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HEW Federal Credit Union RatesIndividual Retirement AccountsRates effective November 10, 2008| Account Type | APR | APY | Term | Min. Deposit | Min. Addtl. Deposit | Min. Balance | Comments | | | Traditional / Roth IRA / Coverdell Education Savings Variable Rate Share | 1.75% | 1.76% | N/A | None | None | None | Balances of less than $3,500.00 | | 2.00% | 2.02% | N/A | None | None | None | Balances of $3,500.00 and over | | | Traditional / Roth IRA Certificate | 3.01% | 3.04% | 12 Months | $500.00 | $25.00 | $500.00 | | 3.62% | 3.67% | 36 Month | $2,000.00 | $25.00 | $2,000.00 | | 3.93% | 3.93% | 60 Months | $2,500.00 | $25.00 | $2,500.00 | | | Coverdell Education Savings Certificate | 3.01% | 3.04% | 12 Months | $500.00 | $25.00 | $500.00 | | 3.62% | 3.67% | 36 Months | $500.00 | $25.00 | $500.00 |
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Signature LoansRates effective November 1, 2008 | Account Type | APR | Max. APR | Term | Amount | | | Signature Loan | As Low As *9.00% | 18% | Up to 84 months | $35,000 maximum |
* Preferred rates apply to "new money" loans when the borrower agrees to maintain during the term of the loan either:
(1) A Share Draft or Share Account funded by direct deposit of net check (pay, Social Security, retirement, and other recurring payments). Or (2) a minimum of $2,500 in unencumbered shares in the Credit Union.
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Share DraftRates effective November 10, 2008| Account Type | APR | APY | Min. Deposit | Min. Balance | Comments | | | Share Draft Checking | 0% | 0% | None | None | All Balances |
*First 50 checks are free. No monthly fees.
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Share AccountRates effective November 1, 2008| Account Type | APR | APY | Min. Deposit | Min. Addtl. Deposit | Min. Balance | Comments | | | Regular Share | 0% | 0% | $5.00 | None | $5.00 | Balances of less than $100.00 | | 0.25% | 0.25% | $5.00 | None | $5.00 | Balances of $100.00 and over
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Primary Membership Account Required to Join
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Holiday ShareRates effective November 10, 2008 | Account Type | APR | APY | Comments | | | Holiday Share | 0.00% | 0.00% | Balances of less than $100.00 | | 0.50% | 0.50% | Balances of $100.00 and over
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No minimum deposit, minimum balance, or minimum additional deposits.
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Warrior CertificateRates effective November 10, 2008 | Account Type | APY | Min. Deposit | Min. Addtl. Deposit | Min. Balance | | | 6 Month Certificate | 2.02% | $100 | $25 | Certificate Balances of $100 - $499.99 | | 2.12% | $100 | $25 | Certificate Balances of $500 - $999.99 | | 2.78% | $100 | $25 | Certificate Balances of $1,000 and over |
Warrior Certificates are available to H.D. Woodson High School students or any member under age 18.
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HEWEY SharesRates effective November 10, 2008| Account Type | APR | APY | Comments | | | HEWEY Shares | .40% | .40% | Balances of less than $100.00 | | .50% | .50% | Balances of $100.00 and over
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Available to eligible children from birth to 12 years old. A regular Share Account must be opened and maintained along with this sub-share.
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Auto LoansRates effective November 1, 2008 | Account Type | APR | Max. APR | Term | Amount | | | New Auto | As Low As *5.49% | 18% | Up to 60 Months | Up to 100% financing of Purchase Price | | As Low As *6.49% | 18% | 61 to 84 months | Up to 100% financing of Purchase Price | | | Used Auto | As Low As *6.99% | 18% | Up to 48 Months | Up to 100% financing of the NADA Loan Value | | As Low As *6.99% | 18% | Up to 60 months | Up to 100% financing of the NADA Loan Value | | | Used Auto | As Low As *7.99% | 18% | 61 to 84 months 30K+ | Up to 100% financing of the NADA Loan Value |
*Preferred rates apply to "new money" loans when the borrower agrees to maintain during the term of the loan either:
(1) A Share Draft or Share Account funded by direct deposit of net check (pay, Social Security, retirement, and other recurring payments). Or (2) A minimum of $2,500 in unencumbered shares in the Credit Union.
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Home EquityRates effective November 1, 2008 | Account Type | APR | Term | Amount | | | Fixed-Rate Loan | 6.75% | 5 Years | $250,000 maximum | | 7.00% | 7 Years | $250,000 maximum | | 7.50% | 10 Years | $250,000 maximum | | 8.00% | 15 Years | $250,000 maximum | | | *Line of Credit | 4.50% | N/A | $250,000 maximum |
*If the line of credit is under $75,000.00, member pays the settlement costs. If the line of credit is over $75,000.00, Credit Union will pay the settlement costs. Member will pay the Appraisal Cost
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Credit Cards (Fixed Rates)Rates effective November 1, 2008 | Account Type | Fixed APR | Amount | Comments | | | Visa Gold | 11.90% | $20,000 maximum | | | | Visa Secured | 7.90% | $10,000 maximum | | | Visa Classic | 14.90% | $5,000 maximum | | | Student Visa | 16.90% | $5,000 maximum |
Minimum monthly payment: 2% of your total new balance or $10 whichever is greater. (No interest on purchase balances paid within 25 days of the statement closing dates. Example: statement closing date 1/31, to avoid interest pay balance in full by 2/25.) See agreement for details.
