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Rates |
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SAVINGS |
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Offering |
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Interest Rate |
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APY** |
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Shares
Shares with Life Savings
IRA Share Acct |
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0.50%
0.00%
0.50% |
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0.50%
0.00%
0.50%
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Minimum opening balance $5.00 Interest compounded quarterly
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Certificate of Deposit |
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Offering |
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Interest Rate |
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APY**
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3 Month CD^
6 Month CD
12 Month CD
24 Month CD
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0.50%
0.75%
1.00%
1.24% |
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0.50%
0.75%
1.00%
1.25%
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Minimum $500.00 Balance ^ Interest paid at maturity, others paid quarterly
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Effective January 4, 2010 |
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Balance |
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Click Here for Secured and Signature Loan Application(s) |
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* APR= Annual Percentage Rate ** APY= Annual Percentage Yield |
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Austin City Employees Credit Union 711 4th Ave NE Austin, MN 55912 |
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Hours: Monday & Thursday 8:30-4:30 p.m. Tuesday, Wednesday & Friday 8:30-2:30 p.m. Phone: (507) 433-6580 Toll Free: 877-918-1178 |
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Current Loan Rates February 1, 2010 SECURED Automobiles, Boats, Motorcycles, Snowmobiles, ATV’s, RV’s & Personal Watercraft
2007-2010 – Maximum Loan $50,000 – Financed at 95% of Retail Value
Term Interest Rate 2 years/24 months/102 weeks 4.00%* 3 years/36 months/156 weeks 4.00%* 4 years/48 months/208 weeks 4.50%* 5 years/60 months/260 weeks 5.00%* 6 years/72 months/312 weeks 5.50%*
2003-2006 – Maximum Loan $50,000 – Financed at 85% of Retail Value
Term Interest Rate 2 years/24 months/102 weeks 4.00%* 3 years/36 months/156 weeks 4.00%* 4 years/48 months/208 weeks 4.50%* 5 years/60 months/260 weeks 5.00%*
2002-Older or vehicle with salvage title – Financed at 75% of Retail Value
Term Interest Rate 3 years/36 months/156 weeks 6.00%* 4 years/48 months/208 weeks 6.00%*
*Good on new loans to the Credit Union (not refinances or current ACECU loans)
SIGNATURE LOANS – Maximum amount is $10,000 based on % of Annual Gross Income
Term Interest Rate Open End Loans 36 months 10.00% Closed End Loans 36 months 12.00%
HOME EQUITY LINE OF CREDIT – (New HELOC Loans September 15, 2009 and after) Current Rate 5.0% until June 30, 2010 Maximum amount is $75,000 based on 80% of value – less any mortgage still owing Variable Rate – Adjusts semi-annually on January 1 and July 1 based on Wall Street Journal Prime Rate plus 0% with a minimum rate of 5.0%. Twenty-year mortgage – 10 year draw and 10 year re-payment
VISA CARDS
Current Interest Rate 9.9% with No Annual Fee and a 25-day Grace Period |
