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Rates

Vehicle Loan Rates

Titled Vehicle Rates

The below rates apply to titled items including: autos, motorcycles over 300 cc, light duty trucks, motor homes, and trailers over 3,000 lbs.

Rates as low as*APR as low as*Term
4.99%5.09%0-23 Months
5.49%5.54%24-47 Months
5.99%6.03%48-65 Months
6.49%6.52%66-83 Months
*These rates apply to titled items including autos, motorcycles over 300 cc, light-duty trucks, motor homes, and trailers over 3,000 lbs. Rates are effective 06/24/2024 and subject to change without notice. APR = Annual Percentage Rate. Fees, amount financed and actual term may affect the actual APR and rate of your loan. SVCU loans are done using risk-based pricing to determine the interest rate and are based on the borrower's term and creditworthiness. All rates and loans are subject to credit approval. Vehicle loans are available for vehicles 10 or less model years old. The age of the vehicle will determine the maximum length of term available. Other terms and rates may be available. Contact an SVCU loan officer for more information.
Payment Examples:
23 month term auto loan: $25,000 at 23 months at 4.99% interest rate = 22 payments of $1143.32 per month with a final payment of $1142.99 includes a $25 document fee; 5.09%APR and $45.73 per $1,000 borrowed. Minimum loan amount for 0-23 months is $1,000.
47 month term auto loan: $25,000 at 47 months at 5.49% interest rate = 46 payments of $592.99 per month with a final payment of $592.74 includes a $25 document fee; 5.54%APR and $23.72 per $1,000 borrowed. Minimum loan amount for 24-47 months is $3,000.
65 month term auto loan: $25,000 at 65 months at 5.99% interest rate = 64 payments of $451.83 per month with a final payment of $451.46 includes a $25 document fee; 6.03%APR and $18.07 per $1,000 borrowed. Minimum loan amount for 48-65 months is $7,500.
83 month term auto loan: $25,000 at 83 months at 6.49% interest rate = 82 payments of $375.081er month with a final payment of $374.20 includes a $25 document fee; 6.52%APR and $15.00 per $1,000 borrowed. Minimum loan amount for 66-83 months is $10,000.

Non-Titled Vehicle Rates

The below rates apply to non-titled vehicles including: motorcycles under 300cc, boats, personal watercraft, snowmobiles, ATVs, trailers under 3,000 lbs and other chattel (collateral secured by UCC).

Rates as low as*APR as low as*Term
5.99%6.09%0-23 Months
6.49%6.54%24-47 Months
6.99%7.03%48-65 Months
7.49%7.52%66-83 Months
* These rates apply to non-titled vehicles including: motorcycles under 300cc, boats, personal watercraft, snowmobiles, ATVs, trailers under 3,000 lbs and other chattel (collateral secured by UCC). Rates are effective 06/24/2024 and subject to change without notice. APR = Annual Percentage Rate. Fees, amount financed and actual term may affect the actual APR and rate of your loan. SVCU loans are done using risk-based pricing to determine the interest rate and are based on the borrower's term and credit worthiness. All rates and loans are subject to credit approval. Vehicle loans are available for vehicles 10 or less model years old. The age of the vehicle will determine the maximum length of term available. Other terms and rates may be available. Contact an SVCU loan officer for more information.
Payment Examples:
23 month term auto loan: $25,000 at 23 months at 5.99% interest rate = 22 payments of $1154.47 per month with a final payment of $1154.34 includes a $25 document fee; 6.09%APR and $46.18 per $1,000 borrowed. Minimum loan amount for 0-23 months is $1,000.
47 month term auto loan: $25,000 at 47 months at 6.49% interest rate = 46 payments of $604.46 per month with a final payment of $603.99 includes a $25 document fee; 6.54%APR and $24.18 per $1,000 borrowed. Minimum loan amount for 24-47 months is $3,000.
65 month term auto loan: $25,000 at 65 months at 6.99% interest rate = 64 payments of $463.64 per month with a final payment of $462.96 includes a $25 document fee; 7.03%APR and $18.55 per $1,000 borrowed. Minimum loan amount for 48-65 months is $7,500.
83 month term auto loan: $25,000 at 83 months at 7.49% interest rate = 82 payments of $387.30 per month with a final payment of $386.59 includes a $25 document fee; 7.52%APR and $15.49 per $1,000 borrowed. Minimum loan amount for 66-83 months is $10,000.

Personal Loan Rates

Interest rates below apply to unsecured loans for the purposes of Debt Consolidation, Vacation, Single Payment Notes, Computer etc.

