Shares and Certificate Rates
Dividend Rate for the 1st Quarter Ending March 31, 2023. $25.00 Required Opening Deposit.
| Account Balance |
APR* |
APY** |
| $0.01 - $24.99 |
No dividends |
0.00% |
| $25.00 - $5,000.00 |
0.05% |
0.05% |
| $5,000.01 - $25,000.00 |
0.10% |
0.10% |
| $25,000.01 and over |
0.15% |
0.15% |
Holiday and Club Accounts
| Account Balance |
APR* |
APY** |
| $0.01 - $4.99 |
No dividends |
0.00% |
| $4.99 and over |
0.20% |
0.20% |
Money Market Accounts
| Account balance |
APR* |
APY** |
| $5,000 - $25,000.99 |
0.35% |
0.35% |
| $25,001.00 - $50,000.99 |
0.50% |
0.50% |
| $50,001.00 and over |
0.65% |
0.65% |
Share Certificates
| Term |
Balance |
APR* |
APY** |
| 6 month |
$500.00-$100,000.00 |
0.55% |
0.55% |
| 12 month |
$500.00-$100,000.00 |
0.75% |
0.75% |
| 24 month one time bump up |
$2,500.00-100,000.00 |
1.65% |
1.66% |
Kids Kickoff Special (21& under)(Rates Effective 03/01/2021)
$100 minimum deposit/$1,000 maximum deposit.
| Term |
APR* |
APY** |
| 6 month |
0.20% |
0.20% |
*APR = Annual Percentage Rate. **APY = Annual Percentage Yield. Dividends are calculated on the average daily balance and paid quarterly. 6 month Certificates – Dividends will be compounded and posted at maturity. 12 - 24 month Certificates – Dividends will be compounded and posted quarterly. A penalty may be imposed for early withdrawal. Unless otherwise noted, all Certificates will automatically renew at maturity for the same term at the interest rate in effect on the maturity date. **Bump up option.
Bump Up Option: During the term of your Bump Up Certificate, you are permitted
to make a one-time request to adjust your interest rate at your discretion. Your request
to adjust your interest rate is limited to the rate in effect for the same term certificate
at the time of your request. You must make such a request in writing. When you elect
to exercise the Bump Up Option, the new interest rate will be paid for the remaining
term of your account. A one-time interest rate increase will not extend the original
maturity date of your account. Interest rates are not tied to any index. They are
established at the discretion of Mt. Rainier Federal Credit Union’s Board of
Directors Mt Rainier Federal Credit Union has no way of predicting future rates.
Therefore, it is entirely at your discretion as to if and when you use this Bump Up
Option.
For example: if the rate on your Bump Up CD, at the time you opened the account is
1.25%, and the rate on that product rises to 2.00% at some point prior to maturity of
the account, you may request the interest rate on your account be increased to the then
current rate. If you choose to wait and the current rate for this product increases again
during the term of your account to 2.25%, you may request the interest rate on your
account be increased to the current rate at the time, based on the certificate term. You
may only exercise this option once during the term of your account. Rates quoted
above are examples ONLY. Call or stop in for current rates.
Loans Rates
Rates as of 1/12/24
New Vehicles (2021 - 2024)
| Term |
APR Range* |
| 0 - 36 months |
4.75% - 17.25% |
| 37 - 48 months |
5.50% - 17.99% |
| 49 - 60 months months |
6.00% - 17.99% |
| 61 - 72 months ($15,000 or higher) |
6.50% - 17.99% |
| 73 - 84 months ($30,000 or higher) |
7.00% - 17.99% |
| Up to 125% LTV/Mileage maximum: 150,000 |
Used Vehicles (2015 - 2020)
| Term |
APR Range* |
| 0 - 36 months |
5.35% - 17.85% |
| 37 - 48 months |
6.10% - 17.99% |
| 49 - 60 months months |
6.60% - 17.99% |
| 61 - 72 months ($15,000 or higher) |
7.10% - 17.99% |
| 73 - 84 months ($30,000 or higher) |
7.85% - 17.99% |
| Up to 100% LTV/Mileage maximum: 150,000 |
Classic Car
| Classic Car |
APR Range* |
| 0 - 60 months |
8.99% - 13.99% |
New / Used Motorcycles
| Term |
APR Range* |
| 0 - 60 months |
5.99% - 17.49% |
| 61 - 72 months ($15,000 or higher) |
6.49% - 17.75% |
| 73 - 84 months ($30,000 or higher) |
6.99% - 17.99% |
| Up to 10 model years (2014) |
New/Used RVs, TRVL, TRLS, Boats, Quads
| Term |
APR Range* |
| 0 - 60 months |
6.24% - 17.74% |
| 61 - 84 months ($15,000 or higher) |
6.74% - 17.99% |
| 85 - 144 months ($30,000 or higher) |
7.24% - 17.99% |
| Up to 12 model years (2012) |
Unsecured Loans / Signature / LOC
| Type |
APR Range* |
| Unsecured Loans / Signature / LOC |
9.49% - 17.99% |
| Overdraft line of credit loans |
9.49% - 17.99% |
Platinum Visa
Share Secured Loans
| Terms |
Rate |
| Up to 120 months |
Current dividend rate + 2.00% |
MRFCU may offer other rates or amend the rates disclosed from time to time. Contact the credit union for more information. Rate based on approved credit (OAC). * APR = Annual Percentage Rate.
Fee Schedule
| Share Draft Account Fees |
| NSF (Non sufficient funds) |
$30.00 / item |
| Returned deposit item |
$30.00 / item |
| Draft stop payment |
$10.00 / item |
| Automatic overdraft transfer |
$2.00 / item |
| Courtesy Pay Item |
$30.00 / item |
| Members will be charges a preferred rate for checks. |
|
| Electronic Funds Transfer (EFT) fees |
| Card replacement |
$10.00 |
| ACH NSF |
$30.00 / item |
| ACH stop payment fee |
$10.00 |
| Negative Bal Fee due to recurring debit |
$30.00 / item |
| Bill pay plus NSF |
$30 / Item |
| Other Service Fees |
| Incoming wire |
$5.00 |
| Wire transfer (outgoing) |
$36.00 / wire |
| Dormant account |
$5.00 / month (36 months of inactivity) |
| Credit Union check stop pay |
$35.00 / item |
| Statement reprint |
$10.00 / month |
| Transaction history |
1st page free ($1.00 per page after) |
| Bank checks |
1 free per day ($2.00 per additional check) |
| Early account closure |
$10.00 (closed w/ in 6 months of opening) |
| Non-member check cashing |
$5.00 |
| Loan Fees |
| Loan payment late fee |
$25.00 / loan (15 day grace period) |
| Loan add on fee |
$15.00 per add on |
| Overdraft loan transfer fee |
$2.00 / item (LOC add ons) |
| Membership |
| Minimum opening deposit |
$25.00 |
| A minimum opening deposit of $25.00 is required to open a share account at MRFCU and must remain on deposit to continue membership. |
Savings Calculator
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Loan Calculator
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