Roanoke Virginia Firemen Federal Credit Union
"Serving the people that serve the public."
Roanoke Virginia Firemen Federal Credit UnionLoan Calculation Page

Payment Calculator
Loan Amount
Int. Rate
# Months
BiWeekly
Monthly



Effective 02/23/09 and subject to change.  Call the CU for the most current rates
Rates are for NEW LOANS ONLY - Member may add additional $ 2,000.00 if possible to get the new lower rate
                   
All Rates are expressed in Annual Percentage Rate
Payments are expressed as either BW - Bi-Weekly ( 26 Payments per Year ) or M - Monthly ( 12 Payments per Year )
All Rates are based on the Member using a form of Automatic Payment.
Other forms of Payments have interest rates .25% higher than listed.


Dividend Rates
Dividends are expressed in both Annual Percentage Rate (A.P.R. and Annual Percentage Yield (A.P.Y.)
Posted to Member's Accounts 01/01/09
Regular Shares 1.00 % A.P.R. Christmas Clubs 1.00 % A.P.R. Vacation Clubs 1.00 % A.P.R.
1.01 % A.P.Y. 1.01 % A.P.Y. 1.01 % A.P.Y.
All shares are insured to $100,000.00 by the National Share Insurance Fund.
   

100 % Share Secured Loans
  Payment per $1,000.00
Max of 5 Years 4.00% as of 2/23/2009 Bi-Weekly Monthly
  $8.49 $18.42
   

New Vehicles

All Payments based per each $1,000.00 borrowed
Payment per $ 1,000.00
Month Term PRD   A.P.R. Bi-Weekly Monthly
36 3 Years or Less 78         5.25% Based on 3 Yr. Term $13.87 $30.08
48 4 Years 104         5.25%   $10.67 $23.14
60 5 Years 130         5.50%   $8.81 $19.10
72 6 Years 156         5.75%   $7.59 $16.46
84 7 Years 182 > $35,000 6.00%   $6.74 $14.61
   

Used Vehicles

All Payments based per each $1,000.00 borrowed
Amount Borrowed Maximum Term
   
< $ 5,000.00 Up to 3 Years
$ 5,000.00 - 10,000.00 Up to 4 Years
$ 10,000.00 - 25,000.00 Up to 5 Years
> $ 25,000.00 Up to 6 Years
Payment per $ 1,000.00 > $25,000.00
1 Year 2 Years 3 Years 4 Years 5 Years 6 Years
Year Model A.P.R. BW M BW M BW M BW M BW M BW M
2009-2008 5.25% $39.52 $85.72 $20.28 $43.98 $13.87 $30.08 $10.67 $23.14 N/A N/A N/A N/A
2009-2008 6.50% N/A N/A N/A N/A N/A N/A N/A N/A $9.02 $19.57 $7.75 $19.57
2007 5.25% $39.52 $85.72 $20.28 $43.98 $13.87 $30.08 $10.67 $23.14 N/A N/A N/A N/A
2007 7.00% N/A N/A N/A N/A N/A N/A N/A N/A $9.13 $19.80 $7.86 $19.80
2006 7.25% $39.93 $86.64 $20.69 $44.89 $14.28 $30.99 $11.09 $24.06 $9.18 $19.92 N/A N/A
2005 7.50% $39.98 $86.76 $20.74 $45.00 $14.34 $31.11 $11.14 $24.18 $9.24 $20.04 N/A N/A
2004 7.75% $40.03 $86.87 $20.79 $45.11 $14.39 $31.22 $11.20 $24.30 $9.29 $20.16 N/A N/A
2003 and Older 8.00% $40.08 $86.99 $20.84 $45.23 $14.44 $31.34 $11.25 $24.41 $9.34 $20.28 N/A N/A
   

Personal

All Payments based per each $1,000.00 borrowed
Payment per $ 1,000.00
Up to 1 Year 1 Yr. & 1 Day - 2 Years 2 Yrs. & 1 Day - 3 Years
Amount A.P.R. BW M A.P.R. BW M A.P.R. BW M
$ 300.00 - 2,500.00 7.50% $39.98 $86.76 8.50% $20.94 $45.46 9.75% $14.81 $32.15
$ 2,500.01 - 5,000.00 7.75% $40.03 $86.87 8.75% $20.99 $45.57 10.00% $14.86 $32.27
$ 5,000.01 - 7,500.00 8.25% $40.13 $87.10 9.25% $21.10 $45.80 10.50% $14.97 $32.50
$ 7,500.01 - 10,000.00 10.25% $40.54 $88.03 11.25% $21.52 $46.72 12.50% $15.40 $33.45
Payments are based on the maximum period available in each group
and rounded to the nearest whole dollar
   

Second Mortgage Loans

All Payments based per each $1,000.00 borrowed
Up to $ 75,000.00 less any other existing loans with the Credit Union
                                                     
                                 
                                                     
  % of Equity Used     Interest Rate     Loan Term     Cost per $ 1,000
              at 10 Year Term
                                                     
  80 % Loan     8.00%     Up to 10 Years     $13.00
                                                     
  85 % Loan     9.00%     Up to 10 Years     $13.00
                                                     
  90 % Loan     10.00%     Up to 10 Years     $14.00
                                                     
We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act

We are governed by the National Credit Union Administration

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