Rates & Fees
At UMCU, our competitive rates are designed to help you save more and earn more, so you can reach your financial goals faster. We keep loan rates affordable and dividend rates rewarding, giving members across Ann Arbor, Metro Detroit, and beyond more ways to achieve financial success.
Attractive Rates to Maximize
Your Financial Potential
Auto Loan Rates
Effective Date: February 27, 2025
| Term | APR* |
|---|---|
| Up to 36 Months | 5.74% - 14.59% |
| 37 - 48 Months | 5.74% - 14.59% |
| 49 - 60 Months | 5.74% - 14.59% |
| 61 - 72 Months | 5.74% - 14.59% |
| 73 - 84 Months | 6.74% - 16.84% |
| APR* |
|---|
| 5.74% - 14.59% |
| APR* |
|---|
| 5.74% - 14.59% |
| APR* |
|---|
| 5.74% - 14.59% |
| APR* |
|---|
| 5.74% - 14.59% |
| APR* |
|---|
| 6.74% - 16.84% |
Payment example: The monthly payment per $1,000 borrowed at 8.99% APR for a term of five years would require 60 payments of $20.76 (per $1,000).
Home Loan Rates
Effective Date: January 1, 2025
| Type | Term | Rate |
|---|---|---|
| Mortgage | 10 year | 5.99% - 6.06%, Fixed Rate |
| Mortgage | 15 year | 6.08% - 6.16%, Fixed Rate |
| Mortgage | 20 year | 6.58% - 6.67%, Fixed Rate |
| Mortgage | 30 year | 6.81% - 7.18%, Fixed Rate |
| Home Equity Line of Credit | 10 year draw, 15 year repayment | 7.50% - 13.75% |
| Home Improvement Loan | Up to 84 Months | 9.75% - 16.25% |
| Term | Rate |
|---|---|
| 10 year | 5.99% - 6.06%, Fixed Rate |
| 15 year | 6.08% - 6.16%, Fixed Rate |
| 20 year | 6.58% - 6.67%, Fixed Rate |
| 30 year | 6.81% - 7.18%, Fixed Rate |
| Term | Rate |
|---|---|
| 10 year draw, 15 year repayment | 7.50% - 13.75% |
| Term | Rate |
|---|---|
| Up to 84 Months | 9.75% - 16.25% |
Other Loan Rates
Effective Date: February 1, 2025
| Type | APR* | Term |
|---|---|---|
| My Choice Loan | 9.75% - 15.75% | Fixed |
| Home Improvement Loan | 9.75% - 16.25% | Fixed |
| Technology Loan | 4.99% | Fixed |
| Line of Credit | 17.49% - 21.49% | Adjustable |
| Build My Credit Loan | 9.90% | Fixed |
| Certificate Secured Loan | 2.00% + Current Certificate rate | Fixed |
| Motorcycle & RV: Jet Ski, Snowmobile, ATV | 7.24% - 16.74% | Fixed |
| Motorhome, Boat, Travel Trailer | 7.50% - 20.75% | Fixed |
| Student Choice Loan | View Rates Here | Variable |
| Revolving Student Loan | 9.75% - 16.75% | Adjustable |
| APR* | Term |
|---|---|
| 9.75% - 15.75% | Fixed |
| APR* | Term |
|---|---|
| 9.75% - 16.25% | Fixed |
| APR* | Term |
|---|---|
| 4.99% | Fixed |
| APR* | Term |
|---|---|
| 17.49% - 21.49% | Adjustable |
| APR* | Term |
|---|---|
| 9.90% | Fixed |
| APR* | Term |
|---|---|
| 2.00% + Current Certificate rate | Fixed |
| APR* | Term |
|---|---|
| 7.24% - 16.74% | Fixed |
| APR* | Term |
|---|---|
| 7.50% - 20.75% | Fixed |
| APR* | Term |
|---|---|
| View Rates Here | Variable |
| APR* | Term |
|---|---|
| 9.75% - 16.75% | Adjustable |
Loan approval dependent upon credit history. *Actual APR determined by credit history, approved loan amount and loan term. Payment example: The monthly payment per $1,000 borrowed at 13.75% APR for a term of four years would require 48 payments of $27.22 (per $1,000).
