Rates
One of the benefits of an FMFCU membership is better savings and loan rates. Our credit union has no shareholders eagerly splitting our profits among themselves. Instead, profits are passed on to our members through higher savings rates and lower loan rates. Whether looking to open a retirement account or needing a loan for a new car or new home, FMFCU offers attractive rates.
All rates are subject to change without notice.
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Certificate Rates
CERTIFICATE TERM* MINIMUM BALANCE* DIVIDEND RATE ANNUAL PERCENTAGE YIELD 3 MONTH $500 0.99% 1.00% 6 MONTH $500 1.98% 2.00% 9 MONTH $500 1.73% 1.75% 12 MONTH $500 2.61% 2.65% 18 MONTH $500 2.71% 2.75% 24 MONTH BUMP $500 2.47% 2.50% 24 MONTH $500 2.95% 3.00% 36 MONTH $500 3.30% 3.36% 48 MONTH $500 3.10% 3.15% 60 MONTH $500 3.20% 3.25% 60 MONTH TAKE CONTROL $500 2.13% 2.15% *$250.00 minimum for members under 18 years of age. All Certificate Terms Available for IRA Investments. Penalty may be imposed for early withdrawal. Fees and other conditions could reduce earnings.
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Club Account Rates
VARIABLE RATE ACCOUNTS+ MINIMUM BALANCE DIVIDEND RATE ANNUAL PERCENTAGE YIELD CLUB ACCOUNTS HOLIDAY CLUB N/A 0.10% 0.10% HOLIDAY-E-CLUB $0 - $2,500 1.98% 2.00% HOLIDAY-E-CLUB $2,500 & OVER 0.10% 0.10% VACATION CLUB N/A 0.10% 0.10% VACATION-E-CLUB $0 - $2,500 1.98% 2.00% VACATION-E-CLUB $2,500 & OVER 0.10% 0.10% +Rates may change after account is opened. Fees and other conditions could reduce earnings. Regulation D, sets limits on certain types of transactions conducted on savings, clubs and money market accounts. These limitations allow you to make no more than six (6) preauthorized (ACH), automatic, telephonic, audio response (PAT), check, or e-banking transfers to another account of yours or to a third party, during any calendar month. If you exceed these limits, your account will be subject to a fee and possible closure as outlined in our Terms and Conditions disclosure.
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Cub Account Rates
VARIABLE RATE ACCOUNTS+ MINIMUM BALANCE DIVIDEND RATE ANNUAL PERCENTAGE YIELD CUB ACCOUNT $0 - $500 3.92% 4.00% CUB ACCOUNT $500.01 & OVER 0.10% 0.10% +Rates may change after account is opened. Fees and other conditions could reduce earnings. Regulation D, sets limits on certain types of transactions conducted on savings, clubs and money market accounts. These limitations allow you to make no more than six (6) preauthorized (ACH), automatic, telephonic, audio response (PAT), check, or e-banking transfers to another account of yours or to a third party, during any calendar month. If you exceed these limits, your account will be subject to a fee and possible closure as outlined in our Terms and Conditions disclosure.
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Individual Retirement Account (IRA) Rates
All Certificate Terms Available for IRA Investments.
VARIABLE RATE ACCOUNTS+ MINIMUM BALANCE DIVIDEND RATE ANNUAL PERCENTAGE YIELD INDIVIDUAL RETIREMENT ACCOUNTS (IRAs) TRADITIONAL $5 0.30% 0.30% ROTH CONVERSION $5 0.30% 0.30% ROTH CONTRIBUTION $5 0.30% 0.30% COVERDELL $5 0.30% 0.30% +Rates may change after account is opened. Fees and other conditions could reduce earnings.
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Money Market Rates
VARIABLE RATE ACCOUNTS+ MINIMUM BALANCE DIVIDEND RATE ANNUAL PERCENTAGE YIELD MONEY MARKET* $0 - $9,999 0.30% 0.30% $10,000 - $24,999 0.50% 0.50% $25,000 - $49,999 0.60% 0.60% $50,000 - $99,999 0.70% 0.70% $100,000 - $499,999 0.75% 0.75% $500,000 & OVER 0.99% 1.00% *Special introductory rate of 2.05% APY guaranteed for one year from account opening with minimum daily balance of $10,000. Available only on NEW FMFCU personal money market accounts.
+Rates subject to change. -
Performance Checking Rates
VARIABLE RATE ACCOUNTS+ MINIMUM BALANCE DIVIDEND RATE ANNUAL PERCENTAGE YIELD PERFORMANCE CHECKING $0 - $9,999 0.10% 0.10% $10,000 - $24,999 0.10% 0.10% $25,000 - $49,999 0.15% 0.15% $50,000 & OVER 0.20% 0.20% +Rates may change after account is opened. Fees and other conditions could reduce earnings.
