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Fuel Loan---- Available for a Limited Time Only
Katahdin Federal Credit Union would like to assist our members with the uncertainty of fuel expenses by enabling them to lock in at a prepaid price. Members can borrow up to $2500.00 for up to 12 months at a low rate of 5.99%. For more info, please contact the Financial Services Department of KFCU
Term Annual Percentage Rate (fixed) Payment Per $1000 financed (term used to calculate) 12 months 5.99% $86.10 (12 months)
Variable Rate New Vehicles(2005 and Newer - w/ warranty)
Term Annual Percentage Rate (Variable) Index Used* Margin Used Floor Payment Per $1000 financed (term used to calculate) Up to 24 months 5.50% CMT(plus) 3.50% 4.75% floor 44.12(24 months) 25-36 months 5.50% CMT(plus) 3.50% 4.75% floor 30.22(36 months) 37-48 months 5.50% CMT(plus) 3.50% 4.75% floor 23.26(48 months) 49-60 months 5.50% CMT(plus) 3.50% 4.75% floor 19.12 (60 months) 61-72 months 6.00% CMT(plus) 4.00% 4.75% floor 16.60(72 months) 73-84 months(over $25,000) 6.50% CMT(plus) 4.50% 5.75% floor 14.86(84 months)
*Constant Maturity Treasury-the prior calendar quarter's average of the one-year constant maturity treasury as published in the Wall Street Journal. Rates may change the first of each quarter based on changes in the index. The payment will remain the same over the life of the loan.
Variable Rate Used Vehicles(2004 and older)
Term Annual Percentage Rate (Variable) Index Used* Margin Used* Floor Payment Per $1000 financed (term used to calculate) Up to 24 months 6.00% CMT(plus) 4.00% 4.75% floor 43.34(24 months) 25-36 months 6.00% CMT(plus) 4.00% 4.75% floor 30.44(36 months) 37-48 months 6.25% CMT(plus) 4.25% 4.75% floor 23.62(48 months)
*Constant Maturity Treasury-the prior calendar quarter's average of the one-year constant maturity treasury as published in the Wall Street Journal. Rates may change the first of each quarter based on changes in the index. The payment will remain the same over the life of the loan. To receive the above rates, used vehicles must be listed in the NADA used car guide.
Fixed Rate New Vehicles(2005 and Newer - with warranty)
Term Annual Percentage Rate (Fixed) Payment per $1000 financed (term used to calculate) Up to 24 months 5.50% 44.12(24 months) 25-36 months 5.75% 30.32(36 months) 37-48 months 6.50% 23.72(48 months) 49-60 months 6.75% 19.70(60 months) 61-72 months 7.25% 17.18(72 months)
Fixed Rate Used Vehicles(2004 and older) Used vehicles must be listed in the NADA used car guide.
Term Annual Percentage Rate (Fixed) Payment Per $1000 financed (term used to calculate) Up to 24 months 6.75% 44.68(24 months) 25-36 months 7.00% 30.90(36 months) 37-48 months 7.75% 24.32 (48 months)
Computer Loans
You can borrow up to $2000.00 for up to 24 months at the low rate of 6.99% apr. Additional terms are available. Term Annual Percentage Rate (Fixed) Payment Per $1000.00 financed 12 months 6.99% $86.56 24 months 6.99% $44.78
Signature Fixed Rate*Actual rate based on member's credit score
Term Score Annual Percentage Rate (fixed) Payment Per $1000.00 financed (term used to calculate) Up to 60 months A+ (Score 720+) 10.50% 88.18 (12 months) A (Score 690-719) 11.50% 88.64 (12 months) B (Score 640-689) 13.00% 89.34 (12 months) C (Score 610-639) 15.00% 90.28 (12 months) D (Score <610) 17.00% 91.24 (12 months)
Streamline
Streamline is a open-end line of credit.*Actual rates are based on member's credit score
Term Annual Percentage Rate Payment schedule based on advanced balance Rates range from 10.50% to 17.00%* 0-$1000= $30.00 $1001-$2000= $60.00 $2001-$3000= $90.00 $3001-$4000=$120.00 $4001-$5000=$150.00 $5001-$6000=$180.00 $6001-$7000=$210.00 $7001-$8000=$240.00 $8001-$9000=$270.00 $9001-$10,000=$300.00
Furnace Loans
Term Annual Percentage Rate Payment per $1000.00 financed (term used to calculate) 12 months 8.00% $87.02 (12 months) 24 months 8.50% $45.48 (24 months) 36 months 9.00% $31.82 (36 months) 48 months 9.50% $25.14 (48 months)
