Deposit Rates
Share Accounts Effective 02/01/2011
| Account Type | Rate | APY* | Min. Balance |
|---|---|---|---|
| Fat Cat | 0.25 | 0.25 | $25 |
| Share | 0.25 | 0.25 | $25 |
| Zard | 0.25 | 0.25 | $25 |
| Golden Circle | 0.25 | 0.25 | $25 |
| Holiday Cash Club | 0.25 | 0.25 | $25 |
*APY: Annual Percentage Yield
Checking and Money Market Share Effective 02/01/2011
| Account Type | Rate | APY* | Min. Balance |
|---|---|---|---|
| Checking | 0.15 | 0.15 | None |
| Money Market | 0.50 | 0.50 | $250 |
*APY: Annual Percentage Yield
Share Term Certificates Effective 09/01/2011
| Account Type | Term | Rate | APY* | Min. Balance |
|---|---|---|---|---|
| Share Term Certificate | 6 months | .75 | .75 | $250 |
| Share Term Certificate | 12 months | 1.00 | 1.00 | $250 |
| Share Term Certificate | 18 months | 1.00 | 1.00 | $250 |
| Share Term Certificate | 24 months | 1.25 | 1.25 | $250 |
| Share Term Certificate | 30 months | 1.25 | 1.25 | $250 |
| Share Term Certificate | 36 months | 1.50 | 1.50 | $250 |
| Share Term Certificate | 48 months | 1.50 | 1.50 | $250 |
| Share Term Certificate | 60 months | 1.50 | 1.50 | $250 |
Dividend Rates Information
Dividend rates on shares and IRAs have been set subject to the availability of funds. Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period. Depending on options chosen, most accounts have modest service charges that could reduce net earnings. There is a penalty for early withdrawal from certificates. The dividends on all accounts except certificates are variable and may change at preset intervals after the account is opened. All depository services compound dividends daily, except Share Term Certificates. Initial/opening rates are subject to change without notice. Please call our 24-Hour Voice Response Service at 800.328.4543, or in Raleigh 919.839.5428, or your local branch for current rates.
*APY: Annual Percentage Yield
Individual Retirement Accounts Effective 08/22/2011
| Account Type | Rate | APY* |
|---|---|---|
| Traditional IRA | 1.00 | 1.01 |
| Roth IRA | 1.00 | 1.01 |
| SEP IRA | 1.00 | 1.01 |
| Coverdell Education Savings Account | 1.00 | 1.01 |
Dividend Rates Information
Dividend rates on shares and IRAs have been set subject to the availability of funds. Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period. Depending on options chosen, most accounts have modest service charges that could reduce net earnings. There is a penalty for early withdrawal from certificates. The dividends on all accounts except certificates are variable and may change at preset intervals after the account is opened. All depository services compound dividends daily, except Share Term Certificates. Initial/opening rates are subject to change without notice. Please call our 24-Hour Voice Response Service at 800.328.4543, or in Raleigh 919.839.5428, or your local branch for current rates.
*APY: Annual Percentage Yield
Health Savings Account Effective 08/19/2011
| Account Type | Rate | APY* |
|---|---|---|
| Health Savings Account | 1.75 | 1.77 |
*APY: Annual Percentage Yield
Mortgage Rates
Mortgage Loans Effective 06/14/2011
| Account Type | Term | Rate | APR* |
|---|---|---|---|
| 2-year ARM - 90% LTV - Variable Rate | 30 Years | 3.75 | 4.67 |
| 2-year ARM - 90.1%-100% LTV - Variable Rate | 30 Years | 4.75 | 4.83 |
| 1st Time Homebuyers - 100% LTV - Variable Rate | 30 Years | 4.75 | 4.77 |
| 5-year ARM - 90% LTV - Variable Rate | 30 Years | 4.75 | 4.83 |
| 5-year ARM - 100% LTV - Variable Rate | 30 years | 5.75 | 5.19 |
| AllSavers - 100% LTV - Fixed Rate | 15 years | 5.75 | 5.94 |
| 15-year 90% or Less - Fixed Rate | 15 Years | 4.75 | 4.93 |
| 15-year 90.1% - 100% - Fixed Rate | 15 Years | 5.75 | 5.94 |
| 20-year 90% or Less - Fixed Rate | 20 Years | 5.00 | 5.15 |
| 20-year 90.1% - 100% - Fixed Rate | 20 Years | 6.00 | 6.16 |
| Reverse Mortgage** |
*APR: Annual Percentage Rate
**Contact the Call Center at 888.732.8562 or your local branch for a Reverse Mortgage quote.
Both ARM and Fixed-Rate Green Mortgages are available for homes that earn an Energy Star rating for meeting higher energy efficiency standards.
Second Mortgage Effective 09/01/2009
| Account Type | Term | Payroll APR* | Direct Pay APR* | Comments |
|---|---|---|---|---|
| Second Mortgage Fixed Rate | 10 Years | 8.75 | 9.25 | Improved Property |
| Second Mortgage Variable Rate | 10 Years | 9.75 | 10.25 | Improved Property |
| Green Second Mortgage - LGFCU first mortgage | 10 Years | 6.25 | 6.75 | Improved Property |
| Green Second Mortgage - First mortgage other lender | 10 Years | 7.00 | 7.50 | Improved Property |
*APR: Annual Percentage Rate
Both ARM and Fixed-Rate Green Mortgages are available for homes that earn an Energy Star rating for meeting higher energy efficiency standards.
