Loan Rates
Auto/Motorcycle Fixed Loan Rates
Auto/Motorcycle Fixed Loan Rates
| Model Year |
Loan Amount |
Term |
APR* as low as** |
| New |
$5,000 min |
up to 60 mos. |
2.24% |
| New |
$15,000 min |
61 to 72 mos.~ |
2.49% |
| New |
$15,000 min |
73 to 84 mos. |
3.49% |
| Used/Refinanced |
$5,000 min |
up to 60 mos. |
2.75% |
| Used/Refinanced |
$15,000 min |
61 to 72 mos.~ |
3.24% |
| Late Model Used/Refinanced* |
$3,000 min |
up to 36 mos. |
4.75% |
If you don’t see what you need, please contact us to discuss how we can help you.
Financing Up to 125% of MSRP or NADA Clean Retail — Including tax, title and warranty products.^
All loans must be current & have satisfactory payment history.
New = never titled and less than 12,000 miles, Used = previously titled.
~ New and Used Motorcycle loans are limited to 60 months.
^ Other conditions may apply.
*Late Model is considered older than 10 model years. Financing up to 100% of NADA Clean Retail - Including tax, title and warranty products. Other conditions may apply.
Auto/Motorcycle Fixed Loan Rates
| Model Year |
Age of Vehicle |
Maximum Term/Dollar Value |
|
2014-2018
|
Current to Five Years Old
|
Max. 72 months if over $15,000
Max. 60 months if over $5,000
|
|
2012-2013
|
Six and Seven Years Old
|
Max. 48 Months
|
|
2009-2011
|
Eight to Ten Years
|
Max. 36 Months
|
| Late Model |
Prior to 2009 |
Max. 36 Months |
Home Equity Line-of-Credit
Home Equity Line-of-Credit
| Loan Type |
Term |
APR* |
| Gold (90% CLTV)†o |
Revolving |
5.00% |
| Classic (90% CLTV)§o |
Revolving |
4.50% |
CLTV = Combined Loan to Value.
†Variable rate is based on The Wall Street Journal Prime. Rate adjusted monthly.
§Variable rate is based on The Wall Street Journal Prime minus .50%. Rate adjusted monthly.
oOn average, closing costs are approximately $1,000 but may vary depending upon the amount of the loan, terms, property value, etc. Consult your tax advisor regarding the deductibility of interest and charges.
Leisure Vehicles
Leisure Vehicles
| Loan Type |
Loan Amount |
Term |
APR* as low as** |
| Boat, RV |
$15,000 min |
up to 84 mos. |
4.25% |
| Boat, RV |
$40,000 min |
85 to 120 mos. |
5.55% |
| Boat, RV |
$40,000 min |
121 to 144 mos. |
6.05% |
†Includes Personal Watercraft and Snowmobiles.
*Annual Percentage Rate.
**APR is based on evaluation of applicant's credit at time of application. Your actual APR may vary. FedChoice Federal Credit Union's normal underwriting requirements apply.
Line-of-Credit
Line-of-Credit
| Loan Amounts $300 to $20,000 |
| Loan Type |
APR* as low as** |
| Instant Access Line-of-Credit (variable)† |
8.50% |
† Base rate derived from The Wall Street Journal Prime Rate plus 4%. Other tiers apply. Rate adjusted monthly.
* Annual Percentage Rate
** APR is based on evaluation of applicant's credit. Your actual APR may vary.
Share Secured Loans
Share Secured Loans
| Loan Type |
Term |
APR* |
| Share Secured Loan (variable)†§ |
up to 84 mos. |
3.10% |
Amount of shares securing the loan must be in Main Share Savings Account.
† Rate based on the cost of funds plus 3%. (Cost of funds is the basic savings account dividend rate for balances >= $2,500.00.) Rate adjusted semi-annually.
