Rates & Fees
4Front Credit Union is proud of our commitment to offering the very best value for our members. While we make every effort to maintain updated and accurate information, these rates and terms are subject to change without notice.
| Personal Loan | Business Savings/Checking |
| Personal Savings/Checking | Business Loans |
| Personal CD/IRA | Business CD/IRA |
We don't like fees. Fees are not our friends here at 4Front. Read more about how we feel about fees.
| Secured Loans | |
| Effective Date: Monday, January 21st, 2019 | |
| Autos, motorcycles, motor homes, campers, watercraft, RVs, ATVs, snowmobiles & tractors | |
| Term | APR as low as* |
| 12 to 66 months | 4.44% |
| 67 to 78 months | 4.64% |
| 79 to 84 months | 5.24% |
| 85 to 120 months | 5.54% |
| 121 to 180 months | 6.34% |
*Rates and terms determined by member's credit worthiness and down payment | |
| Personal Loans | ||
| Effective Date: Monday, January 21st, 2019 | ||
| Loan Type | Term | APR as low as* |
| Signature (Unsecured) | 60 months | 9.24% |
| Share Secured2 | 60 months | 4.10% |
2Share secured rate is 4.0% over the APY of the current Prime Share rate | ||
| Other Loans | ||
| Effective Date: Monday, January 21st, 2019 | ||
| Loan Type | Term | APR as low as* |
| Smart Credit Mastercard | Variable | 11.21% |
| Overdraft Protection | Variable | 11.21% |
*Rates determined by member's credit worthiness and down payment | ||
| Home Equity Loans | ||
| Effective Date: Monday, January 21st, 2019 | ||
| Loan Type | Loan-to-Value | APR as low as* |
| Open-end Line of Credit |
80.00% | Prime |
| Open-end Line of Credit |
90.00% | Prime + 1.50% |
*Rates determined by member's credit worthiness and down payment | ||
MORTGAGES
(updated 01/18/2019 8:25 AM CT)
| Conventional | Rate | *APR | Points |
| 4.622% | 0.250% | 4.172% | 0.250% |
| 97% Conventional | Rate | *APR | Points |
| 5.332% | 0.000% | ||
| FHA | Rate | *APR | Points |
| 5.534% | 0.000% | 5.442% | 0.000% |
* Annual Percentage Rate
A 30 year fixed rate mortgage provides a monthly payment that doesn't change. The fixed rate mortgage is the most popular loan option available today. By choosing a 30 year fixed rate mortgage, you'll have the lowest monthly payment of all the fixed rate loans we offer. Like all the loan programs we offer, there is no prepayment penalty - you can make extra payments monthly or pay off the loan early without penalties or fees.
A 15 year mortgage provides a monthly payment that doesn't change. The fixed rate mortgage is the most popular loan option available today. Often people who are planning for retirement choose the 15-year fixed-rate loan so their home will be paid off when they stop working full time. Monthly payments on a 15-year loan are approximately 25% higher than payments on a 30-year loan even though the interest rates on 15-year loans are typically a quarter of one percent lower. That's because more principal is being repaid with every payment. Like all the loan programs we offer, there is no prepayment penalty - you can make extra payments monthly or pay off the loan early without penalties or fees.
A 30 year fixed rate mortgage provides a monthly payment that doesn't change. The fixed rate mortgage is the most popular loan option available today. By choosing a 30 year fixed rate mortgage, you'll have the lowest monthly payment of all the fixed rate loans we offer. Like all the loan programs we offer, there is no prepayment penalty - you can make extra payments monthly or pay off the loan early without penalties or fees.
FHA mortgages are designed to provide low down payment financing and are a great option to consider if you are trying to finance a new home with as little cash as possible. A fixed rate mortgage provides the security of a monthly payment that won't change.
FHA mortgages are designed to provide low down payment financing and are a great option to consider if you are trying to finance a new home with as little cash as possible. A fixed rate mortgage provides the security of a monthly payment that won't change.
