CURRENT RATES

Fortera Credit Union Loan and Savings Rates - effective February 1, 2017


Loan Rates

 

Secured Loan Rates

Cars, trucks, motorcycles, motor homes, travel trailers, boats, watercraft, farm machinery, mortgage rates and ATVs.

Vehicle Year Term APR*
2015 to 2017 up to 36 Months 1.29%¹ to 18.00%
2015 to 2017 up to 84 Months 3.24% to 18.00%
2012 to 2014 up to 72 Months 4.74% to 18.00%
2011 and Older up to 60 Months 6.74% to 18.00%

*The ANNUAL PERCENTAGE RATE you receive will be within the range disclosed above and is based on the member's credit history and term of loan. Not all members will qualify for the best or lowest rate.

1Lowest promotional APR based on credit worthiness and terms of 36  months or less. Loan to Value up to 120%.

Lowest APR based on credit worthiness and terms of 60 months or less.

Auto-pay Advantage: A discount of .25% will be deducted from the above stated vehicle annual percentage rates, when the payment is received automatically from a draft account. This discount is only available on new loan transactions with an effective date on or after the date of this addendum. The annual percentage rate will default back to the normal rate in the event the payment status or draft account status changes.

 

HELOC Rates

Type LTV Rate
Interest Only Payment Less than 80% 4.25% to 9.25%
Interest Only Payment From 80.1% - 90% 5.25% to 10.25%
Interest Only Payment From 90.1% - 95% 6.25% to 11.25%

HELOC's adjust quarterly on Jan.1, April 1, July 1, and Oct. 1.
Maximum adjustment 1% per quarter. Maximum rate is 15.00%.

Auto-pay Advantage: A discount of .25% will be deducted from the above stated vehicle annual percentage rates, when the payment is received automatically from a draft account. This discount is only available on new loan transactions with an effective date on or after the date of this addendum. The annual percentage rate will default back to the normal rate in the event the payment status or draft account status changes.

 

Closed End Home Equity

Type  Term (up to 100% LTV) Rate
Closed End Up to 5 years 3.24% to 11.25%
Closed End 6 - 10 Years 4.75% to 12.25%
Closed End 11 - 15 Years 5.75% to 13.25%

The ANNUAL PERCENTAGE RATE you receive will be based on credit worthiness, loan to value amount, and loan term. Not all members will qualify for the best or lowest rate.

Auto-pay Advantage: A discount of .25% will be deducted from the above stated vehicle annual percentage rates, when the payment is received automatically from a draft account. This discount is only available on new loan transactions with an effective date on or after the date of this addendum. The annual percentage rate will default back to the normal rate in the event the payment status or draft account status changes.


 

Personal Loan Rates

Type Term APR*
*Personal Loans 60 Months 7.99% to 18.00%
Line of Credit Open 7.25% to 18.00%
**Visa Platinum Open 6.90% - 13.50%

*APR = Annual Percentage Rate. The ANNUAL PERCENTAGE RATE you receive for advances will be within the range disclosed above and is based on the member's credit history. Not all members will qualify for the best or lowest rate and the credit union will evaluate your credit history at the time of every advance.
*Single payment loans use personal loan rates.
**Credit Limit: $300 - $30,000.  


 

Savings Rates

Share Account Rates

Type Dividend Rate APY* Min. Balance Dividends Compounded Dividends Credited
Share 0.199% 0.20% $50 Monthly Quarterly
Spare Share 0.199% 0.20% $50 Monthly Quarterly
Youth Share 0.199% 0.20% $25 Monthly Quarterly
Galaxy Gold Money Market** 1.006% 1.01% $5,000 Monthly  
Galaxy Money Market* 0.250% 0.25% $2,500 Monthly  
Galaxy Money Market* 0.300% 0.30% $10,000 Monthly  
Galaxy Money Market* 0.348% 0.35% $25,000 Monthly  
Galaxy Money Market* 0.395% 0.40% $50,000 Monthly  
Galaxy Money Market* 0.395% 0.40% $75,000 Monthly  
Galaxy Money Market* 0.395% 0.40% $100,000 Monthly  

*The Galaxy Money Market Account is a tiered account. Dividend rates for a particular tier, as disclosed above, will apply to the entire account balance once the minimum daily balance reaches the balance range for that tier. The Galaxy Money Market Account requires a minimum daily balance of $2,500 to avoid a monthly service fee. 

