Spojnia Credit Union and The Polish National Union of America will be closed Friday May 24, 2013 at Noon.  Office will be also be closed Monday, May 27, 2013 in observance of Memorial Day.

Deposit Accounts   Loans   Rates  Fees   U2 Youth Club   Miscellaneous   What's New at SCU   Newsletter

 

 

Products and Services

• Services
• Deposit Accounts
• Loans
• Rate and Fee Schedules
• What's New at SCU

Services

• Share Savings Accounts
• No-Fee - Interest Bearing Share Draft Accounts
• Share Certificates
• Loans
• On Line Banking
• Direct Deposit
• Notary Public - Members Only
• U2 Youth Club
• Quarterly Newsletter
• Loan Protection Insurance
• Credit Disability Insurance (CDI)
• Insured up to $250,000 by NCUA
• A voice in your credit union operations
• Each member has a vote!
• An exclusive benefit for The Polish National Union of America - its annuity and policyholders and its branches, districts and affiliated organizations as well as the parishes and affiliated organizations of The Polish National Catholic Church.

 Deposit Accounts

• Share (Savings) Accounts
• Christmas Club
• Vacation Club
• Share Draft (Checking) Accounts
• Share Certificates
• Direct Deposit
• Disclosures

Loans

• Signature Loans
• SCU Select Loans
• Organization Loans
• New and Used Automobile Loans
• Home Equity Loan
• Share Secured Loan
• Collateral Loan
• Holiday/Seasonal  Loans
• Smart Option Student Loan®
• Youth Credit Builder Loan
• Loan Protection Insurance
• Credit Disability Insurance (CDI)

Rate and Fee Schedules

• Share Rates
• Loan Rates
• Fees

What’s New at SCU

 

 It's Here!  - Be the first to know.  Sign up to receive emails on all new products, promotions, special events, rates and office hours.  Sign up soon at www.spojnia.org.        

 

Vacation Club -  Checks disbursed April 1, 2013.  New 2014 Vacation Club starts April 8, 2013 and will run for 50 weeks.                                                                                        

 

NEW SCU SELECT LOAN  For a limited time, apply for the NEW SCU SELECT LOAN.  The SCU Select Loan can be used for anything  -  car repairs, bill consolidation, vacation, remodeling, tuition, fuel bills.  ANYTHING you need to borrow money for.  You Select the reason. The maximum amount is $2500.00, up to 18 months for 5.49% APR*.  Loan applications are available online or by calling 570-344-1513. All policy guidelines and procedures apply.         

*APR - annual percentage rate. 

VISA® Gift Cards - Give the gift that lets them buy what they really want.  Visa® Gift Cards can be used anywhere VISA® is accepted worldwide, including in-store, online and by phone.  So they're more functional than a gift certificate and safer than cash. Great for Mother's and Father's Day, Graduations, First Holy Communion!   $10.00 Minimum Amount, $1000.00 Maximum Amount, $2.50 Service Fee.

SMART OPTION STUDENT LOAN® - Spojnia Credit Union has partnered with CU Student HELP to offer the Smart Option Student Loan® made by Sallie Mae®.  With college costs growing fast, it's time to borrow smarter.  The CU Student Help Smart Option Student Loan® offers multiple repayment options and competitive interest rates to help you pay for college expenses not covered by scholarships and federal loans.  For more information call 1-877-458-8285 or visit their website by clicking here. 

 

Share (Savings) Account - Your share account is your "share" in Spojnia Credit Union as a member.  An initial share deposit of $5.00 is required.  Dividends are declared quarterly by the Board of Directors.

Christmas Club - Holiday expenses are easier when you save throughout the year with a Spojnia Credit Union Christmas Club.  The club runs for fifty weeks and checks are disbursed October 1.  Dividends are calculated by the average daily balance method and posted quarterly.  Maximum amount is $5000.00.

Vacation Club - You work hard all year.  Your vacation is your time to relax and refuel for next year's tough demands. Spojnia Credit Union's Vacation Club is exactly what you need to get the vacation you deserve.  The club begins in April and runs for fifty weeks.  Checks are disbursed each April 1.  Dividends are calculated by the average daily balance method and posted quarterly.  Maximum amount is $5000.00.

