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Loan Rates effective as of 1/1/2021
Savings & Certificates Rates effective as of 9/01/2020
NOTE : We are required to ask you for income verification to complete all loan requests.
100% financing is based on NADA Clean Retail + Options + or - mileage adjustment.
We do not use any other book.
You can research a used vehicle value at www.nada.com
Loans (click here for a loan application) (Loan rates eff. 6/1/20)
(Loan applications with joint maker signing will constitute joint/cosigner responsibilities.) All loan rates are Fixed unless noted as Variable Rate.
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Term
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APR*
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Auto, Truck 100% financing of NADA Clean Retail Value or MSRP if New, Model years 2012-present
The older the vehicle, the shorter the term and higher the interest rate.Rate is FIXED rate. Stated Rates for New to 2 years old. An extra year's term adds 1% to stated loan rate. |
upto 5 years ** |
FIXED RATE as low as 2.75%*** to 4.00% |
Auto, Truck 80% financing of NADA Clean Retail Value or MSRP if New, Model years 2012-present
The older the vehicle, the shorter the term and higher the interest rate. Rate is FIXED rate. Stated Rates for New to 2 years old. An extra year's term adds 1% to stated loan rate. |
upto 5 years ** |
FIXED RATE as low as 2.25% to 3.50% |
Motorcycles, RVs, Boats, etc.100% financing of NADA Retail Value or MSRP if New, Model years 2012-present
The older the vehicle, the shorter the term and higher the interest rate. Rate is FIXED rate. Stated Rates for New to 2 years old. An extra year's term adds 1% to stated loan rate. |
upto 5 years ** |
FIXED RATE as low as 4.50% to 5.25% |
Signature Loans and Signature Line-Of-Credit
Interest rate is a Fixed rate and is based on credit score.
Line-Of-Credit has a minimum advance of $100.00 per transaction requirement. No additional fees or charges. |
upto approx. 3 years |
FIXED RATE
Line of Credit 9.9% to 16.9%
Closed End
8.90% to 15.9% |
| 12/12 Loan Rate is FIXED rate. |
1 year |
FIXED RATE 10% to 16% |
| Home Improvement Loan - contact us for details. Rate is FIXED rate. |
upto 10 years |
FIXED RATE 3.40% to 7.90% |
| Real Estate/Mortgage Loans - Contact Lucy (NMLS# 1140548)on phone extension 16 or email address: realestate@kembaky.org |
Credit Union NMLS #414341 |
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| Share (Savings) or CD secured Loan (IRA CD not eligible). Rate is FIXED rate. |
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3% above earning rate of pledged funds |
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| We do not have Pre-Payment Penalties or Balloon Payment Loans! |
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*** Example: Vehicle's NADA Clean Retail Value is $25K and you finance only $20K on a new to 2 year old vehicle, (and the best credit score) THEN 2.25% APR, 60 months = Rate per $1,000 borrowed monthly factor is $17.65. A loan financing $20,000 would be a monthly payment of $353.16 before any add-ons, such as Credit Insurance, GAP+ADR or Extended Warranty.
If the credit score is the lowest score, then on a new to 2 year old vehicle 10.00% APR, 60 months = Rate per $1,000 borrowed monthly factore is $21.26. A loan financing $20,000 would be a monthly payment of $425.47 before any add-ons, such as Credit Insurance, GAP+ADR or Extended Warranty. APR stands for 'Annual Percentage Rate'.
** upto 6 years available if financing over $20,000 and 80% financing at stated APR + 1%
*APR = Annual Percentage Rate
All loan rates mentioned above are Fixed Rates, meaning that the rates will not/ cannot fluxuate after consumation of the loan. The only exception is our Revolving Home Equity Line-Of-Credit, which has a variable rate that may change only twice a year - April 1st and October 1st.
Members who will qualify for the lowest rates will have a credit score of at least 680 when the credit union employee pulls the Transunion credit report using the FICO-Classic scoring.
