Rates

Concierge Banking

Effective Date: 11/01/2017

Concierge loan rates

Type
 
 
discounts available
 
Concierge Gold
 
 
Discount is one-half of  1.00% on closed-end loans and Ready Access Line.*
 
Concierge Silver
 
 
Discount of one-half of 1.00% on closed-end loans and Ready Access Line.*
 

*Excluding VISA, first mortgages and Mini-loans.

Concierge IRA Certificates

Effective Date: 11/01/2017

Concierge gold ira certificates

term (in months)
Prospective Dividend Rate
Prospective Annual Percentage Yield(APY)
Minimum Deposit to Open
12
 
0.55%
0.55%
$500
24
0.70%
0.70%
$500
36
0.75%
0.75%
$500

 

Effective Date: 11/01/2017

Concierge silver ira certificates

term (in months)
Prospective Dividend Rate
Prospective Annual Percentage Yield(APY)
Minimum Deposit to Open
12
 
0.40%
0.40%
$500
24
0.55%
0.55%
$500
36
0.60%
0.60%
$500

Concierge Share Certificates

Effective Date: 11/01/2017

concierge gold share certificate rates

term (in months)
Prospective Dividend Rate
Prospective Annual Percentage Yield (APY)
Minimum Deposit to Open
3
 
0.40%
0.40%
$25,000
6
0.45%
0.45%
$500
12
0.55%
0.55%
$500
24
0.70%
0.70%
$500
36
0.75%
0.75%
$500

The rate in affect when account is opened is fixed for the term of the share certificate.  A penalty will be imposed for early withdrawal.  The APY is accurate as of the effective date.

Effective Date: 11/01/2017

concierge silver share certificate rates

term (in months)
Prospective Dividend Rate
Prospective Annual Percentage Yield (APY)
Minimum Deposit to Open
3
 
0.25%
0.25%
$25,000
6
0.30%
0.30%
$500
12
0.40%
0.40%
$500
24
0.55%
0.55%
$500
36
0.60%
0.60%
$500

The rate in affect when account is opened is fixed for the term of the share certificate.  A penalty will be imposed for early withdrawal.  The APY is accurate as of the effective date.

Concierge Gold Money Market

Effective Date: 11/01/2017

Rates

Daily Balance to Earn APY
Prospective Dividend Rate
Prospective Annual Percentage Yield(APY)
Minimum Deposit to Open
$2500

to $49,999.99
0.20%
0.20%
$2,500
$50,000 or More
0.25%
0.25%
$2,500

After account is opened, rates may change at any time and without notice at the discretion of the Credit Union Board of Directors.
 

IRA Rates

Effective Date: 11/01/2017

Regular ira/coverdell esa

Daily Balance to Earn APY
Prospective Dividend Rate
Prospective Annual Percentage Yield(APY)
Minimum Deposit to Open
Under

$
10,000

 
1.30%
1.31%
N/A
$10,000

or more
1.55%
1.56%
N/A

After account is opened, rates may change at any time and without notice at the discretion of the Credit Union Board of Directors.
 

Effective Date: 11/01/2017

Regular IRA/coverdell esa share certificates

term (in months)
Prospective Dividend Rate
Prospective Annual Percentage Yield(APY)
Minimum Deposit to Open
12
 
0.30%
0.30%
$500
24
0.45%
0.45%
$500
36
0.50%
0.50%
$500

A penalty will be imposed for early withdrawal.
The rate in effect when account is opened is fixed for the term of the share certificate.

 

Savings & Certificate Secured Loans

Effective Date: 11/01/2017

Rates

Type
 
 
Annual Percentage Rate (APR)
 
Savings Secured Loans*
 
 
Savings rate plus 3.00%
 
Certificate Secured Loans

 

 

Certificate rate plus 3.00%

 

*Savings-secured: Variable APR if terms of loan exceeds 12 months.