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Statement Savings Rates
VARIABLE RATE ACCOUNTS+ MINIMUM BALANCE DIVIDEND RATE ANNUAL PERCENTAGE YIELD STATEMENT SAVINGS N/A 0.10% 0.10% +Rates may change after account is opened. Fees and other conditions could reduce earnings. Regulation D, sets limits on certain types of transactions conducted on savings, clubs and money market accounts. These limitations allow you to make no more than six (6) preauthorized (ACH), automatic, telephonic, audio response (PAT), check, or e-banking transfers to another account of yours or to a third party, during any calendar month. If you exceed these limits, your account will be subject to a fee and possible closure as outlined in our Terms and Conditions disclosure.
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Super Saving Savings Rates
VARIABLE RATE ACCOUNTS+ MINIMUM BALANCE DIVIDEND RATE ANNUAL PERCENTAGE YIELD SUPER SAVER SAVINGS $0 - $500 1.98% 2.00% SUPER SAVER SAVINGS $500.01 & OVER 0.10% 0.10% +Rates may change after account is opened. Fees and other conditions could reduce earnings. Regulation D, sets limits on certain types of transactions conducted on savings, clubs and money market accounts. These limitations allow you to make no more than six (6) preauthorized (ACH), automatic, telephonic, audio response (PAT), check, or e-banking transfers to another account of yours or to a third party, during any calendar month. If you exceed these limits, your account will be subject to a fee and possible closure as outlined in our Terms and Conditions disclosure.
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Vehicle Loan Rates
FMFCU finances new and used vehicles and we do it well. We also do refinances from other banks and credit unions everyday! So ask us about your needs and we’ll help you get into the vehicle you want.
Auto Loans – 2016-2019 MODEL YEAR
*payments quoted are estimated monthly payments quoted per $1,000 borrowed for maximum term shown.
Auto Loans – 2014-2015 MODEL YEAR
TERM ANNUAL PERCENTAGE RATE PAYMENT PER $1,000* APPLY ONLINE 1-72 MONTHS 5.19% $16.20 Apply Now *payments quoted are estimated monthly payments quoted per $1,000 borrowed for maximum term shown.
Auto Loans – 2011-2013 MODEL YEAR
TERM ANNUAL PERCENTAGE RATE PAYMENT PER $1,000* APPLY ONLINE 1-60 MONTHS 6.19% $19.43 Apply Now *payments quoted are estimated monthly payments quoted per $1,000 borrowed for maximum term shown.
Recreational Vehicle Loans
TERM ANNUAL PERCENTAGE RATE PAYMENT PER $1,000* APPLY ONLINE 1-60 MONTHS 5.49% $19.10 Apply Online 61-120 MONTHS 5.74% $10.98 Apply Online 121-144 MONTHS 5.99% $9.76 Apply Online *payments quoted are estimated monthly payments quoted per $1,000 borrowed for maximum term shown.
Motorcycle Loans
Model Years: 2016 – 2019
TERM ANNUAL PERCENTAGE RATE PAYMENT PER $1,000* APPLY ONLINE 1-72 MONTHS 4.94% $16.08 Apply Online 73-84 MONTHS 5.69% $14.47 Apply Online *payments quoted are estimated monthly payments quoted per $1,000 borrowed for maximum term shown.
Model Years: 2014 – 2015
TERM ANNUAL PERCENTAGE RATE PAYMENT PER $1,000* APPLY ONLINE 1-72 MONTHS 6.19% $16.67 Apply Online *payments quoted are estimated monthly payments quoted per $1,000 borrowed for maximum term shown.
Model Years: 2011 – 2013
TERM ANNUAL PERCENTAGE RATE PAYMENT PER $1,000* APPLY ONLINE 1-60 MONTHS 7.19% $19.90 Apply Online *payments quoted are estimated monthly payments quoted per $1,000 borrowed for maximum term shown.
Model Years: 2009 – 2010
TERM ANNUAL PERCENTAGE RATE PAYMENT PER $1,000* APPLY ONLINE 1-54 MONTHS 8.19% $22.21 Apply Online *payments quoted are estimated monthly payments quoted per $1,000 borrowed for maximum term shown.
The Credit Union has a tiered loan rate policy which applies different loan rates to borrowers based upon the borrower’s credit history. The loan rate applicable to you may vary from the rates quoted. Rates, terms, policies, and promotions are subject to change without notice. All rates printed are ANNUAL PERCENTAGE RATES (APR). Advertised rates apply to Tier 1.
