| Rates and Fees |
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FX Rates – Jan 11, 2013
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| Today's Rates |
| |
sell |
buy
cheque |
buy
cash |
|
| USD |
92.25 |
90.55 |
89.1 |
| GBP |
148.56 |
146.9 |
146.52 |
| CAD |
95.8 |
92.8 |
92.04 |
| EUR |
110 |
101 |
95.2 |
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| * Rates subject to change. |
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Testimonials
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The presence of the Credit Union on the Mona campus is something of an ancestral, or rather a s... |
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for more>> |
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Mrs. Verna McLean has been a long-standing member of the Credit Union. Her membership dates back to ... |
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for more>> |
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| Rates and Fees |
|
Deposit Accounts
| Type |
Int. Rate P.A. |
| Golden Harvest |
6.50% |
| Ordinary Deposit |
Tiered (see below) |
| Christmas Club |
2.00% |
| Youth Savings (PLAN) |
1.75% |
| Mortgage Cumbo |
2.00% |
| MONATS Investment Fund |
2.50% |
| Combined Advantage Savings |
2.00% |
| Early Advantage Savings |
1.00% |
Ordinary Deposit
Savings Range $ |
Int Rate P.A |
| Under 100 |
0.00% |
| 100 - 4,999 |
1.00% |
| 5,000 - 9,999 |
1.25% |
| 10,000 - 14,999 |
1.50% |
| 15,0000 - 49,999 |
1.75% |
| Over 50,000 |
2.00% |
Mega Advantage Savings
Savings Range $ |
6 months |
12 months |
18 months |
24 months |
| 250,000 - 499,999 |
4.00% |
4.25% |
4.50% |
4.75% |
| 500,000 - 749,999 |
4.25% |
4.50% |
4.75% |
5.95% |
| 750,000 - 999,999 |
4.50% |
4.75% |
4.95% |
5.00% |
| Over 1,000,000 |
4.75% |
4.95% |
5.00% |
5.10% |
Gold Note Savings
| Savings Range $ | Savings Period | Int. Rate P.A. |
| 0<5,000 | 3 Months | 1.00% |
| >5,000<20,000 | 3 Months | 1.25% |
| >20,000<50,000 | 3 Months | 1.50% |
| >50,000 | 3 Months | 1.75% |
| |
| 0<5,000 | 6 Months | 1.00% |
| >5,000<20,000 | 6 Months | 1.25% |
| >20,000<50,000 | 6 Months | 1.50% |
| >50,000 | 6 Months | 1.75% |
| |
| 0<5,000 | 12 Months |
1.00% |
| >5,000<20,000 | 12 Months |
1.25% |
| >20,000<50,000 | 12 Months |
1.50% |
| >50,000 | 12 Months |
1.75% |
Fixed Deposit Accounts
|
| Savings Range in Bands of Thousands |
| Tenure |
5-99 |
100-499 |
500-999 |
1,000-1,999 |
2,000-4,999 |
5,000 & over |
| 30 Days |
2.00% |
3.00% |
3.75% |
4.00% |
4.25% |
4.50% |
| 60 Days |
2.25% |
3.25% |
4.00% |
4.10% |
4.35% |
4.75% |
| 90 Days |
2.75% |
3.50% |
4.15% |
4.25% |
4.40% |
4.85% |
| 180 Days & over |
3.00% |
3.75% |
4.25% |
4.40% |
4.50% |
5.00% |
Loan Products
| Loan Type | Int. Rate P.A. |
| Share |
12% |
| Fixed Deposit | 5% above the Fixed Dep. Rate |
| Golden Harverst |
5% above the Golden Harvest Rate |
Unsecured
(Maximum $350,000) |
25% |
Share to Loan Ratios for 2004 Motor Vehicles
|
Share to Loan Ratios |
Int. Rates with shares & membership greater than 12 mths. |
Int. Rates with shares & membership less than 12 mths |
Int. Rates without shares & membership greater than 12 mths. |
Int. Rates without shares & membership less than 12 mths. |
|
4:1 |
14.25% |
14.75% |
15.25% |
15.75% |
|
5:1 |
14.50% |
15.00% |
15.50% |
16.00% |
|
6:1 |
14.75% |
15.25% |
15.75% |
16.25% |
|
8:1 |
15.00% |
15.50% |
16.00% |
16.50% |
|
10:1 |
15.25% |
15.75% |
16.25% |
16.75% |
Share to Loan Ratios for 2005-2013 Motor Vehicles
|
Share to Loan Ratios |
Int. Rates with shares & membership greater than 12 mths. |
Int. Rates with shares & membership less than 12 mths. |
Int. Rates without shares & membership greater than 12 mths. |
