CURRENT RATES

Fortera Credit Union Loan and Savings Rates - effective December 11, 2018


Loan Rates

Secured Loan Rates

Cars, trucks, motorcycles, motor homes, travel trailers, boats, watercraft, and ATVs.

Vehicle Year Term APR*
New Autos up to 36 Months 1.29%¹ to 18.00%
New Autos up to 96 Months 3.99%¹  to 18.00%
Used Autos 2016 to 2019 up to 36 Months 1.99%¹ to 18.00%
2016 to 2019 up to 84 Months 4.24% to 18.00%
2012 to 2015 up to 78 Months 4.49% to 18.00%
2008 to 2011 up to 66 Months 4.99% to 18.00%
2007 and older up to 60 Months 6.49%¹  to 18.00%

*The ANNUAL PERCENTAGE RATE you receive will be within the range disclosed above and is based on the
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 110%.

Lowest APR based on credit worthiness and terms noted.

 

HELOC Rates 

Introductory rate of 1.99% APR* for first 6 months. Some restrictions apply.

Type LTV Rate
Interest Only Payment Less than 75% 4.00% to 10.00%
Interest Only Payment From 76.1% - 95% 6.00% to 12.00%

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

*APR=Annual Percentage Rate. The ANNUAL PERCENTAGE RATE you receive will be based on credit worthiness and loan to value amount. 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 annual percentage rates, when the payment is received automatically from a Fortera 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 10 years 4.49% to 11.99%
Closed End 15 Years 4.99% to 10.99%
Closed End 20 Years 5.74% to 10.49%

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 0.25% will be deducted from the above stated annual percentage rates, when the payment is received automatically from a Fortera 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 8.99% to 18.00%
Line of Credit Open 7.75% to 18.00%
**Fortera Credit Cards Open 6.90% - 17.90%

*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 - $40,000.  


 

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
Freedom Plus Share 0.199% 0.20% $50 Monthly Quarterly

*APY=Annual Percentage Yield. Dividends compounded monthly. 
Dividend Rate and Annual Percentage Yield may change at any time in the discretion of the Credit Union. Fees may reduce earnings.

 

 

Money Market Account Rates

Type Dividend Rate APY* Balances Dividends Compounded Dividends Credited
Premium* 0.3499% 0.35% $0-$24,999 Monthly Quarterly
Premium* 0.399% 0.40% $25,000-$49,999 Monthly Quarterly
Premium* 1.006% 1.01% $50,000-$99,999 Monthly Quarterly
Premium* 1.549% 1.55% +$100,000 Monthly Quarterly
Galaxy Gold*** 1.006% 1.01% $5,000 Monthly  Monthly
Galaxy** 0.250% 0.25% $2,500 Monthly Monthly
Galaxy ** 0.300% 0.30% $10,000 Monthly Monthly
Galaxy ** 0.348% 0.35% $25,000 Monthly Monthly
Galaxy ** 0.395% 0.40% $50,000 Monthly Monthly
Galaxy ** 0.395% 0.40% $75,000 Monthly Monthly
Galaxy ** 0.395% 0.40% $100,000 Monthly Monthly

APY=Annual Percentage Yield. Dividends compounded monthly. 
Dividend Rate and Annual Percentage Yield may change at any time in the discretion of the Credit Union. Fees may reduce earnings.

  • *Premium Money Market ; Minimum opening deposit is $25,000 monthly maintenance fee for balances that fall below $25,000. Rates accurate as of September 4, 2018, the standard, variable APYs for the Premium Money Market Account are 0.35% for balances of $0-$24,999; 0.40% for balances of $25,000-$49,999; 1.01% for balances of $50,000-$99,999, 1.55% for balances of $100,000 and greater. Rates may change at any time. Fees may reduce earnings on the account. Account is limited to six transfers and withdrawals per statement cycle – or a combination of transfers and withdrawals – by means of a pre-authorized or automatic transfer, or telephonic (including data transmission) agreement, order, or instruction, or by check, draft, debit card, or similar order made by the depositor and payable to third parties. Deposits must consist of funds that have not been on deposit at Fortera Credit Union within the past six months. Rate tiers are guaranteed through January 1, 2020 for accounts opened after September 3, 2018 and until the promotion ends. Promotion for new account openings may end at any time. Membership eligibility required. Insured by NCUA. Contact Credit Union for details.

**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. 
Dividend Rate and Annual Percentage Yield may change at any time at the discretion of the Credit Union. Fees may reduce earnings.

