IRA - Tier 1 1.00% 1.00% $100 - $1,999
Education IRA - Tier 2 1.50% 1.51% $2,000 and up

 

IRA Certificates of Deposit
Term APR APY Minimum
12 month IRA Certificate 2.97% 3.00% $500.00
24 month IRA Certificate 3.16% 3.20% $500.00
36 month IRA Certificate 3.36% 3.40% $500.00
48 month IRA Certificate 3.45% 3.50% $500.00
60 month IRA Certificate 3.55% 3.60% $500.00

 

Youth Certificates of Deposit
Term APR APY Minimum
12 month Certificate 4.43% 4.50% $50.00*

*For the Youth CD only, additional deposits can be made at any time

 


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