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 02/02/08 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

 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 01/01/08

Regular Shares

1.00 % A.P.R.

1.01 % A.P.Y.

Christmas Clubs

1.00 % A.P.R.

1.01 % A.P.Y.

Vacation Clubs

1.00 % A.P.R.

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 5.50% as of 2/1/2008 Bi-Weekly Monthly
  $8.81 $19.10
   

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         7.25% Based on 3 Yr. Term $14.28 $30.99
48 4 Years 104         7.25%   $11.09 $24.06
60 5 Years 130         7.50%   $9.24 $20.04
72 6 Years 156         7.75%   $8.03 $17.41
84 7 Years 182 > $35,000 8.00%   $7.18 $15.59
   

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