Rates

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.

^{*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

^{*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.
****Late Payment fee is $5
Greater Community Credit Union membership is required.}