- Services
- Deposit Accounts
- Loans
- Rate and Fee Schedules
- What's New at SCU
- Share Savings Accounts
- Share Draft (checking) Accounts
- No-Fee - Interest Bearing Share Draft Accounts
- Share Certificates
- Loans
- On Line Banking
- Direct Deposit
- Notary Public - Members Only
- U2 Youth Club
- Quarterly Newsletter
- Life Savings Insurance
- Loan Protection Insurance
- Credit Disability Insurance (CDI)
- Insured up to $250,000 by NCUA
- A voice in your credit union operations
- Each member has a vote!
Deposit Accounts
- Share (Savings) Accounts
- Christmas Club
- Vacation Club
- Share Draft (Checking) Accounts
- Share Certificates
- Direct Deposit
- Life Savings Insurance
- NCUA Insurance
Loans
- Signature Loans
- New and Used Automobile Loans
- Home Equity Loan
- Share Secured Loan
- Collateral Loan
- Holiday/Seasonal Loans
- Youth Credit Builder Loan
- Loan Protection Insurance
- Credit Disability Insurance (CDI)
Rate and Fee Schedules
- Share Rates
- Loan Rates
- Fees
What’s New at SCU
Share (Savings) Account - Your share account is your "share" in Spojnia Credit Union as a member. An initial share deposit of $5.00 is required. Dividends are declared quarterly by the Board of Directors.
Christmas Club - Holiday expenses are easier when you save throughout the year with a Spojnia Credit Union Christmas Club. The club runs for fifty weeks and checks are disbursed October 1. Dividends are calculated by the average daily balance method and posted quarterly. Maximum amount is $5000.00.
Vacation Club - You work hard all year. Your vacation is your time to relax and refuel for next year's tough demands. Spojnia Credit Union's Vacation Club is exactly what you need to get the vacation you deserve. The club begins in April and runs for fifty weeks. Checks are disbursed each April 1. Dividends are calculated by the average daily balance method and posted quarterly. Maximum amount is $5000.00.
Share Draft Account - A Share Draft Account is the same as a checking account. No per check charge, no monthly maintenance fee, no minimum balance required, dividends are calculated by the average daily balance method and posted monthly. Checks are ordered through Harland Clarke and mailed directly to your home. Charges for printing the checks vary according to the style chosen.
Share Certificate of Deposit - A Share Certificate is a great way to earn higher annual percentage yield. These time deposits pay the highest possible ratesl The credit union currently offers a six, twelve, twenty-four and thirty-six month certificate. Rates are fixed for the entire certificate term. Dividends are calculated by the average daily balance method and posted quarterly. A minimum deposit of $1000.00 is required.
Direct Deposit - Your money is automatically deposited and immediately available regardless of where you are. You don't have to worry about a lost, stolen, or mail delayed check. Most federal payments are now issued by electronic funds transfer (EFT).
Life Savings Insurance - Is a term life insurance policy. The maximum coverage is $3000.00 on your share (savings) account. The member whose name appears first on the share account is covered. The credit union pays the premium. The amount of your insurance is based on the insured balance of your savings on the date of your death and how old you were on the date of each deposit that makes up that balance. The insured portion of your share balance may not exceed $3000.00. No benefit will be paid on your account after the age of 70.
National Credit Union Share Insurance Fund - a fund maintained by the United States Treasury and administered by the National Credit Union Administration (NCUA). Similar to the FDIC, the NCUA provides share insurance for credit union members, up to $250,000.00.
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U2 Youth Club- The Spojnia Credit Union's Board of Directors realizes how important the youth are to the future of the credit union. Having a share account teaches you how to save money for that something special. Whether you are saving for a bike or your first car, Spojnia Credit Union is here to help. U2 Youth Club means, you too can save. The youth program is split into three age categories: 0-6 years of age, 7-13 years of age and 14-18 years of age. An age appropriate gift is given to all new accounts, newsletters and contests are done quarterly. A $500.00 scholarship is given out annually to a Spojnia Credit Union member who is a high school senior furthering their education at the next level.
Online Banking/Internet Banking - With our internet banking service you can access your account online any time, day or night all from the covenience of your home or office. You can get detailed account and loan balances, histories, pay your bills online and much, much more!
Notary Service - Make an appointment to have your important papers notarized while you visit the credit union. Your advance appointment will guarantee that your credit union stop will accomplish all of your errands. This service is FREE to credit union members.
