Rates

Effective Date: June 22, 2017

Savings, Checking and Investment Rates

Share Certificate Promotions
ACCOUNT NAME TERM REQUIRED MINIMUM INVESTMENT DIVIDENDS PAY & COMPOUND APR APY*
Share Certificate* 5 Year $1,000.00 Quarterly 2.20% 2.22%
Traditional, Roth or SEP IRA Certificate* 5 Year $1,000.00 Quarterly 2.20% 2.22%

*APY = Annual Percentage Yield. Elite Reward rates do not apply. Offer good through July 15, 2017. Dividends compounded and paid quarterly. Penalty for early withdrawal.

Checking Accounts
Account Type Applicable Balance Range APY* Dividend Compounding Method Dividends Paid
Check Plus Checking $750.00 to $4999.99 0.05% Monthly Monthly
Check Plus Checking $5,000.00 to $19,999.00 0.10% Monthly Monthly
Check Plus Checking $20,000.00 and up 0.15% Monthly Monthly
Regular Checking $500.00 and up** 0.05% Quarterly Quarterly
Choice Business Checking $15,000.00 and up 0.20% Monthly Monthly

*APY = Annual Percentage Yield

** Account must remain open throughout the quarter to earn dividends for quarter. Rate shown is the most recent paid (last quarter) and may not be effective for this or future quarters. Regular checking account dividends are declared at the end of each quarter.

Savings, Money Market and Depository IRA Rates
Account Type Applicable Balance Range APY* Dividend Calculation Method When Dividends are Paid
Regular Share (Savings) Account $100.00 to $499.99** 0.20% Quarterly Quarterly
Regular Share (Savings) Account $500.00 to $1499.99** 0.20% Quarterly Quarterly
Regular Share (Savings) Account $1500 and up** 0.20% Quarterly Quarterly
Rising Star (Youth) Savings $5.00 and up** 0.20% Quarterly Quarterly
Cosmic Teen (Youth) Savings $5.00 and up** 0.20% Quarterly Quarterly
Money Market Account $2,000 to $19,999.99 0.20% Daily Monthly
Money Market Account $20,000 to $49,999.99 0.20% Daily Monthly
Money Market Account $50,000.00 to $89,999.99 0.25% Daily Monthly
Money Market Account $90,000.00 to $199,999.99 0.30% Daily Monthly
Money Market Account $200,000.00 and up 0.35% Daily Monthly
Traditional IRA Savings (see IRA certificate rates below) under $2,000.00 0.20% Daily Quarterly
Traditional IRA Savings (see IRA certificate rates below) $2,000.00 to $9,999.99 0.25% Daily Quarterly
Traditional IRA Savings (see IRA certificate rates below) $10,000.00 to $49,999.99 0.30% Daily Quarterly
Traditional IRA Savings (see IRA certificate rates below) $50,000.00 and up 0.35% Daily Quarterly
Roth IRA Savings (see IRA certificate rates below) under $2,000.00 0.20% Daily Quarterly
Roth IRA Savings (see IRA certificate rates below) $2,000.00 to $9,999.99 0.25% Daily Quarterly
Roth IRA Savings (see IRA certificate rates below) $10,000.00 to $49,999.99 0.30% Daily Quarterly
Roth IRA Savings (see IRA certificate rates below) $50,000.00 and up 0.35% Daily Quarterly

*APY = Annual Percentage Yield

** Account must remain open throughout the quarter to earn dividends for quarter. APY shown is most recent paid (prior quarter) and may not be effective this quarter or in the future. Share dividends are declared at the end of the dividend period.

*** Account must remain open until maturity to earn dividends for year. APY shown is most recent paid (prior quarter) and may not be effective this quarter or in the future. Share dividends are declared at the end of the dividend period.