Camps (Leased Land Loans) Fixed Rate*Annual Percentage Rate based on assumption of $50,000 financed for 144 months including $270.00 application/flood certification
Term Rate (Annual Percentage Rate) Payment per $1000 financed (term used to calculate) Maximum 144 months 8.75% (8.862%*) 11.26 (144 months)
Share Secured
| Term | Annual Percentage Rate (Fixed) | Annual Percentage Rate (Variable) | Index Used* | Margin used | Payment per $1000 financed (term used to calculate) |
| N/A | 2.75% | Share Rate Plus | 2.00% | 84.62(12 months) |
Certificate Secured
| Term | Annual Percentage Rate (Fixed) | Annual Percentage Rate (Variable) | Index Used* | Margin used |
| Fixed @2% over certificate | Certificate Rate(plus) | 2.00% |
Home Equity Lines of Credit
| Term | Annual Percentage Rate (Fixed) | Annual Percentage Rate (Variable) | Index Used* | Margin used | Payment amount based on $10,000 advance | |
| N/A | 5.00% (floor of 5.00%) | CMT (plus) | 3.00% | The payment would be $150.00 on a single advance of $10,000. |
Minimum payment requirement: You can obtain advances of credit for three years (the draw period). During the draw period, your payment will be due monthly. Your minimum payment will equal 1.5% of the outstanding balance as of the date of your last advance or $50.00 whichever is greater. After the draw period ends, and if the Agreement is not renewed, you will no longer be able to obtain credit advances and must continue to make at least the minimum payments described above for as long as it takes to pay off your account (the "repayment period").Minimum payment example: If you took a single $10,000 advance and the Annual Percentage rate was 5.00%, it would take six years and five months to pay off the advance if you made only the minimum payments. During that time, you would make 78 payments of $150.00 and 1 payment of $43.09. Other closing costs may apply
Home Equity Loans
| Term | Annual Percentage Rate (fixed) | Payment per $1000 financed (term used to calculate) |
| Maximum term up to 10 years | 7.75% | 12.02 (10 years) |
Mobile Home and Land
| Term | Annual Percentage Rate | Payment Per $1000.00 (term used to calculate) |
| 2002-New (Maximum Term 180 months) | 9.00% | $10.16 (180 months) |
| 1996-2001 (Maximum Term 180 months) | 9.50% | $10.46 (180 months) |
| 1992-1996 (Maximum Term 120 months) | 10.00% | $13.22 (120 months) |
Mobile Home without Land
| Term | Annual Percentage Rate | Payment per $1000.00 (term used to calculate) |
| New-2002-NEW (Maximum Term 180 months) | 11.50% | $11.70 (180 months) |
| Used-1997-2001(Maximum Term 120 months) | 12.50% | $14.64 (120 months) |
Land Only
| Term | Annual Percentage Rate (Fixed) | Payment per $1000 financed (term used to calculate) |
| Max Term 144 months | 8.25% | $10.98 (144 months) |
Real Estate Loan
| Term | Fixed Rate (Annual Percentage Rate) |
| 10 years | 6.50% (6.613%) |
| 15 years | 6.75% (6.832%) |
Annual percentage rate of 6.613% disclosed assumes an amount financed of $50,000 and $270.00 application fee/flood certification with payments for 120 months--$11.36 per $1000 borrowed. Annual percentage rate of 6.832% disclosed assumes an amount financed of $50,000 and $270.00 application fee/ flood certification with payments for 180 months--$8.86 per $1000 borrowed. Other closing costs may apply.
*Constant Maturity Treasury-the prior calendar quarter's average of the one-year constant maturity treasury as published in the Wall Street Journal
*Wall Street Prime-as published in the Wall
Street Journal
*Share Secured-prior quarter's ending rate paid on shares
*All rates listed as Annual Percentage Rate. Subject to credit approval. Rates are subject to change without notice. Offer applies to new purchases or transfers from other financial institutions. Restrictions may apply. Used vehicles must be listed in the NADA used car guide.
