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Rates

Savings Account Rates

Effective January 1 - March 31, 2014
 
Type Balance Required Dividend Rate Annual Percentage Yield
Savings, Club, IRA and
Loan Payment Savings
$100 - $999.99 .10% .10%
$1,000 - $9,999.99 .10% .10%
$10,000 - $24,999.99 .10% .10%
$25,000 and over .10% .10%

Fees could reduce earnings on this account. Rate may change after account is opened.

Platinum Stripes Checking Account Rates

Effective December 1, 2013
 
Type Balance Required Dividend Rate Annual Percentage Yield

Platinum Stripes
Interest Bearing
Checking

 

$1,000 - $4,999.99 .10% .10%
$5,000 and over .14% .14%

Fees could reduce earnings on this account. Rate may change after account is opened.

Money Market Account Rates

Effective December 1, 2013
 
Type Balance Required Dividend Rate Annual Percentage Yield

Money Market
Accounts

 

$2,500 - $24,999.99 .15% .15%
$25,000 - $74,999 .17% .17%
$75,000 and over .20% .20%

Fees could reduce earnings on this account. Rate may change after account is opened.

Share Certificate and IRA Account Rates

Effective December 19, 2013
 
Balance Required Term Dividend Rate Annual Percentage Yield

$500 Minimum

Dividends paid monthly

Penalty will be imposed for early withdrawal

 

1 month .05% .05%
3 months .20% .20%
6 months .25% .25%
12 months .35% .35%
18 months .45% .45%
24 months .60% .60%
30 months .75% .75%
36 months .90% .90%
48 months 1.00% 1.00%
60 months 1.24% 1.25%
Balance Required Term Dividend Rate Annual Percentage Yield

Jumbo Rates
$100,000 and over

Dividends paid monthly

Penalty will be imposed for early withdrawal

 

1 month .07% .07%
3 months .22% .22%
6 months .25% .25%
12 months .37% .37%
18 months .47% .47%
24 months .62% .62%
30 months .77% .77%
36 months .92% .92%
48 months 1.02% 1.02%
60 months 1.26% 1.27%

Fees could reduce earnings on this account. Rate may change after account is opened.
APY - Annual Percentage Yield is based on compounded dividends.

 

Consumer Loans

Effective February 1, 2013
 
Type Loan Amount Term Annual Percentage Rate
as low as
Signature Loan Up to $20,000 12 months 6.99%
$1,000.01 - $20,000 24 months 7.49%
$2,000.01 - $20,000 36 months 7.99%
$3,000.01 - $20,000 48 months 8.24%
$5,000.01 - $20,000 60 months 8.74%

Loan rates are in effect as of date shown. Rates are our lowest available and are subject to change without notice. Your rate is determined by individual circumstances and may be higher. Shares or certificates in the credit union may be used to secure loans and will be granted the same rate as new vehicles, with a minimum of 2% interest above the rate of return of the secured collateral.

Type Model Year Term Annual Percentage Rate
as low as
Vehicle Loan
or
Boat Loan
2014-2012 24-51 months 1.89%
52-63 months 1.99%
64-75 months 2.74%
76-84* months 4.49%
2011-2009 24-51 months 2.69%
52-63 months 2.99%
64-75  months 3.49%
2008-2006 24-63 months 4.49%
2005 & Older 24-48 months 5.29%
*84 months minimum loan of $30,000

Loan rates are in effect as of date shown. Rates are our lowest available and are subject to change without notice. Your rate is determined by individual circumstances and may be higher. Shares or certificates in the credit union may be used to secure loans and will be granted the same rate as new vehicles, with a minimum of 2% interest above the rate of return of the secured collateral.