Share Certificates & IRA Certificates
Account Name Term Required Minimum Investment Dividends Pay & Compound APY*
Mini-Jumbo 91 Days $20,000.00 At Maturity 0.10%
Mini-Jumbo 6 months $20,000.00 Monthly 0.30%
Mini-Jumbo 9 months $20,000.00 Monthly 0.30%
Short Term Certificate 91 Days $1,000.00 At Maturity 0.10%
Short Term Certificate 182 Days $1,000.00 Monthly 0.30%
Short Term Certificate 9 months $1,000.00 Monthly 0.30%
12 Month Certificate 1 year and over $1,000.00 Quarterly 0.60%
18 Month Certificate 18 months and over $1,000.00 Quarterly 0.60%
2 Year Certificate 2 years and over $1,000.00 Quarterly 0.85%
30 Month Certificate 30 months and over $1,000.00 Quarterly 0.85%
3 Year Certificate 3 years and over $1,000.00 Quarterly 1.05%
4 Year Certificate 4 years and over $1,000.00 Quarterly 1.36%
5 Year Certificate 5 years $1,000.00 Quarterly 1.51%
2 Year Small Savers Certificate 2 years $100.00 Quarterly 0.10%
1 Year IRA Certificate 1 year and over $1,000.00 Quarterly 0.80%
2 Year IRA Certificate 2 years and over $1,000.00 Quarterly 1.00%
3 Year IRA Certificate 3 years and over $1,000.00 Quarterly 1.21%
4 Year IRA Certificate 4 years and over $1,000.00 Quarterly 1.46%
5 Year IRA Certificate 5 years $1,000.00 Quarterly 1.56%

*APY = Annual Percentage Yield Remember, members of our Elite Rewards may be eligible for certificate rate bonuses of 0.10% to 0.20% over the rates shown above. See our Conveniences section about becoming a member of the Elite Rewards for members age 50 and older. Note: Elite Rewards rates do not apply to certificate promotion.

Jumbo Share Certificates

Jumbo Share Certificates are available for minimum investments of $90,000.00 and up. Terms vary from 91 days to 180 days to 365 days and dividends are paid to the investor on a monthly basis (no compounding).

Account Name Term Required Minimum Investment Dividends Pay & Compound APY*
3 Month Jumbo 3 months $90,000 Monthly (no compounding) 0.20%
6 Month Jumbo 6 months $90,000 Monthly (no compounding) 0.30%
1 Year Jumbo 1 year $90,000 Monthly (no compounding) 0.75%

*APY = Annual Percentage Yield Remember, members of our Elite Rewards may be eligible for certificate rate bonuses of 0.10% to 0.20% over the rates shown above. See our Conveniences section about becoming a member of the Elite Rewards for members age 50 and older. Note: Elite Rewards rates do not apply to certificate promotion.

Disclosure: Dividends are based on Credit Union earnings and cannot be guaranteed. The Dividend Rate and Annual Percentage Yield for each account offered by the Credit Union are effective as of the effective date indicated on this schedule. For Savings and Checking, the Rate and Yield may change. Account fees may reduce earnings. For Certificate Accounts, there is a substantial penalty for early withdrawal of principal. Velocity Credit Union is federally insured by the National Credit Union Administration.

Loan Rates

Loan Information and Available Discounts

All loan rates shown below are quoted as Annual Percentage Rates (abbreviated APR). All consumer loans are calculated on a simple interest basis and carry no pre-payment penalties or pre-paid interest charges. Optional credit life and credit disability insurance is available to most borrowers on many types of loans at a very reasonable charge. Special terms and conditions apply to certain mortgage loans, so be sure and consult our mortgage loan information page for more complete information. All posted loan rates and terms are subject to change without notice. Velocity Credit Union is an Equal Housing lender.

Loan rates are published at the lowest rates available. Your actual loan rate may vary from those published below. Your Annual Percentage Rate is determined by your individual credit rating score that is obtained from a credit reporting agency. Your interest rate, term and payment will be determined when we process your loan application. Rates and terms are subject to change without notice.

New Car and Truck Loans

Your annual percentage rate (APR) will be based on your individual credit rating score that is obtained from a credit reporting agency. Your interest rate, term and payment will be determined when we process your loan application. Rates and terms are subject to change without notice.

LOAN TERM APR AS LOW AS OTHER INFORMATION PAYMENT PER
$1,000 BORROWED
Up to 63 months 3.99% 3.49% with Member Rewards $17.62
Over 64 to 66 months 3.99%** Available only on vehicles that retail above $11,000.00 $16.90
Over 67 to 75 months 4.24%** Available only on vehicles that retail above $18,000.00 $15.20

* 100% financing is available on all new models. Financing terms up to 66 months are available only on autos with a retail value greater than $11,000. Financing terms for 67-75 months are available only on autos with a retail value greater than $18,000.
**Promotion rate only available on vehicles that retail above $18,000.00.

Used Car and Truck Loans

Your annual percentage rate (APR) will be based on your individual credit rating score that is obtained from a credit reporting agency. Your interest rate, term and payment will be determined when we process your loan application. Rates and terms are subject to change without notice.

