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Home Equity Line of Credit: The prime rate is the highest prime rate published in the “Money Rates Table” of the Wall Street Journal on the last business day of each quarter. Prime is a variable rate; as it changes, the APR on your account will also change. The APR will be based on the prime rate plus a margin of up to 4.00%. The maximum APR that can apply is 18.00%. Credit is subject to approval and your APR may vary based on evaluation of credit. A home equity line of credit is secured by a first or second mortgage lien on your home, which must be a one-to-four family residential real estate. This type of credit is not available for cooperatives. The minimum line of credit amount is $5,000. Founders pays up to $250 in closing costs. All closing costs above $250 are the sole responsibility of the borrower and may vary up to $250 - $900 (estimate). Flood and/or property hazard insurance may be required. Other restrictions may apply. The present APR of 5.00% is current as of July 1, 2008. All Credit Union loan programs, rates, terms and conditions are subject to change at any time without notice.
Money Market Plus: This is not considered a transaction account. Federal regulations limit automatic transfers to six each month. No more than three of these transfers can be checks or drafts. There is no limit to the number of over-the-counter transactions you can make on this account.
Share Certificate/IRA: Rates, terms and conditions are subject to change without notice. After your certificate is opened, the dividend rate is fixed for the term. A penalty may be imposed for early withdrawal. Fees could reduce earnings.
Variable Rate IRA: Dividend rates may change after the account is opened. Fees could reduce earnings. A penalty may be imposed for early withdrawal.
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