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Fee Schedule

Simply Service Federal Credit Union Rates
Shares, Certificate and IRA Rates as of June 15, 2016 

Student CD's available for ages 0 - 18 years, with minimum deposit of $100.00.
CD penalty of 60 days for early closure of 6 month term certificates.
CD penalty of 90 days for early closure of 12 month and higher term certificates.

*Rates are subject to change without notice
*Annual Percentage Yield
Term Rate *APY Rate Raiser Minimum Deposit
6 Months        
$500 - $24,999 0.20% 0.20% none $500.00
$25,000 and up 0.20% 0.20% none $25,000.00
12 Months        
$500 - 24,000 0.30% 0.30% none $500.00
$25,000 and up 0.30% 0.30% none $25,000.00
24 Months        
$1,000 - $24,999 0.40% 0.40% one $1,000
$25,000 and up 0.40% 0.40% one $25,000.00
36 Months        
$1,000 - $24,999 0.50% 0.50% one $1,000.00
$25,000 and up 0.50% 0.50% one $25,000.00
         
Share/Club Accounts Rate *APY   $5.00
$0 - $99 0.00% 0.00%    
$100 - $9,999 0.05% 0.05%    
$10,000 - $24,999 0.10% 0.10%    
$25,000 and up 0.15% 0.15%    
         
         
Peewee Penguin Club 1.00% 1.00%   $5.00
         
Holiday Club .10% .10%   $5.00
         
Century Accounts .075% .075%   $2,000
         
IRA Share Accounts .55% .55%   $25.00

 

 

Loan Rates effective January 5, 2018

Rates include a .50% discount. Available to members who maintain an active checking account with us and their loan payment is made by an automatic method (excluding unsecured loans).
Share/CD secured loan rates will be 2% higher than the current dividend earning rate.
Late Fee 5% of payment or $25.00, whichever is greater (effective June 1, 2011).

Maximum terms may be limited based on collateral mileage, condition and age.                                                             

Loans with a term of less than one year are subject to a $50 loan fee.         

Loan Payment Example: At 5.49% APR for 60 months with 0% down, monthly payments are calculated at $19.10 per $1,000 borrowed.

Not all borrowers will qualify for lowest APR or 0% down.

*Rates are subject to change without notice
Rates are shown as Annual Percentage Rate (APR)

 

Automobiles      

2018, 2017 models cars, pickups, vans

     
Term Premium A B C D E
24 months 2.19% 2.19% 2.74% 4.19% 7.99% 11.99%
36 months 2.64% 2.74% 2.99% 4.79% 8.24% 11.99%
48 months 2.64% 2.79% 3.29% 5.14% 8.49% 11.99%
60 months 2.74% 2.89% 3.49% 5.29% 8.99% 12.99%
72 months 2.99% 3.19% 3.69% 5.74% 10.99% 14.99%
84 months     5.14% 5.24% 5.49% 6.99% N/A     N/A
**Minimum amount financed of $25,000 to qualify for 84 months            
Automobiles            

2016, 2015, 2014 models cars, pickups, vans

   
Term Premium A B C D E
24 months 2.49% 2.74% 3.79% 4.79% 7.49% 11.99%
36 months 2.99% 3.14% 3.99% 5.49% 8.99% 13.99%
48 months 2.99% 3.14% 3.99% 5.69% 8.99% 13.99%
60 months 3.19% 3.24% 4.14% 5.99% 8.99% 13.99%
66 months 3.49% 3.49% 4.24% 6.19% 9.24% N/A
72 months 3.99% 3.99% 4.64% 6.49% N/A N/A
Automobiles            

2013, 2012, 2011 models cars, pickups, vans

   
Term Premium A B C D E
36 months 4.19% 5.19% 5.99% 6.99% 10.49% 13.09%
48 months 4.34% 5.34% 6.09% 7.09% 10.99% 13.99%
54 months 4.49% 5.49% 6.24% 7.24% 11.99% N/A
Automobiles            

2010 and older models cars, pickups, vans

     
Term Premium A B C D E
             
48 months 5.79% 6.79% 7.09% 8.74% 12.24% 16.99%
*Vehicles with 110,000 or more miles: No more than 36 month term
*Diesel vehicles with 110,000 or more miles: No more than 48 month term

Equipment

     
  Premium A B C D E
Up to 84 Months 5.15% 6.15% 7.15% 8.15% 9.15% 13.15%

Motor Homes, Campers, Travel Trailers, Boats

   
Term Premium A B C D E
36 months 3.74% 3.84% 3.99% 5.59% 9.39% 14.49%
60 months 4.49% 4.99% 5.74% 6.99% 10.49% 15.49%
84 months 4.99% 5.24% 5.99% 7.64% 11.14% 16.19%
96 months 5.19% 5.34% 6.09% 7.64% 11.14% 16.19%
120 months 5.19% 5.69% 6.34% 7.74% 11.24% 16.24%
144 months 6.10% 6.24% 6.89% 8.54% 12.24% 17.24%

Snowmobiles, All Terrain Vehicles, Personal Watercraft

   
Term Premium A B C D E
2018-2016 up to 60 months 3.49% 3.89% 4.89% 5.99% 9.24% 13.49%
2015-2012 up to 60 months 3.49% 3.89% 4.89% 5.99% 9.24% 13.49%
2011 and older up to 48 months 3.49% 3.89% 4.89% 5.99% 9.24% 13.99%
2011 and older 36 months     3.49% 3.89% 4.89% 5.99% 9.24% 13.99%

Motorcycles

           
Term Premium A B C D E

36 months

2.79% 3.29% 3.39% 5.24% 8.49% 13.99%

48 months

3.14% 3.49% 3.99% 5.59% 9.19% 14.29%

60 months

3.14% 3.49% 3.99% 5.59% 9.19% 14.29%

72 months

3.74% 3.74% 4.49% 6.24% 9.74% 14.74%

Unsecured Loans

     
Term Premium A B C D E
up to $5,000
up to 48 months/No Discount Applies
9.99% 9.99% 10.99% 13.24% 17.99% 17.99%

Overdraft Protection Loans

     
Term Premium A B C D E
Revolving/No Discount Applies 18.00% 18.00% 18.00% 18.00% 18.00% 18.00%

Home Improvement Loans ($5,000 maximum)

Term Premium A B C D E
0 - 60 months 5.49% 5.49% 5.74% 6.99% 11.99% NA

Home Equity Line of Credit (HELOC) Variable Rate

 
Term Premium A B C D E
up to 180 Months/5 year draw period

Prime -.25%

Prime - .25% Prime Prime + 0.50% Prime + 2.50% Prime + 2.50%

Manufactured Homes

 
Term Premium A B C D E
2017-2014 9.49% 9.74% 9.99% 11.24% 13.24% 15.24%
Up to 180 Months            
2013-2009 9.50% 9.74% 9.99% 11.24% 13.24% 15.24%
Up to 144 Months            
2008-2003 10.49% 10.74% 10.99% 12.24% 14.24% 16.24%
Up to 120 Months             
2002 & older 12.49% 12.74% 12.99% 14.24% 16.24% 17.99%
Up to 72 Months            
             
             
             
             
             

Share/CD Secured

Share/CD secured loans will be offered at 2% above the current dividend earning rate. CD secured loans will be made using a payment amortization with a balloon payment due at the CD's maturity. Share secured loans will be made with balloon payment due at the end of one year, then renegotiated at that time.
NCUA Insured Equal Housing Lender