Deposit Rates

Deposit Rates

Savings Plan Dividend RatesRegular SharesFamily Savings Plan
 RateAPY*RateAPY*
$0.01 to $24.99 0.00% 0.00% 0.00% 0.00%
$25.00 to $49,999.99 0.25% 0.25% 0.25% 0.25%
$50,000.00 and up 0.50% 0.50% 0.50% 0.50%
Club Account Dividend RatesChristmas ClubUnion Club
 RATEAPY*RATEAPY*
$0.01 and up 0.50% 0.50% 0.50% 0.50%
Checking (Draft) Accounts Dividend RatesUnion AdvantageUnion Pride
 RateAPY*RateAPY*
$0.01 to $9,999.99 0.05% 0.05% 0.10% 0.10%
$10,000.00 to $24,999.99 0.10% 0.10% 0.25% 0.25%
$25,000.00 to $49,999.99 0.20% 0.20% 0.35% 0.35%
$50,000.00 to $99,999.99 0.25% 0.25% 0.45% 0.45%
$100,000.01 and up 0.35% 0.35% 0.65% 0.65%
Money Market Dividend RatesUnion Advantage MMDAUnion Pride Preferred MMDA
 RateAPY*RateAPY*
$0.01 to $9,999.99 0.25% 0.25% 0.35% 0.35%
$10,000.00 to $24,999.99 0.35% 0.35% 0.50% 0.50%
$25,000.00 to $49,999.00 0.50% 0.50% 0.75% 0.76%
$50,000.00 to $99,999.99 0.65% 0.65% 1.00% 1.01%
$100,000.01 and up 0.75% 0.76% 1.25% 1.26%
Certificate of Deposit Dividend Rates
Term<$100,000.00>$100,000.00
 RateAPY*RateAPY*
181 Days 0.45% 0.45% 0.65% 0.65%
1 Year 0.65% 0.65% 0.85% 0.85%
2 Years 1.00% 1.01% 1.25% 1.26%
3 Years 1.25% 1.26% 1.50% 1.51%
4 Years 1.50% 1.51% 2.00% 2.02%
5 Years 1.75% 1.77% 2.25% 2.27%
Certificate of Deposit Speical & Odd Term Dividend Rates
Term<$100,000.00>$100,000.00
 RateAPY*RateAPY*
2 Years 1.25% 1.26% 1.50% 1.51%
66 Months 2.25% 2.26% 2.75% 2.76%

Rate Disclosure

DIVIDENDS. The frequency and conditions upon which dividends are paid on all dividend-bearing accounts are in accordance with the Federal Credit Union Act, the Truth-in-Savings Act, and applicable Regulations. Dividend rate changes are within our sole discretion and are subject to change weekly. Dividends are paid from current income and available earnings after required transfers to reserves at the end of a dividend period. The dividend declaration date follows the ending date of a dividend period.

All cash and non-cash items deposited will begin accruing dividends as of the business day we receive the deposit. If any of account is closed, with the exception of Certificate of Deposit Accounts, prior to the date dividends are posted, accrued dividends will not be paid. If a Term Certificate of Deposit is closed before its maturity date, accrued dividends will be paid through the date of such withdrawal less penalties if applicable.

BALANCE COMPUTATION METHODS. The Credit Union uses the Average Daily Balance Method. This balance method establishes an average balance for a period, i.e., monthly or quarterly. The average daily balance is determined by adding the full amount of principal in the account for each day of the period and dividing that figure by the number of days in the period. Your account balance each day is the ending balance of the account from the previous day, plus deposits and minus withdrawals made that business day.

COLLECTED BALANCE. All interest-bearing deposit accounts at the Credit Union will accrue interest daily on the “collected balance” in the account. Collected balance is the balance on which the Credit Union has received provisional credit for the non-cash items (checks) that you have deposited. The Credit Union will begin to pay interest no later than the business day specified in Regulation CC and in the Expedited Funds Availability Act.

