SODES Federal Credit Union
bluebar
Online Banking
Order Checks
 
What's New
Who We Are
Products and Services
Rates
Helpful Links
Alerts
Contact Us
Home

Rates

chartsSHARE ACCOUNT DIVIDEND RATES:

AMOUNT:  APY:
$0.01 and > .10%
 

These rates effective June 10, 2014

SHARE CERTIFICATES OF DEPOSIT:
$5000 minimum deposit      12 month term   .35% APY

LOAN RATES:

Rates will be dependent upon the member's qualifications based on the Credit Union's credit scoring system. 

LOANLINER Addendum     APPLY NOW

 INSTRUCTIONS      This addendum is incorporated into and becomes a part of your LOANLINER Credit Agreement.  Please keep this attached to your LOANLINER Credit Agreement.

 The ANNUAL PERCENTAGE RATES, corresponding daily periodic rates and amount and due date of payments for each loan sub-account are shown below.  If there is no payment schedule, the amount and due date of payments will be determined at the time of each advance and disclosed on the Advance Request Voucher.  Other charges that may be imposed are also shown below (i.e., late charges, filing fees, collection costs).

SECURED                             Borrower Category:     Annual Percentage Rate:             Daily Periodic Rate:
Collateral is Given                                         
Loan amount is 100% of Retail Value
plus Sales Tax, Licensing & GAP                   
                                          

Term of 0-72 months                   Tier A                            2.50%                 .006849

Term of 0-72 months                   Tier B                            4.50%                 .012328

Term of 0-60 months                   Tier C                            5.50%                 .015068

Term of 0-60 months                   Tier D                            7.50%                 .020547

MATCH RATE PROGRAM:
SODES FCU staff can match an interest rate on a new secured loan when the member qualifies for A or B tier and proves they can obtain a lower rate through another financial institution.
 

SHARE PLEDGE                                                                      
Term = 0 - 72 months                                                      2.50%                    .006849
Maximum Loan Amount is $50,000

UNSECURED LOANS
Term = 0 - 36 months                       Tier A                     8.90%                         .024384
Maximum Loan Amount                    Tier B                     10.90%                       .029863
is lesser of $10,000 or                       Tier C                     13.90%                       .038082
2 times monthly gross income           Tier D                     16.90%                       .046301         

 *GOLD SIGNATURE LOAN              Tier A                    4.90%                           .013425
Call for details

OVERDRAFT PREVENTION TERMS::                  LOAN BALANCE    

Disbursed as needed to until limit is reached            $     1  -   500                   $25.00
Maximum Loan Amount is $1,000.00                       $ 501 - 1,000                   $50.00

              The Overdraft prevent loan rate is         18.00%                                 .049315

Your minimum payment is calculated after each advance.  The amount and due date of your payment will be established at the time of each advance and will be disclosed on the voucher accompanying the advance.  However, your minimum payment will never be less than $25.00 monthly.

 OTHER CHARGES:
You will be charged a $25.00 fee at the time of a new loan application.

If you elect member pay credit disability insurance, and/or single or joint credit life, the premiums will be added monthly to your loan.

 Any loan payment more than 10 days past due will be charged a $20.00 late fee.

Collection Costs:  You agree to pay all costs of collecting the amount you owe under this agreement to the extent permitted by state law.

You will be charged $20.00 service fee to skip one payment. You may not skip payments more than two times in a twelve month period. A completed Subsequent Action Form will need to be completed for approval.   

MATCH RATE PROGRAM:

Members in good standing rated Tier A or B qualify for this benefit.  SODES Federal Credit Union staff can match an interest rate on a new secured loan when the member proves they can obtain a lower rate through another financial institution.

Are you planning on purchasing a vehicle?  Use NADA's website to find the retail value of the vehicle to make sure you are getting a fair price.  Click on the car to enter NADA's website.

 
rushmore profile
redbar
Equal Housing LenderNCUAFederally insured by NCUA. Privacy Policy
For Customer Service, contact us at 605-626-2330 or SODESFCU@state.sd.us
© 2008 SODES Federal Credit Union, Aberdeen, South Dakota. Site by GLAS Consulting.