Savings Rates

**Rates as of  05/31/2017  per board approval. Rates are subject to change without notice.

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Savings Rates
Ending Balances APR APY
25.01 to 450.99 0.25% 0.250%
451.00 to 4,999.99 0.30% 0.300%
Over 5,000 0.40% 0.400%
     
Club Savings
  APR APY
25 (Christmas Club) 0.35% 0.350%
27 (Vacation) Up to 4,999.99 0.35% 0.350%
27 (Vacation) 5,000+ 0.40% 0.400%
Certificate of Deposit (CD) - 1 year term
Balance APR APY
1,000.00 to 9,999.99 1.05% 1.054%
10,000.00 to 49,999.99 1.05% 1.054%
50,000.00 and above 1.05% 1.054%
**CD rates are subject to change at any time. Please call the credit union for the most current rates. **A penalty will be enforced for the early withdrawal from a certifcate of deposit which will be 90 days of interest.**
Individual Retirement Accounts
Regular and Roth APR APY
IRAs 0.45% 0.451%
Certificate of Deposit (CD) - Regular IRA & Roth
Balance APR APY
1,000.00 to 9,999.99 1.05% 1.054%
10,000.00 to 49,999.99 1.05% 1.054%
50,000.00 and above 1.05% 1.054%
**CD rates are subject to change at any time. Please call the credit union for the most current rates.     **A penalty will be enforced for the early withdrawal from a certifcate of deposit which will be 90 days of interest.**

APR = Annual Percentage Rate
APY = Annual Percentage Yield 

TRUTH IN SAVINGS ACCOUNT DISCLOSURES

  1. Rate Information. The Annual Percentage Yield is a percentage rate that reflects the total amount of dividends to be paid on an account based on the dividend rate and frequency of compounding for an annual period. For Share, Club,CD and IRA accounts, the Dividend Rate and Annual Percentage Yield may change quarterly as determined by the Credit union's Board of Directors. The Dividend Rates and Annual Percentage Yields are the prospective rates and yields that the Credit Union anticipates paying for the applicable dividend period. The Share and Club accounts are Tiered Rate accounts. If your Share account balance is $450.99 or below, the first Dividend Rate and Annual Percentage Yield is listed for this account in the Rate Schedule will apply. If your account balance is greater than $451.00 -$4,999.99, the second Dividend Rate and range of Annual Percentage Yields listed for this account will apply. If your Share account balance is greater then $5000.00 the third Dividend Rate Schedule will then apply.
  2. Nature of Dividends. Dividends are paid from current income and available earnings after required transfers to reserves at the end of the dividend period.
  3. Dividend Compounding and Crediting. The compounding and crediting of dividends and dividend period applicable to each account are set forth in the Rate Schedule. The Dividend Period is the period of time at the end of which an account earns dividend credit. The Dividend Period begins on the first calendar day of the period and ends on the last calendar day of the period.
  4. Accrual of Dividends. For all accounts, dividends will begin to accrue on noncash deposits (e.g. checks) on the business day you make the deposit to your account. Dividends are paid from current income and available earnings on interest earning accounts.* Fees could reduce the earnings of the account*
  5. Balance Information. The minimum balance requirements applicable to each account are set forth in the Rate Schedule, there is a minimum daily balance required, to obtain the Annual Percentage Yield for the dividend period. If the minimum daily balance is not met, you will not earn the stated Annual Percentage Yield. For all accounts using a Daily Balance method, dividends are calculated by applying a daily periodic rate to the principal in the account each day.
  6. Account Limitations. For all accounts, no more than six (6) preauthorized, automatic, or telephone transfers may be made from these accounts to another account of yours or to a third party in any month, and no more than 1 withdrawl per quarter on club accounts.Excludes Christmas Club your account may be subject to a fee or be closed. See fee schedule
  7. This disclosure has been approved and is subject to change by the Loyola University Employees Federal Credit Union's Board of Directors.

 

Loyola University Employees Federal Credit Union
2160 South First Avenue - Maguire Center Maywood, IL 60153
Phone: 708.216.4500 | Fax: 708.216.6546
Loyola Credit Union Routing Number # is 271992141

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Membership in the Loyola University Employees Federal Credit Union (LUEFCU) is open to anyone who works for or is paid by Loyola University Chicago or Loyola University Health System on any campus or location anywhere.

That includes full and part-time Loyola faculty and staff, employees and student employees as well as Loyola affiliates or contractors, plus immediaite family members of these eligible participants.