SAVINGS

Savings accounts at Pocono Medical Center Federal Credit Union earn dividends (return of investments paid directly to you the members) and are paid on the last day of each quarter.


Dividends are determined by the Board of Directors each quarter after the necessary operating expenses are paid and the legal reserves set up.  There is no set or fixed rate, as it is dependent on the earnings.  The Board of Directors also take into account the interest rates at local financial institutions when analyzing the dividend rate each quarter. 


 

CURRENT SAVINGS DIVIDEND RATES PAID 12/31/2018


         Regular Shares –
                  (based on average daily balance during quarter)


           Balance         $100.00+                                           0.25% A.P.R.*


         Club Accounts                                                           0.25% A.P.R.*

             (Tax, Vacation, Insurance, Miscellaneous)


         Christmas         2019                                                 0.35% A.P.R.*
                       (posted annually Sept 30)




 

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LOANS

 SHARE SECURED LOANS:                     

                                                                  Length of loan                                Rate                  

                                                          Up to 60 months                                 1.99% A.P.R.*       


 SIGNATURE LOANS:                    Length of loan                                 Rate                                  

                                                          12 months                                              8.50%A.P.R.*                

                                                          13-24 months                                        9.50% A.P.R.*                

                                                          25-48 months                                        12.00% A.P.R.*                  


NEW AUTO LOANS          We finance up to 100% of the vehicle sticker price. 

                  

                                                       Length of Loan                                           Rate                    

                                                        Up to 60 months                                       3.25% A.P.R.*

                                                         72   months                                               4.00% A.P.R.*     


 USED AUTO LOANS - We finance up to 90% of the NADA Book Value    

                   

                                 Age of Vehicle           A.P.R.%                    Length of Loan                     

                                 4 YR or newer             5.50%*                          Up to 60 months                  

                                 5 YR                              6.00%*                          Up to 48 months                  

                                 6 YR                              7.00%*                          Up to 36 months                 

                                 7 YR                              8.00%*                          Up to 36 months              


While you are doing your comparison shopping for a new vehicle, be sure to take a look at the 2019 fuel economy guide provided by U.S. Department of Energy at www.fueleconomy.gov          


*Rates are subject to change without notice: contact the office for current rates.

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