| Account Type | Dividend Rate | APY* | Account Type | Dividend Rate | APY* |
|---|---|---|---|---|---|
| Primary Shares | 0.15% | 0.15% | IRA Premium Money Market Account | 1.15% | 1.16% |
| Reserve Shares | 0.15% | 0.15% | Money Market ($100.00-$2,499.99) | 0.15% | 0.15% |
| Growth Shares | 0.15% | 0.15% | Money Market ($2,500 to $9999.99) | 0.75% | 0.75% |
| Christmas Club | 0.15% | 0.15% | Money Market ($10,000 to $24,999.99) | 0.85% | 0.85% |
| Youth Account | 0.15% | 0.15% | Money Market ($25,000 and over) | 1.00% | 1.00% |
| Right Start Young Adult | 0.25% | 0.25% | Draft Checking | 0.05% | 0.05% |
| **Platinum Plus Account ($1.00 to $2,999.99) | 0.15% | 0.15% | Bonus Checking | 2.99% | 3.04% |
| **Platinum Plus Account ($3,000.00 to $24,999.99) | 0.90% | 0.90% | Insurance Escrow | 0.15% | 0.15% |
| **Platinum Plus Account ($25,000 and over) | 1.00% | 1.00% | Mortgage Escrow | 0.15% | 0.15% |
GOLD: Requires a minimum balance of $500.00
| Term | CD Gold Dividend Rate | CD Gold APY* | IRA Dividend Rate | IRA APY* |
|---|---|---|---|---|
| 3 Month | 1.50% | 1.51% | 1.50% | 1.51% |
| 6 Month | 1.55% | 1.56% | 1.55% | 1.56% |
| 9 Month | 1.70% | 1.71% | 1.70% | 1.71% |
| 1 Year | 2.00% | 2.02% | 2.00% | 2.02% |
| 2 Year | 2.25% | 2.27% | 2.25% | 2.27% |
| 3 Year | 2.35% | 2.38% | 2.35% | 2.38% |
| 4 Year | 2.45% | 2.48% | 2.45% | 2.48% |
| 5 Year | 2.55% | 2.58% | 2.55% | 2.58% |
Loan Rates
| Loan Type | Term up to | APR* as low as |
|---|---|---|
| Auto | 72 Months | 4.74% |
| ATV & Motorcycle | 72 Months | 6.59% |
| RV | 72 Months | 6.79% |
| Watercraft & Tractor | 72 Months | 6.74% |
| Account Type | APR* as low as |
|---|---|
| Other Unsecured Closed End Loans | 8.99% |
| Line of Credit and Overdraft Protection*** | 8.99% |
*APR = Annual Percentage Rate - As low as rate includes .25% discount for borrowers establishing and maintaining auto payment on their loan at the time of loan closing.
All rates and terms are subject to change without notice. Rates listed are the lowest available at South Central Credit Union to qualifying members with high credit scores. Actual rates may be higher and are determined by a member's individual credit score.
Used vehicles with values of $2,000.00 or less may be financed for a maximum of 24 months at the general signature rate.
New Automobiles only at 72 months term. Loan must be $20,000.00 or more.
Vacation, holiday, home improvement, and electronic loans closed end. Holiday loans up to $2000.00 maximum from October 14 through December 31!
The Credit Union will grant new auto loans (includes demo's and all vehicles not previously titled) up to 100% of the total purchase price of the vehicle, including tax, title, and value added add-ons.
The Credit Union will grant used auto loans up to the lessor of 100% of the total purchase price of the vehicle (including tax, title, and value added add-ons) or the NADA retail value.
* APY is the Annual Percentage Yield. Unless otherwise paid, dividends are paid to your account and compounded monthly. Additional information about these accounts are found in the Membership and Account agreement. For primary, reserve, growth, Christmas Club, Draft Checking, Mortgage Escrow, & Insurance Escrow accounts require a minimum balance of $100 to earn the stated APY. Fees imposed on any of the above accounts could reduce your earnings on your account (APY) as disclosed in your General Terms and Conditions Agreement.
** Platinum Plus is an exclusive account offered to members who are at last 55 years of age. The credit union has bundled a valuable package of benefits as a part of this program including: Free checking, free checks, free ATM/Debit card, six free ATM transactions per month, free money orders, free travelers’ checks, no annual fee VISA and tiered savings rates.
*** The Credit Union uses the daily balance method of computing dividends, which applies a daily periodic rate to the full amount of principal in the account each day. All members must maintain $5.00 in their regular savings (regular share) account at all times. An initial fee of 25¢ is charged for each membership opened. Except for Youth Accounts (available only to persons under the age of 16), accounts that fall below a daily balance of $100 will not earn a dividend. All accounts are variable rate accounts, and the rate is subject to change at any time at the discretion of the Credit Union's Board of Directors.
Please note that fees may reduce earnings on some accounts.
Go to main navigation