Rates

Truth in Savings

Rates effective 6/1/2020

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SAVINGS
Account Type Prospective Annual Percentage Yield Minimum to Open Minimum Daily Balance
to Earn Dividends 1		 Minimum to Avoid
Service Charge 2
Savings 0.20% $5 $100 $0
Simply Business Savings 0.00% $5 NA $0
Dollar Squad Savings 0.20% $5 $5 $0
cha-ching! Savings
0.20% $5 $5 $0
Thr!ve Savings 0.20% $5 $5 $0
IRA Savings 0.20% $5 $100 $0

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CHECKING
Account Type Prospective Annual Percentage Yield Minimum to Open Minimum Daily Balance
to Earn Dividends 1		 Minimum to Avoid
Service Charge 2
Choice Checking 0.00% $15 $0 $0
Simply Business Checking 0.00% $15
 $0 $0
Choice Plus Checking 0.05% $15 $500 $500

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HSA CHECKING
Account Type Prospective Annual Percentage Yield Minimum to Open Minimum Daily Balance to Earn Dividends 1 Minimum to Avoid
Service Charge 2
Single Family 1.00% $5 $500 $0
Family HSA 1.00% $5 $500 $0

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THR!VE CHECKING
Balance Tier Prospective Annual Percentage Yield Minimum to Open Minimum Daily Balance to Earn Dividends 1 Minimum to Avoid Service Charge 2
$.01 to $500 0.50% $0 $.01 $0
$500.01 or greater 0.10% $0 $500.01 $0

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CHOICE ADVANTAGE CHECKING
Balance Tier Prospective Annual Percentage Yield Minimum to Open Minimum Daily Balance to Earn Dividends 1 Minimum to Avoid
Service Charge 2
$500 to $9,999.99 0.05% $15 $500 $10,000
$10,000 to $24,999.99 0.10% $15 $10,000 $10,000
$25,000 to $49,999.99 0.15% $15 $25,000 $10,000
$50,000 or greater 0.25% $15 $50,000 $10,000

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MONEY MARKET
Balance Tier Prospective Annual Percentage Yield Minimum to Open Minimum Daily Balance to Earn Dividends 1 Minimum to Avoid
Service Charge 2
Under $2,500 0.00% $2,500 $2,500 $0
$2,500 to $9,999.99 0.20% $2,500 $2,500 $0
$10,000 to $24,999.99 0.25% $2,500 $10,000 $0
$25,000 to $49,999.99 0.30% $2,500 $25,000
 $0
$50,000 to $99,999.99 0.40% $2,500 $50,000 $0
$100,000 to $149,999.99 0.40% $2,500 $100,000 $0
$150,000 to $249,999.99 0.40% $2,500 $150,000 $0
$250,000+ 0.40% $2,500 $250,000 $0

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TERM SHARE CERTIFICATES
Term Prospective Annual Percentage Yield Minimum to Open Minimum Daily Balance to Earn Dividends 1 Minimum to Avoid
Service Charge 2
6-month 0.60% $1,000 $1,000 $0
12-month 1.00%
 $1,000 $1,000 $0
18-month 1.00% $1,000 $1,000 $0
24-month 1.10% $1,000 $1,000 $0
36-month 1.25% $1,000 $1,000 $0
48-month 1.50% $1,000 $1,000 $0
60-month 1.50% $1,000 $1,000 $0

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BUMP RATE CERTIFICATES
Term Prospective Annual Percentage Yield Minimum to Open Minimum Daily Balance to Earn Dividends 1 Minimum to Avoid
Service Charge 2
48-month 1.20% $1,000 $1,000 $0
1 You must maintain the disclosed minimum daily balance in your Account to obtain the disclosed Annual Percentage Yield. You will not earn dividends on any day your Account balance is below the required minimum daily balance.
2 You must maintain the disclosed minimum daily balance in your Account to avoid a Service Charge. If during any month your Account balance is below the required minimum, your Account will be subject to a Below Minimum Balance Service Charge for that month as set forth in the Fee Schedule.
3 Uniform Transfers to Minor Act Accounts only.
4 Stated rate also applies to IRA and Roth IRA Term Share Certificates


Loan Rates

Rates effective 6/1/2020


AUTOS
Terms Annual Percentage Rate
as low as¹
36-months 1.99%
60-months 2.28%
72-months 3.33%
84-months 4.43%


BOATS and MOTORCYCLES
Terms Annual Percentage Rate
as low as¹
60-months 3.75%
72-months 4.25%
120-months (boats only) 4.75%
180-months (boats only) 5.89%
240-months (boats only) 6.39%


RVs
Terms Annual Percentage Rate
as low as¹
60-months 3.75%
84-months 4.25%
120-months 4.75%
180-months 5.89%
240-months 6.39%


ATV & FARM EQUIPMENT RATES
Terms Annual Percentage Rate
as low as¹
60-months 5.74%
72-months 6.24%
84-months 6.74%
96-months 7.24%
120-months 7.74%


PERSONAL LOANS
Terms Annual Percentage Rate
as low as¹
24-months
6.25%
48-months 6.75%
72-months 8.25%


HOME EQUITY LOANS
Term Annual Percentage Rate
as low as¹
60-months 2.79%
120-months 3.24%
180-months 3.34%


LAND LOANS and UNIMPROVED PROPERTY
Term Annual Percentage Rate
as low as¹
60-months 5.99%
120-months 6.24%
180-months 6.49%


SHARE SECURED, TERM SHARE SECURED
Type Annual Percentage Rate
as low as¹
Deposit Rate Plus 2.50%
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¹ Loans currently financed with Texell are not eligible for refinance.
 
Rates subject to change without notice. Rates are available to qualified borrowers. Applicants must qualify based on Texell's underwriting guidelines. VR equals Variable Rate. Longer terms available. Rates shown are based on a discount for additional credit union services. Contact the Credit Union for details.
Mortgages - Fixed Rates current as of 5/8/2020
MORTGAGE LOANS
Type & Term Rate¹ APR Lender Fee
30-year Fixed 3.750%
3.892% 0.50%
15-year Fixed 3.250% 3.502% 0.50%
FHA 30-year Fixed 5.25% 5.643% 0%
FHA 15-year Fixed 5.500% 6.178% 0%
VA 30-year Fixed 4.750% 4.809% 0%
VA 15-year Fixed 5.250% 5.355% 0%
These examples are based on a 80% LTV and a 740 or higher FICO score (excluding VA Loans).
Rates are subject to change without notice and may vary depending upon credit history, loan programs and loan terms. Rates are quoted on a 60-day lock option. For additional rates or program availability, please contact the Mortgage Department, at 254-774-5104 or to apply online, please visit our website at http://www.texellhomeloans.com/ .
¹ Loans currently financed with Texell are not eligible for refinance.