Rates

APY = Annual Percentage Yield

Rates effective as of 7/1/17.

Fees may reduce earnings.

Checking (Share Draft) Account

Account TypeRateAPYRequirements
Cherokee Checking0.05%0.05%$300.00 minimum

(below minimum fee $3.00)

Cherokee Checking Plus0.10%0.10%$2,500.00 minimum
Cherokee Checking Bonus0.20%0.20%$2,500.00 minimum

No more than 6 Withdrawals a month

IRA Term Share Accounts

LengthRequirementRateAPY
6 Month$1,000.00 Minimum0.80%0.80%
12 Month$1,000.00 Minimum1.10%1.10%
18 Month$1,000.00 Minimum1.20%1.20%
24 Month$1,000.00 Minimum1.30%1.30%
30 Month$1,000.00 Minimum1.40%1.40%

Share Certificates

LengthRequirementRateAPY
6 Month$1,000.00 Minimum0.80%0.80%
12 Month$1,000.00 Minimum1.10%1.10%
18 Month$1,000.00 Minimum1.20%1.20%
24 Month$1,000.00 Minimum1.30%1.30%
30 Month$1,000.00 Minimum1.40%1.40%

Early withdrawals may result in the loss of 90 days worth of dividends.

Share & IRA Savings Dividends

Account TypeBalanceRateAPY
Share Savings/IRA Savings$100.00 - $2,500.000.15%0.15%
" "$2,500.01 - $5,000.000.15%0.15%
" "$5,000.01 - $10,000.000.20%0.20%
" " $10,000.01 - $25,000.000.25%0.25%
" " $25,000.01 and Up0.35%0.35%
Escrow Savings0.00%0.00%

Rates declared quarterly based on Credit Union earnings. 4th Quarter ending 12/31/16.

Loan Rates Based Upon Beacon Score

Beacon ScoreNew Auto
Up to $25,000.00
Up to 72 months
Secured loan
All rates stated APR
New Auto
Over $25,000.01
*84 months
Secured loan
All rates stated APR
*Unsecured Loans
720+2.97%3.22% 9.00%
680-7193.97%4.22%10.00%
640-6794.97%5.22%11.00%
600-6399.97%10.22%14.00%
555-59913.97%14.22%16.00%
554 & below15.97%16.22%18.00%
Beacon ScoreUsed Vehicle
1-4 yrs old
72 months
All rates stated APR
Used Vehicle
5-7 yrs old
60 months
All rates stated APR
720+3.47%3.47%
680-7194.47%4.47%
640-6795.47%5.47%
600-63910.47%10.47%
555-59914.47%14.47%
554 & below16.47%16.47%