Credit Card Rates
Effective Date: April 8, 2024
| Type | APR for Purchases, Balance Transfers, & Cash Advances |
|---|---|
| Visa® Platinum Optimum | 8.99 - 14.99% Non-variable |
| Visa® Platinum Cash Rewards | 12.99 - 18.99% Non-variable |
| APR for Purchases, Balance Transfers, & Cash Advances |
|---|
| 8.99 - 14.99% Non-variable |
| APR for Purchases, Balance Transfers, & Cash Advances |
|---|
| 12.99 - 18.99% Non-variable |
Checking Rates
Effective Date: April 8, 2024
Variable rate account. Rate may change after account is opened.
| Type | Tier | Interest Rate | APY* |
|---|---|---|---|
| Interest Checking | $2,000 - $4,999.99 | 0.15% | 0.15% |
| $5,000 - $9,999.99 | 0.16% | 0.16% | |
| $10,000 - $24,999.99 | 0.20% | 0.20% | |
| $25,000+ | 0.30% | 0.30% |
| Tier | Interest Rate | APY* |
|---|---|---|
| $2,000 - $4,999.99 | 0.15% | 0.15% |
| $5,000 - $9,999.99 | 0.16% | 0.16% |
| $10,000 - $24,999.99 | 0.20% | 0.20% |
| $25,000+ | 0.30% | 0.30% |
| Type | Tier | Interest Rate | APY* |
|---|---|---|---|
| Business Checking | $2,000 - $4,999.99 | 0.05% | 0.05% |
| $5,000 - $9,999.99 | 0.06% | 0.06% | |
| $10,000 - $24,999.99 | 0.10% | 0.10% | |
| $25,000+ | 0.20% | 0.20% |
| Tier | Interest Rate | APY* |
|---|---|---|
| $2,000 - $4,999.99 | 0.05% | 0.05% |
| $5,000 - $9,999.99 | 0.06% | 0.06% |
| $10,000 - $24,999.99 | 0.10% | 0.10% |
| $25,000+ | 0.20% | 0.20% |
Savings Rates
Effective Date: August 19, 2024
Variable rate account. Rate may change after account is opened.
| Type | Deposit Tier | Interest Rate | APY |
|---|---|---|---|
| Savings Account | N/A | 0.05% | 0.05% |
| Business Savings Account | N/A | 0.05% | 0.05% |
| Money Market Savings Account | $2,000 - $4,999.99 | 0.45% | 0.45% |
| $5,000 - $9,999.99 | 0.45% | 0.45% | |
| $10,000 - $24,999.99 | 0.75% | 0.75% | |
| $25,000+ | 1.05% | 1.06% | |
| Business Money Market Savings Account | $2,000 - $4,999.99 | 0.45% | 0.45% |
| $5,000 - $9,999.99 | 0.45% | 0.45% | |
| $10,000 - $24,999.99 | 0.75% | 0.75% | |
| $25,000+ | 1.05% | 1.06% | |
| Youth Savings Account | N/A | 0.05% | 0.05% |
| Deposit Tier | Interest Rate | APY |
|---|---|---|
| N/A | 0.05% | 0.05% |
| Deposit Tier | Interest Rate | APY |
|---|---|---|
| N/A | 0.05% | 0.05% |
| Deposit Tier | Interest Rate | APY |
|---|---|---|
| $2,000 - $4,999.99 | 0.45% | 0.45% |
| $5,000 - $9,999.99 | 0.45% | 0.45% |
| $10,000 - $24,999.99 | 0.75% | 0.75% |
| $25,000+ | 1.05% | 1.06% |
| Deposit Tier | Interest Rate | APY |
|---|---|---|
| $2,000 - $4,999.99 | 0.45% | 0.45% |
| $5,000 - $9,999.99 | 0.45% | 0.45% |
| $10,000 - $24,999.99 | 0.75% | 0.75% |
| $25,000+ | 1.05% | 1.06% |
| Deposit Tier | Interest Rate | APY |
|---|---|---|
| N/A | 0.05% | 0.05% |
Savings, Business Savings, and Youth Savings Accounts require $5.00 minimum balance be maintained to remain open.