RATE INFORMATION. Unless otherwise stated with the product information, all interest-bearing accounts at the Credit Union will be “variable rate” products. Variable rate means the interest rate and the Annual Percentage Yield (APY) may change after the account is opened at any time, at the discretion of the Credit Union.

ANNUAL PERCENTAGE YIELD (APY). APY is the effective rate your money will earn if it remains on deposit for a full year at the same annual interest rate and if all interest is left in the deposit account. Yield is the critical measure of how much interest you can expect to earn based on the interest rate and the frequency with which interest is added to your account (compounding) for a 365 or 366 (leap year) day period. Because your interest earns interest if left in the account, the APY is greater than the annual interest rate. If you withdraw some of the interest or some of your deposit, the amount of interest earned will be reduced.

ANNUAL PERCENTAGE YIELD EARNED (APYE). APYE represents the Annual Percentage Yield that was actually earned during the cycle period and which will appear on your periodic account statement. The calculation reflects the relationship between the interest actually earned during the statement period and the average daily balance in the account. If the account has multiple interest rates, this method will produce a single composite APYE figure.

Loan Rates

Loan Pricing Guidelines

Unsecured FinancingSHARE SECURED
Grade0-36 Months0-60 MonthsMAXIMUM0-60 Months
A+ 6.00% 6.00% $10,000.00 +3.00% above Share Savings Dividend Rate
A 8.00% 8.00% $7,5000.00
B 10.00% 10.00% $5,000.00
C 14.00% N/A $3,500.00
D 16.00% N/A $2,000.00
E 18.00% N/A $500.00
SUB N/A N/A $ -
Secured Financing
ValuationFinancingDown PaymentGrade
N.A.D.A. Retail/P.O. 110% + TT&L 0.00% A+
N.A.D.A. Retail/P.O. 110% + TT&L 0.00% A
N.A.D.A. Retail/P.O. 110% + TT&L 0.00% B
N.A.D.A. Retail/P.O. 110% + TT&L 0.00% C
N.A.D.A. Retail/P.O. 100% + TT&L 0.00% D
N.A.D.A. Retail Value 95% + TT&L 5.00% E
N.A.D.A. Retail Value 90% + TT&L 10.00% SUB

