RATES

Loan Rates

Rates effective

New Vehicle (autos & trucks 2013 and newer) Rates and Terms Top


Terms up to APR Approximate Monthly
Payment Per $1,000.00
24 Month As low as 2.79%* $42.88
36 Month As low as 2.79%* $28.99
48 Month As low as 2.79%* $22.05
60 Month As low as 2.79%* $17.88
72 Month As low as 3.29%* $15.33


Payment Example: On a $20,000.00 new auto loan, 60 month term with 2.79% APR, the monthly payment would be approximately $357.50. *For vehicles with 100,000+ in mileage add 1%

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Other Secured Loans
(Used Vehicles 2012 and older, all watercraft, motorcycles, ATVs, etc...) Rates and Terms
Top


Terms up to APR Approximate Monthly
Payment Per $1,000.00
24 Month As low as 3.50%* $43.21
36 Month As low as 3.75%* $29.42
48 Month As low as 4.00%* $22.58
60 Month As low as 4.25%* $18.54


Payment Example: On a $15,000.00 vehicle loan, 48 month term with 4.00% APR, the monthly payment would be approximately $338.70. *For vehicles with 100,000+ in mileage add 1%

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Motor Homes and Towable Campers
Rates and Terms
Top


Terms up to APR Approximate Monthly
Payment Per $1,000.00
36 Month As low as 3.50% $29.31
60 Month As low as 4.00% $18.42
84 Month As low as 5.50% $14.38
120 Month As low as 6.00% $11.11


Payment Example: On a $20,000.00 camper, 84 month term with 5.50% APR, the monthly payment would be approximately $287.44.

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Home Equity Top


Loan to Value APR Fixed Rate
80% As low as 4.75%
90% As low as 5.75%
100% As low as 6.75%

Home Equity
Line of Credit
Variable Rate Based off Prime Rate
80% As low as 3.25%  (Prime Rate)
100% As low as 4.25% (Prime + 1.00%)


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Personal Loans Top


Type of Loan Variable Rate
Personal Fixed Rate As low as 7.75%
**Overdraft Protection 8.25%
**Line of Credit 8.25%
*VISA Credit Card 8.25%
Share Secured As low as 4.50% (Fixed Rate)
Certificate Secured 3.00% Plus Highest Certificate Rate


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Loan Notes:

*VISA Credit Card: 
25 day grace period for purchases. The Annual Percentage Rate (APR) may vary and is determined by adding a margin of 5.00% to the prime rate as established in the Wall Street Journal. The interest is charged on the average daily balance, with a minimum finance charge of $0.50 each month. There is a late payment fee of $25.00.

Visa Cardholder Agreement


**Overdraft/Line of Credit:
Interest is charged from the date of the loan advance, and interest is charged on the balance on your account each day. There is a late payment fee of $25.00. The Annual Percentage Rate (APR) may vary and is determined by adding a margin of 5.00% to the Prime Rate as established in the Wall Street Journal.

All variable loan rates subject to change weekly.

Savings, Checking, and Certificate Rates



Note: The fees for specific accounts are listed along with the rates on this page. If you would like to see a complete listing of LINCONE Federal Credit Union fees, please click here.

Effective January, 1995, the Truth In Savings Act requires Credit Unions to use standard calculations and disclosures to enable members to comparison shop for Credit Union products. We are providing the following disclosure so that we may be in compliance with this Act.

APY = Annual Percentage Yield
All rates subject to change without notice.





IRA AND SHARE CERTIFICATE ACCOUNTS Top


Rates effective

Available Terms APY
3 - 5 months 0.07%
6 - 11 months 0.10%
12 - 17 months 0.25%
18 - 23 months 0.40%
24 - 35 months 0.50%
36 months 0.75%

Early Withdrawal Penalties
We may impose a penalty if you withdraw any of the principal in your account before the maturity date. Penalties are calculated as follows:
6 - 11, 12-17, 18, 23, 24 - 35, and 36 month maturities
We may impose a penalty if you withdraw any of the principal in your account before the maturity date. The penalty will equal 90 days dividend on the amount withdrawn.