Certificate Rates
Effective Date: August 19, 2024
A penalty may be imposed for early withdrawal.
| Deposit Tier | Term | Interest Rate | APY* |
|---|---|---|---|
| Certificate $500 minimum deposit | 6 Month | 2.60% | 2.63% |
| 12 Month | 3.50% | 3.56% | |
| 24 Month | 2.66% | 2.69% | |
| 36 Month | 2.70% | 2.73% | |
| 48 Month | 2.70% | 2.73% | |
| 60 Month | 2.70% | 2.73% | |
| Certificate $10,000 minimum deposit | 6 Month | 2.70% | 2.73% |
| 12 Month | 3.60% | 3.66% | |
| 24 Month | 2.76% | 2.79% | |
| 36 Month | 2.80% | 2.83% | |
| 48 Month | 2.80% | 2.83% | |
| 60 Month | 2.80% | 2.83% | |
| Certificate $100,000 minimum deposit | 6 Month | 2.80% | 2.84% |
| 12 Month | 3.75% | 3.82% | |
| 24 Month | 2.86% | 2.90% | |
| 36 Month | 2.90% | 2.94% | |
| 48 Month | 2.90% | 2.94% | |
| 60 Month | 2.90% | 2.94% | |
| IRA $500 minimum deposit | 6 Month | 2.51% | 2.54% |
| 12 Month | 3.58% | 3.64% | |
| 24 Month | 2.66% | 2.69% | |
| 36 Month | 2.70% | 2.73% | |
| 48 Month | 2.70% | 2.73% | |
| 60 Month | 2.70% | 2.73% | |
| IRA $10,000 minimum deposit | 6 Month | 2.61% | 2.64% |
| 12 Month | 3.68% | 3.74% | |
| 24 Month | 2.76% | 2.79% | |
| 36 Month | 2.80% | 2.83% | |
| 48 Month | 2.80% | 2.83% | |
| 60 Month | 2.80% | 2.83% | |
| IRA $100,000 minimum deposit | 6 Month | 2.71% | 2.74% |
| 12 Month | 3.78% | 3.85% | |
| 24 Month | 2.86% | 2.90% | |
| 36 Month | 2.90% | 2.94% | |
| 48 Month | 2.90% | 2.94% | |
| 60 Month | 2.90% | 2.94% |
| Term | Interest Rate | APY* |
|---|---|---|
| 6 Month | 2.60% | 2.63% |
| 12 Month | 3.50% | 3.56% |
| 24 Month | 2.66% | 2.69% |
| 36 Month | 2.70% | 2.73% |
| 48 Month | 2.70% | 2.73% |
| 60 Month | 2.70% | 2.73% |
| Term | Interest Rate | APY* |
|---|---|---|
| 6 Month | 2.70% | 2.73% |
| 12 Month | 3.60% | 3.66% |
| 24 Month | 2.76% | 2.79% |
| 36 Month | 2.80% | 2.83% |
| 48 Month | 2.80% | 2.83% |
| 60 Month | 2.80% | 2.83% |
| Term | Interest Rate | APY* |
|---|---|---|
| 6 Month | 2.80% | 2.84% |
| 12 Month | 3.75% | 3.82% |
| 24 Month | 2.86% | 2.90% |
| 36 Month | 2.90% | 2.94% |
| 48 Month | 2.90% | 2.94% |
| 60 Month | 2.90% | 2.94% |
| Term | Interest Rate | APY* |
|---|---|---|
| 6 Month | 2.51% | 2.54% |
| 12 Month | 3.58% | 3.64% |
| 24 Month | 2.66% | 2.69% |
| 36 Month | 2.70% | 2.73% |
| 48 Month | 2.70% | 2.73% |
| 60 Month | 2.70% | 2.73% |
| Term | Interest Rate | APY* |
|---|---|---|
| 6 Month | 2.61% | 2.64% |
| 12 Month | 3.68% | 3.74% |
| 24 Month | 2.76% | 2.79% |
| 36 Month | 2.80% | 2.83% |
| 48 Month | 2.80% | 2.83% |
| 60 Month | 2.80% | 2.83% |
| Term | Interest Rate | APY* |
|---|---|---|
| 6 Month | 2.71% | 2.74% |
| 12 Month | 3.78% | 3.85% |
| 24 Month | 2.86% | 2.90% |
| 36 Month | 2.90% | 2.94% |
| 48 Month | 2.90% | 2.94% |
| 60 Month | 2.90% | 2.94% |
Schedule of Fees & Charges
At UMCU, we always value transparency. Below you’ll find our schedule of fees and charges, so you’re never hit with an unexpected fee.
