Rate and Fee Schedule
The rates, fees, and terms applicable to your account at the Credit Union are provided in this Rate and Fee Schedule. The Credit Union may offer other rates for these accounts from time to time.
|
Rate Schedule
|
|
Effective Date:
|
12-30-08
|
|
Certificate Account
|
| Minimum Opening Deposit |
$1,000.00
|
| Dividends Compounded |
_ _ _*
|
| Dividends Credited |
Monthly
|
| Dividend Period |
Calender Month
|
|
Term
|
Dividend Rate % |
Annual Percentage Yield % |
| |
Fixed
|
|
6 Months
|
2.25%
|
2.27%
|
|
12 Months
|
2.40%
|
2.43%
|
|
18 Months
|
2.75%
|
2.78%
|
|
24 Months
|
2.95%
|
2.99%
|
| 30 Months |
3.25%
|
3.30%
|
| 36 Months |
3.75%
|
3.81%
|
Money Market Account
|
Minimum Account Balance Range
|
Dividend Rate %
|
|
$4,999.99 to $9,999.99
|
1.000%
|
|
$10,000.00 to 24,999.99
|
1.500%
|
|
$25,000.00 to 49,999.99
|
2.000%
|
|
50,000.00 and over
|
3.000%
|
| *Dividends paid monthly |
|
|
Effective Date
|
06-18-08
|
Effecive 09/17/08
LIFE LINE CREDIT UNION, INC.
5855 Bremo Road Suite 701
Richmond, VA 23226
Office 285-1916 Fax 282-8464
LOAN RATES
|
TYPE
|
MAXIMUM REPAYMENT
|
APR
|
DAILY FACTOR
|
SIGNATURE
(closed-end and open-end) |
1 - 3 years |
--
|
See Beacon Score-based
rates below |
|
Special rates may be offered for qualified members borrowing new money. Ask your Credit Union Representative about current "loan specials".
|
|
VISA (no annual fee)
|
3% of total balance
|
9.99%
|
.0274
|
| 100% SHARE SECURED |
5 years |
6.75% |
.0185 |
| 50% SHARE SECURED |
4 years |
10.50% |
.0288 |
|
CERTIFICATE SECURED
|
10 years
|
6.75%
|
.0185
|
EDUCATIONAL
(paid direct o school) |
1 year |
11.00% |
.0301
|
| LOAN RATES |
| Loan Type |
New Vehicle |
Used Vehicle |
Personal Loan Rates |
| Interest Rate |
4.50% - 20.00% |
6.50% - 20.00% |
9.75% - 20.00% |
| |
| New Vehicles: Current year - never been titles; Vehicle purchase price may not exceed vehicle value as reported in the current Black Book New Car Cost Guide. Will lend 100% of Final Bottom Line Price on Dealer Worksheet as long as above requirements is met. Financing between 3 - 6 years. |
| Used Vehicles: Will lend NADA / Black Book Average Retail Value. |
| Financing Terms for used vehicles: |
2008-2009 |
6 years |
| |
|
2007 |
5 years |
| |
|
2006 |
4.5 years |
| |
|
2004-2005 |
3.5 years |
| |
|
2003 or older |
2.5 years |
| |
|
|
|
| New or Used Vehicles / Boats financed for $18,000 or over can be repaid up to 6 months longer |
|
MORTGAGE LOAN RATES
|
| |
Interest Rate
(Based on Beacon Score)
|
| First Time- Home purchase, 2nd mortgage or Home Equity |
5.50% to 10.00%
|
| Refinance- 1st mortgage, 2nd mortgage or Home Equity |
7.00% to 10.50%
|
| |
|
| *Prime Rate will be calculated using The Wallstreet Journal. Prime Rate is subject to change quarterly for our purposes. |
| Prime Rate is currently-3.25% |
|
GENERAL INFORMATION: * A late fee of 5% of the payment amount will be charged on all accounts more than 10 days past due. * A non-refundable $5.00 processing fee may be assessed. * Read and fill out application completely for processing. * Attach a copy of a recent pay stub with the application. * An incomplete or unsigned application may delay processing.
OPTIONAL: Credit Disability and Life Insurance is offered on your loan for a minimal monthly premium that is added on to your loan. Discuss optionis with your Credit Union Representative.
WHENEVER LOAN LINE (24 HOUR) 1-800-366-0993 |
|