3 month maturities
We may impose a penalty if you withdraw any of the principal in your account before the maturity date. The penalty will equal 30 days dividend on the amount withdrawn.
Renewal Policies
Your account will automatically renew on its maturity date. There is a 10 day grace period preceding and a 7 day grace period following the maturity of this account.

Bonuses
There are no bonuses associated with this account.

Transaction Limitations
After the account is opened, you may make deposits into the account until the maturity date stated on the share certificate.

Accrual of Dividends
Dividends will begin to accrue on the business day you deposit non-cash items (e.g. share drafts) to your account.

Nature of Dividends
Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period.

Compounding and Crediting
Dividends will be compounded monthly and will be credited to this share certificate account. The dividend period is monthly.

Minimum Balance Requirements
The minimum balance required to open an account is $500.00.

Balance Computation Method
Dividends on this account are calculated on the Daily Balance method. "Daily" means that a daily periodic rate is applied to the principal in the account each day.

Fees and Charges
The following fees and charges may be assessed against your account:

There are no other fees associated with this account.

Par Value of Shares; Dividend Period
The par value of a regular share in this Credit Union is $5. The dividend period of the Credit Union is (monthly), beginning on the first day of the month and ending on the last day of the month.

Insurance
Member accounts in this Credit Union are federally insured by the National Credit Union Share Insurance Fund.

Bylaw Requirement
The credit union reserves the right, at any time, to require members to give, in writing, not more than 60 days notice of intention to withdraw the whole or any part of the amounts paid in by them except for those amounts paid into share checking accounts.

No member may withdraw shareholdings that are pledged as required security on loans without the written approval of a loan officer, except to the extent that such shares exceed the member's total primary and contingent liability to the credit union.

No member may withdraw any shareholdings below the amount of his/her primary or contingent liability to the credit union if he/she is delinquent as a borrower, or if borrowers for whom he/she is a comaker, endorser, or guarantor are delinquent, without the written approval of a loan officer.




MONEY MARKET Top


This account is a Variable Rate Account. The Dividend Rate and Annual Percentage Yield (APY) may change daily.  As of , your Money Market Account will earn dividends according to the following schedule:

Balance Limits APY
$0.00 - $ 2,499.99 (aver. daily balance) 0.05%
2,500.00 - $ 4,999.99 (aver. daily balance) 0.10%
$5,000.00 - $ 24,999.99 (aver. daily balance) 0.10%
25,000.00 - $ 49,999.99 (aver. daily balance) 0.10%
$50,000.00 - $ 99,999.99 (aver. daily balance) 0.15%
$100,000.00 & greater (aver. daily balance) 0.15%


Nature of Dividends
Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period.

Compounding and Crediting
Dividends will be compounded monthly and will be credited to your account monthly. If you close this account before dividends are paid, you will receive the accrued dividends.

Minimum Balance Requirements
The minimum balance to open this account is $2,500.00. If the balance falls below the $2,500.00 minimum, you may be charged a fee as shown under "Fees and Charges".

Balance Computation Method
Dividends on this account are calculated using the Average Daily Balance method. This method applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period.

Date Dividends Accrue
Dividends will begin to accrue on the business day you deposit non-cash items to your account.

Fees and Charges
The following fees and charges may be assessed against your account:
Fees for going below the $2,500 minimum $15.00 monthly
Withdrawals or transfers above the six (6)monthly $  5.00 each
Check withdrawals above three (3) monthly $  5.00 each
NSF Drafts $15.00 each
NSF Drafts Paid $15.00 each
Returned Deposit Item $  varies*
Stop Payment Order $18.00 each
Statement Copies $  3.00 each
Microfilm Copy of Check $  3.00 each
Account Reconciliation Assistance $18.00 per hour
 
*Returned Deposits:
For returned checks less than $500 $10 per item
For returned checks $500.01 - $2,500.00 $15 per item
For returned checks more than $2,500.01 $20 per item


Transaction Limitations
Up to six (6) transfers are permitted per month at no charge, three (3) of which can be by check (i.e. each withdrawal by check in excess of three (3) per month is charged as shown in the fee schedule). Each withdrawal or transfer in excess of six (6) per month is charged as shown under "Fees and Charges."