- Checking Account Fees
- Overdraft Fees
- Visa® Debit Card & ATM Fees
- Loan Fees
| Account/Activity | Fee |
|---|---|
| Account/Activity Checking: Go Blue™ Checking, Detroit Lions Checking, Checking | Fee No monthly fee |
|
Account/Activity Interest Checking Monthly Maintenance (no monthly maintenance fee with a minimum daily balance of $500) |
Fee $8.00 |
|
Account/Activity Stop payment (per stop requested)
Please note that a stop payment made using online banking is valid for two weeks. Before the two-week expiration date, you will receive a form from the credit union that you can use to authorize an extension of the stop payment. You need to sign the form and return it to UMCU. |
Fee $30.00 |
| Account/Activity Temporary Checks (quantity of 4) | Fee $2.00 |
| Account/Activity Courtesy Pay* | Fee $30.00 |
|
Account/Activity Non-Sufficient Funds* (each time check or preauthorized withdrawal is presented) |
Fee $30.00 |
|
Account/Activity Overdraft Protection (preauthorized transfers from savings, checking, Visa® or Line of credit) |
Fee $2.00 per transfer to your Checking or Savings account |
| Account/Activity Replacement Card | Fee $7.50 |
|
Account/Activity Non-UMCU/Non-EMUCU/Non-CO-OP Network ATM Transaction
(Fee waived for 4 transactions per month for accounts in good standing. All transactions free for CU+ accounts in good standing. Additional surcharge fees charged by non-UMCU and non-EMUCU ATM owners may apply.) |
Fee $2.00 |
|
Account/Activity Foreign Transaction |
Fee 1% of the transaction amount after it is converted into U.S. dollars |
| Account/Activity Sales Draft Copy | Fee $10.00 |
| Account/Activity Late Loan Payment | Fee Refer to your loan contract for late fee amount |
| Account/Activity Lien Verification (per month after 45 days) | Fee $75.00 |
| Account/Activity Loan Payment Returned | Fee $30.00 |
| Account/Activity Refinance of UMCU or EMUCU Loan | Fee $75.00 |
| Account/Activity | Fee |
|---|---|
| Checking: Go Blue™ Checking, Detroit Lions Checking, Checking | No monthly fee |
| Interest Checking Monthly Maintenance (no monthly maintenance fee with a minimum daily balance of $500) |
$8.00 |
| Stop payment (per stop requested)
Please note that a stop payment made using online banking is valid for two weeks. Before the two-week expiration date, you will receive a form from the credit union that you can use to authorize an extension of the stop payment. You need to sign the form and return it to UMCU. |
$30.00 |
| Temporary Checks (quantity of 4) | $2.00 |
| Account/Activity | Fee |
|---|---|
| Courtesy Pay* | $30.00 |
| Non-Sufficient Funds* (each time check or preauthorized withdrawal is presented) |
$30.00 |
| Overdraft Protection (preauthorized transfers from savings, checking, Visa® or Line of credit) |
$2.00 per transfer to your Checking or Savings account |
| Account/Activity | Fee |
|---|---|
| Replacement Card | $7.50 |
| Non-UMCU/Non-EMUCU/Non-CO-OP Network ATM Transaction
(Fee waived for 4 transactions per month for accounts in good standing. All transactions free for CU+ accounts in good standing. Additional surcharge fees charged by non-UMCU and non-EMUCU ATM owners may apply.) |
$2.00 |
Foreign Transaction |
1% of the transaction amount after it is converted into U.S. dollars |
| Sales Draft Copy | $10.00 |
| Account/Activity | Fee |
|---|---|
| Late Loan Payment | Refer to your loan contract for late fee amount |
| Lien Verification (per month after 45 days) | $75.00 |
| Loan Payment Returned | $30.00 |
| Refinance of UMCU or EMUCU Loan | $75.00 |