Not for profit, not for charity, but for service
Chartered in 1956
Monday-Friday, 8AM - 4:30 PM
Rates
LOAN RATES, effective 7/27/11 until further notice
Member credit score determines actual loan rate. Rates as low as:
| New car / truck 48 mo. |
2.65% |
| New car / truck 60 mo. |
3.00% |
| New car / truck 72 mo. ** |
4.00% |
| Used car / truck purchase |
3.75% |
| Rebuilt car / truck purchase *** |
10.00% |
| New street motorcycle 500cc> 48 mo. |
5.50% |
| New street motorcycle 500cc> 60 mo. |
6.00% |
| Used street motorcycle 500cc> |
6.50% |
| New boat 60 mo. |
5.75% |
| New boats 72 mo. ** |
6.75% |
| Used boat purchase 60 mo. |
6.00% |
| New farm equipment 60 mo. |
5.75% |
| Used farm equipment 60 mo. |
6.75% |
| New RVs (5th wh/mtr home) 72 mo. |
6.25% |
| New RVs (5th wh/mtr home) 120 mo.(>$25K) |
6.50% |
| New travel trailer (pull behind/ pop-up) 60 mo. |
6.75% |
| Used RVs (5th w/mtr home) 72 mo. |
6.75% |
| Used RVs (5th wh/ mtr home) 120 mo., (>$25K) |
7.00% |
| Used travel trailer (pull behind/ pop-up) 60 mo. |
7.50% |
| New ATV/ personal watercraft / off-road motorcycle, 36 mo. |
8.50% |
| Used ATV/ personal watercraft / off-road motorcycle, 36 mo. |
8.75% |
| Used auto, boat, RV, motorcycle, farm equip pledged |
8.50% |
| Stock Secured Loans 80% or less of market value |
5.50% |
| Fixed rate first mortgage, 120 mo. max term |
7.00% |
| Non owner occupied first mortgage, 120 mo. max term |
8.00% |
| Fixed rate second mortgage, 120 mo. max term |
8.00% |
| Non owner occupied second mortgage, 120 mo. max term |
9.00% |
| Unsecured loan |
11.00% |
Open End / Share Secured:
Visa Classic as low as 8.99%.
2.50% Share secured, variable rate. 1.5% margin over pledged account. If pledged account rate changes, loan rate will change accordingly. Certificate secured loans 1.5% over nominal rate.
3.00% Share secured, fixed rate, maximum term 5 years.
5.00% Home equity line of credit. Opening rate for first year, variable there-after. Loan floor after first year is 6.00%. Index is 26-week T-bill with 4% margin rounded to nearest 1/4 of 1%. Maximum annual change rate is 2% and maximum over loan life is 6%.
** Loan amount $30K or greater, financed amount 95% or less of Manufacturer's Suggested Retail Price
***Last 3 model years 60 months, older than last 3 model years 36 mo. maximum.
SHARE RATES
Your savings federally insured to $250,000.00. National Credit Union Administration, a U. S. Government Agency
RATES EFFECTIVE JANUARY 1, 2012 UNTIL FURTHER NOTICE
| ANNUAL | ||||||
| NOMINAL | PERCENTAGE | COMPOUND | MINIMUM | |||
| ACCOUNT TYPE | RATE | YIELD | METHOD | AMOUNT | ||
| Regular Shares | 1.00% | 1.005% | Monthly | N/A | ||
| Regular IRA Shares | 1.35% | 1.358% | Monthly | N/A | ||
| 6 Month Certificate | .75% | .753% | Daily | $1,000 | ||
| 12 Month Certificate | .85% | .854% | Daily | $1,000 | ||
| 18 Month Certificate | .95% | .955% | Daily | $1,000 | ||
| 24 Month Certificate | 1.00% | 1.005% | Daily | $1,000 | ||
| 30 Month Certificate | 1.25% | 1.258% | Daily | $1,000 | ||
| 36 Month Certificate | 1.45% | 1.461% | Daily | $1,000 | ||
| 48 Month Certificate | 1.75% | 1.765% | Daily | $1,000 | ||
| 60 Month Certificate | 2.00% | 2.020% | Daily | $1,000 | ||
All dividends are paid monthly on the last day of each month. Dividends on Certificates can be added to the Certificate, transferred to the regular share account, paid by check, or credited to your checking account by ACH transfer.
NEWS & ADVISORIES
Please join us Friday, March 2, 2012 for our annual meeting. We meet at 7PM at Our Lady of Lourdes Catholic Church gymnasium located at 980 Huffman Road in Birmingham. This is an opportunity to fellowship with your credit union family, enjoy refreshments and have a very good chance of going home with a door prize or cash. We look forward to seeing you there!
- Prepaid card is changing names. Attention DebitPass cardholders: Please be on the lookout for your new branded "Paycard." This will replace the DebitPass card previously issued. Please contact the CU office with the new card number. The new number must be provided so that we can load funds onto your card. The PayCard customer service number is: 866-212-9650.
- WARNING: If you receive an automated recording or an e-mail stating the message is from Railroad Federal Credit Union (Irondale, Alabama) concerning debit account compromises, this communication is not from our credit union. We will never send an e-mail request asking for your account number at our credit union. Also, no government agency will contact you requesting specific personal information unless you have previously contacted the agency. Do not reply or enter any information should you receive an email of this nature.
FEATURED RATES
- Auto loans as low as 2.65% APR
- Certificates as high as 2.020% APY
- IRA as high as 1.358% APY
- Credit Cards as low as 8.99% APR
Copyright © 2012 Railroad Federal Credit Union. All Rights Reserved.
Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. Your savings are additionally insured to $250,000 by Excess Share Insurance. To estimate your National Credit Union Share Insurance Fund coverage, use this insurance estimator or download NCUA's Your Insured Funds brochure. Railroad Federal Credit Union does business in accordance with the Equal Credit Opportunity Act and the Federal Fair Housing Law. We are an Equal Housing Lender. Rates expressed as Annual Percentage Rate or Annual Percentage Yield; all rates and terms subject to change without notice. For complete account disclosures, ask for a copy of our Membership & Account Agreement, Reg CC (Funds Availability) and Reg E (Electronic Transfers) disclosures, and Fee Schedule. Membership eligibility required. Railroad Federal Credit Union is not responsible for content of Web sites which may be accessible via links from this site but are not operated by Railroad Federal Credit Union, and does not represent either the third party or the member if the two enter into a transaction; privacy and security policies may differ from those practiced by Railroad Federal Credit Union.