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Loans | Savings | Certificates
| Loans |
Advance |
Rate |
APR* |
Term |
|
| New Cars, Vans & Light (3/4T) Trucks (100%) |
100% of purchase price + tax & license
Estimated payment example per $1000 = $18.99
(payment example based on 5.25% APR)
|
*5.25
|
5.25
|
60
|
Calculator |
| New Cars, Vans & Light (3/4T) Trucks (90%) |
90% of purchase price + tax & license
Est. payment example per $1000 = $16.10 (based on 5.00% APR)
|
*5.00
|
5.00
|
72
|
Calculator |
| New Cars, Vans & Light (3/4T) Trucks (80%) |
80% of purchase price + tax & license
Est. payment example per $1000 = $15.99 (based on 4.75% APR)
|
*4.75
|
4.75
|
72
|
Calculator |
| Premier Used Car Rate 2002 or Newer Only |
up to 100% of Kelly Blue Book wholesale value+tax & license
|
*5.50
|
5.50
|
72
|
Calculator |
| New Motorcycle |
up to 90% of purchase price + tax & license |
*5.75 |
5.75 |
72 |
Calculator |
| Standard Used Car Rate (2007 & 2008) |
up to 100% of Kelly Blue Book retail value+tax & license
Est. payment example per $1000 = $19.22 (based on 5.75% APR)
|
*5.75
|
5.75
|
60
|
Calculator |
| Standard Used Car Rate (2006) |
up to 100% of Kelly Blue Book retail value+tax & license
Est. payment example per $1000 = $19.33 (based on 6.00% APR)
|
*6.00
|
6.00 |
60 |
Calculator |
| Standard Used Car Rate (2003, 2004 & 2005) |
up to 100% of Kelly Blue Book retail value+tax & license
Est. payment example per $1000 = $20.16 (based on 7.75% APR)
|
*7.75
|
7.75
|
60
|
Calculator |
| Standard Used Car Rate (2001 & 2002) |
up to 100% of Kelly Blue Book retail value+tax & license
Est. payment example per $1000 = $21.62 (based on 10.75% APR)
|
*10.75
|
10.75 |
60 |
Calculator |
| Standard Used Car Rate (2000 & older) |
up to 100% of Kelly Blue Book retail value+tax & license
Est payment example per $1000 = $22.88 (based on 13.25% APR)
|
*13.25
|
13.25 |
60 |
Calculator |
| Used Motorcycle (2007 & 2008) |
up to 70% of Black Book or similar guide + tax & license |
*7.00 |
7.00 |
60 |
Calculator |
| Used Motorcycle (2006) |
up to 70% of Black Book or similar guide + tax & license |
*7.50 |
7.50 |
60 |
Calculator |
| Used Motorcycle (2005) |
up to 70% of Black Book or similar guide + tax & license |
*8.00 |
8.00 |
60 |
Calculator |
| New Boats (pleasure) |
85% of purchase price
(15% down pmt )
payment example per $1000 = $17.05 (based on 7.00% APR)
|
*7.00
|
7.00 |
72 |
Calculator |
| New Recreational Vehicles |
80% of purchase price
(20% down required)
Est. payment per $1000 = $17.05 (based on 7.00% APR)
|
*7.00
|
7.00 |
72 |
Calculator |
| Used Boats (pleasure) |
75% of purchase price
(25% down required)
Est payment per $1000 = $17.29 (based on 7.50% APR)
|
*7.50
|
7.50 |
60 |
Calculator |
| New & Used Aircraft (Limit $25,000) |
80% of purchase price & wholesale value
Est payment per $1000 = $18.53 (based on 10.00% APR)
|
*10.00
|
10.00 |
72 |
Calculator |
| Used Recreational Vehicles |
100% of wholesale Kelly Blue Book value
Est. payment per $1000 = $17.17 (based on 7.25%)
|
*7.25
|
7.250 |
72 |
Calculator |
| Signature Loan |
Max allowable $15,000 (total per member)
|
*11.25 |
11.25 |
n/a |
Calculator |
| Share Secured |
100% of shares available
Est payment per $1000 with 144 month term = $9.89
|
5.75 |
5.75 |
144 |
Calculator |
| Eligible Share Certificates |
90% of face value of certificate
(rate is 2.25% above dividend rate)
|
|
0.000 |
n/a |
Calculator |
| Vehicle Equity Loan (2002 or newer) |
Minimum loan amt: $1,000
based on prevailing rates
|
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|
60 |
Calculator |
| Line of Credit Overdraft Protection |
Amount based on approved credit
|
14.00 |
14.00 |
48 |
Calculator |
|
Trust Deeds-
Owner Occupied(I)
|
80% of appraised if owner occupied