Share Draft Account - A Share Draft Account is the same as a checking account.  No per check charge, no monthly maintenance fee, no minimum balance required, dividends are calculated by the average daily balance method and posted monthly.  Checks are ordered through a vendor and mailed directly to your home.  Charges for printing the checks vary according to the style chosen. Limited Time -  open a share draft account and the first box of blue safety checks is FREE!

Share Certificate of Deposit - A Share Certificate is a great way to earn higher annual percentage yield. These time deposits pay the highest possible ratesl  The credit union currently offers a six, twelve, twenty-four and thirty-six month certificate.  Rates are fixed for the entire certificate term.  Dividends are calculated by the average daily balance method and posted quarterly.  A minimum deposit of $1000.00 is required.

Direct Deposit - Your money is automatically deposited and immediately available regardless of where you are.  You don't have to worry about a lost, stolen, or mail delayed check.  Most federal payments are now issued by electronic funds transfer (EFT).  Direct Deposit will be mandatory for all federal government benefit payments by March 1, 2013. 

National Credit Union Share Insurance Fund - a fund maintained by the United States Treasury and administered by the National Credit Union Administration (NCUA).  Similar to the FDIC, the NCUA provides share insurance for credit union members, up to $250,000.00. Example

Disclosures                 

Membership and Account Agreement 

Truth in Savings Disclosure

Electronic Fund Transfers Agreement and Disclosure

Funds Availability Policy Disclosure

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Loans

MEMBER SHARE BALANCES MUST BE AT LEAST $205.00. ($5.00 REQUIRED SHARE AMOUNT PLUS $200.00 PLEDGE TOWARDS LOAN - EACH LOAN WILL REQUIRE A $200.00 PLEDGE)

Signature Loan - A quick and easy way to borrow money without collateral. Terms are available from 12 months to 60 months.  Maximum amount $15,000.00.  Apply Today.

SCU Select Loan  - A short term loan with a maximum of $2500.00.  You select the reason, whether you are paying your taxes, consolidating debt or paying for automobile repairs.  This is the loan you want.  5.49% for 18 months, Maximum $2500, rate of 5.49% APR.  Limited time!  APPLY TODAY

Organization Signature Loan - Parishes and other non-profit associations associated with the Polish National Union of America or the Polish National Catholic Church who have membership with Spojnia Credit Union are eligible to apply for loan.  Maximum amount is $25,000.00.  Terms up to 15 years. Some restrictions apply. APPLY TODAY

New Vehicle Loans - 100% Financing (excluding tax and tags).  Spojnia Credit Union will loan up to $50,000.00.    Collateral - Car Title.  The borrower must carry auto insurance against collision, fire, theft and comprehensive losses and the loss payee clause in favor of the Spojnia Credit Union. Terms up to 72 Months  -  Some restrictions apply.   APPLY TODAY

Used Auto Loans - Maximum amount - granted according to clean loan value listed in NADA Official Used Car Guide. Collateral - Car Title.  When a car title is used as collateral, the borrower must carry auto insurance against collision, fire, theft, and comprehensive losses and the loss payee clause in favor of the Spojnia Credit Union.  Terms up to five (5) years.    APPLY TODAY

Home Equity Loans - When you need to borrow money for any reason, the cash you need may be right in your own home.  Use the funds to consolidate debt, make home improvements, go green, pay for a college education and more. Terms - 5, 10  and 15 years. The maximum loan is not to exceed 85% of the appraised value minus any first mortgage balance.  Spojnia Credit Union will only accept first or second mortgage position.  $100.00 non-refundable application fee.  No Closing Costs!  No Appraisal Fees!  Apply Today

Share Secured Loans - You can make money and spend it too, with a Share Secured Loan.  If you are considering withdrawing money from your share account to fund a purchase, think again.  Why not borrow the money you need against your Share Account.  You will get a great interest rate. Plus you can borrow up to five (5) years, and your money stays in the your account earning interest.  As you pay down the loan, additional funds in your share account become available.  Loan terms up to 60 months.  APPLY TODAY