§ Minimum loan amount $300.00/Maximum loan amount $50,000.00
* Annual Percentage Rate
** APR is based on evaluation of applicant's credit. Your actual APR may vary.
Signature Loans
Signature Loans
| Loan Amounts to $35,000 |
| Rate Type |
Loan Amount |
Term |
APR* as low as** |
| Fixed |
$500 min |
up to 36 months |
7.65% |
| Fixed |
$2,000 min |
37 to 60 months |
8.65% |
* Annual Percentage Rate
** APR is based on evaluation of applicant's credit. Your actual APR may vary.
Smart Choice Home Equity Loans
Smart Choice Home Equity Loans
Fixed Interest Rates
| Loan Type |
Term |
APR* |
| 5 Year (80% LTV)†^ |
60 months |
4.25% |
| 5 Year (90% CLTV)†± |
60 months |
5.25% |
| 10 Year (80% LTV)‡^ |
120 months |
4.65% |
| 10 Year (90% CLTV)ౠ|
120 months |
5.65% |
| 15 Year (80% LTV)‡^ |
180 months |
5.30% |
| 15 Year (90% CLTV)ౠ|
180 months |
6.30% |
* Annual Percentage Rate.
Owner-occupied primary residence only. Available in Delaware, District of Columbia, Maryland, New Jersey, Pennsylvania and Virginia. 1st or 2nd lien, no pre-payment penalty.
† Borrow $5,000 to $250,000.
‡ Borrow $10,000 to $250,000.
^ 1st lien Smart Choice Home Equity Fixed Rate loans are limited to a maximum loan to value of 80%.
± Not applicable to 1st liens for Smart Choice Home Equity Fixed Rate loans.
Smart Choice Plus
Smart Choice Plus - Fixed Interest Rates
| Loan Type |
Term |
APR* as low as** |
| 10 Year (up to 125% CLTV)†^ |
120 months |
9.25%~ |
Owner-occupied primary residence only. Available in Delaware, District of Columbia, Maryland, New Jersey, Pennsylvania and Virginia. 2nd lien only; no pre-payment penalty.
† Borrow $10,000 to $50,000. Amount varies depending upon the member’s credit score. Maximum of $50,000 aggregate unsecured credit/member.
^ CLTV = Combined Loan-to-Value.
* APR = Annual Percentage Rate.
~ Starting as low as 9.25%. APR is based on evaluation of applicant's credit at time of application. Your actual APR may vary. FedChoice Federal Credit Union's normal underwriting requirements apply.
VISA® Credit Card Rates
VISA® Credit Card Rates
| Terms |
VISA® PLATINUM with Rewards |
VISA® Gold |
VISA® Share Secured |
| Special Features |
|
Introductory Fixed Rate of
2.99% APR^
Effective for the first six billing cycles
|
|
| APR* For Purchases |
Variable Rate As low as
8.50%††
|
Fixed Rate from
9.46% - 18.00%
|
Variable Rate†
currently at 11.75%
|
| Method Of Computing the Balance For Purchases |
Average
Daily Balance
|
| APR* For Cash Advances |
Variable Rate††
|
Fixed Rate
9.46% - 18.00%
|
Variable Rate†
|
| Transaction Fee For Purchases |
None
|
| Credit Limit |
$5,000 to $50,000
|
$500 to $35,000
|
$300 to $5,000
|
| Grace Period For Repayment Of the Balance For Purchases |
You have 27 days to repay your balance before being charged a finance charge.
|
| Annual Fee |
None
|
* APR = Annual Percentage Rate. APR is based on evaluation of applicant’s credit at time of application. Actual APR may vary. FedChoice Federal Credit Union’s normal underwriting requirements apply.
~ Cash advances and transfers do not qualify for Platinum Rewards points. Points can be redeemed for a variety of travel and merchandise awards, but NOT cash.
†† Variable rate is based on The Wall Street Journal Prime plus 3.50% to 9.00%. Rate may be adjusted monthly and depends upon applicant’s creditworthiness at time of application.
^ The special VISA® Gold Introductory Rate applies to purchases, balance transfers and cash advances and will remain in effect for six (6) billing cycles from the date the credit card is issued. Thereafter, the rate will revert to the regular fixed rate of 9.46% -18.00% APR as determined by an evaluation of your credit. The introductory rate is not available to members who currently have a FedChoice credit card or have had one in the past three months.
† Variable rate is based on The Wall Street Journal Prime plus 7.00% - rate adjusted semi-annually. Share Secured VISA® requires a deposit of 110% of credit limit.
Deposit Rates
Checking Accounts
Checking Accounts
| Type of Account |
Minimum Daily Balance to Earn Declared Rate |
APY* |
| Premium Checking§ |
$1,500 |
0.05% |
§Dividends Compounded and Credited: Quarterly
Balance Method: Average Daily Balance Limitations: Refer to Member Services Agreement.
