Beacon Financial Credit Union Loan Rates
These rates are offered to Beacon Financial members. Contact us today if you’re interested in joining.
Effective as of: 03-20-2023
Shared Secured |
|
| This loan is designed to borrow against your share account balance to provide you with a lower rate than an unsecured loan. | |
| Term | APR* |
| 60 Months | 2% above the current rate of shares or CD’s |
Signature Loans |
|
| This loan can be used for a variety of reasons such as bill consolidation, auto repair, family emergencies, etc. ** | |
| Term | APR* |
| up to 60 Months | 9.99% to 18.00% |
New Autos |
|
| Financing your new auto with your credit union is the way to go. Take the rebate offered by dealership and finance with us, you are guaranteed to save. 100% of Retail Value. | |
| Term | APR* |
| 24 – 120 Months | As low As 5.15% – 11.50% |
Used Autos |
|
| We will finance Loan Value or average retail / trade-in/loan value. | |
| Term | APR* |
| 24 – 120 Months | As Low As 5.35% – 12.25% |
Recreational Vehicles |
|
| Motor Homes, Trailers, 5th Wheels, Boats, etc. | |
| Term | APR* |
| Up to 180 month amortization (based on product) | As Low As 5.15% |
Helping Hand Loans |
|
| Term | APR* |
| 3 months | 18.00% |
Savings Account |
|
| Share Accounts | Annual Percentage Yield (APY) |
| Regular Share / Membership Account | |
| $100.01 and over | 0.10% |
| Share Draft/Checking | 0.00% |
| Christmas Club | 0.50% |
| Madd | 0.10% |
Money Market Account |
|
| Share Accounts | Annual Percentage Yield (APY) |
| $1,000.01 – $15,000.00 | 0.20% |
| $15,000.01 – $50,000.00 | 0.30% |
| $50,000.01 – $75,000.00 | 0.40% |
| $75,000.01 – $100,000.00 | 0.50% |
| $100,000.01 | 0.60% |
DO MORE Money Market Account |
|
| Share Accounts | Annual Percentage Yield (APY) |
| $1,000.01 + with recurring monthly $500 Direct Deposit | 2.00% |
Effective as of: 5/1/17
Fee Schedule |
|
| Check Orders | Varies by Choice |
| Insufficient Funds (Return Checks) | $35.00 |
| Courtesy Pay (NSF) | $35.00 |
| Stop Payments (Checks or EFT/ACH) | $35.00 |
| Deposited Item / Cashed Check Returned Fee | $35.00 |
| ACH Insufficient Funds | $35.00 |
| Check Cashing Fee (w/o multiple services or $100 min bal) | $5.00 |
| Copy of Draft (Volcorp) | $2.50 |
| Courtesy pay (Overdraft Protection) * | No Fee |
| * Members may opt-out of the Courtesy Pay program by notifying the credit union in writing at any time. By doing so, you the account holder realizes that no NSF items presented for payment will be posted by the credit union and you will still be charged the $35.00 NSF fee for every item presented. | |
General Charges |
|
| Printed Statement Fee | $2.00 per copy |
| Tax, Levy/ Legal Notice Fee | $20.00 |
| Account Research Fee (per hour) | $75.00 |
| Return Mail Fee | $5.00 |
| Domestic Wires (Outgoing Only) | $30.00 |
| International Wires | $50.00 |
| International Transaction Fee | $1.50 |
| Statement Copy (Account History) | $1.00 per page |
| Certified Check (1 free check per day) | $3.00 |
| Inactive Account (after one year with NO activity) | $10.00 Monthly |
| Share Accounts opened less than 90 days | $10.00 |
| Christmas Club (Early Withdrawal Penalty) | $10.00 |
| Excessive Withdrawal Fee Regular Share (6 per month) REG D | $5.00 |
| Excessive Withdrawal Fee MMA(6 per month) REG “D” | $5.00 |
| Share account dividends are day of deposit/day of withdrawal and paid quarterly. | |
Debit/ATM Card |
|
| Insufficient Point of Sales (POS) | $35.00 |
| Insufficient Funds (Debit Card) | $35.00 |
| Replacement of an Debit Card | $7.50 |
| ATM Fees * | No Charge |
| * Foreign ATM Fees Varies (Foreign ATM fees are charged by using machines other than First Regents ATMs located within Ballad facilities, Allpoint Branded ATMs and area Walgreens) | |
Lending Fees |
|
| Non-Refundable Loan Application Fees | up to $150.00 |
| Mortgage Loan | up to 1% origination fee |
| Late Fee | 5% of payment past due |
| GAP Insurance | $525.00 |
| Helping Hand Loan Fee | $20.00 |
| An excessive savings withdrawal will be charged if you make over (6) pre-authorized, automatic, online banking or telephone transfers from your share account to another account or to a third party in any month. Our share account dividends are day of deposit day of withdrawal and paid quarterly. | |
| Online Loan Payment via debit card or e-check | $5.95 |
| Per Day ATM Maximum Withdrawal | $500.00 |
| Member Identification Program – Beacon Financial will obtain a credit report when opening an account for you. Based on your credit rating BFCU may offer you all of our services and products or may deny your account request. If you do not wish for BFCU to obtain a credit report, we will not be able to open an account for you. | |
Certificates |
|
| Certificates Term | Rates / Annual Percentage Yield |
| 06 Months | 4.00% |
| 12 Months | 4.50% |
| 24 Months | 3.35% |
| 36 Months | 3.25% |
| 48 Months | 3.00% |
| 48 Months ($100,000 ) | 3.00% |
| 60 Months | 2.75% |
| 60 Months ($100,000 ) | 2.75% |
| 72 Months | 2.75% |
| 72 Months ($100,000 ) | 2.75% |
| Minimum balance requirement is $1000.00 | |