IC Federal Credit Union Rates

Credit union rates in Massachusetts are often much more competitive than similarly sized banking institutions. This is because IC Federal Credit Union is a non-profit cooperative – members like you are also our owners. With no outside interests demanding higher profits, ICFCU has the opportunity to offer you outstanding rates on both accounts and loans.

(Note: Rates subject to change without notice.)

Checking Account Rates1
Effective as of 2010-08-27 08:00:27

APY = Annual Percentage Yield

Account Name Rate APY
All Together Now Checking 0.35% 0.35%
NOW Checking 0.25% 0.25%
Club 55 NOW Checking 0.25% 0.25%

$5.00 Minimum Opening Balance
$50.00 Minimum Balance Required to Earn Interest

Direct Checking Rates1
Effective as of 2010-08-27 08:00:27

Account Name Rate APY
IC Direct Checking 0.90% 0.90%

$5.00 Minimum Opening Balance
$50.00 Minimum Balance Required to Earn Interest

Savings Account Rates1
Effective as of 2010-08-27 08:00:27

Account Name Rate APY
Statement Savings 0.40% 0.40%
Passbook Savings 0.40% 0.40%
Status One™ Savings 0.40% 0.40%
Youth Savings 0.40% 0.40%
Christmas Club Savings 0.40% 0.40%
IRA Savings
$50 - $9,999.99		 0.85% 0.85%
IRA Savings
$10,000 - $24,999.99		 1.15% 1.16%
IRA Savings
$25,000 - $49,999.99		 1.15% 1.16%
IRA Savings
$50,000 & over		 1.40% 1.41%

$5.00 Minimum Opening Balance
$50.00 Minimum Balance Required to Earn Interest

Direct Savings Rates1
Effective as of 2010-08-27 08:00:27

Account Name Daily Balance* Rate** APY
IC Direct Savings$50.00 - $4,999.99 1.00% 1.01%
IC Direct Savings$5,000.00 - $24,999.99 1.00% 1.01%
IC Direct Savings$25,000.00 - $49,999.99 1.00% 1.01%
IC Direct Savings$50,000.00 & over 1.00% 1.01%

$5.00 Minimum Opening Balance
$50.00 Minimum Balance Required to Earn Interest


Money Market Rates1,2
Effective as of 2010-08-27 08:00:27

Account Name Daily Balance Rate APY
Money Market Platinum$50.00 - $9,999.99 0.40% 0.40%
Money Market Platinum$10,000.00 - $24,999.99 0.65% 0.65%
Money Market Platinum$25,000.00 - $49,999.99 0.80% 0.80%
Money Market Platinum$50,000.00 and over 1.00% 1.01%

$5.00 Minimum Opening Balance
$50.00 Minimum Balance Required to Earn Interest

Share Certificate Rates1,2
Effective as of 2010-08-27 08:00:27

 Min. Deposit $500
Account NameBase RateAPY
90-Day Term CD 0.50% 0.50%
Six-Month Term CD 0.70% 0.70%
One-Year Term CD 1.00% 1.00%
18-Month Term CD 1.40% 1.41%
Two-Year Term CD 1.64% 1.65%
Three-Year Term CD 2.18% 2.20%
Four-Year Term CD 2.47% 2.50%
Five-Year Term CD 2.71% 2.75%

1 Fees may reduce earnings on applicable accounts
2 A penalty may be assessed for early withdrawal

New Vehicle Auto Loan Rates
Effective as of 2010-08-27 08:00:27

APR = Annual Percentage Rate

Model YearsTermAPRWith Auto PayPayment Per $1,000*
2011 & 2010 24 Months 2.75% 2.75% $42.88
36 Months 2.75% 2.75% $28.98
48 Months 2.75% 2.75% $22.03
60 Months 2.75% 2.75% $17.86
66 Months 3.99% 3.99% $16.90
$15K min 72 Months 3.99% 3.99% $15.65
$30K min 84 Months 6.75% 6.50% $14.85

*Payment per thousand is based on auto-pay rate


Used Vehicle Auto Loan Rates
Effective as of 2010-08-27 08:00:27

Model YearsTermAPRWith Auto PayPayment Per $1,000*
2010 & 2009 60 Months 2.75% 2.75% $17.86
2008 60 Months 2.75% 2.75% $17.86
2007 60 Months 2.75% 2.75% $17.86
2006 60 Months 5.24% 4.99% $18.87
2005 60 Months 6.74% 6.49% $19.57
2004 60 Months 6.74% 6.49% $19.57
2003 60 Months 7.24% 6.99% $19.80
2002 60 Months 7.50% 7.25% $19.92
2001 & Under 60 Months 9.24% 8.99% $20.76

*Payment per thousand is based on auto-pay rate


RVs, Boats, Motorcycle Loan Rates
Effective as of 2010-08-27 08:00:27

Loan TypeTermAPRWith Auto PayPayment Per $1,000*
Motorcycles - New 60 Months 9.24% 8.99% $20.75
Motorcycles - Used 48 Months 9.99% 9.74% $25.24
RVs - New
(2009-2011)		 144 Months
(Contact us
for other terms) 		9.24% 8.99% $11.37
RVs - Used
(2004-2010)		 144 Months
(Contact us
for other terms) 		9.24% 8.99% $11.37
Boats - New 144 Months 10.24% 9.99% $11.95
Boats - Used 120 Months 11.24% 10.99% $13.77

*Payment per thousand is based on auto-pay rate


Other Consumer Loan Rates
Effective as of 2010-08-27 08:00:27

Loan TypeTermAPRWith Auto PayPayment Per $1,000*
Single Pay 90 Days 14.50% N/A N/A
Home Improvement
$500 - $10,000		 up to 144 Months 13.25% 13.00% $13.75
Personal Loans up to 48 months 14.50% as low as 14.25% $27.46
Smart Choice Loan 90 Days 14.50% N/A N/A
Smart Choice Line of Credit (Overdraft)   14.50% N/A N/A
Collateral Loan
3% above savings rate		       N/A