Rate Schedule

New Vehicles
New Automobile (NA)
Grade0-36 Months37-60 Months61-72 Months73-84 Months
A+ 1.95% 2.95% 3.95% 4.95%
A 2.95% 3.95% 4.95% 5.95%
B 3.95% 4.95% 5.95% 6.95%
C 5.95% 6.95% 7.95% 8.95%
D 7.95% 8.95% 9.95% 10.95%
E 10.95% 11.95% 12.95% 13.95%
SUB 12.95% 13.95% 14.95% 15.95%
Pre-Owned (Used) Vehicles
Pre-Owned (Used) Automobile (UA)
Grade0-36 Months37-48 Months49-60 Months61-72 Months
A+ 2.95% 3.95% 4.95% 5.95%
A 3.95% 4.95% 5.95% 6.95%
B 4.95% 5.95% 6.95% 7.95%
C 6.95% 7.95% 8.95% 9.95%
D 9.95% 10.95% 11.95% 12.95%
E 13.95% 14.95% 15.95% 16.95%
SUB 15.95% 16.95% 17.95% 18.95%
New Motorcycle
Grade0-36 Months37-60 Months61-72 Months73-84 Months
A+ 3.95% 4.95% 5.95% 6.95%
A 4.95% 5.95% 6.95% 7.95%
B 5.95% 6.95% 7.95% 8.95%
C 7.95% 8.95% 9.95% 10.95%
D 10.95% 11.95% 13.95% 14.95%
E 14.95% 15.95% 16.95% 17.95%
Pre-Owned (Used) Motorcycle
Grade0-36 Months37-48 Months49-60 Months61-72 Months
A+ 4.95% 5.95% 6.95% 7.95%
A 5.95% 6.95% 7.95% 8.95%
B 6.95% 7.95% 8.95% 9.95%
C 9.95% 10.95% 11.95% 12.95%
D 13.95% 14.95% 15.95% 16.95%
E N/A N/A N/A N/A
New Camper/Trailer
Grade0-36 Months37-60 Months61-72 Months73-84 Months
A+ 4.95% 5.95% 6.95% 7.95%
A 5.95% 6.95% 7.95% 8.95%
B 6.95% 7.95% 8.95% 9.95%
C 8.95% 9.95% 10.95% 11.95%
D 10.95% 11.95% 12.95% 14.95%
E 13.95% 14.95% 15.95% 16.95%
Pre-Owned (Used) Camper/Trailer
Grade0-36 Months37-48 Months49-60 Months61-72 Months
A+ 5.95% 6.95% 7.95% 8.95%
A 6.95% 7.95% 8.95% 9.95%
B 8.95% 9.95% 10.95% 11.95%
C 10.95% 11.95% 12.95% 13.95%
D 13.95% 14.95% 15.95% 16.95%
E 15.95% 16.95% 17.95% 18.95%
New Marine (Boat) Vehicle
Grade0-36 Months37-60 Months61-72 Months73-84 Months
A+ 4.95% 5.95% 6.95% 7.95%
A 5.95% 6.95% 7.95% 8.95%
B 6.95% 7.95% 8.95% 9.95%
C 8.95% 10.95% 11.95% 12.95%
Pre-Owned (Used) Marine (Boat) Vehicle
Grade0-36 Months37-48 Months49-60 Months61-72 Months
A+ 5.95% 6.95% 7.95% 8.95%
A 6.95% 7.95% 8.95% 9.95%
B 7.95% 8.95% 9.95% 10.95%
C 9.95% 10.95% 11.95% 12.95%
New Four Wheeler/All-Terrain Vehicle
Grade0-36 Months37-60 Months61-72 Months73-84 Months
A+ 3.95% 4.95% 5.95% 6.95%
A 4.95% 5.95% 6.95% 7.95%
B 5.95% 6.95% 7.95% 8.95%
C 7.95% 8.95% 9.95% 10.95%
Pre-Owned (Used) Four Wheeler/All-Terrain Vehicle
Grade0-36 Months37-48 Months49-60 Months61-72 Months
A+ 5.95% 6.95% 7.95% 8.95%
A 6.95% 7.95% 8.95% 9.95%
B 7.95% 8.95% 9.95% 10.95%
C 9.95% 10.95% 11.95% 12.95%
Classic Car
Grade0-36 Months37-60 Months61-72 Months73-84 Months
A+ 3.95% 4.95% 5.95% 6.95%
A 4.95% 5.95% 6.95% 7.95%
B 5.95% 6.95% 7.95% 8.95%
C 7.95% 8.95% 9.95% 10.95%
EMERGENCY LOAN 0-60 Months 3.00% Below SL Rate (5.00% Floor)
Membership Incentive Discounts
 Years of MembershipDiscount
Years < 1 0.00%
Years 1 to 3 -0.25%
Years 4 to 7 -0.50%
Years 7 to 10 -1.00%
Years Greater than 10 -1.25%
Years Greater than 20 -1.50%
 

*Loan Floor of 1.00%

I.B.E.W. LU 66 Federal Credit Union is an equal opportunity lender and, as such, will not allow discrimination on the basis of race, color, national origin, religion, sex, sexual orientation, gender identity, marital or familial status, age (providing the applicant has reached the age of majority and/or possess the legal capacity to contract), income derived from public assistance, exercise of consumer rights, disability, or any other prohibited basis. No officer or employee of this credit union will, in any manner, discourage a member from making, or submitting, an application for credit. This credit union will accept and consider an application from any member which requests to submit an application for the extension of credit.

IBEW LU 66 FCU uses a risked based pricing credit program and certain restrictions may apply. The rates, as published on this website, are Annual Percentage Rates (APR’s) and are subject to change without notice.

New credit accounts are subject to membership eligibility, loan application (within twelve months), credit qualification, and income verification. Payments must be made from your IBEW Local 66 Federal Credit Union Regular Share Account by Automatic Payment.

