Savings Accounts ~ Daily Rate .05% ~ APY .05%
Checking Accounts ~ Daily Rate 0% ~ APY 0%
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.
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%
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%
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%
* 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.
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.
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.