AGE OF VEHICLE LOAN TERM APR AS LOW AS PAYMENT PER $1,000 BORROWED
Current year to 5 years old Up to 63 months 3.99% $17.62
Current year to 5 years old 64 to 66 months 3.99%** $16.90
Current year to 5 years old 67 to 75 months 4.24%** $15.20
6 to 7 year old models Up to 48 months 3.99% $22.57
6 to 7 year old models 49 to 54 months 3.99% $20.26
6 to 7 year old models 55 to 60 months 4.24% $18.53
8 to 10 year old models Up to 36 months 4.24% $29.63

* 100% financing available to qualified borrowers. Special financing rates and terms are available (up to 5 years) to owners/purchasers of qualified classic, antique, and collectible vehicles. Financing terms up to 66 months are available only on autos with a retail value greater than $11,000. Financing terms for 67-75 months are available only on autos with a retail value greater than $18,000.
**Promotion rate only available on vehicles that retail above $18,000.00.

Mastercard Credit Card Rates

An introductory rate of 0%APR applies to Platinum and Platinum Rewards cards for the first six months after the card is issued; then the rates will revert to those listed below.

Account Type Available Credit Limits APR as low as
Mastercard Platinum $1000.00 to $25,000.00 7.99% APR
Mastercard Platinum Rewards $1000.00 to $25,000.00 9.49% APR
Mastercard Classic Secured $500.00 to $5,000.00 14.99% APR
Personal Loans

Your annual percentage rate (APR) will be based on your individual credit rating score that is obtained from a credit reporting agency. Your interest rate, term and payment will be determined when we process your loan application. Rates and terms are subject to change without notice.

LOAN TYPE AMOUNT FINANCED LOAN TERM APR AS LOW AS PAYMENT PER $1,000 BORROWED
Personal Loan Up to $20,000 Up to 60 months 9.99% $21.24
Quickloan line-of-credit $500.00 to $15,000.00 Up to 60 months 9.99% N/A
New Motorcycles, Motor Homes, Boats, Travel Trailers, and Campers

Your annual percentage rate (APR) will be based on your individual credit rating score that is obtained from a credit reporting agency. Your interest rate, term and payment will be determined when we process your loan application. Rates and terms are subject to change without notice.

LOAN TYPE LOAN TERMS APR AS LOW AS OTHER INFORMATION PAYMENT PER $1,000 BORROWED
New motorcycles Up to 60 months 5.50% 60 month financing available only on amounts of $12,000 and up $19.10
New Motor Homes Up to 60 months 5.50% 100% financing available to qualified borrowers. $19.10
New Motor Homes Up to 84 months 5.75% 100% financing available to qualified borrowers. $14.49
New Motor Homes Up to 120 months 6.75% 100% financing available to qualified borrowers. $11.48
New Motor Homes Up to 144 months 7.00% 100% financing available to qualified borrowers. $10.28
New Boats, Motors, Trailers Up to 60 months 5.50% 100% financing available to qualified borrowers; maximum amount financed $50,000 $19.10
New Boats, Motors, Trailers Up to 84 months 5.75% 100% financing available to qualified borrowers; maximum amount financed $50,000 $10.98
New Boats, Motors, Trailers Up to 120 months 6.75% 100% financing available to qualified borrowers; maximum amount financed $50,000 $11.48
New Travel Trailer and Camper Up to 60 months 5.50% 100% financing available to qualified borrowers $19.10
New Travel Trailer and Camper Up to 84 months 5.75% 100% financing available to qualified borrowers $14.49
New Travel Trailer and Camper Up to 120 months 6.75% 100% financing available to qualified borrowers $11.48
New Travel Trailer and Camper Up to 144 months 7.00% 100% financing available to qualified borrowers $10.28

* Down payment requirement based on vehicle price excluding tax, title, transfer, license and dealer discounts.

Used Motorcycles, Motor Homes, Boats, Travel Trailers, and Campers

Your annual percentage rate (APR) will be based on your individual credit rating score that is obtained from a credit reporting agency. Your interest rate, term and payment will be determined when we process your loan application. Rates and terms are subject to change without notice.

