- Rates
- Loan Request & VISA Cards
- Home Loans
Please Click Here for Rate and Fee Disclosures (pdf)
| IRA Account | 2.00% | 2.02% APY* |
| Legacy Account Minimum Balance $500,000 |
1.25% | 1.26% APY* |
| Elite Account Minimum Balance $250,000 |
1.00% | 1.00% APY* |
| Prestige Account Minimum Balance $100,000 |
.85% | .85% APY* |
| Platinum Account Minimum Balance $50,000 |
.70% | .70% APY* |
| Diamond Account Minimum Balance $10,000 |
.60% | .60% APY* |
| Gold Account Minimum Balance $5,000 |
.40% | .40% APY* |
| Silver Account Minimum Balance $1,000 |
.30% | .30% APY* |
| Regular Savings & Club Accounts Minimum Balance to earn dividends is $200 |
.25% | .25%% APY* |
You must maintain a minimum daily balance in each account type each day to obtain the disclosed annual percentage yield. You will earn dividends for every day during the period that your account equals or exceeds the minimum daily balance requirement.
*APY - Annual Percentage Yield
Club Accounts can be for Christmas, Vacations, Insurance, Rainy Days, or any purpose you would like. Great for budgeting.
Worry Free Checking / Members Choice Checking Minimum Daily Balance $500 |
.10% | .10% APY* |
e.Rewards Checking* |
2.20% | 2.22% APY* |
* APY - Annual Percentage Yield
+The divident rate for your account will be based on the monthly requirements for this account. Monthly requirements are performing 10 check card transactions, receiving electronic statements, accessing XpressLink Online Banking, and one direct deposit. If requirements are not met per month, your account will still function as a free checking acount earning the Worry Free Checking account rate; and will not receive ATM refunds for that time period. Dividends will be compounded monthly and will be credited to your account monthly. The e.Reward account will pay the higher rate on each qualifying account on amounts up to $50,000. An APY of 0.50% will be paid on the remaining balance of each qualifying account. Accounts that do not qualify in a period will continue to earn a rate of .20% for that period.
At our discretion, we may change the dividend rate on any account at any time
Autos, Classic Cars, Boats, Motorcycles, Motor Homes, RV |
|
12-24 Months |
5.00% APR* |
25-36 Months |
5.25% APR* |
37-48 Months |
5.50% APR* |
49-60 Months |
5.75% APR* |
61-72 Months |
6.00% APR* |
73-84 Months |
6.25% APR* |
85-144 Months - Over $30k |
6.50% APR* |
Points Added for High Loan to Value |
|
LTV 101-110% |
+.50% APR* |
LTV 111-120% |
+1.00% APR* |
LTV 121% & over |
+1.50% APR* |
Discounts Deducted for the following: |
|
LTV below 80% w/Cash Down Payment on purchase |
-.50% APR* |
LTV 80-90% w/Cash Down Payment on purchase |
-.25% APR* |
Auto Transfer of Payment |
-.25% APR* |
*APR - Annual Percentage Rates
Rates are based on your credit bureau scoreAll rates are quoted "as low as"
The rates listed above are offered to members who have excellent credit and sufficient income to meet the payment. Rates increase if there have been previous credit problems.
Talk to an associate for complete details.
Unsecured Signature Loans |
9.95% APR* |
Unsecured Home Improvement Loans |
9.99% APR* |
Share Secured Loans - 12 to 60 months |
5.00% APR* |
Share Secured Loans - 60 to 120 months |
6.00% APR* |
*APR - Annual Percentage Rates
Rates are based on your credit bureau score.
All rates are quoted "as low as"
The rates listed above are offered to members who have excellent credit and sufficient income to meet the payment. Rates increase if there have been previous credit problems.
HOME EQUITY - Loan to Value up to 80% |
|
1-5 years |
4.99% APR* |
6-10 Years |
6.00% APR* |
11-15 Years |
7.00% APR* |
HOME EQUITY - Loan to Value from 81% to 90% |
|
1-5 Years |
6.00% APR |
6-10 Years |
7.00% APR* |
11-15 Years |
8.00% APR* |
HOME EQUITY - Loan to Value from 91% to 100% |
|
1-5 Years |
7.00% APR* |
6-10 Years |
8.00% APR* |
11-15 Years |
9.00% APR* |
HOME EQUITY LINE OF CREDIT |
|
Line of Credit |
5.75% APR* |
*APR - Annual Percentage
Rates
Based on Prime Rate-Adjusts Quarterly
Rates are based on your credit bureau score.
All rates are quoted "as low as"
The rates listed above are offered to members who have excellent credit and sufficient income to meet the payment. Rates increase if there have been previous credit problems.
VISA CARD TYPE |
Platinum |
Annual Percentage Rate |
9.90% APR* |
Other APR Balance Transfter Cash Adv. |
9.90% APR* |
Late Payment Penalty APR^ |
17.90% APR* |
Method of Computing Balance for Purchases |
Avg / Daily Balance |
Grace Period for Repayment of Purchases |
25 Days |
Late Fee |
$20.00 |
Over Limit Fee |
None |
Annual Member Fee |
None |
*APR - Annual Percentage Rates
*As Low As 9.90%.
