Suffolk VA City Employees FCU
521 W. Washington Street
P.O. Box 4234
Suffolk, VA 23439
Phone (757) 809-3640
Fax (757) 809-3642
contactus@svcefcu.org




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HOLIDAY CLOSINGS

MEMORIAL DAY

Monday, May 25, 2015

INDEPENDENCE DAY (Observance)

Friday, July 3, 2015

LABOR DAY

Monday, September 7, 2015






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RATE AND FEE SCHEDULE

Rates are subject to change as determined by the Credit Union's Board of Directors.
Dividends are paid quarterly.

SHARES •  SHARE CERTIFICATES •  LOANS •  FEES

SHARE RATES
Account Type Minimum Balance to Open Account Minimum Balance to Obtain APY Dividend Rate Annual Percentage Yield (APY)
Share Account $ 25.00 $ 100.00 0.05% 0.05%
Children's Share Account $ 5.00 $ 25.00 0.05% 0.05%
Individual Retirement Account $ 25.00 $ 100.00 0.05% 0.05%

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SHARE AND IRA CERTIFICATE RATES **
Term Minimum Balance to Open Account Minimum Balance to Obtain APY Dividend Rate Annual Percentage Yield (APY)
6 month $ 500.00 $ 500.00 0.10% 0.10%
12 month $ 1,000.00 $ 1,000.00 0.25% 0.25%

** Early withdrawal penalties may be applied.


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LOAN RATES
Loan Type Annual Percentage Rate (APR) *
New Vehicle (titled less than 180 days) as low as 1.75%
Used Vehicle (titled more than 180 days and older) as low as 1.75%
New Motorcycle, RV, or Boat (titled less than 180 days) as low as 2.75%
Used Motorcycle, RV, or Boat (titled more than 180 days and older) as low as 3.25%
Partially-Secured 3.00% above rate as determined by vehicle securing loan
Share Secured (100%) 2.00% above share dividend rate
Share Secured (75%) 4.00% above share dividend rate
Share Secured (50%) 6.00% above share dividend rate
Signature ($5,000 maximum) as low as 12.50%
90-Day Note as low as 12.50%
Pay Day ($300 minimum/$500 maximum) 18.00%

* APR based upon individual creditworthiness

Business Financing and Working Capital can be used for any purpose including new equipment, remodeling, financing, working capital, payroll. Subject to approval from one of the following lenders: Entrust, CapVance funding for poor credit business owners, Merchant Cash Advance
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Get an extra 0.25% off the loan rate if the loan is paid with payroll deduction


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FEES
Fee Type Amount
Account Close Fee (if closed within first ninety (90) days opening) $25.00
Account Reopen Fee (if reopened within six (6) months of closing) $25.00
Account Research Fee $35.00 (for 1st hour), $50.00 (for 2nd hour), $100.00 (for 3rd and all additional hours)
Courtesy Pay Fee $30.00
CUMoney Card Purchase (Reloadable Prepaid Debit Card) $8.00
Early Withdrawal Fee (Christmas and Vacation Club Accounts) $ 25.00
Excessive Withdrawal Fee (per withdrawal if more than six (6) per month) $5.00
Gift Card Purchase $2.50 per card
Inactive Account Fee (per quarter after 12 months no member-generated transactions and balances under $1,000) $5.00
Loan Application Fee $ 10.00
Loan Late Charge 5 % of loan payment after 7 days delinquent
New Member Fee $ 1.00
Paper Statement Fee $ 1.00
Return Deposit Item Charge $ 30.00
Return Item Fee (ACH and Share Draft) $ 30.00
Return Mail Fee (per piece of mail received) $5.00
Skip-A-Payment Fee $25.00
Statement Copy Fee $ 5.00
Stop Payment Charge (ACH and Share Draft) $ 30.00
VISA Credit Card Late Payment Fee $25.00
VISA Credit Card Over-The-Limit Fee $25.00
VISA Credit Card Replacement Fee $5.00
VISA Credit Card Returned Payment Fee $25.00
Wire Transfer Fee $10.00

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