Lending Rates Investment Rates

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Lending Rates Investment Rates Powered By Docstoc
					                                            Investment Rates
                                  Effective 4/15/08 thru 4/21/08 • (Annual Percentage Yield = APY)
 P Box 7006 • Flint, MI 48507
  .O.                                                                                                                                                  G-3381 Van Slyke Road • Flint
(810) 244-2200 • (800) 748-0451                                                                                                                       G-5256 Corunna Road • Flint Twp.
                                                                                                                                                     G-7048 Miller Road • Swartz Creek

 SHARE ACCOUNTS                                                                 SHARE CERTIFICATES
                                                                                                                                                       15125 Silver Parkway • Fenton
                                                 Dividend Rate / APY
                                             ‡
 Regular and Misc. Shares (00-08)*                                                Term of                Minimum Dividend
   Daily account balance less than $500 ........... .15% / .15%                 Certificate               Deposit  Rate                                                APY
   Daily account balance $500 - $1,499 ........... .15% / .15%                   6 Months                   $500   2.18%                                               2.20%
   Daily account balance $1,500 - $2,999 ......... .25% / .25%
   Daily account balance $3,000 and over ........ .50% / .50%                   12 Months                   $500   2.23%                                               2.25%
 Share Draft/Checking (10)*‡                                                    18 Months                   $500   2.28%                                               2.30%
   Daily account balance less than $500 ............. 0% / 0%                   24 Months                   $500   2.33%                                               2.35%
   Daily account balance $500 - $1,499 ............. 0% / 0%                    30 Months                   $500   2.57%                                               2.60%
   Daily account balance $1,500 - $2,999 ......... .15% / .15%                  36 Months                   $500   2.72%                                               2.75%
   Daily account balance $3,000 and over ........ .25% / .25%                   42 Months                   $500   2.72%                                               2.75%
 Christmas Club (20) & Escrow (70-72)* ........ .50% / .50%                     48 Months                   $500   3.02%                                               3.05%
 IRA & Roth IRA Payroll Savings* ..................... .75% / .75%              60 Months                   $500   3.16%                                               3.20%
 Education Savings Account* ........................ .75% / .75%
 GM Retirement/Buyout Offer Savings*¤ ....... 2.96% / 3.00%                     Specials – 12 Months      $5,000 † 2.33%                                               2.35%
 Hi-Yield Savings‡                                                              Specials – 36 Months      $5,000 † 2.82%                                               2.85%
   Daily account balance less than $1,500 .......... 0% /       0%              Benefits Plus Checking &
   Daily account balance $1,500 - $9,999 ......... 1.49% / 1.50%                 Founders Club – 18 Months $500    2.33%                                               2.35%
   Daily account balance $10,000 - $24,999 ..... 1.98% / 2.00%                  See back for important information regarding terms and conditions of Share
   Daily account balance $25,000 - $49,999 ..... 2.13% / 2.15%                  Certificates, Hi-Yield, Hi-Yield Plus and other Share Accounts. Call our Member
   Daily account balance $50,000 or more ....... 2.32% / 2.35%                  Services at (810) 244-2200 or toll free (800) 748-0451 for more information about
                                                                                our investment services.
 Hi-Yield Plus Savings‡                                                         * This is the anticipated dividend for the current month.
   Daily account balance less than $50,000 ...... .50% / .50%                   ‡
                                                                                  Dividends are paid on the full balance of the account at the dividend rate
                                                                                  and annual percentage yield corresponding to the applicable deposit tier.
   Daily account balance $50,000 - $99,999 ..... 2.32% / 2.35%                  ¤ Only for funds from GM Retirement/Buyout offer. Rate valid through 6/30/08.
   Daily account balance $100,000 - $149,999 . 2.72% / 2.75%                    ¥
                                                                                  HiYield Plus tier of $200,000 or more has a minimum 3.00% APY through 6/30/08.
                                                                                † Minimum deposit of $5,000 with a minimum $5,000 “new money” (funds not currently on deposit
   Daily account balance $150,000 - $199,999 . 2.96% / 3.00%                      with Financial Plus FCU) with an active checking account and direct deposit; $10,000 minimum
   Daily account balance $200,000 or more¥ .... 3.45% / 3.51%                     deposit (minimum $10,000 new money) without an active checking account and direct deposit.