* The Annual Percentage Rate (APR) will be based on the specific characteristics of your credit application including, but not limited to, evaluation of credit history, history with the Credit Union and amount and type of credit requested. The interest rate is fixed for the entire life of the loan. Stated “Rates as Low as” apply to specifically well-qualified applicants with all applicable discounts.

Other restrictions may apply.

Other Fees & Services

Schedule of Other Fees and Services

Share Draft (Checking) Accounts

 Checking (Draft) AccountsMoney Market
 UNION e-EXPRESS CHECKINGUNION SELECT CHECKING UNION ADVANTAGE CHECKINGUNION PRIDE CHECKING UNION ADVANTAGE MONEY MARKET ACCOUNT UNION PRIDE PREFERRED MONEY MARKET ACCOUNT 
MINIMUM BALANCE TO OPEN $100.00 $100.00 $100.00 $1,000.00 $1,000.00 $10,000.00
MONTHLY MAINTENANCE FEE NO CHARGE $5.00 $10.00 $15.00 $12.00 $18.00
MINIMUM BALANCE TO AVOID MONTHLY MAINTENANCE FEE N/A $500.00 $2,500.00 $10,000.00 $7,500.00 $15,000.00
        BE A RETIREE   BE A RETIREE
OTHER WAYS TO AVOID THE MONTHLY MAINTENANCE FEE ENROLL IN ELECTORNIC STATEMENT DELIVERY (E-STATEMENTS) N/A MAINTAIN COMBINED DAILY DEPOSIT BALANCES OF $7,5000.00 MAINTAIN COMBINED DAILY DEPOSIT BALANCES OF $10,000.00 MAINTAIN COMBINED DAILY DEPOSIT BALANCES OF $15,000.00 MAINTAIN COMBINED DAILY DEPOSIT BALANCES OF $25,000.00
OUTSTANDING LOANS IN THE AMOUNT OF $10,000.00 OUTSTANDING LOANS IN THE AMOUNT OF $25,000.00 OUTSTANDING LOANS IN THE AMOUNT OF $25,000.00 OUTSTANDING LOANS IN THE AMOUNT OF $50,000.00
Earns Dividends NO NO YES YES YES YES
Minimum Balance to Earn Dividends N/A N/A $100.00 $100.00 $100.00 $5,000.00
Courtesy Overdraft Available YES YES YES YES YES YES
Overdraft Transfer Available YES YES YES YES YES YES
Excessive Withdrawal Fee (Withdrawals over 3) UNLIMITED UNLIMITED UNLIMITED UNLIMITED $5.00 $5.00
Check Writing NO UNLIMITED UNLIMITED UNLIMITED 3 CHECKS PER CYCLE 3 CHECKS PER CYCLE
Paper or Electronic Check Charge(Per Item) $2.50 NO CHARGE NO CHARGE NO CHARGE NO CHARGE NO CHARGE
Other Fees & ServicesUnion e-Express CheckingUnion Select CheckingUnion Advantage CheckingUnion Pride CheckingUnion Advantage Money Market AccountUnion Pride Preferred Money Market Account
Account Activity Printout (Out of Cycle) $5.00 $5.00 $5.00 NO CHARGE $5.00 $5.00