Collateral Loans - Spojnia Credit Union will loan up to $30,000.00.  Terms up to 48 months.  Collateral - equivalent to amount borrowed is necessary to secure this type of loan.  It may be a car title whereby the lien can be recorded.  Appropriate legal documents are required.  When a car title is used as collateral, the borrower must carry auto insurance against collision, fire, theft, and comprehensive losses, and the loss payee clause, in favor of the Spojnia Credit Union.  APPLY TODAY

Smart Option Student Loan® - Spojnia Credit Union has partnered with CU Student HELP to offer the Smart Option Student Loan® made by Sallie Mae®.  With college costs growing fast, it's time to borrow smarter.  The CU Student HELP Smart Option Student Loan offers multiple repayment options and competitive interest rates to help you pay for college expenses not covered by scholarships and federal loans. APPLY TODAY

Youth Credit Builder Loan - Spojnia Credit Union will extend credit to members at ages 16 and 17.  A parent or guardian will be required to be a co-applicant. The youth must demonstrate the ability to repay the loan by providing proof of income sufficient to cover a monthly loan payment. In an effort to help our youth members establish credit and to promote good borrowing habits; there will be $25.00 required as security against the loan.  A youth will be allowed to borrow against their shares provided that there are sufficient funds to borrow against.  Maximum amount $1000.00. APPLY TODAY

Holiday/Seasonal Loans - Need extra money during the holidays?  Spojnia Credit Union's low interest holiday loans are available.  Minimum amount is $500, Maximum is $2500.  Terms up to 24 months.  APPLY TODAY

Loan Protection Insurance - Spojnia Credit Union borrowers are insured, if eligible, at no cost to themselves, up to the amount of the loan outstanding, in case of unexpected death or permanent total disability.  Maximum amount is $25,000.00.  Insurance terminates on your 70th birthday.

Credit Disability Insurance (CDI) - Spojnia Credit Union offers CDI to eligible members or co-borrowers under age 65 and gainfully employed.  If the borrower (co-borrower) suffers total disability from sickness or accident, which continues beyond the policy-waiting period of fourteen days, loan payments will be made up to policy maximum.  The premium is added to the loan payment. 

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 Rates  

 Effective APRIL 1, 2013 - APY – Annual Percentage Yield - APR – Annual Percentage Rate 

Share Rates	APR	APY	NOTES
Share (Savings) Account	.05%	.05%	$50.01 to $100.00
	.10%	.100%	Over $100.01
Christmas Club Account	.15%	.150%	Maximum $5000.00
Vacation Club Account	.15%	.150%	Maximum $5000.00
Share Draft Rates
Share Draft (Checking) Account	.00%	.00%	Over $50.01
Share Certificates - $1000.00 Minimum
Six (6) Month Share Certificate*	.05%	.050%
Twelve (12) Month Share Certificate*	.20%	.200%
Twenty Four (24) Month Share Certificate*	.30%	.300%
Thirty Six (36) Month Share Certificate*	.40%	.401%
*Share Certificate Rates Change Weekly Penalties apply on early withdrawal
Loan Rates
Shares Loan	3.00%		Up to 48 Months
	3.50%		Up to 60 Months
New Vehicle Loan	1.99%		Up to 24 Months
	2.24%		Up to 36 Months
	2.49%		Up to 48 Months
	2.74%    2.99%		Up to 60 Months    Up to 72 Months
Used Vehicle Loan - Some Restrictions Apply	2.29%		Up to 24 Months
	2.54%		Up to 36 Months
	2.79%		Up to 48 Months
	3.04%		Up to 60 Months
Signature Loan - Maximum $15,000.00
Signature Loan	6.00%		Up to 12 Months
	7.00%		Up to 24 Months
	8.00%		Up to 36 Months
Signature Loan – over $3000.00	9.00%		Up to 48 Months
Signature Loan – over $5000.00	10.00%		Up to 60 Months
Organization Signature Loan – Maximum $25,000.00 Available to: Parishes of the PNCC and non-profit associations associated with the Polish National Union of America and/or the Polish National Catholic Church	3.00%  3.75% ------%	Call for rate	Up to 60 Months  Up to 120 Months  Up to 180  Months*  *Minimum $20,000.00
Youth Credit Builder Loan – Maximum $1000.00	6.00%		Up to 12 Months
Holiday - Vacation Loans - Maximum $2500.00	6.00%		Up to 12 Months
Holiday - Vacation Loan	7.00%		Up to 24 Months
Home Equity Loan	3.00%		Up to 60 Months
Not to exceed 85% of the appraised value minus any first mortgage balance	3.75% ------%	Call for rate	Up to 120 Months  Up to 180 Months* *Minimum $20,000.00

