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Downriver Community Federal Credit Union Rates

Loan Rates
Mortgage Rates
Home Equity Rates
Savings Rates


Loan Rates

Credit Cards
Effective Date: Monday, April 24th, 2017
NameAPR as low as*
VISA Gold 10.99%
*APR = Annual Percentage Rate. *Your individual rate (APR) will be determined based on your credit score.

MyMoney Loan
Effective Date: Monday, April 24th, 2017
NameAPR as low as*
Share-Secured 3.00%
Certificate of Deposit-Secured 3.00%
Hi-Yield Savings-Secured 3.00%
* APR = Annual Percentage Rate. Rates subject to change.

Personal Unsecured Loans:
Effective Date: Monday, April 24th, 2017
NameAPR as low as*
Variable Line of Credit 5.50%
Closed-End 6.75%
*APR = Annual Percentage Rate. *Your individual rate (APR) will be determined based on your credit score.

Student Loans
Effective Date: Monday, April 24th, 2017
NameRate
Student Loan 5.00% APR
Rate is based on PRIME + 1.5. Rates subject to change.

Auto Loans:
Effective Date: Monday, April 24th, 2017
TermAPR as low as*
NEW - up to 84 months 2.00%
USED - up to 60 months 3.71%
*APR = Annual Percentage Rate. *Your individual rate (APR) will be determined based on your credit score.

Motorcycle Loans:
Effective Date: Monday, April 24th, 2017
TermAPR as low as*
NEW (up to 60 months) 4.99%
NEW (up to 72 months) 5.99%
USED (up to 48 months) 7.99%
USED (up to 60 months) 8.99%
*APR = Annual Percentage Rate. *Your individual rate (APR) will be determined based on your credit score.

Recreational Vehicle Loans
Effective Date: Monday, April 24th, 2017
NameTermAPR as low as*
New RV up to 60 months 5.90%
New RV up to 120 months* 6.50%
USED RV up to 60 months 6.55%
USED RV up to 120 months* 7.80%
*APR = Annual Percentage Rate. *Your individual rate (APR) will be determined based on your credit score. Loan terms greater than 60 months require a minimum loan amount of $10,000.
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Home Equity Rates


Home Equity Loan Rates
Effective Date: Monday, April 24th, 2017
NameAPR as low as*
Home Equity Loan 5.00%
*APR = Annual Percentage Rate. *Your individual rate (APR) will be determined based on your credit score.

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Savings Rates

Share Rates
Effective Date: Monday, April 24th, 2017
NameRate (APR*)APY**
Prime Share Savings 0.10% 0.10%
Special Savings 0.10% 0.10%
Christmas Club 0.10% 0.10%
High-Yield Savings 0.20% 0.20%
Checking Account 0.05% 0.05%
Business Builder Checking 0.05% 0.05%
Business Buider High-Yield Savings 0.45% 0.45%
*APR = Annual Percentage Rate. **APY = Annual Percentage Yield. Rates are as low as and subject to change without notice.

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Share Certificate
Effective Date: Monday, April 24th, 2017
TermMin. Amt.RateAPY*
6 month $2,000.00 0.25% 0.25% APY
12 month $2,000.00 0.45% 0.45% APY
24 month $2,000.00 0.65% 0.65% APY
36 month $2,000.00 1.00% 1.01% APY
48 month $2,000.00 1.50% 1.51% APY
60 month $2,000.00 1.75% 1.76% APY
*APY = Annual Percentage Yield.

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IRA
Effective Date: Monday, April 24th, 2017
TermRateAPY*
Traditional IRA Rate: 0.25% 0.25% APY
Roth IRA Rate: 0.25% 0.25% APY
Roth Conversion 99 Rate: 0.25% 0.25% APY
Education IRA Rate: 0.25% 0.25% APY
*APY = Annual Percentage Yield.

Contribution Rates
Term of IRA$500 Annual Contribution$1000 Annual Contribution$2000 Annual Contribution
5 Years $2,900.96 $5,801.91 $11,603.83
10 Years $6,603.39 $13,206.79 $26,413.57
15 Years $11,328.75 $22,657.49 $45,314.98
20 Years $17,359.63 $34,719.25 $69,438.50
25 Years $25,056.73 $50,113.45 $100,226.91
30 Years $34,880.39 $69,760.79 $139,521.58
35 Years $47,418.16 $94,836.32 $189,672.65

*APR refers to Annual Percentage Rate. Your individual rate is based on your credit score and may be higher than the quoted rate. Complete rate information is available at your Credit Union.

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