Federal Credit Union
| Regular Share Account | Share Draft Account | Gem Share Draft Account | |
| DIVIDENDS Dividend Rate/Annual Percentage Yield |
|||
| Dividends Compound | Quarterly | Quarterly | Quarterly |
| Dividends Credited | Quarterly | Quarterly | Quarterly |
| Dividend Period | Calendar Quarterly | Calendar Quarterly | Calendar Quarterly |
| BALANCE REQUIREMENTS | |||
| Minimum Opening Deposit | $25.00 | $25.00 | $100.00 |
| Minimum Balance to Avoid a Service Fee | --- | $500.00 | $500.00 |
| Minimum balance to Earn the Stated APY | $100.00 | $500.00 | $500.00 |
| Balance Method | Average Daily Balance | Average Daily Balance | Average Daily Balance |
| ACCOUNT LIMITATIONS | Account transfer limitations apply | Account transfer limitations |
| apply | Account transfer limitations apply |
To calculate the amount of equity in your home, take the current market value of your home and subtract any outstanding mortgage or other liens.
To get an estimate of the equity available for you to borrow, follow the simple formula below:
Appraised value of your home ...................$_______
Multiply by 80% ................................................x .80
Equals your equity ....................................$ _______
Subtract the balance on your Mortgage..... $ _______
Estimate amount for you to borrow ...........$ _______
Rate .........Term
8.5% ...........5-8 years
9.0% ..............10-12 years
9.5% .........15 years
Minimum to borrow: $10,000
Maximum to borrow: $50,000
*all loans subject to credit approval.
Home Equity Check List
All of the following documents must be provided to start the process for a home equity loan. With the loan application, please provide Suntide Federal Credit Union with the following:
(1) A copy of the deed of trust.
(2) Property valuation statement (tax appraisal).
(3) The name, address and account number of mortgage company to verify the balance.
(4) A copy of the Home Owners insurance Policy.
(5) Proof of Income such as check stub(s).
Home Improvement Loans
Add a bath, repair the roof, redo the wiring, improve the plumbing.... from the attic to the basement we can help you modernize your home and if the cash isn't handy, use ours.
Borrow up to $25,000 at 8% up to 180 months to pay back. ( Pending approval of equity requirements.)
$0.00 $5000 12-24 Mos
$5,0001.00 $7500 36 Mos
$7501.00 $10,000 48 Mos
$10,001.00 $15,000 72 Mos
$15,001.00 $25,000 180 Mos
* Underwriting standards apply to this program
Another project by Spider Byte Web Creations 