                                                 Lending Rates
                           Effective April 15, 2008 • All Quoted As Annual Percentage Rates (APR)
 New/Used Vehicles                                              as low as       Pledge of Shares/Certificates
 New/Used – 24 Months ........................................... 5.00%         Pledge of Shares ..................................................... 2.00%
 New/Used – 36 Months ........................................... 5.25%         Pledge of Certificates ................................. rate plus 1.50%
 New/Used – 48 Months ........................................... 5.50%
                                                                                Signature Loans
 New/Used – 60 Months ........................................... 5.75%
                                                                                Personal Pocketbook Line of Credit
 New/Used – 72 Months ........................................... 6.25%          Variable Rate — Prime plus 3% ........................... 11.00%
 New – 84 Months (minimum $40,000 MSRP) ........... 6.50%
                                                                                Overdraft Protection ............................................. 12.50%
 Boats, Trailers, Motor Homes                                 as low as         Unsecured Loans to 12 Months .............. as low as 9.90%
 Over $20,000 to 144 Months .................................. 6.25%            Unsecured Loans – 13-36 Months .......... as low as 11.00%
 $12,501 to $20,000 to 96 Months ............................ 6.25%
                                                                                Home Equity                                                   as low as
 $7,500 to $12,500 to 72 Months .............................. 6.25%
                                                                                Fixed-Rate Home Equity Loan to 10 years ............. 6.75%
 Under $7,500 to 60 Months .................................... 6.75%
                                                                                Variable-Rate Line of Credit .................................... 5.50%
 Motorcycles                                                  as low as
                                                                                First Mortgages
 New over $20,000 to 120 Months ........................... 6.25%
                                                                                Fixed (5-Year Balloon) .......................................... 5.625%
 $12,501 to $20,000 to 96 Months ............................ 6.25%
                                                                                Fixed (7-Year Balloon) .......................................... 5.625%
 $7,500 to $12,500 to 72 Months .............................. 6.25%
                                                                                5-Year Fixed Rate .................................................... 5.25%
 Under $7,500 to 60 Months .................................... 6.75%
                                                                                7-Year Fixed Rate .................................................... 5.25%
 ATVs, Snowmobiles, Personal                                                    10-Year Fixed Rate .................................................. 5.25%
 Water Craft, Misc. Equipment                                      as low as    15-Year Fixed Rate ........................................ Call for Rate
 New to 72 Months .................................................. 6.75%      30-Year Fixed Rate ........................................ Call for Rate
 Used over $5,000 to 60 Months .............................. 6.75%
 Used under $5,000 to 48 Months ........................... 6.75%               Home Improvement
                                                                                Fixed to 7 years ....................................................... 9.25%
 VISA Credit Card                                  Purchases / Cash Advances    Variable to 12 years — Prime plus 2% ..................... 8.00%
 Platinum ................................................. 8.00% / 10.00%
 Gold ....................................................... 13.00% / 14.00%   Rates are based on individual credit score and were current at time of printing. Please
                                                                                call the Financial Plus at (810) 244-2200 or (800) 748-0451 for current rates and to
 Classic .................................................... 14.00% / 15.00%   further discuss the best lending service for your specific needs.
Fee Schedule ...                                                                Returned Deposit or Payment Item .......... $10.00 each                            Wire Transfer – Domestic ....................... $15.00 each
                                                                                  (Check or other item deposited or accepted as payment which has been                            – International ................... $30.00 each
Share Draft Checking                                                               returned by the issuing financial institution.)
                                                                                                                                                                   Credit Union to Credit Union Transfer .......... $3.00 each
Non-Sufficient Funds (NSF) ..................... $25.00 each                    Money Orders / Cashier’s Check
                                                                                                                                                                   Processing Western Union ......................... $3.00 each
Paid Overdraft Item* ............................... $25.00 each                  Stop Payment (Restrictions apply.) ............ $25.00 each                        (Plus the fee charged by Western Union.)
* The categories of transactions for which an overdraft fee may be imposed      Processing Coin (loose or rolled) .......... 5% of amount
  are those by any of the following means: check or other electronic means.                                                                                        Notary Service .......................................... $5.00 each
                                                                                  (Exempt for up to 5 rolls. Fee waived for the first $200.00 of coin                (Exempt for items directly related to FPFCU transactions.)
Overdraft Transfer (from Savings or Hi-Yield) ..... $3.00 each                     deposits each calendar year.)
                                                                                                                                                                   Signature Guarantee ................................ $10.00 each
Check Stop Payment ............................... $25.00 each                  Statement Copy ........................................ $3.00 each
                                                                                                                                                                   Processing Garnishment, Levy, Court Order . $40.00 each
Collection Item Fee .................................. $25.00 each              Account History (Since last statement.) ............. $3.00 each
                                                                                                                                                                   Verification of Assets/Deposits .................. $5.00 each
Check Printing (prices vary based upon style selected.)                         Returned Statement ................................... $3.00 each                  State Lien on Child Support ............................... varies
Check Copy ............................................... $3.00 each             (Statement returned due to invalid address.)
