August 18, 2017
   

 

Equal Housing LenderEqual Opportunity Lender

 Federally Insured

by

NCUA

 

Spojnia Credit Union does its

best to be complaint with the

Americans with Disabilities Act (ADA)

Products and Services

 

          

 

Deposit Accounts  Loans   Rates  Fees   U2 Youth Club   Miscellaneous   What's New at SCU   Newsletter

  • Services
  • Deposit Accounts
  • Loans
  • Rate and Fee Schedules
  • What's New at SCU

Services

  • Share Savings Accounts
  • No-Fee - No Minimum Share Draft Accounts
  • Share Certificates
  • Loans
  • On Line Banking
  • Email Blast
  • Direct Deposit
  • Notary Public - Members Only
  • U2 Youth Club
  • Quarterly Newsletter
  • Credit Disability Insurance (CDI)
  • Insured up to $250,000 by NCUA
  • A voice in your credit union operations
  • Each member has a vote!
  • An exclusive benefit for The Polish National Union of America - its annuity and policyholders, social membership holders and its branches, districts and affiliated organizations as well as the parishes and affiliated organizations of The Polish National Catholic Church.

Deposit Accounts

  • Share (Savings) Accounts
  • Christmas Club
  • Vacation Club
  • Share Draft (Checking) Accounts
  • Share Certificates
  • Direct Deposit
  • Disclosures

Loans

  • Signature Loans
  • SCU Select Loans
  • Organization Loans
  • New and Used Automobile Loans
  • Home Equity Loan
  • Share Secured Loan
  • Collateral Loan
  • Holiday/Seasonal  Loans
  • Other TItled Property
  • Smart Option Student Loan®
  • Youth Credit Builder Loan
  • Credit Disability Insurance (CDI)

Rate and Fee Schedules

  • Share Rates
  • Loan Rates
  • Fees

 What’s New at SCU

 


Additional Services and Products

Spojnia Credit Union Email Blast - Be the first to know when rates change, new promotions or office closings due to inclement weater.  Register at www.spojnia.org

VISA® Gift Cards - Give the gift that lets them buy what they really want.  Visa® Gift Cards can be used anywhere VISA® is accepted worldwide, including in-store, online and by phone.  So they're more functional than a gift certificate and safer than cash. Great for Mother's and Father's Day, Graduations, First Holy Communion!   $10.00 Minimum Amount, $500.00 Maximum Amount, $2.50 Service Fee.

The Spojnia Credit Union Smart Option Student Loan® by Sallie Mae® - For borrowers attending degree-granting institutions. Now you can pay for college the smart way with three great repayment options and competitive interest rates!   The loan is an ideal solution to help you pay for college expenses not covered by scholarships and federal loans. To learn more or to apply, please get started here. 

SPRINT - Spojnia Credit Union has partnered with Sprint to bring our members major savings through the Sprint Credit Union Member Discount Plan.   This plan is available to new and existing Sprint customers.  There are three ways to get your discount: Call 877-728-3428 and let them know you are a Spojnia Credit Union member and ask to be part of the NACUC_ZZM Corporate ID to save, visit the website at  www.lovemycreditunion.org/sprint-credit-union-member-discount or visit the nearest Sprint store.

Internet Banking and Bill Payment are available with Spojnia Credit Union. Applications are available online under forms and applications. Apply today and have the convenience of reviewing your account online and paying your bills from your home or office.               

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Deposit Accounts

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.  Checks are ordered through a vendor 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, thirty-six, forty- eight and sixty  month share certificates. 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).  

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. Example

Disclosures                

Membership and Account Agreement 

Truth in Savings Disclosure

Electronic Fund Transfers Agreement and Disclosure

Funds Availability Policy Disclosure

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Loans

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 Loan - 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.

SCU Select Loan  - A short term loan with a maximum of $2500.00.  You select the reason, whether you are paying your taxes, consolidating debt or paying for automobile repairs.  This is the loan you want.  5.49% for 18 months, Maximum $2500, rate of 5.49% APR. APPLY TODAY

Organization Signature Loan - Parishes and other non-profit associations associated with the Polish National Union of America or the Polish National Catholic Church who have membership with Spojnia Credit Union are eligible to apply for loan.  Maximum amount is $49,999.99.  Terms up to 15 years. Some restrictions apply.  APPLY TODAY

New Vehicle Loans - 100% Financing (excluding tax and tags).  Spojnia Credit Union will loan up to $50,000.00.    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. Terms up to 72 Months  -  Some restrictions apply. Take the rebates from the dealership and finance your vehicle with Spojnia Credit Union. APPLY TODAY  

