Federal Credit Union
| Rates and Fees |
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You promise to pay all costs of collecting the amount you owe
under this agreement including court costs and reasonable
attorney fees.
$35.00 (excluding holiday loans
If your installment payment is more than 5 days late, you will
be charged a late fee of $20.
The Annual Percentage Rate (APR) for Share Secured Advances will
be the dividend rate being paid on regular shares on the date of
the advance plus 3.00%. If there is an existing balance on the
date of the new advance, the existing balance will be added to
the new advance and the entire balance will be at the new APR.
The APR is subject to change only at the time of a new advance.
Any increase in the APR will result in an increase in the
payment amount or more payments of the same amount until what
you owe has been repaid.
The Annual Percentage Rate (APR) will be the dividend rate being
paid on the Certificate offered as security plus 3.00%. The
Certificate must be renewed until the advance is completely
paid. Failure to renew will result in default. When the
Certificate is renewed the APR will change to reflect the new
dividend rate. If there is an existing balance on the date of
the new advance, the existing balance will be added to the new
advance and the entire balance will be at the new APR. Any
increase in the APR will result in an increase in the payment or
more payments of the same amount until what you owe has been
repaid. The APR and daily periodic rate will be disclosed on the
voucher at the time of the advance.
If you give a security interest in certain types of property, we
may charge you a filing fee to perfect our interest in the
property. If so, the amount of the fee will be disclosed to you
at the time you obtain an advance. The Annual Percentage Rate (APR) you receive will be within the range disclosed above and is based on your credit worthiness, loan to value (LTV) and age of collateral. Please ask us for the rate that you qualify for. |
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