LOAN RATES
Signature | 7.00% - 14.00%
Share loan
| 1.39% - 4.99%
New Auto | 1.39% - 4.99%
Used Auto | 2.89% - 5.89%
Tuition Aid | 8.00% - 13.00%
Spot loan | 15.00%

 

REGULAR SHARE RATES
$25 - 1,999.99
| 0.10%
$2K - 9,999.99
| 0.15%
$10K - $39,999.99
| 0.25%
$40,000 and up
| 0.35%
 
HOLIDAY CLUB RATE
$5.00 and up
| 0.10%

 



What's new at the credit union

New Loan Rates

Effective July 31, 2015, the interest rates on loans will be as follows:

Signature Loan Chart

Credit Rating Segment

 Signature Loan
amount

Interest
Rates

Payment Terms

720 and up

 $                       15,000.00

7%

130 bi-weekly / 5 years 
Bi-weekly payments of $137.29 (approximately)

700 - 719

 $                       15,000.00

8%

130 bi-weekly / 5 years. 
Bi-weekly payments of $140.62 (approximately)

680 - 699

 $                       10,000.00

9%

130 bi-weekly / 5 years. 
Bi-weekly payments of $96.00 (approximately)

650 - 679

 $                           8,000.00

11%

117 bi-weekly / 4.5 years. 
Bi-weekly payments of $87.22 (approximately)

630 - 649

 $                           7,000.00

11%

104 bi-weekly / 4 years. 
Bi-weekly payments of $83.72 (approximately)

600 - 629

 $                           5,000.00

14%

78 bi-weekly / 3 years payments. 
Bi-weekly payments of $79.15 (approximately)

580 - 619

 $                           2,500.00

14%

26 bi-weekly payments / 1 year. 
Bi-weekly payments of $103.96 (approximately)

550 - 579

 $                           1,500.00

14%

16 bi-weekly payments / 8 months.  
Bi-weekly payment of $98.73 (approximately)

Loan Chart

Type of Loan
Loan Duration
Interest Rate based on Beacon Score
600 - 629
630 - 699
700 - 729

730 & above

SPOT
LOANS
4 Pay Period
15.00%, max $500.00
6 Pay Period
15.00%, max $1,000.00
SHARE-SECURED LOANS
2 YEARS
1.39%
4 YEARS
1.79%
5 YEARS
1.99%
6 YEARS
2.99%
8 YEARS
3.99%
10 YEARS
4.99%
NEW CAR LOANS
2 YEARS
4.39%
2.89%
1.39%
3 YEARS
4.59%
3.09%
1.59%
4 YEARS
4.79%
3.29%
1.79%
5 YEARS
4.99%
3.49%
1.99%
USED CAR LOANS
2 YEARS
4.89%
4.39%
2.89%
3 YEARS
5.09%
4.56%
3.09%
4 YEARS
5.29%
4.79%
3.29%
5 YEARS
5.89%
4.99%
3.49%


*** Unsecured signature loans can be renegotiated after the member has paid at least 50% of the maximum value depending on the terms of the loan.


New Savings Rate

Effective May 1, 2012 the interest rates on savings in share accounts will be as follows:

Type of Account
Dividend Rate
Minimum Balance
Regular Share Account
$25.00 - $1,999.99
0.10%
$25.00
$2,000.00 - $9,999.99
0.15%
$2,000.00
$10,000.00 - $39,999.99
0.25%
$10,000.00
$40,000.00 and up
0.35%
$40,000.00
Holiday Club Account
0.10%
$5.00


Late Fee on Loan Payments

The Board agreed to impose a $30.00 late fee on all loan accounts that are 30 days past due effective January 1, 2011.

 


 

$250,000 Share Insurance Protection Extended to 2013

May 26, 2009, Alexandria, Va. – The Helping Families Save Their Homes Act of 2009, signed into law May 20, 2009, includes a provision extending $250,000 share insurance coverage provided by the National Credit Union Share Insurance Fund through December 31, 2013. Previously, this level of coverage was set to expire December 31, 2009. The new law also requires NCUA to use the higher $250,000 standard maximum share insurance amount when making decisions about premiums and administering insurance deposit adjustments.

NCUA will shortly update its guidance about share insurance coverage to address the provisions of the new law. Information about NCUA insurance coverage is available online via the Share Insurance Tool Kit at http://www.ncua.gov/Resources/ShareInsuranceToolkit.aspx.  

The National Credit Union Administration is the independent federal agency that regulates charters and supervises federal credit unions. NCUA, with the backing of the full faith and credit of the U.S. government, also operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of nearly 90 million account holders in all federal credit unions and the majority of state-chartered credit unions.

 
 
 
   
 
  BNAFCU • 1801 S. BELL ST • RM 1319 • ARLINGTON, 22202 • 703-341-3044 • credit_union@bna.com

PRIVACY NOTICE | DISCLAIMER | TRUTH IN SAVINGS | CONTACT US | ©2011 BNA FEDERAL CREDIT UNION