Salem SScu Rates

common shares

Current Term Rate: Determined at end of each calendar quarter
Minimum Balance: $5 required to initiate and maintain membership
Membership Fee: $5 required to initiate membership
Dates Dividends Accrue: Date of desposit to date of withdrawal
Compounding and Crediting: Compounded and posted quarterly
No Dividend: On accounts closed prior to payment of dividends
APR  APY
.80%  .80% $20,000 and up
.70%  .70% $10,000 to $20,000
.60%  .60% $5,000 to $10,000
.50%  .50% $500 to $5,000
.10%  .10% $5 to $500
Withdrawal NOTICE From Member to Credit Union: 1 day per $1,000 (To Keep Funds Invested at Favorable Rate)


Loan Rates

Title Secured Vehicle Loans
5 or less years old 6 to 10 years old
Duration APR Match Other Lender Duration APR Match Other Lender
12 Months 4.5% By Monthly Payment 12 Months 5.5% By Monthly Payment
24 Months 4.5% By Monthly Payment 24 Months 5.5% By Monthly Payment
36 Months 4.5% By Monthly Payment 36 Months 5.5% By Monthly Payment
48 Months 5.5% By Monthly Payment 48 Months 6.5% By Monthly Payment
60 Months 5.5% By Monthly Payment 60 Months 6.5% By Monthly Payment
72 Months 5.5% By Monthly Payment 72 Months 6.5% By Monthly Payment
           
Over 10 years old  
Duration APR Match Other Lender
12 Months 6.5% By Monthly Payment
24 Months 6.5% By Monthly Payment
36 Months 6.5% By Monthly Payment
48 Months 7.5% By Monthly Payment
60 Months 7.5% By Monthly Payment
Shares Secured Loan (Minimum 2% above pledged shares) Unsecured Loan
Duration APR Duration APR
12 Months 4.0% 12 Months 10.5%
24 Months 4.0% 24 Months 10.5%
36 Months 4.0% 36 Months 10.5%
48 Months 5.0% 48 Months 11.0%
60 Months 5.0% 60 Months 11.0%