 

Share Draft (Checking) Account Rates

  Dividend Rate APY* Min. Balance to Earn APY* Dividends Compounded
ValuChecking Plus 0.050% 0.05% $500 to $999.99 Monthly
ValuChecking Plus 0.100% 0.10% $1,000 to $2,499.99 Monthly
ValuChecking Plus 0.148% 0.15% $2,500 and more Monthly
Freedom Plus (Age 50+)  0.050% 0.05% $500 to $999.99 Monthly
Freedom Plus (Age 50+) 0.100% 0.10% $1,000 to $2,499.99 Monthly
Freedom Plus (Age 50+) 0.148% 0.15% $2,500 and more Monthly

*APY=Annual Percentage Yield. Dividends compounded monthly. 
Dividend Rate and Annual Percentage Yield may change at any time at the discretion of the Credit Union. Fees may reduce earnings.

 

Share Certificate Rates

  Term Min. Opening Deposit Rate APY*
FlexTerm  Certificate** 12 Months* $25 2.231% 2.25%
Share Certificate Fixed 24 Months* $1,000 2.525% 2.50%
FlexRate Certificate*** 36 Months* $1,000 2.624% 2.65%
Share Certificate Fixed 48 Months* $1,000 2.428% 2.45%
FlexRate Certificate**** 60 Months* $1,000 2.966% 3.00%

 Additional terms are available, ask our branch staff or call 800.821.5891 for more information.

*APY=Annual Percentage Yield. Dividends compounded monthly. 
For all accounts except fixed rate certificates, the Dividend Rate and Annual Percentage Yield may change at any time at the discretion of the Credit Union. 
Early Withdrawal Penalty Fees could reduce earnings.

** New money only, unless renewing an existing certificate. Additional deposits allowed during the term, $5 minimum. One penalty-free withdrawal allowed during the term, after the first 7 days.

***New money only, unless renewing and existing certificate. One rate bump allowed after first 12 months and additional new money deposit allowed at time of bump in increments of $1,000.00. Rate increase is not automatic and must be initiated by member. Offer subject to change without notice.

**** New money only, unless renewing and existing certificate. Two bump rates allowed after first 12 months and additional new money deposit allowed at time of bump in increments of $1,000.00. Rate increase is not automatic and must be initiated by member. Offer subject to change without notice.

 

IRA Share Certificate Rates
  Term Min. Opening Deposit Rate APY*
IRA Certificate Fixed 12 Months* $500 1.985% 2.00%
IRA Certificate Fixed 18 Months* $500 1.442% 1.45%
IRA Certificate Fixed 24 Months* $500 2.476% 2.50%
IRA Certificate Fixed 36 Months* $500 2.231% 2.25%
IRA Certificate Fixed 48 Months* $500 2.428% 2.45%
IRA Certificate Fixed 60 months* $500 2.723% 2.75%
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. 
For all accounts except fixed rate certificates, the Dividend Rate and Annual Percentage Yield may change at any time iat the discretion of the Credit Union. 
Early Withdrawal Penalty Fees could reduce earnings.

 

Jumbo Share Certificate Rates
  Term Min. Opening Deposit Rate APY*
Jumbo Certificate Fixed 3 Months* $100,000 0.599% 0.60%
Jumbo Certificate Fixed 6 Months* $100,000 0.996% 1.00%
Jumbo Certificate Fixed 12 Months* $100,000 2.033% 2.05%
Jumbo Certificate Fixed 18 Months* $100,000 1.491% 1.50%
Jumbo Certificate Fixed 24 Months* $100,000 2.574% 2.60%
Jumbo Certificate Fixed 30 months* $100,000 1.190% 1.20%
Jumbo Certificate Fixed 36 months* $100,000 2.280% 2.30%
Jumbo Certificate Fixed 48 Months* $100,000 2.673% 2.70%
Jumbo Certificate Fixed 60 Months* $100,000 2.771% 2.80%

*APY=Annual Percentage Yield. Dividends compounded monthly. 
Early Withdrawal Penalty Fees could reduce earnings.

 

IRA Jumbo Certificate Rates
  Term Min. Opening
Deposit
Rate APY*
IRA Jumbo Fixed 12 Months* $100,000 2.0336% 2.05%
IRA Jumbo Fixed 18 Months $100,000 1.491% 1.50%
IRA Jumbo Fixed 24 Months* $100,000 2.476% 2.50%
IRA Jumbo Fixed 36 Months* $100,000 2.280% 2.30%
IRA Jumbo Fixed 48 Months* $100,000 2.673% 2.70%
IRA Jumbo Fixed 60 months* $100,000 2.771% 2.80%

*APY=Annual Percentage Yield. Dividends compounded monthly.
Early Withdrawal Penalty Fees could reduce earnings.

 

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%

*APY=Annual Percentage Yield. Dividends compounded monthly. 
Dividend Rate and Annual Percentage Yield may change at any time at the discretion of the Credit Union. 
Fees may reduce earnings.

 

 

 

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