LOAN TYPE YEAR MODEL LOAN TERM APR AS LOW AS AMOUNT FINANCED PAYMENT PER $1,000 BORROWED
Used Motorcycles Current year & 1 year old Up to 60 months 6.25% Up to NADA book value $19.45
Used Motorcycles 2 & 3 years old Up to 48 months 6.50% Up to NADA book value $23.71
Used Motorcycles 4 & 5 years old Up to 36 months 7.00% Up to NADA book value $30.88
Used Motorcycles 6 & 7 years old Up to 36 months 7.50% Up to NADA book value $31.11
Used Motor Homes All, based on value Up to 60 months 5.75% Up to NADA book value $19.22
Used Motor Homes All, based on value Up to 84 months 6.00% Up to NADA book value $14.61
Used Motor Homes All, based on value Up to 120 months 7.00% Up to NADA book value $11.61
Used Motor Homes All, based on value Up to 144 months 7.50% Up to NADA book value $10.55
Used Boats, Motors, Trailers All, based on value Up to 60 months 5.75% Up to NADA book value; $50,000.00 maximum; boats and motors must be no more than 10 years old. $19.22
Used Boats, Motors, Trailers All, based on value Up to 84 months 6.00% Up to NADA book value; $50,000.00 maximum; boats and motors must be no more than 10 years old. $14.61
Used Boats, Motors, Trailers All, based on value Up to 120 months 7.00% Up to NADA book value; $50,000.00 maximum; boats and motors must be no more than 10 years old. $11.61
Used Travel Trailer or Camper All, based on value Up to 60 months 5.75% Up to NADA book value $19.22
Used Travel Trailer or Camper All, based on value Up to 84 months 6.00% Up to NADA book value $14.61
Used Travel Trailer or Camper All, based on value Up to 120 months 7.00% Up to NADA book value $11.61
Used Travel Trailer or Camper All, based on value Up to 144 months 7.50% Up to NADA book value $10.55

* 100% financing is available to qualified borrowers on used motorcycles, boats, motor homes, travel trailers and camper loans. Velocity reserves the right to reduce loan term depending upon value and condition of vehicle/collateral.

Home Equity, Home Improvement and Real Estate Loans

Home equity loans as low as 3.99% APR
Loan rates discounted .25% with Member Rewards!

Your annual percentage rate (APR) will be based on your individual credit rating score that is obtained from a credit reporting agency. Your interest rate, term and payment will be determined when we process your loan application. Rates and terms are subject to change without notice.

LOAN TYPE LOAN TERM APR AS LOW AS PAYMENT PER $1,000 BORROWED
without Member Rewards
Home Equity Loans Up to 5 years 4.24% / 3.99%* $18.53
Home Equity Loans Up to 10 years 4.49% / 4.24%* $10.36
Home Equity Loans Up to 15 years 4.99% / 4.74%* $7.90
Home Equity Loans Up to 20 years 5.49% / 5.24%* $6.87
Home Equity Line of Credit Up to 15 years 7.50% N/A
Home Improvement Up to 5 years 6.00% $19.33
Home Improvement Up to 10 years 6.25% $11.23
Home Improvement Up to 15 years 6.50% $8.71
Home Improvement Up to 20 years 7.25% $7.90
Unimproved Real Estate Up to 8 years 7.50% $15.34
Unimproved Real Estate Up to 12 years 8.50% $11.10
Unimproved Real Estate Up to 15 years 9.50% $10.44

*With Member Rewards. Minimum loan amount $20,000.

Miscellaneous Loan Types

Your annual percentage rate (APR) will be based on your individual credit rating score that is obtained from a credit reporting agency. Your interest rate, term and payment will be determined when we process your loan application. Rates and terms are subject to change without notice.

Loan Type Amount financed Loan Term APR as low as Other Information
Share Secured Up to share balance, less other pledges Up to 10 years 4.75%  
Share Certificate Secured Up to certificate balance Not to exceed maturity date of certificate 2.50% over certificate rate, 18.00% maximum Loan may extend to maturity date of share certificate or maximum of one year, whichever is less
New Furniture, Computers, Appliances and Consumer Goods* Maximum loan amount $20,000 Up to 7 years 9.50% 100% financing is available to qualified borrowers
New and Used Personal Water Craft Current year and 2 year old models Up to 5 years 9.50% 100% financing is available to qualified borrowers

* Loans for personal computers are limited to 60 months maximum.

Velocity 15 and 30 Year Mortgages, Fixed and Variable Rate
Loan Type Loan Term Rate APR*
Conventional 15 yr fixed 3.375% 3.598%
Conventional 30 yr fixed 4.125% 4.256%
VA or FHA 30 yr fixed 3.75% 4.856%

*Above is based on a loan amount of 150,000 and the purchase of a single family primary residence home with 20% down payment
FHA is based on 3.5 min down payment


Loans subject to credit and property approval. Rates are as of Jan. 10, 2017 and subject to change daily without notice. If you apply your loan terms may vary based upon when you submit your application, the information you provide with your application and our underwriting criteria in effect at that time. Payment estimates do not include estimates for insurance or taxes, actual payment obligation will be greater