Rates & Fees

Vehicle Loans

Rates as of August 1st, 2017

VEHICLE LOANS New and Used 2006-2017

Autos, Motorcycles

APR* as low as Term 2 Payment example
3.25% ** 36 months $291.93
3.75% ** 60 months $183.06
4.50% ** 72 months $158.76
5.00% ** 84 months $141.36

*APR=Annual Percentage Rate. **Rate disclosed with an asterisk (**) represents the lowest possible APR for that Auto Loan. Rate based on credit worthiness, term and other conditions. Contact us to determine your qualifying APR. Secured loan terms between 61 – 72 months – $10,000 minimum amount financed. Secured loan terms between 73 – 84 months – $20,000 minimum amount financed. Rates for vehicles older than 12 model years or over 120,000 miles will be higher than those shown below.  ²Payment example given is the monthly payment per $10,000 borrowed for the rate and term specified. A .25% discount off your qualifying APR is available. Member must enroll in auto payment to qualify for the .25% discount. The minimum rate with any discount is 3.25% APR.

Boats, RVs, Trailers, etc.

APR* as low as Term 2 Payment example
4.50% ** 0-60 months $186.45
5.50% ** 61-72 months $163.40
5.75% ** 73-84 months $144.91
6.75% ** 85-120 months $114.85

*APR=Annual Percentage Rate. **Rate disclosed with an asterisk (**) represents the lowest possible APR for that loan. Rate based on credit worthiness, term and other conditions. Contact us to determine your qualifying APR. Secured loan terms between 61 – 72 months – $15,000 minimum amount financed. Secured loan terms between 73 – 84 months – $20,000 minimum amount financed. Secured loan terms between 85 – 120 months – $30,000 minimum amount financed. ²Payment example given is the monthly payment per $10,000 borrowed for the rate and term specified. A .25% discount off your qualifying APR is available. Member must enroll in auto payment to qualify for the .25% discount. The minimum rate with any discount is 4.50% APR.

Use the Loan Calculator to estimate your monthly payment.

Personal Loans

Rates as of August 1st, 2017

PERSONAL LOANS

*APR=Annual Percentage Rate. **Rate disclosed with an asterisk (**) represents the lowest possible APR for a Personal Loan. Rate based on credit worthiness, term and other conditions. Contact us to determine your qualifying APR. ²Payment example given is the monthly payment per $1,000 borrowed for the rate and term specified. A .25% discount off your qualifying APR is available. Member must enroll in auto payment to qualify for the .25% discount.

APR* as low as Term 2 Payment example
7.50% ** 60 months $20.05

Use the Loan Calculator to estimate your monthly payment.

 

SHARE SECURED LOANS

*APR=Annual Percentage Rate. ²Payment example given is the monthly payment per $1,000 borrowed for the rate and term specified. A .25% discount off your qualifying APR is available. Member must enroll in auto payment to qualify for the .25% discount. The minimum rate with any discount is 3.25% APR.  

APR* Term 2 Payment example
3.25% 36 months $29.20
3.75% 60 months $18.31
4.50% 72 months $15.88
5.00% 84 months $14.14

Use the Loan Calculator to estimate your monthly payment.

 

ADDITIONAL LOANS

Loan Type APR*
Overdraft Protection Loans 12.00%

*APR = Annual Percentage Rate. All loan rates subject to change without notice. All loans are subject to credit approval. Certain terms and conditions may apply. Americo FCU membership is required. Membership Share $5.00 par value (par value is not a fee). Contact a loan officer for additional information at (814) 899-6608. Finance charge based off of APR and total loan amount ($1000.00 max).

 

Loan Type APR*
MasterCard Credit Card No annual fee 6.75% to 18.00% when you open your account, based on your creditworthiness

*APR=Annual Percentage Rate. Your APR will be based on your creditworthiness at the time you open your account. Americo FCU membership is required. Membership Share $5.00 par value (par value is not a fee). All loan rates subject to change without notice. All loans are subject to credit approval. Certain terms and conditions may apply. Americo FCU membership is required. Membership Share $5.00 par value (par value is not a fee). Contact a loan officer for additional information at (814) 899-6608.