Members are Owners - Credit unions are non profit organizations that operate to best serve the needs of their members. As a credit union member, you're also part owner of your financial institution. You and the other members have a voice in how your credit union is run and an equal share of the financial advantages that membership brings. All members share equal ownership and voting privileges.
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Newsletter
MEMBER SHARE BALANCES MUST BE AT LEAST $205.00. ($5.00 REQUIRED SHARE AMOUNT PLUS $200.00 PLEDGE TOWARDS LOAN - EACH LOAN WILL REQUIRE A $200.00 PLEDGE)
Signature Loans - A quick and easy way to borrow money without collateral. Terms are available from 12 months to 60 months. Maximum amount $15,000.00 Apply Today
New Vehicle Loans - 100% Financing (excluding tax and tags). Spojnia Credit Union will loan up to $50,000.00. Cars over $15,000.00 may finance up to 5 years. Collateral - Car Title. The borrower must carry auto insurance against collision, fire, theft and comprehensive losses and the loss payee clause in favor of the Spojnia Credit Union. APPLY TODAY
Used Auto Loans - Maximum amount - granted according to clean loan value listed in NADA Official Used Car Guide. Collateral - Car Title. When a car title is used as collateral, the borrower must carry auto insurance against collision, fire, theft, and comprehensive losses and the loss payee clause in favor of the Spojnia Credit Union. Terms up to four (4) years. The Spojnia Credit Union Credit Committee is authorized to extend the repayment schedule to 5 years at 5.50% when sufficient collateral is available. APPLY TODAY
Home Equity Loans - When you need to borrow money for any reason, the cash you need may be right in your own home. Use the funds to consolidate debt, make home improvements, go green, pay for a college education and more. Terms - 5 and 10 years. The maximum loan is not to exceed 85% of the appraised value minus any first mortgage balance. Spojnia Credit Union will only accept first or second mortgage position. $100.00 non-refundable application fee. No Closing Costs! No Appraisal Fees! Contact the credit union for an application.
Share Secured Loans - You can make money and spend it too, with a Share Secured Loan. If you are considering withdrawing money from your share account to fund a purchase, think again. Why not borrow the money you need against your Share Account. You will get a great interest rate. Plus you can borrow up to five (5) years, and your money stays in the your account earning interest. As you pay down the loan, additional funds in your share account become available. Loan terms up to 60 months. APPLY TODAY
Collateral Loans - Spojnia Credit Union will loan up to $30,000.00. Terms up to 48 months. Collateral - equivalent to amount borrowed is necessary to secure this type of loan. It may be a car title whereby the lien can be recorded. Appropriate legal documents are required. When a car title is used as collateral, the borrower must carry auto insurance against collision, fire, theft, and comprehensive losses, and the loss payee clause, in favor of the Spojnia Credit Union. APPLY TODAY
Youth Credit Builder Loan - Spojnia Credit Union will extend credit to members at ages 16 and 17. A parent or guardian will be required to be a co-applicant. The youth must demonstrate the ability to repay the loan by providing proof of income sufficient to cover a monthly loan payment. In an effort to help our youth members establish credit and to promote good borrowing habits; there will be $25.00 required as security against the loan. A youth will be allowed to borrow against their shares provided that there are sufficient funds to borrow against. Maximum amount $1000.00. APPLY TODAY
Holiday/Seasonal Loans - Need extra money during the holidays? Spojnia Credit Union's low interest holiday loans are available. Minimum amount is $500, Maximum is $2500. Terms up to 24 months. APPLY TODAY
Loan Protection Insurance - Spojnia Credit Union borrowers are insured, if eligible, at no cost to themselves, up to the amount of the loan outstanding, in case of unexpected death or permanent total disability. Maximum amount is $25,000.00. Insurance terminates on your 70th birthday.
Credit Disability Insurance (CDI) - Spojnia Credit Union offers CDI to eligible members under age 65 and gainfully employed. If the borrower suffers total disability from sickness or accident, which continues beyond the policy-waiting period of fourteen days, loan payments will be made up to policy maximum. The premium is added to the loan payment.