Est payment per $1,000 = 19.33 (60 mos)
|
6.00 |
6.00
|
60-240 |
Calculator |
| Trust Deeds - Owner Occupied (II) |
90% of appraised value
Est payment per $1000 = $19.92 (60 mons)
|
7.25 |
7.25 |
60-120 |
Calculator |
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| Trust Deeds - Non Owner Occupied |
See below |
7.65 |
7.65 |
60 |
Calculator |
| Trust Deeds - Non Owner Occupied |
See below |
8.40 |
8.40 |
84 |
Calculator |
| Trust Deeds - Non Owner Occupied |
See below |
8.90 |
8.90 |
144 |
Calculator |
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*APR = Annual Percentage Rate
*Base rate shown, actual rate may vary depending on the borrower(s) credit performance
Rates subject to change without notice
New Cars, Vans & Light (3/4T) Trucks
No borrowed down payments. Physical damage insurance mandatory. Rates subject to change without notice.
All auto loans will be governed by the following terms:
Minimum loan: $ 2,000
Maximum loan: 60% of annual salary
24 months to $2,499
36 months to $4,999
48 months to $9,999
60 months to $19,999
72 months to 24, 999
Premier Used Car Rate 2002 or Newer Only
Where the credit union is financing the wholesale blue book value plus tax or selling price, whichever is lower.
Standard Used Car Rate
Where the credit union is financing a greater amount than the wholesale value, the following rates apply:
Used Cars, Vans & Light (3/4T) Trucks (appraisal may be required).
No borrowed down payments. Physical damage insurance mandatory
New Boats (pleasure)
All boats and recreational vehicles will be governed by the following terms:
Minimum loan: $2,000
24 months to $2,499
35 months to $4,999
48 months to $9,999
60 to 72 months to $19,999
84 to 144 months to $20,000 and over
Other: Physical damage insurance mandatory
Used Boats (pleasure)
Other: Physical damage insurance mandatory. Marine survey required on balances financed $7,500 or over. Credit union will not advance in excess of surveys lowest valuation.
New Recreational Vehicles
(including: motor homes, campers, trailers, self-contained vans, house cars, etc.)
Other: Physical damage insurance mandatory. No borrowed down payments.
Used Recreational Vehicles
(including: motor homes, campers, trailers, self-contained vans, house cars, etc.)
Other: Physical damage insurance
New & Used Aircraft
Limit $25,000
Other: Physical damage insurance confirmed prior to loan closure. No leasebacks. Purchaser must be licensed pilot. Appraisal may be required on used aircraft.
Eligible Share Certificates
Rate: 2.25% APR above the dividend rate specified on the certificate.
Term: One payment loans with maturity dates that specifically coincide with the redemption date of the certificate.
Other: Certificate must be surrendered. Only the primary member (certificate holder) may borrow. Certificate must be in the same account the loan will be in. Extension agreements are prohibited. Early surrender of a certificate collateralized for a loan will not be negotiated unless loan balance is paid in full.
Vehicle Equity Loan (2002 or newer)
Equity on car - based on wholesale Blue Book value. Rates based on prevailing premier car rate.
Minimum advance: $1,000
Maximum advance: Up to 100% Kelley Blue Book value
Requirements:
1) Mandatory physical inspection of the vehicle at one of our branches
2) Current insurance binder must be in file or member must provide proof of insurance showing Sea Air FCU as lienholder.
3) Title to vehicle if we do not already have a lien.
4) Items 1-3 must be satisfied prior to closing of loan.
Trust Deeds - Owner Occupied (I)
Term: As above, consistent with amount financed and purpose of loan.
Trust Deeds - Owner Occupied (II)
Requirements:
1) 5 year home owner.
2) 5 years employment with same firm.
3) Full appraisal.