Account Research (per hour) [One hour minimum] $25.00 $25.00 $25.00 NO CHARGE $25.00 NO CHARGE
Cashier's Check $10.00 $10.00 $10.00 NO CHARGE $10.00 NO CHARGE
Cashier's Check Replacement Fee $25.00 $25.00 $25.00 $25.00 $25.00 $25.00
Check Copies (per item) $3.00 $3.00 $3.00 NO CHARGE N/A N/A
Check Mailing Fee (Per mailed item) $1.00 $1.00 $1.00 NO CHARGE $1.00 $1.00
Check Printing NOT AVAILABLE VARIES VARIES NO CHARGE VARIES NO CHARGE
Copy of Credit Union Issued Check $5.00 $5.00 $5.00 $5.00 $5.00 $5.00
Copy of Issued Statement $5.00 $5.00 $5.00 NO CHARGE $5.00 $5.00
Debit Card Replacement Fee $5.00 $5.00 $5.00 NO CHARGE N/A N/A
Domestic Wire Transfer - Incoming $10.00 $10.00 $10.00 NO CHARGE $10.00 NO CHARGE
Domestic Wire Transfer - Outgoing $25.00 $25.00 $25.00 $10.00 $25.00 $10.00
Dormant Account (Charged Prior to Account Closing) $25.00 $25.00 $25.00 $25.00 $25.00 $25.00
Early Account Closure (within 180 Days) $25.00 $25.00 $25.00 $35.00 $25.00 $35.00
Legal Order Processing (i.e., Garnishments, Levies & Liens) $75.00 $75.00 $75.00 $75.00 $75.00 $75.00
Member Privilege Overdraft Fee (if utilized) $25.00 $25.00 $25.00 $25.00 $25.00 $25.00
Non-Sufficient Funds - Overdraft (Per Paid Item) $25.00 $25.00 $25.00 FIRST 3 WAIVED ANNUALLY $25.00 $25.00
Non-Sufficient Funds - Return (Per Returned Item) $15.00 $15.00 $15.00 FIRST 3 WAIVED ANNUALLY $15.00 $15.00
Non-Sufficient Funds (ACH) - Overdraft (Per Paid Item) $25.00 $25.00 $25.00 FIRST 3 WAIVED ANNUALLY $25.00 $25.00
Non-Sufficient Funds (ACH) - Return (Per Returned Item) $15.00 $15.00 $15.00 FIRST 3 WAIVED ANNUALLY $15.00 $15.00
Overdraft Protection Transfer $5.00 $5.00 $5.00 $5.00 $5.00 $5.00
Paper Statements $3.50 $3.50 $3.50 NO CHARGE $3.50 NO CHARGE
Reopen Closed Account $25.00 $25.00 $25.00 $25.00 $25.00 $25.00
Returned Deposit Item $10.00 $10.00 $10.00 $10.00 $10.00 $10.00
Returned Deposit Item (Drawn on Members own Account) $25.00 $25.00 $25.00 $25.00 $25.00 $25.00
Returned Mail Processing (Per returned item) $3.00 $3.00 $3.00 $3.00 $3.00 $3.00
Statement Balancing (per hour) [One hour Minimum] $20.00 $20.00 $20.00 NO CHARGE $20.00 $20.00
Stop Payment Order - CREDIT UNION ISSUED CHECK $40.00 $40.00 $40.00 $40.00 $40.00 $40.00
Stop Payment Order - MEMBER ISSUED CHECK $15.00 $15.00 $15.00 FIRST 3 WAIVED ANNUALLY $1,500.00 FIRST 3 WAIVED ANNUALLY

