Vehicle Loans
VEHICLE LOANS
Rates as of September 17th, 2024
Autos & Motorcycles (2020 & Newer)
| APR* as low as | Term | 2 Payment example |
|---|---|---|
| 5.49% ** | 36 months | $301.90 |
| 5.99% ** | 60 months | $193.28 |
| 6.50% ** | 72 months | $168.10 |
| 6.65% ** | 84 months | $149.23 |
| 8.99% ** | 120 months*** | $126.63 |
Autos & Motorcycles (2017 – 2019)
| APR* as low as | Term | 2 Payment example |
|---|---|---|
| 5.49% ** | 36 months | $301.90 |
| 5.99% ** | 60 months | $193.28 |
| 6.50% ** | 72 months | $168.10 |
| 7.00% ** | 84 months | $150.93 |
Autos & Motorcycles (2016 & Older)
| APR* as low as | Term | 2 Payment example |
|---|---|---|
| 6.99% ** | 36 months | $308.82 |
| 8.09% ** | 60 months | $203.27 |
| 8.59% ** | 72 months | $178.31 |
| 9.09% ** | 84 months | $161.43 |
**APR=Annual Percentage Rate. **Rate disclosed with an asterisk (**) represents the lowest possible APR for that Auto Loan. ***Term for vehicles 2020 and Newer. Rate based on credit worthiness, term and other conditions. Contact us to determine your qualifying APR. Secured loan terms between 61 – 72 months – $10,000 minimum amount financed. Secured loan terms between 73 – 84 months – $20,000 minimum amount financed. Secured loan terms between 85 – 120 months – $30,000 minimum amount financed. Rates for vehicles older than 12 model years or over 120,000 miles will be higher than those shown below. ²Payment example given is the monthly payment per $10,000 borrowed for the rate and term specified. A .25% discount off your qualifying APR is available. Member must enroll in auto payment to qualify for the .25% discount. The minimum rate with any discount is 5.99% APR(APR will not increase after consummation).
Boats, RVs, Trailers, etc.
| APR* as low as | Term | 2 Payment example |
|---|---|---|
| 10.00% ** | 0-60 months | $212.44 |
| 11.00% ** | 61-72 months | $190.32 |
| 11.25% ** | 73-84 months | $172.53 |
| 12.25% ** | 85-120 months | $144.92 |
*APR=Annual Percentage Rate. **Rate disclosed with an asterisk (**) represents the lowest possible APR for that loan. Rate based on credit worthiness, term and other conditions. Contact us to determine your qualifying APR. Secured loan terms between 61 – 72 months – $15,000 minimum amount financed. Secured loan terms between 73 – 84 months – $20,000 minimum amount financed. Secured loan terms between 85 – 120 months – $30,000 minimum amount financed. ²Payment example given is the monthly payment per $10,000 borrowed for the rate and term specified. A .25% discount off your qualifying APR is available. Member must enroll in auto payment to qualify for the .25% discount. The minimum rate with any discount is 10.00% APR (APR will not increase after consummation).
Use the Loan Calculator to estimate your monthly payment.
Personal Loans
Rates as of September 17th, 2024
PERSONAL LOANS
| APR* as low as | Term | 2 Payment example |
|---|---|---|
| 9.50% ** | 60 months | $21.01 |
*APR=Annual Percentage Rate. **Rate disclosed with an asterisk (**) represents the lowest possible APR for a Personal Loan. Rate based on credit worthiness, term and other conditions. Contact us to determine your qualifying APR. ²Payment example given is the monthly payment per $1,000 borrowed for the rate and term specified. A .25% discount off your qualifying APR is available. Member must enroll in auto payment to qualify for the .25% discount. The minimum rate with any discount is 8.50% APR (APR will not increase after consummation).
Use the Loan Calculator to estimate your monthly payment.
CREDIT BOOST LOANS
| APR* | Term | 2 Payment example |
|---|---|---|
| 18.00% ** | 12 months | $91.69 |
Minimum loan amount is $500 – Maximum loan amount is $1000. Borrower must be a member of the Credit Union in good standing for at least six (6) months. Limit of three (3) Credit Boost loans during six (6) month time frame, per member and you may only borrow one Credit Boost loan at a time. Must provide proof of income. Minimum income of $1000/month is required. APR (Annual Percentage Rate) is set at 18%. A $1000.00 Credit Boost Loan for a term of 12 months with an 18% APR, the monthly payment will be $91.69. $20 non-refundable application fee (payable with application or added to the principal of the loan).
