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Rates subject to change.
Membership eligibility is required.
Contact the credit union about applicable rates, terms, and fees.
419-625-9025 | 800-691-9299 | inquiry@vlfcu.org
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Statement of Purpose:
The policy of this Credit Union shall be to provide the best lending services to our members at the lowest possible rates.
It is the intent of the Board of Directors that an application for credit shall not be discriminated against on any prohibited basis, as defined in the Federal Equal Credit Opportunity Act, Regulation B, or the Ohio Civil Rights Law as the statute applies to lending.
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Rates Effective ~ September 1, 2009
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Savings
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Rate |
APY* |
Term |
| Regular Share and Club Share Account |
0.10 |
0.10 |
n/a |
| Member Business Regular Share Account - minimum balance to earn dividends $100.00 |
0.10 |
0.10 |
n/a |
| Dollar Dog and Youth Share Club Account |
0.75 |
0.75 |
n/a |
| Value Checking Plus+ |
0.10 |
0.10 |
n/a |
Member Business Checking Plus+ - minimum balance to earn dividends $2,000.00
$10.00 per month fee if Business Checking Plus+ balance falls below $5,000.00 |
0.10 |
0.10 |
n/a |
| IRA Share |
1.50 |
1.51 |
n/a |
| Money Market Plus+ - $0.00 to $1,999.99 |
0.00 |
0.00 |
n/a |
| Money Market Plus+ - $2,000.00 to $9,999.99 |
0.80 |
0.80 |
n/a |
| Money Market Plus+ - $10,000.00 to $24,999.99 |
0.85 |
0.85
|
n/a |
| Money Market Plus+ - $25,000.00 to $49,999.99 |
0.90 |
0.90 |
n/a |
| Money Market Plus+ - $50,000.00 to $99,999.99 |
1.00 |
1.00 |
n/a |
| Money Market Plus+ - $100,000.00 and over |
1.24 |
1.25 |
n/a |
| Member Business Money Market Plus+ - $0.00 to $1,999.99 |
0.00 |
0.00 |
n/a |
| Member Business Money Market Plus+ - $2,000.00 to $9,999.99 |
0.80 |
0.80 |
n/a |
| Member Business Money Market Plus+ - $10,000.00 to $24,999.99 |
0.85 |
0.85 |
n/a |
| Member Business Money Market Plus+ - $25,000.00 to $49,999.99 |
0.90 |
0.90 |
n/a |
| Member Business Money Market Plus+ - $50,000.00 to $99,999.99 |
1.00 |
1.00 |
n/a |
| Member Business Money Market Plus+ - $100,000.00 and over |
1.24 |
1.25 |
n/a |
| Regular & CESA Term Share Certificate Rates |
Rate |
APY** |
Term |
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| REGULAR & CESA - 3 month |
1.19 |
1.20
|
3 |
| REGULAR & CESA - 6 month |
1.49 |
1.50
|
6 |
| REGULAR & CESA - 9 month |
1.49 |
1.50
|
9 |
| REGULAR & CESA - 12 month |
2.08 |
2.10
|
12 |
| REGULAR & CESA - 18 month |
2.28 |
2.30
|
18 |
| REGULAR & CESA - 24 month |
2.67 |
2.70
|
24 |
| REGULAR & CESA - 30 month |
2.82 |
2.85
|
30 |
| REGULAR & CESA - 36 month |
3.06 |
3.10
|
36 |
| REGULAR & CESA - 48 month |
3.26 |
3.30
|
48 |
| REGULAR & CESA - 60 month |
3.50 |
3.55
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60 |
| *Unless noted above the minimum deposit is $500.00 |
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| Jumbo Term Share Certificate Rates |
Rate
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APY**
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Term |
| JUMBO - Over $50,000 - 24 month |
2.72
|
2.75
|
24 |
| JUMBO - Over $50,000 - 30 month |
2.87
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2.90
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30
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| JUMBO - Over $50,000 - 36 month |
3.11 |
3.15
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36
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| JUMBO - Over $50,000 - 48 month |
3.31
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3.35
|
48 |
| JUMBO - Over $50,000 - 60 month |
3.55
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3.60
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60 |
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| IRA and ROTH Term Share Certificates Rates |
Rate
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APY**
|
Term |
| IRA & ROTH - 3 month |
1.19
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1.20
|
3 |
| IRA & ROTH - 6 month |
1.49
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1.50
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6
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| IRA & ROTH - 9 month |
1.49
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1.50
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9
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| IRA & ROTH - 12 month |
2.08
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2.10
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12
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| IRA & ROTH - 14 month |
2.08
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2.10
|
14
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| IRA & ROTH - 18 month |
2.28
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2.30
|
18
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| IRA & ROTH - 24 month |
2.67
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2.70
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24
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| IRA & ROTH - 30 month |
2.82
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2.85
|
30 |
| IRA & ROTH - 36 month |
3.06
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3.10
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36
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| IRA & ROTH - 48 month |
3.26
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3.30
|
48
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| IRA & ROTH - 60 month |
3.50
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3.55