* We reserve the right to increase the interest rate on any VISA account to an 18% APR, on any account which reflects a delinquency of 60 days or more within any time period.
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Boat and RV LoansRates effective November 1, 2008 | Account Type | APR | Max. APR | Term | Amount | | | New / Used RV's | As Low As *8.00% | 18% | Up to 72 months | Up to 100% financing of Purchase Price | | | New / Used Boats | As Low As *5.00% | 18% | Up to 72 months (up to $25,000) | Up to 100% financing of Purchase Price | | As Low As *6.00% | 18% | Over 72 months (over $25,000) | Up to 100% financing of Purchase Price |
* Preferred rates apply to "new money" loans when the borrower agrees to maintain during the term of the loan either:
(1) A Share Draft or Share Account funded by direct deposit of net check (pay, Social Security, retirement, and other recurring payments). Or (2) a minimum of $2,500 in unencumbered shares in the Credit Union.
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Share Draft OverdraftRates effective November 1, 2008| Account Type | APR | Amount | Comments | | | Share Draft Overdraft | 17.5% | $500 - $2,500 | Monthly payment will be $15 for each $500 or fraction of $500 of your loan balance |
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Line of CreditRates effective November 1, 2008| Account Type | APR | Amount | | | Line of Credit | 13.25% Variable* | $35,000 maximum |
The ANNUAL PERCENTAGE RATE (APR) will change on the 1st day of each quarter (January, April, July, and October) based on the interest rate Index. The Index is the Prime Rate published in the Wall Street Journal on the last day of each quarter plus a margin of 6%. The APR will never be more than 18.00% or the maximum rate allowed by NCUA, whichever is less. Any increase in the annual percentage rate as a result of an increase in the Index will result in higher payments. Your monthly payment for a variable rate line of credit balances will be 2.5% of the outstanding balances, however, your minimum payments will never be less than $10.00.
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Share-Secured LoansRates effective November 1, 2008| Account Type | APR | Term | Amount | | | Share-Secured Loan | Rate charged will be 3.00% above dividend rate paid, rounded up to next full percentage rate. Minimum 5.00% | 72 months (consumer purposes) | Value of shares pledged | | Rate charged will be 3.00% above dividend rate paid. Minimum 5.00% | 144 months (non-consumer purposes) | Value of shares pledged |
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Silver Share CertificatesRates effective November 1, 2008| Account Type | APR | APY | Min. Balance | | | 6 Month Certificate | 2.70% | 2.73% | $500.00 | | | 9 Month Certificate | 3.00 | 3.03% | $100.00 | | | 12 Month Certificate | 3.15% | 3.19% | $1,000.00 | | | 24 Month Certificate | 3.05% | 3.09% | $1,000.00 | | | 36 Month Certificate | 3.25% | 3.29% | $2,000.00 | | | 60 Month Certificate | 3.75% | 3.80% | $2,000.00 |
Substantial penalties apply for early withdrawal of Certificate funds. Effective June 1, 2003, the Variable Rate Index and Step-Up Certificates were discontinued. If you purchased a 30-Month Step-Up Certificate or a 48-Month Step-Up Certificate, refer to the 36 Month Silver Share Certificate for rate increase opportunities. 36- and 48-Month Silver Share Certificates are non-renewable with the balance transferred to your Main Share upon maturity, unless we are instructed otherwise. *New money only.
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Money ManagementRates effective November 10, 2008| Account Type | APR | APY | Min. Deposit | Min. Addtl. Deposit | Min. Balance | Comments | | | Money Management | 0% | 0% | None | None | None | Balances of less than $1,000.00 | | 1.20% | 1.21% | None | None | $1,000.00 | Balances of $1,000.00 to $10,000.00 | | 1.40% | 1.41% | None | None | $10,000.01 | Balances of $10,000.01 to $25,000.00 | | 1.75% | 1.76% | None | None | $25,000.01 | Balances of $25,000.01 to $50,000.00 | | 2.00% | 2.02% | None | None | $50,000.01 | Balances of $50,000.01 to $100,000.00 | | 2.50% | 2.52% | None | None | $100,000.00 | Balances over $100,000.00 |
Dividends are paid and compounded monthly. Withdrawal restrictions apply.
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Mortgage LoansRates effective November 1, 2008| Account Type | Term | Amount | Comments | | | Mortgages 1st Trust | 30 Years | Call for details | Please contact our Mortgage Department on 202-488-5400 x 1863 or 1-800-742-5582 x 1863. |
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Certificate-Secured LoansRates effective November 1, 2008 | Account Type | APR | Term | Amount | | | Certificate-Secured Loan | Rate charged will be 3.00% above dividend rate paid. Minimum 5.00% | Term of Loan not to exceed the earliest maturity date of Certificate(s) | Value of Certificate(s) pledged |
*Term not to exceed the earliest maturity date of certificate.
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