Use the Loan Calculator to estimate your monthly payment.
SHARE SECURED LOANS
| APR* | Term | 2 Payment example |
|---|---|---|
| 5.49% | 36 months | $30.19 |
| 5.99% | 60 months | $19.33 |
| 6.50% | 72 months | $16.81 |
| 6.65% | 84 months | $14.93 |
*APR=Annual Percentage Rate. ²Payment example given is the monthly payment per $1,000 borrowed for the rate and term specified. A .25% discount off your qualifying APR is available. Member must enroll in auto payment to qualify for the .25% discount. The minimum rate with any discount is 5.99% APR (APR will not increase after consummation).
Use the Loan Calculator to estimate your monthly payment.
ADDITIONAL LOANS
| Loan Type | APR* |
|---|---|
| Overdraft Protection Loans | 12.00% |
*APR = Annual Percentage Rate. All loan rates subject to change without notice. All loans are subject to credit approval. Certain terms and conditions may apply. Americo FCU membership is required. Membership Share $5.00 par value (par value is not a fee). Contact a loan officer for additional information at (814) 899-6608. Finance charge based off of APR and total loan amount ($1000.00 max).
| Loan Type | APR* |
|---|---|
| Mastercard Credit Card No annual fee | 6.75% to 18.00% when you open your account, based on your creditworthiness |
| Balance Transfers | 6.75% to 18.00% based on your creditworthiness |
| Cash Advances | 6.75% to 18.00% based on your creditworthiness |
*APR=Annual Percentage Rate. Your APR will be based on your creditworthiness at the time you open your account. Americo FCU membership is required. Membership Share $5.00 par value (par value is not a fee). All loan rates subject to change without notice. All loans are subject to credit approval. Certain terms and conditions may apply. Contact a loan officer for additional information at (814) 899-6608.
Mortgage Loans
Rates as of October 1st, 2024
MORTGAGE LOANS
Mortgage loans are limited to primary residences located in Erie and Crawford Counties in PA. Property insurance is required. Mortgage application fees from $500 to $650 apply. Maximum loan-to-value of 80%. Interest on mortgage loans may be tax deductible, consult a tax adviser. Contact loan department for additional information. Americo FCU membership is required. Membership Share $5.00 par value (par value is not a fee). For more information on mortgage interest rates, limits, or fee schedule, please contact the loan department at (814) 899-6608. Americo Federal Credit Union is an Equal Housing Lender licensed by the National Licensing System under NMLS #565406.
Second Mortgage (Fixed rate, closed-end loan)
| APR* 80% equity | Term | Payment Example² |
|---|---|---|
| 5.99% | 60 months | $191.31 |
| 6.74% | 120 months | $114.80 |
| 6.99% | 180 months | $89.86 |
*APR = Annual Percentage Rate. Minimum loan amount is $10,000.00 ²The payment example given is the monthly payment per $10,000.00 borrowed for the rate and term specified and does not include taxes and insurance premiums. Your payment may be greater. Use the Loan Calculator to estimate your monthly payment.
Home Equity (Variable rate***, open-end loan)
| APR* 80% equity | Term | Payment Example² |
|---|---|---|
| 8.00% | up to 120 months | $121.34 |
*APR = Annual Percentage Rate Minimum loan amount is $10,000.00. ***Home Equity Loans are variable rate loans – rate based on Prime Rate published in the Wall Street Journal. Rate is subject to change quarterly. The annual percentage rate may increase after consummation of the Home Equity Line of Credit. The maximum annual percentage rate for a Home Equity Line of Credit that can apply is 18.00% or the maximum permitted by law, whichever is less – the minimum floor annual percentage rate that can apply is 1.00%. Property insurance is required. Americo FCU membership is required. Mortgage application fees from $500 to $650 apply. Membership Share $5.00 par value (par value is not a fee). Interest on mortgage loans may be tax deductible, consult your tax adviser. For more information on mortgage interest rates, limits or fee schedules, please contact the loan department. ²The payment example given is the monthly payment per $10,000 borrowed for the rate and term specified and does not include taxes and insurance premiums. Your payment may be greater. Use the Loan Calculator to estimate your monthly payment.
