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Loans | Mortgage | Savings | Certificates
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Consumer Loan Rates as of June 3, 2008 and subject to change at any time without notice.
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*APR = Annual Percentage Rate. All rates quoted are listed in percent.
Standard best rates listed are subject to type of loan and borrower's credit history (existing Telcom loans excluded). Rates offered to existing Telcom members, or Michigan residents who become members after June 3, 2008. Additional discounts may be available for automatic payment and minimum deposit levels. Terms listed are maximum terms. A processing charge of $200 assessed to refinance existing Telcom auto loan.Other conditions may apply.
Telcom Credit Union is an Equal Housing Lender.
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Real Estate Loan Rates as of July 1, 2008. Rates are subject to change at any time without notice. Rates are based on zero point programs. One and two point programs are available.
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First Mortgage - 30 Year Fixed Rate (Jumbo Loans Available----see below)
| Rate |
Points |
APR* |
| 6.500 |
0 |
6.560 |
First Mortgage - 20 Year Fixed Rate (Jumbo Loans Available----see below)
| Rate |
Points |
APR* |
| 6.500 |
0 |
6.571 |
First Mortgage - 15 Year Fixed Rate(Jumbo Loans Available----see below)
| Rate |
Points |
APR* |
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6.125
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0 |
6.213 |
First Mortgage - 10 Year Fixed Rate (Jumbo Loans Available----see below)
| Rate |
Points |
APR* |
| 6.000 |
0 |
6.119 |
First Mortgage - 1/1 ARM (Jumbo Loans Available----see below)
| Rate |
Points |
APR* |
| 5.000 |
0 |
5.626
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First Mortgage - 3/1 ARM (Jumbo Loans Available----see below)
| Rate |
Points |
APR* |
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5.250
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0 |
5.400
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First Mortgage - 5/1 ARM (Jumbo Loans Available----see below)
| Rate |
Points |
APR* |
| 5.625 |
0 |
5.526 |
First Mortgage - 7/1 ARM (Jumbo Loans Available----see below)
| Rate |
Points |
APR* |
| 5.875 |
0 |
5.683 |
First Mortgage - 10/1 ARM(Jumbo Loans Available----see below)
| Rate |
Points |
APR* |
| 6.000 |
0 |
5.840 |
Home Equity Line of Credit (HELOC) Rates as low as:
| Rate |
Points |
APR* |
| 4.49** |
0 |
4.490 |
Home Equity Fixed Installment Loan Rates as low as:
| Rate |
Points |
APR* |
| 6.250 |
0 |
6.367 |
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*APR = Annual Percentage Rate
The APRs shown are based on a $100,000 loan with 20% down payment, applicable fees, and 15 days of prepaid interest. Prepaid interest can vary depending upon the date of closing.
**Introductory rate is for new HELOCs only. Rate is applicable for HELOC applications submitted through July 31, 2008 and in effect through October 31, 2008. After October 31, 2008 the rate will adjust quarterly based on the Prime Rate as published by the Wall Street Journal. Rate is best standard rate available and is subject to borrower's credit history.
Fixed Rate and Adjustable Rate Mortgages "conform" to the limits and criteria set by FNMA / FHLMC. Our current single family loan limit is $417,000.
Jumbo Loans in excess of $417,000 up to $1 million are available. Please call 800-356-7465 for details and our competitive rate quote.
85% Loan to Value No PMI Program available. Please call 800-356-7465 for details.
Cash-out Refinance with no extra cost available. Please call 800-356-7465 for details.
We do business in accordance with the Federal Fair Housing Law (The Fair Housing Amendments Act of 1988). Anyone who feels he or she has been discriminated against may file a complaint of housing discrimination:
1-800-669-9777 (Toll-Free)
1-800-927-9275 (TDD) U.S. Department of Housing and Urban Development
Assistant Secretary for Fair Housing and Equal Opportunity, Washington, D.C. 20410. Telcom Credit Union is an Equal Housing Lender.
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Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period. Savings rates are declared at the end of each month. These rates are subject to change without notice at any time. Rates as of June 1, 2008.
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| Savings |
Minimum Balance |
Dividend Rate |
APY* |
| Regular Share Savings |
$5
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0.495 |
0.50
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| Christmas Club |
$5
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0.495 |
0.50 |
| Soccer Savings |
$1
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1.980 |
2.00 |
| Money Management Account (MMA) - Balances $0 - $2,499.99 |
$0
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0.000
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0.00 |
| MMA - Balances $2,500 - $19,999.99 |
$2,500
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0.995 |
1.00 |
| MMA - Balances $20,000 or more |
$20,000
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1.490 |
1.50 |
| Elite MMA - Balances under $50,000 |
$0
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0.995
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1.00
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| Elite MMA - Balances $50,000 - $99,999.99 |
$50,000
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1.980
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2.00 |
| Elite MMA - Balances $100,000 or more |
$100,000
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2.175
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2.20 |
| Premier Checking - Balances $1,000 - $4,999.99 |
$1,000
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0.195
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0.20 |
| Premier Checking - Balances $5,000 or more |
$5,000
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0.345 |
0.35 |
| Business Checking - Balances from $2,500 to $9,999.99 |
$2,500
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0.245 |
0.25 |
| Business Checking - Balances from $10,000 to $19,999.99 |
$10,000
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0.395 |
0.40 |
| Business Checking - Balances $20,000 or more |
$20,000
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0.745 |
0.75 |
| Individual Retirement Account - Balances $0.00 - $2,499.99 |
$2,500
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0.495 |
0.50 |
| Individual Retirement Account - Balances $2,500 - $19,999.99 |
$2,500
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0.745 |
0.75 |
| Individual Retirement Account - Balances $20,000 or more |
$20,000
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1.245 |
1.25 |
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*APY = Annual Percentage Yield. Fees could reduce the earnings on the account.
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Certificate rates are subject to change without notice at any time. Rates as of May 1, 2008.
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*APY = Annual Percentage Yield. Fees could reduce the earnings on the account.
Early Withdrawal Penalties: Certificates are subject to early withdrawal penalties. The registered owner contracts to keep the funds deposited until maturity. If any or all of the certificate principal amount is withdrawn before the Maturity Date, a penalty will be charged. The amount of the penalty shall be 90 days interest on 6-month and 12-month CDs and 180 days interest on all others.
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