Loan rates are as of June 27, 2008, subject to change daily. Katahdin Federal Credit Union is an Equal Housing Lender and an Equal Credit Opportunity lender.
| Dividend Rate | Annual Percentage Yield (APY) | Dividends Compound | Dividends Credited | Dividend Period | Minimum Opening Balance | Minimum Required Balance | Balance Method |
| .25% | .25% | Monthly | Monthly | Monthly | $25.00-$2000.00 | $25.00-$2000.00 | Avg. Daily Balance |
| .40% | .40% | Monthly | Monthly | Monthly | $2000.01-$5000.00 | $2000.01-$5000.00 | Avg. Daily Balance |
| .50% | .50% | Monthly | Monthly | Monthly | $5000.01-$30,000.00 | $5000.01-$30,000.00 | Avg. Daily Balance |
| .75% | .75% | Monthly | Monthly | Monthly | $30,000.01 and over | $30,000.01 and ver | Avg. Daily Balance |
| Account limitations - Minimum balance required to obtain the Annual Percentage Yield for the Dividend Period. Account transfer limitations apply.Fees may reduce earnings on the account. | |||||||
Club Accounts
| Dividend Rate | Annual Percentage Yield (APY) | Dividends Compound | Dividends Credited | Dividend Period | Minimum Opening Balance | Minimum Required Balance | Balance Method |
| .25% | .25% | Monthly | Monthly | Monthly | $00.01-$2000.00 | $00.01-$2000.00 | Avg. Daily Balance |
| .40% | .40% | Monthly | Monthly | Monthly | $2000.01-$5000.00 | $2000.01-$5000.00 | Avg. Daily Balance |
| .50% | .50% | Monthly | Monthly | Monthly | $5000.01-$30,000.00 | $5000.01-$30,000.00 | Avg. Daily Balance |
| .75% | .75% | Monthly | Monthly | Monthly | $30,000.01 and over | $30,000.01 and over | Avg. Daily Balance |
| Account limitations - Minimum balance required to obtain the Annual Percentage Yield for the Dividend Period. Account transfer limitations apply. Fees may reduce earnings on the account. | |||||||
Share Draft Accounts
| Dividend Rate | Annual Percentage Yield (APY) | Dividends Compound | Dividends Credited | Dividend Period | Minimum Opening Balance | Minimum Required Balance | Balance Method |
| .00% | .00% | Monthly | Monthly | Monthly | Avg.Daily Balance | ||
| Account limitations - Minimum balance required to obtain the Annual Percentage Yield for the Dividend Period. Account transfer limitations apply. Fees may reduce earnings on the account. | |||||||
IRA Share Accounts
| Dividend Rate | Annual Percentage Yield (APY) | Dividends Compound | Dividends Credited | Dividend Period | Minimum Opening Balance | Minimum Required Balance | Balance Method |
| 1.50% | 1.51% | Monthly | Monthly | Monthly | $25.00 | 25.00 | Avg. Daily Balance |
| Account limitations - Minimum balance required to obtain the Annual Percentage Yield for the Dividend Period. Account transfer limitations apply. Fees may reduce earnings on the account. | |||||||
Share, Club, IRA, Share Draft, and Certificate rates are as of June 23, 2008. APY = Annual Percentage Yield. Funds must remain on deposit until maturity to earn the stated APY. Fees may reduce earnings on the account. For fees that apply to the above products, please refer to the Fee Schedule. Pricing subject to change without notice.
Rates are Subject to change. Except as specifically described, the following disclosures apply to share (saving), club (Christmas, Vacation, Special), Share Draft (checking), and IRA share accounts.
- Rate Information. The Dividend Rate and Annual Percentage Yield on your accounts as of the last Dividend Declaration Date. The Annual Percentage Yield is a percentage rate that reflects the total amount of dividends to be paid on an account based on the dividend rate and frequency of Compounding for a 365-day period. The Dividend Rate and Annual Percentage Yield may change monthly as determined by the Credit Union's Board of Directors.
- Nature of Dividends. Dividends are paid from current income and available earnings after providing for the required reserves.
- Compounding and Crediting. The Dividend Period begins on the first calendar day of each month and ends on the last calendar day of each month.
- Accrual of Dividends. Dividends will begin to accrue on cash deposits on the business day you make the deposit to your account. Dividends will begin to accrue on non-cash deposits (e.g. checks) on the business day you make the deposit to your account.
