Home
Online Banking
Loan Application
Financial Rates
Services
Kids Korner
Financial Tools
Contact Us
About Us
Adult's Corner
Privacy Statement
Security Statement
Disclosure Information
Financial Rates

 

Loan and Deposit Rates

 

LENDING RATES

To Qualified Borrowers As Low as* Term
Home Mortgages Various low rates Up to 360 months
Home Equity 7.00% Various
Home Refinance Various Various
Auto Loan (New) 5.50% Up to 60 months
Auto Loan (Used) 6.00% Various
Auto Refinance 6.00% Vehicle 6 months old considered same as new
Signature Loan 8.00% Various
Seasonal Special Loan 8.00% Various
MasterCard (Basic) 13.99 Fixed Credit line up to $7,500.00
MasterCard (Platinum) 9.9% Fixed Credit line up to $20,000.00
Shared Secured Loan 4.00% Various

Credit Report Tips 
Some Tips On How To Improve Your Credit Score:                                           

1. Pay your bills on time
2. If you have missed payments, get current and stay current
3. Keep balances low on credit cards and other revolving credit
4. Pay off debt rather than move it around
5. Donīt open a number of new credit cards that you donīt need
6. Re-establish your credit history if you have had problems
7. Make any credit corrections with the proper documentation
8. Consolidate credit card bills onto fewer credit cards

Some Factors That Determines Your Credit Score:

1. Payment History
2. Amounts Owed
3. Length of Credit History
4. Pattern of Credit Use
5. Types of Credit in Use


 

DEPOSIT RATES

Savings Accounts APR* APY**
Regular Shares .50% .50%
Credit Card Side Share 1.0% 1.0%
Car Insurance Share                             1.0%                             1.0%                            
Life Insurance Share 1.0% 1.0%                                    
Vacation Club 1.0%                                 1.0%                                  
Christmas Club 1.0% 1.0%
Checking Account   0.0%   0.0%  
IRA                   3.0%                   3.04%                        
                                                        
Money Market

 Up to $50,000.00

$50,001.00 - $100,000.00

$100,000.00 and above

1.20%

1.40%

1.65%

1.21%

1.41%

1.66%

Certificates      

6 months (up to $50,000.00)

6 months ($50,001.00 -  $100,000.00)

6 months ($100,000.00 and above)

     

2.25%

2.40%

2.65%                        

2.25%

2.40%

2.65%

                

12 months(up to $50,000.00)

12 months($50,001.00 - $100,000.00)

12 months($100,001.00 and above)

 

2.40%

2.55%

2.80%

 

2.40%

2.55%

2.80%

 

24 months (up to $50,000.00)

24 months ($50,001.00 - $100,000.00)

24 months ($100,001.00 and above)

2.95%

3.10%

3.35%

 

 

2.95%

3.10%

3.35%


 
RATES ARE CURRENT AS OF 4/19/2007. Rates are subject to change.

APY** = Annual Percentage Yield
APR* = Annual Percentage Rate
 
 
Beneficiary Update/Information
All members should review their current stated beneficiaries for accuracy.  Please come into our one of our offices to make any changes or updates.

You should periodically review your beneficiary information.
 


Motown First FCU
2112 Holbrook Avenue
Hamtramck, Michigan 48212
313.872.1277
FAX: 313.873.6451
holbrookfcu@mindspring.com