Savings and Loan Rates
Savings and Loan Rates are effective June 1, 2018 and are subject to change without notice.
Savings Accounts and IRAs at Viriva 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. The minimum balance requirement is $5.00 and must be maintained to remain a member and benefit from all Credit Union services.
|Term||Minimum Balance||Dividend Rate||Annual Percentage Yield (APY)|
|9 Month||$500.00||1.050%||1.06% (Limited Time)|
|48 Month||$500.00||2.526%||2.55% (Limited Time)|
|60 Month||$500.00||2.918%||2.95% (Limited Time)|
(EFFECTIVE June 1, 2018)
|Tiers||Balance||Annual Percentage Yield (APY)||Dividend Rate|
|1||$500 – $9,999.99||0.20%||0.20%|
|2||$10,000 – $24,999.99||0.25%||0.25%|
|3||$25,000 – $49,999.99||0.30%||0.30%|
|4||$50,000 and over||0.50%||0.50%|
|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%|
|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 For Accounts having a term of 365 days or less, the penalty imposed will equal 90 days of dividends on the amount withdrawn. For Accounts having a term greater than 365 days, the penalty imposed will equal 180 days of dividends on the amount withdrawn.
The following mortgage programs are available:
- 15 year Fixed
- 30 year Fixed
- Adjustable Rate Mortgages
VIEW additional information about our First Mortgage program.
|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)‡|
|36 Month Promo Rate||1.99%1||$30.74||N/A||N/A||N/A||N/A|
|Minimum Amount: $5,000||60 Month||3.50%||$20.37||4.00%||$20.61||5.50%||$21.35|
|Fee*: see below||84 Month||4.00%||$15.94||4.50%||$16.19||N/A||N/A|
|Business Loan (Non-Primary Residence): Same as 80% LTV except $50,000 Max, 60 month term & $375 fee.|
|Introductory Promo Rate: 1.99%2 now through Year-end
As low as 4.00% thereafter (Prime – 0.50%)
|5.00%: Variable rate loan based on the Prime Rate + 0.50%||80 – 90%|
|Effective Date: April 1, 2018 – June 30, 2018. Rate based on Prime Rate published in the Wall St. Journal one month prior to 1st business day of each calendar quarter. Floor rate for HELOC program is 3.50%.|
|Term||APR||Monthly Payment: (Per $1,000)‡|
1. Applications must be received by 6/30/18 and loan disbursed by 7/30/18.
2. Application must be received by 6/30/18. 1.99% APR applies from initial disbursement until 12/31/18 and is for new lines of credit with a draw of at least $5,000 ($75,000 maximum) at closing or refinances of current Viriva lines of credit with an additional $20,000 draw. After 12/31/18, any remaining balance and new draws are subject to a standard variable APR calculated by adding a Margin (interest percentage) to the highest Prime Rate (the Index) as published in The Wall Street Journal on the 1st day of the month prior to the new calendar quarter.
‡Monthly payment listed includes MEMBER’S CHOICE Borrower’s Security debt protection and is for illustrative purposes only.
*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 Vehicles||APR as low as||Monthly Payment: (Per $1,000)‡|
Used Auto Loans*
|Used Vehicles||APR as low as||Monthly Payment: (Per $1,000)‡|
|Term (in months)||APR as low as||Monthly Payment: (Per $1,000)‡|
|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 4.75%; floor rate is 4.75%|
|Mastercard® Platinum Credit Cards||As low as 8.65% 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 Loans of 24 month terms or higher are the lowest rates available and include the maximum loan rate discount of .75%. No other discounts can be applied. CLICK HERE to view available rate discount options. Rates are subject to change without notice. The floor rate is 2.24% APR for Vehicle Loans and 8.49% APR for non-promotional Signature Loans. The as low as Vehicle Loan rates shown apply to 2016 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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