Deposit Rates
| Type | Features | APR* | APY** |
|---|---|---|---|
| Savings - Tier 1 | $0.01 or Greater | ||
| Christmas Club | Minimum Opening Deposit $25 | ||
|
IRA ($1,000 or more) Minimum Opening Deposit $1,000 |
< $50K | ||
|
IRA ($1,000 or more) Minimum Opening Deposit $1,000 |
$50K - $99.9K | ||
|
IRA ($1,000 or more) Minimum Opening Deposit $1,000 |
> $99.9K | ||
|
Certificate - 6 Months Minimum Balance of $1,000 Penalty for Early Withdrawal |
< $50K | ||
|
Certificate - 6 Months Minimum Balance of $1,000 Penalty for Early Withdrawal |
$50K - $99.9K | ||
|
Certificate - 6 Months Minimum Balance of $1,000 Penalty for Early Withdrawal |
> $99.9K | ||
|
Certificate - 12 Months Minimum Balance of $1,000 Penalty for Early Withdrawal |
< $50K | ||
|
Certificate - 12 Months Minimum Balance of $1,000 Penalty for Early Withdrawal |
$50K - $99.9K | ||
|
Certificate - 12 Months Minimum Balance of $1,000 Penalty for Early Withdrawal |
> $99.9K | ||
|
Certificate - 18 Months Minimum Balance of $1,000 Penalty for Early Withdrawal |
< $50K | ||
|
Certificate - 18 Months Minimum Balance of $1,000 Penalty for Early Withdrawal |
$50K - $99.9K | ||
|
Certificate - 18 Months Minimum Balance of $1,000 Penalty for Early Withdrawal |
> $99.9K | ||
|
Certificate - 24 Months Minimum Balance of $1,000 Penalty for Early Withdrawal |
< $50K | ||
|
Certificate - 24 Months Minimum Balance of $1,000 Penalty for Early Withdrawal |
$50K - $99.9K | ||
|
Certificate - 24 Months Minimum Balance of $1,000 Penalty for Early Withdrawal |
> $99.9K | ||
|
Certificate - 30 Months Minimum Balance of $1,000 Penalty for Early Withdrawal |
< $50K | ||
|
Certificate - 30 Months Minimum Balance of $1,000 Penalty for Early Withdrawal |
$50K - $99.9K | ||
|
Certificate - 30 Months Minimum Balance of $1,000 Penalty for Early Withdrawal |
> $99.9K | ||
|
Certificate - 36 Months Minimum Balance of $1,000 Penalty for Early Withdrawal |
< $50K | ||
|
Certificate - 36 Months Minimum Balance of $1,000 Penalty for Early Withdrawal |
$50K - $99.9K | ||
|
Certificate - 36 Months Minimum Balance of $1,000 Penalty for Early Withdrawal |
> $99.9K | ||
|
Money Market - Tier 1 Minimum Deposit $2,000 |
$2,000 - $49,999 | ||
|
Money Market - Tier 2 |
$50,000 - $99,999 | ||
|
Money Market - Tier 3 |
$100,000 or greater |
*Dividend rates are subject to change at any time. Dividends are calculated by the daily balance method (paid monthly), which applies a daily periodic rate to the principal in your account each day. Rates effective as of: April 1, 2024
Loan Rates
| Type | Features | Term-APR* |
|---|---|---|
| Share Certificate Loans | Up to 90% of the Certificate Balance | Pledged Share Certificate rate plus *1 |
| Share Loans | Up to 90% of the Account Balance | Minimum rate of |
| Personal Line of Credit | Terms vary Rate Range to |
As low as |
| Personal Loans (Closed End) | Terms vary Rate Range to |
As low as |
| Auto New/Used (2021 - Present) |
Terms vary Or NADA Retail Value Used |
As low as |
| Auto Used (2018 - 2020) | Up to 100% NADA Retail Value |
As low as |
| Auto Used (2017 & Older) | Up to 100% NADA Retail Value Terms vary Rate range to |
As low as |
| Motorcycles | New Motorcycles up to 100% of sales invoice Used Motorcycles up to 100% NADA retail Terms vary Maximum 80% financing on Motorcycles classified as Sport Bikes Rate range from to |
As low as |
| Boats, Motors, & Trailers |
Up to 100% of Dealer Invoice Terms vary |
As low as |
| Credit Cards | Variable Rate Range to (Rates based on prime as the index; rate can change monthly as the index changes.) | Visa Classic Card - as low as , Visa Platinum Rewards - as low as |
| DW Mobile Home |
Up to 80% of appraisal Terms vary |
Call for rate |
| Garden Tractors, Farm Equipment, and other Personal Property | New: up to 100% of sales invoice Used: a percentage of appraised value Terms vary |
As low as |
| Motor Homes and Campers | Rates and terms vary. Rate Range to | As low as |
| Home Equity Loans |
85% of appraisal minus 1st mortgage balance |
As low as |
| Land | Up to 70% of appraised value or purchased price, the lesser of the two | 60 months as low as 120 months as low as |
| Mortgage |
We have: FHA, VA, USDA & Conventional |
Rates change daily |
*Loan rates are subject to change at any time. *Rates are subject to change based on loan program, LTV, credit score, dwelling type, etc. *Other conditions may affect the rate. Loan Rates listed effective January 5, 2024. ¹Maturity of loan not to exceed the maturity of the Share Certificate pledged.
Fee Schedule
CREDIT TO ACCOUNTS for Member Deposits and Business Day Disclosure
Our business hours are as follows: Monday through Thursday: 8:30 a.m. – 5:00 p.m. Friday Lobby Hours: 8:30 a.m. – 5:30 p.m., Drive-thru hours are 8:30 a.m. – 6:00 p.m.
