Share Draft Accounts
Railroad Crescent Share Draft
Railroad Crescent Share Draft gives you precisely what you need — and more…it pays dividends and includes must-have conveniences, including a debit card and online banking.
Or, you can write checks. There's no limit. Plus, receive your first regular check order free!
Only two requirements for this FREE, dividend bearing account:
- Must have regular share account account
- Minimum Average Daily Balance of $2,000
Benefits:
- Dividend Rate of 0.15%
- FREE online banking*
- FREE eStatements**
- FREE Visa® debit card
- First order regular checks FREE
- Unlimited check writing
*$3.00 monthly inactivity fee if not used after 3 months of registering
**Must receive eStatements when signed up for online banking
Railroad Classic Share Draft
If you want just the basics, our Railroad Classic Share Draft gives you precisely what you need — no more, no less. Streamline your checking account with must-have conveniences, including a debit card, online banking and bill pay.
Or, if you'd rather, write checks. There's no limit. Plus, your first order of regular checks is free!
Only two requirements for FREE checking:
- Must have a regular share account
- At least one direct deposit per month*
Benefits:
- No minimum balance requirement
- FREE online banking**
- FREE eStatements***
- FREE Visa® debit card
- First order of regular checks FREE
- Unlimited check writing
*$5.00 per month without direct deposit
**$3.00 month inactivity fee if not used after 3 months of registering
***Must receive eStatements when signed up for online banking
LOAN RATES
| Loan Type | Rate |
|---|---|
| New/ Used 48 mo. (current & prior 2 model years) | 2.15% |
| New / Used 60 mo. (current & prior 2 model years) |
2.40% |
| New / used 72 mo. (current & prior 2 model years) ** | 3.25% |
| Used car / truck purchase (3 model years & older), 60 month max term. |
3.25% |
| New street motorcycle 500cc> 48 mo. |
4.25% |
| New street motorcycle 500cc> 60 mo. |
4.75% |
| Used street motorcycle 500cc> |
5.25% |
| New boat 60 mo. |
4.50% |
| New boats 72 mo. ** |
6.25% |
| Used boat purchase 60 mo. |
5.00% |
| New farm equipment 72 mo. ** |
6.25% |
| New farm equipment 60 mo. | 4.50% |
| Used farm equipment 60 mo. |
5.00% |
| New RVs (5th wh/mtr home) 72 mo. |
5.00% |
| New RVs (5th wh/mtr home) 120 mo.(>$25K) |
5.25% |
| New travel trailer (pull behind/ pop-up) 60 mo. |
5.50% |
| Used RVs (5th w/mtr home) 72 mo. |
5.50% |
| Used RVs (5th wh/ mtr home) 120 mo., (>$25K) |
5.75% |
| Used travel trailer (pull behind/ pop-up) 60 mo. |
6.25% |
| New ATV/ personal watercraft / off-road motorcycle, 36 mo. |
7.25% |
| Used ATV/ personal watercraft / off-road motorcycle, 36 mo. |
7.50% |
| Used auto, boat, RV, motorcycle, farm equip pledged as low as |
3.25% |
| Stock Secured Loans 80% or less of market value |
4.25% |
| Unsecured loan |
8.99% |
Effective July 23, 2020
Member credit score determines actual loan rate. Rates as low as:
Open End / Share Secured:
Visa Classic as low as 8.99%.
1.65% Share secured, variable rate. 1.0% margin over pledged account. If pledged account rate changes, loan rate will change accordingly. Certificate secured loans 1.0% over nominal rate.
2.15% Share secured, fixed rate, maximum term 5 years.
4.00% Home equity line of credit. Opening rate for first year, variable there-after. Loan floor is 4.00%. Index is 26-week T-bill with 4% margin rounded to nearest 1/4 of 1%. Maximum annual change rate is 2% and maximum over loan life is 6%.
** Loan amount $20K or greater, subject to credit and policy limitations.
Your savings federally insured to $250,000.00. National Credit Union Administration, a U. S. Government Agency
SHARE RATES
| Account Type | Nominal Rate | APY | Compound Method | Minimum |
|---|---|---|---|---|
| Regular Shares | .65% | .652% | Monthly | N/A |
| Regular IRA Shares | .90% | .904% | Monthly | N/A |
| 6 Month Certificate | .40% | .401% | Daily | $1,000 |
| 12 Month Certificate | .55% | .552% | Daily | $1,000 |
| 18 Month Certificate | .65% | .652% | Daily | $1,000 |
| 24 Month Certificate | .90% | .904% | Daily | $1,000 |
| 30 Month Certificate | 1.00% | 1.005% | Daily | $1,000 |
| 36 Month Certificate | 1.10% | 1.106% | Daily | $1,000 |
| 48 Month Certificate | 1.20% | 1.207% | Daily | $1,000 |
| 60 Month Certificate | 1.50% | 1.511% | Daily | $1,000 |
Effective July 23, 2020
All dividends are paid monthly on the last day of each month. Dividends on Certificates can be added to the Certificate, transferred to the regular share account, paid by check, or credited to your checking account by ACH transfer.
