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Rates are effective December 17, 2009 and are subject to change without notice.
Savings Rates
At Viriva, your money is secure. Savings Accounts and IRAs in the Credit Union are insured separately by NCUA, the National Credit Union Administration, up to at least $250,000 each.
A Savings Account solidifies your membership in Viriva Community Credit Union. The minimum balance requirement is just $5.00 and must be maintained to remain a member and benefit from all Credit Union services.
With this account, you receive a quarterly statement, which details your account balance and dividends earned.
Share & IRA Certificates**
| Term |
Minimum
Balance |
Annual
Percentage
Yield (APY)
|
Dividend Rate |
|
6 months
|
$500.00
|
1.10%
|
1.10%
|
|
12 months
|
$500.00
|
1.36%
|
1.35%
|
|
24 months
|
$500.00
|
1.96%
|
1.95%
|
|
36 months
|
$500.00
|
2.32%
|
2.30%
|
|
48 months
|
$500.00
|
2.63%
|
2.60%
|
|
60 months
|
$500.00
|
2.93%
|
2.90%
|
18 Month Certificate only available for a limited time.
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Jumbo Share Certificates
$50,000-$98,999
|
Add 0.05% to the normal rate
|
$99,000 or above
|
Add 0.10% to the normal rate
|
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Money Market Draft Accounts
(effective january 2010)
| Tiers |
Balance
|
Annual
Percentage
Yield (APY)
|
Dividend
Rate
|
1
|
$500 - $9,999.99 |
0.30% |
0.30%
|
| 2 |
$10,000 - $24,999.99
|
0.75%
|
0.75%
|
3
|
$25,000 - $49,999.99
|
0.90%
|
0.90%
|
4
|
$50,000 and over
|
1.16%
|
1.15%
|
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Variable Rate Accounts*
| Tiers |
Share/Savings
|
Annual
Percentage
Yield (APY)
|
Dividend Rate
|
1
|
$5.00 - $499.00 |
0.05% |
0.05%
|
2
|
$500.00 - $1,999.99 |
0.10%
|
0.10%
|
3
|
$2000.00 and over
|
0.25%
|
0.25%
|
Christmas & Vacation Club
|
0.05% |
0.05% |
| IRA Share Accumulation |
0.75%
|
0.75% |
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Savings Rate DisclaimerAs of 4/1/06, IRAs are insured to $250,000 by the National Credit Union Share Insurance Fund. NCUA Share Insurance Estimator.
*Rates shown are in effect as of the date listed at the top of this page and are subject to change without notice. Each account insured to $250,000 by NCUSIF (National Credit Union Share Insurance Fund).
** Penalty for early withdrawal. Annual Percentage rates were valid as of the date listed at the top of this page and may change without notice. Interest is compounded monthly or quarterly, depending upon account type. Interest and principal must remain on deposit for a full year to achieve the stated APY. Please call for current rates. All interest rates are reviewed at the monthly Board of Director meetings, usually held the 4th Wednesday of the month, however rates are subject to change at any time.
JUMBO Share Certificate rates apply to all Certificates with a minimum term of 1 year. These bonuses are added to the normal Certificate rate in effect at the time of purchase. Restrictions may apply.
Loan Rates
First Mortgages
The following First Mortgage programs are available:
- 15 year Fixed
- 30 year Fixed
- 5 year Balloon
- 7 year Balloon
- Adjustable Rate
- Jumbo
First Mortgage Information Line:
1-800-426-7140, option 2
Call for rates (Mon. - Fri.: 8:30 AM - 5:00 PM)
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Second Mortgages
Term
(in months)
|
Loan-to-Value
|
Rate
...as low as |
Maximum Amount |
60
|
80%
|
5.49% |
$100,000
|
60
|
90%
|
5.99% |
$75,000
|
60
|
100%
|
6.49% |
$50,000
|
84
|
80%
|
5.99% |
$100,000 |
84
|
90%
|
6.99% |
$75,000 |
120
|
80%
|
6.24% |
$100,000 |
144
|
80% |
6.49% |
$100,000 |
180
|
80% |
6.74% |
$100,000
|
60
(Business Loan;
non-primary residence)
|
80% |
5.49% |
$50,000
|
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Auto Loans
|
Term
(in months)
|
New Autos |
Used Autos
|
Annual Percentage
Rates...as low as
|
Annual Percentage
Rates...as low as
|
36
|
4.75%**
|
4.75**%
|
48
|
4.99%
|
4.99%
|
60
|
5.49%
|
5.49%
|
72*
|
5.99% |
5.99%
|
| *loans of $20,000 or more |
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Signature Loans
|
Term
(in months)
|
Annual Percentage
Rates...as low as
|
12
|
5.00%** |
24
|
6.00%**
|
36
|
7.00%**
|
48
|
8.00%**
|
60
|
9.49%
|
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Home Equity Loans
|
Term
(in months)
|
Loan-to-Value |
Rate |
Maximum Amount |
| 60-120 |
Max. 80% |
3.50%
Variable rate loan
based on the Prime
Rate - 0.50% |
$75,000 |
| 60-120 |
80 - 90% |
3.75%
Variable rate loan
based on the Prime
Rate + 0.50%.
|
$75,000 |
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No Doc Fast Equity Home Loans***
Term
(in years)
|
Annual Percentage Rate
|
5
|
5.49%
|
7
|
5.99%
|
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VISA Credit Cards
VISA Platinum
|
as low as 3.25%*
|
VISA Platinum Secured
|
as low as 3.25%*
|
* Variable rate loan based on the Prime Rate + the applicable margin.
Final approval and actual rate subject to individual creditworthiness of individual applicant.
Other Loans
| Loan Type |
Term
(in months)
|
Annual Percentage Rate
|
Stock Secured Loan
(based on 75%
of stock value) |
1-48 |
8.50%
|
49 and over
|
10.00%
|
Share Secured Loan
|
up to 120
|
Term CD Rate
|
Certificate Secured
|
up to 60
|
Rate + 3%
|
Revolving Line of Credit
|
N/A
|
12.45%
|
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Student Loans
Email for PHEAA Student Loan rates.
Viriva CCU PHEAA Lender Code: 832883
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Loan Rate Disclaimer
* Personal and Vehicle Loan rates shown reflect a 0.25% discount for loan repayment via Direct Deposit/Payroll Deduction and a 0.25% discount for an active Checking account.
**Rates shown are loan promotion rates, no other discounts can be applied. See Loan Representative for details.
***Rate subject to change without notice. Can not be combined with any other discounts or offers. Other restrictions may apply. $50,000 maximum loan amount, based upon repayment ability; 7 year maximum term. If you do not meet underwriting standards, credit may be declined, however you may qualify for another program (speak with a loan officer for details). Consult your tax adviser to determine the deductibility of loan interest. Final approval and actual rate subject to individual creditworthiness of individual applicant.
All of the above loan rates are in effect as of the date listed at the top of this page and are subject to change without notice. Second Mortgage loans and Home Equity Lines of Credit are subject to a $300.00 loan processing fee (Philadelphia County) or $250.00 loan processing fee (all non-Philadelphia Counties) (business loans are subject to a $375 loan processing fee). VISA Credit Card Disclosures.
All interest rates are reviewed at the monthly Board of Director meetings, usually held the 4th Wednesday of the month, however rates are subject to change at any time.
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Rates 
