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Rates for Baker Federal Credit Union
Rates effective November 01, 2008. Rates subject to change without notice.
Rates determined via personalized lending program.
| Vehicle Loans |
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| Vehicle Loans available on 2001 and newer model vehicles, boats, R'V's, motorcycles, etc. *Rates as low as *4.75% APR for 35 months for new vehicles. * Subject to credit apprvoal. Restrictions May Apply. Terms up to 84 months |
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| Home Equity Loans / Home Equity Line of Credit |
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| ** No Closing costs and No fees on Loans/Lines of $10,000 or more. ** |
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- Fixed and Adjustable Rate Home Equity Loans and Line of Credit Available. Fixed rates as low as *5.25% APR for 36 months. Line of credit at 4.00% APR.
-Adjustable Rates as low as *5.75% APR for one year. Terms available to 20 years.
-*Up to 90% Loan to Value Available. *Subject to credit approval. |
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| First Mortgage/Mortgage Refinancing |
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-Flexible rates and terms available. |
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| Cash Reserve Line of Credit Available |
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| -Rates and terms vary. |
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| Personal Loan |
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- Personal Loans up to $10,000 with flexible terms available. Rates as low as *8.00% APR for 60 months. *Subject to credit approval.
*Personal Loans secured by Shares as low as 5.25% APR for 36 months. |
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| *Mastercard Credit Card |
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| Rates as low as 8.90% call or stop by for an application. |
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*Subject to credit approval. Restrictions apply. |
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| Savings Opportunities / Investments |
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APR |
APY |
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Regular Savings / IRA / Club Accounts |
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.50% |
.50% |
High Yield 'Tiered' Savings
($3,000 minimum balance)
(Deposits or withdraws may be made in $500 increments ONLY) |
$3,000 - $9,999 $10,000 -$24,999
$25,000 -
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1.00%
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1.00%
1.16%
1.51%
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IRA's / Share Certificates* ($500 or above)
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3 months
6 months
12 months
24 months
36 months |
2.25%
2.50%
2.75%
3.00%
3.25% |
2.27%
2.53%
2.78%
3.04%
3.30% |
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| Kid's Club Share Certificates* ($250 or above) |
3-36 months as above* |
| Series EE Savings Bonds - 18-year maturity available in denominations of $25 - $10,000. |
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Fee Schedule
Effective December 1st, 2007
our intention is to provide a wide selection of quality products at little or no cost to our members. In an effort to keem member fees at a minimum, we compared charges to other area financial institutions. While we prefer to serve members without any fees, as a not-for-profit financial cooperative, it is imperative that we recover administrative costs associated with the services that we provide. You can be assured that we will continue to do our best to offer the most affordable financial services to our members.
| Savings/Checking Services: |
Fee |
| Personal Checking No monthly fees |
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We offer FREE Bill Pay and Banking from Home, our Internet banking service. |
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No Minimum balance required |
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No fee Visa Check Card |
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Unlimited check writing & Duplicate checks |
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No per check fees |
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First Class Business Checking No monthly fees
Tiered Dividedn Checking:
-Minimum average Daily Balance $1000.00 N/C
- If average Daily Balance falls below $1000.00 $10.00 mo |
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| Account history printout |
$ 2.00 |
| Account research |
$15.00 hour |
| Certified Check |
$ 5.00 |
| Check or statement copy |
$ 2.00 ea |
| Foreign check collection |
$ 12.00 |
| Overdraft transfer |
$ 10.00 |
| Returned item (NSF) |
$ 35.00 |
| Returned 3rd party check |
$ 10.00 |
| Stop payment request |
$ 15.00 |
| Check Cashing: |
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With $500 in combined savings |
No charge |
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With a checking account |
No charge |
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For Premiere 55 members |
No charge |
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For those under age 18 |
No charge |
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With Direct Deposit |
No charge |
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With a minimum loan balance of $500 |
No charge |
| Without the above: |
$ 2.00 ea
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| Loan Services: |
Fee |
| Loan Late Charge (After 10 day grace period) |
$ 15.00 |
| Loan modification fee |
$100.00 |
| Mortgage filing |
$ 35.00 |
| Miscellaneous Services: |
Fee |
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Non-Proprietary ATM per transaction ATM/Visa Check card POS PIN generated transaction
Replacement ATM/Visa Check card/PIN (First replacement Free) |
.75
$ 5.00 |
| Return mail/*Dormant account fee |
$3.00 month |
| Safe deposit lost key |
$ 10.00 |
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drilling |
$ 25.00 + cost |
| Tax Levy/Writ |
$ 50.00 |
| Western Union |
$ 12.50 |
| Wire transfers domestic |
$ 15.00 |
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Wire transfers international
Stop Payment (Debit Card)
American Express Gift Checks
Visa Gift Cards |
$ 40.00
$ 35.00
$ 2.00
$ 3.00 |
**Addendum to page 20 of disclosure:
Effective 1/1/96, dividends are no longer paid on checking accounts. *Effective 6/30/02 a $3.00 per month inactivity fee will be charged on accounts that have had no activity in the past 12 month period, and that do not have a minimum balance of $500. Does not apply to Kid's club accounts. |
