Rates

Loan Rates


July 1.2017

Loans APR* Term Est. Cost per $1000
Auto Loans (2015-2016) 1.99%- 3.24% Up to 72 months $15.19-$15.53
Auto Loans (2011-2015) 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
Calculator
ANNUAL PERCENTAGE RATE Term
Home Equity Line of Credit 4.25% APR (Variable based on Prime + 0%)

Minimum Rate: 4.25%

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 4.25%.Rate is variable and based on prime (as published in the Wall Street Journal) + 0%. Prime rate as of July 1, 2017 is 4.25 %.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 4.25% APR. During that period, you would make 120 monthly payments of $50.00 (Minimum payment amount) followed by 120 monthly payments of $98.89.

Savings Rates


July 1, 2017

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

July 1, 2017

Share/IRA Certificates APY* Minimum Deposit Term
3 months .20% $1000 3
6 months .30% $1000 6
9 months .40% $1000 9
1 year .65% $1000 12
15 months .50% $1000 15
18 months .50% $1000 18
2 year 1.00% $1000 24
3 year 1.25% $1000 36
4 year 1.50% $1000 48
5 year 1.30% $1000 60

*APY = Annual Percentage Yield. Rates and terms are subject to change without notice. There is a $1000 minimum deposit to open a certificate. Early withdrawal penalties may apply.