Share Account Rates and Service Fees
| Share Account Rates | ||
|---|---|---|
| Quarter Ending 12/31/23 | ||
| Account Type | Div. Rate | APY |
| Share Account | 0.40% | 0.401% |
| IRA Share Account | 0.40% | 0.401% |
| Term Share Certificate | Call for Current Rate | ** |
Early withdrawal from Term Share Certificates may affect Dividends.
** Term Share Certificate Rates change monthly
Share Dividend Rates are subject to change
APY – Annual Percentage Yield
APR – Annual Percentage Rate
| Service Fees | |
|---|---|
| Description | Fee |
| Check Return/Redeposit | $25.00 |
| Dormant Account: after return of 3 statements | $5/qtr |
| Dormant Account Closing | $10 |
| Stop Payment | $20.00 |
| 2nd or 3rd party check (3+) | $5.00 |
| Statement Copy Request | $5.00 |
| Credit Report Fee | $20.00 |
Personal/Signature Loans
Until further notice, the following Personal/Signature rates will be in effect according to the following terms:
| Signature Loan | ||
|---|---|---|
| $1,001—$ 10,000 | ||
| 11.99% APR | 13.99% APR | 14.99% APR |
| Up to 36 months | Up to 36 months | Up to 36 months |
| $ 33.21 | $ 34.17 | $ 34.66 |
| Monthly payment per $1,000 | ||
| *Depending on credit history | ||
| Platinum Loan |
|---|
| $10,001—$20,000 |
| 10.99% APR |
| Up to 5 years |
| $21.74 |
| Monthly payment per $1,000 |
| Must have an Equifax credit score of 680+ |
| No Credit Loan |
|---|
| $1,200 |
| 15.00% APR |
| 12 month term |
| $90.24 |
| Monthly payment per $1,000 |
| For those with no credit history |
| Honey Pot Money Loan |
|---|
| $500 |
| 13.90% APR |
| 5 month term |
| $103.52 |
| Monthly payment |
| – applicants for this loan option may only be approved for this loan once during a 12 month period – credit history will not deter an applicant from being approved – debit to income ratio to be no more than 50% required – available after April 1, 2021 |
Other Personal Loans
Existing loans with Howard County Education FCU are not eligible to be refinanced through Howard County Education FCU. Rates Effective 8/1/2022 and are subject to change without notice.
| Vacation | ||
|---|---|---|
| $1,001—$ 6,000 | ||
| 10.99% APR | 12.99% APR | 13.99% APR |
| Up to 30 months | Up to 30 months | Up to 30 months |
| $ 38.28 | $ 39.23 | $ 39.70 |
| Monthly payment per $1,000 | ||
| Now available year round | ||
| Back to School |
|---|
| $1500 |
| 9.99% APR |
| 12 months |
| $87.93 |
| Monthly payment per $1,000 |
| Now available year round |
| Home Improvements |
|---|
| up to $10,000 |
| 10.99% APR |
| 48 months |
| $25.85 |
| Monthly payment per $1,000 |
| must have an Equifax credit score of 680+ |
| Tuition |
|---|
| Up to $10,000 |
| 8.50% APR |
| Up to 4 years |
| $24.65 |
| Monthly payment per $1,000 |
New Beginnings Loans
| New Beginnings |
|---|
| $1200 |
| 17.99% APR |
| 12 months |
| $91.65 |
| Monthly payment per $1,000 |
|
Payments must be made through payroll deductions or ACH. Beginning August 1, 2018 you must be a member of the credit union for at least 6 months to apply for the New Beginnings Loan |
| Second Beginnings |
|---|
| $1,800 |
| 16.99% APR |
| 18 months |
| $63.31 |
| Monthly payment per $1,000 |
| For members who have successfully completed paying off a New Beginnings Loan. No late payments on previous or current NB Loan. If one NB has been paid off & have a current NB loan the current loan can be refinanced up to the $1800 limit at the new rate. Must be an ACH or payroll deduction payment. |
| New Beginnings Auto |
|---|
| Up to $20,000 |
| 15.99% APR |
| 60 months |
| $24.32 |
| Monthly payment per $1,000 |
| 6 months of good payment history with NB Loan or 6 months CU member in good standing. Payment must be made through payroll deductions or ACH. Models 2017 and newer only. |