1) APY = Annual Percentage Yield. Offer applies to personal and IRA term shares. Minimum term share deposit amount is $500. Maximum $50,000 limit per member applies. There is no limit on number of Term Share Certificates per memeber. Premature withdrawal may result in assessment of penalty fees which will reduce interest gains. Term shares are not subject to automatic renewal. Other restrictions may also apply.
2) APR = Annual Percentage Rate. Introductory rate is fixed for the first 12 months and includes a 0.25% relationship discount for automatic payments from PSFCU checking account. Without automatic payment from the PSFCU Checking Account the rate will be 2.24% APR. After this period, standard variable rate will apply based on the Prime Rate, as published in the Wall Street Journal and is adjusted on the first day of each month. Maximum lifetime APR is 14.90%, minimum 3.75%. The term of loan is 25 years. Minimum loan amount is $10,000 and maximum - $250,000. Home Equity Lines of Credit are subject to application, credit approval and loan–to-value requirements. Home Equity Lines of Credit are available for owner-occupied 1-4 family residential properties, including condominiums. Products are not available in all states. Home Equity accounts are secured by a mortgage on your primary residence. Please contact PSFCU employee for complete promotion details. If loan is paid off and closed prior to 3 years (36 months) from origination, member must reimburse the credit union all closing costs which may be up to $1,300.
New York residents will have to pay applicable mortgage taxes, which may be made with an advance on your line of credit. Florida residents will have to pay applicable documentary stamps, which may be made with an advance on your line of credit.
Promotion is valid from October 1 until October 31, 2018. Offer applies solely to PSFCU members. All loans are subject to credit approval and verification. PSFCU loans are not available in all states. Products and rates are subject to change without notice. For additional information, please contact Members Services Center at 1.855.PSFCU.4U (1.855.773.2848) or the nearest PSFCU branch.
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