Rates
 

 

Members Source Credit Union offers competitive dividends on deposit accounts as well as competitive interest rates on loans!

Rates effective July 2008.
Rates subject to change without notice.

Deposit Rates

 
Annual Percentage
Rate (APR)
Annual Percentage
Yield (APY)
Minimum
Deposit
Share Savings
1.00%
1.01%
$10.00
Minor Savings
1.00%
1.01%
$10.00
Special/Vacation/Christmas
0.25%
0.25%
n/a
Draft/Checking
0.25%
0.25%
n/a
Money Market
1.25%
1.26%
$2,500.00
 
1.50%
1.51%
$5,000.00
       
Certificates of Deposit (Share and IRA)*
**IRA extra .25% through April 30!
6 months
2.75%
2.78%
$1,000.00
12 months
3.00%
3.04%
$1,000.00
18 months
3.25%
3.30%
$1,000.00
24 months
3.35%
3.40%
$1,000.00
36 months
3.90%
3.97%
$1,000.00
*Certificate rates are subject to change without notice. Penalty for early withdrawal.
 
Loan Rates
New Automobile/Boat/Motorcycle Loans
FICO
SCORE
Rates up to
36 months
48 months
60 months
72 months
710 +
3.75%
4.50%
4.95%
5.50%
670 - 709
4.50%
4.75%
5.50%
6.00%
640 - 669
5.75%
6.00%
6.25%
7.25%
600 - 639**
9.75%
10.00%
10.25%
11.25%
Used Automobile/Boat/Motorcycle Loans
FICO
SCORE
Used Models 2005-2008 up to
Used Models 2004 & Older up to
36 months
48 months
60 months
36 months
48 months
710 +
4.00%
4.50%
5.00%
6.50%
6.75%
670 - 709
4.75%
5.00%
5.50%
7.50%
8.00%
640 - 669
6.50%
6.75%
7.00%
8.50%
9.00%
600 - 639**
10.00%
10.25%
10.50%
14.00%
16.00%
 
Home Equity Loans
Fixed Rates
5 Yrs.
10 Yrs.
15 Yrs.
75% of Value - less 1st mortgage balance
5.50%
6.00%
6.50%
90% of Value - less 1st mortgage balance
6.50%
7.00%
7.50%
 
Variable Rates*
Maximum Term: 20 Yrs.
75% of Value - less 1st mortgage balance
Current APR: 5.00%
90% of Value - less 1st mortgage balance
Current APR: 6.00%
*Rate subject to change quarterly with Prime Rate.
 
VISA
 
FICO SCORE
Card Type
710+
670-709
640-669
600-639**
Classic 14.50%
$5,000.00
$5,000.00
$5,000.00
$2,500.00
Gold 10.90%
$10,000.00
$10,000.00
N/A
N/A
Platinum 7.90%
$15,000.00
N/A
N/A
N/A
 
Signature Loans
Minimum: $500.00
Maximum: $15,000.00
 
FICO SCORE
Loan Amount
710+
670-709
640-669
600-639**
$500.00-$1,000.00
yes
yes
yes
yes
$1,001.00-$2,500.00
yes
yes
yes
yes
$2,501.00-$5,000.00
yes
yes
yes
no
$5,001.00-$7,500.00
yes
yes
no
no
$7,501.00-$10,000.00
yes
no
no
no
$10,001.00-$15,000.00
yes
no
no
no
Term
        
Up to 12 months
9.50%
10.50%
11.50%
12.50%
13-24 months
10.50%
11.50%
12.50%
13.50%
25-36 months
11.50%
12.50%
13.50%
14.50%
37-48 months
12.50%
13.50%
14.50%
15.50%
49-60 months
13.50%
14.50%
15.50%
16.50%
 
Share Loans
50% Share Secured
FICO SCORE
Term
710+
670-709
640-669
600-639**
12-24 months
6.00%
6.25%
6.50%
6.75%
25-36 months
6.25%
6.50%
6.75%
7.00%
37-48 months
6.50%
6.75%
7.00%
7.25%
49-60 months
6.75%
7.00%
7.25%
7.50%

100% Share Secured
Term
  
12-24 months
5.00%
25-36 months
5.25%
37-48 months
5.50%
49-60 months
5.75%
**All FICO scores below 600 will receive an adverse notice with a counter offer to re-apply with a qualified co-signer
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