Rates as low as*APR as low as*Minimum Loan AmountMaximum Loan Amount
9.99%10.10%$100 $10,000
Rates are effective 06/24/2024 and subject to change without notice. Loans for less than $7,500 have a maximum term of 48 months and loans greater than $7,500 have a maximum term of 60 months. APR = Annual Percentage Rate. Fees, amount financed and actual term may affect the actual APR and rate of your loan. SVCU loans are done using risk-based pricing to determine the interest rate and are based on the borrower's term and creditworthiness. All rates and loans are subject to credit approval. Other terms and rates may be available. Contact an SVCU loan officer for more information.
Payment Example:
60 month term : $10,000 at 60 months at 9.99% interest rate = 59 payments of $212.99 per month with a final payment of $212.35 includes a $25 document fee; 10.10% APR and $21.30 per $1,000 borrowed.

Credit Builder Loan

The Credit Builder loan provides funds for a shared secured loan to build or rebuild credit.

Minimum Loan AmountMaximum Loan AmountMaximum TermRate*APR*
$500.00 $2,000.00 24 Months12.99%14.24%
*Credit Builder Loan provides funds for shared secured loan to help build or rebuild credit. Rates are effective 11/01/2023 and subject to change without notice. APR = Annual Percentage Rate. Fees, amount financed and actual term may affect the actual APR and rate of your loan. SVCU loans are done using risk-based pricing to determine the interest rate and are based on the borrowers term and credit worthiness. All rates and loans are subject to credit approval. Other terms and rates may be available. Contact an SVCU loan officer for more information.
Payment Example:
24 month term : $2,000 at 24 months at 12.99% interest rate = 23 payments of $96.32 per month with a final payment of $96.10 includes a $25 document fee; 14.24%APR and $48.16 per $1,000 borrowed.

Teen Credit Builder Loan

The Credit Builder loan provides funds for a shared secured loan to build or rebuild credit.

Minimum Loan AmountMaximum Loan AmountMaximum TermRate*APR*
$500.00 $2,000.00 24 Months12.99%14.24%
*Credit Builder Loan provides funds for shared secured loan to help build or rebuild credit. Rates are effective 11/01/2023 and subject to change without notice. APR = Annual Percentage Rate. Fees, amount financed and actual term may affect the actual APR and rate of your loan. SVCU loans are done using risk-based pricing to determine the interest rate and are based on the borrowers term and credit worthiness. All rates and loans are subject to credit approval. Other terms and rates may be available. Contact an SVCU loan officer for more information.
Payment Example:
24 month term : $2,000 at 24 months at 12.99% interest rate = 23 payments of $96.32 per month with a final payment of $96.10 includes a $25 document fee; 14.24%APR and $48.16 per $1,000 borrowed.

Credit Card Rates

Introductory Rate of 4.99% APR for the first 6 billing cycles for new, non-secured credit card holders for purchases and cash advances.

APR as low as*
Credit Card6.99%
Disclosures

Savings and Checking Rates

TypeMinimum BalanceRateAPY*
Share$25.00 (minimum) - $9,999.990.10%0.10%
Share$10,000 and above ($25.00 membership share required)0.15%0.15%
Whiz Kid Share$25.00 (minimum) - $999.991.50%1.51%
Whiz Kid Share$1,000.00 - $9,999.990.10%0.10%
Whiz Kid Share$10,000 and above0.15%0.15%
Share Draft (Checking)NA0%0%
Teen CheckingNA0%0%
IRA ClubNA0.50%0.50%
Christmas or All-Purpose Club$25.00 - $9,999.990.10%0.10%
Christmas or All-Purpose Club$10,000 and above0.15%0.15%
High-Yield Savings$1,500.00 (minimum) - $9,999.990.60%0.60%
High-Yield Savings$10,000.00 - $24,999.991.00%1.01%
High-Yield Savings$25,000.00 - $49,999.991.10%1.11%
High-Yield Savings$50,000.00 - $99,999.991.25%1.26%
High-Yield Savings$100,000.00 and above1.45%1.46%
APY (Annual Percentage Yield) effective 05/25/2023 and is subject to change without notice.
THIS DISCLOSURE CONTAINS NECESSARY TRUTH-IN-SAVINGS ACCOUNT DISCLOSURES. PLEASE BE CERTAIN TO READ THIS DISCLOSURE CAREFULLY AND NOTIFY US AT ONCE IF ANY PARTS ARE UNCLEAR.
In this disclosure the reference to “We”, “Us”, “Our” and “Credit Union” mean Saco Valley Credit Union. The words “You” and “Your” mean each person applying for and/or using any of the services described herein. “Account” means the Share account(s) established for you as set forth herein. For joint accounts, read singular pronouns in the plural.
THE BELOW APPLIES TO SHARE, WHIZ KID, CLUB, HIGH-YIELD, IRA SHARE, AND COVERDELL ESA ACCOUNTS:
Rate Information. For dividend bearing accounts, the dividend rate and APY may change every dividend period based on the determination of the Credit Union Board of Directors. Savings Accounts are subject to a Tiered Rate. Your account will earn dividends according to the daily balance in your account related to the table above.
Minimum Balance Requirements. To open any account, you must deposit or already have on deposit at least the par value of one full share in any account. The par value amount is $25.00. The minimum balance requirements applicable to each account are stated above. If the minimum daily balance is not met each day of the dividend period, you will not earn the stated Annual Percentage Yield.
Nature of Dividends. Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period.
Compounding and Crediting. The dividend period is monthly from the 1st day of each month to the last day of each month and dividends will be calculated on your average daily balance for each day on which your balance equals or exceeds the required minimum balance. Dividends will be compounded and credited to your account.
Balance Computation Method. For dividend-bearing Accounts, dividends are calculated by the daily balance method which applies a daily periodic rate to the principal in Your Account each day.
Accrual of Dividends. Dividends will begin to accrue on cash deposits on the business day you make the deposit to your account. Dividends will begin to accrue on noncash deposits (e.g. checks) on the business day you make the deposit to your account. If you close your account before accrued dividends are credited, accrued dividends will not be paid.
Fees and Charges. Any fees and charges applicable to Your Account are disclosed separately in the “Fee Schedule”.
Fees and/or withdrawals may reduce earnings.