Insurance
Member accounts in this Credit Union are federally insured by the National Credit Union Share Insurance Fund.

Bylaw Requirement
The credit union reserves the right, at any time, to require members to give, in writing, not more than 60 days notice of intention to withdraw the whole or any part of the amounts paid in by them except for those amounts paid into share checking accounts.

No member may withdraw shareholdings that are pledged as required security on loans without the written approval of a loan officer, except to the extent that such shares exceed the member's total primary and contingent liability to the credit union.

No member may withdraw any shareholdings below the amount of his/her primary or contingent liability to the credit union if he/she is delinquent as a borrower, or if borrowers for whom he/she is a comaker, endorser, or guarantor are delinquent, without the written approval of a loan officer.




PRIMARY AND CLUB SAVINGS ACCOUNT Top


This account is a Variable Rate Account. The dividend rate and Annual Percentage Yield (APY) may change every month as determined by the Credit Union board of directors.  As of , your Primary/Club Savings Account will earn dividends according to the following schedule:

Balance Limits APY
$0.00 - $ 24.99 (aver. daily balance) 0.00%
25.00 - $2,499.99 (aver. daily balance) 0.05%
$2,500.00 - $24,999.99 (aver. daily balance) 0.05%
25,000.00 - $49,999.99 (aver. daily balance) 0.05%
$50,000.00 + (aver. daily balance) 0.05%


Nature of Dividends
Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period.

Compounding and Crediting
Dividends will be compounded monthly and will be credited to your account monthly. If you close this account before dividends are paid, you will receive the accrued dividends.

Minimum Balance Requirements
The minimum balance to open this account is $25.00. You must maintain a minimum daily balance of $25.00 to earn dividends on this account.

Balance Computation Method
Dividends on this account are calculated on the Daily Balance method. "Daily" means that a daily periodic rate is applied to the principal in the account each day.

Date Dividends Accrue
Dividends will begin to accrue on the business day you deposit non-cash items (e.g. share drafts) to your account.

Fees and Charges
There is a $10.00 re-open account fee. There are no other fees or charges associated with this account.

Transaction Limitations
During any month, you may not make more than six withdrawals or transfers to another Credit Union account of yours or to a third party by means of a preauthorized or automatic transfer or telephonic order or instruction. No more than three of these may be made by check, draft, debit card, if applicable, or similar order. If you exceed these transfer limitation set forth above, your account may be subject to a fee or may be closed.

Par Value of Shares; Dividend Period
The par value of a regular share in this Credit Union is $5. The dividend period of the Credit Union is monthly, beginning on the first day of the month and ending on the last day of the month.

Insurance
Member accounts in this Credit Union are federally insured by the National Credit Union Share Insurance Fund

Bylaw Requirement
The credit union reserves the right, at any time, to require members to give, in writing, not more than 60 days notice of intention to withdraw the whole or any part of the amounts paid in by them except for those amounts paid into share checking accounts.

No member may withdraw shareholdings that are pledged as required security on loans without the written approval of a loan officer, except to the extent that such shares exceed the member's total primary and contingent liability to the credit union.

No member may withdraw any shareholdings below the amount of his/her primary or contingent liability to the credit union if he/she is delinquent as a borrower, or if borrowers for whom he/she is a comaker, endorser, or guarantor are delinquent, without the written approval of a loan officer.




SHARE CHECKING ACCOUNT Top


This account is a Variable Rate Account. The dividend rate and Annual Percentage Yield (APY) may change every month as determined by the Credit Union board of directors.  Rate as of , are as follows:

Balance Limits APY
$0.00 - $ 9,999,999.99 0.05%

Nature of Dividends
Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period.

Compounding and Crediting
Dividends will be compounded monthly and will be credited to your account monthly. If you close this account before dividends are paid, you will receive the accrued dividends.

Minimum Balance Requirements
The minimum balance to open this account is $0.00. You must maintain a minimum daily balance of $0.00 to earn dividends on this account.

Balance Computation Method
Dividends on this account are calculated on the Daily Balance method. "Daily" means that a daily periodic rate is applied to the principal in the account each day.

