Rates

Rates Subject to Change. Rate Based on Beacon Scores.

CREDIT CARDS

VISA PLATINUM CREDIT CARDS Premier Select Choice Signature   1st Time Visa
 Payments based on 2% of balance. Fixed Rate 8.90% 9.90% 11.90% 15.90%  15.90%

UNSECURED LOANS

SIGNATURE LOANS
Up to $7000.00
A+
APR*
A
APR*
B
APR*
C
APR*
8.50% 9.00% 11.50% 12.50%
SIGNATURE LOAN
Up to $3000.00
D
APR*
E
APR*
No Beacon
APR*
48 months – Fixed Rate 14.50% 16.50% 16.50%
OVERDRAFT LOAN RATE
$300.00 – $1000.00 15%

 

90 DAY NOTES RATE
Up to $1000.00 15%
SPeedMoney Loans RATE
$200 to $600 for up to 3 months 26% or 28%

 

COLLATERAL LOANS

NEW VEHICLES(Cars, Trucks, Motorcycles) A+
APR*
A
APR*
B
APR*
C
APR*
D
APR*
E
APR*
No Beacon
APR*
36 months
48 months
60 months
72 months – Over $20,000
84 months – Over $35,000
2.70%
2.80%
3.00%
3.50%
4.00%
2.90%
3.00%
3.25%
3.75%
4.35%
3.10%
3.20%
3.45%
3.95%
4.55%
3.80%
4.10%
4.30%
4.75%
4.90%
11.80%
11.80%
11.80%
12.55%
13.00%
13.80%
13.80%
13.80%
14.30%
15.00%
12.80%
12.80%
12.80%
14.00%
14.00%
USED VEHICLES(Cars, Trucks, Motorcycles) A+
APR*
A
APR*
B
APR*
C
APR*
D
APR*
E
APR*
No Beacon
APR*
36 months
48 months – Over $7,000
60 months – Over 18,000
72 months – Over 25,000
2.80%
2.90%
3.10%
4.10%
3.00%
3.10%
3.35%
4.45%
3.20%
3.30%
3.55%
4.65%
3.90%
4.20%
4.50%
5.00%
11.90%
11.90%
11.90%
12.65%
13.90%
13.90%
13.90%
14.40%
12.90%
12.90%
12.90%
14.10%
NEW RECREATIONAL VEHICLES
(Boats, ATV, Watercrafts, Motor Homes, Travel Trailers, Pull Trailers and Classic Cars)
A+
APR*
A
APR*
B
APR*
C
APR*
D
APR*
E
APR*
No Beacon
APR*
36 months – Under $3,000
48 months – Over $7,000
60 months – Over $15,000
72 months – Over $25,000
84 months – Over $40,000
4.55%
4.55%
4.55%
4.95%
5.20%
4.75%
4.75%
4.75%
5.15%
5.40%
5.00%
5.00%
5.00%
5.40%
5.65%
9.00%
9.00%
9.00%
9.40%
9.65%
12.50%
12.50%
12.50%
12.90%
13.15%
14.50%
14.50%
14.50%
14.90%
15.15%
13.50%
13.50%
13.50%
13.90%
14.15%
USED RECREATIONAL VEHICLES
(Boats, ATV, Watercrafts, Motor Homes, Travel Trailers, Pull Trailers and Classic Cars)
A+
APR*
A
APR*
B
APR*
C
APR*
D
APR*
E
APR*
No Beacon
APR*
36 months – Under $3,000
48 months – Over $7,000
60 months – Over $15,000
72 months – Over $25,000
5.55%
5.55%
5.55%
5.95%
5.75%
5.75%
5.75%
6.15%
6.00%
6.00%
6.00%
6.40%
10.00%
10.00%
10.00%
10.40%
13.50%
13.50%
13.50%
13.90%
15.50%
15.50%
15.50%
15.90%
14.50%
14.50%
14.50%
14.90%
HOUSEHOLD YARD EQUIPMENT A+
APR*
A
APR*
B
APR*
C
APR*
D
APR*
E
APR*
No Beacon
APR*
36 months
48 months – Over $7,000
60 months – Over $15,000
72 months – Over $25,000
7.55%
7.80%
8.05%
8.40%
7.75%
8.00%
8.25%
8.65%
8.00%
8.25%
8.50%
8.90%
10.00%
10.25%
10.50%
10.90%
14.00%
14.25%
14.50%
14.90%
16.00%
16.25%
16.50%
16.90%
15.00%
15.25%
15.50%
16.90%
HOUSEHOLD YARD EQUIPMENT A+
APR*
A
APR*
B
APR*
C
APR*
D
APR*
E
APR*
No Beacon
APR*
36 months
48 months – Over $7,000
60 months – Over $15,000
72 months – Over $25,000
7.80%
8.05%
8.30%
8.70%
8.00%
8.25%
8.50%
8.90%
8.25%
8.50%
8.75%
9.15%
10.25%
10.50%
10.75%
11.15%
14.25%
14.50%
14.75%
15.15%
16.25%
16.50%
16.75%
17.15%
15.25%
15.50%
15.75%
16.15%
SAVINGS AND CERTIFICATE SECURED Rate
APR*
Term
Share Secured Loans – Up to 144 months (depending on amount) 3.15% 144
Certificate Secured Loans – Up to 144 months (depending on amount) 4.30% 144
HELOC LOANS (Home Equity Line of Credit)(Variable Rate) Rate
APR*
Term
Rate based on Prime Interest Rate, Calcasieu Parish Only! 5.25% 120 Calculator
*APR = Annual Percentage Rate
Rate are subject to change
Amount of financing must meet policy

SAVINGS

SAVING ACCOUNTS Rate APY*
Regular Savings .15% .15%
Christmas Club Account .15% .15%
IRA – (Traditional IRA) .25% .25%
IRA – (Roth IRA) .25% .25%

 

SHARE DRAFT (CHECKING) ACCOUNTS

SHARE DRAFT ACCOUNTS Rate APY*
Share Draft Account – Simply Checking .02% .02%
Share Draft Account – (Premier Checking) .08% .08%
Share Draft Account – (Golden Checking) (must be over 55) .08% .08%
Share Draft Account – (First Checking) (must be under 21) .00% .00%

CERTIFICATE OF ACCOUNTS

CERTIFICATES Rate APY*
6 Month Certificate .90% .90%
12 Month Certificate 1.30% 1.30%
All Rates are Subject to Change
90 Day Interest Penalty for Early Withdrawal

*APY-annual percentage yield. Notice to members for Customer Identification Under USA Patriot Act. In order to comply with the USA Patriot Act, we are required to verify the identity of members applying for and opening new accounts/services or adding signatories to existing account/services with the credit union. Information that we require to obtain includes: name, mailing address, residence address, social security number; date of birth; and copy of government issued photo ID (such as drivers license). Additional data or identification, as required under this act may also be gathered depending on the type of account applied for or opened. Data on existing members will be gathered as they open or use additional services offered by the credit union or add signatories on accounts. The USA Patriot Act requires the credit union to maintain records of the identification verfication and update the information. Confidentiality of this information will be maintained as required under the Privacy Act and all other applicable laws and regulations.

SPELC FCU will be closed Monday and Tuesday, December 24th and 25th for Christmas!