Rates

Rates Are Accurate As Of: September 10th, 2020¹ and are subject to change without notice.

Savingsᵃ

Account TypeAnnual Percentage RateAnnual Percentage Yield*Min Balance Required for Dividends Min. Balance Required
Regular Shares²-savings0.15%0.15%$100.00$5.00
Organizational Shares²0.10%0.10%$100.00$5.00
Share Drafts²-checking0.10%0.10%$500.00$0
All Purpose Shares²0.15%0.15%$100.00$0
IRA Traditional Shares0.50%0.50%$5.00

Term Share Certificates³,ᵃ

Account TypeAnnual Percentage RateAnnual Percentage YieldMin. Balance Required
6 month Certificate0.15%0.15%$1,000
12 month Certificate.40%.40%$1,000
18 month Certificate.40%.40%$1,000
24 month Certificate.50%.50%$1,000
36 month Certificate.60%.60%$1,000
Youth Savings Certificates⁵
<18 Years Old
Same as AboveSame as Above$250
36 month IRA Certificate⁶.65%.65%$10,000
60 Month IRA.70%.70%$10,000

Savings Notices

1) Rates are subject to change without notice.

2) Unless otherwise stated, dividends are compounded and credited monthly on Shares with $100 or more based on the average daily balance of the account; Share Drafts require $500 or more.

3) Substantial penalties for early withdrawals may apply.

4) Members must be 18 years old or under. Terms of 6, 12, 18, 24, and 36 months are available.

5) Available for Traditional IRAs only.

ᵃ – Fees could reduce the earnings on the account (if applicable)

Consumer Loans

Loan TypeNumber of MonthsAnnual Percentage RateTerms & ConditionsPayment Per $1,000*
Share Secured604.15%$500 Minimum (Reg Shr Div + 4%)
Consolidation⁷1-60  11.90%Up To $10,000; Pay vendors$22.24
Unsecured1-6013.40%Up To $10,000$22.96
Credit Builder Loan6 - 246.00%$2,000 Maximum$44.32
Personal Line-of-Creditopen-end13.50%Up To $10,000Revolving
Overdraft Protection Line-of-Creditopen-end13.90%Up To $1,500, $50 Payment/MoRevolving
Personal/Auto Title" Cash Loan⁷1-368.99%Up To $5,000; 50% NADA value; Years 2010-2018; Clear Auto Title$31.80

Example Payment:
*Payment per $1,000 calculated on maximum term available


Auto Loans

Loan TypeNumber of MonthsAnnual Percentage RateTerms & ConditionsPayment Per $1,000*
New Automobile⁷1-482.49%Up To $60,000; 100% NADA value; Years 2019-2020$21.91
New Automobile⁷49-723.49%Up To $60,000; 100% NADA value; Years 2019-2020$15.41
Used Automobile⁷1-723.49%Up To $50,000; 90% NADA value; Years 2014-2020$15.41
Older Used Automobile⁷1-484.75%Up To $30,000; 75% NADA value; Years 2011-2013$22.92
Auto Transfer⁷1-723.00%Up To $50,000; 100% NADA value; Years 2014-2020$15.19
New/Used Motorcycle⁷1-604.50%Up To $50,000; 100% NADA value; Years 2014-2020$18.64
Recreational Vehicle ⁷1-4810.500%Up To $50,000; 65% NADA value; Years 2014-2020$25.60
Personal/Auto Title" Cash Loan⁷1-368.99%Up To $5,000; 50% NADA value; Years 2012-2020; Clear Auto Title$31.80

*Payment per $1,000 calculated on maximum term available

HEAT Loans

TypeAnnual Percentage RateTerms & ConditionsPayment Per $1,000*
Micro Loan0.00%$500 - $2,000
6 - 24 Months
$41.67
Standard Loan0.00%$2,001 - $15,000
6 - 84 Months
$11.90

*Payment per $1,000 calculated on maximum term available


1st Mortgages

-Fixed Rate
-Variable Rate
-Jumbo Fixed
-FHA Fixed
-VA Fixed
-1st Time Home Buyers


Real Estate Loans

Home Equity Line of Credit – Low Closing Cost Available⁹,ᵇ

Number of MonthsRateAnnual Percentage RateTerms & Conditions
1804.000%4.000%⁹ (ARM)⁸Up To $100,000; 10 Year draw period; No Points, No Annual Fee, No Application Fee; Maximum Loan-to-Value = 80%; Primary residence only; $20,000 Min. initial draw to qualify for a $300 Closing Cost Credit option.

Example Payment:
For 180 months per $1000, there would be a $7.65 monthly payment

Fixed Rate Home Equity Loans- Low Closing Cost Available⁹,ᵇ

Number of MonthsRateAnnual Percentage RateTerms & ConditionsPayment Per $1,000*
602.750%2.921%$100K, 1st Lien-$150K$17.86
1203.250%3.339%$100K, 1st Lien-$150K$9.77
1803.750%3.812%$100K, 1st Lien-$150K$7.27
No Application Fee;
Maximum Loan-to-Value = 80%;
Primary residence only;

ᵇ – The payments do not include amounts for taxes and insurance premiums, if applicable, and the actual payment obligation will be greater.


Credit Cards

TypeCreditAnnual Percentage RateTerms & Conditions
VISA Platinum¹²Revolving11.99%Limit Up To $15,000; No Annual Fee;  Cash Advances @ 13.99%
VISA Platinum¹²

"First Time"
Credit Card Owners
Revolving11.99%Limit Up To $300; No Annual Fee; Cash Advances @ 13.99%;

Requirements: 18 years or older, full-time employment for 90 days, no credit history (excluding student loans)

Lending Notices

7) New money only; cannot be combined with existing SMEFCU loans; Consolidation Loans: CU to pay vendors directly.

8) ARM means “Adjustable Rate Mortgage”; the HELOC rate is based on the Prime Rate as published in the Wall Street Journal; rate changes can occur on the first day of each month; maximum rate is 18%, $100K Program: minimum rate offered is 4.00%.

9) A $300 credit is available toward closing costs paid by credit union on Home Equity Lines of Credit with a $20K minimum loan; closing costs incurred by the credit union must be reimbursed by the member if the loan pay down occurs in less than 36 months; new money only.

10) .25% rate reduction is available for auto loans with deposit and automatic loan payments.

12) Refer to our VISA Credit Card Application for full disclosures.