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Funds may be deposited to accounts via direct deposit, payroll deduction, in person or through the mail. Multiple savings accounts are available for your convenience. The minimum balance requirement is $5.00. |
| Christmas
Savings |
Accounts begin each year on November 1st and end after dividend posting on October 31st. Funds are disbursed per your request on November 1st. |
| Dividends on savings accounts are calculated using the daily balance method that applies a daily periodic rate to the balance in the account each day. Dividends are paid and posted to savings accounts on the last day of the month. | |
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CHECKING ACCOUNTS: Funds may be deposited via net pay or payroll deduction, thru the U.S. Mail or in person. Accounts are available requiring either 'no minimum balance' that does not earn a monthly dividend or requiring a $1,000 minimum balance that does earn a monthly dividend. ATM/Debit cards are available for your convenience. |
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TERM SHARE CERTIFICATE accounts are available with 6-month, 1-year, 2-year and 3-year terms. The minimum balance requirement varies by term. Dividends are paid monthly. There is a 90-day early withdrawal penalty. |
| Deposits are insured to $250,000 per account by American Share Insurance (ASI). Valley Bell Credit Union is not federally insured, and if the institution fails, the Federal Government does not guarantee that depositors will get back their money. | |
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Valley Bell Credit Union also offers a variety of loan products to meet your needs. Please note that certain restrictions and lending criteria apply to all requests for credit and that rates posted on this site are subject to change without notice. |
| New Vehicle Loans | Eligibility is determined by the factory list price of the new vehicle. We may loan as much as 100% of the factory list price (not to exceed the purchase price) for as long as 60 months. Rates vary by term and individual credit history. |
| Used Vehicle Loans | Eligibility is determined by the make, model, year (up to 7 years old), and average Blackbook price of the vehicle being purchased and used as collateral. We may loan as much as 100% of the average Blackbook value (not to exceed the purchase price) for as long as 60 months. Rates and terms vary by vehicle age and individual credit history. |
| Other (Vehicle) Secured Loans | Loans are available based on the value allowed for the collateral offered and individual credit history. Maximum terms and amounts vary based on the specific collateral being used to secure the loan. |
| Share
Secured Loans |
Share secured loans offer a lower interest rate than other loans. Your share balance at Valley Bell Credit Union must remain equal to the outstanding loan balance for the term of the loan. The interest rate is the current dividend rate +4%. The maximum loan amount is $25,000. The maximum term is 48 months. |
| Other Secured Loans |
Other secured loans are based on the value allowed for the collateral offered and individual credit history. The loan will not exceed a term of 60 months or $25,000. |
| Unsecured Loans | The current rate(s) on unsecured loans vary by the loan term and individual credit history. Maximum term is 36 months and maximum eligibility limit is $25,000. |
| VISA Credit Cards | VISA CREDIT CARDS are available thru our new partnership with Elan Financial Services. Card types include:Visa Signature, Select Rewards Platinum, Cash Rewards Platinum, Visa Platinum, College Rewards and Young Adult. Card type, individual credit history and the Wall Street Journal Prime Interest Rate determine credit limits and rates. |
| Home Equity Loans | HOME EQUITY LOANS are available as a Variable Rate 'Line-of-Credit' Loan with the rate based on Prime + 1% or a Fixed Rate Closed-End 'Balloon' Loan. Credit lines will not exceed $50,000 using a 100% loan-to-value ratio. Credit lines $50,000-$100,000 are also available using a maximum 85% loan-to-value ratio. Terms vary by the type of loan. |
| Mortgage Loans | Mortgage loans are available with a number of competitive options and rates to choose from. Contact a Mortgage Services Representative at (630)620-5200 or e-mail at www.cuamerica.com for general information, current rates, pre-approval and applications. |
| Credit Disability and Credit Life Insurance are available to borrowers for a minimal monthly charge on consumer loans. | |
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