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

Find out more about our our Home Loans Program. Immediate family members are also eligible for our services!

Our membership is open to employees and retirees of the City of Reno, the Reno Housing Authority, and the Airport Authority, as well as their immediate families.  Our mission is to encourage regular savings and to use those savings in order to offer loans to our members that are below bank rates for similar loans. We also strive to invest in our community.

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.