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Rates/Fees
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Printable Loan/Dividend Rate Sheet
(PDF)
Loan rates (effective 03/03/2008)
First mortgage loans are now
available! Get more information, including rates, on our On-Line
Mortgage Center!
Note: Credit Union rates are based upon evaluation
of applicant credit; your actual rate may vary.
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Annual
Percentage
Rate (%)^
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Term (years)^^
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New car loans*
(minimum 10% down;
minimum $25,000 loan amount for 6-year loans)
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as low as 4.25
as low as 5.00
as low as 5.50
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1-3
4-5
6
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Used car loans**
(minimum 20% down)
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as low as 6.00
as low as 6.25
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1-4
5
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Signature loans
(maximum $5,000)
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as low as 9.00
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maximum of 2
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Share
loans
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Regular Share Account
Dividend Rate
plus 1.5%
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1
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Individual
line of credit
(maximum $5,000)
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Prime rate
plus 2.0%^^^
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Open
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Home
equity loans***
(maximum $50,000, 80%
LTV)
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as low as 6.75
as low as 6.25
as low as 5.75
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15
10
5
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Other
secured loans (e.g. stock)
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as low as 8.00
as low as 9.00
as low as 10.00
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3
4
5
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Boat/camper
loans
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Available upon request
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*
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A new car
is any new or used current model year car on which the original
manufacturer’s warranty is still in effect.
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**
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Within
two years of current model year or $5,000 in current value.
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***
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Appraisal
required; maximum $50,000.
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^
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All Fannie Mae Federal
Credit Union rates and terms are based upon evaluation of applicant credit.
your actual rate may vary.
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^^
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Loans
with fixed terms will be repaid in biweekly payments over the specified term
of the loan. For example, a one-year new car loan at 4.25% annual
percentage rate (APR) will be repaid in 26 biweekly payments of $39.31 for
each $1,000 borrowed, and a fifteen-year home equity loan at 6.75% APR will
be repaid in 390 biweekly payments of $4.08 for each $1,000 borrowed.
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^^^
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The APR
for individual lines of credit may vary, and is 9.25% as of January 1,
2008. This rate can change quarterly, on the first day of January, April,
July, and October.
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Sorry: no refinances of Fannie Mae
Federal Credit Union loans.
Dividend rates
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Dividend
Rate (%)
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Annual
Percentage
Yield (%)
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Regular
Share Account
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.75
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.75
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IRA
Share Account
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.75
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.75
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Share
Draft Account
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.50
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.50
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Regular and IRA Share
Accounts may be opened with a minimum deposit of $60. Dividends will be paid
on balances of $60 and over. There is no minimum balance requirement for
Share Draft Accounts; however, members are required to open and maintain a
regular Share Account in order to obtain a Share Draft Account. Annual
percentage yields are current and accurate as of January 1, 2008.
Certificate Rates (effective March 3, 2008)
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Term
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Dividend
Rate (%)
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Annual
Percentage
Yield (%)
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6
months
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3.00
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3.01
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12
months
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3.00
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3.04
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24
months
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3.00
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3.08
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Minimum Share Certificate
denomination is $500.
Service fees
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Closed
account
Within six months of
opening
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$25.00
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Returned
check
·
First party checks
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Third party checks
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$25.00
$10.00
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Stop
payment
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Check issued by FMFCU on the member's share or draft account
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Check written by the member from their draft account
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$28.00
$20.00
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Debit/Credit
card replacement
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$10.00
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Wire
transfer
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$10.00
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Split withdrawals
·
Charge per check on daily withdrawals from share or draft account if
more than one check requested per day
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$5.00
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Copy of
statement
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$5.00
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Overdraft
of share draft account
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If check is returned
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Automatic transfer to cover overdrafts
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$20.00
$5.00
$5.00
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Photocopy
of check
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$3.00
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Statement
reconciliation
(minimum of one
hour)
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$20.00 per hour
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Your savings insured to $100,000
by NCUA.
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The Fannie Mae Federal Credit Union does business in
compliance with the Federal Fair Housing Laws and the Equal Credit
Opportunity Act.
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©1999-2008 Fannie Mae Federal Credit Union. All Rights
Reserved.
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