Rates

Emerald Credit Union offers its membership great rates on both deposit and loan services.  Money Market Account rates are tiered and pay a higher rate on larger balances. The rates on lending products are based on credit and employment history, value of security, and income levels
 
Loan App


LOANS:
Loan Rates Effective March 14, 2016
Annual Percentage Rate (APR) Term

New Auto - Never Titled

as low as 2.49% 72 Months
  as low as 2.24% 60 Months
  as low as 1.99% 48 Months
  as low as 1.74% 36 Months

Used Auto
- Previously Titled

as low as
2.74%
60 Months
  as low as
 2.49%
48 Months
 
as low as
 2.24%

36 Months
New Motorcycle - Never Titled as low as
4.49%
72 Months
  as low as 3.99% 60 Months
  as low as 3.74% 48 Months
  as low as 3.49% 36 Months

First Mortgage Purchase

Please Call for Rates Please Call for Terms

First Mortgage Refinance

Please Call for Rates Please Call for Terms

Home Equity Line of Credit


Please Call for Rates 10-Year Draw,
10-Year Repayment

Visa Platinum Credit Card

as low as
8.95%
N/A

Personal Loan

as low as
9.99%
up to 60 Months
Share Secured
3.00% + Applicable Share or CD Rate 12 to 60 Months

Home equity line of credit is a variable rate: the APR will adjust to the Prime Rate plus/minus any margin, when the Federal Reserve changes the Prime Rate.
Pledged shares rate is 3% above the rate which the collateral is earning.



SHARE (SAVINGS) ACCOUNTS / CLUB ACCOUNTS / MONEY MARKET ACCOUNTS:
Savings Rates Effective March 14, 2016 Minimum Balance Annual Percentage Yield (APY) APR* Term
Regular Share (Savings) & Club Account $500 0.03% 0.03% N/A
Youth Share (Savings) - Members Ages 17 and Under $50 0.03% 0.03% N/A
IRA Accumulator $1,000 0.05% 0.05% N/A
Money Market Account (Balances of $2,000-$49,999.99) $2,000 0.10% 0.10% N/A
Money Market Account (Balances of $50,000 and More) $50,000 0.15% 0.15% N/A

Share Savings & Club Accounts:
Compounding and crediting: Dividends will be compounded every quarter. Dividends will be credited to your account every quarter. If you close your account before dividends are paid, you will not receive the accrued dividends.

Minimum balance requirements: You must maintain a minimum average daily balance of $500.00 in your share savings and/or club account to obtain the disclosed percentage yield.

Average daily balance computation method: Dividends are calculated by the average daily balance in the account for the period. The average daily balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is the quarterly statement cycle.


Money Market Accounts:
Compounding and crediting: Dividends will be compounded every quarter. Dividends will be credited to your account every quarter. If you close your account before dividends are paid, you will not receive the accrued dividends.

Minimum balance requirements: The minimum balance required to open this account is $2,000.00. You must maintain a minimum average daily balance of $2,000.00 in your account to obtain the disclosed annual percentage yield.

Average daily balance computation method: Dividends are calculated by the average daily balance in the account for the period. The average daily balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is the quarterly statement cycle.

Withdrawal restrictions: Minimum withdrawal amount is $500.00 ($10 fee for less).  Maximum of five (5) withdrawals per quarter ($10 fee when exceeded).



IRA & SHARE CERTIFICATES:
Share Certificate Rates Effective March 14, 2016 Minimum
Deposit
APY** APR*
  6 Months $1,000 0.25% 0.25%
12 Months $1,000 0.40% 0.40%
18 Months $1,000 0.45% 0.45%
24 Months $1,000 0.70% 0.70%
36 Months $1,000 0.80% 0.80%
48 Months $1,000 1.10% 1.09%
60 Months $1,000 1.45% 1.44%

Effect of closing an account: If you close your account before dividends are paid, you will not receive the accrued dividends up to 12 months.

Daily balance computation method: Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the amount each day.

Transaction limitations: After the account is opened, you may not make additions to the account until the maturity date stated on the account.

Early withdrawal penalties (a penalty may be imposed for withdrawals before maturity) - Please refer to Fee Schedule for early withdrawal penalties.


All rates are subject to change without notice.
*APR = Annual Percentage Rate
**APY = Annual Percentage Yield

Account_Disclosures

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