                                                                                                                                                                     (The lesser of 10% of the lien withholding with a minimum of $40.00
Benefits Plus Checking Fee ..................... $5.95/month                    Dormant Account ............................... $2.00 per month                       and maximum of $100.00.)
                                                                                  (Applies to accounts with less than $250 on deposit and no account               Credit Card Late Fee – balance $500 or less ................ $15.00
Benefits Plus Early Termination ......................... $25.00                   activity in the previous 12 months. Fee waived for minor accounts.)
  (Applied if a member closes their Benefits Plus account                                                                                                          Credit Card Late Fee – balance more than $500 ............ $29.00
   within 6 months of enrollment in Benefit Plus.)
                                                                                Membership Termination Fee ............. Balance of Acct.                          Credit Card Over-the-Limit Fee – balance $500 or less ..... $15.00
                                                                                  (If the account balance stays under par value [$5.00] for 45 days, the
BillPay Plus Fee                                                                   account will be closed and fee will be equal to the remaining balance.)         Credit Card Over-the-Limit Fee – balance more than $500 . $29.00
    Pay 4 or more bills per month ................. no charge                   ATM Transactions & Inquiries ..................... $1.25 each                      Line-of-Credit Over-the-Limit Fee ............. $25.00 each
    Pay less than 4 bills per month ........... $3.00/month                       (Only after 16 per month. Charged to the account of transaction/                 Line-of-Credit Check Stop Payment ......... $25.00 each
     (Monthly fee waived through 3/31/2008.)                                       inquiry at the time of the transaction/inquiry. Purchases [POS                  Non-Sufficient Funds (NSF) Loan Check .. $25.00 each
Account Reconcilement and Research ...... $25.00/hour                              transactions] excluded.)                                                        Documentation Fee to Refinance
  (Minimum of $12.50.)                                                          Replacement ATM, Debit or Credit Card ...... $5.00 each                             an Existing FPFCU Loan ......................... $20.00 each
                                                                                ATM, Debit or Credit Card Foreign Transaction Fee                                    (Exempt if an additional $500 or more is borrowed as part of the refinance.)
Automated Clearing House (ACH) Transactions                                        If transaction is outside U.S. in foreign currency .... 1% of amount            Loan Extension or Postponement ............. $25.00 each
Non-Sufficient Funds (NSF) ..................... $25.00 each                       If transaction is outside U.S. in U.S. currency ....... .8% of amount           Lien Perfection .......................................... actual cost
ACH Stop Payment .................................. $25.00 each                 Telephone Transfers ................................... $3.00 each                 UCC-1 Filing .............................................. actual cost
                                                                                  (Only if transaction is accessible on ATM, Touch Tone Teller, or HFS.
                                                                                   Fee waived for Founders Club members.)                                          Discharge a Mortgage ............................. actual costs
Other Fees (Applicable to all accounts)                                         Processing an Account Number Change ............ $25.00                            Mortgage Refinance ....................................... $350.00
Check Cashing .......................................... $3.00 each               (Member request that requires changing account numbers.)                           (If less than $10,000 additional money financed.)
  (Fee waived if member has $250 or more on deposit, or has an active loan      Reopen Charged-off, Negative-balance Account .... $25.00                           Mortgage Refinance ....................................... $250.00
   or VISA, or has an active checking account, or the member is a minor.)
                                                                                Closing an Account within 90 days of opening .... $5.00                              (If $10,000 or more additional money financed.)
“Friendship” Check Cashing ....................... $3.00 each                   Safe Deposit Box Rental                                                            Review of Existing Appraisal ................... $100.00 each
  (Using your account to cash a check made payable to someone else.)              (10% discount to Founders Club members.)                                         Mortgage Subordination Agreement ....... $100.00 each
Money Orders* ......................................... $2.00 each                  3 x 5 $20/year                     5 x 10 $40/year                             Mortgage – Waive Escrow Requirement ......... $250.00
Cashier’s Checks* .................................... $2.00 each                   3 x 10 $30/year                  10 x 10 $70/year                                (Requires at least 40% equity.)
* Founders Club members will be charged $1.00 each
  for Money Orders and Cashier.
