PERSONAL COMMERCIAL ABOUT Open Search 281-566-8000 PAY YOUR LOANS ONLINE ACCESS CONTACT US BECOME A MEMBER FEE SCHEDULE GENERAL FEES Effective Date: January 01, 2021 FEE DESCRIPTION FEE Membership Application fee: (non-refundable) $10.00 Transfer Fee, Per Item (Share to share draft transfer, for clear incoming item) $5.00 Cashier’s Check Fee, per check: 1 check free per month; additional checks at $5.00 Wire Fees (Outgoing) $25.00 Wire Fees (Incoming) $10.00 Return Check Fee (NSF)/ACH Return Fee $20.00 Stop Payment Fee $10.00 Personal Account Statement Copy (Per Quarter) $3.00 Business Account Statement Copy $3.00 Account History Copy (Per year) $2.00 Deposit/Paid Check Copy $2.00 Other Document Copy $3.00 1 year & Older Research, Per Hour $50.00 Returned Mail, Per Item (for certified with Returned) $10.00 Certified Mail $7.50 Mail Out Letter per Item**** $1.00 Overdraft Fee $35.00 for the first 3 business days; afterwards $35.00 per day Levy/Garnishment $50.00 Outgoing IRA Transfer/Rollover $45.00 IRA Account Maintenance Fee per year $10.00 Administrative Fees $25.00 Per Hour Dormant Account Fees Per month $3.00 Personal LOC, Annual Fees $120.00 Share Secured Personal Line of Credit, Annual Fees $120.00 Business Line of Credit, Annual Fee $100.00 Monthly Statement Fees (If not signed up for E-Statements per month) $2.00 Loan Application Submission Fee (Refundable upon loan disbursement) $25.00 Uncollected Loan Fees $100.00 Temporary Checks per Page $3.00 Letter of Credit (Annually) 1.00% Return Check Duplicate Copy (Per check) $1.00 Bank Certificate $3.00 Overnight Delivery Fee $25.00 Minimum Balance Monthly Fee (Share Savings) $5.00 Teller Check Fee (Share Draft Account) $3.00 SAFE DEPOSIT RENTAL FEE YEARLY DEPOSIT BOX SIZE FEE Size 5″ x 5″ $30.00 Size 3″ x 10″ $40.00 Size 5″ x 10″ $60.00 Size 10″ x 10″ $100.00 Key Deposit $30.00 Replace lost or stolen safe deposit keys $125.00 LOANS FEE DESCRIPTION FEE Duplicate Loan Papers (current loans) $25.00 Duplicate Loan Papers (old loans within 7 years) $50.00 Loan Payment Late Fee $25.00*** Residential Loan Payment Late Fee 5.000% Business Loan Payment Late Fee $50.00*** (Late fee amount should not exceed 5% of the payment amount or $50.00 whichever is lower) LOAN PROCESSING FEES LOAN TYPE FEE Unsecured Loan up to $100,000 $100.00 Unsecured Loan from $100,001 to $150,000 $150.00 Personal Line of Credit $120.00 Share Secured Personal Line of Credit $100.00 Auto Loans No Fee Equipment Loan $200.00 Business Security Loan $100.00 Business Line of Credit $100.00 Education Loan No Fee Uncollected Loan Processing Fee $100.00 MEMBER BUSINESS LOAN/CREL – LOAN PROCESSING FEE (NON-REFUNDABLE) LOAN DESCRIPTION FEE Loan up to $150,000 $600.00 Between $150,001 to $500,000 $1,100.00 Above $500,001 $1,500.00 Member Business & Real Estate Loan Fee 1% of Loan amount with floor of Loans up to $150k with minimum of $1,500.00 Loans above $150k with minimum of $2,500.00 (If Loan approved the above processing fee will be adjusted with the loan fee) LOAN INTEREST RATE SCHEDULE LOAN TYPE RATES Preferred Loan Unsecured from $5,000 to $49,900 5.99%** Premium Loan Unsecured from $50,000 to $100,000 5.99%** Prime Loan Unsecured up to $150,000 5.99%** Personal Line of Credit up to $100,000 5.99%** Business Line of Credit up to $49,900 5.99%** Line of Credit Default Interest Rate 12.00%** Emergency Loan up to $5,000 7.99%** Education Loan 4.99%** Share Secured loan (Savings) / Share Secured Personal Line of Credit (Savings) Loan up to Any Amount (Last Div + 2% (Floor of 4.50% Interest rate or whichever is higher) 4.50%** Semi Share Secured Loan, Rates Starting at Up to $100,000 5.99%** Secured Loan against Share Draft (Last Div+2%) 2.25%** Gold Master Card 12.95%** Business Security Cabin / Booth/Security System loan up to $15,000 4.99%** Equipment Loan up to $49,000 4.99%** Member Business Loan (MBL) up to $150,000 – Fixed Rate (Whichever is higher) 9.99%** Member Business Loan (MBL) up to $150,000 – Variable Rate (Whichever is higher) 6.99% or Prime + 2.00%** (Furniture, Fixtures and Equipment’s, UCC filed) AUTO LOAN INTEREST RATE SCHEDULE LOAN TYPE RATES STARTING AT RATES New Auto, up to 6 years Term Up to 36 Months 1.79%** Up to 72 Months 2.49%** Used Auto, up to 6 years Term Up to 36 Months 2.49%** Up to 72 Months 2.99%** (New Auto/Used Auto rates are for limited time only) REAL ESTATE INTEREST RATE SCHEDULE LOAN TYPE TERM RATES Commercial Real Estate Loan (CREL) Single borrower up to $1,500,000 Multiple borrowers up to $2,650,000 Fixed Rate for 5 Years Prime + 0.75% then Prime +1.00% Fixed Rate for 10 Years Prime + 1.50% then Prime +1.00% Variable Rate Prime + 1.00%** (Property Lien, UCC filed & CREL Loan amortized for 25 Years but repayment in 15 years) LOAN TYPE LIEN UP TO RATES Residential Real Estate Loan 1st Lien up to $548,250 (for rates contact CU) 2nd Lien up to $50,000 (for rates contact CU) Home Mortgage Jumbo Loans 1st Lien up to $2,500,000 (for rates contact CU) Home Equity Loan 1st Lien up to $1,500,000 (for rates contact CU) 2nd Lien up to $300,000 (for rates contact CU) LOAN TYPE TERM RATES Home Mortgage Refinance Loan Program Fixed Rate for 7 Years (for rates contact CU) Fixed Rate for 10 Years (for rates contact CU) Fixed Rate for 15 Years (for rates contact CU) Residential Owner-Occupied Land / Lot Loans Fixed Rate for 10 Years 4.50%** Fixed Rate for 15 Years 5.00%** NEW ACCOUNTS (TO OPEN & MAINTAIN) ACCOUNT TYPE FEE Share Draft (Checking) Account $100.00 Share Savings Account $100.00 IRA Savings Account $100.00 Business Account: Share Draft/Share Savings $500.00 BUSINESS ACCOUNT CHARGES SMALL BUSINESS CHECKING (DEPOSITS & WITHDRAWALS) ACCOUNT FEE DESCRIPTION FEE Transactions Up to 50 Per Item FREE Transactions Over 50 Per Item $0.30 Minimum Daily Balance Required $500.00 Below Balance Monthly Fee $10.00 COMMERCIAL BUSINESS CHECKING ACCOUNT ACCOUNT FEE DESCRIPTION FEE Unlimited Transactions (Deposits & Withdrawals) FREE Minimum Daily Balance Required $500.00 Below Balance Monthly Fee $50.00 Monthly Fee $50.00 COMMERCIAL MSB ACCOUNT ACCOUNT FEE DESCRIPTION FEE Unlimited Transactions (Deposits & Withdrawals) FREE Minimum Daily Balance Required $500.00 Below Balance Monthly Fee $50.00 Monthly Fee $99.00 CHECK CASHING ACCOUNT** (For details refer Check Cashing Fee Schedule) ACCOUNT FEE DESCRIPTION FEE Monthly Charges (Based on Check Cashing Volume) – Contact CU Starting at $99.00 Check Deposited (Each) $0.15 Check Deposited (Each) Thru RDC $0.08 Cash Withdrawal Fee 0.12% Other Withdrawal Fee (As applicable) 0.20% Scanner Software/Maintenance Fees (Per month) Free** Account Closing Fee (90 Days) $25.00 CD Required based on Check Cashing volume and your account analysis CD Term until close of account - Release after 90 days. Administrative Fee will apply for re-opening the Account $200.00. (Please refer to Check Cashing fees schedule for more information) DIVIDEND DECLARED INTEREST RATE Quarter ending October 2020 to December 2020 ACCOUNT TYPE RATE TYPE RATE Share Draft (Checking) Accounts: ** Dividend Rate 0.25%* Dividend Rate (APY) 0.2502%* Minimum Balance to earn dividend $300.00 Share Savings Accounts: Dividend Rate 2.00%* Dividend Rate (APY) 2.0184%* Minimum Balance to earn dividend $100.00 Pioneer Education Savings Accounts: Dividend Rate 3.50%* Dividend Rate (APY) 3.5462%* Minimum Balance to earn dividend $100.00 IRA Savings Accounts: Dividend Rate 2.50 %* Dividend Rate (APY) 2.5235%* Minimum Balance to earn dividend $100.00 Certificate of Deposit (2 Years) Dividend Rate 1.50%* Dividend Rate (APY) 1.5103%* Minimum Balance to earn dividend $1,000.00 Special Certificate of Deposit (3 Years) Dividend Rate 4.00%* Dividend Rate (APY) 4.0741%* Minimum Balance to earn dividend $1,000.00 Certificate of Deposit (3-5 Years) Dividend Rate 5.00%* Dividend Rate (APY) 5.0945%* Minimum Balance to earn dividend $1,000.00 Check Cashing CD Account ** Dividend Rate 0.50%* Dividend Rate (APY) 0.5011%* Minimum Balance to earn dividend $1,000.00 Note: * Share Saving Dividends Credited/Compounded Quarterly * Share Draft/CD Dividends Credited/Compounded Monthly * Balance Method for Dividend calculation is on Average Daily Balance ** Dividend rate is for the month of December 2020 * The dividend rate and annual percentage yield (APY) may change as determined by the Credit Union's Board of Directors. ** Interest rate, number of guarantor requirement, collateral requirement and loan eligibility will be based on Credit Score. Rates and fees are subject to changes any time. ** Interest rate will be applicable on the prevailing rate on the date application received (Except Variable Rates) ** All other fees will be applicable as per MSB fee schedule. *** Late Fee may be waived where applicable **** Maybe Charged ASK A QUESTION VIEW LOAN RATES RESOURCES Sitemap Privacy Policy USA Patriot Act Truth in Savings Website Accessibility Funds Availability Policy EFT Agreement and Disclosure ASK US A QUESTION We would love to help answer your PMFCU question. You may: Call: 281-566-8000, or Email: info@pioneeronline.org VIEW OUR LOCATIONS Routing: 313092530 A A A ©2021 Pioneer Mutual Federal Credit Union