Signature & Ready Access

Effective Date: 12/01/2017

SIGNATURE & READY ACCESS

 

Signature Loan/Ready Access Line Rates Based on Your Credit Score

Rates are based on creditworthiness and there is a minimum credit score to qualify. Find your credit score and the associated Annual Percentage Rate (APR).

(DNQ = Does not qualify)

Credit Score

Signature Loan
APR%

Ready Access Line** APR%

760

7.49

6.75

700-759

8.99

6.75

650-699

11.49

8.75

620-649

16.00

11.75

500-619

18.00

18.00

Below 500

DNQ

DNQ

 


Rates quoted are the lowest available ("as low as"), actual rate may differ and is dependent on the individual applicant's creditworthiness. Must be a member in good standing.
**Ready Access Line - Variable APR
Click here to apply for a loan under $2,500.
Click here to apply for a loan $2,500 or more.

Share Certificates

Effective Date: 11/01/2017

Regular share certificate rates

term (in months)
Prospective Dividend Rate
Prospective Annual Percentage Yield(APY)
Minimum Deposit to Open
3
 
0.15%
0.15%
$25,000
6
0.20%
0.20%
$500
12
0.30%
0.30%
$500
24
0.45%
0.45%
$500
36
0.50%
0.50%
$500

The rate in affect when account is opened is fixed for the term of the share certificate.  A penalty will be imposed for early withdrawal.  The APY is accurate as of the effective date.

Mortgages

Effective Date:11/17/17

 Mortgage Rate

Conforming Fixed Rate Mortgage

Mortgage Loan Term

Interest Rate

Discount Points

Origination Fee

Annual Percentage Rate (APR)

Principal & Interest Payments

30 Yr.

4.000

0.000

1%

4.119%

$477.42

30 Yr.

3.250

3.000

1%

3.613%

$435.21

15 Yr.

3.500

0.000

1%

3.710%

$714.89

15 Yr.

2.750

3.000

1%

3.402%

$678.63

Jumbo Fixed Rate Mortgages

Mortgage Loan Term

Interest Rate

Discount Points

Origination Fee

Annual Percentage Rate (APR)

Principal & Interest Payments

30 Yr.

4.125%

0.000

1%

4.217%

$2,055.40

30 Yr.

3.375%

3.000

1%

3.712%

$1,874.93

15 Yr.

3.625%

0.000

1%

3.787%

$3,057.92

15 Yr.

2.875%

3.000

1%

3.499%

$2,903.33

Conforming Adjustable Rate Mortgages

Mortgage Loan Term

Interest Rate

Annual Percentage Rate (APR)

Origination Fee

Discount Points

Principal & Interest Payments

5/30 Yr. ARM

3.000%

3.114%

1%

0.000

$421.70

5/30 Yr. ARM

2.250%

2.594%

1%

3.000

$382.32

7/30 Yr. ARM

3.250%

3.366%

1%

0.000

$435.21

7/30 Yr. ARM

2.500%

2.849%

1%

3.000

$395.20

Jumbo Adjustable Rate Mortgages

Mortgage Loan Term

Interest Rate

Annual Percentage Rate (APR)

Origination Fee

Discount Points

Principal & Interest Payments

5/30 Yr. ARM

3.000%

3.088%

1%

0.000

$1,788.41

5/30 Yr. ARM

2.250%

2.567%

1%

3.000

$1,621.39

7/30 Yr. ARM

3.250%

3.339%

1%

0.000

$1,846.14

7/30 Yr. ARM

2.500%

2.822%

1%

3.000

$1,676.02

Home Equity

Effective Date:11/01/2017

rates

 
 

Loan Type

 Annual Percentage Rate (APR)

Home Equity Line of Credit (HELOC) Equity Express 80

as low as 3.75%*

Home Equity Line of Credit (HELOC) Equity Express 100

as low as 5.50%*

Fixed Rate Home Equity Loan

as low as 4.00%

 
 

*Variable APR, Maximum APR is 18.00%. Property insurance is required. Closing costs are estimated to be $1,200 for a standard line of credit. Rates posted are accurate as of November 1, 2017 and are subject to change without notice. Call 1-800-821-7280  to obtain current rate information. Although rates quoted are the lowest available (“as low as”), actual rate may differ and is dependent on the individual applicant’s creditworthiness.