Other: A written appraisal/evaluation is mandatory and must be made by a credit union designated appraiser. Fire insurance policy, policy of title insurance necessary.
Trust Deeds - Non Owner Occupied
Advance: **70% of approved appraisal if non-owner occupied, less encumbrance and clear of all liens.
**The maximum term shall be limited to 12 years (144 months).
Other: A written appraisal/evaluation is mandatory and must be made by a credit union designated appraiser. Fire insurance policy, policy of title insurance necessary.
Minimum allowable: $5,000
Maximum allowable: $200,000
Miscellaneous Credit and/or Purpose
Advance: Per guidelines currently in effect, plus unsecured limit
Rate: use unsecured rates - based on credit performance
Max Term: 48 months
Other: All collateral to be valued at retail Kelly Blue Book. Physical damage insurance mandatory on insurable collateral. Unsecured portion of loan advance must not exceed collateral value by more than 50%.
This loan is a mixed collateral loan, partly secured and partly unsecured and will be considered an unsecured loan.
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This rate schedule states rates applicable to specified accounts and fees common to all accounts. This schedule is incorporated as a part of your account agreement with Sea Air Federal Credit Union.
For purposes of this disclosure, the dividend rate and annual percentage yield stated for the term share accounts were offered within the most recent seven calendar days and were accurate as of the date shown below. Please call (888) 732-2471 to obtain current rate information.
*The Annual Percentage Yield for a certificate account is based on an assumption that dividends will remain on deposit until maturity. A penalty will or may be imposed for early withdrawal.
Fees could reduce the earnings on the account.
The Credit Union has declared dividends for the First Quarter of 2008 as indicated.
|
| Savings |
Rate Type |
Minimum Opening Deposit |
Minimum Daily Balance to Earn APY
|
Dividend Rate
|
Annual Percentage Yield (APY*) |
| Regular Shares (Savings) |
Variable |
$5 |
$50
|
1.50%
|
1.51% |
| Checking |
Variable |
$25 |
n/a
|
n/a
|
n/a |
| Trusts |
Variable
|
$0 |
$50
|
1.50%
|
1.51% |
| Kirby Kangaroo Club (Kids Savings) |
Variable |
$1 |
$1
|
1.50%
|
1.51% |
| CU Succeed (Teen Savings) |
Variable |
$1 |
$1
|
1.50%
|
1.51% |
| Holiday Club |
Variable |
$1 |
$1
|
1.75%
|
1.75% |
| Money Market - Tier I |
Variable |
$1,000 |
$1,000
|
1.80%
|
1.81% |
| Money Market - Tier II |
Variable |
$20,000 |
$20,000
|
2.00%
|
2.02% |
| Money Market - Tier III |
Variable |
$50,000 |
$50,000
|
2.20%
|
2.22% |
| Share Certificates No Maintenance Fees! |
Minimum Opening Deposit |
Minimum Daily Balance to Earn APY |
Dividend Rate
|
APY* |
| 3 to 5 Months |
$1,000
|
$1,000 |
2.30% |
2.33% |
| 6 to 11 Months |
$1,000 |
$1,000 |
2.90% |
2.94%
|
| 1 Year |
$1,000 |
$1,000 |
3.45%
|
3.51% |
| 1.5 Years |
$1,000 |
$1,000 |
3.45% |
3.51% |
| 2 Years |
$1,000 |
$1,000 |
3.45% |
3.51% |
| 2.5 Years |
$1,000 |
$1,000 |
3.60% |
3.67% |
| 3 Years |
$1,000 |
$1,000 |
3.70%
|
3.77% |
| 4 Years |
$1,000 |
$1,000 |
4.00% |
4.08% |
| 5 Years |
$1,000 |
$1,000 |
4.20% |
4.29% |
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| Jumbo Share Certificates (Same Terms as Above) |
$50,000 |
$50,000 |
Additional .20% Added to Rate
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| IRA Share Certificate (Same Terms as Above) |
$500 |
$500 |
Additional .10% Added to Rate
|
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ACCOUNTS ARE INSURED BY THE NATIONAL CREDIT UNION ADMINISTRATION TO AT LEAST $100,000
*APY = Annual Percentage Yield
DATE: 10/07/2008
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