Deposit Account Rates

Effective 04/24/2012  and subject to change.  APY= Annual Percentage Yield. For additional information regarding rates and terms on Progressions Credit Union deposit accounts, please call 535-0191 or 1-800-828-8691 between 8 a.m. and 6 p.m.

 

Loan Account Rates

Rates effective 4/24/2012 and subject to change. APR =Annual Percentage Rate.   For additional information regarding rates and terms on Progressions Credit Union loans, please call 535-0191 or 1-800-828-8691 between 8 a.m. and 6 p.m. or contact us.

 Call Herb Anderson (NMLS # 787236) at 509-622-2011 or 800-828-8691 for other Home Loan and Equity Rates!

 

Basic Savings and Sub Savings

Minimum to Open and Earn APY

Compounding and Crediting

Dividend Period and Balance Method

APY

$50.00

($5.00 for sub savings)

Quarterly/Quarterly

Quarterly/Actual Daily Balance

.10%

$2,000.00

Quarterly/Quarterly

Quarterly/Actual Daily Balance

.10%

$5,000.00

Quarterly/Quarterly

Quarterly/Actual Daily Balance

.10%

$10,000.00

Quarterly/Quarterly

Quarterly/Actual Daily Balance

.10%

$25,000.00

Quarterly/Quarterly

Quarterly/Actual Daily Balance

.10%

$50,000.00

Quarterly/Quarterly

Quarterly/Actual Daily Balance

.10%

$100,000.00

Quarterly/Quarterly

Quarterly/Actual Daily Balance

.10%
Basic savings has a $5.00 monthly service fee if balance falls below $200.00 unless designated as a SmartChoice Rewards or Yes!  Savings Account or you have any other product or service with Progressions (Savings, Checking, Credit Card, Loan, Smartlink or Smartline).

Truth In Savings Disclosure

 

Yes! Savings Account

 

Minimum to Open and Earn APY

Compounding and Crediting

Dividend Period and Balance Method

APY

$5.00 to open. Earn this rate up to $2,000.00 (over $2000.00, reverts to basic savings rates)

Quarterly/Quarterly

Quarterly/Actual Daily Balance

1.00%
Learn more about the YES! Savings Account.  There is no service fee for this account.  

Truth In Savings Disclosure 

 

Money Market Account “Smart Market”

 

Minimum to Open and Earn APY

Compounding and Crediting

Dividend Period and Balance Method

APY

$2,000.00

Monthly/Monthly

Monthly/Actual Daily Balance

.20%

$5,000.00

Monthly/Monthly

Monthly/Actual Daily Balance

.20%

$10,000.00

Monthly/Monthly

Monthly/Actual Daily Balance

.20%

$25,000.00

Monthly/Monthly

Monthly/Actual Daily Balance

.20%

$50,000.00

Monthly/Monthly

Monthly/Actual Daily Balance

.30%

$100,000.00

Monthly/Monthly

Monthly/Actual Daily Balance

.30%
Truth In Savings Disclosure           There is no service fee for this account.

 

Prime Savings Account

Minimum to Open and Earn APY

Compounding and Crediting

Dividend Period and Balance Method

APY

$25,000.00

Monthly/Monthly

Monthly/Actual Daily Balance

.25%

$100,000.00

Monthly/Monthly

Monthly/Actual Daily Balance

.50%
Truth In Savings Disclosure       This account has no service fee.

 

Youth Account “Jr. Stamper”

Minimum to Open and Earn APY

Compounding and Crediting

Dividend Period and Balance Method

APY

$5.00

Quarterly/Quarterly

Quarterly/Actual Daily Balance

.10%
Truth In Savings Disclosure        This account has no service fee.

 

Individual Retirement Account (IRA)

Minimum to Open and Earn APY

Compounding and Crediting

Dividend Period and Balance Method

APY

$5.00

Quarterly/Quarterly

Quarterly/Actual Daily Balance

.20%

(1% on Yes!* learn more)

$2,000.00

Quarterly/Quarterly

Quarterly/Actual Daily Balance

.20%

$5,000.00

Quarterly/Quarterly

Quarterly/Actual Daily Balance

.20%

$10,000.00

Quarterly/Quarterly

Quarterly/Actual Daily Balance

.20%

$25,000.00

Quarterly/Quarterly

Quarterly/Actual Daily Balance

.20%

$50,000.00

Quarterly/Quarterly

Quarterly/Actual Daily Balance

.30%

$100,000.00

Quarterly/Quarterly

Quarterly/Actual Daily Balance

.30%
Account which allows you to earn .80% APR until you reach $2,000.00 then reverts to the basic rates as outlined above.

Truth In Savings Disclosure

 

Certificate Accounts & IRA Accounts

Minimum to Open and Earn APY 6 Month APY 12 Month APY 18 Month APY 24 Month APY 36 Month APY
$2,000.00 .25% .35% .40% .70% .85%
$5,000.00 .25% .35% .40% .70% .85%
$10,000.00 .30% .40% .45% .75% .85%
$25,000.00 .35% .45% .50% .80% .90%
$50,000.00 .40% .50% .55% .85% .95%
$100,000.00 .45% .55% .60% .90% 1.00%
 
Compounding and Crediting:  Dividends are compounded and credited monthly; additional deposits are not allowed; withdrawals are not allowed (except dividends) and renew automatically. 

