MendoLake

Rates

Last updated: June 28, 2017.

  • 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 - $99,999.05%.05%
    Tiered Money Market & IRA Money Market Savings$100,000 and over.10%.10%

    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
    Manufactured Home Loans
    Month of June 2017: 4.99%
    Personal Loan $250.00 minimum
    Up to 60 months: 8.49% - 19.49%
    Line of Credit $250.00 minimum
    Up to 60 months: Variable rate based on the current Prime Rate plus 5% to 15%
    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.
    Certificate Secured 100% of certificate
    Share Rate + 3%

    *APR = Annual Percentage Rate. APRs are based on factors including credit type, collateral value and applicant creditworthiness. Actual APR will be provided before you become obligated.
    ** Prime Rate= Wall Street Journal Prime, currently 4.25%. Variable rates are based on the Wall Street Journal Prime Rate (index) and your FICO score (margin). Rates are subject to change. Maximum financed for homes is 80% of the value. Variable rates are set monthly based on your margin, added to the prime rate on the first business day of the month.

Find our New and Used Auto Loan rates here.

Find our Recreational Vehicle Loan rates here.

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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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