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Phone
617-929-2741
1-877-768-5404
24 Hour Audio Response Line
Fax
617-929-3386
Hours
Day Hours
Mon - Fri
9:00am - 3:30pm
Evening Hours
Wed
9:00pm - 12:00am
Thurs
10:30pm - 12:00am
Worcester
Phone
508-793-9214
Fax
508-793-9437
Hours
Tuesday & Thursday
10:00am - 3:00pm
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| Rates |
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All postings on this site are subject to change. The rates posted in the credit union office on Morrissey Blvd are always the most acruate.
A.P.Y.s may change after opening on non-term accounts
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| The rates on this page are for reference only. We try to keep them as up to date as possible. However, we can only honor those rates posted on the CREDIT UNION BULLETIN BOARD LOCATED INSIDE THE CREDIT UNION! |
Savings Rates
| Member Share Accounts - November 1, 2008 through November 30, 2008 |
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Interest |
A.P.Y.* |
Minimum Balance |
Regular Saving |
.75% |
.75% |
$25.00 Min |
IRA Share Accounts and Roth IRA Share Accounts
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.75% |
.75% |
$25.00 Min |
Share Draft N.O.W. Accounts
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.00% |
.75% |
No Min |
Christmas Clubs |
.35% |
.35% |
No min. |
Vacation Clubs |
.35% |
.35% |
No min. |
Home Equity Shares |
.35% |
.35% |
Pmt Equity Loans |
Insurance Accounts |
.35% |
.35% |
Payment for Ins Premium |
Mortgage Accounts |
.35% |
.35% |
Pmt Mortgage Loans |
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.35% |
.35% |
for any use |
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| Money Market Accounts |
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Interest |
A.P.Y.* |
Minimum Balance |
xxxx |
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xxxx |
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xxxxx |
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$7,500 to $50,000 |
xxxx |
2.25% |
2.273% |
$50,000 to $100,000 |
xxxx |
2.75% |
2.785% |
$100,001 and over |
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| Certificates of Deposit |
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Interest |
A.P.Y.* |
Minimum Deposit |
6 Month Money Market Accounts |
2.500% |
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$1,000.00 Minimum |
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1 Year Certificate
of Deposit |
2.500% |
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$1,000.00 Minimum |
1 1/2 Year Certificate of Deposit |
2.500% |
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$1,000.00 Minimum |
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2 Year Certificate
of Deposit |
3.000% |
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$1,000.00 Minimum |
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2 1/2 Year Certificate of Deposit |
3.000% |
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$1,000.00 Minimum |
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3 Year Certificate of Deposit |
3.000% |
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$1,000.00 Minimum |
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IRA Certificates Of Deposit |
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Interest |
A.P.Y.* |
Minimum Deposit |
6 Month Money Market Accounts |
2.500% |
2.529% |
$1,000.00 Minimum |
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1 Year Certificate
of Deposit |
2.500% |
2.529% |
$1,000.00 Minimum |
1 1/2 Year Certificate of Deposit |
2.500% |
2.529% |
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2 Year Certificate
of Deposit |
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3.042% |
$1,000.00 Minimum |
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2 1/2 Year Certificate of Deposit |
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3.042% |
$1,000.00 Minimum |
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3 Year Certificate of Deposit |
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3.042% |
$1,000.00 Minimum |
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Loan Rates - November 1, 2008 through November 30, 2008
ALL RATES ARE SUBJECT TO CHANGE WITHOUT NOTICE
| Auto Loans |
1 year |
2 year |
3-4-5 years |
6 years |
Model Years 2006-2007-2008* |
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Estimated Cost Per $1,000 (A)
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$19.68 |
$10.16 |
$4.46 |
$3.93(B) |
Model Years 2003-2004-2005** |
5.50% APR |
6.50% APR |
xxx |
Estimated Cost Per $1,000 (A) |
$19.78 |
$10.26 |
$4.67 |
Model Years 2001-2002*** |
10.50% APR |
10.50% APR |
10.50% APR |
Estimated Cost Per $1,000 (A) |
$20.28 |
$10.67 |
$4.95 |
All Automobile Loans from model years 2002-2007 are based on 95% of the NADA Book Trade In Value
All Automobile Loans from model years 2000-2001 are based on 80% of the NADA Book Trade In Value |
| Boat and Camper Loans – 80% Loan to Value 10.50% APR up to a 15 year term Estimated Cost Per $1,000 (A) $11.06 |
| Personal Unsecured Loans - $1,000 minimum to $15,000 maximum |
| 1 Year Term |
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9.75% APR |
| Estimated Cost Per $1,000 (A) |
$20.20 |
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| 2 Year Term |
$3,001 to $15,000 |
10.50% APR |
| Estimated Cost Per $1,000 (A) |
$10.67 |
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| 3 - 4 Year Term |
$4,001 to $15,000 |
12.50% APR |
| Estimated Cost Per $1,000 (A) |
$6.12 |
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Vacation Loan - Anytime
1 Year Term |
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$3,000 maximum |
Holiday Loans
1-Year Term |
7.50% APR |
$3,000 maximum |
| Estimated Cost Per $1,000 (A) |
$19.98 |
Bill (debt) Consolidation Loans
1 - 3 Year Term |
11.00% APR |
$8,000 maximum amount of loan |
| Estimated cost per $1,000 (A) |
$20.33 |
| All debt is paid directly by the Credit Union – No exceptions – No additional funds disbursed to member |
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Revolving Loans
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Vacation/Holiday Revolving Loan
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8.00% APR fixed |
$4,000 Maximum |
One application – Cash advance on loan anytime (through Audio Response Unit) – Payment is equal to 5% of the unpaid balance at the end of each month. Must be automatic deduction from checking or share account.
