Rates | Educators Credit Union, Wisconsin

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Rate Sheet Business Rate Sheet

Rates as of 01/01/2023

Checking^2,3Account
Balance	Min. to Open	Dividend Rate	APY¹
¹APY = Annual Percentage Yield. Rates are subject to change after account opening. ²Member may be subject to $2 monthly service fee if receiving paper statements. Member may opt-in to eStatements to have fee waived. ³Fees could reduce earnings on the account
Balance $0 - $2,499	Min. to Open $0	Dividend Rate 0.0%	APY¹ 0.0%
Balance $2,500 and up	Min. to Open $0	Dividend Rate 0.01%	APY¹ 0.01%

Savings Accounts
Savings Type	Min. to Open	Dividend Rate	APY¹
¹APY = Annual Percentage Yield. Rates are subject to change after account opening. ²Member may be subject to $2 monthly service fee if receiving paper statements. Member may opt-in to eStatements to have fee waived. ³Fees could reduce earnings on the account
Savings Type Prime Share Savings with Balance of $100 and up	Min. to Open $5.00	Dividend Rate 0.06%	APY¹ 0.06%
Savings Type Change Up Savings	Min. to Open $0	Dividend Rate 0.51%	APY¹ 0.51%
Savings Type Christmas Club with Balance of $0 - $99.99	Min. to Open $0	Dividend Rate 0.0%	APY¹ 0.0%
Savings Type Christmas Club with Balance of $100 and up	Min. to Open $0	Dividend Rate 0.06%	APY¹ 0.06%
Savings Type Vacation Club with Balance of $0 - $99.99	Min. to Open $0	Dividend Rate 0.0%	APY¹ 0.0%
Savings Type Vacation Club with Balance of $100 and up	Min. to Open $0	Dividend Rate 0.06%	APY¹ 0.06%
Savings Type Summer Pay Balance of $0 - $99.99	Min. to Open $0	Dividend Rate 0.0%	APY¹ 0.0%
Savings Type Summer Pay with Balance of $100 and up	Min. to Open $0	Dividend Rate 0.06%	APY¹ 0.06%
Savings Type Saver’s Sweepstakes	Min. to Open $0	Dividend Rate 0.20%	APY¹ 0.20%
Savings Type Health Savings Account of $0 - $99.99	Min. to Open $0	Dividend Rate 0.0%	APY¹ 0.0%
Savings Type Health Savings Account of $100 and up	Min. to Open $0	Dividend Rate 0.76%	APY¹ 0.76%

Business Savings Account
Type	Dividend Rate	APY¹	Minimum Balance Required to Earn APY	Minimum to Open
Type Prime Share Savings	Dividend Rate 0.06%	APY¹ 0.06%	Minimum Balance Required to Earn APY $100.00	Minimum to Open $5.00

Contact Us to open a Money Market Account

Premium Money Market Accounts (Regular and IRA Accounts)
Dividend Rate	APY¹	Minimum Balance Required to Earn APY²
¹APY = Annual Percentage Yield. Rates will not change until the next tier is reached. Rates are subject to change after the account is opened. ²For Premium Money Market the minimum to open account is $10,000. Points for Perks cannot be used to increase the rates on the Premium Money Market accounts.
Dividend Rate 1.119%	APY¹ 1.125%	Minimum Balance Required to Earn APY² $10,000
Dividend Rate 2.227%	APY¹ 2.25%	Minimum Balance Required to Earn APY² $100,000
Dividend Rate 3.324%	APY¹ 3.375%	Minimum Balance Required to Earn APY² $250,000

Contact us to open a Premium Money Market Account

IRA High Yield Money Market Account
Dividend Rate	APY¹	Minimum Balance Required to Earn APY²
¹APY = Annual Percentage Yield. Rates will not change until the next tier is reached (ex. balance of $2,500 to $9,999 will have a rate of 0.08% APY). Rates are subject to change after the account is opened. ²For IRA Money Market the minimum to open account is $25. Minimum to open regular Money Market account is $1000, $10 fee per month for daily balances below $1000. Penalties apply for “under the minimum daily balance”, which may reduce earnings.
Dividend Rate 0.06%	APY¹ 0.06%	Minimum Balance Required to Earn APY² <$2,500
Dividend Rate 0.08%	APY¹ 0.08%	Minimum Balance Required to Earn APY² $2,500
Dividend Rate 0.11%	APY¹ 0.11%	Minimum Balance Required to Earn APY² $10,000
Dividend Rate 0.14%	APY¹ 0.14%	Minimum Balance Required to Earn APY² $25,000
Dividend Rate 0.19%	APY¹ 0.19%	Minimum Balance Required to Earn APY² $50,000