The Platinum Card rate is determined by your credit bureau score and may be 9.90%-14.90%-15.90%-17.90% APR.
^If payment is received thirty (30) days late, the APR will adjust to 17.90% on the entire balance
The exact Daily Periodic rate and Annual Percentage Rate is based on a credit score which we obtain from our credit reporting services, your income and ability to make payments. The Daily Periodic Rate and Annual Percentage Rate applicable will be sent to you in your approval letter.
CD RATES - $1,000+ |
||
TERM |
DIVIDEND RATE | ANNUAL PERCENTAGE YIELD (APY) |
1 Year |
.40% | .40% APY |
2 Year |
.50% | .50% APY |
3 Year |
.75% | .75% APY |
4 Year |
1.00% | 1.00% APY | Flexible Term $5,000+ |
.74% | .74% APY |
Save To Win!Promotion Raffle CD^ |
0.75% | 0.75% APY |
Term Share Accounts (Certificates)
* Minimum Balance to Open: $1,000
* Dividends paid quarterly (Mar 31, Jun 30, Sep 30, Dec 31)
* Dividends compounded quarterly
* Dividend Period: Three (3) months
^ Click for full Save To Win Raffle Promotion details and rules.
Visa Account Disclosure - Click Here
Availability
Prepaid Visa Cards available at any branch location
Cost: $3.00 per card
Funding Value: $10-$500 (not re-loadable)
Activation
Cards are activated 48 hours from date of purchase
Click here to activate your card
Usage
Use anywhere Visa is accepted
Cards cannot be used at the following locations:
ATM/PIN transaction
Gas (Pay at the Pump)
Car Rental
Hotel
Customer Service
866-264-2094 (report lost/stolen cards, activation, account information)
Internet Access: https://www.consumercardaccess.com/main/cugift2/Home
Lost/Stolen Replacement
$10 replacement fee to be deducted from the balance on the card
Call customer service phone number to block card
Replacement card issued at any ELGA Credit Union branch location
Monthly Maintenance Fee
$3.00 monthly fee assessed after 6 months
All sales are FINAL!
| Credit Card | Debit Card |
| Lost or Stolen Credit Card 800-237-6211 |
Lost or Stolen Debit Card 800-264-5578 |
| Customer Service 800-237-6211 |
Customer Service |
| Card Activation 800-543-5073 |
Card Activation via PIN at any ATM |
| PIN Change 866-297-3408 |
PIN Change 800-448-8268* *PIN can be changed at any ELGA ATM machine |
| Fraud Watch (falcon) 800-437-9392 |
Fraud Watch 866-842-5208 |
Applying for a Business VISA has never been as quick and easy as it is with ELGA Credit Union.
APPLICATION INSTRUCTIONS:
- Complete the application
- Complete and sign the Personal Financial Statement on page 2 for each owner or principal of the business.
- Provide signed copies of the last business financial statements and Federal tax returns.
- Provide a copy of your most recent business deposit account bank statement.
- Provide a copy of your Articles of Incorporation, Partnership Agreement or Assumed Name papers.
- Provide proof of Tax ID Number.
- Return the required information to your nearest ELGA branch office and we will promptly process your Business VISA application
Call your personal service staff member at 810-600-2529
Your
Rewards Catalog
Earn Top Quality Rewards For All Your ScoreCard Purchases
Every time you use your ScoreCard, you earn more Bonus Points - and more Points means more rewards! Redeem your Bonus Points for the brand-name merchandise found on the ScoreCard Website.
Treat yourself to something special or redeem your Bonus Points his and her gifts. They're your points - and your rewards. You've earned them with ScoreCard!
You can redeem Bonus Points any time, or save them to earn higher value awards. The greater your Bonus Points total, the greater the value of the reward. Check the website often - we're always adding new brand-name merchandise!
And remember, Bonus Points earn Travel Rewards too! Explore your travel options online and find out what's available and how many Bonus Points you need for that special travel opportunity. When you're ready to make your reservations, call the ScoreCard Travel Center at 1-800-842-3006.
With ScoreCard you've earned your Bonus Points!
So start "shopping" today and enjoy your rewards!
Applying for a Business Loan has never been as quick and easy as it is with ELGA. We can tailor a loan just for you. Let us provide you with the funding you need to meet your business and financial goals - fast!
Business Loan ApplicationAPPLICATION INSTRUCTIONS:
- Complete the Business Loan application
- Complete and sign the Personal Financial Statement on page 2 for each owner of the business. If
additional copies are needed, make copies. - Provide signed copies of the last three year's business financial statements and Federal tax returns.
- Provide a current financial statement dated within sixty (60) days of the application.
- Provide a copy of your most recent business account bank statement.
- Provide signed copies of last yearÕs tax return for each owner of the business.
- For an equipment or vehicle loan, provide a signed copy of the purchase agreement or current vehicle
registration. - For a line-of-credit application, attach the most recent accounts receivable and accounts payable aging.
