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Loans | Mortgage | Savings | Certificates
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Rates are subject to change at any time.
Please note that listed beside LOAN types, RATES, APR, and TERM we have provided a calculator so you can enter your specfic variables such as amount borrowed, rate , and term to calculate your monthly repayment note due the credit union.
Example: For a New Auto 24 Month Loan the monthly payments would be $44.43 per $1,000 borrowed. For a New Auto 36 Month Loan the monthly payments would be $30.63 per $1,000 borrowed. For a New Auto 48 Month Loan the monthly payments would be $23.74 per $1,000 borrowed. For a New Auto 60 Month Loan the monthly payments would be $19.64 per $1,000 borrowed. These are examples used for Regulation Z compliance purposes only. You can use the calculator to find exact figures on the true dollar amounts you want to borrow by clicking on the Calculator button to the far right of any column.
Please note that all loans listed are closed end loans, and the APR or Interest Rate WILL NOT change after the consummation of the loan.
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*APR = Annual Percentage Rate
All Consumer loan interest rates are the same as the stated APR, because there are no up front fees such as application fees, credit report fees, etc. charged that could affect the calculation of the APR. All consumer loans do have late charge feature which is: If a loan payment is made more than 10 days after the due date a late charge of $15.00 will be accessed to your account. Late fees can effect the total interest you pay over the life of the loan.
All rates subject to change at any time.
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1st Mortgage Real Estate Loans available now. (All Real Estate Applications have to be made in person at the Credit Union Offices. Real Estate applications are not taken over the internet.) Your Credit Union now offers interim financing for that new construction loan.
Call Christy Moore or Renee Hill our Loan Specialists at 477-9190 for more information. First mortgage real estate loans do require appointments, because of the nature of the application and the amount of information that is required to be gathered before processing can begin. The credit union will move as fast as possible for it's members, but all necessary information is needed so our Loan Specialist would appreciate your cooperation.
In house real estate loans up to 20 year financing. Secondary Market real estate loans up to 40 year financing available for qualified borrowers. Thank You.
| Rate |
Points |
APR* |
| Call |
Call |
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2nd Mortgage Real Estate Loans availble.
Call Christy Moore or Renee Hill at 477-9190 for more information
| Rate |
Points |
APR* |
| Call |
Call |
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Land Only and Lot loans also available now(80% of selling price or appriasal whichever is least)
| Rate |
Points |
APR* |
| Call |
Call |
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*APR = Annual Percentage Rate
All real estate mortgage loan rates subject to change at any time due to market changes. Call Christy Moore or Renee Hill for more information about your particular needs at 477-9190. At the present time all mortgages offered by Southwest Louisiana Credit Union are fixed rate mortgages.
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| Savings |
Dividend Rate |
APY* |
Term |
| Share Savings |
0.500 |
0.500 |
n/a |
| Share Savings IRA Account |
1.500 |
1.510 |
n/a |
| Christmas Club and Vacation Club Accounts |
3.940 |
4.000 |
n/a |
| Share Draft Checking Accounts |
0.250 |
0.250 |
n/a |
| Mud Bug Club "minor" Share Savings Account |
0.500 |
0.500 |
n/a |
*APY = Annual Percentage Yield
To receive stated APY funds must remain in accounts for entire Dividend period. Fees can reduce the earning on the account. The minimum balance to earn dividends in a share account, share draft checking account and a mud bug club minor share savings account is $25.00. Dividend periods are defined as the 4 quarters of a year - First Quarter is January 1st to March 31st, Second Quarter is April 1st to June 30th, Third Quarter is July 1st to September 30th, and Fourth Quarter is October 1st to December 31st. Rates presently shown are rates paid the Second Quarter as of Last Declared Dividend date June 11, 2008. Minimum amounts required to open a Regular Share Savings account,or a Regular Share Draft Checking Account is $25.00. A Regular Christmas Club Account can be opened with as little as $25.00 and there is no minimum balance requirement to earn a dividend. A Mud Bug Club "minor" Share Savings Account can be opened with as little as $30.00. Dividends are declared from earnings of the credit union at the last Board meeting of the Quarter.
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| Certificates |
Dividend Rate |
APY* |
Term |
| 90 Day Super Saver Certificate |
2.630 |
2.660 |
3 |
| 6 Month Certificate |
2.700 |
2.730 |
6 |
| 1 Year Certificate |
2.960 |
3.000 |
12 |
| 2 Year Certificate |
3.100 |
3.140 |
24 |
| 3 Year Certificate |
3.300 |
3.350 |
36 |
| 6 Month Traditional IRA Certificate |
3.300 |
3.350 |
6 |
| 1 Year Traditional IRA Certificate |
3.300 |
3.350 |
12 |
| 2 Year Traditional IRA Certificate |
3.300 |
3.350 |
24 |
| 3 Year Traditional IRA Certificate |
3.300 |
3.350 |
36 |
| 6 Month ROTH IRA Certificate |
3.300 |
3.350 |
6 |
| 1 Year ROTH IRA Certificate |
3.330 |
3.350 |
12 |
*APY = Annual Percentage Yield
A dividend penalty will be imposed for early withdrawals.Minimum balance to open a regular 6 month, 1 year, 2 year, 3 year Certificate is $500. Minimum balance to open a 90 Day Super Saver Certificate is $1000. APY can be reduced by an early withdrawal. Date of last declared dividend rate for Certificates will be the date of the Monthly Board Meeting before the 1st of each month to go into effect the 1st day of the next month. All Term Share Certificate of Deposits accure dividends daily with the dividends being added to the principal and compounded monthly. You may receive monthly checks or allow interest to earn full APY by leaving dividends in Term Share Certificates for the full term.
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