Spring Mill Employees Federal Credit Union

Services & Interest Rates

Savings Accounts paying 1.00% or 1.01% Annual Percentage Yield **

IRA Accounts paying 4.00% or 4.06% APY**

Share Draft (Checking Accounts)

Certificates of Deposit* - See Rates Below

Christmas & Vacation Clubs**

Money Orders - $1.50

AMEX Travelers Checks - No fees

Certified Checks - No fee

Auto Loans - New As Low As 4.99% APR, Used As Low As 5.99% Annual Percentage Rate **

Fixed Rate Mortgage - As Low As 6.50% APR**

Home Equity Loans - As Low As 6.35% APR**

Share Secured Loans - 3% APR**

Unsecured Loans to $10,000 - As Low as 9.74% APR**

Direct Deposit and Payroll Deduction

Photocopies - Members 10˘ Non-Members 20˘

Notary Public - Limited Service - Fees Vary

CD rates** as of Monday, August 18, 2008

6 Month - 2.77% APR  2.80% APY

12 Month - 2.89 % APR  2.92% APY

18 Month - 3.07%  APR   3.11% APY    

2 Year - 3.20% APR  3.24% APY

30 Month - 3.39% APR  3.44% APY 

3 Year - 3.57% APR  3.62% APY 

* All saving certificates can now be compounded if member so desires.

** All rates are subject to change without notice.

Your Credit Union also offers the following services.

Flexteller is Here!

This service allows our members to check their balances, account history, and perform certain transactions via the internet. Click here to go to a Flexteller application.

VisaŽ Credit Cards only 9.9%(APR)!!!

No Annual Fee, a 25 day grace period, credit limits available up to $7,500, and a FREE $5 Sheetz "Z" Card upon approval!

VisaŽ  Debit (Check) Cards

Pulls funds directly from your checking and/or savings account.

Insurance

Credit Life Insurance - Can be purchased through the credit union.  This insurance will payoff a loan up to $35,000 in the event of the debtor's death and up to $75,000 on purchase mortgages.

Credit Disability Insurance - Can be purchased through the credit union.  This coverage makes the borrower's loan payments after completion of a 30 day grace period, in the event of disability resulting from accident or sickness.  Benefit payments continue until the borrower can resume making payments subject to an annual claim review.

Life Savings Insurance - This coverage has been eliminated for new members effective May 1, 2004 while grand fathering existing members' accounts.  We provide this coverage to members that joined prior to May 1, 2004 at no direct cost up to a maximum of $2,000.  The coverage varies with age and the beneficiary will receive the funds.  You must have $2,000 in your share account before your 55th birthday for 100% coverage.

Other Loan Rates are available by contacting the Credit Union Office

at 814-224-2744, toll free 1-800-224-5382, or via Fax 814-224-5080