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60 |
| *Unless noted above the minimum deposit is $500.00 |
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**Annual Percentage Yield
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| New/Used Auto's |
Term |
APR
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APR
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| New 2010 - 2009 |
72*
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5.49
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7.49 |
| New/Used 2010 - 2008 |
66*
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4.99
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6.99 |
| Used 2007 - 2005 |
60*
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4.99
|
6.99 |
| Used 2004 - 2003 |
48*
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8.00
|
18.00 |
| Used 2002 & Older Models |
48*
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9.00
|
18.00 |
| *Add 0.25% APR to the above interest rates for each 3 months added to the term of the loan - prior approval required. |
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Term |
APR
|
APR |
| Motorcycles 2010 - 2008 |
72
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7.24
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18.00 |
| Motorcycles 2007 - 2003 |
60
|
7.24
|
18.00 |
| Motorcycles 2002 & Older Models |
48
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8.24
|
18.00 |
| Classic Vehicles |
60
|
11.00 |
18.00 |
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| Trailers, Boats & RV's |
Term
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APR
|
APR |
| New 2010 - 2008 |
180*
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6.50
|
18.00
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| New 2010 - 2008 |
144
|
6.50
|
18.00
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| Used 2007 - 2002 |
120
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6.50
|
18.00 |
| Used 2001 & Older Models |
84
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7.50
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18.00 |
| *Amount financed must exceed $25,000 |
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*APR = Annual Percentage Rate
Go To Calculators
Prime Rate of Interest = 3.25% effective December 17, 2008
Although rates are updated regularly on this site, contact the credit union for the most current rates and loan product information.
All rates are subject to change without notice.
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TRUTH-IN-SAVINGS DISCLOSURE
Contact an employee about applicable fees and terms.
SHARE CERTIFICATE ACCOUNT
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If your account has an original maturity of 48 months:
The penalty will equal 24 months dividends on the amount withdrawn subject to penalty. This may reduce the principal of the certificate if withdrawn during the initial 24 months of deposit.
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If your account has an original maturity of 60 months:
The penalty will equal 30 months dividends on the amount withdrawn subject to penalty. This may reduce the principal of the certificate if withdrawn during the initial 30 months of deposit.
In certain circumstances such as death or incompetence of the owner of this account, the law permits, or in some cases requires, the waiver of the early withdrawal penalty. See your plan disclosure if this account is part of an IRA or other tax qualified plan.
Withdrawal of Dividends Prior to Maturity - This annual percentage yield is based on an assumption that dividends will remain in the account until maturity. A withdrawal will reduce earnings.
Automatically Renewable Account - This account will automatically renew at maturity. You may prevent renewal if you withdraw the funds in the account at maturity (or within the grace period mentioned below, if any) or we receive written notice from you within the grace period mentioned below, if any. We can prevent renewal if we mail notice to you at least 30 calendar days before maturity. If either you or we prevent renewal, your funds will be placed in your regular share account.
Each renewal term will be the same as the original term, beginning on the maturity date. The dividend rate will be the same we offer on new term share accounts on the maturity date which have the same term, minimum balance (if any) and other features as the original term share account.
Grace Period - You will have a grace period of ten (10) calendar days after maturity to withdraw the funds without being charged an early withdrawal penalty.
Bylaw Requirements - You must complete payment of one share in your Share Savings account as a condition of admission to membership. Par value of a share in this account is $25.00.
National Credit Union Share Insurance Fund - Member accounts in this Credit Union are federally insured by the National Credit Union Share Insurance Fund.
Maturity Notice - Your __________ account will mature on ____________ and it will automatically renew unless you prevent it. The new maturity date will be ____________. The dividend rate and annual percentage yield that will apply to your account if renewed has not yet been determined. That information will be available on your maturity date. After that date, you may call the Credit Union during regular business hours at (419) 625-9025 or (800) 691-9299 to find out the dividend rate and annual percentage yield that will apply to your account if it is renewed.
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Rate Information - The dividend rate on your share certificate account is ______% with an annual percentage yield of _____%. You will be paid this rate until first maturity.
