Rates

Savings Account Rates

Effective January 1 to March 31, 2017

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, 2017

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, 2017

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 March 1, 2017

Type Balance Required Dividend Rate Annual Percentage Yield
Money Market Accounts $2,500-$24,999.99 .45% .45%
$25,000-$74,999 .50% .50%
$75,000 and over .50% .50%

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

Share Certificate and IRA Account Rates

Effective June 1, 2017. 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   .25%  .25%
6 months   .40%  .40%
12 months   .85%  .85%
18 months 1.00% 1.00%
24 months 1.20% 1.21%
30 months 1.30% 1.31%
36 months 1.45% 1.46%
48 months 1.55% 1.56%
60 months 1.80% 1.81%

 

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   .30%   .30%
6 months   .45%   .45%
12 months   .90%   .90%
18 months 1.05% 1.06%
24 months 1.25% 1.26%
30 months 1.35% 1.35%
36 months 1.50% 1.50%
48 months 1.65% 1.66%
60 months 1.85% 1.87%

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 June 2, 2017

Type Loan Amount Term Annual Percentage Yield as low as
Signature Loan Up to $25,000 12 months 7.74%
$1,000.01-$25,000 24 months 8.74%
$2,000.01-$25,000 36 months 9.44%
$3,000.01-$25,000 48 months 9.74%
$5,000.01-$25,000 60 months 9.99%

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. Rates shown reflect a .25% rate reduction for using one of Mid-Illini Credit Union's automatic payment options.

Type Model Year Term Annual Percentage Yield as low as

Vehicle Loan

Boat loan

  up to 66 months 2.30%
2017-2016 67-75 months 2.90%
76-79 months 3.30%
  80-84 months*  4.05%
2015-2012 up to 63 months 2.80%
64-75 months 3.15%
2011 and older up to 63 months 3.30%
64-75 months 3.75%
*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. Advertised rates are for well qualified borrowers. Rate includes discount of .25% for using one of MICU's automatic payment options.

Type Loan Amount Term Annual Percentage Yield as low as
Motorcycle, Scooter, Snowmobile,
Personal Watercraft, ATV and Trailer Loans
Up to $5,000 up to 48 months 6.34%
$5,000.01-$9,999.99 up to 60 months 5.84%
$10,000 or more up to 60 months 4.84%
$10,000 or more up to 72 months 5.55%

Increase rates by .50% for 2012 and older units. 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. Advertised rates are for well qualified borrowers. Rate includes discount of .25% for using one of MICU's automatic payment options.

Type Loan Amount Term Annual Percentage Yield as low as
Loans secured by
MICU Shares or
Share Certificates
Loan amount may not exceed 100% of share value. up to 60 months 4.30%

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.

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

Effective May 15, 2017

Type Loan Amount Term Annual Percentage Rate
Home Equity Loan Up to $100,000 up to 180 months As low as 4.000% 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.

Type Loan 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.

Mortgage Loan Rates

Effective July 24, 2017

Type Loan Amount Annual Percentage Rate with escrow Annual Percentage Rate without escrow
30 Year Fixed Mortgage $30,000 - $59,999 4.125% 4.125%
$60,000 - $99,999 3.875% 4.000%
$100,000 - $179,999 3.875% 4.000%
Over $180,000 3.875% 4.000%
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.

Type Loan Amount Annual Percentage Rate with escrow Annual Percentage Rate without escrow
15 Year Fixed Mortgage $30,000 - $59,999 3.375%

3.500%

$60,000 - $99,999 3.125% 3.250%
$100,000 - $139,999 3.125% 3.250%
Over $140,000 3.250% 3.250%
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.

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