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)
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.