                                                                                Safe Deposit Box – Replacement Key ...... $10.00 each                              Mortgage Closing ........................................... $250.00
                                                                                Safe Deposit Box – Drill Fee ................... $130.00 each

Important Information About Share Accounts … (Regular Share, Share Draft Checking, and Miscellaneous, Christmas Club, IRA and Education Savings Accounts)
Rate Information and Nature of Dividends. These are variable rate accounts on which the dividend rate and              Balance Information. There is no minimum balance requirements, except the Regular Share Account has a
Annual Percentage Yield (APY) may change every month as determined by the Credit Union. Rate changes are               minimum opening balance requirement of $5.00, which must be maintained to continue membership eligibility.
solely at the discretion of the Credit Union and there are no limitations on the amount the rate may change.           This $5.00 deposit must remain in the Regular Share Account to be eligible for other accounts and services
Dividends are paid from current income and available earnings after required transfers to reserves at the end          at the Credit Union. We reserve the right to adjust the minimum balance requirements from time to time. If you
of the dividend period. Refer to our current Investment Rates schedule for the current anticipated dividend rate       do not maintain any such minimum balance in the account, we may assess a fee. Refer to our Fee Schedule
and Annual Percentage Yield (APY).                                                                                     for more information regarding this fee. Dividends will begin to accrue on the business day you deposit non-
Compounding and Crediting. Dividends are calculated by the daily balance method, which applies a daily                 cash items (i.e. checks) to your account.
periodic rate to the balance in the account each day. Dividends are compounded and credited to your account            Transaction Limitations. Transfers and withdrawals made by telephone, by Touch Tone Teller, by Home Finan-
on the last day of each quar ter, except Christmas Club accounts which have an additional dividend payment             cial Services, by transfer to an authorized third par ty, or to cover share draft overdrafts will be limited to six such
on the last day of October. Dividend payment periods are from January through March, April through June, July          transfers per month. If the transfer limitations set for th are exceeded, the account is subject to closure. Credit
through September, and October through December (October and November through December for Christmas                   Union bylaws reserve the right to require a member intending to make a withdrawal from the account to give
Club accounts). If you close your account before dividends are paid, you will not receive the accrued dividends.       written notice of such intent up to sixty (60) days before such withdrawal.

Important Information About Hi Yield and Hi Yield Plus Accounts …
Rate Information and Nature of Dividends. Hi-Yield and Hi-Yield Plus Accounts are variable rate accounts on            the maintenance of an active checking account in good standing, with direct deposit regularly posted to the
which the dividend rate and Annual Percentage Yield (APY) may change weekly as determined by the Credit                account, or (2) a minimum of $10,000.00 new money (funds not currently on deposit with the Credit Union)
Union. Rate changes are solely at the discretion of the Credit Union and there are no limitations on the amount        at the time the account is opened. Balances below $1,500.00 in the Hi-Yield Account earn no dividends and
the rate may change. Dividends are paid from current income and available earnings after required transfers            balances below $50,000.00 in the Hi-Yield Plus Account earn the declared dividend rate and APY set for the
to reserves at the end of the dividend period. Refer to our current Investment Rates schedule for the current          Regular Share Account with balances of $3,000.00 and over. If you do not maintain any such minimum deposit
anticipated dividend rate and Annual Percentage Yield (APY).                                                           balance requirement we may charge you a monthly maintenance fee (see the Rate and Fee Schedule for a list
Compounding and Crediting. Dividends are calculated by the daily balance method, which applies a daily                 of fees). We reserve the right to adjust the minimum balance requirements from time to time. Dividends will
periodic rate to the balance in the account each day. Dividends are compounded and credited to your account            begin to accrue on the business day non-cash items (i.e. checks) are deposited to the account.
on the last day of each month. The dividend payment period begins on the first day of the calendar month and           Transaction Limitations. Transfers and withdrawals made by telephone, by Touch Tone Teller, by Home Finan-
continues through the last day of the calendar month. If you close your account before dividends are paid, you         cial Services, by transfer to an authorized third party, or to cover share draft overdrafts will be limited to six such
will not receive the accrued dividends.                                                                                transfers per month. If the transfer limitations set forth are exceeded, the account is subject to closure. Credit
Balance Information. There is a minimum opening balance requirement of $1,500.00 for the Hi-Yield account.             Union bylaws reserve the right to require a member intending to make a withdrawal from the account to give
There is a minimum opening balance requirement of $50,000.00 for the Hi-Yield Plus account, as well as (1)             written notice of such intent up to sixty (60) days before such withdrawal.