- Balance Information. Dividends and minimum balances are calculated by the Average Daily Balance method which adds the full amount of principal in the account each day in the period and divides that figure by the number of days in the period and applies a periodic rate to the result.
- Account Limitations. The account limitations for each account are set forth above. For a Share Savings account in which transfer limitations apply, no more than six (6) pre- authorized, automatic, or telephone transfers may be made from these accounts to another account of yours or to a third party in any month, and no more than three (3) of these six (6) transfers may be made by check, draft, or debit card to a third party. If you exceed these limitations, your account may be subject to a fee or be closed.
Financial Calculators
Online Application
Fee Schedule
Certificate Accounts
And Truth-In-Savings Account Disclosure
The rates applicable to your account at Katahdin Federal Credit Union are provided below.
The Katahdin Federal Credit Union may offer other rates for these accounts from time to time.
Share Certificates |
IRA Certificates |
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Minimum Opening Deposit |
$500.00 |
$500.00 |
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Dividends Compounded |
Monthly |
Monthly |
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Dividends Credited |
Monthly | Monthly |
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Dividend Period |
Monthly |
Monthly |
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Terms |
Dividend Rate |
Annual Percentage Yield |
Dividend Rate |
Annual Percentage Yield |
3 month |
2.76% |
2.80% |
N/A |
N/A |
6 month |
2.81% |
2.85% |
N/A |
N/A |
9 month |
3.06% |
3.10% |
N/A |
N/A
|
12 month |
3.15% |
3.20% |
3.15% |
3.20%
|
18 month |
3.20% |
3.25% |
3.20% |
3.25% |
24 month |
3.40% |
3.45% |
3.40% |
3.45% | 36 month |
3.31% |
3.36% |
3.31% |
3.36% |
48 month |
3.69% |
3.75% |
3.69% |
3.75% |
60 month |
3.93% | 4.00% |
3.93% |
4.00% |
Transaction Limitations |
||||
Additional Deposits |
Not allowed | Not Allowed |
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Dividend Withdrawal |
Allowed |
Allowed |
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Renewable |
Automatic |
Automatic |
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Truth-In-Savings Account Disclosure
Except as specifically described, the following disclosures apply to all of the above accounts.
- Rate Information. The Annual Percentage Yield as the last Dividend Declaration Date is a percentage rate that reflects the total amount of dividends to be paid on an account based on the dividend rate and frequency of compounding for the term of the account. For all Certificate accounts, the Dividend Rate and the Annual Percentage Yield are fixed and will be in effect for the term of the account. The Annual Percentage Yield is based on an assumption the dividends will remain on deposit until maturity. A withdrawal will reduce earnings.
- Nature of Dividends. Dividends are paid from current income and available earnings after providing for the required reserves. The Dividend Rates and Annual Percentage Yields are the prospective rates and yields that the Credit Union anticipates paying for the applicable dividend period.
- Compounding and Crediting. The Dividend Period begins on the first calendar day of each month and ends on the last calendar day of the month.
- Balance Information. Dividends are calculated by the average daily balance method which adds the full amount of the principal in the account each day in the period and divides that figure by the number of days in the period and applies a periodic rate to the result.
- Accrual of Dividends. Dividends will begin to accrue on cash deposits on the business day you make the deposit to your account. Dividends will begin to accrue on non-cash deposits (e.g. checks) on the business day you make the deposit to your account.
- Maturity. Your account will mature within the term set forth above or the maturity date set forth on your Certificate or Maturity Notice. The Credit Union will give the owner (s) at least 30 days' notice prior to maturity.
Early Withdrawal Penalty. We may impose a substantial penalty if you withdraw any of the principal before the maturity date, or the renewal date, if this is a renewal account.
Amount of Penalty. For Certificate accounts with terms up to 36 months, the amount of the early withdrawal penalty on your account is 90 days dividends. For certificates with terms of 37-48 months, the amount of the early withdrawal penalty on your account is 180 days dividends. For certificates with terms of 49-60 months, the amount of early withdrawal penalty on your account is 270 days dividends.
How the Penalty Works. The penalty is calculated as a forfeiture of part of the dividends that have been or would have been earned on the account. It applies whether or not the dividiend has been earned. In other words, if the account has not yet earned enough dividends, or if the dividend has already been paid, the penalty will be deducted from principal.
Exceptions to Early Withdrawal Penalties. At our option, we may pay the account before maturity without imposing an early withdrawal penalty under the following circumstances:
- When an account owner dies or is determined legally incompetent by a court or other body of competent jurisdiction.
