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: July 1, 2025

New and used vehicle rates are the same. Actual APR determined by credit history, approved loan amount, loan term and collateral.

Term	APR*
Up to 36 Months	5.74% - 14.59%
37-48 Months	5.74% - 14.59%
49-60 Months	5.74% - 14.59%
61-72 Months	5.74% - 15.59%
73-84 Months	6.74% - 16.84%

Payment example: The monthly payment per $1,000 borrowed at 8.99% APR for a term of five years would require 60 payments of $20.76 (per $1,000).

Home Loan Rates

Effective Date: January 1, 2025
For mortgages, click here.

Term	APR*
Home Equity Line of Credit	7.50% - 13.75% Adjustable

Other Loans

Effective Date: February 1, 2025

Term	APR*	Rate Type
My Choice Loan*	9.75% - 15.75%	fixed
Line-of-Credit*	17.49% - 21.49%	adjustable
Revolving Student Loan*	9.75% - 16.75%	adjustable
Build My Credit Loan	9.90%	fixed
Certificate Secured Loan	2.00% + Current Certificate rate	fixed
RV-Motorcycle, Jet Ski, Snowmobile, ATV*	7.24% - 16.74%	fixed
Motor Home, Boat, Travel Trailer*	7.50% - 20.75%	fixed
Technology Loan	4.99%	fixed
Home Improvement Loan*	9.75% - 16.25%	fixed

Loan approval dependent upon credit history.
*Actual APR determined by credit history, approved loan amount and loan term.
Payment example: The monthly payment per $1,000 borrowed at 13.75% APR for a term of four years would require 48 payments of $27.22 (per $1,000).

Effective Date: April 8, 2024

Visa Platinum Optimum and Cash Rewards Disclosure

Annual Percentage Rate (APR) for Purchases	APR for Balance Transfers	APR for Cash Advances
Visa Platinum OptimUM
8.99-14.99% Non-variable	8.99-14.99% Non-variable	8.99-14.99% Non-variable
Visa Platinum Cash Rewards
12.99-18.99% Non-variable	12.99-18.99% Non-variable	12.99-18.99% Non-variable

Effective Date: April 8, 2024
Variable rate account. Rate may change after account is opened.

Term	Interest Rate	APY*
Interest Checking
$2,000-$4,999.99	0.15%	0.15%
$5,000 - $9,999.99	0.16%	0.16%
$10,000 - $24,999.99	0.20%	0.20%
$25,000+	0.30%	0.30%

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	0.10%	0.10%
$25,000+	0.20%	0.20%

Effective Date: March 24, 2025
Variable rate account. Rate may change after account is opened.

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	0.45%	0.45%
$5,000 - $9,999.99	N/A	0.45%	0.45%
$10,000 - $24,999.99	N/A	0.75%	0.75%
$25,000+	N/A	1.05%	1.06%
Business Money Market Savings
$2,000 - $4,999.99	N/A	0.45%	0.45%
$5,000 - $9,999.99	N/A	0.45%	0.45%
$10,000 - $24,999.99	N/A	0.75%	0.75%
$25,000 +	N/A	1.05%	1.06%
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: August 19, 2024
A penalty may be imposed for early withdrawal.

Term	Interest Rate	APY*
Certificate $500 minimum deposit
6 Month	2.60%	2.63%
12 Month	3.50%	3.56%
24 Month	2.66%	2.69%
36 Month	2.70%	2.73%
48 Month	2.70%	2.73%
60 Month	2.70%	2.73%
Certificate $10,000 minimum deposit
6 Month	2.70%	2.73%
12 Month	3.60%	3.66%
24 Month	2.76%	2.79%
36 Month	2.80%	2.83%
48 Month	2.80%	2.83%
60 Month	2.80%	2.83%
Certificate $100,000 minimum deposit
6 Month	2.80%	2.84%
12 Month	3.75%	3.82%
24 Month	2.86%	2.90%
36 Month	2.90%	2.94%
48 Month	2.90%	2.94%
60 Month	2.90%	2.94%
IRA $500 minimum deposit
6 Month	2.51%	2.54%
12 month	3.58%	3.64%
24 Month	2.66%	2.69%
36 Month	2.70%	2.73%
48 Month	2.70%	2.73%
60 Month	2.70%	2.73%
IRA $10,000 minimum deposit
6 Month	2.61%	2.64%
12 Month	3.68%	3.74%
24 Month	2.76%	2.79%
36 Month	2.80%	2.83%
48 Month	2.80%	2.83%
60 Month	2.80%	2.83%
IRA $100,000 minimum deposit
6 Month	2.71%	2.74%
12 Month	3.78%	3.85%
24 Month	2.86%	2.90%
36 Month	2.90%	2.94%
48 Month	2.90%	2.94%
60 Month	2.90%	2.94%

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
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

Overdraft Fees
Account/Activity	Fee
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

*Please refer to your Membership and Account Agreement for more information on how NSF/Insufficient Funds fees and Courtesy Pay Fees are charged.

Visa Debit Card & ATM Fees
Account/Activity	Fee
Replacement Card	$7.50
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 ATM owners may apply.)	$2.00
Foreign Transaction (transaction in foreign currency or with a merchant located in a foreign country)	1% of the transaction amount after it is converted to US dollars
Sales Draft Copy	$10.00

Foreign Items
Account/Activity	Fee
Foreign Item Deposit (plus applicable collection fees)	up to $20.00

Loan Fees
Account/Activity	Fee
Late Loan Payment	Refer to your loan contract for late fee amount
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

Credit Card Fees
Account/Activity	Fee
Annual Fee	None
Balance Transfer	No charge (interest begins accruing immediately)
Cash Advance	No charge (interest beings accruing immediately)
Foreign Transaction (transaction in foreign currency or with a merchant located in a foreign country)	1% of the transaction amount after it is converted to US dollars
Non-EMUCU/Non-CO-OP Network ATM Transaction	No Fee (additional surcharge fees charged by non-EMUCU ATM owners may apply.)
Overdraft Protection	$2.00 per transfer to your Checking or Savings account
Late Payment	Up to $35.00
Over-the-Credit Limit	None
Replacement Card	$7.50 for each card
Sales Draft Copy	$10.00
Statement Copy	$5.00
Account Research	$30.00 per hour

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 per hour
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	$3.00 monthly
Pre-Escheats	$100.00
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
Fees may reduce the earnings on the Interest Checking Account.

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