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Home Loan Rates
Home Equity Loan Rates (up to 80% Loan to Value)
TERM ANNUAL PERCENTAGE RATE PAYMENT PER $1,000* APPLY ONLINE LOAN AMOUNTS $100K+ 1-60 MONTHS 4.49% $18.64 Apply Online 61-120 MONTHS 4.74% $10.48 Apply Online 121-180 MONTHS 4.99% $7.91 Apply Online 181-240 MONTHS 6.49% $7.46 Apply Online LOAN AMOUNTS $50k-99,999 1-60 MONTHS 4.74% $18.76 Apply Online 61-120 MONTHS 4.99% $10.61 Apply Online 121-180 MONTHS 5.24% $8.04 Apply Online 181-240 MONTHS 6.74% $7.60 Apply Online LOAN AMOUNTS $5K-49,999 1-60 MONTHS 5.49% $19.10 Apply Online 61-120 MONTHS 5.74% $10.98 Apply Online 121-180 MONTHS 5.99% $8.44 Apply Online 181-240 MONTHS 6.99% $7.75 Apply Online Home Equity Line of Credit Rates**
ANNUAL PERCENTAGE VARIABLE RATE LOAN TO VALUE % Amount APPLY ONLINE 5.24% Up to 80% LTV Prime - 0.26% $50,000+* Apply Online 5.74% Up to 80% LTV Prime + 0.24% $10-$49,999* Apply Online 6.49% 81% to 90% LTV Prime + 0.99% $10-$200,000 Apply Online *intro rate for first 6 months - 1.99% **1.99% Annual Percentage Rate (APR) accurate as of 10/1/18 and fixed for six calendar months after account opening. Thereafter, APR adjusts in accordance with variable rate terms of credit agreement. On credit lines of $100,000 or more up to 80% loan-to-value, APR is the Wall Street Journal Prime Rate. On credit lines of $10,000 – $99,999 up 80% loan-to-value, APR is the Wall Street Journal Prime Rate plus 0.49%. Maximum APR on all credit lines is 18%. Minimum APR on all credit lines is Wall Street Journal Prime Rate, which is 5.25% as of 10/1/18. Owner occupancy and homeowners insurance required. Title insurance required on credit lines greater than $500,000. When draw period ends, repayment terms are up to 20 years on remaining balance. Offer valid on new FMFCU credit lines only. Subject to credit approval. Membership eligibility applies.
The Credit Union has a tiered loan rate policy which applies different loan rates to borrowers based upon the borrower’s credit history. The loan rate applicable to you may vary from the rates quoted. Rates, terms, policies, and promotions are subject to change without notice. All rates printed are ANNUAL PERCENTAGE RATES (APR). Advertised rates apply to Tier 1.
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Mortgage Rates
Last Updated: 3/21/19
Fixed Rate Mortgages*
Term Rate APR Points Example Monthly Payment below is for $200,000 Loan Amount 30-Year Fixed Rate 4.250% 4.285% 0.00 $983.88 20-Year Fixed Rate 4.000% 4.047% 0.00 $1,211.96 15-Year Fixed Rate 3.750% 3.810% 0.00 $1,454.44 *Available for 1-4 unit owner-occupied dwellings in an amount up to $453,100. APR based on a $200,000 loan amount. Hazard insurance and title insurance are required. Rates locked as of date of application for 60-day period and are subject to market conditions thereafter. The payment amounts listed in the above table do not include amounts for taxes and insurance premiums. The actual payment obligation will be greater in most cases. Loans are subject to credit approval. Actual interest rate is based on FICO score and other determining factors.
Adjustable Rate Mortgages – 7/1 ARM*
Rate Points APR+ Example Monthly Payment below is for $200,000 Loan Amount 4.125% 0.000 4.799% $969.30 +Annual Percentage Rate. Rates subject to change.
Number of Payments Estimate Interest Rate Example Monthly Payment below is for $200,000 Loan Amount 84 4.125% $969.30 275 5.375% $1,090.91 1 5.375% $1,089.95 The above monthly payments are based on a loan amount of $200,000.00 with an initial interest rate of 4.375% (4.856% APR) for 84 months and 0.0 points. The payment amounts listed in the above table do not include amounts for required taxes, hazard insurance premium and title insurance premium.
Maximum rate and payment adjustments
After the initial fixed-rate period based on the initial interest rate and interest rate caps disclosed above, the maximum first adjusted rate for this loan will never be more than 9.375%, with a maximum first payment of $1,535.43 The maximum lifetime rate will never be more than 9.375% with an estimated maximum monthly payment of $1,535.43.
Current index rate: 1 year treasury constant maturity 2.53% Margin 2.75% Rate adjustment frequency 84 months First adjusted interest rate cap 5.00% Subsequent adjusted interest rate cap 2.00% Lifetime rate cap 5.00% *The introductory APR will be determined at the time of loan approval based on your FICO score and other determining factors. The APR is subject to change after consummation and may change annually after the first 84 months. After the introductory period, the APR is determined by adding a margin of 2.75% to the weekly average yield on U.S. Treasury Securities adjusted to a constant maturity of one year with a floor of 2.75% APR. The APR is subject to change after consummation and may change annually after the first 7 years. Conforming loans are up to $453,100. Rates can be locked for 60 days.
