Rates

Effective: 2/1/2019

Auto and Recreational Loans 
 Fixed APR
New Auto2.50% - 14.75%
Used Auto2.99% - 18.00%
New Boat, Motor, Trailer6.25% - 17.50%
Used Boat, Motor, Trailer6.25% - 18.00%
New or Used Motor Home6.25% - 18.00%
New Camper or Motorcycle6.25% - 17.50%
Used Camper or Motorcycle6.25% - 18.00%
Rates effective as of February 1, 2019 and are the Credit Union's best rates. Rates may vary depending on each borrower's credit history and underwriting factors. Must purchase new or used auto, or refinance a new or used auto from a financial institution other than Founders Federal Credit Union. Rates, terms and conditions subject to change without notice.
Personal Loans
 Fixed APR
Personal Line of Credit8.90% - 18.00%
Personal Loan8.90% - 18.00%
Educational Loan2.50% - 12.25%
Rates, terms and conditions are subject to change without notice.
Credit Cards
 APR on Purchases
and Cash Advances1

APR on Balance Transfers2

Platinum Visa Credit Card11.85% - 17.90%3.60% - 11.65%
Preferred No Frills Visa Credit Card 9.85% - 17.90%3.60% - 11.65%
Visa Signature Credit Card12.85% - 17.90%3.60% - 11.65%
1 Qualifications for any of Founders Credit Card Accounts are based on the credit union's criteria, including applicant's income and credit history. If you are approved for a Founders Credit Card, your monthly statement will indicate the APR assigned to your account. APR ranges will vary with the market based on the prime rate. Rates, terms and conditions determined by an evaluation of credit history and underwriting factors and are subject to change.
2 Rate reduction only applies to balances transferred from January 1, 2019 to March 31, 2019. Special “introductory” rates will apply and remain in effect as to these specific balance transfers for 12 months from the date of the transaction. After 12 months from the date of the transaction, the special “introductory” rate will revert to the regular rate of interest in force on your account. This promotion and special rate does not apply to purchases or cash advances, or any transaction involving any payment to an existing loan at Founders. If, during the life of this promotional balance, the Founders Visa account becomes sixty (60) days delinquent, the promotional balance will revert to the normal rate of interest. Except as specifically provided, all terms and conditions of your existing agreements with the credit union remain in full force and effect. Rates, terms and conditions determined by an evaluation of credit history and underwriting factors are subject to change.
 

 

Home Equity Loan
 Fixed APRVariable APROrigination Fee
Home Equity Line of Creditn/a5.50% - 11.50%0.00%
Home Equity rates based on the prime rate which is the highest prime rate published in the Money Rates Table of the Wall Street Journal. 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 6.00%. 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 primary home, which must be a one-to four- family residential real estate. This type of credit is not available for single-wide mobile homes or cooperatives. The minimum line of credit amount is $10,000.00 (estimate). All closing costs are the sole responsibility of the borrower and may vary up to $1,000.00. Flood and/or property hazard insurance may be required. Other restrictions may apply. All Credit Union loan programs, rates, terms and conditions are subject to change at any time without notice.
Mortgage Loans
 LTVOrigination FeeRateAPRPayment*Payment at Max Interest Rate
15 Year Fixed RateUp to 90%1%4.25%4.43%

$451.38

 
20 Year Fixed RateUp to 90%1%4.50%4.64%$379.62 
7/1 Adjustable Rate

Up to 90%

1%

3.75%

3.85%$277.96

In 10th year
$444.62

15/15 Adjustable Rate

Up to 90%

1%

4.50%

4.61%

$304.12

In 16th year
$439.28

5/5 Adjustable Rate

Up to 90%

1%

3.75%

3.85%

$277.96

In 16th year
$404.77

Double Wide Mobile HomeUp to 90%1%5.75%5.90%

$421.39

In 4th year
$611.02
7/1 Adjustable First Time HomebuyerUp to 100%0%4.25%4.27%$295.27In 10th year
$467.93
*Payment Examples based on a $60,000.00 loan.

Rates are current as of February 1, 2019 and are the Credit Union's best rates. Other rates and terms vary depending on the type of loan, loan to value ratio, credit evaluation and underwriting requirements. For variable rate mortgage products, APR is subject to increase or decrease. Flood, property insurance, and taxes, if applicable, are not calculated in the payment example. Actual payment obligation will be greater if an escrow account is required. All Credit Union loan programs, rates, terms and conditions are subject to credit approval and may change at any time without notice.

All rates will vary depending on individual creditworthiness and the Credit Union's underwriting standards.

Effective: 2/1/2019

Fixed Rate Share Certificates
 Dividend RateAnnual Percentage Yield
6 Month Certificate
$500 Minimum
1.00%1.00%
12 Month Certificate
$500 Minimum
1.75%1.76%
24 Month Certificate
$500 Minimum
2.25%2.27%
36 Month Certificate
$500 Minimum
2.75%2.78%
48 Month Certificate
$500 Minimum
3.00%3.03%
60 Month Certificate
$500 Minimum
3.25%3.29%
Youth Certificate
12 Months
$500 Minimum
1.75%1.76%
Loyalty Advantage Certificate
12 Months
$500 Minimum
3.00%3.03%
Rates, terms and conditions are subject to change without notice.
Terms & Conditions
Fixed Rate IRAs
 Dividend RateAnnual Percentage Yield
12 Month Fixed Rate IRA
$500 Minimum
1.85%1.86%
24 Month Fixed Rate IRA
$500 Minimum
2.35%2.37%
36 Month Fixed Rate IRA
$500 Minimum
2.85%2.88%
48 Month Fixed Rate IRA
$500 Minimum
3.10%3.14%
60 Month Fixed Rate IRA
$500 Minimum
3.35%3.39%
Rates, terms and conditions are subject to change without notice.
Terms & Conditions
Variable Rate IRAs
 Dividend RateAnnual Percentage Yield
Variable IRA
$500 Minimum
0.80%0.80%
Rates, terms and conditions are subject to change without notice.
Terms & Conditions

Effective: 2/1/2019

Current Checking Rates
 Dividend RateAnnual Percentage Yield
Checking Account
$0 Minimum
0.05%0.05%
Rates, terms and conditions are subject to change without notice.

Terms & Conditions
Current Savings Rates
 Dividend RateAnnual Percentage Yield
Share/Savings
$5 Minimum
0.25%0.25%
Christmas Club
$0 Minimum
0.25%0.25%
Money Market Plus $1,000 - $24,999
$1,000 Minimum
0.60%0.60%
Money Market Plus $25,000 - $49,999
$25,000 Minimum
0.70%0.70%
Money Market Plus $50,000 +
$50,000 Minimum
0.80%0.80%
Rates, terms and conditions are subject to change without notice.

Terms & Conditions