Contact us to open an IRA Certificate

IRA Certificates, Share Certificates³
Type	Dividend Rate³	APY¹	Min. Balance Required to Earn APY
¹APY = Annual Percentage Yield. Rates are subject to change after account opening. ²Member may be subject to $2 monthly service fee if receiving paper statements. Member may opt-in to eStatements to have fee waived. ³Fees could reduce earnings on the account. Penalty will or may be imposed for early withdrawal.
Type 91 Day	Dividend Rate³ 1.04%	APY¹ 1.05%	Min. Balance Required to Earn APY $500
Type 182 Day	Dividend Rate³ 1.14%	APY¹ 1.15%	Min. Balance Required to Earn APY $500
Type 275 Day (Add-on)	Dividend Rate³ 1.19%	APY¹ 1.20%	Min. Balance Required to Earn APY $500
Type 1 Year	Dividend Rate³ 1.49%	APY¹ 1.50%	Min. Balance Required to Earn APY $500
Type 18 Month	Dividend Rate³ 1.59%	APY¹ 1.60%	Min. Balance Required to Earn APY $500
Type 2 Year	Dividend Rate³ 1.84%	APY¹ 1.85%	Min. Balance Required to Earn APY $500
Type 30 Month	Dividend Rate³ 1.89%	APY¹ 1.90%	Min. Balance Required to Earn APY $500
Type 3 Year	Dividend Rate³ 1.99%	APY¹ 2.00%	Min. Balance Required to Earn APY $500
Type 4 Year	Dividend Rate³ 2.08%	APY¹ 2.10%	Min. Balance Required to Earn APY $500
Type 5 Year	Dividend Rate³ 2.23%	APY¹ 2.25%	Min. Balance Required to Earn APY $500
Type 15 Month CD Special	Dividend Rate³ 3.94%	APY¹ 4.00%	Min. Balance Required to Earn APY $500
Type 15 Month IRA CD Special	Dividend Rate³ 3.94%	APY¹ 4.00%	Min. Balance Required to Earn APY $500

Contact us to open an IRA Account

Mortgage Rates as of 01/31/2023 | 30-day rate lock expires 03/02/2023

Fixed Rate Mortgage Loans
TERM	RATE	APR¹	PAYMENT PER $1000
¹APR = Annual Percentage Rate. APR calculated on loan amount of $100,000. Rates are subject to change. Rates are not guaranteed until a formal lock is processed. Property insurance is required on all mortgages. No prepayment penalty. ³Max loan amount $726,200. Closing cost $1,500. Payments do not include amounts for taxes and insurance premiums. The actual payment obligation will be greater. Interest on a home that is greater than the fair market value of the home is not tax-deductible for federal income tax purposes. Please consult a tax advisor regarding the tax deductibility of interest and charges. Payments do not include amounts for taxes and insurance premiums. The actual payment obligation will be greater. Subject to underwriting approval.
TERM 30- Year Fixed	RATE 6.000%	APR¹ 6.055%	PAYMENT PER $1000 $6.00
TERM 20- Year Fixed	RATE 5.625%	APR¹ 5.697%	PAYMENT PER $1000 $6.96
TERM 15- Year Fixed	RATE 5.250%	APR¹ 5.340%	PAYMENT PER $1000 $8.05
TERM 10- Year Fixed	RATE 5.125%	APR¹ 5.252%	PAYMENT PER $1000 $10.67

