At Greater Community Credit Union, we have a variety of Checking, Savings, and loans available to our members. Find the latest rates below to secure the option that is best for you and your family. Contact one of our helpful specialists to learn more about each account.
Savings Rates
DIVIDEND Rates effective as of Effective April 9, 2024 and are subject to change without notice.
Savings Accounts
| Account Type | APR | APY* |
|---|---|---|
| Membership Share*** Membership Share Account requires $10 minimum balance to obtain APY* |
2.231% | 2.25% |
| Share Savings (Passbook)*** | 2.231% | 2.25% |
| SEP Share Savings*** | 2.231% | 2.25% |
| Trad/Roth IRA Share Savings*** | 2.231% | 2.25% |
| HSA*** | 2.231% | 2.25% |
| Sharedraft (Checking)**** Minimum daily balance of $500 must be maintained to obtain APY** |
0.349% | 0.35%** |
Annual Percentage Rate (APR)
* Annual Percentage Yield (APY) is based on interest being compounded quarterly and that interest remains on deposit. A withdrawal of interest will reduce earnings. Rates may change after account opening.
**Annual Percentage Yield (APY) is based on interest being paid monthly and that interest remains on deposit. A withdrawal of interest will reduce earnings. Dividends earned on accounts maintaining a minimum daily balance of $500. Rates may change after account opening.
***Dividend Rate Information:The dividend rate and annual percentage yield may change every dividend period, as determined by the Credit Union Board of Directors. A withdrawal of interest will reduce earnings. Rates may change after account opening. Contact GCCU to confirm current rates, 320-769-2908 or 320-329-3152. Compounding and Crediting:Dividends will be compounded quarterly and will be credited to your account quarterly. Dividend Period:For this account type, the dividend period is quarterly. If you close your account prior to payment of a dividend, you will not receive any accrued dividend. Daily Balance Computation: Dividends are calculated by the daily balance method that applies a daily periodic rate to the balance in the account each day. Minimum Balance Requirements: The minimum required to open a Primary Membership Share and maintain membership is the purchase of a $10 share in Greater Community Credit Union. The minimum daily balance required to receive the disclosed annual percentage yield (APY) is $10.00. Fees: Fees, as disclosed in our Fee Schedule, may reduce the earnings on this account. Transaction Limitations For All Savings Accounts: Regulation D requires that during any calendar month you may not make more than six (6) withdrawals or transfers to another Credit Union account of yours or to a third party by means of a preauthorized or authomatic transfers; transfers authorized by phone, fax, or online; and transfers by check, debit card, or similar order payable to third parties. Other types of transfers and withdrawals, such as those made in person, by mail, transfer to loan, or at an ATM can be made without limitation.
****Dividend Rate Information: The dividend rate and annual percentage yield may change every dividend period, as determined by the Credit Union Board of Directors. Compounding and Crediting: Dividends will be compounded monthly and will be credited to your account monthly. Dividend Period: The dividend period is monthly. The dividend declaration date is the last day of the dividend period. If you close your account prior to payment of a dividend, you will not receive any accrued dividend. Daily Balance Computation: Dividends are calculated by the daily balance method that applies a daily periodic rate to the balance in the account each day. Minimum Balance Requirements: There is no minimum balance required to open or maintain this account; however, a minimum daily balance of $500 must be maintained to obtain the disclosed Annual Percentage Yield (APY). Fees: Fees, as disclosed on our Fee Schedule, may reduce the earnings on this account. Transaction Limitations: No transaction limitations apply to this type of account.
Term Share Certificates
| Term | Minimum Balance | APR* | APY**** |
|---|---|---|---|
| 12 Month | $1,000.00 | 4.890% | 5.00% |
| 24 Month | $1,000.00 | 4.653% | 4.75% |
| 36 Month | $1,000.00 | 3.497% | 3.55% |
| 48 Month | $1,000.00 | 3.497% | 3.55% |
| 60 Month | $1,000.00 | 3.497% | 3.55% |
IRA Term Share Certificates-Traditional & Roth
| Term | Minimum Balance | APR* | APY** |
|---|---|---|---|
| 1 Year | $250.00 | 4.890% | 5.00% |
| 2 Year | $250.00 | 4.653% | 4.75% |
| 3 Year | $250.00 | 3.497% | 3.55% |
| 4 Year | $250.00 | 3.497% | 3.55% |
| 5 Year | $250.00 | 3.497% | 3.55% |
Coverdell Savings Term Share Certificate
| Account Type | Minimum Balance | APR* | APY**** |
|---|---|---|---|
| 1 Year | $250.00 | 4.890% | 5.00% |
*APR = Annual Percentage Rate
**APY = Annual Percentage Yield-based on interest compounded quarterly
and interest remains on deposit. Withdrawal of interest will reduce earnings.
***APY based on interest paid monthly and interest remains on
deposit. Withdrawal of interest will reduce earnings.
****APY based on interest paid monthly and interest remains on
deposit until maturity. A withdrawal of interest will reduce earnings.
Subject to penalty for early withdrawal.
Loan Rates
LOAN Rates effective as of October 10, 2023 and are subject to change without notice.
Vehicle Loans
| Loan Type | APR* |
|---|---|
| New Cars, Pickups*** | Fixed rates as low as 5.50% APR* |
| Used Cars, Pickups*** | Fixed rates as low as 6.00% APR* |
| Recreational Vehicles*** | Fixed rates as low as 6.25% APR* |
Personal Loans
| Loan Type | APR* |
|---|---|
| Personal Secured*** | Fixed rates as low as 8.00% APR* |
| Personal Unsecured*** | Fixed rates as low as 8.75% APR* |
| Share/Certificate Secured | 2.00% above the current APY**of the share/certificate dividend rate |
| Line of Credit/ Overdraft Protection | Maximum Fixed rate 18.00% APR* |
Real Estate Loans
| Loan Type | APR* |
|---|---|
| Real Estate | Call for rates and terms |
Credit Card
| Loan Type | APR* |
|---|---|
| VISA Credit Card | Maximum Fixed rate 6.90% APR* |
Ag & Commercial
| Loan Type | APR* |
|---|---|
| Agriculture | Contact Ag Loan Officer |
| Commercial | Contact Loan Officer |
*APR = Annual Percentage Rate.
**APY = Annual Percentage Yield
***Loans are subject to credit approval. Rates and terms may vary. The actual rate is based on the applicant’s credit and payment history and the length of the repayment period. This rate includes a .25% discount for members with an active checking account, and a .25% discount with an automatic repayment.
Greater Community Credit Union membership is required.