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Rates


Tongass Federal Credit Union Loan Rates

Pre-apply for your car, truck, boat or other collateralized loan and know what you can borrow before you shop, plus speed up the process when you make your choice. Not sure what you need? An Open-End Loan gives you options and choices - borrow what you need when you need it. Our VISA Credit Card carries no annual fees and no cash advance fee; use it for added overdraft protection. Don't forget we do home equity, land, and mortgage loans.

Current Loan Rates
Rates effective August 2014
Loan Type Terms APR *
New & Used Vehicles 24-84 months 2.99% - 17.49%
New & Used Boats 24-144 months 5.70% - 8.70%
Campers, Trailers, Motor Homes 24-144 months 5.70% -7.20%
ATVs, Jet Skis, Motorcycles, Snowmobiles 24-60 months 3.50% - 5.00%
     
Share-pledged Loan (Savings) Less than 1 year Rate + 3.0%
Share-pledged Loan (Certificate) Varies Rate + 2.0%
     
Unsecured (Signature) Loan 12 months 6.99%-9.99%
Open-End Unsecured Loan 36 months variable
VISA Credit Card N/A 9.95% - 12.95%
     
Real Estate 180 - 360 months Call for quote
Home Equity Loan 60 - 144 months 5.21% - 8.40%
     
Federal Stafford Student Loan Contact your college
Federal PLUS Student Loan Contact your college
Consolidated Federal Student Loan Contact your college

*APR is annual percentage rate

Current Deposit Rates and Yields
The following rates are set by the Board for December 2014
Savings (up to 6 withdrawals per month, no fee) Nominal Rate APY*
Regular Shares .10% .10%
 
Money Market Accounts (up to 3 withdrawals per month, no fee) Nominal Rate APY*
.10%
.10%
$2,500-$9,999
.13%
.13%
$10,000-$24,999
.14%
.14%
$25,000-plus
.15%
.15%
     
Certificates Nominal Rate APY*
Savings Builder Certificate ( 1 month, renewable, maximum $2,500)
.55%
.61%
90-179 Days
.16%
.16%
180-364 Days
.20%
.20%
12 to 23 months
.55%
.55%
24 to 35 months
.75%
.75%
36 to 47 months
.90%
.90%
48 to 59 months
1.05%
1.05%
60 months
1.10%
1.11%
 
Health Savings Accounts Nominal Rate APY*
 
.10%
.10%
     
IRA/SEP IRA (Traditional, Roth, Education SEP accounts)
Nominal Rate
APY*
Shares
.20%
.20%
     
12 to 23 months
.65%
.65%
24 to 35 months
.85%
.85%
36 to 59 months
1.00%
1.00%
60 months
1.20%
1.21%

*Annual Percentage Yield. Dividend rates shown here are stated in Annual Percentage Yield - Rates may change monthly

 

Business Loan Rates

Each business loan is unique. Tongass Federal Credit Union takes into account the following factors prior to establishing the individual loan rate and terms for your business: the amount you borrow, type of collateral, term of the loan, financial strengths of your business, cash flow, industry trends, and both your personal and business credit ratings.

Generally the rates will be tied to the Wall Street Journal (WSJ) prime rate, plus 0-3% points. Business loan rates may adjust at regular intervals that are established at the time your loan is approved. Typical intervals are monthly, annually or every 3 or 5 years. This rate type is called a “variable rate.” Longer term installment loans or business lines of credit generally have variable rates.

Business interest rates can also be fixed, meaning they will not adjust at regular intervals. Short term installment loans generally have fixed interest rates.

All interest rates are established at the time your loan is approved and will be discussed with you prior to your closing.

 
         
Phone Number: (907) 225-9063   •   CU*Talk (Audio Teller): (844) 498-8542  •   Lost/Stolen Credit Card: (800) 325-3678  •   Lost/Stolen Debit Card: (800) 682-6075
 
 
This credit union is federally insured by the National Credit Union Administration.
     
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