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Deposits
Share Savings Account
Last declared dividend rate: period ending June 30 2010
Annual Percentage Yield is accurate as of June 30, 2010
These dividend rates and annual percentage yields may change as determined by the credit union Board of Directors.
Tier I - As of the last dividend declaration date, if your daily balance was $10,000.01 or more, the dividend rate paid on the entire balance in your account was
.30%. This will result in an annual percentage yield of .30% when the current method of computation is applied.
Tier II - As of the last dividend declaration date, if your daily balance was $5,000.01 - $10,000.00, the dividend rate paid on the balance in your account was
.20%. This will result in an annual percentage yield of .20% when the current method of computation is applied.
Tier III - As of the last dividend declaration date, if your daily balance was $1,000.01 - $5,000.00, the dividend rate paid on the entire balance in your account was
.10%. This will result in an annual percentage yield of .10% when the current method of computation is applied.
Tier IV - As of the last dividend declaration date, if your daily balance was $.01 - $1,000.00, the dividend rate paid on the entire balance in your account was .05%. This will result in an annual percentage yield of .05% when the current method of computation is applied.
A minimum deposit of $25.00 is required to open a share savings account.
Christmas Club Account
Last declared dividend rate: As of the last dividend declaration date, the dividend rate was
.20%. This will result in an annual percentage yield of .20% when the current method of computation is applied.
No minimum balance required to earn annual percentage yield.
Fees could reduce the earnings on this account.
Special Savings Account
Last declared dividend rate: As of the last dividend declaration date, the dividend rate was
.20%. This will result in an annual percentage yield of .20% when the current method of computation is applied.
No minimum balance required to earn annual percentage yield.
If you close your account before dividends are paid, you will not receive the accrued dividends!
Contact an SCCU representative online or call 901-545-4414 or 901-377-8929 for most current rates.
Share Certificate Rates
As of July 22, 2010
Term |
$1,000 to $9,999 |
$10,000 and Above |
6 Month |
.79 / .79 APY* |
.89 / .89 APY* |
One Year |
1 .07 /1 .08 APY* |
1.17 / 1.18 APY* |
Two Year |
1.11 / 1.12 APY* |
1.21 / 1.22 APY* |
Three Year |
1.70 / 1.71 APY* |
1.80 / 1.81 APY* |
Teen Star Certificate
Term |
$250 Minimum |
6 Month |
.79 / .79 APY |
*ANNUAL PERCENTAGE YIELD
The dividend rate and annual percentage yield on share certificates is as shown above.
If you purchase a share certificate you will be paid this rate until first maturity.
COMPOUNDING FREQUENCY - Unless otherwise paid, dividends will be compounded every month.
CREDITING FREQUENCY - Dividends will be credited to your account every month. Alternately, you may choose to have dividends paid to you or to another account every month rather than credited to this account.
DIVIDEND PERIOD - For this account type, the dividend period is monthly.
EARLY WITHDRAWAL PENALTIES - (a penalty may be imposed for withdrawals before maturity) -
The penalty we may impose will equal 90 days dividends on the amount withdrawn subject to penalty.
Share Certificate rates are subject to change weekly.
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Your Savings Federally insured to at least $250,000 and backed by the full
faith and credit of the United States Government.
National Credit Union Administration, a U.S. Govt. Agency.
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Loans
Shelby County Credit Union adopted RISK-BASED PRICING in September 1999. Now we are better able to become the lender of choice for all members by offering the best possible rate based upon each individual's credit history. Our less creditworthy members benefit by qualifying for a loan with the credit union instead of resorting to higher cost alternatives such as finance companies. In addition, members with good credit history can qualify for lower rates at the credit union so they do not have to turn to other financing sources that are offering better rates to high quality applicants. By offering risk-based pricing, it gives us the ability to say "YES" to most members.
Loan Type |
APR |
New Autos, Boats, RVs, Motorcycles |
5.00% - 13.25%* |
Used Autos, Boats, RVs, Motorcycles |
5.50% - 15.50%* |
Shared Secured |
3% Above Current
Share APY |
Certificate Secured |
3.00% Above
Certificate Rate |
Personal Loans, Signature, Line of Credit, Appliance, Co-Maker |
10.75% - 17.99%* |
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Home Equity Line of Credit -
Variable Rate
*Closing cost approximately $200-$800
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Current Rate is Prime + 1.5
*annual percentage rate may vary. Maximum APR that may be imposed is 18%.
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All Rates are subject to change.
*APR = Annual Percentage Rate
APY = Annual Percentage Yield
We do business in accordance with the Federal Fair Housing Law
and the Equal Credit Opportunity Act.
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