Loan & Mortgage Rates
Effective
Date: October 22, 2008- Prime Rate 4.00%
CONSUMER
LOANS
| Variable Rate |
Fully Secured CU Deposits or Shares
|
Prime
|
| Consumer Secured |
Prime
+ 1.00% to 6.00% |
| Consumer Unsecured |
Prime + 2.00% to 10.00% |
| Fixed Rate |
Calculate
floating rate then add 1/4% for each year fixed. |
AUTHORIZED
OVERDRAFT
Variable
Rate (Note: Fixed Rates are Not Available on Authorized Overdrafts)
| Unsecured
|
Prime + 2.00% to 10.00% |
Fully CU Deposits or Shares |
Prime to Prime + 2.00% |
First Charge Mortgage/Caveat
(excluding residential) |
Prime + 1.00% to Prime + 6.00% |
Second Charge Mortgage/Caveat |
Prime + 2.00% to Prime + 7.00% |
PPSA |
Prime + 1.00% to Prime + 8.00% |
Home Equity Credit Line |
Prime + 1.00% to Prime + 5.00% |
RESIDENTIAL MORTGAGES
(Owner Occupied - 40 acres or less)
| First Mortgage |
Variable Rate Open
|
|
1 Year Open
|
7.50%
|
1 Year Closed
|
6.50%
|
2 Year Closed
|
5.30%
|
3 Year Closed
|
5.40%
|
4 Year Closed |
5.50%
|
5 Year Closed |
5.60% |
| Second Mortgage - Fixed Rate |
1 Year Open
|
7.25% |
** Construction Mortgages will float at Prime + 2.00% until home completion. |
FARM LOANS
| Variable Rate |
Memorandum of Charge/Caveat
|
Prime
+ 1.00% to Prime + 4.00%
|
PPSA |
Prime
+ 1.00% to Prime + 6.00% |
| Fixed Rate |
Calculate
floating rate then add 1/4% for each year fixed. |
FARM MORTGAGES
| Variable Rate |
First Charge Mortgage
|
Prime + 1.00% to Prime + 3.00%
|
Second & Subsequent Mortgages |
Prime + 2.00% to Prime + 8.00% |
| Fixed Rate |
First Charge Mortgage - 1 Year Closed |
6.75%
|
| First
Charge Mortgage - 2 Year Closed |
6.75%
|
| First Charge Mortgage - 3 Year Closed |
6.50%
|
| First
Charge Mortgage - 4 Year Closed |
6.50%
|
| First Charge Mortgage - 5 Year Closed |
6.25% |
BUSINESS LOANS
| Variable Rate |
Memorandum of Charge/Caveat
|
Prime
+ 2.00% to Prime + 6.00%
|
PPSA |
Prime
+ 2.00% to Prime + 8.00%
|
| Fixed Rate |
Calculate
floating rate then add 1/4% for each year fixed. |
BUSINESS MORTGAGES
| Variable Rate |
First Charge Mortgage
|
Prime + 1.00% to Prime + 3.00%
|
Second Charge Mortgage |
Prime
+ 2.00% to Prime + 5.00% |
| Fixed Rate |
First Charge Mortgage - 1 Year Closed |
6.75%
|
| First
Charge Mortgage - 2 Year Closed |
6.75%
|
| First Charge Mortgage - 3 Year Closed |
6.50%
|
| First
Charge Mortgage - 4 Year Closed |
6.50%
|
| First Charge Mortgage - 5 Year Closed |
6.25% |
|