*Payment per thousand is based on auto-pay rate

Home Equity Rates
Effective as of 2010-08-27 08:00:27

APR = Annual Percentage Rate

Lines of Credit
80% Loan to Value & Under		 Term APR
$10,000 and Up 2.99% APR 6 Month Promo then Prime minus 1.00% APR For Life** see term
80% Loan to Value & Over Term APR
$10,000 and Up 2.99% APR 6 Month Promo then Prime Plus 1.75% APR For Life** see term

Prime Rate
Effective as of 2008-12-17 09:37:39

Prime Rate
3.250%

Fixed Equity Rates*
Effective as of 2010-08-27 08:00:27

Term APR
1-5 Years 3.990%
6-10 Years 5.500%
11-15 Years 5.990%
16-20 Years 6.500%

All equity products have no points, no application fee and no pre-payment fee. However, a waiver of fees must be signed at the time of application. Refer to product description for value determination and appraisal requirements.

* Rates will be higher for LTV's over 80%

** Rate adjusted according the the prime rate published in the wall street journal last business day of the month. Minimum rate 5.00% maximum rate 18.00%

Fixed Rate Mortgages
Effective as of 2010-09-02 09:40:29

APR = Annual Percentage Rate

40 Year Mortgage

Points Interest Rate APRPayment Per $1,000
04.750%4.780%$4.66
14.500%4.600%$4.50
24.250%4.419%$4.34

30 Year Mortgage

Points Interest Rate APR Payment Per $1,000
04.250%4.285%$4.92
14.000%4.119%$4.77
23.875%4.078%$4.70

20 Year Mortgage

Points Interest Rate APRPayment Per $1,000
04.125%4.174%$6.13
13.875%4.039%$5.99
23.750%4.030%$5.93

15 Year Mortgage

Points Interest Rate APRPayment Per $1,000
03.750%3.812%$7.27
13.500%3.709%$7.15
23.375%3.732%$7.09

10 Year Mortgage

Points Interest Rate APRPayment Per $1,000
03.625%3.714%$9.95
13.500%3.803%$9.89
23.375%3.893%$9.83

Interest First Mortgages
Effective as of 2010-09-02 09:40:29

15/15 Fixed

Points Interest Rate APRPayment Per $1,000
05.750%5.789%$5.84
15.500%5.630%$5.68
25.250%5.470%$5.52

10/20 Fixed

Points Interest Rate APRPayment Per $1,000
05.750%5.789%$5.84
15.500%5.630%$5.68
25.250%5.470%$5.52

Interest Only Mortgages
Effective as of 2010-09-02 09:40:29

3/1 ARM (3 Year Int. only)

Points Interest Rate APRPayment Per $1,000
0N/A%N/A%N/A
1N/A%N/A%N/A
2N/A%N/A%N/A

3/1 ARM (10 Year Int. only)

Points Interest Rate APRPayment Per $1,000
03.125%3.166%$2.60
12.875%3.202%$2.40
22.625%3.238%$2.19

5/1 ARM (5 Year Int. only)

Points Interest Rate APRPayment Per $1,000
0N/A%N/A%N/A
1N/A%N/A%N/A
2N/A%N/A%N/A

5/1 ARM (10 Year Int. only)

Points Interest Rate APRPayment Per $1,000
03.750%3.342%$3.13
13.500%3.352%$2.92
23.250%3.362%$2.71

No Points/No Closing Costs
For Refinances And Purchases
- Single Family Only
Effective as of 2010-09-02 09:30:23

($100,000.00 minimum loan requirement)

30 Years

Interest Rate APRPayment Per $1,000
N/AN/AN/A

20 Years

Interest Rate APRPayment Per $1,000
N/AN/AN/A

15 Years

Interest Rate APRPayment Per $1,000
N/AN/AN/A

10 Years

Interest Rate APRPayment Per $1,000
N/AN/AN/A

Adjustable Rate Mortgage
Effective as of 2010-09-02 09:29:42

Margin: 2.875%

5% Adjustment/ 5% Lifetime Cap

Fixed Period*Interest Rate**APRIndexPayment Per $1,000
7 Years4.000%3.501%.26$4.77
5 Years3.625%3.307%.26$4.56

2% Adjustment/ 6% Lifetime Cap

Fixed Period*Interest Rate**APRIndexPayment Per $1,000
3 Years3.000%3.144%.26$4.22
1 Year2.625%3.137%.26$4.02

* After the initial fixed period expires, rates are adjusted on a 1 year period.
** Rate listed is for No Point ARMs

Construction Loans
Effective as of 2010-09-02 09:40:29

(6 month construction period interest only)

30 Years

PointsInterest Rate APRPayment Per $1,000
04.500%4.614%$5.07
14.250%4.448%$4.92
24.000%4.282%$4.77

15 Years

PointsInterest Rate APRPayment Per $1,000
04.000%4.197%$7.40
13.750%4.096%$7.27
23.500%3.995%$7.15

Fixed Rate Investment Properties*
Effective as of 2010-09-02 09:30:23

30 Years

Interest Rate APRPayment Per $1,000
4.375%4.562%$4.99

15 Years

Interest Rate APRPayment Per $1,000
3.875%4.199%$7.33

1-2 family purchase 20% down payment required
3-4 family purchase 25% down payment required

A $150 Mortgage Application fee may apply. Other fees may be applicable.

*Additional fees and price adjustments charged by investor may increase the annual percentage rate (APR)

Prime Rate
Effective as of 2008-12-17 09:37:39

Prime Rate

3.250%