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Rates Effective as of October 24, 2011
Rates quoted are Annual Percentage Rates and are subject to change without notice.
*APR = Annual Percentage Rate. Rates and terms are subject to change.
Our Loan products show a range of interest rates shown, the actual rate, which will be determined once application is approved, will be within the disclosed rates and based on certain credit-worthiness criteria.
Full Relationship (Direct Deposit, a Share Draft Account, Auto Pay and a Priority Check Card) required for all Personal, Overdraft and Holiday and Auto 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. - $1050. Approval for all home equity products is subject to appraisal and rates are subject to change without notice. Maximum ANNUAL PERCENTAGE RATE that can apply is 16.0%. Minimum ANNUAL PERCENTAGE RATE that can apply is 5.99%.
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 5.99%. During that period, you would make 60 monthly payments varying between $50.85 and $50.00 followed by 180 monthly payments varying between $105.75 and $55.63,
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
*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
*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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