Loan Rates effective as of 1/1/2022
Savings & Certificates Rates effective as of 4/1/2022
Loan applications with joint maker signing will constitute joint/cosigner responsibilities.
All loan rates are fixed unless noted as variable rate.
We are required to ask you for income verification to complete all loan requests.
100% financing is based on J.D. Power Consumer Vehicle Values + Options + / – mileage adjustment.
You can research a used vehicle value at jdpowervaluesonline.com.
The older the vehicle, the shorter the term and higher the interest rate. Rate is FIXED. Stated rates for new to 2 years old. An extra year’s term adds 1% to stated loan rate.
The older the vehicle, the shorter the term and higher the interest rate. Rate is FIXED. Stated rates for new to 2 years old. An extra year’s term adds 1% to stated loan rate.
The older the vehicle, the shorter the term and higher the interest rate. Rate is FIXED. Stated rates for new to 2 years old. An extra year’s term adds 1% to stated loan rate.
Interest rate is a fixed and is based on credit score.
Line-Of-Credit has a minimum advance of $100.00 per transaction requirement. No additional fees or charges.
Rate is fixed.
Contact us for details. Rate is fixed.
Contact Lucy (NMLS# 1140548) on phone extension 16 or email address: realestate@kembaky.org
IRA CD not eligible. Rate is fixed.
*APR = Annual Percentage Rate
All loan rates mentioned above are Fixed Rates, meaning that the rates will not/ cannot fluctuate after consummation of the loan. The only exception is our Revolving Home Equity Line-Of-Credit, which has a variable rate that may change only twice a year – April 1st and October 1st.
Members who will qualify for the lowest rates will have a credit score of at least 680 when the credit union employee pulls the Transunion credit report using the FICO-Classic scoring.
** Up to 6 years available if financing over $20,000 and 80% financing at stated APR + 1%
*** Example: Vehicle’s J.D. Power Consumer Vehicle Value is $25K and you finance only $20K on a new to 2 year old vehicle, (and the best credit score) THEN 2.25% APR, 60 months = Rate per $1,000 borrowed monthly factor is $17.65. A loan financing $20,000 would be a monthly payment of $353.16 before any add-ons, such as Credit Insurance, GAP+ADR or Extended Warranty.
If the credit score is the lowest score, then on a new to 2 year old vehicle 10.00% APR, 60 months = Rate per $1,000 borrowed monthly factore is $21.26. A loan financing $20,000 would be a monthly payment of $425.47 before any add-ons, such as Credit Insurance, GAP+ADR or Extended Warranty. APR stands for ‘Annual Percentage Rate’.
NOTE : You must send income verification to the credit union to complete all loan requests. Please include ‘household’ income regardless of joint/cosigner signing or not.
Investment Rates as of April 1, 2022
Federally insured by NCUA.
Rates may change after account is opened.
Fees could change the earnings on the account.
Minimum deposit to open account is $5.00 (Five Dollars)
| Savings | Minimum Balance | Dividend / Interest Rate%* |
|---|---|---|
| Regular Share / Savings | $5.00 | 0.25 |
| Share Draft / Checking | $5.00 | 0.25 |
| Christmas Club | $5.00 | 0.25 |
*APY = Annual Percentage Yield
| Certificates* | Term | Dividend / Interest Rate% | APY%* |
|---|---|---|---|
| Federally insured by NCUA | 91 DAY | 2.00 | 2.015 |
| Federally insured by NCUA | 6 MONTH | 3.50 | 3.546 |
| Federally insured by NCUA | 12 MONTH | 3.00 | 3.034 |
| Federally insured by NCUA | 18 MONTH | 3.00 | 3.034 |
| Federally insured by NCUA | 24 MONTH | 3.10 | 3.136 |
| Federally insured by NCUA | 30 MONTH | 3.10 | 3.136 |
| Federally insured by NCUA | 36 MONTH | 3.40 | 3.444 |
| Federally insured by NCUA | 48 MONTH | 3.50 | 3.546 |
| Federally insured by NCUA | 60 MONTH | 3.50 | 3.546 |
| IRA - 1st QUARTER | PASSBOOK | 0.40 | 0.35 |
| IRA - 1st QUARTER | 18 MONTH | 3.00 | 3.034 |
| IRA - 1st QUARTER | 24 MONTH | 3.10 | 3.136 |
| IRA - 1st QUARTER | 30 MONTH | 3.10 | 3.136 |
*All require a $500.00 minimum deposit
“The only impossible journey is the one you never begin.”
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The meeting will be held at Holy Family Church, Saffn Center Hall in the Riede Rm., 3926 Poplar Level Rd. There will be reports on our progress over the past year, along with refreshments and door prizes. Doors open at 5:30 p.m. and the meeting begins at 6:00 p.m. City Barbecue is catering the event. Cost is $13 per person.
Make a reservation by calling or emailing us at kemba@kembaky.org by May 19.
