Rates | Michigan Credit Union Loan Rates | Deposit Rates

We're committed to helping you earn more and pay less.

We hope the money you save on loan payments and make on deposits helps you make significant steps toward financial success. EMUCU works hard to keep loan rates reasonable and dividend rates as high as possible.

Auto Loans

Effective Date: Sunday, March 1st, 2020

Applicable for new purchases and refinancing from other institutions. New and used vehicle rates are the same. Specific rates determined by credit history and the loan term.

Term	APR*
Up to 36 Months	1.99% - 10.99%
37-48 Months	1.99% - 10.99%
49-60 Months	1.99% - 10.99%
61-72 Months	2.49% - 11.99%
73-84 Months	2.99% - 13.24%

Home Loan Rates

Effective Date: Wednesday, April 1st, 2020
For mortgages, click here.

Term	APR*
Home Equity Line of Credit	3.50% - 9.50% Adjustable

Other Loans

Effective Date: Wednesday, April 1st, 2020

Term	APR*	Rate Type
My Choice Loan	9.75% - 15.75%	fixed
Line-of-Credit	13.24% - 17.24%	adjustable
Revolving Student Loan	5.50% - 12.50%	adjustable
Build My Credit Loan	9.90%	fixed
Certificate Secured Loan	2.00% + Current Certificate rate	fixed
RV-Motorcycle, Jet Ski, Snowmobile, ATV	3.99% - 16.25%	fixed
Motor Home, Boat, Travel Trailer	5.49% - 18.74%	fixed

Effective Date: Monday, January 7th, 2019

Annual Percentage Rate (APR) for Purchases	APR for Balance Transfers	APR for Cash Advances
Visa Platinum OptimUM
8.99% Non-variable	8.99% Non-variable	8.99% Non-variable
Visa Platinum Cash Rewards
12.99% Non-variable	12.99% Non-variable	12.99% Non-variable

Effective Date: Monday, January 7th, 2019

Term	Interest Rate	APY*
Interest Checking
$2,000-$4,999.99	0.05%	0.05%
$5,000 - $9,999.99	0.06%	0.06%
$10,000 - $24,999.99	0.07%	0.07%
$25,000+	0.08%	0.08%

Term	Interest Rate	APY*
Advantage Business Checking
$2,000 - $4,999.99	0.05%	0.05%
$5,000 - $9,999.99	0.06%	0.06%
$10,000 - $24,999.99	0.07%	0.07%
$25,000+	0.08%	0.08%

Effective Date: Friday, March 1st, 2019

Tier	Min. Balance to Open	Interest Rate	APY*
Share Savings
	$5 deposit	0.05%	0.05%
Business Share Savings
	$5 deposit	0.05%	0.05%
Money Market Savings
$2,000 - $4,999.99	N/A	0.10%	0.10%
$5,000 - $9,999.99	N/A	0.15%	0.15%
$10,000 - $24,999.99	N/A	0.20%	0.20%
$25,000+	N/A	0.35%	0.35%
Business Money Market Savings
$2,000 - $4,999.99	N/A	0.05%	0.05%
$5,000 - $9,999.99	N/A	0.10%	0.10%
$10,000 - $24,999.99	N/A	0.15%	0.15%
$25,000 +	N/A	0.20%	0.20%
Little League
	$5 deposit	0.05%	0.05%
Minor League
	$5 deposit	0.05%	0.05%
Major League
	$5 deposit	0.05%	0.05%
Holiday Savings
	N/A	0.05%	0.05%

Effective Date: Monday, July 1st, 2019

Term	Interest Rate	APY*
Certificate $500 minimum deposit
6 Month	0.65%	0.65%
12 Month	0.90%	0.90%
24 Month	1.15%	1.16%
36 Month	1.20%	1.21%
48 Month	1.35%	1.36%
60 Month	1.50%	1.51%
Certificate $10,000 minimum deposit
6 Month	0.75%	0.75%
12 Month	1.00%	1.00%
24 Month	1.25%	1.26%
36 Month	1.30%	1.31%
48 Month	1.50%	1.51%
60 Month	1.70%	1.71%
Certificate $100,000 minimum deposit
6 Month	0.85%	0.85%
12 Month	1.10%	1.10%
24 Month	1.35%	1.36%
36 Month	1.40%	1.41%
48 Month	1.60%	1.61%
60 Month	1.80%	1.81%
IRA $500 minimum deposit
6 Month	0.65%	0.65%
12 month	0.90%	0.90%
24 Month	1.15%	1.16%
36 Month	1.20%	1.21%
48 Month	1.35%	1.36%
60 Month	1.50%	1.51%
IRA $10,000 minimum deposit
6 Month	0.75%	0.75%
12 Month	1.00%	1.00%
24 Month	1.25%	1.26%
36 Month	1.30%	1.31%
48 Month	1.50%	1.51%
60 Month	1.70%	1.71%
IRA $100,000 minimum deposit
6 Month	0.85%	0.85%
12 Month	1.10%	1.10%
24 Month	1.35%	1.36%
36 Month	1.40%	1.41%
48 Month	1.60%	1.61%
60 Month	1.80%	1.81%

