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CURRENT RATES
Loans| Savings| Certificates| Fees & Disclosures
| *APR is the Annual Percentage Rate. **Rates posted are the lowest possible rates and may vary depending on past credit history, down payment, and approximate term. Rates are effective March 31, 2008 and are subject to change. All rates subject to approval depending on qualifications. |
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Commerical Loans
Please call Deb Otto in Duluth or Karla Miller in Cloquet for our current commercial loan rates - 218.625.8500 or 800.296.8871
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* APR is the Annual Percentage Rate. Rates are effective May 20, 2008 and are subject to change. ***Rates posted are the lowest possible rates and may vary depending on past credit history and loan-to-value ratio. All rates subject to approval depending on qualifications. Rate may increase over loan period. 1-Maximum APR is 18.00%
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(1) APY is the Annual Percentage Yield effective July 1, 2008, and is subject to change. (2) Fees could reduce the earnings on the account. (3) $2,500 minimum daily account balance required to earn posted APY. (4) $1000 minimum deposit. All rates are Annual Percentage Yield effective June 2, 2008 and are subject to change. A penalty will or may be imposed for early withdrawal.
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(4) $1000 minimum deposit. All rates are Annual Percentage Yield effective June 2, 2008 and are subject to change. A penalty will or may be imposed for early withdrawal.
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Visa Credit Card Rates and Disclosures
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Annual Percentage Rate on Purchases
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Annual Percentage Rate on Cash Advances
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Monthly Periodic Rate
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Annual Percentage Penalty Rate*
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Grace period for repayment of the balance for purchases
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Method of computing the balance for puchases
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Annual Fee
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Late Payment Fee
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Overlimit Fee
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Visa Business Platinum
10.54%
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10.54% |
.83 |
13.54% |
25 days |
Average Daily Balance (Including new purchases) |
None |
$20.00 |
$20.00 |
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Visa Platinum Preferred 690+ Beacon Score
10.54%
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10.54% |
.83 |
13.54% |
25 days |
Average Daily Balance (Including new purchases) |
None |
$20.00 |
$20.00 |
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Visa Platinum Preferred 650-689 Beacon Score
11.54%
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11.54% |
.91 |
14.54% |
25 days |
Average Daily Balance (Including new purchases) |
None |
$20.00 |
$20.00 |
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Visa Platinum 690+ Beacon Score
8.50%
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8.50% |
.66 |
11.50% |
25 days |
Average Daily Balance (Including new purchases) |
None |
$20.00 |
$20.00 |
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Visa Platinum 650-689 Beacon Score
9.50%
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9.50% |
.74 |
12.50% |
25 days |
Average Daily Balance (Including new purchases) |
None |
$20.00 |
$20.00 |
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Visa Platinum 610-649 Beacon Score
14.45%
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14.45% |
1.15 |
17.45% |
25 days |
Average Daily Balance (Including new purchases) |
None |
$20.00 |
$20.00 |
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Visa Secured Platinum Score 609 and below
15.54%
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15.54% |
1.24 |
None |
25 days |
Average Daily Balance (Including new purchases) |
$25.00 |
$20.00 |
$20.00 |
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* Penalty rate: If at any time your account becomes 30 days or more past due as described in the Minimum Payment Due and Payment Due date section on your monthly statement, the Annual Percentage Rate will be adjusted to the Penalty Rates stated above.
Only the Platinum Preferred accounts come with the Scorecard reward points.
The "Other Charges" affecting each Members Cooperative VISA Credit Card account include: "Rush" card fee - $25.00 each; Statement copies - single statement is free and any additional - $5.00 each; Copies of sales drafts - $5.00; Card Replacement fee - $5.00.
Research Fees - First Hour free - $15.00 per hour after first hour. Based on production cost, fax, postage and materials necessary to process.
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Credit Insurance Cost Disclosures
Credit Card Account credit insurance cost per $100.00 of monthly account balance
Single Credit Disability: 29.1¢ Single Credit Life: 6.1¢ Joint Credit Life: 10.2¢
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