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RATES

Savings Account & Loan Rates

Click here for more information on how Credit Unions Interest Rates are better than that of Banks
 

INTEREST RATES/TERM LIMIT TABLE and Discounts effective 01/01/2017
Share Secured - 100% 2% above share dividend rate up to 72 months
Share Secured -   50% 5% above share dividend rate up to 72 months
FICA Score     A > 700  B > 630 to 699  C > 580 to 629  D > 530 to 579  E < 530

Grades are a combination of FICA score and other conditions
 

New and Used Auto, Truck, Motorcycle, 4 Wheelers 72 months over $20,000 ADD ONS
Grade/Months 24 36 48 60 72 Gas over 100,000 miles  add  0.50%
A 3.99 4.49 4.99 5.49 5.99 Diesel over 250,000 miles  add  0.50%
B 5.99 6.99 7.99 8.99 9.99 Motorcycles  add  0.50%
C 9.99 10.74 11.24 11.99 12.99 Off road motorcycles & 4 wheelers  add  2.00%
D 15.99 16.99 17.49 17.99 N/A  

Financing of credit union products such as GAP, warranty, credit and/or disability may cause loan to go over max allowable for all A & B grades

RV, Motor Homes, Campers, Boats
DISCOUNTS
Grade/Months 24 36 48 60 72 LTV <80%                                            0.50%
A 4.99 5.49 5.99 6.49 6.99 DIRECT DEP0SIT                               0.25%
B 6.99 7.49 8.99 9.99 10.74 AUTO PAY FROM 1ST NRV ACC       0.25%
C 10.74 11.49 12.99 12.99 15.74 $5000 IN 1ST NRV SAVINGS OR SC 0.25%
D 15.74 16.49 17.49 17.99 N/A VEHICLE <10,000 MILES                  0.25%

 

Unsecured / Signature
DISCOUNTS
Grade/Months 12 24 36 42 48 60 72 SECURITY                   0.25%
A 6.99 7.49 7.99 8.49 9.99 10.99 N/A DIRECT DEP0SIT        0.25%
B 11.99 12.49 12.99 13.49 13.99 14.99 N/A AUTO PAY                    0.25%
C 14.99 15.99 16.49 16.99 17.99 N/A N/A  
D 17.99 17.99 17.99 N/A N/A N/A N/A  

All loans except Mortgage, Home equity and credit card are eligible for loyalty or usage discounts
No loan rate can go below 2.49% the Floor rate is Wall Street Prime [3.75%] if not set by BOD
All E loans and Credit Rebuilder Loans are 18%

OTHER LOANS
CREDIT CARD VISA Prime plus 7% NO ANNUAL FEE
HOME EQUITY* WALL STREET PRIME MIN 4.00% TO A MAX OF  14.00%
MORTGAGE 8.00%  
UNIMPROVED PROPERTY As low as 4.50% 10 YEARS           12 YEARS
SMALL AMOUNT /SHORT TERM 28%
$20.00 loan fee
DISCOUNT FOR DIRECT DEPOSIT  1%
AND FOR AUTO PAY  1%

*home equity loans are 80% appraisal on 1st Deed of Trust and on 2nd Deed of Trust 80% appraisal minus 1st deed of trust

Share Rates Current Rate AVP   effective 1/1/17
Regular Shares 0.50% 0.50% $50,000.00 and above  
  0.25% 0.25% $1,000.00 to $49,999.99  
  0.00% 0.00% $5.00 to $999.99  
Checking 0.10% 0.10% average daily balance $100.00  
Christmas Club 0.25% 0.26%   effective 1/1/17
IRAs 1.00% 1.00%    
Share Certificates     120 days penalty for early withdrawal effective 1/1/17
1 year 0.60% 0.60%    
2 year 0.75% 0.75%    
3 year 1.00% 1.00%    
5 year 1.25% 1.26%    

*APR  =  ANNUAL PERCENTAGE RATE
**APY  =  ANNUAL PERCENTAGE YIELD     
 
 Dividends set at end of each quarter and paid quarterly on all but checking which is paid monthly

Schedule of Fees and Charges

APPROVED 10/04/94  *Revised 03/01/2011

Unlike most banks, your Credit Union continues to offer many convenient services free of charge. However, in some instances the Credit Union incurs a cost from another organization that performs or provides a service. In most cases, this cost is passed on to those members who use this service.

Free Services:

  • ATM Transactions at the Credit Union
  • Balance Inquiries at the Credit Union
  • Phone Withdrawal/Transfer at the Credit Union
  • Regular Share Savings Monthly Service Charge

 

Regular Share Accounts
Check Cashing Fee (if bal. less than $300) $ 3.00 per check [members under 18 exempt]
Copy of Cancelled Check  $ 2.00 per ck.
Copies of Statement $25.00 plus $1.00 per page
Credit Union check $ 2.00 per check[$3.00 effective Sept. 1, 2016]
Early Acct. Closure (closed w/n 90 days of opening) $ 5.00
Electronic Funds Transfer fee (above six) $ 20.00
Fax Fee $ 1.50 first page    $0.75 for each additional page thereafter
Inactive Acct. Fee (1 yr. of no acct. activity) $ 5.00/quarter [members under 18 exempt]
Incoming wire  $ 5.00 per wire
Money Orders $ 1.00 per money order
Open New Account $ 5.00
Outgoing wire (Regular) $15.00 per wire
Overdraft Fee (Checking, ACH) $25.00
Chargeback Check Fee $40.00 [Effective Sept 1, 2016]
Replace plastic card $10.00
Return Fee (Checking, ACH) $15.00
Stop Payment $20.00

 

Automated Teller Machine (Credit Union’s)
Foreign Cards $ 2.50 per transaction [9/27/2016]

 

Automated Teller Machines (Other than the Credit Union’s)
Balance Inquiries Checking/Savings (PLUS System Only) $ .50 per transaction
Point of Sale Transactions (Not currently Available) $ .10 per transaction
Transfer from Checking/Savings (PLUS System Only) $1.00 per transaction
Withdrawal from Checking/Savings (PLUS System Only) $1.00 per transaction

Disclaimer

The Board of Directors of the First NRV Federal Credit Union reserves the right to amend these rates from time to time. Notification of such changes will be forwarded to all members.




To assist members in accessing information not maintained on this site, the Credit Union provides links to other Internet addresses. Be advised that: 1) by clicking on any link to other Internet addresses, you are leaving the Credit Union's web site; 2) you are linking to an alternate web site not operated by the Credit Union; 3) the Credit Union is not responsible for the content of the alternate web site; 4) the Credit Union does not represent either the third party or the member if the two enter into a transaction; and 5) privacy and security policies may differ from those practiced by the Credit Union.

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