Rates

Loan Rates

September 5, 2018

Loans APR* Term Est. Cost per $1000
Auto Loans (2017-2018) 1.99%- 3.24% Up to 72 months $15.19-$15.53
Auto Loans (2012-2017) 1.99% – 3.74% Up to 60 months $18.19-$18.53
Personal Loans 14.00% – 17.00% Up to 3 years $34.18-$35.65
Holiday & Vacation 7.50% Up to 1 year $86.76
Overdraft Protection 14.00% – 17.00% Line of Credit
Share Secured Loan

3.15%
Index = Share Dividend Rate + 3.00%

Up to 3 years $29.15
Certificate Secured Loan Certificate Rate + 3.00% Up to term of certificate
ANNUAL PERCENTAGE RATE Term
Home Equity Line of Credit Prime +0%
5.00% APR (Current Rate/Minimum Rate)
4.75% (Current Rate with discount for automatic payment)

20 years
(First 10 draw period)

Home Equity Loan

5.49% APR (Fixed Rate)

15 years

$8.17

*APR = Annual Percentage Rate. The actual rate may vary, is based on certain credit-worthiness criteria, and is determined once application is approved. Automatic payment is required to obtain lowest rate. Must be a member of First Priority Credit Union to apply.

Home Equity Loans and Lines of Credit:
Closing costs are waived; 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 $275.00. – $1100.Approval for all home equity products is subject to appraisal. Rates are subject to change without notice. Property Insurance or additional coverage may be required.

Home Equity Loan: Minimum APR is 5.49%. Maximum APR 16.0%.
Payment Example: The monthly payment due per $1000 borrowed on a Fixed Rate Home Equity Loan for a term of 15 years would be $8.17 at a rate of 5.49%. Minimum of $25,000 and maximum of $250,000 applies to this loan.

Home Equity Line: Maximum APR is 16.0%. Minimum APR is 5.00%.Rate is variable and based on prime (as published in the Wall Street Journal) + 0%. Prime rate as of June 14, 2018 is 5.00%. Payment Example: 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 5.00% APR. During that period, you would make 120 monthly payments of $50.00 (Minimum payment amount) followed by 120 monthly payments of $106.07.

Savings Rates

September 5, 2018

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 may change after the account is open and are subject to change without notice. Fees could reduce earnings on accounts.Share Account has a minimum opening and minimum balance requirement of $25.00 and must be maintained to open any other account..

Holiday, All-Purpose and Vacation Accounts: Early withdrawal fee of $15.00 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.

Certificates & IRAs

September 5, 2018

Share/IRA Certificates APY* Minimum Balance
(to Open & Earn Dividend)
Term
3 months .20% $1000 3
6 months .85% $1000 6
9 months 1.25% $1000 9
1 year 1.35% $1000 12
15 months 1.35% $1000 15
18 months 1.45% $1000 18
2 year 1.55% $1000 24
3 year 1.75% $1000 36
4 year 1.85% $1000 48
5 year 2.05% $1000 60

*APY = Annual Percentage Yield.  Early withdrawal penalties may apply. Any changes to certificates must be made on or within 10 days of the maturity date. Fees could reduce earnings on the account.