Land Loans Effective 02/14/2006
| Account Type | Term | Payroll APR* | Direct Pay APR* | Comments |
|---|---|---|---|---|
| Unimproved Property | 10 Years | 7.75 | 8.25 | Fixed Rate |
Rates are subject to change without notice. Please check with a local branch or call our 24-Hour Voice Response Service at 800.328.4543 or in Raleigh 919.839.5428 for current rates.
*APR: Annual Percentage Rate
Loan Rates
Home Equity Line of Credit (HELOC) Effective 11/01/2010
| Account Type | Payroll APR* | Direct Pay APR* |
|---|---|---|
| Home Equity Line of Credit - LGFCU first mortgage* | 4.75 | 5.25 |
| Home Equity Line of Credit - First mortgage other lender | 5.50 | 6.00 |
*First mortgage with LGFCU or no first mortgage.
Payroll deducted payments provide substantial savings in processing costs for the Credit Union. Credit cards and mortgages cannot be paid with payroll deduction. Initial/opening rates are subject to change without notice. Please check with a branch or call our 24-Hour Voice Response Service at 800.328.4543 or in Raleigh 919.839.5428 for current rates.
*APR: Annual Percentage Rate
Vehicle Loans - Fixed Rate Effective 11/01/2010
| Account Type | Term | Payroll APR* | Direct Pay APR* |
|---|---|---|---|
| New Vehicle | Up to 72 Months | 4.75 | 5.25 |
| Used Vehicle | Up to 72 months | 4.75 | 5.25 |
| Green Car | Up to 72 months (new and used) | 4.25 | 4.75 |
Loan example: $20,000 loan at 4.75% APR; 72 monhly payments of approximately $320 each month for payroll APR. Rates are subject to change without notice. Please check with a branch office or call our 24-Hour Voice-Response Service at 800.328.4543 or in Raleigh 919.839.5428 for current rates. All current and prior year models must have less than 10,000 miles.
*APR: Annual Percentage Rate
Motorcycle, Boat and RV Loans Effective 02/04/2010
| Account Type | Term | Payroll APR* | Direct Pay APR* |
|---|---|---|---|
| New & Used Boat | Up to 72 months | 7.75 | 8.25 |
| New & Used Motorcycle | Up to 72 months | 7.75 | 8.25 |
| New & Used RV Loans | Varies by type | 7.75 | 8.25 |
Rates are subject to change without notice. Please check with a branch or call our 24-Hour Voice Response Service at 800.328.4543 or in Raleigh 919.839.5428 for current rates.
*APR: Annual Percentage Rate
Salary Advance Loan (Payday Loan) Effective 11/15/2005
| Account Type | Term | Amount | Payroll APR* |
|---|---|---|---|
| Salary Advance Loan | Open-end | $500 maximum | 12.00 |
*APR: Annual Percentage Rate
Credit Cards Effective 10/19/2007
| Account Type | Direct Pay APR* | Comments |
|---|---|---|
| Visa | 9.75 | Variable Rate |
Rates are subject to change without notice. Please check with a branch or call our 24-Hour Voice Response Service at 800.328.4543 or in Raleigh 919.839.5428 for current rates.
*APR: Annual Percentage Rate
Personal Loans Effective 07/22/2005
| Account Type | Payroll APR* | Direct Pay APR* | Comments |
|---|---|---|---|
| Personal Loan - Open and Closed End | 10.75 | 11.25 | Variable Rate |
| Personal Loan - Unsecured and Secured | 10.75 | 11.25 | Variable Rate |
Rates are subject to change without notice. Please check with a branch or call our 24-Hour Voice Response Service at 800.328.4543 or in Raleigh 919.839.5428 for current rates.
*APR: Annual Percentage Rate
Computer Loans Effective 07/22/2005
| Account Type | Term | Amount | Payroll APR* | Direct Pay APR* |
|---|---|---|---|---|
| Computer Loan | 36 months | $3,500 maximum | 6.50 | 7.00 |
Rates are subject to change without notice. Please check with a branch or call our 24-Hour Voice Response Service at 800.328.4543 or in Raleigh 919.839.5428 for current rates.
*APR: Annual Percentage Rate
Secured Loans Effective 11/01/2010
| Account Type | Term | Payroll APR* | Direct Pay APR* | Comments |
|---|---|---|---|---|
| Share Secured | Up to 24 months | 5.00 | 5.00 | Fixed Rate |
| Vehicle Secured Term Note | 10.75 | Fixed Rate | ||
| Share Secured | 25 to 48 months | 5.50 | 5.50 | Fixed Rate |
| Share Secured | 49 to 120 months | 8.75 | 9.25 | Variable Rate |
| Share Secured Term Note | 6.50 | Fixed Rate | ||
| DOT Term Note | 9.50 | Fixed Rate |
*APR: Annual Percentage Rate
Unsecured Loans Effective 11/01/2010
| Account Type | Payroll APR* | Direct Pay APR* |
|---|---|---|
| Unsecured DOT | 10.00 | |
| Unsecured Term Note | 11.75 |
*APR: Annual Percentage Rate
Rate comparisons used throughout the LGFCU site are based on the
lowest rate available or when payment is made by automatic draft.