Date Dividends Accrue
Dividends will begin to accrue on the business day you deposit non-cash items (e.g. share drafts) to your account.

Fees and Charges
Share transfer to cover overdrafts $15.00 per transfer
Overdrafts/Returned items $30.00 per item
Stop Payment Order $18.00 per order
Check copies $ 3.00 per item
Account history $ 1.00 per computer screen
Credit Union assistance in reconciliation of account $18.00 per hour
Outgoing wire $12.00 per item
Teller checks $ 3.00 per item
Copies of Teller Checks $ 2.00 per item
Statement Copies $ 3.00 per statement
Account # Change $ 5.00 per occurrence
Check printing Fee varies on style and quantity of checks ordered. Specific information available upon request
ATM Fee Two (2) free foreign (non CO-OP) transactions. After the second transaction, a fee of $2.00 per transaction will be assessed.


Transaction Limitations
No transaction limitations apply to this account.

Par Value of Shares; Dividend Period
The par value of a regular share in this Credit Union is $5. The dividend period of the Credit Union is monthly, beginning on the first day of the month and ending on the last day of the month.

Insurance
Member accounts in this Credit Union are federally insured by the National Credit Union Share Insurance Fund

Bylaw Requirement
The credit union reserves the right, at any time, to require members to give, in writing, not more than 60 days notice of intention to withdraw the whole or any part of the amounts paid in by them except for those amounts paid into share checking accounts.

No member may withdraw shareholdings that are pledged as required security on loans without the written approval of a loan officer, except to the extent that such shares exceed the member's total primary and contingent liability to the credit union.

No member may withdraw any shareholdings below the amount of his/her primary or contingent liability to the credit union if he/she is delinquent as a borrower, or if borrowers for whom he/she is a comaker, endorser, or guarantor are delinquent, without the written approval of a loan officer.




IRA SHARE ACCOUNT Top


This account is a Variable Rate Account. The dividend rate and Annual Percentage Yield (APY) may change every month as determined by the Credit Union board of directors. As of , your IRA Share Account will earn dividends according to the following schedule:

Balance Limits APY
All Balances 0.25%

Nature of Dividends
Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period.

Compounding and Crediting
Dividends will be compounded monthly and will be credited to your account monthly. If you close this account before dividends are paid, you will receive the accrued dividends.

Minimum Balance Requirements
The minimum balance to open this account is $0.00. You must maintain a minimum daily balance of $0.00 to earn dividends on this account.

Balance Computation Method
Dividends on this account are calculated on the Daily Balance method. “Daily” means that a daily periodic rate is applied to the principal in the account each day.

Date Dividends Accrue
Dividends will begin to accrue on the business day you deposit non-cash items (e.g. share drafts) to your account.

Fees and Charges
The following fees and charges may be assessed against your account:
If all funds are withdrawn and the account closed, there will be a $5 fee charged to the member to reopen the account.
Transaction Limitations
During any month, you may not make more than six withdrawals or transfers to another Credit Union account of yours or to a third party by means of a pre-authorized or automatic transfer or telephonic order or instruction. No more than three of these may be made be check, draft, debit card, if applicable, or similar order. If you exceed these transfer limitations set forth above, your account may be subject to a fee or may be closed.

Par Value of Shares: Dividend Period
The par value of a regular share in this Credit Union is $5. The dividend period of the Credit Union is monthly, beginning on the first day of the month and ending on the last day of the month.

Insurance
Member accounts in this Credit Union are federally insured by the National Credit Union Share Insurance Fund.

Bylaw Requirement
The credit union reserves the right, at any time, to require members to give, in writing, not more than 60 days notice of intention to withdraw the whole or any part of the amounts paid in by them except for those amounts paid into share checking accounts.

No member may withdraw shareholdings that are pledged as required security on loans without the written approval of a loan officer, except to the extent that such shares exceed the member's total primary and contingent liability to the credit union.

No member may withdraw any shareholdings below the amount of his/her primary or contingent liability to the credit union if he/she is delinquent as a borrower, or if borrowers for whom he/she is a comaker, endorser, or guarantor are delinquent, without the written approval of a loan officer.