Click here to get your credit card application started

 

Mortgage Loans

Rates as of August 1st, 2017

MORTGAGE LOANS

Mortgage loans are limited to primary residences located in Erie and Crawford Counties in PA. Property insurance is required. Mortgage application fees from $500 to $650 apply. Maximum loan-to-value of 80%. Other restrictions may apply. Interest on mortgage loans may be tax deductible, consult a tax advisor. Contact loan department for additional information. Americo FCU membership is required. Membership Share $5.00 par value (par value is not a fee). For more information on mortgage interest rates, limits, or fee schedule, please contact the loan department at (814) 899-6608. Americo Federal Credit Union is an Equal Housing Lender licensed by the National Licensing System under NMLS #565406.

First Mortgage (Fixed rate)

APR* 80% equity Term Payment Example²
3.75% up to 10 years $100.08
3.75% up to 15 years $72.74

*APR = Annual Percentage Rate ²The payment example given is the monthly payment per $10,000.00 borrowed for the rate and term specified and does not include taxes and insurance premiums. Your payment may be greater. Use the Loan Calculator to estimate your monthly payment.  

Second Mortgage (Fixed rate, closed-end loan)

APR* 80% equity Term Payment Example²
3.99% 60 months $184.15
4.49% 120 months $103.62
4.99% 180 months $79.06

*APR = Annual Percentage Rate. Minimum loan amount is $10,000.00 ²The payment example given is the monthly payment per $10,000.00 borrowed for the rate and term specified and does not include taxes and insurance premiums. Your payment may be greater. Use the Loan Calculator to estimate your monthly payment.

Home Equity (Variable rate***, open-end loan)

APR* 80% equity Term Payment Example²
4.25% up to 120 months $102.46

*APR = Annual Percentage Rate Minimum loan amount is $10,000.00. ***Home Equity Loans are variable rate loans – rate based on Prime Rate published in the Wall Street Journal, plus or minus an index. Rate is subject to change quarterly. The annual percentage rate may increase after consummation of the Home Equity Line of Credit. The maximum annual percentage rate for a Home Equity Line of Credit that can apply is 18.00% or the maximum permitted by law, whichever is less – the minimum floor annual percentage rate that can apply is 1.00%. Property insurance is required. Americo FCU membership is required. Application fees from $500 to $650 apply. Membership Share $5.00 par value (par value is not a fee). Interest on mortgage loans may be tax deductible, consult your tax advisor. For more information on mortgage interest rates, limits or fee schedules, please contact the loan department. ²The payment example given is the monthly payment per $10,000 borrowed for the rate and term specified and does not include taxes and insurance premiums. Your payment may be greater. Use the Loan Calculator to estimate your monthly payment.  

 

Share Rates

Share Rates as of October 23rd, 2017
Share Certificate Rates as of November 15th, 2017

Share/Savings Accounts

Account Type Dividend Rate APY* Minimum Balance
Share/Savings 0.10% 0.10% $5.00
Share Draft/Checking 0.05% 0.05% none
Club Accounts 0.10% 0.10% none
IRA’s (Individual Retirement Accounts) 0.25% 0.25% none

*APY = Annual Percentage Yield All rates subject to change without notice. Membership Share $5.00 par value (par value is not a fee). Minimum balance is to earn APY.

Money Market Accounts

Money Market Accounts Dividend Rate APY*
Tier 1 – $2,500 – $9,999 .15% .15%
Tier 2 – $10,000 – $49,999 .25% .25%
Tier 3 – $50,000 – $99,000 .30% .30%
Tier 4 – $100,000 + .35% .35%

*APY = Annual Percentage Yield. Money Market accounts require a minimum deposit of $2,500.00 to open the account and a minimum balance of $2,500.00 to earn APY. Money market rates increase at the following tiers: $10,000 – $50,000 – $100,000+. Dividends are calculated and paid monthly based on the average daily balance during the month. If the balance falls below the minimum balance, no dividend will be paid for that month. Dividends post to the Money Market account. All rates subject to change without notice.  

Share Certificates

Share Certificate Term Dividend Rate APY* Minimum Deposit & Balance
12 month .60% .60% $500
18 month .70% .70% $500
24 month 1.05% 1.05% $500
36 month 1.21% 1.21% $500
48 month 1.51% 1.51% $500
60 month 1.76% 1.76% $500

*APY = Annual Percentage Yield. Share Certificate rates are fixed at time of purchase. Dividends do not compound on the share certificate. Dividends are paid into member’s primary share (01) account. Credit Union may impose a penalty for early withdrawal. All rates subject to change without notice. Minimum balance is to earn APY.