*Any APY (Annual Percentage Yield) provided in this disclosure assumes dividends will remain on deposit until maturity for accounts with terms, or for at least one year for accounts with no terms. A withdrawal will reduce earnings. See your account disclosure for additional information about your account.
All rates subject to change without notice. Please call the Financial Advisory Center to confirm posted rates. Your savings are insured up to $500,000. The first $250,000 per member is insured by the National Credit Union Administration (NCUA), a U.S. Government Agency, with an additional $250,000 of coverage provided by Excess Share Insurance Corporation (ESI), a private corporation.
Coverdell ESA Share Account
Coverdell ESA Share Account Rates
| Type of Account |
Minimum Opening
Balance |
Minimum Daily
Balance to Earn
Declared Rate |
APY* |
Coverdell Education
Savings Account |
$100.00 |
$100.00 to
$1,500.00 |
0.20% |
| |
$1,500.01 |
$1,500.01 to
$20,000.00 |
0.30% |
| |
$20,000.01 |
$20,000.01
and above |
0.40% |
Dividends Compounded and Credited: Monthly. Dividends are paid from current income and available earnings, after required transfers to reserves, after the end of the dividend period. Balance Method: Average Daily Balance Limitations: Refer to Member Services Agreement. *Fees: Refer to Service Fees.
*Any APY (Annual Percentage Yield) provided in this disclosure assumes dividends will remain on deposit until maturity for accounts with terms, or for at least one year for accounts with no terms. A withdrawal will reduce earnings. Rates for variable-rate accounts are in effect through the period disclosed. See your account disclosure for additional information about your account.
All rates subject to change without notice. Please call the Credit Union to confirm posted rates. Your savings are insured up to $500,000. The first $250,000 per member is insured by the National Credit Union Association (NCUA), a U.S. Government Agency, with an additional $250,000 of coverage provided by Excess Share Insurance Corporation (ESI), a private corporation.
Coverdell ESA Share Certificate
Coverdell ESA Share Certificate
| Term |
Minimum Opening
Balance |
Dividends Compounded /
Credited |
APY* |
Earn More
APY** |
| 18 Month† |
$250.00 |
Monthly |
0.35% |
0.60% |
Dividends Compounded and Credited: Monthly. Dividends are paid from current income and available earnings, after required transfers to reserves, after the end of the dividend period. Balance Method: Average Daily Balance Limitations: Refer to Member Services Agreement. *Fees: Refer to Service Fees.
*Any APY (Annual Percentage Yield) provided in this disclosure assumes dividends will remain on deposit until maturity for accounts with terms, or for at least one year for accounts with no terms. A withdrawal will reduce earnings. Rates for variable-rate accounts are in effect through the period disclosed. See your account disclosure for additional information about your account.
**The Earn More rate is applied to certificates opened by members who have open checking accounts. If you do not have a checking account, the lower "standard" rate will apply. If you open a checking account after a certificate is opened, the Earn More rate will apply only when the certificate renews.
All rates subject to change without notice. Please call the Credit Union to confirm posted rates. Your savings are insured up to $500,000. The first $250,000 per member is insured by the National Credit Union Association (NCUA), a U.S. Government Agency, with an additional $250,000 of coverage provided by Excess Share Insurance Corporation (ESI), a private corporation.
IRA Share Account
IRA Share Account
| Choose From Traditional IRA * Roth IRA * SEP IRA |
| Type of Account |
Minimum Opening
Balance |
Minimum Daily
Balance to Earn
Declared Rate |
APY* |
ROTH, SEP,
Traditional IRA
Share Accounts |
$100.00 |
$100.00 to
$1,500.00 |
0.25% |
| |
$1,500.01 |
$1,500.01 to
$20,000.00 |
0.35% |
| |
$20,000.01 |
$20,000.01
and above |
0.45% |
Dividends Compounded and Credited: Monthly. Dividends are paid from current income and available earnings, after required transfers to reserves, after the end of the dividend period. Balance Method: Average Daily Balance Limitations: Refer to Member Services Agreement. *Fees: Refer to Service Fees.