Special Step-up Feature for 36 Month Term Certificates and Certificates with at least a $25,000.00 minimum balance: You will have a one-time option to adjust your APY to the then prevailing Progressions APY for new certificates of identical terms. Your certificate’s original maturity date will not change.

Early Withdrawal Penalty: Certificate penalties may apply. Fees could reduce earnings.  For accounts up to 18 months the amount of the early withdrawal penalty is 60 days of dividends whether earned or not.  For accounts 19 months and more the early withdrawal penalty is 120 days dividends whether earned or not.

Truth In Savings Disclosure

 Prime Checking Account

Minimum to Open and Earn APY

Compounding and Crediting

Dividend Period and Balance Method

APY

$10,000.00*

Monthly/Monthly

Monthly/Actual Daily Balance

.50%
*Must also have a Prime Savings Account.

Truth in Savings Disclosure

 

Autos, Trucks and 

Large Motorcycles (750CC MIN)

Term

APR  as low as

Down Payment

Up to 72 Months

2.79%

Many options available.

Up to 100% financing plus tax and licensing O.A.C.

73-84 Months

3.29%

Many options available.

Up to 100% financing plus tax and licensing O.A.C.
O.A.C. =On Approved Credit. Rates above assume .50% discount for automatic payment from an active Progressions Savings or Checking account. Add .50% for other payment methods. Rates and terms may vary depending upon collateral, credit quality and loan to value. Your rate may be different. Refinancing of Progressions loans do not qualify for these rates. Other restrictions may apply.  1.00% is added to the APR for vehicles over 10 years old and 1.00% is added for vehicles with over l00,000 miles. Contact us for more information.

NEW AUTO SPECIAL GOING ON NOW- CLICK HERE FOR MORE DETAILS

 

Boat and Recreational Vehicles (RV)

Term

APR as low as

Down Payment

Flexible terms available up to 180 months

4.49%

Many options available up to l00% OAC
O.A.C. =On Approved Credit. Rates listed assume automatic payment from an active Progressions Savings or Checking account. Add .50% to rate for other payment methods.Rate above is for up to 84 months at 90% LTV. For 85-180 months, add .50 to the advertised rate above. For 100% LTV for 0-84 months add .50 and for 100% for terms of 85-180 months ad 1.00%.Existing loans at Progressions do not qualify for these rates. Rates and terms may vary depending upon collateral, credit quality and loan to value. Your rate may be different. Contact us for more information.

 

ATV, Smaller Motorcycles (Less than 750cc), Personal Watercraft and Snowmobiles

Term

APR as low as

Down Payment

Up to 60 months

4.74%

Various options available.

Up to l00% financing plus tax and license O.A.C.
O.A.C. =On Approved Credit. Rates above assume .50% discount for automatic payment from an active Progressions Savings or Checking account. Add .50% for other payment methods. Rates and terms may vary depending upon collateral, credit quality and loan to value. Your rate may be different. Refinancing of Progressions loans do not qualify for these rates. Other restrictions may apply.  Contact us for more information.

 

Personal Loans and VISA

Type of Loan

APR as low as

Terms

Personal Line of Credit (PLC)

9.99%-17.99%

Fixed rate; open ended

Visa Credit Card

9.99%-17.99%

Fixed rate;  open ended

Visa Balance Promotion*

6.75%-17.99%

Fixed rate;  open ended
O.A.C. =On Approved Credit. Rates above assume .50% discount for automatic payment from an active Progressions Savings or Checking account. Add .50% for other payment methods. The rates published are the lowest and highest possible rates available to qualified borrowers. Your rate may fall within that range. Rates are determined by the loan type, term you request, and your credit history. Rates are subject to change without notice.  Contact us for more information.

Additional Visa Disclosure 

 

Savings and Certificate Secured Loans

Type of Loan

APR as low as

Terms

Shared/Savings Secured

3.00% added to securing share rate

Fixed rate; maximum term

Certificate Secured

3.50% added to securing certificate rate

Fixed rate; maximum term
Contact us for more information.

 

Home Equity Line of Credit (HELOC)

Type

APR as low as

Loan to Value

1st Deed of Trust

4.00% -15.50%

Maximum 85%

2nd Deed of Trust

4.25%-15.75%

Maximum 85%
O.A.C. =On Approved Credit. Rates above assume .50% discount for automatic payment from an active Progressions Savings or Checking account. Add .50% for other payment methods. The rates published are the lowest rates available to qualified borrowers. Your Rates are determined by the loan type, term you request, and your credit history. Rates are subject to change without notice.  Contact us for more information.

Draw Period: 8 Years

Repayment Period: 17 Years

Minimum initial draw is $25,000.00, $100.00 thereafter.

 

 

 

 

 

 

 

 

 Mobile Home Loans

New/Used

Terms

APR as low as

Down Payment

New

 

Up to 120 Months

 

10.00%-17.00%

Many options available.

Up to 100% Financing including tax and licensing  O.A.C.

Used

Up to 120 Months

11.00%-18.00%

Many options available.

Up to 100% Financing including tax and licensing O.A.C.
O.A.C. =On Approved Credit. Rates listed assume automatic payment from an active Progressions Savings or Checking account. Add .50% to rate for other payment methods. These rates are for titled mobile homes only (not affixed to property).  Payment Example: a 15 year term would be 180 monthly payments as low as $10.02 at 8.79% APR for each $1000.00 borrowed.  Contact us for more information on fees, rates and terms.