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Savings and Loan Rates

Savings and Loan Rates are effective July 1, 2017 and are subject to change without notice.

 

Savings Rates

At Viriva Community Credit Union, your money is secure. Savings Accounts and IRAs in the Credit Union are insured separately by NCUA, the NATIONAL CREDIT UNION ADMINISTRATION, up to at least $250,000 each.

A Savings Account solidifies your membership in Viriva Community Credit Union.  The minimum balance requirement is just $5.00 and must be maintained to remain a member and benefit from all Credit Union services.

Share & IRA Certificates**

 Term  Minimum Balance  Dividend Rate Annual Percentage Yield (APY)
 6 months  $500.00  0.55%   0.55%
 12 months  $500.00  0.80%  0.80%
 24 months  $500.00  1.10%  1.11%
 36 months  $500.00  1.50%  1.51%
 48 months  $500.00  1.80%  1.81%
 60 months  $500.00  2.20%  2.22%
 

9 MONTH CERTIFICATE: Limited time
promotional rate of 1.06% APY. CONTACT US
to open this certificate special. 

 

 


Money Market Draft Accounts

(EFFECTIVE July 1, 2017)

Tiers Balance Annual Percentage Yield (APY) Dividend Rate
1 $500 – $9,999.99 0.12% 0.12%
2 $10,000 – $24,999.99 0.15% 0.15%
3 $25,000 – $49,999.99 0.20% 0.20%
4 $50,000 and over 0.30% 0.30%

 


Variable Rate Accounts*

Tiers Share/Savings Annual Percentage Yield (APY) Dividend Rate
1 $5.00 – $499.00 0.05% 0.05%
2 $500.00 – $1,999.99 0.05% 0.05%
3 $2000.00 and over 0.10% 0.10%
Holiday & Vacation Clubs 0.05% 0.05%
IRA Share Accumulation 0.25% 0.25%

 

Savings Rate Disclaimer

As of 4/1/06, IRAs are insured to $250,000 by the National Credit Union Share Insurance Fund. NCUA Share Insurance Estimator.

*Rates shown are in effect as of the date listed at the top of this page and are subject to change without notice. Each account insured to $250,000 by NCUSIF (National Credit Union Share Insurance Fund).

**Annual Percentage rates were valid as of the date listed at the top of this page and may change without notice. Interest is compounded monthly or quarterly, depending upon account type. Interest and principal must remain on deposit for a full year to achieve the stated APY. Please call for current rates. All interest rates are reviewed at the monthly Board of Director meetings, usually held the 4th Wednesday of the month, however rates are subject to change at any time.

Penalty for early withdrawal: A penalty will be imposed if you withdraw any of the funds before the maturity date. For Accounts having a term of 365 days or less, the penalty imposed will equal 90 days of dividends on the amount withdrawn. For Accounts having a term greater than 365 days, the penalty imposed will equal 180 days of dividends on the amount withdrawn.


Loan Rates

First Mortgages

The following First Mortgage programs are available:

  • 15 year Fixed
  • 30 year Fixed
  • Adjustable Rate Mortgages
  • Jumbo

VIEW additional information about our First Mortgage program.

Second Mortgages & Fixed Rate Home Equity Loans

Rates as low as: Term  APR (80% LTV) Monthly Payment (per $1000) APR (90% LTV) Monthly Payment (per $1000) APR (100% LTV) Monthly Payment (per $1000)
Minimum Amount: $5,000 60 Months 3.50% $20.37 4.00% $20.61 5.50% $21.34
Fee*: see below 84 Months 4.00% $15.93 4.50% $16.19 N/A
120 Months 4.25% $12.64 4.75% $12.91 N/A
144 Months 4.50% $11.50 N/A N/A
180 Months 4.75% $10.41 N/A N/A
Maximum Amount $100,000 $75,000 $50,000
Business Loan (Non-Primary Residence): Same as 80% LTV except $50,000 Max, 60 month term & $375 fee.

 


Home Equity Lines of Credit (HELOC)

Rate Loan-to-Value
3.50%: Variable rate loan based on the Prime Rate – 0.50% Max. 80%
4.50%: Variable rate loan based on the Prime Rate + 0.50% 80 – 90%
Effective Date: July 1, 2017 – September 30, 2017. Floor Rate for HELOC program is 3.50%.  Rate based on rate published in the Wall St. Journal 30 days prior to 1st business day of current quarter.

 


Express Equity Home Loans**

Term APR Monthly Payment: (Per $1,000)
60 Months 4.99% $21.10
84 Months 5.74% $16.83


‡ Monthly payment listed includes MEMBER’S CHOICE Borrower’s Security debt protection and is for illustrative purposes only.

*For Second Mortgage Loans and Home Equity Lines of Credit: Philadelphia Counties and Delaware State are subject to a $400 loan processing fee; New Jersey State and all other non-Philadelphia Counties are subject to a $300.00 loan processing fee. No rate discounts given on 2nd Mortgages or HELOCs. Note that if using a Credit Union appraisal less than 6 months old, fee reduction of $100 applies. Other restrictions may apply. Contact us for details.

**Express Equity Home Loans are subject to a $200 loan processing fee (Philadelphia County) or $150.00 loan processing fee (all non-Philadelphia Counties) No rate discounts given on Express Equity Home Loans. 50,000 maximum. Restrictions apply.


New Auto Loans*

New Vehicles APR as low as Monthly Payment: (Per $1,000)
36 Months 2.24% $31.40
48 Months 2.49% $24.59
60 Months 2.49% $20.46
72 Months 3.49% $25.57
84 Months** 4.49% $23.59

Use Auto Loans*

Used Vehicles APR as low as Monthly Payment: (Per $1,000)
36 Months 2.24% $31.40
48 Months 2.49% $24.59
60 Months 2.49% $20.46
72 Months 3.49% $25.57
84 Months† 4.49% $23.59

 


Summer Vacation Signature Loan Rates*

Term (in months) APR as low as Monthly Payment: (Per $1,000)
12 7.50% $89.52
24 7.50% $47.73
36 8.00% $34.13
48 8.00% $27.28
60 9.00% $23.74
 

Summer’s Here! Take the trip of a lifetime
with our super-affordable Vacation Loan! APPLY NOW

 

 


Other Loans

Loan Type Annual Percentage Rate
Share Secured CD rate of same term + 3%
Share Certificate Secured CD rate of same term + 3%
Personal Line of Credit As low as 4.00%; floor rate is 4.00%
MasterCard® Platinum Credit Cards As low as 7.90% APR; VIEW program details.

 

Vehicle & Personal Loan Discounts & Disclosures:

*APR = Annual Percentage Rate. The as low as rates shown for both the Vehicle and Signature Loan are the lowest promotional rates available and includes the maximum loan rate discount of .75%. No other discounts can be applied. CLICK HERE to view available Loan Savings Rate Discount options. Rates are subject to change without notice. The as low as Vehicle Loan rates shown apply to 2015 vehicle model year or newer.

**84 months Vehicle Loans must be $20,000 or greater.

‡For Vehicle Loans the monthly payment listed includes MEMBER’S CHOICE Borrower’s Security debt protection and GAP protection. The payment example listed for Signature Loans includes MEMBER’S CHOICE Borrower’s Security debt protection. Loan payment examples are for illustrative purposes only.

Actual rate offered is based on applicant’s individual credit worthiness. Equal Opportunity Lender. Equal Housing Lender. We do business in accordance with the Federal Fair Housing Law and Equal Credit Opportunity Act.



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