Adjustable Rate Mortgages – 5/5 ARM*
Rate Points APR+ Example Monthly Payment below is for $200,000 Loan Amount 4.000% 0.000 4.818% $954.84 +Annual Percentage Rate. Rates subject to change.
Number of Payments Estimate Interest Rate Example Monthly Payment below is for $200,000 Loan Amount 60 4.000% $954.84 299 5.250% $1,084.01 1 5.250% $1,081.59 The above monthly payments are based on a loan amount of $200,000.00 with an initial interest rate of 4.250% (5.139% APR) for 60 months and 0.0 points. The payment amounts listed in the above table do not include amounts for required taxes, hazard insurance premium and title insurance premium.
Maximum rate and payment adjustments
After the initial fixed-rate period based on the initial interest rate and interest rate caps disclosed above, the maximum first adjusted rate for this loan will never be more than 6.250%, with a maximum first payment of $1,198.07. The maximum lifetime rate will never be more than 9.250% with an estimated maximum monthly payment of $1,481.62.
Current index rate: 5 year treasury constant maturity 2.42% Margin 2.75% Rate adjustment frequency 60 months First adjusted interest rate cap 2.00% Subsequent adjusted interest rate cap 2.00% Lifetime rate cap 5.00% *The introductory APR will be determined at the time of loan approval based on your FICO score and other determining factors. The APR is subject to change after consummation and may change annually after the first 60 months. After the introductory period, the APR is determined by adding a margin of 2.75% to the weekly average yield on U.S. Treasury Securities adjusted to a constant maturity of one year with a floor of 2.75% APR. The APR is subject to change after consummation and may change annually after the first 5 years. Conforming loans are up to $453,100. Rates can be locked for 60 days.
Adjustable Rate Mortgages – 5/1 ARM*
Rate Points APR+ Example Monthly Payment below is for $200,000 Loan Amount 3.875% 0.000 4.849% $940.48 +Annual Percentage Rate. Rates subject to change.
Number of Payments Estimate Interest Rate Example Monthly Payment below is for $200,000 Loan Ammount 60 3.875% $940.48 299 5.375% $1,095.16 1 5.375% $1,093.79 The above monthly payments are based on a loan amount of $200,000.00 with an initial interest rate of 4.125% (4.863% APR) for 60 months and 0.0 points. The payment amounts listed in the above table do not include amounts for required taxes, hazard insurance premium and title insurance premium.
Maximum rate and payment adjustments
After the initial fixed-rate period based on the initial interest rate and interest rate caps disclosed above, the maximum first adjusted rate for this loan will never be more than 6.125%, with a maximum first payment of $1,181.84. The maximum lifetime rate will never be more than 9.125% with an estimated maximum monthly payment of $1,523.42.
Your results are based on the purchase of a home in ZIP code 19317 with an estimated purchase price of $250,000.00 and an estimated down payment of $50,000.00.
Current index rate: 1 year treasury constant maturity 2.53% Margin 2.75% Rate adjustment frequency 12 months First adjusted interest rate cap 2.00% Subsequent adjusted interest rate cap 2.00% Lifetime rate cap 5.00% *The introductory APR will be determined at the time of loan approval based on your FICO score and other determining factors. The APR is subject to change after consummation and may change annually after the first 84 months. After the introductory period, the APR is determined by adding a margin of 2.75% to the weekly average yield on U.S. Treasury Securities adjusted to a constant maturity of one year with a floor of 2.75% APR. The APR is subject to change after consummation and may change annually after the first 7 years. Conforming loans are up to $453,100. Rates can be locked for 60 days.
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Personal and Personal Line of Credit Rates
The Credit Union has a tiered loan rate policy which applies different loan rates to borrowers based upon the borrower’s credit history. The loan rate applicable to you may vary from the rates quoted. Rates, terms, policies, and promotions are subject to change without notice. All rates printed are ANNUAL PERCENTAGE RATES (APR). Advertised rates apply to Tier 1.
Personal Loan Rates
ANNUAL PERCENTAGE RATE PAYMENT PER $1,000 APPLY ONLINE 1-60 mos. $10,000 or more 8.99% $20.76 Apply Online 1-60 mos. $9,999 or less 9.99% $21.25 Apply Online *payments quoted are estimated monthly payments quoted per $1,000 borrowed for maximum term shown.
Overdraft/Personal Line of Credit
ANNUAL PERCENTAGE VARIABLE RATE APPLY ONLINE 9.40% Apply Now *Interest rate based on the highest Prime Rate published in the Wall Street Journal in effect on the last day of the month plus the margin. The rate may vary monthly
Savings Rates Effective March 1, 2019
Loan Rates