Int. Rates without shares & membership less than 12 mths. |
|
4:1 |
14.00% |
14.50% |
15.00% |
15.50% |
|
5:1 |
14.10% |
14.60% |
15.10% |
15.60% |
|
6:1 |
14.25% |
14.75% |
15.25% |
15.75% |
|
8:1 |
14.50% |
15.00% |
15.50% |
16.00% |
|
10:1 |
14.75% |
15.25% |
15.75% |
16.25% |
Share to Loan Ratios for Regular Loans
|
Share to Loan Ratios |
Int. Rates with shares & membership greater than 12 mths. |
Int. Rates with shares & membership less than 12 mths. |
Int. Rates without shares & membership greater than 12 mths. |
Int. Rates without shares & membership less than 12 mths. |
|
4:1 |
14.00% |
14.50% |
15.00% |
15.50% |
|
5:1 |
14.10% |
14.60% |
15.10% |
15.60% |
|
6:1 |
14.25% |
14.75% |
15.25% |
15.75% |
|
8:1 |
14.50% |
15.0% |
15.50% |
16.00% |
|
10:1 |
14.75% |
15.25% |
15.75% |
16.25% |
Acceptable Securities
- Registered Land Title (66 2/3 of value)
- Life Insurance Policy (50% of Cash Surrender Value)
- Motor Vehicle
- Co-Makers
- Guarantor
|
Loan Fees
|
Loan Amount $ |
Loan Fee % |
Fee Amount $ |
50,001 - 250,000 |
2.00 |
1,000.02 -5,000.00 |
| 250,001 - 500,000 |
2.25 |
5,625.02 - 11,250.00 |
500,001 - 750,000 |
2.45 |
12,250.02 - 18,375.00 |
| 750,001 - 1,500,000 |
2.45 |
18,375.02 - 36,750.00 |
1,500,001 - 2,500,000 |
2.50 |
37,500.02 - 62,500.00 |
| 2,500,001 - 3,000,000 |
2.50 |
62,500.02 - 75,000.00 |
3,000,001 - 4,000,000 |
2.55 |
76,500.02 - 102,000.00 |
| 4,000,001 - 5,999,999 |
2.55 |
102,000.02 - 152,999.97 |
Over 6M (Regular Loan) |
150,000.00 |
|
| Mortage |
2.50 |
|
| Payroll Loan |
3.75 |
|
Unsecured Loan |
4.50 |
|
Fees will not be charged on loans granted for $50,000 and under. Loans granted for over $50,000.00 will
be charged a fee of not less than 2.00% of the loan amount. Fees charged will not exceed the
amount of $150,000.00.
Service Fees Structure
| Services |
Fee (Charges) |
| New Membership |
$2,800.00 |
| Excess of one print out of statement |
$150.00 |
| Additional Cheque Charge |
$200.00 (first 2 cheques for month free) |
| Arbitration |
$2,000 plus Arbitrator's Fee |
| Bailiff |
20% of the loan arrears or minimum of $4,000 |
| Credit Report (24 hours) |
$600.00 |
| Credit Report (Same day) |
$700.00 |
| Letter of Undertaking |
$1,500.00 |
| Recording Bill of Sale |
$5,100.00 |
| Registration of Mortgage |
$1,500.00 |
| Registration of Power of Attorney |
$2,500.00 |
| Discharge of Mortgage |
$3,000.00 |
| Photocopying for Member |
$50.00 per page |
| Bank Statement (Same Day) |
$700.00 |
| Bank Statement (24 hours) |
$600.00 |
| Standing Order (FIP) |
$50.00 |
| Standing Order (Regular) |
$175.00 |
| Standing Order - Late Fee |
$100.00 |
| Foreign Cheque Encashment - Cambio |
$200.00 |
| Replacement of ATM card |
$300.00 |
| Stop Payment |
$250.00 plus bank charge |
| Replacement Cheque |
$200.00 |
| Delinquency Notice/ Reminder Letters |
$200.00 |
| Phone Calls to Delinquent Members |
$100.00 (Land Line) |
| Phone Calls to Delinquent Members |
$150.00 (Mobile) |
| Repossession of Assets |
$2,500.00 plus Wrecker Fee or Fee to Transport Asset |
| Closed Accounts after 6mths of Membership |
$300.00 |
| Inactive Account Notices |
$100.00 |
| Letter of Hypothecation - Issuing |
$2,000.00 |
| Telephone Calls (Local) |
$20.00 per minute |
| Telephone Calls (Mobile) |
$50.00 per minute |
| Point of Sale (Debit Card for Deposits and Loan Payments) |
$13.50 |
| Admin Fee for Payroll Processing |
$12.00 per $1,000.00 |
| Return Cheque Charge |
$250.00 plus Bank Charges |
| Manager's Cheque Request |
$200.00 plus Bank Charges |
| Travellers Cheque Charge |
$100.00 per cheque |
| Stop Payment Charge/Cancellation of Cheque |
$250.00 plus Bank Charges |
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