Rates

Loans

Loan Type Annual Percentage Rate (as low as)
 Home Equity Line of Credit ++++  5.00%
 Home Equity Loan+  4.74%
 Land Loan++  6.24%
 New Mobile Home Loans+++  6.49%
 Mobile Home and Land Loan  5.99%
 New Auto  2.99%*
 Used Auto  2.99%*
 Boat & Jet Ski Loans  3.49%*
 ATV & Motorcycle Loans  3.49%*
 Travel Trailer & Motor Homes  3.49%*
 VISA Credit Cards  7.99****
 Unsecured Loans  9.75%
 Share Certificate Secured Loans  2.30%**
 Share Secured Loans  3.30%***

Rates are effective as of December 3, 2018.  Rates are subject to change without notice.  Interest rates may be higher based on an evaluation of your credit performance and a down payment may be required.  Ouachita Valley Federal Credit Union does business in accordance with the Equal Credit Opportunity Act.
New Member’s only-$3.00 membership fee
Annual Percentage Rate
*Rate includes a .25 rate reduction for payroll deduction or auto transfer of payments.
**2% above current Share Certificate Rate
*** 3% above current Regular Share Rate
**** The Annual Percentage Rate ranges from 7.99 % -17.99% and is based on certain credit-worthiness criteria. Click on the “Credit Cards” tab at the top for terms on the credit card program.
Terms of Repayment
+96 monthly payments of $12.42 per $1000. borrowed.
++ 84 monthly payments of $14.86 per $1000. borrowed.
+++144 monthly payments (12 years).
++++ The annual percentage rate my vary.  The maximum annual percentage rate that may be imposed in a variable rate plan is 12%

Consult your tax advisor regarding the deductibility of interest and charges for the plan.  The interest rate will vary based on the independent index which is the Wall Street Journal Prime Rate.  We will use the most recent index value available as of 10 days before the date of any annual percentage rate adjustment.  The annual percentage rate can change semi-annually on the first day of January and July.  The rate cannot increase or decrease more than 4.0 percentage points in any one year period.  The maximum ANNUAL PERCENTAGE RATE that can apply is 12.% or the maximum permitted by law, whichever is less.  However, under no circumstances will your ANNUAL PERCENTAGE RATE go below 4.0% at any time during the plan.  You must pay certain fees to third parties to open the plan.  These fees generally total between $100 and $1,500.  If you ask, we will provide you with an itemization of the fees you will have to pay third parties.  Home equity lines of credit have a 5 year draw period and a 10 year repayment period.  Property insurance may be required, including flood insurance if applicable.

Share Accounts

Term Minimum Deposit to Obtain APY Dividend Rate Annual Percentage Yield
Regular Shares $25.00 .30% .30%
Business Share $25.00 .20% .20%
Valley Youth Savers $5.00 .30% .30%
Christmas Club $5.00 .30% .30%
Vacation Club $5.00 .30% .30%
Checking >$1,000.00 .15% .15%

Rates are subject to change without notice. Rates are effective as of September 13, 2018.
The minimum balance of $1000. is required to earn a dividend on the share draft account.
Rates on Share and Share Draft Accounts are subject to change after the account is open.
Fees charged to an account could reduce the earnings on an account.

IRAs & CDs

Term Minimum Deposit Dividend Rate Annual Percentage Yield
3-Month Share Certificate $1000.00 .30% .30%
6-Month Share Certificate $1000.00 1.25% 1.26%
12-Month Share Certificate $1000.00 1.65% 1.66%
18-Month Share Certificate $1000.00 2.25% 2.27%
24-Month Share Certificate $1000.00 2.40% 2.42%
36-Month Share Certificate $1000.00 2.50% 2.53%
48-Month Share Certificate $1000.00 2.75% 2.78%
Share IRA $5.00 1.25% 1.26%
18-Month IRA $2000.00 2.00% 2.02%
24-Month IRA $2000.00 2.25% 2.27%

Rates are subject to change without notice. Rates are effective as of November 19, 2018. Early withdrawals from a Share Certificate or IRA may be subject to penalty.

Credit Cards

Annual Percentage
Rate (APR) for
Purchases
Introductory APR
5.99 % for a period of six (6)
months from the issuance date,
7.99% – 17.99%
Thereafter*
 Annual Percentage
Rate (APR) for
Balance Transfers
 Introductory APR
5.99 % for a period of six (6)
months from the issuance date,
7.99% – 17.99%
Thereafter*
 Other APRs  Cash Advance………….7.99% -17.99%*
Balance Transfer……………… 5.99% for a
period of 30 days from
the issuance date,
7.99% -17.99% Thereafter*
 Annual Fee  NONE
 Transaction Charge  No Per Txn Charge
 Late Payment Fee  $15.00
if ten (10) or more days late
 Cash Advance Fee  $50.00 or 2%
whichever is less
 Balance Transfer Fee  NONE
 Over Limit Fee  $15.00
if 10% over your credit limit
 Balance Computation Method  Average Daily Balance
(including New Purchases)
 Minimum Finance Charge  NONE
 First Time Issuance of Card  No Charge
 Rush Replacement Card Fee  $60.00
 Grace Period  25 Days

* The ANNUAL PERCENTAGE RATE is based on certain credit-worthiness criteria.

Minimum Finance Charge for a billing cycle:  The finance charge for a billing cycle is computed by applying the monthly periodice 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 the 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 and credits as posted to your account, but excluding any unpaid Finance charges.

Rates are effective as of  April 10, 2013.  Rates are subject to change without notice.
Contact the credit union to find out the most current information.

If your Visa Credit Card is lost or stolen call the credit union or call 1-866-205-8315.

Consumer Credit Card Agreement

Credit Card Account Opening Disclosure for APR 7.99%

Credit Card Account Opening Disclosure for APR 8.99%

Credit Card Account Opening Disclosure for APR 10.99%

Credit Card Account Opening Disclosure for APR  13.99%

Credit Card Account Opening Disclosure for APR  14.99%

Credit Card Account Opening Disclosure for APR 17.99%