Personal Savings Rates
| Prime Share | |||
| Effective Date: Monday, January 21st, 2019 | |||
| Type | Minimum | Dividend Rate | APY* |
| Prime Share | $1.00 | 0.10% | 0.10% |
| Designated Share | None | 0.10% | 0.10% |
| Christmas Club | None | 0.10% | 0.10% |
| eShare | None | 0.10% | 0.10% |
*Annual Percentage Yield, or the effective annual rate of return taking into account the effect of compounding interest | |||
| Money Market Share | ||
| Effective Date: Monday, January 21st, 2019 | ||
| Average Daily Balance | Dividend Rate | APY* |
| $1,000 - 9,999 | 0.20% | 0.20% |
| $10,000 - 24,999 | 0.25% | 0.25% |
| $25,000 - 49,999 | 0.30% | 0.30% |
| $50,000 or more | 0.35% | 0.35% |
*Annual Percentage Yield, or the effective annual rate of return taking into account the effect of compounding interest | ||
| Certificates of Deposit (Regular, Traditional & Roth IRA) | |||
| Effective Date: Monday, January 21st, 2019 | |||
| Term | Dividend Rate | APY* | Minimum |
| 6 Mo | 0.20% | 0.20% | $1,000 |
| 12 Mo | 0.91% | 0.91% | $1,000 |
| 13 Mo** | 2.02% | 2.04% | $1,000 |
| 18 Mo | 1.00% | 1.01% | $1,000 |
| 24 Mo | 1.23% | 1.24% | $1,000 |
| 30 Mo | 2.02% | 2.04% | $1,000 |
| 36 Mo | 1.43% | 1.44% | $1,000 |
| 48 Mo | 1.60% | 1.61% | $1,000 |
| 60 Mo | 2.26% | 2.29% | $1,000 |
*Annual Percentage Yield, or the effective annual rate of return taking into account the effect of compounding interest | |||
**Available for a limited time. The 13 Month CD with a promotional rate of 2.04% APY must be comprised of funds outside of 4Front Credit Union or 10 percent in additional funds must be added to the monies currently on deposit with 4Front. | |||
| Jumbo Certificates of Deposit (Regular, Traditional & Roth IRA) | |||
| Effective Date: Monday, January 21st, 2019 | |||
| Term | Dividend Rate | APY* | Minimum |
| 12 Mo | 1.05% | 1.06% | $100,000 |
| 18 Mo | 1.15% | 1.16% | $100,000 |
| 24 Mo | 1.38% | 1.39% | $100,000 |
| 30 Mo | 2.17% | 2.19% | $100,000 |
| 36 Mo | 1.58% | 1.59% | $100,000 |
| 48 Mo | 1.75% | 1.77% | $100,000 |
| 60 Mo | 2.41% | 2.44% | $100,000 |
*Annual Percentage Yield, or the effective annual rate of return taking into account the effect of compounding interest | |||
| Health Savings Accounts (HSA) | ||
| Effective Date: Monday, January 21st, 2019 | ||
| Minimum | Dividend Rate | APY* |
| None | 0.10% | 0.10% |
*Annual Percentage Yield, or the effective annual rate of return taking into account the effect of compounding interest | ||
Personal Checking Rates
| Straight4ward Rewards Checking | ||
| Effective Date: Monday, January 21st, 2019 | ||
| Average Daily Balance | Dividend Rate | APY* |
| Up to $15,000 | 4.00% | 4.08% |
*Annual Percentage Yield, or the effective annual rate of return taking into account the effect of compounding interest | ||
| 4Front Checking | ||
| Effective Date: Monday, January 21st, 2019 | ||
| Minimum | Dividend Rate | APY* |
| None | 0.00% | 0.00% |
*Annual Percentage Yield, or the effective annual rate of return taking into account the effect of compounding interest | ||
| Money Market Checking | ||
| Effective Date: Monday, January 21st, 2019 | ||
| Average Daily Balance | Dividend Rate | APY* |
| $1,000 - 9,999 | 0.10% | 0.10% |
| $10,000 - 24,999 | 0.15% | 0.15% |
| $25,000 - 49,999 | 0.15% | 0.15% |
| $50,000 or more | 0.20% | 0.20% |
*Annual Percentage Yield, or the effective annual rate of return taking into account the effect of compounding interest | ||
Personal IRA Rates
| Individual Retirement Accounts (IRA) | |||
| Effective Date: Monday, January 21st, 2019 | |||
| Name | Minimum | Dividend Rate | APY* |
| Traditional IRA | None | 0.84% | 0.84% |
| Roth IRA | None | 0.84% | 0.84% |
*Annual Percentage Yield, or the effective annual rate of return taking into account the effect of compounding interest | |||
Unlike a lot of banks, we don't like fees here at 4Front. We'd like to do away with fees forever but in order to keep offering high rates of return on deposits and some of the lowest loan rates you'll find, we simply can't. But we CAN be very selective about when and why fees are charged. To make sure that we never lose sight of the importance of no or low fees, we've developed a two-part promise to you, our member.