**The Galaxy Gold Money Market offer ended on December 31, 2015 for new account openings. You may continue to make deposits to your existing Galaxy Gold Account. The Galaxy Gold Money Market Account requires a minimum daily balance of $5,000 to avoid a monthly service fee. Please refer to our Account and Service Fees for more information.

 

Special Share Account Rates

  Dividend Rate APY* Min. Balance Dividends Compounded
ChangeUp 1.986% 2.00% $0.00 to $2,000.00 Quarterly
ChangeUp 0.199% 0.20% $2,000.01 or more Quarterly
*APY=Annual Percentage Yield. Dividends compounded monthly.

 

Share Draft (Checking) Account Rates

  APY* Min. Balance to Earn APY* Dividends Compounded
Restricted Transaction Account n/a n/a n/a
Valu Checking n/a n/a n/a
Valu Checking Plus 0.050% - 0.05% $500 to $999.99 Monthly
Valu Checking Plus 0.100% - 0.10% $1,000 to $2,499.99 Monthly
Valu Checking Plus 0.148% - 0.15% $2,500 and more Monthly
Freedom Plus (Age 50+) Share Draft 0.050% - 0.05% $500 to $999.99 Monthly
Freedom Plus (Age 50+) Share Draft 0.100% - 0.10% $1,000 to $2,499.99 Monthly
Freedom Plus (Age 50+) Share Draft 0.148% - 0.15% $2,500 and more Monthly

*APY=Annual Percentage Yield. Dividends compounded monthly.

 

Share Certificate Rates

  Term Min. Opening Deposit Rate APY*
Share Certificate Fixed 90-180 Days* $1,000 0.299% 0.30%
Share Certificate Fixed 6 Months* $1,000 0.499% 0.50%
Share Certificate Fixed 12 Months* $1,000 0.698% 0.70%
Share Certificate Fixed 18 Months* $1,000 0.748% 0.75%
Share Certificate Fixed 24 Months* $1,000 1.095% 1.10%
Share Certificate Fixed 30 Months* $1,000 0.897% 0.90%
Share Certificate Fixed 36 Months* $1,000 1.046% 1.05%
Share Certificate Fixed 48 Months* $1,000 1.143% 1.15%
Share Certificate Fixed 60 Months* $1,000 1.294% 1.30%
Smart Start Certificate Variable 24 Months* $100 0.698% 0.70%
Share Certificate Variable 18 Months* $500 0.599% 0.60%
FlexForward Certificate 6-12 Months* $25 0.599% 0.60%

*APY=Annual Percentage Yield. Dividends compounded monthly.

 

IRA Share Certificate Rates
  Term Min. Opening Deposit Rate APY*
IRA Certificate Fixed 12 Months* $500 0.698% 0.70%
IRA Certificate Fixed 18 Months $500 0.748% 0.75%
IRA Certificate Fixed 24 Months* $500 1.095% 1.10%
IRA Certificate Fixed 36 Months* $500 1.046% 1.05%
IRA Certificate Fixed 48 Months* $500 1.143% 1.15%
IRA Certificate Fixed 60 months* $500 1.294% 1.30%
IRA Certificate Variable 18 Months* $500 0.599% 0.60%
IRA Certificate Variable 30 Months* $500 0.698% 0.70%
Smart Start IRA Certificate Fixed 12 Months* $100 0.548% 0.55%

*APY=Annual Percentage Yield. Dividends compounded monthly.

Cumulative IRA Rates

Minimum Balance Rate APY*
$5 0.250% 0.25%
$10,000 0.299% 0.30%
$25,000 0.348% 0.35%
$50,000 0.398% 0.40%
$75,000 0.398% 0.40%
$100,000 0.398% 0.40%

 *APY=Annual Percentage Yield. Dividends compounded monthly.

 

 

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