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No Fee ATM Providers Rates Applications Online Access and Bill Pay WIT Federal Credit Union 22 4th Street, Rochester, NY 14609 Phone: (585) 454-4580 Welcome to WIT Federal Credit Union
 
 

Rates

Deposit Accounts

 

Type

Minimum

Term

Rate
(APY)*

Adjustment Schedule

Share Account (Savings)

$5.00 minimum
to open an account

N/A

.05%
(Last Quarter)

Board Decision - end of each quarter

Share Draft
(Checking)

$1.00 minimum
to open an account

N/A

no interest,
no monthly fee

N/A

+APR = Annual Percentage Rate

 

Money Market Accounts

 

Type

Minimum

Term

Rate
(APY)*

Adjustment Schedule

Money Market

1,500 - 9,999.99
10,000 - 24,999.99
25,000 - or more

N/A

.20%
.40%
.50%

Rates adjusted monthly
Dividends Paid Quarterly

+APR = Annual Percentage Rate

 

Certificate Accounts

 

Type

Term

$1,000 - $4,999

$5,000 -
$49,999.99

Mini-Jumbo
$50,000 -
$99,999.99

Jumbo
$100,000
or more

Share
Certificates

6 month
12 month 2 year
3 & 5 year

.30%
.50%
.55%
.60%

.50%
.75%
.90%
1.30%

.65%
.90%
1.05%
1.45%

.75%
1.00%
1.15%
1.55%

Rate set at inception. Dividend Paid upon Maturity. All rates are APY (Annual Percentage Yield)

 

IRA Saving & Certificate Accounts

 

Type

Term

Rate
(APY)*

Adjustment Schedule

Traditional or Roth IRA
Share Account

N/A

.05%
(Last Quarter)

Board Decision
End of each quarter

Traditional or Roth IRA
Share Certificates

12 month
($5,000 or more)

.75%

 Rate set at inception
(adjusted weekly)

All rates are APY
(Annual Percentage Yield)

+APR = Annual Percentage Rate

 

Consumer Loans

 

Type

Limit

Term

Rate
(APY)*

Security

Credit Card

$7,500**

Revolving

9.9%*

Your Signature

Share Secured

Limited to the amount of shares you have

Any

Share rate
plus 2%

Your shares

Personal Loan

$15,000**

1-2 years
3-4 years
5 years

8.50%*
9.00%*
9.50%*

Your Signature

Home Improvement Loan

$15,000**

1-2 years
3-4 years
5 years

6.75%*
7.50%*
7.75%*

Your Signature

New Auto Loan

100% of retail value***, tax, title, and GAP insurance

1-3 years
4-6 years
7 years

3.00%*
3.25%*
3.50%*++

Lien on vehicle and insurance

Used Auto Loan

(Term is based on age of vehicle)

100% of book value***, tax, title, GAP insurance

1-2 years
3-4 years
5-6 years

3.25%*
3.50%*
3.75%*

Lien on vehicle and insurance

New Motorcycle, ATVs', Snowmobile, Boat, RV, Excavation & Farm Equipment

(Terms over 6 years available on Boats and RV’s only)

100% of retail value

1-2 years
3-4 years
5-7 years
8-10 years
11-15 years

3.75%*
4.00%*
4.25%*
4.75%*
6.50%*

Lien on vehicle and insurance

Used Motorcycle, ATVs', Snowmobile, Boat, RV, Excavation & Farm Equipment

(Terms over 6 years available on Boats, RV’s, & Farm Equipment only. Term is based on age of vehicle)

100% of book or appraised value

1-2 years
3-4 years
5-7 years
8-9 years
10-15 years

4.75%*
5.00%*
5.25%*
5.75%*
7.50%*

Lien on vehicle and insurance

Education
Loan

$30,000**

10 years total
4 years int. only
6 years Principal & Interest

5.00%
(variable)

Your Signature

*Rates shown are based on excellent credit. A less than excellent credit score will increase your rate. **Maximum dollar amount of loan based on excellent credit.
A less than excellent score will decrease the amount you are eligible to borrow.
*** $15,000 limit for credit scores below 600.
++ Loan must be $25,000 or more
All rates are subject to change.

+APR = Annual Percentage Rate

Mortgage Loans

 

Type

Limit

Term

Rate
(APY)*

Security

First Mortgages

Today's Mortgage Rates

10 to 30 years

View Rates

Mortgage Lien and homeowner's insurance

Home Equity Line of Credit

90% of house value less first mortgage. Minimum of $10,000

amortized over 15 years

4.25% Variable

Mortgage Lien and homeowner's insurance

Home Equity Loan

90% of house value less first mortgage. Minimum of $10,000

15 years

5.5% Fixed

Mortgage Lien and homeowner's insurance

+APR = Annual Percentage Rate

 

Rental Property/Business Lending

 

Type

Limit

Term

Rate
(APY)*

Security

First Mortgages
Financed through OwnersChoice Funding

Today's Mortgage Rates

10 to 30 years

View Rates

1st Mortgage Lien and Landlord insurance

Rental Equity Line of Credit

75%* of property value. Minimum of $10,000 maximum of $50,000

amortized over 15 years

5.25% Variable

1st Mortgage Lien and Landlord insurance

Rental Equity Loan

75%* of house value. Minimum of $10,000, maximum of $50,000

15 years

6.5% Fixed

1st Mortgage Lien and Landlord insurance

Commercial Loans & Lines of Credit Available**

75% of property value. $50,000 to $100,000.

Up to 20 year terms

Varies by situation

1st Mortgage lien and Commercial or Landlord insurance

*75% of property value for properties valued below $35,000.
**Terms and conditions of Commercial Lending are tailored to your specific situation.

+APR = Annual Percentage Rate

 







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