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Loans | Savings
NOTICE TO ALL LOAN APPLICANTS
Loan interest rates are offered on the basis of scoring information contained in an applicant's credit report. If an applicant's score falls in a lower and less favorable range, the interest rate offered for the loan will be materially greater than the rate offered to applicants with higher scores. Consult a Loan Officer for additional information.
Heritage Credit Union offers discounted rates to loyal members who utilize services of the credit union. Discounts are based on the number of services used by the member such as net pay direct deposit checking account, current loan balance(s), credit card balance(s), etc. See the Star MemberDiscount Table* below for further information and contact a Loan Officer with any questions.
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Loan Rates
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Interest Rate Shown as (APR)
Annual Percentage Rate
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Type
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Interest Rate
As Low As
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Term
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New Vehicle
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5.00%
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36 Months
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5.25%
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48 Months
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5.25%
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60 Months
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5.75%
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72 Months
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Used Vehicle 2006 & Newer
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6.00%
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36 Months
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6.25%
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48 Months
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6.25%
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60 Months
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6.75%
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72 Months
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Vehicles 2005 & Older
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8.70%
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36 Months
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9.70%
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48 Months
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Boats, Travel Trailer
Motor Homes
*Used rates 1% higher
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6.50%
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36 Months
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6.50%
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48 Months
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6.75%
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60 Months
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8.75%
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72 Months
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8.75%
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84 Months
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Motorcycles, ATVs,
Personal Watercraft
*Used rates 1% higher
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7.00%
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36 Months
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7.25%
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48 Months
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7.50%
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60 Months
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Mobile Homes - New
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7.95%
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36 Months
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8.95%
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48 Months
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8.95%
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60 Months
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8.95%
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72 Months
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8.95%
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84 Months
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9.95%
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120 Months
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Mobile Homes - Used
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8.95%
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36 Months
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9.95%
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48 Months
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9.95%
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60 Months
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9.95%
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72 Months
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9.95%
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84 Months
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10.95%
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120 Months
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Personal Signature
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10.00%
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36 Months
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10.50%
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48 Months
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Line of Credit
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5.25% to 18.00%
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| **Star Member Discounts (-.25% APR*) |
| Current HCU Loan(s) - Balance > $12,000 |
| HCU Visa Credit Card w/ Balance |
| HCU Line of Credit W/ Current Balance |
| Savings Deposit(s) > $35,000 |
| Checking Account w/ Net Pay Direct Deposit |
| Electronic Loan Payment |
Max Star's Discount
1 star (*) - "A" Credit Rating -.25% APR*
3 stars(***) - "B" & "C" Credit Rating -.75% APR*
4 stars (****) - "D" & "E" Credit Rating -1.00% APR*
*(APR) Annual Percentage Rate
| Savings Account Rates |
Dividend
Rate
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Annual
Percentage Yield
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Term |
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Regular Share Account
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.50%
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.50%
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n/a
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| Christmas Club & Vacation Club |
.50% |
.50% |
n/a |
| Prestige Checking |
.25% |
.25% |
n/a |
| Share Certificates Rates |
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| Balance Less than $25,000.00 |
0.75% |
0.75% |
12 Months |
| Balance $25,000 to $79,999.99 |
0.75% |
0.75% |
12 Months |
| Balance $80,000 and over |
0.75% |
0.75% |
12 Months |
| Balance Less than $25,000.00 |
1.24% |
1.25% |
24 Months |
| Balance $25,000 to $79,999.99 |
1.24% |
1.25% |
24 Months |
| Balance $80,000 & over |
1.24% |
1.25% |
24 Months |
| Balance Less than $25,000 |
1.64% |
1.65% |
36 Months |
| Balance $25,000 to $79,999.99 |
1.64% |
1.65% |
36 Months |
| Balance $80,000 & over |
1.64% |
1.65% |
36 Months |
| Balance Less than $25,000 |
2.23% |
2.25% |
60 Months |
| Balance $25,000 to $79,999.99 |
2.23% |
2.25% |
60 Months |
| Balance $80,000 & over |
2.23% |
2.25% |
60 Months |
| Money Market Account |
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| Average Daily Balance $2,500.00 - $25,000.00 |
0.50% |
0.50% |
n/a |
| Average Daily Balance $25,000.01 - $100,000.00 |
0.65% |
0.65% |
n/a |
| Visa Credit Card Rates |
APR* On
Purchases
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APR* Cash
Advance |
APR* Balance
Transfer |
Grace
Period |
Annual
Fee |
| Classic Visa |
11.90% |
11.90% |
11.90% |
25 DAYS |
NONE |
| Platinum Visa |
8.90% |
8.90% |
8.90% |
25 DAYS |
NONE |
| Visa Credit Card Fees |
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Minimum finance charge
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None
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None
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Transaction fee for purchases
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None
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None
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Transaction fee for cash advances:
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$2.00
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$2.00
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Balance Transfer fee
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$2.00
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$2.00
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Late payment fee
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$19.00
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$19.00
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Over the credit limit fee
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$19.00
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$19.00
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Other fees and charges for both cards:
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New/replacement card fee
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$12.00
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Documentation fee
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$12.00
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Card recovery fee
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$65.00
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Returned check fee
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$25.00
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Click here for Real Estate Loan information.