*Any APY (Annual Percentage Yield) provided in this disclosure assumes dividends will remain on deposit until maturity for accounts with terms, or for at least one year for accounts with no terms. A withdrawal will reduce earnings. Rates for variable-rate accounts are in effect through the period disclosed. See your account disclosure for additional information about your account.
All rates subject to change without notice. Please call the Credit Union to confirm posted rates. Your savings are insured up to $500,000. The first $250,000 per member is insured by the National Credit Union Association (NCUA), a U.S. Government Agency, with an additional $250,000 of coverage provided by Excess Share Insurance Corporation (ESI), a private corporation.
IRA Term Certificates
IRA Term Certificates
| Choose From Traditional IRA * Roth IRA * SEP IRA |
|
| Term |
Minimum Opening
Balance |
Dividends Compounded /
Credited |
APY* |
Earn More
APY* |
18 Month†
IRA |
$500 |
Monthly |
0.35% |
0.60% |
18 Month†
IRA Mini-Jumbo |
$50,000 |
Monthly |
0.40% |
0.65% |
18 Month†
ROTH IRA |
$500 |
Monthly |
0.35% |
0.60% |
18 Month†
ROTH IRA Mini-Jumbo |
$50,000 |
Monthly |
0.40% |
0.65% |
18 Month†
SEP IRA |
$500 |
Monthly |
0.35% |
0.60% |
18 Month†
SEP IRA Mini-Jumbo |
$50,000 |
Monthly |
0.40% |
0.65% |
60 Month†
IRA |
$500 |
Monthly |
1.25% |
1.50% |
60 Month†
IRA Mini-Jumbo |
$50,000 |
Monthly |
1.30% |
1.55% |
60 Month†
ROTH IRA |
$500 |
Monthly |
1.25% |
1.50% |
60 Month†
ROTH IRA Mini-Jumbo |
$50,000 |
Monthly |
1.30% |
1.55% |
60 Month†
SEP IRA |
$500 |
Monthly |
1.25% |
1.50% |
60 Month†
SEP IRA Mini-Jumbo |
$50,000 |
Monthly |
1.30% |
1.55% |
Dividends Compounded and Credited: Monthly. Dividends are paid from current income and available earnings, after required transfers to reserves, after the end of the dividend period. Balance Method: Average Daily Balance Limitations: Refer to Member Services Agreement. *Fees: Refer to Service Fees.
*Any APY (Annual Percentage Yield) provided in this disclosure assumes dividends will remain on deposit until maturity for accounts with terms, or for at least one year for accounts with no terms. A withdrawal will reduce earnings. Rates for variable-rate accounts are in effect through the period disclosed. See your account disclosure for additional information about your account.
**The Earn More rate is applied to certificates opened by members who have open checking accounts. If you do not have a checking account, the lower "standard" rate will apply. If you open a checking account after a certificate is opened, the Earn More rate will apply only when the certificate renews.
All rates subject to change without notice. Please call the Credit Union to confirm posted rates. Your savings are insured up to $500,000. The first $250,000 per member is insured by the National Credit Union Association (NCUA), a U.S. Government Agency, with an additional $250,000 of coverage provided by Excess Share Insurance Corporation (ESI), a private corporation.
Money Markets
Money Markets
| Type of Account |
Minimum Opening Balance |
Minimum Daily Balance
to
Earn Declared Rate |
APY* |
Earn More† |
| Money Market |
$1,500.00 |
$1,500.00 to $20,000.00 |
0.05% |
0.30% |
| |
$20,000.01 |
$20,000.01 to $50,000.00 |
0.05% |
0.30% |
| |
$50,000.01 |
$50,000.01 to $100,000.00 |
0.10% |
0.35% |
| |
$100,000.01 |
$100,000.01 & Over |
0.10% |
0.35% |
Dividends Compounded and Credited: Monthly
Balance Method: Average Daily Balance, Limitations: Refer to Membership and Account Agreement including Disclosures.
*Fees: Refer to Service Fees.
†Earn More Money Market = FedChoice Federal Credit Union checking account with Money Market - Money Market earns an extra .25% BONUS
*Any APY (Annual Percentage Yield) provided in this disclosure assumes dividends will remain on deposit until maturity for accounts with terms, or for at least one year for accounts with no terms. A withdrawal will reduce earnings. Rates for variable-rate accounts are in effect through the period disclosed. See your account disclosure for additional information about your account.