Used Auto Loans - Maximum amount - granted according to clean loan value listed in NADA Official Used Car Guide on vehicles 2006 or newer, limited terms. 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.  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, 7, 10  and 15 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!  Informational Pamphlet   Apply Today

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. Minimum $1000.00.  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

Other Titled Property  -   Boats, ATVs, Motor Homes, Motorcycles.  The certificate of title must list Spojnia Credit Union as lienholder.  An insurance binder must be provided indicating Spojnia Credit Union as lienholder  and adequate collision, comprehensive, and liability coverage.  New recreational vehicle value is determined by purchase order or dealer invoice.  Used recreational vehicle value is determined by using the appropriate NADA appraisal guide.  Maximum $50,000.00. APPLY TODAY

The Spojnia Credit Union Smart Option Student Loan® by Sallie Mae® - For borrowers attending degree-granting institutions.  Now you can pay for college the smart way with three great repayment options and competitive interest rates! The loan is an ideal solution to help you pay for college expenses not covered by scholarships and federal loans. To learn more or to apply, please get started here.  

The Smart Option Student Loan features and benefits:

  • We offer a choice of competitive fixed and variable interest rates providing even more choice and flexibility
  • No origination fees and no prepayment penalty
  • Multiple in-school repayment options available
  • Borrower benefits available  -  like rewards and interest rate redutctions
  • Rates that reward creditworthy borrowers
  • Applying with a creditworthy cosigner may help you qualify and/or receive a lower rate
  • 24/7 online account management

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

Credit Disability Insurance (CDI) - Spojnia Credit Union offers CDI to eligible members or co-borrowers under age 65 and gainfully employed.  If the borrower (co-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. 

We do business in accordance with the Federal Fair Lending Laws.  Under these laws, it is illegal, on the basis of race, color, nation origin, religion, sex, handicap, or familial status (having children under the age of 18) to:  Deny a loan for the purpose of purchasing, construction, improving, repairing or maintaining a dwelling or deny any loan secured by a dwelling: or discriminate in fixing the amount, interest rate, duration, application procedures or other terms or conditions of such a loan, or in appraising property.

If you believe you have been discriminated against, you should send a complaint:  Assistant Secretary for Fair Housing and Equal Opportunity, Department of Housing and Urban Development, Washington, DC 20410 and to National Credit Union Administation, Office of Consumer Protection, Alexandria, VA 22314-3428.

Under the Equal Credit Opportunity Act, it is illegal to discriminate in any credit transaction:  On the basis of race, color, national origin, religion, sex, marital status, age or because income is from public assistance or because a right was exercised under the Consumer Credit Protection Act.

If you believe you have been discriminated against, you should send a complaint to:  National Credit Union Administration, Office of Consumer Protection, Alexandria, VA 22314-3428  

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Rates

 Effective August 1, 2017 - APY – Annual Percentage Yield - APR – Annual Percentage Rate  

 
Share Rates
 
APR
 
APY
 
NOTES
Share (Savings) Account
 .05%
  .050%
Over $5.01
Christmas Club Account
 .15%
 .150%
Maximum $5000.00
Vacation Club Account
 .15%
 .150%
Maximum $5000.00
Share Draft Rates
 
 
 
Share Draft (Checking) Account
 .00%
 .00%
 
 
 
 
 
Share Certificates - $1000.00 Minimum
 
 
 
Six (6) Month Share Certificate*
  .34%
  .340%
 
Twelve (12) Month Share Certificate*
  .54%
  .541%
 
Twenty Four (24) Month Share Certificate*
  .74%
  .742%
 
Thirty Six (36) Month Share Certificate*
 .94%
  .943%
 
Forty Eight (48) Month Share Certificate* 1.04% 1.044%  
Sixty (60) Month Share Certificate* 1.14% 1.145%  
*Share Certificate Rates Change Weekly
Penalties apply on early withdrawal
 
 
 
 
Loan Rates
 
 
 
Shares Loan  -  Minimum $1000.00
 1.44%
 
Up to 24 Months
 
 1.74%
 
Up to 36 Months
  1.94%   Up to 48 Months
  2.24%   Up to 60 Months
       
New Vehicle Loan
 1.44%
 
Up to 24 Months
 
 1.74%
 
Up to 36 Months
 
 1.94%
 
Up to 48 Months
 
2.04%
 
Up to 60 Months   
   2.14%   Up to 72 Months
Used Vehicle Loan - Some Restrictions Apply
 
