Rates

Loan and Share Account Rates

To apply for a loan, print out the loan application on this site. After you have completed your application, fax or mail it to our office. Call in or e-mail your questions. Our staff is ready to assist you.

Fax: 330-724-2590
Mail: Firestone Office Federal Credit Union | 31 Hanna Parkway | Akron, OH 44319

Rates conditions, and terms valid as of January 12, 2012 and are subject to change without notice. All loans are subject to credit approval.

MORTGAGE LOAN ORIGINATORS (MLO)

Donna B - 419539   Marlene - 419541

Mortgage Loans

Annual Rate

Terms

Minumum monthly
payment per $1,000
1st Mortgage* 3.90%

Cannot exceed 80% loan to value. Up to 120 Months. $300,000 maximum

 $10.08
1st Mortgage* 4.25%

Cannot exceed 80% loan to value. Up to 180 Months. $300,000 maximum

 $7.53
1st Mortgage* 4.50% Cannot exceed 90% loan to value. Up to 180 Months. $300,000 maximum $7.65
1st Mortgage* 4.75% Cannot exceed 90% loan to value. Up to 240 months. $300,000 maximum $6.47

1st Mortgage*
30/5 Balloon*

 5.25%

Cannot exceed 80% loan to value. Payment based on 30 years. Balloon due on 60th payment. $300,000 maximum

 $5.53
2nd Mortgage 6.75% 1st & 2nd Mortgage cannot exceed 80% of loan to value. Up to 120 months $100,000 maximum $11.48
Max-H-Line

5.00%
Variable Rate

 1-1/2% of amount borrowed per month. Cannot exceed 80% of loan to value $100,000 maximum - 1st lien pledged only. $50,000 maximum- 2nd lien pledged N/A

$500 Off Closing Costs on Purchases and $795 Closing Costs (flat fee) on Refinances. Closing costs are $300 on all Home Equity loans. Closing costs are paid by the member. These fees are subject to change at any time.

*Mortgage Loans in Ohio and Tennessee Only. FFCU is an equal housing lender.

 

Secured Loans

Annual Percentage Rate (APR)

Terms

Minumum monthly
payment per $1,000
Regular Shares
Pledged		 4.5%
3.0%

Up to 84 Months
Up to 36 Months

 $13.90
$29.08
Term Shares Pledged
See Terms		 2.00% over pledged term share rate, minimum rate of 4.50% N/A N/A
New Automobiles
2012-2011 models
(untitled only)
48 months
72 months


2.99%
3.99%
 Prior Year & Current Year Models-Limited to purchase price. Copy of purchase order required


$22.13  $15.64

Used 2011-2009 models

 4.99%

Up to 60 Months. Copy of purchase order required. $50,000 limit

 $18.87
Used 2008 and older, motorcycles 5.99% Up to 60 Months. Copy of purchase order required. $50,000 limit $19.33
Boats, Mobile Homes,Trailers, Campers, ATVs, Jet Skis, Motor Homes

7.25%

 Up to 72 Months
Copy of purchase order required		 $17.17

 

 

Co-Maker Loans

Annual Percentage Rate (APR)

Terms

Minumum monthly
payment per $1,000
Max-E-Line Educational Line of Credit 7.25%

Up to 84 Months Copy of bills and acceptable co-maker required. $12,000 limit

 $15.22
Co-Maker 9.25% Up to 60 Months Acceptable co-maker required. $20,000 limit $20.88

 

Unsecured Loans

Annual Rate

Terms

Minumum monthly
payment per $1,000
Max A-Line Line of Credit 9.25%

Up to 40 Months $10,000 limit.
Min. advance $100

 $ 29.14
Other Unsecured Loans 9.25% Up to 40 Months $10,000 limit $29.14

 

Account Type

Annual Percentage Yield

Dividend Rate

Minumum Balance

Compounding Frequency
Regular Shares 0.30% 0.30% $5.00 Quarterly
IRA Shares 0.80% 0.80% $5.00 Quarterly
1 Year Term Share 0.40% 0.40% $5,000.00 Monthly
2 Year Term Share 0.65% 0.65% $5,000.00 Monthly
3 Year Term Share 0.90% 0.90% $5,000.00 Monthly
4 Year Term Share 1.16% 1.15% $5,000.00 Monthly

Regular Share and IRA Share rates valid beginning January 1, 2012 (subject to change quarterly).

Term Share rates Term Share rates valid beginning January 12, 2012 (subject to change at any time).

Rates, conditions, and terms are subject to change without notice.

Note: Dividends are calculated by applying a periodic rate to the daily balance in the account. Penalty for early withdrawal on term share accounts.

Call or e-mail the Credit Union office for details.

Regular Share Accounts insured to at least $250,000 by the *NCUA

Retirement Accounts insured up to $250,000 by the *NCUA