Adjustable Rate Mortage Loans (ARMs)
TERM	RATE	APR¹	PAYMENT PER $1000
¹APR = Annual Percentage Rate. APR calculated on loan amount of $100,000. Rates are subject to change. Rates are not guaranteed until a formal lock is processed. Property insurance is required on all mortgages. No prepayment penalty. 2/1 ARM means that the first two years have a locked APR set at closing. The rate can then change by 1% after the first two years and every year after. The rate cannot increase more than 8% during the life of the loan. 5/1 ARM means that the first five years have a locked APR set at closing. The rate can then change by 1% after the first five years and every year after. The rate cannot increase more than 8% during the life of the loan. Closing cost $1,500. Payments do not include amounts for taxes and insurance premiums. The actual payment obligation will be greater. Interest on a home that is greater than the fair market value of the home is not tax-deductible for federal income tax purposes. Please consult a tax advisor regarding the tax deductibility of interest and charges. *Investment Properties have a rate of (rate + 1%) and have a closing cost of $1,800.
TERM 2/1	RATE 5.000%	APR¹ 5.481%	PAYMENT PER $1000 $5.38
TERM 5/1*	RATE 5.250%	APR¹ 5.471%	PAYMENT PER $1000 $5.53

Educators Special (10-Year Fixed Refinance)
TERM	RATE	APR¹	PAYMENT PER $1000
Closing Costs = $500.00 ¹APR = Annual Percentage Rate. APR calculated on loan amount of $100,000. Rates are subject to change. Rates are not guaranteed until a formal lock is processed. Property insurance is required on all mortgages. No prepayment penalty. Subject to underwriting approval. Interest on a home that is greater than the fair market value of the home is not tax-deductible for federal income tax purposes. Please consult a tax advisor regarding the tax deductibility of interest and charges.
TERM 10- Year	RATE 5.125%	APR¹ 5.234%	PAYMENT PER $1000 $10.67

VA Mortgage Products
TYPE	RATE (0 PTS)	APR¹	COST PER $1,000
¹APR = Annual Percentage Rate. APR calculated on loan amount of $100,000. Rates are subject to change. Rates are not guaranteed until a formal lock is processed. No down payment required. Closing costs $1,500. Payments do not include amounts for taxes and insurance premiums. The actual payment obligation will be greater. 620 minimum credit score required. Certificate of eligibility required. Interest on a home that is greater than the fair market value of the home is not tax-deductible for federal income tax purposes. Please consult a tax advisor regarding the tax deductibility of interest and charges.
TYPE 15 Year Fixed	RATE (0 PTS) 5.875%	APR¹ 5.966%	COST PER $1,000 $8.38
TYPE 30 Year Fixed	RATE (0 PTS) 6.125%	APR¹ 6.180%	COST PER $1,000 $6.08

Homes for Habitat
TYPE	RATE (0 PTS)	APR¹	COST PER $1,000
¹APR = Annual Percentage Rate. APR calculated on loan amount of $100,000. Rates are subject to change. Rates are not guaranteed until a formal lock is processed. No down payment required. No closing costs. No credit score requirement. Habitat for Humanity referral required. 20 and 30 year amortization. Interest on a home that is greater than the fair market value of the home is not tax-deductible for federal income tax purposes. Please consult a tax advisor regarding the tax deductibility of interest and charges.
TYPE Fixed Rate	RATE (0 PTS) 6.500%	APR¹ 6.500%	COST PER $1,000 $6.33

First-Time Homebuyer Programs
TERM	RATE	APR¹	PAYMENT PER $1000
90% LTV with maximum second mortgage 7% LTV Minimum Credit Score 660+ ¹APR = Annual Percentage Rate. APR calculated on loan amount of $100,000. Rates are subject to change. Rates are not guaranteed until a formal lock is processed. Property insurance is required on all mortgages. No prepayment penalty. ²With 30 year amortization. 5/5 ARM means that the first five years have a locked APR set at closing. The rate can then change by 2% after the first five years and every five years after. The rate cannot increase more than 8% during the life of the loan. ³As a 15 year fixed based off $10,000 loan amount. Interest on a home that is greater than the fair market value of the home is not tax-deductible for federal income tax purposes. Please consult a tax advisor regarding the tax deductibility of interest and charges. Payments do not include amounts for taxes and insurance premiums. The actual payment obligation will be greater. Subject to underwriting approval.
TERM 5/5 ARM²	RATE 5.625%	APR¹ 5.625%	PAYMENT PER $1000 $5.76
TERM Second Mortage³	RATE 7.250%	APR¹ 7.250%	PAYMENT PER $1000 $9.14