We'll never ding you with a silly fee. We develop creative solutions and products to help you reach your financial goals faster. This is where we want to spend our time and energy, not devising sneaky ways to squeeze a few bucks out of you.
We'll only assess fees that are representative of our cooperative spirit. 4Front is a not-for-profit financial cooperative, which means that every member is an owner with a stake in the success of our institution. We serve each of our members equally, regardless of their account balance. If one requires additional services that take us away from serving the entire membership, it's only fair they reimburse their fellow members for that additional needed attention.
We also pledge to always seek ways to reduce or eliminate current fees and to apply our philosophy to any possible new fees we may be obligated to consider. So there you have it, our perspective on fees... no silly service charges and only those necessary to ensure evenhanded, yet exceptional service and value to our membership.
Personal Fee Schedule
| Share Draft | |
| Effective Date: October 1, 2018 | |
| Name | Fee |
| Image Copy (staff assistance) |
$2.00 per copy |
| Stop Payment | $25.00 per item |
| Bill Pay Inactivity | $5.00 per month (after 2 months of non-use) |
| Check/EFT | |
| Effective Date: January 2, 2015 | |
| Name | Fee |
| Courtesy Pay | $25.00 each (up to 2 per day, then no charge) |
| Foreign Item Deposit | $20.00 per item |
| NSF/EFT Returned | $25.00 each (up to 2 per day, then $5.00 per) |
| Returned Deposited Item (from member's other institution) |
$25.00 per item |
| ACH / External Account Transfer (Online Banking) | |
| Effective Date: August 1, 2016 | |
| Name | Fee |
| New ACH Origination or Change to Existing Origination | $20.00 per item |
| ACH Return or Notice of Change | $15.00 per item |
| ACH Return (unauthorized) |
$25.00 per item |
| External Account Transfer Return or Notice of Change | $15.00 per item |
| External Account Transfer (unauthorized) |
$25.00 per item |
| Miscellaneous | |
| Effective Date: October 1, 2018 | |
| Name | Fee |
| Account Balancing/Research | $25.00 per hour (1 hour minimum) |
| Address Correction | $5.00 per event |
| Card Replacement | $10.00 |
| Card Replacement (rush) | $50.00 |
| Check Cashing (may be waived based upon relationship) |
$3.00 |
| Inactive Checking Account | $5.00 per month (after 6 months of non-use) |
| Garnishment/Escheat/Tax Levy | $25.00 |
| Gift & Reloadable Travel Cards | $3.00 |
| Money Order | $2.00 |
| Non-CO-OP ATM Transaction | 3 free per month (then $1.50 per) |
| Outgoing Domestic Wire | $20.00 |
| Outgoing International Wire | $50.00 |
| Starter Checks | 4 sheets free (then $2.00 per) |
Business Savings Rates
| Business Prime Share | |||
| Effective Date: Monday, January 21st, 2019 | |||
| Type | Minimum | Dividend Rate | APY* |
| Business Prime | $1.00 | 0.10% | 0.10% |
| Business Designated Share | None | 0.10% | 0.10% |
*Annual Percentage Yield, or the effective annual rate of return taking into account the effect of compounding interest | |||
| Business Money Market Share | ||
| Effective Date: Monday, January 21st, 2019 | ||
| Average Daily Balance | Dividend Rate | APY* |
| $5,000 - 24,999 | 0.20% | 0.20% |
| $25,000 - 49,999 | 0.25% | 0.25% |
| $50,000 - 99,999 | 0.25% | 0.25% |
| $100,000 - 249,999 | 0.30% | 0.30% |
| $250,000 or more | 0.35% | 0.35% |
*Annual Percentage Yield, or the effective annual rate of return taking into account the effect of compounding interest | ||
| Business Certificates of Deposit | |||
| Effective Date: Monday, January 21st, 2019 | |||
| Term | Dividend Rate | APY* | Minimum |
| 6 Mo | 0.20% | 0.20% | $1,000 |
| 12 Mo | 0.91% | 0.91% | $1,000 |
| 13 Mo** | 2.02% | 2.04% | $1,000 |
