MendoLake

MLCU will be closed Monday, September 1st, in observance of Labor Day.

Rates

Last updated: August 25, 2014.

  • Minimum Balance to QualifyDividend RateAPY*
    Interest Checking$.01.01%.01%
    Regular Savings & Regular IRA$300.05%.05%
    Tiered Money Market & IRA Money Market Savings$2,500 - $19,999.05%.05%
    Tiered Money Market & IRA Money Market Savings$20,000 - $49,999.05%.05%
    Tiered Money Market & IRA Money Market Savings$50,000 - $99,999.10%.10%
    Tiered Money Market & IRA Money Market Savings$100,000 and over.15%.15%

    Rates are subject to change without notice. *APY = Annual Percentage Yield. The Annual Percentage Yield is based on an assumption that dividends will remain in the account until maturity. A withdrawal will reduce earnings. NOTE: There may be a penalty for early withdrawal for Certificates. Please see the Certificate Accounts section in our New Accounts Booklet.

  • Minimum Balance to QualifyDividend RateAPY*
    6 Months$2,500.05%.05%
    1 Year$1,000.05%.05%
    2 Years$1,000.10%.10%
    3 Years$1,000.25%.25%
    4 Years$1,000.50%.50%
    18 month Bump Up**/Add On***.10%.10%

    Rates are subject to change without notice. All Certificates are available for IRA Savings Accounts. *APY = Annual Percentage Yield. The Annual Percentage Yield is based on an assumption that dividends will remain in the account until maturity. A withdrawal will reduce earnings. NOTE: There may be a penalty for early withdrawal for Certificates. Please see the Certificate Accounts section in our New Accounts Booklet.**Bump-Up: You may change your interest rate to the current published rate once during the term of the certificate. The new rate will be effective on the date of change and be in effect for the remaining term. It is the member's responsibility to notify MLCU for any rate change. At the time of the rate change an additional deposit will be required in an amount up to the original deposit amount.***Add-On: Additional deposits may be made up to the original deposit amount.

  • Loan TypeAmount LimitTerms/APR* (As Low As)Special Discounts
    New Autos 80%-130% of MSRP including tax, license, warranty & GAP
    Up to 60 months: 1.99% (80% financed), 2.74% (130% financed)
    72 months (min $15,000): 2.24%, 80%LTV
    84 months (min $20,000): 3.49%, 100%LTV
    .25% reduction for auto payment, .50% reduction for hybrid & high MPG vehicles, no additional discount for 1.99% & 2.24%
    Used Autos (2007 or newer, less than 150k miles) 80%-130% of Retail Blue Book including tax, license, warranty & GAP
    Up to 60 months: 2.99%
    72 months (min $15,000): 3.24%
    84 months (min $20,000): 3.74%, 100%LTV
    .25% reduction for auto payment, .50% reduction for hybrid vehicle and for high MPG vehicles, no additional discount for 2.24% rate
    Older Used Autos (2006 - 1994, less than 125k miles) 80% of Retail Blue Book including tax, license, warranty & GAP
    Up to 48 months: 3.49%-13.24%
    .25% reduction for auto payment
    1st Time Auto Buyer 70% of Retail Blue Book including tax, license, warranty & GAP
    Up to 60 months: 11.49%
    no additional discount
    New Recreation Vehicles (RV, camper, trailer) 100%-150% of MSRP including tax, license, warranty & GAP
    Up to 72 months: 3.99% - 11.99%
    73-96 months (min $15,000): 4.49% - 12.49%
    97-120 months (min. $20,000): 4.74% - 8.24%
    121-180 months (min. $25,000): 4.99% - 8.74%
    .25% reduction for auto payment
    Used Recreation Vehicles (RV, camper, trailer, max 5 yrs old) 90% - 120% of MSRP including tax, license, warranty & GAP
    Up to 72 months: 3.99% - 12.49%
    73-96 months (min $15,000): 4.49% - 12.99%
    97-120 months (min $20,000): 4.99% - 8.99%
    121-180 months (min. $25,000): 5.49% - 9.49%
    .25% reduction for auto payment
    New Sports Vehicles (motorcycle, ATV, boat, jet ski, horse trailer, snow mobile) 100% - 120% of MSRP including tax, license, warranty & GAP
    Up to 60 months: 5.24% - 12.49%
    61-72 months (min $10,000): 5.74% - 12.99%
    .25% reduction for auto payment
    Manufactured Home Loans
    Week of 8/25/14: 4.81%
    Signature Loan $250.00 minimum
    Up to 60 months: 8.99% - 18.99%
    .25% reduction for auto payment
    Line of Credit $250.00 minimum
    Up to 48 months: Variable rate based on the current Prime Rate plus 5.00% to 15.00%
    Home Equity Line of Credit Borrow up to 80% of your equity. Fast credit decision. Credit lines available from $10,000 to $250,000.
    Rates as low as 5%*
    *Variable interest rates based on the current Prime Rate + margin.
    Saving Secured Available Balance
    Share Rate + 3%
    Certificate Secured 95% of certificate
    Share Rate + 3%

    *APR = Annual Percentage Rate. Auto loans offered at fixed rates from 1.99% to 13.94% APR. APRs depend on factors including credit type, account relationship, vehicle value, applicant creditworthiness and ability to pay. Actual APR will be provided before you become obligated. Advertised rate of 1.99% APR applies to qualified members on 2006 or newer vehicles with 60-month term, 20% down payment based on purchase price, Commitment Household membership, and Fuel Efficient Discount. Members may qualify for an additional .25% discount if vehicle is purchased through MAP Auto Buying Service or .10% discount if financed through CUDL. No salvage titles. Members refinancing an auto loan from another financial institution will receive the 20% down payment discount if financing less than 80% LTV. Rates subject to change.

    Ongoing offer for NEW to MLCU Transferred Auto or RV Loans: 0.50% (1/2%) off a member’s existing rate at their previous institution or MLCU’s regular rate (whichever is lower), down to the 2.24% floor for used and 1.99% for new. Loan must show paid as agreed at the current institution and must meet MLCU loan to value guidelines. Must be same signers as existing loan unless members qualify individually with MLCU. No other discounts apply.

 

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Please note that Virtual Branch will not be available starting at 2:30pm on Thursday, 10/31. As part of our merger, we will be integrating the Mendo Lake Credit Union and Fort Bragg Community Federal Credit Union Virtual Branch systems. Staff will work as quickly as possible to complete the task, and we expect the system to be available the afternoon of Saturday, November 2nd.

To ensure that all members receive ample notice of this service interruption, this informational page will be displayed every time you log into Virtual Branch through the end of October. Thank you for your patience as we make this transition!

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