Rates

Savings Account Rates

Effective April 1 to June 30, 2018

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.

Cash Rewards High Interest Checking Rates

Effective March 1, 2018

To earn the advertised dividend rate on this account, the account owner must enroll in online banking and e-statements, receive a minimum $300 direct deposit, make at least 3 payments totaling at least $300 (to a third party) with MICU's free online bill pay program and post a minimum of $300 in debit card transactions each month. Fees could reduce earnings on this account. Rate may change after account is opened.

Type Balance Required Dividend Rate Annual Percentage Yield
Cash Rewards High Interest Checking

Up to $25,000

(when qualifications stated above are met)

2.47% 2.50%

Account balance over $25,000

(when qualifications stated above are met)

.15% .15%

Entire Account Balance

(when qualifications stated above are met)

.03% .03%

 

Platinum Stripes Checking Account Rates

Effective March 1, 2018

Type Balance Required Dividend Rate Annual Percentage Yield
Platinum Stripes Interest Bearing Checking $1,000-$4,999.99 .20% .20%
$5,000 and over .25% .25%

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

Money Market Account Rates

Effective August 1, 2018

Type Balance Required Dividend Rate Annual Percentage Yield
Money Market Accounts $2,500-$24,999.99 .60% .60%
$25,000-$74,999 .65% .65%
$75,000 and over .75% .75%

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

Share Certificate and IRA Account Rates

Effective August 9, 2018. Dividends paid monthly.

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   .50%  .50%
6 months 1.40% 1.41%
12 months 1.70% 1.71%
18 months 2.25% 2.27%
24 months 2.25% 2.27%
30 months 2.25% 2.27%
36 months 2.35% 2.38%
48 months 2.50% 2.53%
60 months 2.50% 2.53%

 

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   .52%   .52%
6 months 1.42% 1.43%
12 months 1.72% 1.73%
18 months 2.27% 2.29%
24 months 2.27% 2.29%
30 months 2.27% 2.29%
36 months 2.37% 2.40%
48 months 2.52% 2.55%
60 months 2.52% 2.55%

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 July 20, 2018

Type Loan Amount Term Annual Percentage
Rate as low as
Signature Loan Up to $25,000 12 months  8.25%
$1,000.01-$25,000 24 months  9.25%
$2,000.01-$25,000 36 months  10.00%
$3,000.01-$25,000 48 months  10.50%
$5,000.01-$25,000 60 months  11.00%

Loan rates are in effect as of date shown. Rates are our lowest available and are subject to change without notice. Rates shown include .25% discount for using one of MICU's automatic payment options. Your rate is determined by individual circumstances and may be higher.

Type Model Year Term Annual Percentage
Rate as low as

Vehicle Loan

Boat loan

  up to 66 months 2.60%
2018-2017 67-75 months 3.10%
76-79 months 3.60%
  80-84 months*  4.10%
2016-2013 up to 63 months 3.15%
64-75 months 3.65%
2012 and older up to 63 months 3.70%
64-75 months 4.20%
*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. Rates shown include .25% discount on secured loans with loan to value less than 90% and .25% discount for using one of MICU's automatic payment options. Your rate is determined by individual circumstances and may be higher.

Type Loan Amount Term Annual Percentage
Rate as low as
Motorcycle, Scooter, Snowmobile,
Personal Watercraft and ATVs
Up to $4,999 up to 48 months 6.44%
$5,000-$9,999 up to 60 months 5.94%
$10,000 or more up to 60 months 4.94%
$10,000 or more up to 72 months 5.65%

Increase rate by .50% for 2013 and older units. Loan rates are in effect as of date shown. Rates are our lowest available and are subject to change without notice. Rates shown include .25% discount on secured loans with loan to value less than 90% and .25% discount for using one of MICU's automatic payment options. Your rate is determined by individual circumstances and may be higher.

Type Loan Amount Term Annual Percentage
Rate as low as
Recreational
Vehicles
up to $24,999 Up to 84 months 4.60%
$25,000-$39,999 Up to 96 months 4.85%
$40,000-$59,999 Up to 108 months 5.10%
$60,000+ Up to 120 months 5.35%
Loan rates are in effect as of date shown. Rates are our lowest available and are subject to change without notice. Rates shown include .25% discount on secured loans with loan to value less than 90% and .25% discount for using one of MICU's automatic payment options. Your rate is determined by individual circumstances and may be higher.
Type Loan Amount Term Annual Percentage Rate as low as
Loans secured by
MICU Shares or
Share Certificates
Loan amount may not exceed 100% of share value. up to 60 months 4.85%

Loan rates are in effect as of date shown. Rates are our lowest available and are subject to change without notice. Rates shown include .25% discount for using one of MICU's automatic payment options. Your rate is determined by individual circumstances and may be higher.

Mortgage Loan Rates

Effective August 13, 2018

Type:
First Mortgage
Percentage Rate Annual Percentage Rate                                               

30 Year Fixed Mortgage

20 Year Fixed Mortgage

15 Year Fixed Mortgage

10 Year Fixed Mortgage

4.625% 4.700%
4.375% 4.477%
4.125% 4.254%

4.000%

4.043%

Purchase and rate/term finances 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 quoted on primary residence with a 45 day lock-in period. Rates may be adjusted for credit score, loan to value ratio, waiving escrow, and cash-out. Rates are subject to change without notice.

Type:
Second Mortgage
Annual Percentage Rate

Home Equity Loan
(up to 95% LTV)

 

Home Equity Line of Credit
(up to 90% LTV)

4.35%

 

5.00%

 

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 80% 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.

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