Rates & Calculators

 
Rates Effective as of August 1, 2013
 
Rates quoted are Annual Percentage Rates and are subject to change without notice.
Loans ANNUAL PERCENTAGE RATE* Daily Periodic Rate Approx. Term Est. Cost per $1000
Auto Loans (2012-2013) 2.99% - 3.74% 0.0081917% to 0.0102465% Up to 72 months $15.19-$15.53
Auto Loans (2008-2012) 3.49% - 4.24%

0.0095616% to 0.0116164%

Up to 60 months

$18.19-$18.53

Personal Loans 14.00% - 17.00% 0.0383561% to 0.0465753% Up to 3 years $34.18-$35.65
Overdraft Protection 14.00% - 17.00%   Line of Credit  
Share Secured Loan

3.15% 
Index = Share Dividend Rate + 3.00%

 0.0086301% 

Up to 3 years $29.15
Certificate Secured Loan Certificate Rate + 3.00%   Up to term 
of certificate
Calculator
  ANNUAL PERCENTAGE RATE   Term  
Home Equity Line of Credit

3.25% APR (Variable based on Prime + 0%)

Minimum Rate: 3.25%

 

20 years 
(First 10 draw period)

 

 

Home Equity Loan

5.99% APR (Fixed Rate)

Minimum Rate: 5.99%

  15 years

$8.43

*APR = Annual Percentage Rate.  Rates and terms are subject to change.

Our Loan products show a range of interest rates. The actual rate may vary, but will be within the disclosed rates shown.  Rate is determined once application is approved and is based on certain credit-worthiness criteria and may vary based on credit union relationship considerations.

Automobile loan  currently financed at First Priority Credit Union are not eligible to be refinanced. 

Full Relationship (Direct Deposit, a Share Draft Account, Auto Pay and a Priority Check Card) required for all Personal, Overdraft and Holiday Loans.

Home Equity Loans and Lines of Credit:
Must be a member to apply for a Home Equity Loan or Line of Credit .  To be a member of First Priority Credit Union you must open and maintain a balance of $25.00 in a Share Account.

*There are no closing costs associated with our Home Equity Lines of Credit or Loans, however if borrower terminates the agreement or a discharge is issued within 12 months from the date of agreement then the borrower will be responsible for the full amount of waived costs of between $275. - $1100.  Approval for all home equity products is subject to appraisal and rates are subject to change without notice.  Maximum ANNUAL PERCENTAGE RATE on a Home Equity Loan or Home Equity Line of Credit that can apply is 16.0%.  Minimum ANNUAL PERCENTAGE RATE on a Home Equity Loan is 5.99%.  Minimum ANNUAL PERCENTAGE RATE on a Home Equity Line of Credit is 3.25%.

Property Insurance or additional coverage may be required for Home Equity Loans or Lines of Credit. 

Payment Examples for Home Equity Loans and Lines:  

Home Equity Loans:  The monthly payment due per $1000 borrowed on a Fixed Rate Home Equity Loan for a term of 15 years would be $8.43 at a rate of 5.99%.  Minimum of $25,000 and maximum of $250,000 applies to this loan. 

Home Equity Lines of Credit: If you made only the minimum monthly payments and took no other credit advances, it would take 20 years to pay off an advance of $10,000 at an ANNUAL PERCENTAGE RATE of 3.25%.  During that period, you would make 120 monthly payments of $50.00 (Minimum payment amount) followed by 180 monthly payments varying between $74.78 and $56.45.

Home Equity Loans or Lines of Credit currently financed with First Priority must increase current balance by $25,000.

 

 
 
Rates quoted are Annual Percentage Yields and are subject to change without notice
Savings APY* Term
Share Account 0.15 n/a
Money Market Account $0 - $24,999.99 0.15 n/a
Money Market Account $25,000.00 or More 0.30 n/a
IRA Accumulator 0.15 n/a
Holiday Account 0.15 n/a
Vacation Accounts 0.15 n/a
All-Purpose Account 0.15 n/a

*APY = Annual Percentage Yield.  Rates are subject to change without notice, before or after an account is opened. Fees could reduce earnings on accounts.  A Share Account with a balance of $25.00 must be maintained to open any other account.

Share Account has a minimum opening and minimum balance requirement of $25.00. 

Holiday, All-Purpose and Vacation Accounts have a $15.00 withdrawal fee for withdrawals before the disbursement date. 

Money Market Accounts -- minimum opening balance is $2500 and a balance of $200 must be maintained at all times.

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Rates quoted are Annual Percentage Yields and are subject to change without notice
Share/IRA Certificates APY* Minimum Deposit Term
3 months  .15% $1000 3
6 months  .25% $1000 6
9 months  .40% $1000 9
1 year  .40% $1000 12
15 months .50% $1000 15
18 months  .50% $1000 18
2 year .75% $1000 24
3 year 1.00% $1000 36
4 year 1.20% $1000 48
5 year 1.30% $1000 60

*APY = Annual Percentage Yield.  Rates and terms are subject to change. There is a $1000 minimum deposit to open a certificate. Early withdrawal penalties may apply.

 

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