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Overdraft Protection - Share Draft Checking Accounts
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$2,000 maximum Loan
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12.50% APR Fixed |
$4,000 Maximum |
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| Second Mortgages |
$25,000 minimum to $125,000 maximum |
| $25,000 to $50,000 |
7 to 10 Year term |
7.00% APR |
| $50,000 to $125,000 |
10 to 15 Year Term |
7.50% APR |
$2,000 maximum Loan
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12.50% APR Fixed |
$4,000 Maximum |
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| Home Improvement Loans |
$20,000 maximum loan |
| 7 year maximum Term |
9.00% APR |
| Estimated cost per $1,000 (A) |
$3.71 |
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| Share Secured and Stock Secured Loans |
Share Secured
95% Total Shares pledged – 5-year maximum term – 4% above rate of share pledged |
Certificate Secured
95% Total Certificate Pledged – Term of Loan to date Certificate Matures - 4% above rate of Certificate Pledged |
Stock Secured
80% of current stock value – 5-year maximum term – 7.00%
Should stock price fall, additional shares may be requested to adequately secure loan. If stock is not available for additional security, loan must either be paid down or stock sold. |
A – Estimated cost per $1,000 is calculated on a weekly basis for the maximum term available for the quoted rate |
B – Minimum Loan $30,000 and Loan To Value Ratio 85% Maximum – All costs and ratio’s are based on the NADA book value and Suggested Manufacturers Retail Price plus accessories. |
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| Home Mortgage Rates |
Fixed Rate / Term |
Rates |
Points |
APR |
30 & 25 Year Conventional |
6.250% |
0.000 |
6.413% |
DSF;AKJF |
6.125% |
1.000 |
6.257% |
DSF;AKJF |
6.000% |
2.000 |
6.226% |
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6.125% |
0.000 |
6.257% |
DSF;AKJF |
6.000% |
1.000 |
6.226% |
DSF;AKJF |
5.875% |
2.000 |
6.174% |
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6.000% |
0.000 |
6.226% |
DSF;AKJF |
5.875% |
1.000 |
6.174% |
DSF;AKJF |
5.750% |
2.000 |
5.964% |
10 Year Conventional |
6.000% |
0.000 |
6.226% |
DSF;AKJF |
5.875% |
1.000 |
6.174% |
DSF;AKJF |
5.750% |
2.000 |
5.964% |
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Adjustable Rate Equity Loan
Payment equal to 1.5% of outstanding balance (adjusted at each advance)
(Adjustable Quarterly on 1/1 - 4/1 - 7/1 - 10/1 to the Prime rate as of 12/31 - 3/31 - 6/30 and 9/30)
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Prime – 1.25% - 3.99% Floor – 12% Ceiling
Current Prime Rate: 4.00% as of November 1, 2008
Current Rate 3.99% (floor)
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Payment equal to 1.5% of outstanding balance (adjusted at each advance).
Payment date – Payment due on 20th day of the month |
Fixed Rate Equity Loans
Prime + 1.50% for Life of Loan – 5 Year Draw – 10 year Repayment
Current rate would be 6.25% fixed
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All deposits are insured by the National Credit Union Administration up to $250,000 per account. The Share and deposits of this Credit Union in excess of the $250,000 NCUA limit are insured by the Massachusetts Credit Union Share Insurance Corporation up to the limits set by Massachusetts Law.
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