Rates

Rates Current as of January 1, 2017 and are subject to change

Savings Rates
Average Daily Balance
Dividend Rate
APY (Annual Percentage Yield)
$25.00 – $999.99
.00%
.00%
$1,000.00 – $9,999.99
.10%
.10%
$10,000.00 & Above
.30%
.30%
Checking Rates
Average Daily Balance
Dividend Rate
APY (Annual Percentage Yield)
$999.99 & Below
.00%
.00%
$1,000.00 – $19,999.99
.10%
.10%
$20,000.00 – $99,999.99
.30%
.30%
100,000.00 & Above .40% .40%

 Truth in Savings /Checking

IRA Savings Rates – Regular, Roth & Education
Minimum Deposit
Dividend Rate
APY (Annual Percentage Yield)
$50.00
1.00%
1.01%

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Certificate and IRA Certificates
Minimum Deposit $1,000
Term
Interest Rate
APY (Annual Percentage Yield)
6 Month
0.30%
0.30%
1 Year
0.60%
0.60%
2 Year
0.85%
0.85%
3 Year 1.04% 1.05%
4 Year 1.54% 1.55%
 
Launch Savings Certificate
Minimum Deposit $500
Age 0 – 17
Term Interest Rate APY
1 Year 0.70% 0.70%
Certificate Details:
  • Certificate terms of  2 years or less are eligible for a one time rate bump.
  • All certificates (except IRA certificates) are automatically renewable for your selected term if applicable.
  • Penalty will apply to only the portion of funds withdrawn: 60 days in loss of interest for certificates 1 year or less and 180 days for 2, 3, & 4 year certificates.
  • Interest is earned daily and paid monthly
  • APY= Annual Percentage Yield
  • Your savings are federally insured to $250,000 by the National Credit Union Administration.
  • Rates current as of June 1, 2016 and are subject to change.

Truth in Savings Certificates/IRA

Fee Schedule

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Loan Rates
Loan Type
Terms
Annual Percentage Rate (APR)
Signature / Personal Loan
84 Month Maximum
8.95% – 14.95%
Certificate Secured Loan
Term of Certificate
Cert. Rate + 3.00%
Auto Loans
Loan Type
Terms
Fixed APR1
New or Used Auto
up to 84 Months
2.99% -14.49%
Interest Rate Increases:
Extended terms: Your rate may increase by .50% – 2.00% if the term of the loan is greater than 60 months based on credit score.  Mileage: Auto loan rate will increase by 1.00% – 3.50% for high mileage (greater than 100,000) based on credit score.

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RV Loans
Loan Type
Terms
Fixed APR1
Special Rate New and Used RV
84 Months
3.99%*
New or Used RV
up to 144 Months
4.74% – 14.74%
Maximum Loan Amount: $150,000

Your rate will increase by 2.00% if the RV falls in the model year range of 2002-2009.   No RVs older than model year 2002.

*Based on credit score, minimum amount financed $25,000, maximum LTV 100%.  Model years 2010 or newer are eligible for this rate.

Boat Loans:
Loan Type
Terms
Fixed APR
New or Used Boat
up to 120 Months based on Credit Score
No boats over 30′ feet. No boats that must be moored
7.45% – 17.00%
Motorcycle Loans: Highway registered road motorcycles, scooters street bikes and Can-Am 3-wheelers
Loan Type
Terms
Fixed APR
New or Used
up to 84 Months based on Credit Score
5.74% – 14.74%
ATV Loans: Dirt bikes, quads, off road 3-wheelers, personal watercraft and snowmobiles
Loan Type
Terms
Fixed APR
New or Used
up to 84 Months based on Credit Score
6.74% – 15.74%

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Land Loans
Term
Loan to Value (LTV)
Fixed APR*
15 Years
75% LTV
7.50%

*Annual Percentage Rate.  Financing up to 75% of the property’s value.  A minimum down payment  of 25% of the purchase price is required on purchase transaction, for example; loan amount $100,000, down payment of 25% (25,000), 1% origination fee ($750), Appraisal fee ($500-$700) , title insurance, Escrow closing fee – if required, cost varies depending on loan amounts. No balloon or prepayment penalties.  After the loan has been fully paid, a reconveyance fee will be charged by Trustee Services Inc. to remove the Deed of Trust.

 

Variable Rate Home Equity Line of Credit***
First Mortgage Position
Term
Loan to Value (LTV)
Rate*
15 Years
80% LTV
4.50%
Second Mortgage Position
Term
Loan to Value (LTV)
Rate*
15 Years 80% LTV 5.50%
12 year draw period-15 year pay back.

Maximum loan amount $100,000 on maximum term of 180 Months.

Adjustable period:  Semi-Annual***

 

Fixed Rate Home Equity Line of Credit**
First Mortgage Position
Term
Loan to Value (LTV)
Rate*
10 Years
100% LTV
4.50%
Second Mortgage Position
Term
Loan to Value (LTV)
Rate*
10 Years 80% LTV 5.50%
5 year draw period-10 year pay back.

Maximum loan amount $200,000-First Mortgage/$100,00-Second Mortgage – maximum term of 120 Months.

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Visa Interest Rates and Interest Charges. Click to Enlarge.

Fee:  See Below**

Rates current as of February 1, 2017 and are subject to change.  All Annual Percentage Rates (APR) may vary unless otherwise noted. Rate based on credit Qualification

*The index is the Prime Rate as published in the Money Rates section of the Wall Street Journal on the last Friday of the month effective on the 1st day of the following month and subject to change. Interest Rate can vary in rate not to exceed 18.00% and not to be less than 4.50% on a 1st mortgage position and 5.50% on a second mortgage position.

**A standard one-time origination fee of $400 is assessed for each Home Equity program (new or rollover from an existing Home Equity program). This fee is reduced by half ($200) if the Home Equity is done in conjunction with a mortgage loan through OCCU. A 1% processing fee (based on the outstanding balance) will be assessed for any loan rewrite requests for a downward rate adjustment. We will use an acceptable tax assessment and/or appraisal to determine equity position but if a new appraisal is required or requested by the member and the loan cannot be approved the full cost for the appraisal will be at the members’ expense.  Processing fee for review and preparing a subordination agreement is $100.

***Rate adjustment on the variable rate Home Equity programs may occur on the first day of January and July each year of the loan.

****Rates are established by the Board of Directors.

VISA Credit Card Agreement
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