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RATES
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LOAN RATES - Effective 11/01/08
1st Cooperative FCU will engage in risk based lending in order to assist more of our members during this volatile economic time. Members with credit challenges may qualify for a loan with 1st Cooperative FCU rather than resort to higher cost alternatives. Members with good credit ratings will continue to enjoy the low competitive rates that have always been offered. Members may qualify for a rate based on their individual credit history, among other criteria. Rates range from as low as 3.25% to as high as 16%, depending on the type of loan and the term of the loan. We have listed the rates below for your information; however, it will be necessary to apply for the loan before a final rate can be determined.
| Type |
Maximum Term |
Annual Percentage Rate (APR) |
| Personal Loan |
60 Months |
8.50% - 15.00% |
| New Autos |
60 Months |
5.00% - 11.50% |
| Used Autos |
60 Months |
5.00% - 11.50% |
| $25,000.00 or more |
72 Months |
5.00% - 11.50% |
| New RV/Watercraft/Tractor |
60 Months |
5.40% - 11.90% |
| Used RV/Watercraft/Tractor |
60 Months |
6.40% - 12.90% |
| New Motorcycles |
60 Months |
5.40% - 11.90% |
| Used Motorcycles |
60 Months |
6.40% - 12.90% |
| New Jet Ski/ATV |
60 Months |
5.40% - 11.90% |
| Used Jet Ski/ATV |
60 Months |
6.40% - 12.90% |
| New Farm Equipment |
72 Months |
8.50% - 15.00% |
| Used Farm Equipment |
60 Months |
9.50% - 16.00% |
| Share Secured |
60 Months |
3.25% |
| Certificate Secured |
60 Months |
4.75% - 5.75% |
Line of Credit
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8.50% - 15.00% |
| Overdraft Protection |
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8.50% - 15.00% |
$30.00 minimum payment on all loan advances. Rates are subject to change without prior notice. |
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SHARE CERTIFICATE RATES
Certificates of Deposits from your Credit Union are an excellent investment opportunity if you do not need immediate access to your funds and want to invest for longer periods to obtain high rates of return.
| Account Type |
Minimum Deposit |
Dividend Rate |
Annual Percentage Yield (APY)* |
Dividend Period |
| 3 Month |
$500.00 |
2.25% |
2.26% |
At Maturity |
| 6 Month |
$500.00 |
2.50% |
2.51% |
At Maturity |
| 12 Month |
$1,000.00 |
2.75% |
2.78% |
Quarterly |
| 24 Month |
$1,000.00 |
3.25% |
3.29% |
Quarterly |
The Annual Percentage Yield is accurate as of November 1, 2008. A penalty, which will affect yield, will be imposed for early withdrawal. Rates are subject to change at any time. For more information, please call 803-796-0234. |
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SAVINGS RATES
Earn interest at competitive rates with the security of a long-term savings plan. Payroll deduction makes this service an easy way to
plan for the future.
Account Type |
Minimum Deposit |
Dividend Rate |
Annual Percentage Yield (APY)* |
Dividend Period |
| Regular Share Account |
$25.00 |
0.75% |
0.76% |
Monthly |
| Kid's Club Share Account |
$25.00 |
0.75% |
0.75% |
Monthly |
| Holiday Helper Account |
$5.00 |
1.50% |
1.51% |
Quarterly |
The Annual Percentage Yield is accurate as of November 1, 2008. Rates are subject to change.
Your savings federally insured to $250,000 by the National Credit Union Administration a U.S. government agency.
Please call 1st Cooperative Federal Credit Union at 803-796-0234 for current rates and information. |
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CHECKING RATES
With two accounts to choose from, 1st Cooperative FCU Checking offers you flexibility without the hassle.
Account Type |
Minimum Deposit |
Dividend Rate |
Annual Percentage Yield (APY) |
Dividend Period |
| 1st Freedom Checking |
$50.00 |
0.00% |
0.00% |
None |
| 1st Choice Checking |
$300.00 |
0.50% |
0.50% |
Monthly |
The Annual Percentage Yield is accurate as of November 1, 2008. Rates are subject to change.
Your savings federally insured to $250,000 by the National Credit Union Administration a U.S. government agency.
Please call 1st Cooperative Federal Credit Union at 803-796-0234 for current rates and information. |
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1st Cooperative Federal Credit Union
808 Knox Abbott Drive | Cayce, SC 29033
803.796.0234 | Fax 803.926.3177
ecsc_creditunion@ecsc.org |
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