| 18 Mo | 1.00% | 1.01% | $1,000 |
| 24 Mo | 1.23% | 1.24% | $1,000 |
| 30 Mo | 2.02% | 2.04% | $1,000 |
| 36 Mo | 1.43% | 1.44% | $1,000 |
| 48 Mo | 1.60% | 1.61% | $1,000 |
| 60 Mo | 2.26% | 2.29% | $1,000 |
*Annual Percentage Yield, or the effective annual rate of return taking into account the effect of compounding interest | |||
**Available for a limited time. The 13 Month CD with a promotional rate of 2.04% APY must be comprised of funds outside of 4Front Credit Union or 10 percent in additional funds must be added to the monies currently on deposit with 4Front. | |||
| Business Jumbo Certificates of Deposit | |||
| Effective Date: Monday, January 21st, 2019 | |||
| Term | Dividend Rate | APY* | Minimum |
| 12 Mo | 1.05% | 1.06% | $100,000 |
| 18 Mo | 1.16% | 1.16% | $100,000 |
| 24 Mo | 1.38% | 1.39% | $100,000 |
| 30 Mo | 2.19% | 2.19% | $100,000 |
| 36 Mo | 1.58% | 1.59% | $100,000 |
| 48 Mo | 1.75% | 1.77% | $100,000 |
| 60 Mo | 2.41% | 2.44% | $100,000 |
*Annual Percentage Yield, or the effective annual rate of return taking into account the effect of compounding interest | |||
Business Checking Rates
| 4Front Business Checking | ||
| Effective Date: Monday, January 21st, 2019 | ||
| Average Daily Balance | Dividend Rate | APY* |
| $5,000 - 24,999 | 0.15% | 0.15% |
| $25,000 - 49,999 | 0.20% | 0.20% |
| $50,000 - 99,999 | 0.20% | 0.20% |
| $100,000 or more | 0.25% | 0.25% |
*Annual Percentage Yield, or the effective annual rate of return taking into account the effect of compounding interest | ||
Business Loan Rates
| Business Smart Credit MasterCard | ||
| Effective Date: Monday, January 21st, 2019 | ||
| Name | Term | APR as low as* |
| Business Smart Credit Mastercard |
Revolving | Prime + 6.50% |
*Rates determined by member's credit worthiness and down payment | ||
Business Fee Schedule
| Share Draft | |
| Effective Date: March 1, 2016 | |
| Name | Fee |
| Image Copy (staff assistance) |
$2.00 |
| Stop Payment | $25.00 per item |
| Business Checking | 100 free per month (then .25 per) |
| Business Checking - 501(c)(3) | 300 free per month (then .25 per) |
| Business Bill Pay | 10 free per month (then $.75 per) |
| Business Bill Pay Inactivity | $5.00 per month (after 2 months of non-use) |
| Check/EFT | |
| Effective Date: October 1, 2018 | |
| Name | Fee |
| Foreign Item Deposit | $20.00 per item |
| NSF/EFT Returned | $25.00 each (up to 2 per day, then $5.00 per) |
| Returned Deposited Item (from member's other institution) |
$25.00 |
| Overdraft Protection | $10.00 per transfer |
| ACH | |
| Effective Date: August 1, 2016 | |
| Name | Fee |
| New ACH Origination or Change to Existing Origination | $20.00 per item |
| ACH Return or Notice of Change | $15.00 per item |
| ACH Return (unauthorized) |
$25.00 per item |
| Treasury Management Services | |
| Effective Date: October 1, 2018 | |
| Name | Fee |
| ACH Service Fee | $15.00 per month, $0.10 per transaction |
| ACH Return or Notice of Change | $15.00 per item |
| ACH Return (unauthorized) |
$25.00 per item |
| Autobooks Service Fee | $10.00 per month |
| Remote Deposit Capture (RDC) Service Fee | $45.00 per month |
| Miscellaneous Fees | |
| Effective Date: October 1, 2018 | |
| Name | Fee |
| Account Balancing/Research | $25.00 per hour (1 hour minimum) |
| Address Correction | $5.00 per event |
| Card Replacement | $10.00 |
| Card Replacement (rush) | $50.00 |
| Inactive Checking Account | $5.00 per month (after 6 months of non-use) |
| Garnishment/Escheat /Tax Levy | $25.00 |
| Gift & Reloadable Travel Cards | $3.00 |
| Money Order | $2.00 |
| Non-CO-OP ATM Transaction Fee | 3 free per month (then $1.50 per) |
| Outgoing Domestic Wire | $20.00 |
| Outgoing International Wire | $50.00 |
| Starter Checks | 4 sheets free (then $2.00 per) |