All rates subject to change without notice. Please call the Credit Union to confirm posted rates. Your savings are insured up to $500,000. The first $250,000 per member is insured by the National Credit Union Administration(NCUA), a U.S. Government Agency, with an additional $250,000 of coverage provided by Excess Share Insurance Corporation (ESI), a private corporation.
Savings Accounts
Savings Accounts
| Type of Account |
Minimum Opening Balance |
Minimum Daily Balance to
Earn Declared Rate |
APY* |
| Main Share Savings |
$5.00 |
$50.00 & Over |
0.10% |
| Special Savings Accounts |
$0.00 |
$50.00 & Over |
0.10% |
| Holiday Club† |
$0.00 |
$50.00 & Over |
0.10% |
Dividends Compounded and Credited Quarterly. Dividends are paid from current income and available earnings, after required transfers to reserves after the end of the dividend period.
Minimum Balance For Dividends: $50.00 Balance Method: Average Daily Balance Limitations: Refer to Member Services Agreement.
†Holiday Club accounts mature October 31st of each year. Funds will transfer to the account that you have specified.
*Any APY (Annual Percentage Yield) provided in this disclosure assumes dividends will remain on deposit until maturity for accounts with terms, or for at least one year for accounts with no terms. A withdrawal will reduce earnings. Rates for variable-rate accounts are in effect through the period disclosed. See your account disclosure for additional information about your account.
All rates subject to change without notice. Please call the Credit Union to confirm posted rates. Your savings are insured up to $500,000. The first $250,000 per member is insured by the National Credit Union Administration (NCUA), a U.S. Government Agency, with an additional $250,000 of coverage provided by Excess Share Insurance Corporation (ESI), a private corporation.
Share Certificate
Share Certificate
| Term |
Dividends Compounded /
Credited |
Rate Tiers |
APY* |
Earn More
APY** |
| 6 Months Regular |
Quarterly |
$500 - $49,999 |
0.20% |
0.45% |
| Mini-Jumbo |
|
$50,000 and above |
0.25% |
0.50% |
| 12 Months Regular |
Quarterly |
$500 - $49,999 |
0.30% |
0.55% |
| Mini-Jumbo |
|
$50,000 and above |
0.35% |
0.60% |
| 18 Months Regular |
Quarterly |
$500 - $49,999 |
0.35% |
0.60% |
| Mini-Jumbo |
|
$50,000 and above |
0.40% |
0.65% |
| 24 Months Regular |
Quarterly |
$500 - $49,999 |
0.50% |
0.75% |
| Mini-Jumbo |
|
$50,000 and above |
0.55% |
0.80% |
| 36 Months Regular |
Quarterly |
$500 - $49,999 |
0.65% |
0.90% |
| Mini-Jumbo |
|
$50,000 and above |
0.70% |
0.95% |
| 48 Months Regular |
Quarterly |
$500 - $49,999 |
0.75% |
1.00% |
| Mini-Jumbo |
|
$50,000 and above |
0.80% |
1.05% |
| 60 Months Regular |
Quarterly |
$500 - $49,999 |
1.25% |
1.50% |
| Mini-Jumbo |
|
$50,000 and above |
1.30% |
1.55% |
| $500 Minimum Opening Balance |
|
Term Certificate accounts may be subject to penalties for early withdrawal.
*Rates quoted as Annual Percentage Yield (APY). Any APY provided in this disclosure assumes dividends will remain on deposit until maturity for accounts with terms, or for at least one year for accounts with no terms. A withdrawal will reduce earnings. Rates for variable-rate accounts are in effect through the period disclosed. See your account disclosure for additional information about your account.
**The Earn More rate is applied to certificates opened by members who have open checking accounts. If you do not have a checking account, the lower "standard" rate will apply. If you open a checking account after a certificate is opened, the Earn More rate will apply only when the certificate renews.
All rates subject to change without notice. Please call the Credit Union to confirm posted rates. Your savings are insured up to $500,000. The first $250,000 per member is insured by the National Credit Union Association (NCUA), a U.S. Government Agency, with an additional $250,000 of coverage provided by Excess Share Insurance Corporation (ESI), a private corporation.