Type Loan Amount Term Annual Percentage Rate
as low as
Motorcycle, Scooter, Snowmobile,
Personal Watercraft, ATV and Trailer Loans
Up to $5,000 up to 48 months 6.74%
$5,000.01 - $9,999.99 up to 60 months 6.24%
$10,000 or more up to 60 months 5.24%
$10,000 or more up to 72 months 5.95%

Loan rates are in effect as of date shown. Rates are our lowest available and are subject to change without notice. Your rate is determined by individual circumstances and may be higher. Shares or certificates in the credit union may be used to secure loans and will be granted the same rate as new vehicles, with a minimum of 2% interest above the rate of return of the secured collateral.

Home Equity Loan & Home Equity Line of Credit (HELOC) Rates

 

Effective April 1, 2014

 
Type Loan Amount Term Annual Percentage Rate
Home Equity Loan Up to $100,000 up to 180 months As low as 3.75% fixed
Fixed rate home equity loan up to  95% Loan to Value (LTV)

Loan rates are in effect as of date shown. Rates are our lowest available and are subject to change without notice. Your rate is determined by individual circumstances and may be higher. Shares or certificates in the credit union may be used to secure loans and will be granted the same rate as new vehicles, with a minimum of 2% interest above the rate of return of the secured collateral.

Type Line Amount Term Annual Percentage Rate
Home Equity
Line of Credit
$2,000 - $10,000 up to 72 months Variable, WSJ Prime Rate
Over $10,000.01 up to 120 months Variable, WSJ Prime Rate
Home Equity Line of Credit up to 90% LTV

Loan rates are in effect as of date shown. Rates are our lowest available and are subject to change without notice. Your rate is determined by individual circumstances and may be higher. Shares or certificates in the credit union may be used to secure loans and will be granted the same rate as new vehicles, with a minimum of 2% interest above the rate of return of the secured collateral.

Mortgage Loan Rates

Effective April 1, 2014
 
Type Loan Amount Annual Percentage Rate with escrow Annual Percentage Rate without escrow
30 Year
Fixed Mortgage
$30,000 - $59,999 4.75% 4.75%
$60,000 - $99,999 4.625% 4.625%
$100,000 - $179,999 4.625% 4.625%
Over $180,000 4.625% 4.625%
Purchase and rate/term refinances up to 95% LTV and up to 60% LTV on cash out refinances. Higher LTV percent cash out refinances available. Call for details.

Loan rates are in effect as of date shown. Rates are our lowest available and are subject to change without notice. Your rate is determined by individual circumstances and may be higher. Shares or certificates in the credit union may be used to secure loans and will be granted the same rate as new vehicles, with a minimum of 2% interest above the rate of return of the secured collateral.

Type Loan Amount Annual Percentage Rate with escrow Annual Percentage Rate without escrow

 

 

15-Year
Fixed Mortgage

$30,000 - $59,999 3.875% 3.875%
$60,000 - $99,999 3.625% 3.625%
$100,000 - $139,999 3.625% 3.625%
Over $140,000 3.625% 3.625%
Purchases and rate/term refinances up to 95% LTV and up to 60% LTV on cash out refinances. Higher LTV percent cash out refinances available. Call for details.
The above rates are for conventional mortgages.
  • Up to 95% Loan to Value (LTV) available for purchases to qualified buyers.
  • We do not charge points for the rates listed, however, if you wish to "buy down" to a lower rate, please contact the credit union for point and rate information.
  • Approximate time for most mortgage transactions is 30 days.
  • Up to 85% LTV cash out refinances available.

Contact us with any questions you may have on your mortgage loan transactions. You can calculate the approximate monthly payment using our mortgage loan calculator.

Loan rates are in effect as of date shown. Rates are our lowest available and are subject to change without notice. Your rate is determined by individual circumstances and may be higher. Shares or certificates in the credit union may be used to secure loans and will be granted the same rate as new vehicles, with a minimum of 2% interest above the rate of return of the secured collateral.

 
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Mid-Illini Credit Union, 1811 Eastland Dr., Bloomington IL 61704
NCUA Equal Housing Lender