Rates

CD Rates

TERM ~ RATE ~ ANNUAL YEILD

6 months to 1 Year  ~ Daily rate .10% ~ APY .10%

1 Year  ~ Daily rate .25% ~ APY .25%

2 Years  ~ Daily rate .40% ~ APY .401%

3  Years ~ Daily rate .45% ~ APY .451%

4 Years ~ Daily rate .50% ~ APY .501%

5 Years  ~ Daily rate .60% ~ APY .601%

Effective 3/1/2021

SHARE SAVINGS ~ Daily rate .05% ~ APY .05%
SHARE DRAFT ~ Daily Rate 0% ~ APY 0%

· Interest is compounded daily and paid quarterly.
· APY is Annual Percentage Yield
· $500 minimum deposit
· CD rates subject to change at any time.
· Early withdrawal subject to 90-day interest penalty.

Secured and Unsecured Loan Rates

Signature Loans ~ up to 60 months and up to $10,000 ~ A.P.R. 7.25% to 18.00%

Share Secured Loans ~ No specific amount ~ Term set by member ~ A.P.R. 3%

Certificate Secured Loans ~ Subject to term of CD ~ A.P.R. 3%

Cars and Trucks:

Under $10,000 ~ Up to 48 months ~ A.P.R. 2.99% to 16.99%

$10,000 to $14,999 ~ Up to 60 months ~ A.P.R. 3.24% to 17.24%

$15,000 to $24,999 ~ Up to 72 months ~ A.P.R. 3.49% to 17.49%

$25,000 and up ~ Up to 84 months ~ A.P.R. 3.99% to 17.99%

**RVs, Motorcycles & Watercraft**

Under $10,000 ~ Up to 84 months ~ A.P.R. 5.25% to 18.00%

$10,000 to $14,999 ~ Up to 96 months ~ A.P.R. 5.50% to 18.00%

$15,000 to $49,999 ~ Up to 120 months ~ A.P.R. 5.75% to 18.00%

$50,000  to $74,999 ~ Up to 144 months ~ A.P.R. 6.00% to 18.00%

$75,000 and up ~ Up to 180 months ~ A.P.R. 6.25% to 18.00%

Motorized Equipment:

* Under $18,000 ~ Up to 48 months ~ 5.75% to 9.75%

* Under $18,000 ~ 48 to 60 months ~ 6.25% to 10.25%

** Over $18,000 ~ Up to 72 months ~ 6.50% to 10.50%

** Over $30,000 ~ Up to 84 months ~ 7.00% to 11.00%

· All percentage rates are the annual percentage rate (APR) unless otherwise posted.
· The APR ranges posted are based on Risk Based Lending according to your Credit Score.
· New car and truck loans are made at 100% of purchase price.
· Used car and truck loans are made at 100% of appraisal or purchase price…whichever is lower.
· All secured loans, excluding shares and certificates, require title and proof of insurance.

* Loans to 100% of purchase price | ** 100% of retail blue book plus sales tax or 100% of appraisal…whichever is lower.

Real Estate Loans

First Mortgage ~ 80% of appraised value up to $425,000 ~ Up to 180 months

Second Mortgage ~ Reno City Employees Federal Credit Union is not offering second mortgage loans at this time.

All percentage rates listed are annual percentage rates (APR) unless otherwise listed.
· The APR ranges listed are based on Risk Based Lending according to your Credit Score.
· Real estate loans are for owner occupied property (primary residences) located in Nevada.
· All real estate loans require clear title and proof of insurance.
· Real estate loans are non-assumable.

New Loan Application and Instructions

Click here to download RCEFCU’s Loan Instructions

Click here to download an electronically fillable New Loan Application

Note: In order to fill out our Loan Application electronically, you will need Adobe Reader.