SAVINGS & CLUB ACCOUNTS

  SAVINGS ACCOUNTS CLUB ACCOUNTS
  REGULAR SHARES FAMILY SAVINGS PLAN MINOR BY SAVINGS CHRISTMAS CLUB ACCOUNT 6 TO 12 MONTH UNION CLUB ACCOUNT 13 TO 60 MONTH UNION CLUB ACCOUNT
MINIMUM BALANCE TO OPEN $25.00 $25.00 $5.00 $10.00 $10.00 $10.00
MONTHLY MAINTENANCE FEE $3.00 $3.00 NO CHARGE NO CHARGE NO CHARGE NO CHARGE
MINIMUM BALANCE TO AVOID MONTHLY MAINTENANCE FEE $25.00 $100.00 NO CHARGE NO CHARGE NO CHARGE NO CHARGE
Other Ways to Waive Monthly Maintenance Fee ENROLL IN ELECTORNIC STATEMENT DELIVERY (E-STATEMENTS) ENROLL IN ELECTORNIC STATEMENT DELIVERY (E-STATEMENTS) NO CHARGE NO CHARGE NO CHARGE NO CHARGE
Earns Dividends YES YES YES YES YES YES
Minimum Balance to Earn Dividends $25.00 $100.00 $0.01 $100.00 $100.00 $100.00
Courtesy Overdraft Available YES YES NO NO NO NO
Overdraft Transfer Available YES YES NO NO NO NO
Early Withdrawal Fee [Club Accounts] N/A N/A N/A $10.00 $15.00 $25.00
Excessive Withdrawal Fee (Withdrawals over 3) $5.00 $5.00 $1.00 N/A N/A N/A
Check Writing NO NO NO N/A N/A N/A
OTHER FEE & SERVICESREGULAR SHARESFAMILY SAVINGS PLANMINOR BY SAVINGSCHRISTMAS CLUB ACCOUNT6 TO 12 MONTH UNION CLUB ACCOUNT13 TO 60 MONTH UNION CLUB ACCOUNT
Account Activity Printout (Out of Cycle) $2.00 $2.00 NO CHARGE $2.00 $2.00 $2.00
Account Research (per hour) [One hour minimum] $20.00 $20.00 $5.00 $20.00 $20.00 $20.00
Cashier's Check $10.00 $10.00 $10.00 N/A N/A N/A
Cashier's Check Replacement Fee $25.00 $25.00 $25.00 $25.00 $25.00 $25.00
Check Copies (per item) N/A N/A N/A N/A N/A N/A
Check Mailing Fee (Per mailed item) $1.00 $1.00 N/A $1.00 $1.00 $1.00
Check Printing N/A N/A N/A N/A N/A N/A
Copy of Credit Union Issued Check $5.00 $5.00 $5.00 $5.00 $5.00 $5.00
Copy of Issued Statement $5.00 $5.00 $1.50 $5.00 $5.00 $5.00
Member Privilege Overdraft Fee (if utilized) N/A N/A N/A N/A N/A N/A
Credit Union Over-the-Counter Issued Check NO CHARGE NO CHARGE NO CHARGE N/A N/A N/A
Domestic Wire Transfer - Incoming $10.00 $10.00 N/A $10.00 $10.00 $10.00
Domestic Wire Transfer - Outgoing $25.00 $25.00 N/A N/A N/A N/A
Dormant Account (Charged Prior to Account Closing) $25.00 $25.00 $25.00 $25.00 $25.00 $25.00
Early Account Closure (within 180 Days)/(Before Maturity) $10.00 $10.00 $5.00 $20.00 $15.00 $25.00
Legal Order Processing (i.e., Garnishments, Levies & Liens) $75.00 $75.00 $75.00 $75.00 $75.00 $75.00
Non-Sufficient Funds - Overdraft (Per Paid Item) $25.00 $25.00 $25.00 $25.00 $25.00 $25.00
Non-Sufficient Funds - Return (Per Returned Item) $15.00 $15.00 $15.00 $15.00 $15.00 $15.00
Non-Sufficient Funds (ACH) - Overdraft (Per Paid Item) $25.00 $25.00 $25.00 $25.00 $25.00 $25.00
Non-Sufficient Funds (ACH) - Return (Per Returned Item) $15.00 $15.00 $15.00 $15.00 $15.00 $15.00
Paper Statements $3.50 $3.50 NO CHARGE $3.50 $3.50 $3.50
Reopen Closed Account $25.00 $25.00 $25.00 $25.00 $25.00 $25.00
Returned Deposit Item $10.00 $10.00 $10.00 $10.00 $10.00 $10.00
Returned Deposit Item (Drawn on Members own Account) $25.00 $25.00 $25.00 $25.00 $25.00 $25.00
Returned Mail Processing (Per returned item) $3.00 $3.00 $3.00 $3.00 $3.00 $3.00
Statement Balancing (per hour) [One hour Minimum] $20.00 $20.00 $10.00 $20.00 $20.00 $20.00
Stop Payment Order - CREDIT UNION ISSUED CHECK $40.00 $40.00 $40.00 $40.00 $40.00 $40.00