NOTE : You must send income verification to the credit union to complete all loan requests. Please include 'household' income regardless of joint/cosigner signing or not.
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Investment Rates as of
April 1, 2020
| Savings - Federally insured by NCUA |
Minimum Balance
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Dividend/ Interest Rate% *
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| Regular Share/Savings |
$5.00
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0.05
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Share Draft/Checking
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n/a
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0.05
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| Christmas Club (no minimum deposit) |
n/a
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0.05
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Rates may change after account is opened.
Fees could change the earnings on the account.
Minimum deposit to open account is $5.00 (Five Dollars)
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*APY = Annual Percentage Yield
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Certificates - All require a $500.00 minimum deposit
Federally insured by NCUA
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Term
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Dividend/ Interest Rate%
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APY % *
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91 DAY
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0.15
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0.15
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6 MONTH
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0.20
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0.20
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12 MONTH
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0.30
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0.30
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18 MONTH
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0.30
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0.30
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24 MONTH
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0.35
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0.35
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30 MONTH
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0.35
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0.35
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36 MONTH
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0.45
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0.45
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48 MONTH
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0.50
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0.50
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60 MONTH
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0.70
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0.70
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| IRA - 1 st QUARTER |
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PASSBOOK
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0.15
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0.15
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18 MONTH
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0.30
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0.30
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24 MONTH
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0.35
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0.35
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30 MONTH
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0.35
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0.35
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A penalty will be imposed for early withdrawal.
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*APY = Annual Percentage Yield
FEE NOTIFICATION
The following fee schedule became effective October 1, 2019, until further notice.
. If you are opening a new checking account, upon 90 days of satisfactory checking experience, you will be automatically eligible for courtesy overdraft protection. If you wish to opt out of this program you must notify the credit union in writing. If you have questions, please contact the credit union. [Printer Friendly Link]
| ATM Withdrawals (7 free per month) |
$1.00 each after 7 per month
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| ATM / POS Overdraft |
$31.00
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| Card Replacement |
$5.00
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| Non-Sufficient Funds (NSF) Returns (Drafts and ACH) |
$31.00
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| Courtesy Overdraft Privilege Fee* |
$31.00
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| Returned Deposit Item |
$25.00
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| Stop Payment Order |
$15.00
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| NSF Stop Payment Order |
$31.00
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| Copy of Check |
$4.00
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| Copy of Statement |
$3.00
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| Interim Printout of Account |
$2.00 PER PAGE
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| WIRE TRANSFER |
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| ----------------Incoming |
FREE
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| ----------------Outgoing |
$20.00
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| ----------------International |
$50.00
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| Dormant Account Fee |
$5.00 per month
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| (No account activity for 6 months and less than $100.00 in account) |
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| Account Research per hour |
$25.00
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| Check Cashing |
$3.00
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| (Member with no KEMBA Lou CU loans and less than $100.00 in aggregate shares.) |
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| Third Party Certified Check |
$10.00
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| Processing Legal Request |
$35.00
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| (garnishments, tax levies, etc.) |
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| Returned statement due to bad address |
$5.00
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| Early account closure - (within 6 months of opening the account) |
$10.00
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| ATM card replacement |
$5.00
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| FAX Services for members - personal business |
$2.00
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| Foreign Item Deposit |
$35.00
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| Money Order Fee |
$2.00
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| Reopen a closed account |
$5.00
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| Coin Deposit |
2% of Deposit
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| Moving account at member request to new number (waived if due to fraud) |
$10.00
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| Verification of Deposit/Loans |
$5.00
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| Escheatment - Account abandoned 3 years |
$50.00 |
*Courtersy Pay Overdrat Protection will be available on your checking account 90 days after you open the account, if the account is in good standing. If you wish to OPT OUT of this program you must notify the Credit Union in writing.
KEMBA Louisville Credit Union, though sponsored by The Kroger Company, is independent from the Kroger Company and, also, we are not affiliated with any of the other 'KEMBA' credit unions.
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