Rates

APY = Annual Percentage Yield

Rates effective as of 3/1/19.

Fees may reduce earnings.

Checking (Share Draft) Account

Account TypeRateAPYRequirements
Cherokee Checking0.10%0.10%$300.00 minimum

(below minimum fee $3.00)

Cherokee Checking Plus0.15%0.15%$2,500.00 minimum
Cherokee Checking Bonus0.25%0.25%$2,500.00 minimum

No more than 6 Withdrawals a month

IRA Term Share Accounts

LengthRequirementRateAPY
6 Month$1,000.00 Minimum1.15%1.15%
12 Month$1,000.00 Minimum1.60%1.60%
18 Month$1,000.00 Minimum1.90%1.90%
24 Month$1,000.00 Minimum2.00%2.00%
30 Month$1,000.00 Minimum2.15%2.15%

Share Certificates

LengthRequirementRateAPY
6 Month$1,000.00 Minimum1.15%1.15%
12 Month$1,000.00 Minimum1.60%1.60%
18 Month$1,000.00 Minimum1.90%1.90%
24 Month$1,000.00 Minimum2.00%2.00%
30 Month$1,000.00 Minimum2.15%2.15%

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 - $2,500.000.20%0.20%
" "$2,500.01 - $5,000.000.25%0.25%
" "$5,000.01 - $10,000.000.35%0.35%
" " $10,000.01 - $25,000.000.45%0.45%
" " $25,000.01 and Up0.55%0.55%
Escrow Savings0.00%0.00%

Rates declared quarterly based on Credit Union earnings. 4th Quarter ending 12/31/18.

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+2.40%2.90% 9.00%
680-7193.40%3.90%10.00%
640-6794.40%4.90%11.00%
600-6399.65%10.15%14.00%
555-59913.65%14.15%16.00%
554 & below15.65%16.15%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+3.20%3.20%
680-7194.20%4.20%
640-6795.20%5.20%
600-63910.45%10.45%
555-59914.45%14.45%
554 & below16.45%16.45%