- Return the required information to your nearest ELGA office and we will promptly process your application.
PLEASE DO NOT submit any original copies. Any information submitted to ELGA becomes the property of ELGA and will not be returned.
IMPORTANT INFORMATION
ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account. What this means to you: When you open an account, we will ask for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
All applications completed on ELGA's website are
secured all the way to the loan officer.
Applications are at no point transmitted over the Internet unsecured.
IMPORTANT INFORMATION
ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account. What this means to you: When you open an account, we will ask for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
Before you buy a new home...
Before you refinance your home...
Talk to us first.
You'll be glad you did.
When you're shopping for a mortgage, whether it's to finance a new home or to refinance your present home, your first concerns are probably going to be interest rates and points.
Which is good, it means you're a smart consumer of financial services.
But, keep in mind that home mortgages are in many ways like any other service. While cost is an important consideration, it shouldn't be the only one.
That's why credit union home mortgages are not only competitive when it comes to interest rates and points, but also offer much, much more.
Credit Unions are unique.
Unlike other financial institutions, credit unions are member owned. That makes you, as a credit union member, a very important part of the credit union system. And, that's what enables us to offer our special member friendly home loan program. A home loan program designed to meet your needs.
Our member friendly Home Loan Program offers:
- Competitive interest rates and points.
- Funds available for your home loan.
- Interest paid on escrows held for payment of taxes and insurance.
- Easy loan payments through direct deposit to your share account.
- Simple, easy, member prequalification.
- Knowledgeable, friendly credit union people you know and trust to help you through the loan process.
- Reasonable limits on interest rate adjustments to ARM loans.
- No penalty for paying off your loan ahead of schedule.
- Loan servicing kept within the credit union system.
- Full disclosure of all terms and conditions.
Our member friendly Home Loan Program has the home loan that's right for you.
Whether you want to purchase a new home or refinance your existing home. A fixed or adjustable rate mortgage. Or a balloon mortgage to help you keep your monthly payments down. Whatever your home mortgage needs, we have the right home loan for you. All with convenient terms from 10 years to 30 years. (30 year terms are secondary market loans) That means monthly payments that meet your budget.
Talk to us first at 810-715-3542.
So, when you need a home loan, or if you'd just like to know more about member friendly home loans, talk to our home loan representative. You'll be glad you did. And that's a promise!
Finacial Tools
Mortgage Calculators
|
Plain & Simple
Commercial
Full Line of
Providing a full range of
Merchant Services
Online Banking
|
Applying for a Business VISA has never been as quick and easy as it is with ELGA Credit Union.
APPLICATION INSTRUCTIONS:
- Complete the application
- Complete and sign the Personal Financial Statement on page 2 for each owner or principal of the business.
- Provide signed copies of the last business financial statements and Federal tax returns.
- Provide a copy of your most recent business deposit account bank statement.
- Provide a copy of your Articles of Incorporation, Partnership Agreement or Assumed Name papers.
- Provide proof of Tax ID Number.
- Return the required information to your nearest ELGA branch office and we will promptly process your Business VISA application
Call your personal service staff member at 810-600-2529
Your Rewards Catalog
Earn Top Quality Rewards For All Your ScoreCard Purchases
Every time you use your ScoreCard, you earn more Bonus Points - and more Points means more rewards! Redeem your Bonus Points for the brand-name merchandise found on the ScoreCard Website.
Treat yourself to something special or redeem your Bonus Points his and her gifts. They're your points - and your rewards. You've earned them with ScoreCard!
You can redeem Bonus Points any time, or save them to earn higher value awards. The greater your Bonus Points total, the greater the value of the reward. Check the website often - we're always adding new brand-name merchandise!
And remember, Bonus Points earn Travel Rewards too! Explore your travel options online and find out what's available and how many Bonus Points you need for that special travel opportunity. When you're ready to make your reservations, call the ScoreCard Travel Center at 1-800-842-3006.
With ScoreCard you've earned your Bonus Points!
So start "shopping" today and enjoy your rewards!
Applying for a Business Loan has never been as quick and easy as it is with ELGA. We can tailor a loan just for you. Let us provide you with the funding you need to meet your business and financial goals - fast!
APPLICATION INSTRUCTIONS:
- Complete the Business Loan application
- Complete and sign the Personal Financial Statement on page 2 for each owner of the business. If
additional copies are needed, make copies. - Provide signed copies of the last three year's business financial statements and Federal tax returns.
- Provide a current financial statement dated within sixty (60) days of the application.
- Provide a copy of your most recent business account bank statement.
- Provide signed copies of last yearÕs tax return for each owner of the business.
- For an equipment or vehicle loan, provide a signed copy of the purchase agreement or current vehicle
registration. - For a line-of-credit application, attach the most recent accounts receivable and accounts payable aging.
- Return the required information to your nearest ELGA office and we will promptly process your application.
PLEASE DO NOT submit any original copies. Any information submitted to ELGA becomes the property of ELGA and will not be returned.
IMPORTANT INFORMATION
ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account. What this means to you: When you open an account, we will ask for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
Click on topic to expand for additional information.
