Rates Information

Santa Monica School Employees Federal Credit Union
1750 14th St., Suite D, Santa Monica, CA 90404 / (310) 450-3119 / FAX 450-3148

NEW AND USED CARS

Credit Rating                                                         Credit Rating

Down A B C D
36 Mos. 10%
0%
6.25%
7.00%
7.25%
8.00%
10.25%
11.25%
13.25%
14.25%
48 Mos. 10%
0%
7.25%
8.00%
8.25%
9.00%
11.25%
12.25%
14.25%
15.25%
60 Mos. 10%
0%
8.25%
9.00%
9.25%
10.00%
12.25%
13.25%
15.25%
16.25%
*72 Mos. 10%
0%
9.00%
10.00%
10.00%
11.00%
13.00%
14.00%
15.75%
16.75%
  1997 and Newer 85% Clue Book Retail
RE- FINANCE/CASH OUT - See Loan Officer 1993 through 1996 75% Blue Book Retail RE-
LUXURY/CLASSIC MODELS rates and terms only (see the loan officer for specifications/conditions that apply).

LIMITED TIME OFFER: UP TO 2% RATE REDUCTION WHEN YOU REFINANCE EXISTING AUTO LOAN HELD AT ANOTHER FINANCIAL INSTITUTION.

Auto Loan Rates are reduced .25% for repayment through Payroll Deduction or Automatic Transfer from Checking

Type
Amount Financed

APR

Term
Unsecured      
LINE OF CREDIT
(New Loans Only- "AA" Credit)
Up to $15,000

7.9%

60 Months
LINE OF CREDIT Up to $15,000

15.75%

60 Months
COMPUTER
($600 Minimum, $5,000 Maximum. Hardware only)
100% of Cost
A B C D
8% 10% 12% 14%
36 Months
SPECIALTY LOANS $3600
12% 14% 16% 18%
36 Months
SALARY ADVANCE LOAN Up to $500

16.75%
(17.50% After First Advance- For Direct Deposit Accts only)

 

Secured                    LIMITED TIME OFFER ON HOME EQUITY LOANS:  NO CREDIT UNION FEES
HOME EQUITY Up to $35,000 Fixed 6.0%
7.125%
5 or 6 years
7 or 8 years
HOME EQUITY Up to $150,000 Fixed 7.00% 10 to 12 Years
HOME EQUITY Up to $150,000 Variable 6.80% Eff 4/01/02 15 Years
2nd TRUST DEED Up to $150,000 Variable 6.80% Eff 4/01/02 15 Years
SHARE SECURED Up to 95% of Share Balance   Dividend Rate +4% 120 Months
MOTORCYCLE 80% Cost
TRAVEL TRAILER OR RV/MOTOR HOME Up to $75,000
12% 14% 16% 18%
9.75% 10% 11% 12%
 36-60 Months
 10-12 Years
(1995 through 1998-75% of Blue Book Value 1999-2001-85% of Blue Book Value)
All rates listed are ANNUAL PERCENTAGE RATES (APR)           Rates Effective 04/01/02
All loan rates and terms are subject to change without prior notice.

SAVINGS RATES

Dividend rates on all accounts except fixed rate certificate accounts, are declared by the credit union's Board of Director at the end of each calendar quarter.  Rates for certificate accounts are set weekly on Tuesdays.  The rates quoted herein, except the fixed rate certificate account rates, are the rates paid in the preceding quarter and are not guaranteed for this current quarter.

YOUR SAVINGS ARE FEDERALLY INSURED TO $100,000 BY THE NATIONAL CREDIT UNION ADMINISTRATION, A U.S. GOVERNMENT AGENCY.

REGULAR SHARE ACCOUNTS

Dividend rates are declared by the Board of Directors at the end of each quarter and apply to funds on deposit during that quarter.  Dividend rates are not declared in advance.  The rate paid on regular share accounts for the Fourth Quarter was .75%, with an annual percentage yield (APY) of .78%.

MONEY MARKET ACCOUNTS

Dividend rates are declared by the Board of Directors at the end of each quarter and apply to funds on deposit during that quarter.  Dividend rates are not declared in advance.

For you information, the rate paid on money market accounts in the third quarter was:

Balance Range Rate Annual Percentage Yield
$2,000 - 4,999 1.80% 1.81%
$5,000 - 9,999 1.90% 1.92%
$10,000 and over
(Minimum $2,000)
2.00%
 
2.02%
 


INDIVIDUAL RETIREMENT ACCOUNTS

Rate Annual Percentage Yield
One Year Fixed Rate Certificate 2.65% 2.68%
Two Year Fixed Rate Certificate 3.10% 3.14%


TERM SHARE CERTIFICATES

  Rate Annual Percentage Yield
30-89 Day Fixed Rate Certificate 1.90% 1.92%
6 Month Fixed Rate Certificate 2.00% 2.02%
One Year Fixed Rate Certificate 2.65% 2.68%
Two Year Fixed Rate Certificate 3.10% 3.14%
Special 30 or 36 Month Fixed Rate Certificate
(Minimum $2,000)
3.50% 3.56%

 
Home | About Us | Account Access | Contact Us |
Services | Rate Information | What's New | Links |
Privacy Policy