Rates
Strait View Credit Union's current Loan and Savings Rates
Current Rates
Effective Date: November 1, 2024
Auto Loans
| Loan Type | *APR | Term |
|---|---|---|
| New & Used Vehicles | 4.75%-18.75% | Up to 96 months |
| New & Used RVs | 7.00%-10.75% | Up to 180 months |
| Off-Road Vehicles | 8.50%-11.00% | Up to 60 months |
| Classic & Antique Vehicles | 8.00%-9.00% | Up to 72 months |
*APR = Annual Percentage Rate "as low as". Your rate will be based on the term of the loan, the amount down, and your credit qualifications. Other exclusions or restrictions apply. Available RV loan types include RVs, Boats, Travel Trailers, Mini Motor Homes, Campers. Available Off-Road Vehicle loan types include Dirt Bikes, ATVs, and Jet Skis.
Manufactured Home Loans
| Loan Type | *APR | Term |
|---|---|---|
| Park Models | 7.75%-8.75% | Up to 180 months |
| New & Used Mobile Homes | 7.75%-9.25% | Up to 240 months |
*APR = Annual Percentage Rate "as low as". Your rate will be based on the term of the loan, the amount down, and your credit qualifications. Other exclusions or restrictions apply.
Personal Loans
| Loan Type | *APR | Term |
|---|---|---|
| Personal Loans (up to $8000) | 12.00% -13.00% | Up to 48 months |
| Debt Consolidation w/Collateral | 10.00%-13.00% | Up to 60 months |
| Medical Loans | 6.00% | N/A |
*APR = Annual Percentage Rate "as low as". Your rate will be based on the term of the loan, the amount down, and your credit qualifications. Other exclusions or restrictions apply. Medical loans are 100% guaranteed by OMC and FCH hospital.
Credit Cards
| Card Type | *APR |
|---|---|
| Classic Visa Card | 12.00% -13.00% |
| Secured Visa Card | 14.00% |
*APR = Annual Percentage Rate "as low
as". Grace period for repayment of the balance for purchases: 28 Days. There is no grace
period for cash advances.
Annual fee: $10 charged by Strait View Credit Union.
Cash Advance
Fee: No fee charged by Strait View Credit Union.
Over the Limit Fee: $10 per
transaction.
Late Fee: $5 if late 10 days or more.
Method of computing the balance of
purchases: Average daily balance including new purchases.
Minimum monthly payment: 3% of
outstanding balance at the end of the 28th day of the month, rounded up to the nearest dollar ($20
minimum).
Secured Loans
| Loan Type | *APR |
|---|---|
| Share Secured | 2% over dividend rate |
| Certificate Secured | 2% over dividend rate |
*APR = Annual Percentage Rate "as low as". Your rate will be based on the term of the loan, the amount down, and your credit qualifications. Other exclusions or restrictions apply.
Savings Rates
Rates as of 4.3.2023
| Savings Type | Dividend Rate | *APY | Min Balance to Open | Min Balance to Earn APY | Accrual |
|---|---|---|---|---|---|
| Basic Savings | 0.05% | 0.05% | $5 | $5 | Quarterly |
| Holiday Savings | 0.05% | 0.05% | $0 | $5 | Quarterly |
| Open End Savings | 1.50% | 1.50% | $2,500 | $2,500 | Quarterly |
| 6 Month Certificate | 1.50% | 1.50% | $500 | $500 | At Maturity |
| 1 Year Certificate | 3.75% | 3.75% | $1,000 | $1,000 |
Compounded Monthly |
| 2 Year Certificate | 2.50% | 2.50% | $1,000 | $1,000 | Annually |
| 3 Year Certificate | 3.00% | 3.00% | $1,000 | $1,000 | Annually |
*APY = Annual Percentage Yield "as high as".
Dividends on Certificate Accounts may be withdrawn semi-annually or annually if paid without
penalty.
The credit union may offer other rates or amend the rates contained in this schedule
from time to time. Fees could reduce earnings. Rates can change without notice.
All funds are
Federally insured to at least $250,000 and are backed by the full faith and credit of the United
States Government National Credit Union Administration (NCUA).
Checking Accounts
| Checking Type | Dividend Rate | *APY | Min Balance to Open | Accrual |
|---|---|---|---|---|
| Basic Checking | None | None | $0 | Unavailable |
| 55+ Checking | None | None | $0 | Unavailable |
With Basic Checking, there is a minimum balance requirement of $250 to avoid the $3.00 per month service fee. In addition, regardless of the balance, you will see an additional $3.00 Monthly Security Fee on the last day of each month.
Members 55 or older who use direct deposit are eligible for 55+ Checking. With this account, there's no minimum balance requirement. There is a $3.00 Monthly Security Fee which is assessed on the last day of each month. Your account has free online banking and free check orders.