IRA Share Certificates

IRA Share Certificate Term Dividend Rate APY* Minimum Deposit & Balance
12 month .60% .60% $500
24 month 1.05% 1.05% $500
36 month 1.21% 1.21% $500
48 month 1.51% 1.51% $500
60 month 1.76% 1.76% $500

*APY = Annual Percentage Yield. IRA Share Certificate rates are fixed at time of purchase. Dividends do not compound on the IRA share certificate. Dividends are paid into member’s IRA accumulation account. Credit Union may impose a penalty for early withdrawal.  Share Savings Accounts: Regular Share Savings Accounts require a minimum balance of $5.00.  Penalty imposed for early withdrawal on Share Certificates and IRA Share Certificates. All rates are subject to change without notice. Fees may reduce earnings on the account(s). Dividends are paid from current income and available earnings after required transfers to reserves at the end of the dividend period. Rates effective as of the date shown above. All rates are subject to change without notice. Contact Americo FCU for current rates, applicable terms and fees.

 

Fees

Effective September 29th, 2016

As a condition of membership, you must purchase and maintain the minimum required share(s) as set forth below. Par Value of One Share – $5.00 Number of Shares Required – 1

IRA SHARE ACCOUNT FEES

IRA Account Closure $25.00/account(if closed within 1 year of opening)
IRA Account Outgoing Transfer $25.00 / request

SHARE DRAFT ACCOUNT FEES

Nonsufficient Funds $28.00
Courtesy Pay $28.00 with a maximum of 4 charges per day. **
Returned Item $28.00 / item
Stop Payment $25.00 / request $25.00 / block of checks
Copy of Paid Share Draft $3.00 / item
Overdraft Transfer $10.00, 1 free per month
Bill Payer $5.75 / month
Recurring Debit Overdraft $28.00
Inactivity Fee $5.00/month after 6 months of inactivity

OTHER SERVICE FEES

Wire Transfer: Incoming
Outgoing

International
$10.00/transfer
$15.00 / transfer
$35.00 / transfer
Western Union: Within the U.S. $15.00 / transfer
Money Order $2.00 / money order
Money Order stop payment $15.00
Account reconcilement $20.00 / hour ($10.00 minimum charge)
Account research $20.00 /hour ($10.00 minimum charge)
Account activity printout $3.00 / printout
Deposited item return $28.00 / item
Dormant account $5.00 /month, after 24 months of no account activity
Copy of statement $3.00 / statement
Overdraft $28.00 / item
Courtesy Pay $28.00 with a maximum of 4 charges per day.
Return item $28.00 / item
Share draft printing $10.00 / year if statement is returned undeliverable with no forwarding address
Overdraft Transfer $10.00 / transfer
VISA Gift Card $2.50 each
Account verification processing $10.00 / verification
Postal address service correction $5.00 / account
Canadian check processing $10.00, does not include exchange rate
Court order / legal / tax levy $35.00
Shared Service Center Access $2.00 / account per visit
Non-member check cashing $2.00

EFT FEES

ATM Withdrawal/transfer $1.00/transaction, 8 free per month (waived for transactions at Proprietary ATMs)
Card Replacement $5.00 / card ($10.00 effective 12/01/2017)
ACH Overdraft $28.00 / item
Courtesy Pay $28.00 with a maximum of 4 charges per day.
ATM Inquiry $1.00 / inquiry
Online Banking: Stop Payment Return Items $25.00 $28.00
Overdraft Transfer $10.00 / transfer
Audio Response/Telephone Teller Calls $2.00 /call, after four (4) free per month

The rates and fees appearing on this Schedule are accurate as of the effective date shown above. If you have any questions or require current fee information on your accounts, please call the Credit Union.

**A maximum of four overdrafts will be covered per day for a maximum fee of $112.00 per day. Share draft accounts with a negative balance will be closed after 45 days. Must pass Chex systems report. Other restrictions apply. The credit union will provide a periodic statement disclosure regarding the total amount of overdraft fees and charges imposed on an account for the statement period and the calendar year-to-date.

Statutory Lien Notice. If you are in default on a financial obligation to Americo Federal Credit Union, Federal Law gives us the right to apply member shares, dividends and deposits in your account(s) at the time of default to satisfy the obligation. When you default, we may exercise the right without further notification to you. Further, we may impress shares of any member who is a responsible party on a financial obligation in default at the credit union.

 

We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act. NMLS#565406.