Community Heroes Home Loans
5/5 ARM	RATE (0.000 PTS)	APR¹	COST PER $1000
99% LTV. 30-Year amortization. Minimum Credit Score 740+. Occupation and other restrictions apply. No closing costs. Subject to underwriting approval. ¹APR = Annual Percentage Rate. APR calculated on loan amount of $100,000. Rates are subject to change. Rates are not guaranteed until a formal lock is processed. Property insurance is required on all mortgages. No prepayment penalty. Interest on a home that is greater than the fair market value of the home is not tax-deductible for federal income tax purposes. Please consult a tax advisor regarding the tax deductibility of interest and charges.
5/5 ARM 1% Down Payment	RATE (0.000 PTS) 5.500%	APR¹ 5.00%	COST PER $1000 $5.68

Construction Loans
TERM	RATE	APR¹	PAYMENT PER $1000
¹APR = Annual Percentage Rate. APR calculated on loan amount of $100,000. Rates are subject to change. Rates are not guaranteed until a formal lock is processed. Property insurance is required on all mortgages. No prepayment penalty. Subject to underwriting approval. ²One-year term with conversion to 5-year ARM after completion. Maximum Loan to Value (LTV) 90%. $1,500 closing cost plus the cost of the title. ³One-year term with conversion to fixed-rate after completion. Maximum Loan to Value (LTV) 95%. $1,500 closing cost plus the cost of the title. PMI over 80% LTV. Interest on a home that is greater than the fair market value of the home is not tax-deductible for federal income tax purposes. Please consult a tax advisor regarding the tax deductibility of interest and charges.
TERM 5/1 ARM²	RATE 5.250%	APR¹ 5.461%	PAYMENT PER $1000 $5.53
TERM Fixed Rate³	RATE 6.000%	APR¹ 6.115%	PAYMENT PER $1000 $6.00

Lot Loans
TERM	RATE	APR¹	PAYMENT PER $1000
¹APR = Annual Percentage Rate. APR calculated on loan amount of $100,000. Rates are subject to change. Rates are not guaranteed until a formal lock is processed. Property insurance is required on all mortgages. No prepayment penalty. Subject to underwriting approval. ²Two-year ARM with a minimum of $25,000. 15-year amortization. $1,500 closing cost. Maximum Loan to Value (LTV) is 90% of the purchase and a maximum of 80% when refinancing. Interest on a home that is greater than the fair market value of the home is not tax-deductible for federal income tax purposes. Please consult a tax advisor regarding the tax deductibility of interest and charges.
TERM 2- year ARM²	RATE 5.000%	APR¹ 5.512%	PAYMENT PER $1000 $5.38

Home Equity Loans
LOAN TO VALUE	APR¹ AS LOW AS	PAYMENT PER $1000 (AS LOW AS)
¹APR = Annual Percentage Rate. LTV = Loan to Value. Rates are subject to change. Subject to underwriting approval. Over 90% LTV requires appraisal. *All tiers are subject to appraisal based on loan amount and underwriting guidelines. Interest on a home that is greater than the fair market value of the home is not tax-deductible for federal income tax purposes. Please consult a tax advisor regarding the tax deductibility of interest and charges.
LOAN TO VALUE 80% OR less	APR¹ AS LOW AS as low as 4.40%	PAYMENT PER $1000 (AS LOW AS) $18.60
LOAN TO VALUE 81%-90%	APR¹ AS LOW AS as low as 6.65%	PAYMENT PER $1000 (AS LOW AS) $19.64
LOAN TO VALUE 91%-100%	APR¹ AS LOW AS as low as 8.15%	PAYMENT PER $1000 (AS LOW AS) $20.36

