Rates and Fees   

Effective January 1,2012    

DIVIDENDS

Savings Share Accounts $250 or more   .05% APY  .05%
Share Drafts (Checking) $1000 or more
  .05%
APY  .05%
Share Certificates & IRA's: 12 months
.50 %
APY  0.50%

 

NEW CAR LOAN RATES
"0" down USA
"0" down Foreign
Length of Loan
USA Rate
Foreign Rate
1 year
4.0%
4.5%
2 years
4.0%
4.5%
3 years
5.0%
5.5%
4 years
5.0%
5.5%
5 years
6.0%
6.5%
6 years
6.0%
6.5%
     
USED CAR RATES
0% down
 
Model Year
Length of Loan 2012 2011 2010 2009 2008 2007
1 year 4.0% 4.0% 4.0% 4.0% 4.0% 4.0%
2 years 4.0% 4.0% 4.0% 4.0% 4.0% 4.0%
3 years 5.0% 5.0% 5.0% 5.0% 5.0% 5.0%
4 years 5.0% 5.0% 5.0% 5.0% 5.0%  
5 years 6.0% 6.0% 6.0% 6.0%    
6 years 6.0% 6.0% 6.0%      
             
Maximum amount of auto loan new or used is $40,000.
Note: Used car loans are for 100% of the purchase price or 100% of the book value whichever is less.
 
PERSONAL LOANS
Personal Loan/Secured (Savings Only) - No Maximum - 7% 3 years
Personal Loan/Unsecured - Maximum $10,000 - 12%-17% 4 years
 
Loans must be paid down by one-quarter in order to refinance.
 
Years of service limits maximum loan allowed:  
0 -1 year = $1,500.00 3 - 4 years = $6,000.00
1 - 2 years = $3,000.00 4 - 5 years = $7,500.00
2 - 3 years = $4,500.00 5 years + = $10,000.00
   
No credit history and 1 year plus of service = 50% of above maximum.
 
   
VISA CARD
PLATINUM CARD
Purchases 8.4%APR                Cash Advances 8.4% APR
                                                          CLASSIC VISA CARD
                    Purchases 12.4%-17.4%APR           Cash Advances 12.4%-17.4%APR
ALL RATES AND CONDITIONS SUBJECT TO CHANGE WITHOUT NOTICE

ALL RATES ARE BASE RATES. YOUR INDIVIDUAL RATE MAY BE MORE OR LESS DEPENDING ON YOUR INDIVIDUAL FAIR ISAAC SCORE.

COLLECTION COSTS:  You promise to pay all costs of collecting the amount you owe under this agreement including court costs and reasonable attorney fees.  Effeective January 1,2005, the Credit Union will impose a late fee of $20.00 if a loan payment is not received by the 10th day of the month following the month in which the payment was due.  This fee is necessary due to the costs of the collection efforts on delinquent loans.

All rates, terms and conditions posted on this website are;
a) intended for members of CWA Long Island Federal Credit Union only,
b) are not intended to be an offer of a loan and
c) are subject to change or withdrawal at any time without notice.


FEES
The following fees may be assessed against your account.

Share Draft (Checking)
Certified draft
$  5.00
Draft Printing (fee depends on style of draft ordered)                                            
varies
Non-sufficient Funds
30.00
Copy of Share Draft
 5.00
Monthly Fee
 1.00
Reconcilement of Account (per hour)
25.00
Stop Payment (all items)
10.00
Account Activity Printout (History)
   2.00
 
ATM Fees
Inquiries
$.60
Withdrawals
.95
Replacement Lost Card/Stolen Card/Pin Number
10.00
 
 
Home Banking
Online Access Monthly Fee
$1.75
Bill Payer Monthly Fee
4.25
Bill Payer ( one time enrollment fee)
2.50
 
IRA Certificates
Transfer fee
.$10.00
Withdrawal Fee under 59 1/2
10.00
Withdrawal Fee after grace period (CERT & IRA)
10.00
   
Accounting
Legal Processing (ex. - Tax Levy)
$20.00 
Shares (below minimum balance required per month)
2.00
Returned Item (deposited drafts and other items)
25.00
Statement Copy
5.00
   
Member Services
Gift Cheques (American Express)
$2.50
Travelers Cheques per $100.00
1.00
Travelers Cheques Two Signatures per $100.00
1.50
US Postal Overnite
25.00
Express Delivery (Morning)
32.00
Express Delivery (Afternoon)
29.00
Express Delivery (Saturday)
45.00
Money Orders (Travelers express)
1.00
Stop Pay Chase

                            30.00

   
Miscellaneous
Returned ACH item charge
$30.00
Wire Transfer (Outgoing)
15.00

Collection Item (Incoming)

No Charge

 No Activity 3 Yrs. Monthly Fee

                    5.00

 Delinquent Loan Payment Fee

                 20.00

 Manual Posted Item

                  10.00

   
VISA
   
Late Payment Charge

  up to $25.00

Returned Payment Charge

    up to $25.00

MiscellaneousMiscellaneous
 
 
 
 
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Your savings federally insured to at least $250,000 & backed by the full faith and credit of the U.S. Government National Credit Union Administration, a U.S. Government Agency