 
 
 2009 or newer
 2.24%
 
Up to 24 Months
2010 or newer 2.54%   Up to 36 Months
2011 or newer 2.74%   Up to 48 Months
 2012 or newer
 3.04%
 
Up to 60 Months
 2013 or newer
 3.24%
 
Up to 72 Months
Signature Loan - Maximum $15,000.00
 
 
 
Signature Loan
 8.00%
 
Up to 36 Months
Signature Loan – over $3000.00
 9.00%
 
Up to 48 Months
Signature Loan – over $5000.00
10.00%
 
Up to 60 Months
Organization Signature Loan – Maximum $49,999.99
Available to: Parishes of the PNCC and non-profit associations and organizations associated with the Polish National Union of America and/or the Polish National Catholic Church
 
 
 
 
 
 
 
 
  3.10%   Up to 60 Months
  3.85%   Up to 120 Months
15 year minimum is $20,000.00 4.85%   Up to 180 Months
       
       
Youth Credit Builder Loan – Minimum $200.00  -Maximum $1000.00  -  Ages 16-17 with co-signer
 
6.00%
 
 
Up to 12 Months
 
 
 
 
Holiday - Vacation Loans - Maximum $2500.00
6.00%
 
Up to 12 Months
Holiday - Vacation Loan
7.00%
 
Up to 24 Months
 
 
 
 
Home Equity Loan
 
 
 
Not to exceed 85% of the appraised value minus any first mortgage balance
 
 
 
 
  3.00%   Up to 60 Months
  3.38%   Up to 84 Months
  3.75%   Up to 120 Months
15 Year Minimum is $20,000.00 ------ Call for rate Up to 180 Months
       
       
 Collateral Loan - Maximum $30,000.00 5.00%    Up to 48 Months
       
 Other Titled Property Loans (Recreational Vehicles)      
 New  3.00%   Up to 24 Months
  3.50%   Up to 36 Months
  4.00%   Up to 48 Months
  4.50%   Up to 60 Months
Minimum $25,000.00  Maximum $50,000.00 5.00%   Up to 72 Months
Minimum $25,000.00  Maximum $50,000.00 5.50%   Up to 120 Months
Used      
  3.00%   Up to 24 Months
  3.50%   Up to 36 Months
  4.00%   Up to 48 Months
  4.50%   Up to 60 Months
       
Share Certificate Loans The full share certificate balance may be pledged by any account owner as collateral.  The loan on the share certificate will have a term limit of the life of the certificate.  (Maximum 60 months)  The rate will be based on the rate of the certificate plus 2%.      
       
SCU Select    -  Maximum $2500.00 5.49%   Up to 18 Months

Rates subject to change without notice; however, loan rate received at closing remains in effect the life of the loan.

 

Notice
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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Fee Schedule

  Fee Schedule

 

 
Copy of draft
Fees accessed to the credit union will be passed on to the member as applicable.
 
Stop payment one check
 
$5.00 per check
 
Stop payment ACH payment
           
$5.00 per Item
 
Stop payment series of checks
           
$10.00 per series of checks
 
Wire transfer outgoing
Fees accessed to the credit union will be passed on to the member as applicable.
 
Wire transfer international
Fees accessed to the credit union will be passed on to the member as applicable.
Nonsufficient funds – preauthorized withdrawal or share draft
 
$20.00 per item
 
Returned deposited item
 
$20.00 per item
Check printing fee
Varies depending on style
 
Copy of cancel check
 
$3.00 per draft
 
Balancing account
 
$20.00 per hour or fraction thereof
Dormant Fee

$5.00 Per Month after 24 Months of Dormancy

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Miscelleanous  

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 them how to save money for that something special.  Whether they are saving for a bike or their first car, Spojnia Credit Union is here to help. The youth program is split into three age categories: 0-6 years of age, 7-12 years of age and 13-17 years of age.  An age appropriate gift is given to all new accounts, newsletters are sent periodically and contests are held.  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.

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.

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!

 Internet Banking/Bill Payment Pamphlet- Helpful hints.

 An exclusive benefit for the Polish National Union of America annuity and policyholders, social membership holders,  its branches, districts and affiliated organizations as well as the parishes and affiliated organizations of the Polish National Catholic Church  informational pamphlet.

 

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Newsletter                                                                                                                                                          

Spring 2016

Summer 2016

Fall 2016

Winter 2016

Spring 2017

Summer 2017

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