CURRENT RATES

Fortera Credit Union Loan and Savings Rates - effective June 15, 2016

Loan Rates

Secured Loan Rates

Approximate Terms Vehicle Loans* Daily Periodic Rate APR**

Promotional Rate – Terms up to 36 Months

2013 to 2017 Models

0.0035341% to 0.004082%

1.29%¹ to 1.49%

Terms up to
84 Months
2013 to 2017 Models 0.008191% to 0.034219% 2.99% to 18.00%
Terms up to
72 Months
2010 to 2012 Models 0.012301% to 0.038328% 4.49% to 18.00%
Terms up to
60 Months
2009 and Older Models 0.017780% to 0.043808% 6.49% to 18.00%

*Vehicle loans include cars, trucks, motorcycles, motor homes, travel trailers, boats, watercraft, farm machinery, mortgage rates and ATVs.

**The ANNUAL PERCENTAGE RATE you receive for advances 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 and the credit union will evaluate your credit history at the time of every advance.

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   Rate
Interest Only Payment Less than 80%
From 80.1% - 90%
3.50% to 8.00%
4.50% to 9.00%
2% of Balance Payment

Less than 80%
From 80.1% - 90%

From 90.1% - 100%

3.50% to 8.00%
4.50% to 9.00%
5.50% to 10.00%

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

Closed End Home Equity

                                                                      Rate
Less than 80% 2.99% to 10.00%
From 80.1% - 90% 4.50% to 10.50%
From 90.1% - 100% 6.00% to 12.00%

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.

 

Signature Loan Rates

Approximate Terms Type of Loan Daily Periodic Rate APR
60 Months *Signature Loans 0.021918% to 0.049315% 8.00% to 18.00%
60 Months Debt Consolidation 0.024658% to 0.049315% 10.00% to 18.00%
Open Line of Credit 0.026712% 7.25% to 18.00%
  Credit Cards    
Open Visa Platinum ($300-$30,000) 0.018904% - 0.036986% 6.90% - 13.50%

*Single payment loans use signature loan rates.

Savings Rates

Share Account Rates

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

Galaxy Gold Money Market**

 

1.006% 1.01% $5,000 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

Account Type Dividend Rate APY* Min. Balance Dividends Compounded
ChangeUp

1.986%
0.199%

2.00%
0.20%

$0.00 to $2,000.00
$2,000.01 or more

Quarterly

 

Share Draft (Checking) Account Rates

Account Type Annual Percentage Yield/Dividend Rate Min. Balance to Earn Stated 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% APY
0.100% - 0.10% APY
0.148% - 0.15% APY
$500 to $999.99
$1,000 to $2,499.99
$2,500 and more
Monthly
Freedom Plus (Age 50+) Share Draft 0.050% - 0.05% APY
0.100% - 0.10% APY
0.148% - 0.15% APY
$500 to $999.99
$1,000 to $2,499.99
$2,500 and more
Monthly

Share Certificate Rates

Account Type 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%

IRA Share Certificate Rates

Account Type 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%

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 quarterly.