Rates subject to change without notice; however, loan rate received at closing remains in effect the life of the loan.

 

Notice

This rate sheet must be used in conjunction with the Truth-In-Savings account disclosures for you to have complete information regarding your account. Rates and yields are subject to change without notice. A penalty may be imposed for early withdrawal. Fees could reduce the earnings on the account. Withdrawals will reduce earnings. The Annual Percentage Yield ("APY") assumes that interest remains on deposit until maturity. For more information, please contact a Financial Service Representative at 570-344-1513.

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   Fee Schedule

Copy of draft	Fees accessed to the credit union will be passed on to the member as applicable.
Stop payment one check	Fees accessed to the credit union will be passed on to the member as applicable.
Stop payment ACH payment	Fees accessed to the credit union will be passed on to the member as applicable.
Stop payment series of checks	Fees accessed to the credit union will be passed on to the member as applicable.
Wire transfer outgoing	Fees accessed to the credit union will be passed on to the member as applicable.
Wire transfer international	Fees accessed to the credit union will be passed on to the member as applicable.
Nonsufficient funds – preauthorized withdrawal	$20.00 per item
Overdraft fee	$20.00 per item
Returned deposited item	$20.00 per item
Check printing fee	Varies depending on style
Copy of cancel check	$3.00 per draft
Balancing account	$20.00 per hour or fraction thereof

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U2 Youth Club- The Spojnia Credit Union's Board of Directors realizes how important the youth are to the future of the credit union.  Having a share account teaches you how to save money for that something special.  Whether you are saving for a bike or your first car, Spojnia Credit Union is here to help. U2 Youth Club means, you too can save. The youth program is split into three age categories: 0-6 years of age, 7-13 years of age and 14-18 years of age.  An age appropriate gift is given to all new accounts, newsletters and contests are done quarterly. A $500.00 scholarship is given out annually to a Spojnia Credit Union member who is a high school senior furthering their education at the next level.

Notary Service - Make an appointment to have your important papers notarized while you visit the credit union.  Your advance appointment will guarantee that your credit union stop will accomplish all of your errands.  This service is FREE to credit union members.

Members are Owners - Credit unions are non profit organizations that operate to best serve the needs of their members. As a credit union member, you're also part owner of your financial institution.  You and the other members have a voice in how your credit union is run and an equal share of the financial advantages that membership brings.  All members share equal ownership and voting privileges.

Online Banking/Internet Banking - With our internet banking service you can access your account online any time, day or night all from the covenience of your home or office. You can get detailed account and loan balances, histories, pay your bills online and much, much more!

Home Banking/Bill Payment Pamphlet- Helpful hints.

 An exclusive benefit for the Polish National Union of America annuity and policyholders, its branches, districts and affiliated organizations as well as the parishes and affiliated organizations of the Polish National Catholic Church informational pamphlet.

Sprint

 Why Throw Away Your Money? Save with Sprint! Join the over 1.2 Million credit union members nationwide that are already saving over $111 million on their wireless plans! Spojnia Credit Union is pleased to bring our members these major savings through the Sprint Credit Union Member Discount Plan.

Ways you can save:

 Enjoy the perks, benefits and exclusive discounts that only credit union members like you can receive.

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