Home Equity Lines of Credit (HELOCs)
LOAN TO VALUE	APR¹
¹APR = Annual Percentage Rate. Subject to underwriting approval. ²LTV = Loan to Value. No annual fees or service charges, rate based on the prime rate (7.5% as of 12/16/22). The floor rate for new Home Equity Loans with loan to values under 80% is 5.74% APR, 80.01-90% is 7.24% APR, 90.01-100% is 8.24% APR. The maximum APR that may be imposed in a variable-rate plan has a lifetime cap of 17.9%. All tiers are subject to appraisal based on loan amount and underwriting guidelines. Payments are 1.5 percent of the balance or $50 whichever is greater. Rates and terms are subject to change and not guaranteed.* When Your Home is on the Line: What you should know about Home Equity Lines of Credit Interest on a home that is greater than the fair market value of the home is not tax-deductible for federal income tax purposes. Please consult a tax advisor regarding the tax deductibility of interest and charges.
LOAN TO VALUE <80% LTV²	APR¹ 6.99%
LOAN TO VALUE 81%-90% LTV²	APR¹ 8.49%
LOAN TO VALUE 91%-100% LTV²	APR¹ 9.49%

Rates as of 01/01/2023

Visa^® Credit Cards
APR¹	MINIMUM PAYMENT	CARD TYPE
¹APR = Annual Percentage Rate. Rates and terms are subject to change and not guaranteed. ^²Visa^® Signature Card rate is variable based on the prime rate (Prime rate 7.50% as of 1/01/23) + 7, 8, 10 or 14%. Rates are subject to change and are subject to credit approval. *Rate depending on credit worthiness. Rates start at 7.9% then move to 8.9%, 11.9% and 17.9%
APR¹ 7.90%*	MINIMUM PAYMENT $20.00	CARD TYPE Visa^® Platinum Card
APR¹ Starting at 14.50%	MINIMUM PAYMENT $25.00	CARD TYPE Visa^® Signature Card^{2 - 1.5% Cash Back}

Rates as of 01/01/2023

Auto Loans
	Vehicle Year	APR¹ as low as	Payment Per $1000**
¹APR = Annual Percentage Rate. Financing up to 105% of approx. retail value. Rates and payments are based on a 36-month term. Loan rate is based on term, credit score, as well as credit tiers. Qualify for the lowest rate with credit score of 670 or above. Rates are subject to change.*Other secured loans will be based off the Used Vehicle rate tier.
New	Vehicle Year 2022-2024	APR¹ as low as 4.85%	Payment Per $1000** $29.91
Used*	Vehicle Year 2014-2021	APR¹ as low as 5.10%	Payment Per $1000** $30.02
Older	Vehicle Year 2008-2013	APR¹ as low as 9.15%	Payment Per $1000** $31.88

Rates as of 01/01/2023

Personal Loans
APR¹ As Low As	PMT Per $1000	Purpose	Maximum Term
APR¹ = Annual Percentage Rate. Share Savings Secured Rate is 3% above the current Savings Rate. * = Rates and terms may vary based on age of collateral, loan to value, credit score, and final loan amount. Rates and terms are subject to change and not guaranteed.
APR¹ As Low As 3.06%	PMT Per $1000 $18.00	Purpose Share Savings Secured	Maximum Term 5 years
APR¹ As Low As 3% over Share Certificate Rate	PMT Per $1000 -	Purpose Share Certificate Secured	Maximum Term Certificate Term
APR¹ As Low As as low as 6.0%	PMT Per $1000 as low as $8.45	Purpose LendKey In-School Loan	Maximum Term 15 Years
APR¹ As Low As as low as 5.10%	PMT Per $1000 as low as $30.02	Purpose Other Secured Loan	Maximum Term 5 Years
APR¹ As Low As as low as 5.10%*	PMT Per $1000 as low as $30.02*	Purpose Boat (Other Secured Loan)*	Maximum Term 10 Years*
APR¹ As Low As as low as 5.10%	PMT Per $1000 as low as $30.02	Purpose RV (Other Secured Loan)	Maximum Term 7 Years
APR¹ As Low As as low as 8.90%	PMT Per $1000 as low as $20.71	Purpose Personal Loan	Maximum Term 5 Years
APR¹ As Low As 19.90%	PMT Per $1000 $37.10	Purpose Credit Rebuilder Loan ($2,000 max.)	Maximum Term 1-3 Years