NIU Employees Federal Credit Union
| Current Rates |
Product Rates
as of August 1,
2008
All Rates Subject To Change
Fill in the On-Line Loan Application form. Print a copy for your records.
Your application will be e-mailed to us by a secure server.
Shares | Certificates | Loans
Share Rates
Dividends are calculated quarterly
|
Type |
Rate |
APY |
|
Savings |
1.00% |
1.00% |
|
Christmas Club |
1.00% |
1.00% |
(APY is the Annual Percentage Yield)
Certificate of
Deposit Rates
CD RATES ARE GOOD FOR RENEWALS
ONLY!
We are currently NOT
offering any new Certificates of Deposit
|
Term |
Rates |
A.P.Y. |
Minimum Balance |
|---|---|---|---|
|
6 months |
1.50% |
1.51% |
$1,000.00 |
|
12 months |
2.00% |
2.02% |
$1,000.00 |
|
24 months |
2.43% |
2.45% |
$1,000.00 |
|
36 months |
2.90% |
2.93% |
$1,000.00 |
|
48 months |
3.15% |
3.19% |
$1,000.00 |
|
60 months |
3.58% |
3.63% |
$1,000.00 |
Loan Rates
The following rates are
for NEW loans only. NEW MONEY
(Policy)
If you are not a NIU employee and you want to apply for a loan with us, please fax us the last two paystubs from your current employer so we can verify your income. Our fax number is (815) 753-7405. Thank you!
|
Type |
Description |
APR |
|---|---|---|
|
New Cars |
1-48 Months |
4.75% |
|
49-72 Months |
5.25% |
|
|
Used Cars 2007-2005 |
1-60 Months |
6.00% |
|
Used Cars 2004-2001 |
1-36 Months |
6.50% |
|
Used Cars 2004-2001 |
37-54 Months |
7.00% |
|
Used Cars 2000 & older |
1-36 Months |
8.00% |
|
Signature Loans |
12 Months |
8.00% |
|
24 Months |
9.00% |
|
|
36 Months |
10.00% |
|
|
Shared Secured Loans |
12 Months |
5.00% |
|
24 Months |
6.00% |
|
|
36 Months |
7.00% |
|
|
48 Months |
8.00% |
|
|
60 Months |
9.00% |
|
|
CD Secured Loans |
6 Months |
2% over CD rate |
|
12 Months |
2% over CD rate |
|
|
24 Months |
2% over CD rate |
|
|
Overdraft Protection Loan |
36 Months |
10.00% $20 Annual Fee Feb. 1 Payments made from checking on the 15th each month. |
|
Home Equity Loans |
15 Years 7-year draw with interest only payments, then 8-year repayment of principle & interest. |
Prime MINUS 1.00% After the 7-year draw period, your rate will lock in as Prime only for the remaining 8-year repayment term. The rate for this loan is variable. Base rate of 5.25% APR and the MAX APR is 18% NO CLOSING COSTS! $20 Annual Fee Feb. 1 |
Send mail to
jebaird@niu.edu with questions or
comments about this web site.
Last modified:
08/13/08