The credit union’s “daily cut-off time” is 5:00 p.m. or the close of business. All deposits or transactions received after the time we close for business on a day we are open, received after we open via our Night Depository, or received on a day on which we are closed for business will be treated as if received on the next business day that we are open.
The credit union’s “daily cut-off time” for wires is 3:00 p.m. on a business day. Any request after 3:00 p.m. will be sent the next business day we are open.
The credit union will not be obligated to take any action on a valid and appropriate Stop Payment order received by us after 1:00 p.m. Requests received after 1:00 p.m. will be treated as if received on the next business day that we are open.
Approved Check Printer/Vendor: Deluxe
Daily Cash Withdrawal Limit is $10,000 per business day.
The credit union does not provide for deposits at ATMs
| Electronic Funds Transfer Service Limitations, Fees, and Other Important Information: | Online | Offline |
Other Information |
|---|---|---|---|
| On-Line (Online Banking) (per 24 Hours) | Up to Available Balance | NA | |
| Bill Payment Limits (per 24 Hours) | $1,000.00 | We are unable to stop a payment initiated via our Billpayer product. Transactions could take up to 10 days to process. |
Fees Applicable
Fees Applicable to Electronic Banking Transactions
Transactions at Mid Carolina Credit Union owned and CO-OP Network affiliated ATM machines | No Charge
Transactions using all other networks (transfers & withdrawals up to 4 free per month) (inquiries up to 3 free per month) per transaction | $1.00
Debit Card Replacement (per occurrence) | $20.00
Credit Card Replacement (per occurrence) | $15.00
Other Information Regarding Your Electronic Services/ACH/Wire Transfers
Home Banking Inquiries: 1 (800) 433-5226 or (803) 432-8521 or Mail: MCCU Attention: E-Services Department, PO Box 549, Lugoff, SC 29078
To Reset your Debit Card PIN: 1 (800) 992-3808
Opt-out Election – Credit Union’s Privacy Policy: 1 (800) 433-5226 or Mail: MCCU Attention: E-Services Department, PO Box 549, Lugoff, SC 29078
Networks Available for EFT Transactions: CO-OP, STAR, Visa
ACH/Wire Disclosures: Refer to Membership Agreement, Electronic Transfer, and Wire Transfer Agreements for Information
| Type | Fee | Type | Fee |
|---|---|---|---|
| Membership Fee (Upon Application/Non-Refundable) | $5.00 | Membership Revocation Fee | $5.00 |
| Member Statement Copy Fee (printed by MCCU) Statement Copy Fee (per statement/printout) Interim History Printout | $5.00 $3.00 |
Closed Account / Re-Open Fee: If closed within 90 days of opening. If re-opened within 90 days of closure | $5.00 $10.00 |
| IRA Account Maintenance Fee | $10.00 | Dormant Account/Abandoned Property Fee (per account /per month) | $10.00 |
| REG D excessive share savings transaction fee (per transaction – greater than 6 transactions) | $2.00 | Garnishment and Levy Processing Fee | $25.00 |
| Bad Address Fee (per Occurrence) | $5.00 | Christmas Club Early Withdrawal (per withdrawal) | $5.00 |
| Insufficient Funds (NSF) (per item returned by MCCU) | $30.00 | Check Copy Fee (per item) | $1.00 |
| Overdraft Privilege (per item paid by MCCU) | $30.00 | Copy of Check Issued by Credit Union | $25.00 |
| Overdraft Share Transfer Fee (per Transfer) | $2.00 | Check Request or Certified Check Fee: Fee waived if aggregate share and loan balances exceed $10,000. (Loan must be current.) | $3.00 |
|
STOP PAYMENTS Share Drafts: (the request is only good for 6 months) ACH: (the request is permanent) |
$30.00 $30.00 |
Billpay Service Monthly Fee Failed Transaction Fee |
$3.95 $10.00 |
| Wire Transfer: Incoming Wire Transfer: Outgoing |
$10.00 $20.00 |
Research Service / Account Reconciliation: Per hour. No charge ifwithin 30 days of the statement date | $10.00 |
| Legal process tax levies, garnishments, etc..(per occurrence) | The lesser of $25or Actual Costs | Third-Party Check Cashing Fee (per item) | Up to $25.00 |
|
Safe Deposit Box Rental and Fees: 3 x 5 5 x 5 3 x 10 5 x 10 (Lugoff Only) 10 x 10 Key Replacement and Box Drilling |
$20.00 $25.00 $35.00 $60.00 $75.00 Actual Cost |
Check Cashing Fee: for accounts with balances of less than $100
and no other account relationships (loans, share draft, IRA) Check Amount: ($100 to $499) Check Amount: ($500 to $999) Check Amount: (>$1,000) |
$5.00 $10.00 $20.00 |
| Late Loan Fee (maximum based on payment due) | $5% of Required Min. Payment. Max: $18.50 | Check Printing Fee | Price varies depending on style selected |
| Statement By Mail Fee | $3.00 | - | - |
+Fees stated apply unless specific law requires a lesser amount.
Costs, Expenses and Attorney Fees ALL Accounts / Services: The membership agreement sets forth the duties and responsibilities of the Credit Union and the Member as they pertain to any legal or other action the credit union may pursue to collect any sum you owe the Credit Union.
State Laws: Unless this agreement or expressly applicable law provides otherwise, the laws of the State of South Carolina shall govern and control your agreements with us, including the interpretation of any terms or conditions or applicable jurisdiction or venue.
TO REPORT A LOST OR STOLEN DEBIT CARD, CALL: (800) 433-5226
TO REPORT A LOST OR STOLEN CREDIT CARD, CALL: (800) 433-5226
Direct all other requests and inquiries to PO Box 549, Lugoff, SC 29078, or (803) 432-8521
Fees effective as of: Feb 1, 2023