Auto Loans

Effective Date: 11/01/2017

rates                                                                                                         

 
 

 Auto Loan Rates Based on Your Credit Score

Rates are based on creditworthiness and there is a minimum credit score to qualify. Find your credit score and the associated rate.

(DNQ = Does not qualify)

New Autos

Credit Score/Term up to:

Up to 60 mos.
APR%*

760

2.24

700-759

2.49

650-699

2.74

635-649

7.04

620-634

8.04

540-619

10.74

500-539

12.74

Under 500

DNQ

 Used Autos 2012 and Newer

Older Than 2012

Credit Score/Term up to:

36 mos. APR %*

48 mos.
APR %*

60 mos.
APR%*

36 mos.
APR%*

760

2.49

2.49

2.49

3.74

700-759

2.74

2.74

2.74

3.99

650-699

2.99

2.99

2.99

4.24

635-649

7.29

7.29

7.29

8.54

620-634

8.29

8.29

8.29

9.54

540-619

10.99

10.99

10.99

12.24

500-539

12.99

12.99

12.99

14.24

Under 500

DNQ

DNQ

DNQ

 DNQ

 

Apply for a loan online

*APR: Annual Percentage Rate. Discounts for Concierge Gold and Silver members. Rates are subject to change without notice. Existing MEFCU auto loans cannot be refinanced. MEFCU membership is required. Limitations on terms apply for used auto loans based on model year. Used Auto Loans - Flexible terms available; auto loan amount up to NADA retail value. Longer terms available at higher APRs.

Regular Money Market

Effective Date: 11/01/2017

Rates

Daily Balance to Earn APY*
Prospective Dividend Rate
Prospective Annual Percentage Yield(APY)
Minimum Deposit to Open
$2500

to $49,999.99
0.15%
0.15%
$2,500
$50,000 or More
0.20%
0.20%
$2,500

After account is opened, rates may change at any time and without notice at the discretion of the Credit Union Board of Directors.

*You must maintain the average daily balance to obtain the disclosed annual percentage yield. Fees may reduce earnings on accounts. See Schedule of Account Fees for more information.

VISA Credit Cards

Effective Date: 11/01/2017

Rates

card Type
 
 
Annual Percentage rate (APR)
 
VISA Platinum
 
 
9.90%
 
VISA Gold
 
 
13.80%
 
VISA Classic
 
 
17.88%
 
VISA Secured
 
 
17.88%
 

A $25 annual fee will be imposed on VISA Classic and VISA Secured Accounts. Click here to apply online.

Regular Checking

Effective Date: 11/01/2017

rates

Daily Balance to Earn APY
Prospective Dividend Rate
Prospective Annual Percentage Yield(APY)
Minimum Deposit to Open
$2500

or more
0.05%
0.05%
N/A

After account is opened, rates may change at any time and without notice at the discretion of the Credit Union Board of Directors.
You must maintain an average daily balance of $500 to obtain the disclosed annual percentage yield. Fees may reduce earnings on accounts. See Schedule of Account Fees for more information.

Savings

Effective Date: 11/01/2017

Savings Rates

Account Type
Average Daily Balance
Prospective Dividend Rate
Prospective Annual Percentage Yield
Minimum Deposit to Open
Primary Savings
$500 or More
0.10%
0.10%
$10
Secondary Savings and Club Accounts
$500 or More
0.10%
0.10%
$5

After account is opened, rates may change at any time and without notice at the discretion of the Credit Union Board of Directors.
You must maintain an average daily balance of $500 to obtain the disclosed annual percentage yield. Fees may reduce earnings on accounts. See Schedule of Account Fees for more information.

 
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