Please note that rates are subject to change without notice. Each application is evaluated on an individual basis and loan advances are granted based upon the member's credit history, ability to repay and collateral. The method of repayment is not a consideration. Loan rates may be adjusted up or down based on the applicant's credit history. Share secured loan rates are indexed to the average dividend rate paid over the last four dividend periods.
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Rates are effective June 21, 2010
Share Savings Account Disclosure: *Annual Percentage Yield on regular share accounts. This published dividend rate is for the prior quarter. Dividends for the upcoming period have not been established. Dividends are paid from current income and available earnings, after required transfers to reserves at the end of the dividend period. MINIMUM BALANCE REQUIREMENTS: A member must maintain a minimum balance of on share ($5.00) at all times or his membership/account will be closed. Members must maintain a minimum "Average Daily Balance" of $100.00 in order to earn a dividend. BALANCE COMPUTATION METHOD: Dividends are calculated and paid based on the "Average Daily Balance" method. Under the "Average Daily Balance", a periodic rate is applied to the average daily balance in the account for the period. The average daily balance is determined by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period. COMPOUNDING, CREDITING, AND DIVIDEND PERIOD: Dividends are paid quarterly and credited at the end of business on the last day of the quarter (March 31, June 30, September 30 & December 31). Dividends will be available for withdrawal on the first business day after the end of a quarter. The dividend period is quarterly (dividend period=3 calendar months).
Share Certificates: Heritage Credit Union Share Certificate accounts are term Share Accounts. Minimum amount to purchase a Share Certificate is $1,000.00. Dividends earned are credited monthly, payable to depositor by check or transfer to another HCU deposit account, savings or checking. The APR/APY is fixed at time of initial deposit and will not change during the term of the certificate. There is a substantial penalty for early withdrawal. Rates offered may change at any time as determined by the credit union Board of Directors.
Christmas and Vacation Clubs accounts earn interest on a balance of $25.00 or more. $35.00 early withdraw penalty.
Checking (Share Draft) Account Disclosure: Prestige Checking earns interest on average daily balances maintained at $500.00 or above for the entire cycle period (1 month). If average daily balance drops below $500.00 during the cycle, interest is not earned for that month. No service charge is applied unless the average daily balance drops below $500.00 during the cycle. Then a $6.00 fee is applied for that cycle. Maintenance fee such as this or activity fees such as ATM transaction fee or NSF fee could reduce the earnings on account. Minimum to open $100.
Heritage Checking accounts: Minimum to open is $100. If the average daily balance falls below $1000.00 during the cycle, then a $10.00 fee is applied for that cycle. Maintenance fees such as this or activity fees such as ATM transaction fee or NSF fee could reduce earnings on account.
Money Market Account Disclosure: Minimum balance to open a money market account is $2,500.00. If the Average Daily Balance falls below $2,500.00, no interest is paid and a $6 montly service charge will be assessed. No minimum withdrawal amount. Limited to 6 withdrawals per month, 3 of which may be by cash, check, or ATM card. Easily accessible by cash, checks, ATM/ Debit Card, or ACH transactions. Fees could reduce earnings on account. Rates in effect when account is opened are subject to change without notice at any time.
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