Rates And Fees
Loans and Savings Rates
Savings Rates
Effective date: As of June 24th, 2020
Savings Rates - Effective Wednesday, September 16, 2020 | ||||
---|---|---|---|---|
Account Type | APY | Minimum Deposit | Minimum Balance | |
REGULAR SHARES | 0.050% | $5.00 | $500.00 | |
HIGH YIELD SHARES | 0.250% - 0.250% | $2,500.00 | $2,500.00 | |
HIGH YIELD SHARES | 0.250% - 0.310% | $2,500.00 | $20,000.00 | |
HIGH YIELD SHARES | 0.310% - 0.450% | $2,500.00 | $50,000.00 | |
CHRISTMAS CLUB | 0.150% | $1.00 | $0.00 | |
VACATION CLUB | 0.050% | $0.00 | $0.00 | |
IRA SHARES | 0.100% | $0.00 | $0.00 | |
ROTH IRA SHARE | 0.100% | $0.00 | $0.00 | |
CHECKING | 0.000% | $0.00 | $0.00 | |
YOUTH SAVINGS ACCT | 0.050% | $0.00 | $0.00 |
Fees may reduce earnings. Rate may change after the account is opened.
Loan Rates
Effective date: As of July 1st, 2020
Loan Rates - Effective Wednesday, January 20, 2021 | ||
---|---|---|
Loan Type | Rates as low as - Stated in APR | Terms/Information |
New Vehicle | 1.750% | Check out our low rates!! |
Used Vehicle | 2.750% | Older vehicles, Motorcycle |
BOAT / RV | 5.000% | |
Visa Card | 8.490% | as low as 8.49% - No Annual Fee |
Revolving Loan | 12.950% | Pay only $20 for every $1,000.00 you borrow! |
signature loan | 5.500% |
Your Actual APR (Annual Percentage Rate) will be based upon your individual credit worthiness, loan amount, term of loan and applicable prepaid items.
Certificate Rates
Effective date: As of June 24th, 2020
Certificate Rates - Effective Wednesday, January 20, 2021 | |||
---|---|---|---|
Certificate Term | APY | Minimum Deposit | |
6 MONTH GOLDEN ACCT | 0.500% | $500.00 | |
12 MONTH GOLDEN ACCT | 0.550% | $500.00 | |
18 MONTH GOLDEN CERT | 0.600% | $500.00 | |
24 MONTH GOLDEN ACCT | 0.650% | $500.00 | |
36 MO GOLDEN CD | 0.750% | $500.00 | |
48 MO GOLDEN CD | 0.850% | $500.00 | |
60 MO GOLDEN CD | 1.000% | $500.00 | |
12 IRA CERTIFICATE | 0.500% | $500.00 | |
36M IRA CERTIFICATE | 0.750% | $2,000.00 | |
60 MONTH $25,000.00 | 1.000% | $25,000.00 | |
12 MONTH YOUTH CD | 0.500% | $100.00 | |
60 MONTH IRA CERT | 1.000% | $25,000.00 |
Penalty for early withdrawals.
Fee Schedule
Service | Fee | Notes |
---|---|---|
Statement Copies | $10.00 | Per Statement Free Online |
Money Orders and Corp Checks | $3.00 | Per Item |
Account Research/Reconciliation Fee | $25.00 | Minimum |
Fax Services | $2.00 | First page, $1.00 each additional page |
Dormant Fee | $10.00 | Per month after 1 year with no activity |
Return Mail/Bad Address | $5.00 | |
Check Stop Payment | $25.00 | For one check or series of checks |
ACH Stop Payment | $25.00 | |
Check Copy | $5.00 | Free Oline |
Starter Checks | $4.00 | Per Page (4 checks/page) |
Account History "List" | $5.00 | Free Oline |
Garnishment/Levy/Escheat | $50.00 | |
Phone Transfer Fee/Acct Inquiry | $1.00 | Free Oline |
ATM Card (New and Replacement) | $10.00 | |
ATM/Debit Pin Order or Reissue | $2.00 | |
Plastic RUSH Delivery | $75.00 | |
Inactive Bill Pay Account | $5.00 | Per month (only need 1 transaction/month) |
Foreign Item Processing | $10.00 | |
IRA Transfer to Another FI | $25.00 | |
Late Title Fee | $30.00 | After 30 days |
Non-Member Check Cashing | $5.00 | Checks drawn offMichigan Coastal |
Second Chance Checking | $10.00 | Per month (Coming Soon!) |
Christmas Club Withdrawal | $5.00 | each withdrawal |
Service Re-instatement after Collections | $15.00 | |
Visa Gift Card | $3.50 | |
Verification of Deposit | $5.00 | Not to include DHS |
Membership Fee | $1.00 | First time / $5.00 each additional |
IRA Yearly Administration Fee | $20.00 | Not to include existing IRA's |
Wire Transfer (Domestic) | $20.00 | |
Automated Check Fee (CFT) | $1.00 | |
Automatic Overdraft Transfer Fee | $5.00 | For each transfer/item |
NSF Returns | $30.00 | Per item |
Courtesy Pay Fee | $30.00 | Per item |
Return Outside Check Fee | $15.00 | Per item |
Stop Payments on Corporate Checks | $30.00 | Per item |
Stop Payments on Money Orders | $30.00 | Per item |
Copy of Corp Checks & Money Orders | $5.00 | Per item |
Business Checking Account Fee | $10.00 | Per month |
Check Processing Fee | $5.00 | Per check, Waiver for:*Aggregate Bal of $50.00*Loans*Youth Accounts*Debit Card w/ Checking |
ATM Deposits | $1.00 | 5 business day hold on ALL Deposits |
Point of Sale Transactions | $1.00 | Each, First 5 POS TransactionsFree Per Month |
ATM Transfers | $1.00 | Free at MCCU ATM |
ATM Withdrawals | $1.00 | Free at MCCU ATM |
ATM Inquiries | $1.00 | Free at MCCU ATM |
Incomplete ATM Transactions | $0.50 | Per item |
Debit Card | $10.00 | Replacement Fee |
Visa Credit Card | $10.00 | Replacement Fee |
Visa Credit Card Statement Copies | $10.00 | each copy |