Important Information About Share Certificate Accounts, Including IRA and Special Rate Certificate Accounts
Rate Information and Nature of Dividends. Certificates are fixed rate accounts on which the dividend rate and          maturity date. If the Certificate is not renewed, at maturity, the funds will be transferred to your Regular Share
Annual Percentage Yield (APY) are fixed for the term of the Certificate. Dividends are paid from current income        Account in the Credit Union, or other account designated by you. If there is no such account at the time, the
and available earnings after required transfers to reserves at the end of the dividend period. Refer to our current    balance will be deposited to an Accounts Payable until such time as you can be reached and disposition of
Investment Rates schedule for the current anticipated dividend rate and Annual Percentage Yield (APY).                 the Cer tificate is determined.
Compounding and Crediting. Dividends are calculated by the daily balance method, which applies a daily periodic        Transaction Limitations. After a Certificate is purchased, you may generally not make deposits into or withdraw
rate to the balance in the account each day. Dividends are compounded and credited to your account on the last         principal from that Certificate until the maturity date. If a withdrawal of principal must be made prior to maturity,
day of each quarter. Dividend payment periods are from January through March, April through June, July through         the entire account balance must be withdrawn. In addition, an early withdrawal penalty will be assessed. Credit
September, and October through December. If you close your Certificate before interest is credited, accrued interest   Union bylaws reserve the right to require a member intending to make a withdrawal from the account to give
will be paid to date less any early withdrawal penalty, if applicable. Refer to Early Withdrawal Penalty below.        written notice of such intent up to sixty (60) days before such withdrawal. Certificates may not be pledged,
Balance Information. There is a minimum opening balance requirement of $500.00 for all Certificates, except            transferred, or assigned to any party other than the Credit Union.
Special Rate Cer tificates, in which the minimum opening balance requirement is $5,000.00 new money (funds             Early Withdrawal Penalty. A substantial penalty is imposed if Cer tificate funds, other than dividends, are
not currently on deposit with the Credit Union) for members with a Financial Plus checking account and direct          withdrawn prior to the original or subsequent renewal maturity date. If an early withdrawal reduces the principal
deposit ($10,000 without a Financial Plus checking account and direct deposit), and you must also maintain             balance below the original Cer tificate amount or below the Cer tificate amount of a subsequent renewal, the
a basic membership share of $5.00 on deposit in your Regular Share Account to retain a Cer tificate account.           Certificate will be canceled, and a forfeiture will be imposed equal to the value of 90 days dividends on the
Dividends will begin to accrue on the business day you deposit non-cash items (i.e. checks) to your account.           entire amount evidenced by the Cer tificate if the current term is one year or less, or the value of 180 days
Renewal Policy. All Certificate accounts will automatically be renewed on the initial or any subsequent renewal        dividends on that amount if the current term is more than one year. In any case of early withdrawal, if accrued
maturity date, unless otherwise directed by you, or the Credit Union shall, prior to maturity, give you written        dividends are not sufficient to cover the applicable penalty, the penalty will result in the loss of all dividends
notice that it will not be renewed. The dividend rate and Annual Percentage Rate (APY) to be paid upon renewal         earned. If a Certificate is withdrawn within the first six days following the original deposit date, the penalty will
shall be determined by the Credit Union at or before maturity, and written notice of the renewal rate shall be         be equal to seven (7) days interest, and shall be deducted from the principal of the Cer tificate if accrued
mailed to you no later than two (2) business days after maturity. All other terms and conditions, including the        dividends are insufficient to cover the penalty. These penalties do not apply in these cases: (1) withdrawals
length of the term of the Certificate, shall be the same as the original Certificate unless the Credit Union shall,    after the death of any owner of the Cer tificate; (2) if the Certificate is part of an Individual Retirement Account,
prior to maturity, give written notice of a change in such terms and conditions. There is a seven (7) day grace        and the withdrawal is made as required by the Internal Revenue Code after attaining age 70½, or withdrawals
period for withdrawals from the Certificate after it matures. If the Certificate is withdrawn on its maturity date     following the par ticipant owner(s) death or disability; (3) withdrawals resulting from the voluntary or involun-
or within seven (7) days thereafter, no penalty shall be imposed but no dividends shall be earned after the            tary liquidation of this Credit Union.

                                                                                                    .O.
                                                                                                   P Box 7006 • Flint, Michigan 48507-0006 • (810) 244-2200 or (800) 748-0451 • www.FinancialPlusFCU.org
                                                                                                               Offices: G-3381 Van Slyke Road, Flint • G-5256 Corunna Road, Flint Township
                                                                                                                         G-7048 Miller Road, Swartz Creek • 15125 Silver Parkway, Fenton

				
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