Checking Accounts
Account/Activity	Fee
Basic Checking	No monthly fee
Interest Checking Monthly Maintenance (no monthly maintenance fee with a minimum daily balance of $500)	$8.00
Courtesy Pay	$30.00
Non-Sufficient Funds (each time check or preauthorized withdrawal is presented)	$30.00
Overdraft Protection (preauthorized transfers from savings, checking, Visa or Line of Credit)	$2.00
Stop payment (per stop requested) Please note that a stop payment made using TellerPhone (telephone teller) or online banking is valid for two weeks. Before the two-week expiration date, you will receive a form from the credit union that you can use to authorize an extension of the stop payment. You need to sign the form and return it to EMUCU.	$30.00
Temporary Checks (4)	$2.00

Visa & ATM Fees
Account/Activity	Fee
(Visa Check (Debit), Visa Gold (Home Equity), Visa Credit Cards)
Replacement Card	$5.00
Non-EMUCU/ Non-CO-OP Network ATM Transaction (Fee waived for 4 transactions per month for accounts in good standing. All transactions free for CU+ accounts in good standing. Additional surcharge fees charged by non-EMUCU owners may apply.)	$2.00
Foreign Transaction (transaction in foreign currency or with foreign merchant)	1%
Visa Credit Late Payment	up to $35.00
Visa Gold Late Payment	$28.00
Expedited Phone Loan Payment	$10.00
Sales Draft Copy	$10.00

Foreign Items
Account/Activity	Fee
Foreign Currency Deposit	$15.00
Foreign Currency Sales (plus applicable shipping fee)	$8.00
Foreign Item Deposit (plus applicable collection fees)	up to $20.00

Loan Fees
Account/Activity	Fee
Expedited Phone Loan Payment	$10.00
Late Loan Payment	$25.00
Lien Verification (per month after 45 days)	$75.00
Loan Payment Returned	$30.00
Refinance of EMUCU Loan	$75.00

Wire Transfers
Account/Activity	Fee
Incoming Wire	$10.00
Domestic Outgoing Wire	$25.00
International Outgoing Wire	$45.00

ACH Fees
Account/Activity	Fee
ACH Non-Sufficient Funds	$30.00
ACH Overdraft Transfer	$2.00
ACH Stop Payment	$30.00

Credit Card Fees
Account/Activity	Fee
Annual Fee	None
Balance Transfer	No charge
Cash Advance	No charge
Foreign Transaction	1% of each transaction amount in U.S. dollars
Non-EMUCU/Non-CO-OP Network ATM Transaction	$2.00
Overdraft Protection	$2.00
Late Payment	Up to $35.00
Over-the-Credit Limit	None
Replacement Card	$5.00 for each card
Sales Draft Copy	$10.00
Statement Copy	$5.00
Account Research	$30.00 per hour
Expedited Phone Payment	$10.00

Miscellaneous
Account/Activity	Fee
Inactivity Fee (waived if aggregate balance is over $100 and / or activity on any share or loan on the account within the last 6 months)	$5.00 per month
Account Closing (if closed within first 90 days)	$10.00
Account Research	$30.00
Bill Pay Expedited Payment	$9.95
Cashier's Check	$4.00
Coin Orders	$1 per $100 over $1,000
Currency Orders	$0.10 per $100 over $5,000
Deposit Item Returned	$12.00 per item
Document / Item Copies (Account History, Statement, Checks)	$5.00
Garnishment/ Levy	$75.00
Holiday Savings Withdrawal (excludes transfer on November 1)	$5.00
Money Market Monthly Maintenance (no monthly maintenance fee with a minimum daily balance of $500)	$5.00
Non-Member Notary Fee	$10.00
Paper Statement	$1.00 monthly
Pre-Escheats	$50.00
Signature Guarantee Service	$5.00
Stop Payment (per stop requested)	$30.00
Visa Gift Card	$5.95

APR = Annual Percentage Rate
APY = Annual Percentage Yield

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