Rates And Fees
Loans and Savings Rates
Savings Rates
Effective date: As of November 1st, 2019
| Savings Rates - Effective Wednesday, May 1, 2019 | ||||
|---|---|---|---|---|
| Account Type | APY | Minimum Deposit | Minimum Balance | |
| REGULAR SHARES | 0.050% | $5.00 | $500.00 | |
| HIGH YIELD SHARES | 0.800% - 0.800% | $2,500.00 | $2,500.00 | |
| HIGH YIELD SHARES | 0.800% - 0.920% | $2,500.00 | $20,000.00 | |
| HIGH YIELD SHARES | 0.920% - 1.210% | $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 November 1st, 2019
| Loan Rates - Effective Friday, January 24, 2020 | ||
|---|---|---|
| Loan Type | Rates as low as - Stated in APR | Terms/Information |
| New Vehicle | 2.990% | Check out our low rates!! |
| Used Vehicle | 3.490% | Older vehicles, Motorcycle |
| 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 | 9.250% | Watch for Signature Loan Specials. |
Your Actual APR (Annual Percentage Rate) will be based upon your individual credit worthiness, loan amount, term of loan and applicable prepaid items.
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Certificate Rates
Effective date: As of November 1st, 2019
| Certificate Rates - Effective Friday, January 24, 2020 | |||
|---|---|---|---|
| Certificate Term | APY | Minimum Deposit | |
| 6 MONTH GOLDEN ACCT | 1.500% | $500.00 | |
| 12 MONTH GOLDEN ACCT | 2.000% | $500.00 | |
| 18 MONTH GOLDEN CERT | 2.100% | $500.00 | |
| 24 MONTH GOLDEN ACCT | 2.150% | $500.00 | |
| 36 MO GOLDEN CD | 2.400% | $500.00 | |
| 48 MO GOLDEN CD | 2.600% | $500.00 | |
| 60 MO GOLDEN CD | 2.750% | $500.00 | |
| 60 MONTH $25,000.00 | 2.800% | $25,000.00 | |
| 12 IRA CERTIFICATE | 2.000% | $500.00 | |
| 36M IRA CERTIFICATE | 2.400% | $2,000.00 | |
| 12 MONTH YOUTH CD | 2.000% | $100.00 | |
| 60 MONTH IRA CERT | 2.800% | $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 |