Yonkers Postal Employees CU   


Credit Union Rate Board


Dividend Rates

The Credit Union will be offering a dividend rate of 2.75% for the period of 1//1/05 to 3/31/05 .


Loans

Personal Loans

%

Term

Security

Co-maker

 $     750.00

-

 $       3,000.00

10.00

12 Months

 $ 400.00

 

 $  3,001.00

-

 $       4,500.00

10.25

18 Months

 $ 600.00

 

 $  4,501.00

-

 $       6,000.00

10.50

30 Months

 $ 600.00

 

 $  6,001.00

-

 $       8,000.00

11.00

42 Months

10%

Co-maker

 $  8,001.00

-

 $     10,000.00

11.25

50 Months

10%

Co-maker

 $10,001.00

-

 $     12,000.00

11.50

60 Months

10%

Co-maker

 $12,001.00

-

 $     13,500.00

12.00

60 Months

10%

Co-maker

 $13,001.00

-

 $     15,000.00

12.50

60 Months

10%

Co-maker

 $15,001.00

-

 $     20,000.00

12.75

60 Months

10%

Co-maker

 


New Automobile Loans
       
***Our reduced rate for new autos will remain in effect

Rate 5.25%. Maximum loan is $28,000 with a term of 60 months. Must have a proposed Bill of Sale and an Insurance Binder.


Used Automobile Loans

Rate 6.50% -Maximum loan is $20,000 with a term of 48 months.

A security deposit of three (3) payments or 10% is required, depending on your credit history and indebtedness. A Co-maker may be required. Car must not be more than 5 years old.


Passbook Loans

 Interest rates are always 2% above the current dividend rate. On January 1, 2005 , the rate will be 4.75%.

***All loans include applicable Disability and Life insurance premiums calculated into the bi-weekly payment.

  Important: All members are required to have account activity during the year. For regular members on payroll deductions and retirees whose retirement checks are directed to the credit union, this is automatic. Retiree’s who have not elected to direct their retirement check to the credit union, must make either a deposit or withdrawal, at least once during the calendar year to remain a member. Retiree’s may deposit up to $2500 each year.

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