 

IRA and Share Certificate Rates

TermBalanceDividend RateAPY*
3 Month Special$500.00 and above4.20%4.28%
6 Months$500.00 - $49,999.994.00%4.08%
6 Months$50,000.00 and above4.10%4.18%
12 Months$500.00 - $49,999.992.35%2.37%
12 Months$50,000.00 and above2.40%2.42%
24 months$500.00 - $49,999.992.60%2.63%
24 months$50,000.00 and above2.65%2.68%
36 months$500.00 - $49,999.992.85%2.89%
36 months$50,000.00 and above2.90%2.94%
48 months$500.00 - $49,999.993.20%3.25%
48 months$50,000.00 and above3.30%3.35%
60 months$500.00 - $49,999.993.45%3.51%
60 months$50,000.00 and above3.55%3.61%
*The Annual Percentage Yield (APY) is accurate as of 10/15/2024. These rates may change at any time without prior notice. APY is a percentage rate that reflects the total amount of dividends to be paid on an account based on the dividend rate and frequency of compounding for a 365 day period. For share certificates and IRA certificates, the dividend rate and annual percentage yield are fixed and will be in effect for the term of the account. The annual percentage yield is based on an assumption the dividends will remain on deposit until maturity. A withdrawal will reduce earnings.
Rate Information. All Certificate Accounts are subject to a Fixed Rate. Your account will earn dividends according to the daily balance in your account related to the table above.
Minimum Balance Requirements. To open any account, you must deposit or already have on deposit at least the par value of one full share in any account. The par value amount is $25.00. The minimum balance requirements for IRA and Share Certificates is $500.00. If the minimum daily balance is not met each day of the dividend period, you will not earn the stated Annual Percentage Yield.
Transaction Limitations. After your account is opened you may make withdrawals subject to the early withdrawal penalties stated below.
Maturity. Your account will mature as stated on your Share Certificate or Renewal Notice.
Early Withdrawal Penalty. We may impose a penalty if you withdraw from your account before the maturity date.
Amount of Penalty. For all Certificate accounts the amount of early withdrawal penalty for your account is the dividend amount for a period of half the term of the Account.
How the Penalty Works. The penalty is calculated as a forfeiture of part of the dividends that have been or would be earned on the account. It applies whether or not the dividends have been earned. In other words, if the account has not yet earned enough dividends or if the dividend has already been paid, the penalty will be deducted from the principal.
Renewal Policies. For Certificate accounts, your Account will automatically renew for another term upon maturity if you do not take any action. You have 30 days prior to maturity to notify us of the action you would like to take on your Account. You may withdraw funds in the Account without being charged an early withdrawal penalty on the day of maturity only.
Nontransferable/Nonnegotiable. Your account is nontransferable and nonnegotiable. The funds in your Account may not be pledged to secure an obligation of owner, except obligations with the Credit Union.
Nature of Dividends. Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period.
Compounding and Crediting. The dividend period is the Accounts Term. It begins from the date that your Account is opened and ends on the stated maturity date unless renewed, and dividends will be compounded daily and will be credited monthly. Your annual percentage yield assumes dividends will remain on deposit until maturity. A withdrawal will reduce earnings. Accrued dividends (less any early withdrawal penalty) will be paid when you close your Account.
Balance Computation Method. For dividend bearing Accounts, dividends are calculated by the daily balance method which applies a daily periodic rate to the principal in Your Account each day.
Accrual on Non-cash Deposits. For dividend bearing Accounts, dividends will begin to accrue on the business day that you deposit non-cash items (e.g. checks) into Your Account. If you close your account before accrued dividends are credited, you will receive the accrued dividends that have been earned up to the date of closure.
Fees and Charges. Any fees and charges applicable to Your Account are disclosed separately in the “Fee Schedule”.


207-282-6169 | ROUTING NUMBER: 211288666