Rates

All rates and terms on the FECU website are effective as of 12/01/2019. 

*Rates subject to change. Rates quoted are the lowest possible including relationship discounts. Fees or other conditions could reduce the earnings on the account. Term of loans may vary based on age of collateral and applicant's credit history. Other conditions may apply. APR = Annual Percentage Rate. 

For the most current mortgage rates, go to  the Online Mortgage Center. An example of a 5-year fixed rate home equity loan monthly payment at the quoted rate would be 60 monthly payments of $380.00 on a $20,000 loan. For the variable rate home equity line of credit, the APR will vary based on the Prime Rate index as published in the Wall Street Journal. 

Savings Account Rates

Savings Accounts Dividend Rate APY
Primary Share 0.85% 0.85%
Christmas Club 0.85% 0.85%
Vacation Club 0.85% 0.85%
Special Club 0.85% 0.85%

Dividends are compounded and paid monthly. The Primary Share begins earning dividends once you reach a minimum balance of $25.

Checking Account Rates

Checking Accounts Dividend Rate APY
Checking 0.30% 0.30%

Dividends are compounded and paid monthly. The Primary Share begins earning dividends once you reach a minimum balance of $25.

Visa® Credit Card Rates

Visa APR
Standard Rate 10.90%

Closed End Home Equity Rates

 Home Loans Term APR
Closed End 80% LTV and lower 60 months or less 4.75-5.25%
Closed End 81% - 90% LTV 60 months or less 5.25-5.75%
Closed End 80% LTV and lower 61 - 120 months 5.75-6.25%
Closed End 81% - 90% LTV 61 - 120 months 6.25-6.75%
Closed End Balloon Note 80% LTV and lower 10-20 yr. ammort. with 5 yr balloon 4.75-5.25%
Closed End Balloon Note 81% - 90% LTV 10-20 yr. ammort. with 5 yr balloon 5.25-5.75%

Available to Minnesota, Arizona, Indiana, Georgia, Kansas, and Missouri Residents

Home Equity Line of Credit Rates

Home Equity APR
Home Equity Line of Credit 80% LTV and lower 4.25% variable
Home Equity Line of Credit 81% - 90% LTV 5.25% variable

Available to Minnesota, Arizona, Indiana, Georgia, Kansas, and Missouri Residents

Home Improvement Loan Rates

Home Improvement Term APR
Home Improvement Secured* 7.50-8.00%
Home Improvement Unsecured 8.75-9.25%

Available to Minnesota, Arizona, Indiana, Georgia, Kansas, and Missouri Residents

Auto Loan Rates

Auto APR
Auto Loans (2018 and newer) 2.50-3.00%
Auto Loans (2015 to 2017) 3.00-3.50%
Auto Loans (2012 to 2014) 3.75-4.25%
Auto Loans (2011 and older) 4.75-5.25%

Recreational Vehicle Loan Rates

Recreational Vehicles * APR
Rec Vehicles (2018 and newer) 3.25-3.75%
Rec Vehicles (2015 to 2017) 3.75-4.25%
Rec Vehicles (2012 and 2014) 4.25-4.75%
Rec Vehicles (2011 and older) 5.25-5.75%
Other Securities 5.25-5.75%

* Motorcycles, Boats, Campers, ATV, Jet Skis, Snowmobiles, etc.

Personal Loan Rates

Personal APR
Fixed 10.90%
Line of Credit 10.90%

Certificate Term Rates

Certificate Term Dividend Rate APY
6 months 1.30% 1.31%
12 months 1.50% 1.51%
24 months 1.70% 1.71%
36 months 2.00% 2.02%
48 months 2.40% 2.42%
60 months 2.55% 2.57%
$ave-N-Grow - 9 months 1.40% 1.41%

Dividends are compounded and paid quarterly. Minimum balance to open is $100 for the Kids Club certificate and $1,000 for all others. There is an early withdrawal penalty. There is a 10 day grace period at the end of the term during which you can withdraw your money without penalty.

Money Market Rates

Money Market Dividend Rate APY
$2,499.99 or less 0.85% 0.85%
$2,500 - $9,999.99 0.90% 0.90%
$10,000 - $24,999.99 0.95% 0.95%
$25,000 - $49,999.99 1.05% 1.06%
$50,000 - $74,999.99 1.15% 1.16%
$75,000 or more 1.25% 1.26%

Dividends are compounded and paid monthly. Minimum balance to open is $2,500. If your balance drops below $2,500, you earn the same rate as the Primary Share. You can with draw 3 times per month, minimum of $500 and there is a $15 fee for each additional withdrawal.

Share Secured Loan Rates

Share Secured APR
Term Share Certificates Current rate earned on Term Share Certificate being used as collateral plus 2.00%

Student Loan Rates

Student APR
Variable, Unsecured 4.25%