Double click the word LOAN for a loan application
Double click the word HOME for a home equity application
Please fax or mail your application with proof of income to the Credit Union office or email to office@websterfcu.org.
Rates accurate as August 24, 2010.
All rates are subject to change without notice.
Your loan rate is determined by the amount borrowed, the type of loan, the term of the loan, and your credit history.
APR = Annual Pecentage Rate
"As low As" rates are our best fixed rates on approved credit and include a 0.50% discount for Automatic Payment (unless otherwise indicated)
AUTO LOANS Link to Loan Calculator
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MODEL YEAR
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TERMS IN MONTHS
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APR RATES AS LOW AS
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2009 - 2011
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1 - 36
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3.45%
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37 - 60
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3.99%
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61 - 72
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4.69%
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2005 - 2008
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1 - 60
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4.29%
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2000 - 2004
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1 - 48
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6.09%
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1997 - 1999
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1 - 36
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7.39%
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BOAT & RV LOANS Link to Loan Calculator
|
MODEL YEAR
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TERM IN MONTHS
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APR RATES AS LOW AS
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| 2009 - 2011 |
1 - 36
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6.75%
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37 - 60
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7.35%
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61 - 1201
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8.15%
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| 2008 & older |
1 - 60
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7.65%
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61 - 842
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8.50%
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1 Boats & RV's 2009 - 2011 and less than $50,000 the max term is 84 months. The boat or RV must meet the IRS
definition of a second home to get a max term of 120 months.
2 Boats and RV's 2008 & older must be over $50,000 to get a max term of 84 months.
MOTORCYCLE, ATV'S, SNOWMOBILE & PERSONAL WATERCRAFT
Link to Loan Calculator
| MODEL YEAR |
TERMS IN MONTHS |
APR RATES AS LOW AS
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| 2009 - 2011 |
1 - 36
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6.95%
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37 - 60
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7.60%
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| 2008 & older |
1 - 60
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8.00%
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OTHER TYPES OF AVAILABLE LOANS Link to Loan Calculator
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LOAN TYPE
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APR RATES
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MISC.
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| Share Secured |
2.79%
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max term is 12 years |
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| VISA credit card |
8.75%
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No annual fees |
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| Overdraft Loan |
12.00%
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No term |
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| Line-of-Credit Loan |
12.00%
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No term |
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| Personal & Debt Cons. Loans |
10.00% - 18.00%
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Max term is 60 months. The amount borrowed and the rate determines the term of the loan
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SAVINGS RATES Link to Simple Savings Calculator
| TYPE |
RATE |
TERM |
| Savings |
0.10% APY |
n/a |
| Checking |
n/a |
n/a |
| Club Account |
0.10 APY |
1 year |
| IRA |
0.10% APY |
n/a |
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APY = Annual Percentage Yield
Rates are subject to change without notice.
Annual percentage yield is accurate as of August 24, 2010
No minimum balance required to earn the advertised annual percentage yield.
Minimum opening deposit for regular savings is $5.00.
A penalty will be imposed for early withdrawal from club account that will
reduce the earnings on the account. Fees could reduce the earnings on savings and IRA accounts.
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HOME EQUITY LOANS
Link to Mortgage Calculator
HELOC (line-of-credit):
Maximum term is 15 years
Maximum draw period is 10 years
Rate = prime [Prime Rate = 3.25% APR] as of August 24, 2010
Fixed term & fixed rate:
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AMOUNT
|
MAXIMUM TERM
|
RATE
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| $10,000 to $35,000 |
Up to 5 Years
|
5.59%
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| $30,001TO $50,000 |
Up to 10 Years
|
5.99%
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| $50,000 + |
Up to 15 Years
|
6.19%
|
Please call the office at 585-671-8900 for more information.
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There are no fees associated with Webster Federal Credit Union home equity loans.
Must become a member of the credit union by opening a savings account of $5.00.
The home equity line of credits are based on a variable periodic rate.
The index used is the prime rate.
The maximum annual percentage rate that may be imposed is 18.0% APR.
As of August 24, 2010 the prime rate is 3.25% APR.
The rate on home equity line of credits will adjust the first day of each quarter based on the prime rate on the 15th day of the last month of previous quarter.
Consult a tax advisor regarding the deductibility of interest.
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