- Where the account is an Individual Retirement Account (IRA) and any portion is paid within seven (7) days after establishment; or where the account is a Keogh Plan (Keogh) provided that the depositor forfeits an amount at least equal to the simple dividends earned in the amount withdrawn, or whether the account is an IRA or Keogh and the owner attains age 59 ½ or becomes disabled and has elected periodic payments
Nontransferable/Nonnegotiable. Your account is nontransferable and nonnegotiable. The funds in your account may not be pledged to secure an obligation of the owner, except obligations with the Credit Union. The rates and yields appearing in this rate schedule are accurate and effective for accounts as of the date of the last update. If you have any questions or require current rate information on your accounts, please call KFCU at 207-723-9718 or 800-451-9145
Visa & Account Disclosures
Classic Card
Annual Percentage Rate For Purchases and Cash Advances |
Annual Membership Fee |
Grace Period For Purchases |
Method Of Computing The Balance For Purchases |
Late Payment Fee |
Over the Limit Fee |
13.90% |
None |
25 Days* |
Average Daily Balance Including New Purchases* |
$10.00 |
$10.00 |
Rates are subject to change.
A finance charge will be assessed on cash advances and transferred balances from the date of the cash advance, or the first day of the billing cycle in which the cash advance is posted, whichever is later, and will continue to accrue until payment in full is made.
The VISA account information listed above is accurate as of April 2, 2007. Because terms and rates are subject to change, you may contact us for the current information.
*A Finance Charge will be imposed on Credit Purchases only if you elect not to pay the entire New Balance shown on your monthly statement for the previous billing cycle within 25 days from the closing date of that statement. If you elect not to pay the entire New Balance shown on your previous monthly statement within that 25-day period, a Finance Charge will be imposed on the unpaid average daily balance of such Credit Purchases from the previous statement closing date and on new Credit Purchases from the date of posting to your account during the current billing cycle, and will continue to accrue until the closing date of the billing cycle preceding the date on which the entire New Balance is paid in full or until the date of payment if more than 25 days from the closing date. The Finance Charge for a billing cycle is computed by applying the monthly Periodic Rate to the average daily balance of Credit Purchases, which is determined by dividing the sum of the daily balances during the billing cycle by t
he number of days in the cycle.
Each daily balance of Credit Purchases is determined by adding to the outstanding unpaid balance of Credit Purchases at the beginning of the billing cycle any new Credit Purchases posted to your account, and subtracting any payments as received and credits as posted to your account, but excluding any unpaid Finance Charges.
Gold Card
Regular Annual Percentage Rate For Purchases and Cash Advances |
Annual Membership Fee |
Grace Period For Purchases |
Method Of Computing The Balance For Purchases |
Late Payment Fee |
Over the Limit Fee |
12.90% |
None |
25 Days* |
Average Daily Balance Including New Purchases* |
$10.00 |
$10.00 |
Rates are subject to change
The VISA account information listed above is accurate as of October 1, 2007. Because terms and rates are subject to change, you may contact us for the current information.
*A Finance Charge will be imposed on Credit Purchases only if you elect not to pay the entire New Balance shown on your monthly statement for the previous billing cycle within 25 days from the closing date of that statement. If you elect not to pay the entire New Balance shown on your previous monthly statement within that 25-day period, a Finance Charge will be imposed on the unpaid average daily balance of such Credit Purchases from the previous statement closing date and on new Credit Purchases from the date of posting to your account during the current billing cycle, and will continue to accrue until the closing date of the billing cycle preceding the date on which the entire New Balance is paid in full or until the date of payment if more than 25 days from the closing date. The Finance Charge for a billing cycle is computed by applying the monthly Periodic Rate to the average daily balance of Credit Purchases, which is determined by dividing the sum of the daily balances during the billing cycle by t
he number of days in the cycle.
Each daily balance of Credit Purchases is determined by adding to the outstanding unpaid balance of Credit Purchases at the beginning of the billing cycle any new Credit Purchases posted to your account, and subtracting any payments as received and credits as posted to your account, but excluding any unpaid Finance Charges.
A finance charge will be assessed on cash advances and balance transfers from the date of the cash advance, or the first day of the billing cycle in which the cash advance is posted, whichever is later, and will continue to accrue until payment in full is made.
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