Share Rates
Share Rates as of November 18th, 2024
Share Certificate Rates as of November 20th, 2024
Share/Savings Accounts
| Account Type | Dividend Rate | APY* | Minimum Balance |
|---|---|---|---|
| Share/Savings | 0.10% | 0.10% | $5.00 |
| Share Draft/Checking | 0.05% | 0.05% | none |
| Club Accounts | 0.10% | 0.10% | none |
| IRA’s (Individual Retirement Accounts) | 0.30% | 0.30% | none |
*APY = Annual Percentage Yield. The disclosed dividend rates are variable and may change after opening the account(s). Membership Share $5.00 par value (par value is not a fee). Fees may reduce earnings. Minimum balance is to earn APY.
Money Market Accounts
| Money Market Accounts | Dividend Rate | APY* |
|---|---|---|
| Tier 1 – $2,500 – $9,999 | .70% | .70% |
| Tier 2 – $10,000 – $49,999 | .80% | .80% |
| Tier 3 – $50,000 – $99,000 | 1.00% | 1.00% |
| Tier 4 – $100,000 + | 1.05% | 1.05% |
*APY = Annual Percentage Yield. The disclosed dividend rates are variable and may change after opening the account(s). Money Market accounts require a minimum deposit of $2,500.00 to open the account and a minimum balance of $2,500.00 to earn APY. Money market rates increase at the following tiers: $10,000 – $50,000 – $100,000+. Dividends are calculated and paid monthly based on the average daily balance during the month. If the balance falls below the minimum balance, no dividend will be paid for that month. Dividends post to the Money Market account.
Share Certificates
| Share Certificate Term | Dividend Rate | APY* | Minimum Balance To Earn APY |
|---|---|---|---|
| 12 month | 3.25% | 3.25% | $500 |
| 18 month | 3.00% | 3.00% | $500 |
| 24 month | 2.80% | 2.80% | $500 |
| 36 month | 2.75% | 2.75% | $500 |
| 48 month | 2.50% | 2.50% | $500 |
| 60 month | 2.50% | 2.50% | $500 |
*APY = Annual Percentage Yield. The disclosed dividend rates are variable and may change after opening the account(s). Share Certificate rates are fixed at time of purchase. Dividends do not compound on the share certificate. Dividends are paid into member’s primary share (01) account. Credit Union may impose a penalty for early withdrawal. Minimum balance is to earn APY. Current Share Certificate rates apply to new money only. New money must be deposited from a source outside Americo Federal Credit Union; transfers between Americo accounts will not qualify.
IRA Share Certificates
| IRA Share Certificate Term | Dividend Rate | APY* | Minimum Deposit & Balance |
|---|---|---|---|
| 12 month | 3.25% | 3.25% | $500 |
| 24 month | 2.80% | 2.80% | $500 |
| 36 month | 2.75% | 2.75% | $500 |
| 48 month | 2.50% | 2.50% | $500 |
| 60 month | 2.50% | 2.50% | $500 |
*APY = Annual Percentage Yield. The disclosed dividend rates are variable and may change after opening the account(s). IRA Share Certificate rates are fixed at time of purchase. Dividends do not compound on the IRA share certificate. Dividends are paid into member’s IRA accumulation account. Credit Union may impose a penalty for early withdrawal. Share Savings Accounts: Regular Share Savings Accounts require a minimum balance of $5.00. Penalty imposed for early withdrawal on Share Certificates and IRA Share Certificates. All rates are subject to change without notice. Fees may reduce earnings on the account(s). Dividends are paid from current income and available earnings after required transfers to reserves at the end of the dividend period. Rates effective as of the date shown above. Contact Americo FCU for current rates, applicable terms and fees. Current Share Certificate rates apply to new money only. New money must be deposited from a source outside Americo Federal Credit Union; transfers between Americo accounts will not qualify.
