Spring Mill Employees Federal Credit Union
Services & Interest Rates
Savings Accounts paying .75% or .753% Annual Percentage Yield ** |
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IRA Accounts paying 2.90% or 2.940% APY** |
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Share Draft (Checking Accounts) |
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Certificates of Deposit* - See Rates Below |
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Christmas & Vacation Clubs** |
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Money Orders - $1.50 |
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AMEX Travelers Checks - No fees |
Certified Checks - No fee |
Auto Loans - New As Low As 3.75% APR, Used As Low As 4.50% Annual Percentage Rate ** |
Fixed Rate Mortgage - As Low As 6.50% APR** |
Home Equity Loans - As Low As 5.00% APR** |
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Share Secured Loans - 2.75% APR** |
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Unsecured Loans to $10,000 - As Low as 9.74% APR** |
Direct Deposit and Payroll Deduction |
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Photocopies - Members 10˘ Non-Members 20˘ |
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Notary Public - Limited Service - Fees Vary |
CD rates** as of Thursday July 1, 2010
12 Month - 1.15 % APR 1.156 % 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.
Visa® Credit Cards only 9.9%(APR)!!!
No Annual Fee, a 25 day grace period, credit limits available up to $7,500.
Visa® Debit (Check) Cards
Pulls funds directly from your checking and/or savings account.
E-statements are now available at SMEFCU
All you need to get started with e-statements is to come to the credit union, sign up for FLexteller (if you are not already signed up), and read and sign our disclosure for e-statements. It's that easy. Any of our MSR's can assist you.
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
STUDENT
REWARDS FOR ACADEMIC ACHIEVEMENTS
This
reward program is for students who achieve A’s on their report cards for
the 2009-2010 school year.
The following qualifications must be met:
1.
The
student must be a member of SMEFCU.
2.
The
Credit Union will deposit $5.00 into the students savings account for each A
up to 5 A’s per marking period provided a parent or relative will match
the deposit. The parent or relative must be a member of SMEFCU.
3.
The
student’s report card must be presented showing the A’s achieved.
We only accept report cards for the current marking period.
4.
If
letters do not represent the grades, 93% or above will qualify.
5.
Students
in grade 1 thru 12 will qualify for the rewards.
6.
Students
should leave the money in their account for their future education, unless
an emergency exists.