RATES - EFFECTIVE JANUARY 01, 2010
APY - Annual Percentage Yield * APR - Annual Percentage Rate
RATES SUBJECT TO CHANGE WITHOUT NOTICE
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Share Rates
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APR
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APY
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NOTES
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Share (Savings) Account
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.10%
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.10%
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Under $100.00
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.75%
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.752%
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Over $100.01
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Christmas Club Account
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1.50%
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1.508%
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Maximum $5000.00
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Vacation Club Account
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2.00%
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2.015%
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Maximum $5000.00
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Share Draft Rates
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Share Draft (Checking) Account
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.10%
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.10%
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Under $100.00
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.75%
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.753%
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Over $100.01
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Share Certificates - $1000.00 Minimum
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Six (6) Month Share Certificate*
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1.00%
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1.004%
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Twelve (12) Month Share Certificate*
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1.50%
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1.508%
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Twenty Four (24) Month Share Certificate*
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1.75%
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1.762%
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Thirty Six (36) Month Share Certificate*
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2.15%
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2.167%
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*Share Certificate Rates Change Weekly
Penalties apply on early withdrawal
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Loan Rates
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Shares Loan
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3.50%
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Up to 48 Months
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4.25%
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Up to 60 Months
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New Vehicle Loan
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3.50%
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Up to 24 Months
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4.00%
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Up to 36 Months
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4.50%
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Up to 48 Months
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5.00%
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Up to 60 Months
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Used Vehicle Loan**
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4.00%
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Up to 24 Months
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4.50%
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Up to 36 Months
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5.00%
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Up to 48 Months
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**Some Restrictions Apply
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Signature Loan - Maximum $15,000.00
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Signature Loan
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6.00%
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Up to 12 Months
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7.00%
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Up to 24 Months
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8.00%
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Up to 36 Months
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Signature Loan – over $3000.00
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9.00%
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Up to 48 Months
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Signature Loan – over $5000.00
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10.00%
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Up to 60 Months
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Youth Credit Builder Loan – Maximum $1000.00
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Youth Credit Builder Loan
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6.00%
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Up to 12 Months
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Holiday/Vacation Loans - Maximum $2500.00
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Holiday/Vacation Loan
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6.00%
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Up to 12 Months
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7.00%
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Up to 24 Months
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Home Equity Loan
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Not to exceed 85% of the appraised value minus any first mortgage balance
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4.25%
5.25%
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Up to 60 Months
Up to 120 Months
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Rates subject to change without notice; however, loan rate received at closing remains in effect the life of the loan.
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Notice
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This rate sheet must be used in conjunction with the Truth-In-Savings account disclosures for you to have complete information regarding your account. Rates and yields are subject to change without notice. A penalty may be imposed for early withdrawal. Fees could reduce the earnings on the account. Withdrawals will reduce earnings. The Annual Percentage Yield ("APY") assumes that interest remains on deposit until maturity. For more information, please contact a Financial Service Representative at 570-344-1513.
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Copy of draft
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Fees accessed to the credit union will be passed on to the member as applicable.
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Stop payment one check
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Fees accessed to the credit union will be passed on to the member as applicable.
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Stop payment ACH payment
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Fees accessed to the credit union will be passed on to the member as applicable.
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Stop payment series of checks
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Fees accessed to the credit union will be passed on to the member as applicable.
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Wire transfer outgoing
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Fees accessed to the credit union will be passed on to the member as applicable.
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Wire transfer international
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Fees accessed to the credit union will be passed on to the member as applicable.
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Nonsufficient funds – preauthorized withdrawal
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Fees accessed to the credit union will be passed on to the member as applicable.
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Overdraft fee
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$20.00 per item
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Check printing fee
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Varies depending on style
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Copy of cancel check
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$3.00 per draft
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Balancing account
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$20.00 per hour or fraction thereof
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Special Promotions
The first box of checks is on us!!! Open a new share draft account before March 31, 2010 and receive your first box of blue safety checks free!
Need a new roof? New Windows? Going Green? School Tuition? – A Spojnia Credit Union Home Equity Loan is just for you. Spojnia Credit Union will loan 85% of the appraised value of your home minus any first mortgage. Five (5) and ten (10) year terms available. $100.00 non-refundable application fee. No Closing Costs! No Appraisal Fees! Rates are low and now is the time to replace that leaky roof, those old windows or purchase new energy efficient appliances. Did you know the number one value added to your home is a new deck? As a special bonus, all new home equity loans done before March 31, 2010 will receive a VISA Gift Card. Contact the credit union for rates and an application.
NEW VEHICLES: Finance a new vehicle with Spojnia Credit Union and receive a $25.00 VISA Gift Card at closing of the loan. USED VEHICLES: Bring Spojnia Credit Union your auto loan and we will finance the remaining balance for the amount of time left on your old loan. In addition we will take .25% off our current posted used automobile rate.**
**Spojnia Credit Union reserves the right to refuse to refinance a loan based on the age and value of the vehicle.
Offers end March 31, 2010.
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