Fees
Effective June 22nd, 2020
As a condition of membership, you must purchase and maintain the minimum required share(s) as set forth below. Par Value of One Share – $5.00 Number of Shares Required – 1
IRA SHARE ACCOUNT FEES
| Fee | Amount |
|---|---|
| IRA Account Closure | $25.00/account(if closed within 1 year of opening) |
| IRA Account Outgoing Transfer | $25.00 / request |
SHARE DRAFT ACCOUNT FEES
| Fee | Amount |
|---|---|
| Nonsufficient Funds | $28.00 |
| Courtesy Pay | $28.00 with a maximum of 4 charges per day. ** |
| Returned Item | $28.00 / item |
| Stop Payment | $25.00 / request $25.00 / block of checks |
| Copy of Paid Share Draft | $3.00 / item |
| Overdraft Transfer | $10.00, 1 free per month |
| Bill Payer | $5.75 / month |
| Recurring Debit Overdraft | $28.00 |
| Inactivity Fee | $5.00/month after 6 months of inactivity |
OTHER SERVICE FEES
| Fee | Amount |
|---|---|
| Wire Transfer: Incoming Outgoing International |
$20.00 / transfer $25.00 / transfer $40.00 / transfer |
| Western Union: Within the U.S. | $20.00 / transfer |
| Money Order | $2.00 / money order |
| Money Order stop payment | $15.00 |
| Account Reconciliation | $20.00 / hour ($10.00 minimum charge) |
| Account research | $20.00 /hour ($10.00 minimum charge) |
| Account activity printout | $3.00 / printout |
| Deposited item return | $28.00 / item |
| Dormant account | $5.00 /month, after 24 months of no account activity |
| Copy of statement | $3.00 / statement |
| Overdraft | $28.00 / item |
| Courtesy Pay | $28.00 with a maximum of 4 charges per day. |
| Return item | $28.00 / item |
| Share draft printing | $10.00 / year if statement is returned Unusable with no forwarding address |
| Overdraft Transfer | $10.00 / transfer |
| VISA Gift Card | $2.50 each |
| Account verification processing | $10.00 / verification |
| Postal address service correction | $5.00 / account |
| Canadian check processing | $35.00, does not include exchange rate |
| Court order / legal / tax levy | $35.00 |
| Shared Service Center Access | $2.00 / account per visit |
| Non-member check cashing | $2.00 |
| Escheats |
$50.00 |
| Official Checks |
$2.50 / Check after 5 free |
EFT FEES
| Fee | Amount |
|---|---|
| ACH Overdraft | $28.00 / item |
| ATM Inquiry | $1.00 / inquiry |
| ATM Withdrawal/transfer | $1.00/transaction, 8 free per month (waived for transactions at Proprietary ATMs) |
| Audio Response/Telephone Teller Calls | $2.00 /call, after four (4) free per month |
| Balance Transfer |
$10.00 or 3.00% of the amount of each transfer, whichever is greater |
| Card Replacement | $10.00 / card |
| Card Rush |
$50.00 |
| Courtesy Pay | $28.00 with a maximum of 4 charges per day. |
| Letter Check |
$10.00 or 3.00% of the amount of each transfer, whichever is greater |
| Mastercard Return Payment |
$28.00 |
| PIN Reminder |
$2.00 |
| Online Banking: Stop Payment Return Items | $25.00 / $28.00 |
| Overdraft Transfer | $10.00 / transfer |
| Over Limit |
$10.00 |
The rates and fees appearing on this Schedule are accurate as of the effective date shown above. If you have any questions or require current fee information on your accounts, please call the Credit Union.
**A maximum of four overdrafts will be covered per day for a maximum fee of $112.00 per day. Share draft accounts with a negative balance will be closed after 45 days. Must pass Chex systems report. Other restrictions apply. The credit union will provide a periodic statement disclosure regarding the total amount of overdraft fees and charges imposed on an account for the statement period and the calendar year-to-date.
Statutory Lien Notice. If you are in default on a financial obligation to Americo Federal Credit Union, Federal Law gives us the right to apply member shares, dividends and deposits in your account(s) at the time of default to satisfy the obligation. When you default, we may exercise the right without further notification to you. Further, we may impress shares of any member who is a responsible party on a financial obligation in default at the credit union.
We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act. NMLS#565406.
