Rates

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Deposit Rates

Share Accounts

Effective 4/20/2015

Account TypeRateAPY*Min. Balance
Fat Cat0.750.75$25
Holiday Cash Club0.750.75$25
Money Market0.350.35$250
Share0.250.25$25
Zard0.750.75$25

*APY: Annual Percentage Yield

Checking Accounts

Effective 9/18/2013

Account TypeRateAPY*Min. Balance
Checking0.150.15None

*APY: Annual Percentage Yield

Share Term Certificates

Effective 4/20/2015

Account TypeRateAPY*TermMin. Balance
Share Term Certificate 60.500.506 months$250
Share Term Certificate 120.750.7512 months$250
Share Term Certificate 181.001.0018 months$250
Share Term Certificate 241.001.0024 months$250
Share Term Certificate 301.001.0030 months$250
Share Term Certificate 361.251.2536 months$250
Share Term Certificate 481.501.5048 months$250
Share Term Certificate 601.751.7560 months$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 (IRA)

Effective 9/18/2013

Account TypeRateAPY*
Roth IRA1.001.01
SEP IRA1.001.01
Traditional IRA1.001.01

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.

Coverdell Education Savings Account

Effective 9/18/2013

Account TypeRateAPY*
Coverdell Education Savings Account1.001.01

*APY: Annual Percentage Yield

Health Savings Account

Effective 9/18/2013

Account TypeRateAPY*
Health Savings Account1.501.51

*APY: Annual Percentage Yield
 

Loan Rates

Credit Cards

Effective 2/1/2014

Account TypeAPR*
Visa® Credit Card9.75

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

Home Equity Line of Credit (HELOC)

Effective 2/1/2014

Account TypePayroll APR*Direct Pay APR*
HELOC LGFCU First**4.755.25
HELOC other lender5.506.00

*APR: Annual Percentage Rate

**First mortgage with LGFCU or no first mortgage.

Payroll deduction and funds transfer payments provide substantial savings in processing costs for the Credit Union. 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.

 

Personal Loans

Effective 2/1/2014

Account TypePayroll APR*Direct Pay APR*
Personal/Unsecured10.7511.25

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 (SALO)

Effective 2/1/2014

Account TypePayroll APR*Term
SALO Cash Account less than $50012.00Open-end
SALO Cash Account ≥ $5005.50Open-end

*APR: Annual Percentage Rate. Rate subject to change. The APR cannot increase by more than 1% each quarter over the previous quarter and cannot exceed 18%. The APR is calculated by adding the index rate to the loan margin. When the Salary Advance Cash Account balance is at least $500, the loan margin is 5.25%. When the Salary Advance Cash Account balance is less than $500, the loan margin is 11.75%. The index rate is the 26 week Treasury Bill Rate set at the first auction held on or after the 15th day of the second month of the previous quarter adjusted up to the nearest ¼%. The index rate cannot be less than 0.25%.

Secured Loans

Effective 2/1/2014

Account TypePayroll APR*Direct Pay APR*Term
Share Secured 245.005.00Up to 24 Months
Share Secured 485.505.5025 to 48 Months
Share Secured 1208.759.2549 to 120 Months

*APR: Annual Percentage Rate

Term Notes

Effective 2/1/2014

Account TypeDirect Pay APR*Term
Term Note6.506 Months

*APR: Annual Percentage Rate

Vehicle Loans

Effective 2/1/2014

Account TypePayroll APR*Direct Pay APR*Term
New Vehicle 361.752.25Up to 36 Months
New Vehicle 602.753.2537 to 60 Months
New Vehicle 723.754.2561 to 72 Months
Used Vehicle4.755.25Up to 72 Months

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. New vehicles are defined as upcoming, current or prior year model with 10,000 miles or less.

*APR: Annual Percentage Rate