Compounding frequency - Unless otherwise paid, dividends will be compounded every quarter.
Crediting frequency - Dividends will be credited to your account every quarter. Alternatively, you may choose to have dividends paid to you or to another account every month rather than credited to this account.
Dividend period - For this account type, the dividend period is the same as the term, beginning on the date the account is opened, and ending on the stated maturity date.
Minimum balance requirements:
The minimum balance required to open this account is $500.00.
You must maintain a minimum daily balance of $500.00 in your account each day to obtain the disclosed annual percentage yield.
Daily balance computation method - Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
Accrual of dividends on noncash deposits - Dividend will begin to accrue on the business day you place non cash items (for example, checks) to your account.
Transaction limitations:
After the account is opened, you may not make additions into the account until the maturity date stated on the account.
You may make withdrawals of principal from your account before maturity. Principal withdrawn before maturity is included in the amount subject to early withdrawal penalty.
You can only withdraw dividends credited in the term before maturity of that term without penalty. You can withdraw dividends anytime during the term of crediting after they are credited to your account. This dividend withdrawal limitation does not apply if you have made arrangements to have dividends paid to you or to another account in lieu of having them credited to this account.
Time requirements - Your account will mature depending on the term of you share certificate.
Early withdrawal penalties (a penalty will be imposed for withdrawals before maturity)
If your account has an original maturity of one year or less:
The penalty will equal two (2) months' dividends on the amount withdrawn subject to penalty.
If your account has an original maturity of more than one (1) year, up to two (2) years:
The penalty will equal four (4) months dividends on the amount withdrawn subject to penalty.
If your account has an original maturity of two (2) years or more:
The penalty will equal six (6) months dividends on the amount withdrawn subject to penalty.
In certain circumstances such as the death or incompetence of an owner of this account, the law permits, or in some cases requires, the waiver of the early withdrawal penalty. See your plan disclosure if this account is part of an IRA or other tax qualified plan.
Withdrawal of dividends prior to maturity - The annual percentage yield is based on an assumption that dividends will remain in the account until maturity. A withdrawal will reduce earnings.
Automatically renewable account - This account will automatically renew at maturity. You may prevent renewal if you withdraw the funds in the account at maturity (or within the grace period mentioned below, if any) or we receive written notice from you within the grace period mentioned below, if any. We can prevent renewal if we mail notice to you at least 30 calendar days before maturity. If either you or we prevent renewal, your funds will be placed in a dividend-bearing account.
Each renewal term will be the same as the original term, beginning on the maturity date. The dividend rate will be the same we offer on new term share accounts on the maturity date which have the same term, minimum balance (if any) and other features as the original term share account.
You will have a grace period of ten (10) calendar days after maturity to withdraw the funds without being charged an early withdrawal penalty.
Par value of share:
The par value of a share in this account is $25.00.
Bylaw requirements:
You must complete payment of one share in your Share Savings account as a condition of admission to membership.
National Credit Union Share Insurance Fund - Member account in this Credit Union are federally insured by the National Credit Union Share Insurance Fund.
48 & 60 Month TERM SHARE CERTIFICATE ACCOUNT
Rate Information - The dividend rate on your share certificate account is ______% with an annual percentage yield of _____%. You will be paid this rate until first maturity.
Compounding Frequency - unless otherwise paid, dividends will be paid and compounded on the last day of every quarter.
Crediting Frequency - Dividends will be credited to your account every quarter. Alternatively, you may choose to have dividends paid to you or to another account every month rather than be credited to this account.
Dividend period - For this account type, the dividend period is the same as the term, beginning on the date the account is opened, and ending on the stated maturity date.
Minimum Balance Requirements - The minimum balance that is required to open this account is $500.00. You must maintain a minimum daily balance of $500.00 in your account each day to obtain the disclosed annual percentage yield.
Daily Balance Computation Method - Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
Accrual of Dividends on Non-cash Deposits - Dividends will begin to accrue on the business day you place non-cash items (for example, checks) to your account.
Transaction Limitations - After the account is opened, you may not make additions into the account until the maturity date stated on the account.
You may not make withdrawals of the principal from your account before maturity. Principal withdrawn before maturity is included in the amount subject to early withdrawal penalty.
You can only withdraw dividends credited in the term before maturity if you have made arrangements to have dividends paid to you or to another account in lieu of having them credited to this account.
Time Requirements - Your account will mature _____________
Early Withdrawal Penalties - A penalty will be imposed for withdrawals before maturity.
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