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APY = Annual Percentage Yield. APR = Annual Percentage Rate.

Rates effective as of 02/20/2024

Fees may reduce earnings. Rates subject to change. For more information regarding applicable fees and terms, please contact a SWACU employee.

Effective November 1, 2023: 
Change to Reward Checking Qualification: Effective November 1, 2023. POS debit and qualifying credit card transactions for LUV Rewards Checking must be at least $5.00 in order to be applied towards qualification of 15 debit card transactions per month.

LUV Rewards Checking* Learn More

Balance Dividend Rate APY
0 - $25,000 3.93% 4.00%
$25,000.01+ 0.10% 0.10%
All balances if qualifications not met 0.05% 0.05%

Qualifications

Earning the full rewards is so easy, you're probably already doing it! To earn your rewards, enrollments must be in place and all of the following transactions and activities must post and settle to your LUV Rewards Checking account during each Monthly Qualification Cycle:

  • At least 1 direct deposit or ACH payment transaction
  • At least a combined total of 15 debit card purchases or Platinum credit card purchases with a minimum purchase amount of $5.00.
  • Be enrolled in and agree to receive e-Statements

If you don't meet the qualifications one month, don't worry. There is no penalty, and you still have a free checking account that earns our base rate. Plus, you can get back to earning really high dividends and up to $20.00 in domestic ATM fees incurred during qualification cycle.

LUV Fund Money Market Learn More

Balance APY
$2,000 - $9,999.99 2.50%
$10,000 - $49,999.99 3.00%
$50,000+ 3.50%

Quarterly Account Rates

Account APY Compounded
Regular Savings 0.10%^ Quarterly
Youth Savings 0.10%^ Quarterly
Individual Retirement Account (IRA) 1.00% Quarterly

 

^ Dividends are earned on balances more than $100.

Term Share Certificates / IRA Certificates (Jumbo) Learn More

Term Dividend Rate APY Minimum Amount
6 months 5.34% 5.45% $75,000
12 months 5.25% 5.35% $75,000
24 months 4.04% 4.10% $75,000
36 months 4.04% 4.10% $75,000
48 months 4.28% 4.35% $75,000

Penalties may apply for early withdrawal.

Term Share Certificates / IRA Certificates (Regular) Learn More

Term Dividend Rate APY Minimum Amount
6 months 5.15% 5.25% $1,000
12 months 5.01% 5.10% $1,000
24 months 3.99% 4.05% $1,000
36 months 3.99% 4.05% $1,000
48 months 4.18% 4.25% $1,000

Penalties may apply for early withdrawal.

Personal Loans

Loan Type Term APR Limits
Line of Credit Open 14.90% Based on income and ability to repay**
Signature Up to 60 months 9.49% - 18.00% Based on income and ability to repay**
VISA Platinum Open 13.50% - 18.00%  
VISA Rewards Open 14.50% - 18.00% Based on income and ability to repay**
VISA Signature Open 16.50% - 18.00% Based on income and ability to repay**
Overdraft Protection Open 14.90%  

 

**Loan rates and terms are based on the credit worthiness of the borrower. The actual rate you receive will be based on your credit score and also term.

Other Secured Loans Learn More

Loan Type Term APR Limits
Collateral Balloon Up to 36 months 5.99% - 16.80% NADA Value**
Collateral Up to 72 months 4.99% - 18.00% NADA Value**
Share Secured Max. 36 months 4 points above Regular Share Rate Share in excess of $5 minimum
Certificate Secured n/a 4 points above Certificate Rate Life of Certificate

**Loan rates and terms are based on the credit worthiness of the borrower. The actual rate you receive will be based on your credit score and also term.

Auto & Motorcycle Loans

Loan Type Term APR Limits
New & Used  Auto Up to 36 Months** 5.49% - 15.30% 100% Financing**
  48 Months** 5.74% - 16.30%   
  60 Months** 5.99% - 16.50%  
  72 Months** 6.14% - 16.70%  

 

Loan Type Term APR Limits
New & Used Motorcycle Up to 36 months** 6.64% - 14.75% 100% Financing**
  48 Months 6.74% - 14.85%  
  60 Months 6.84% - 14.95%  
  72 Months 6.94% - 15.05%  

**Loan rates and terms are based on the credit worthiness of the borrower. The actual rate you receive will be based on your credit score and also term.

Example Repayment Term (Auto): 60 monthly payments of $966.41 for a $50,000 loan at 5.99% APR.

Example Repayment Term (Motorcycle): 60 monthly payments of $986.29 for a $50,000 loan at 6.84% APR.

New & Used Recreational Vehicles Learn More

Term APR Limits
Up to 36 months 6.64% - 14.75% NADA Value**
48 months 6.74% - 14.85% NADA Value**
60 months 6.84% - 14.95% NADA Value**
72 months 6.94% - 15.05% NADA Value**
84 months 7.34% - 15.45% NADA Value**

**Loan rates and terms are based on the credit worthiness of the borrower. The actual rate you receive will be based on your credit score and also term.

Example Repayment Term: Example Repayment Term: 60 monthly payments of $980.42 for a $50,000 loan at 6.59% APR.

New & Used Boats Learn More

Term APR Limits
Up to 36 months 6.64% - 14.75% NADA Value**
48 months 6.74% - 14.85% NADA Value**
60 months 6.84% - 14.95% NADA Value**
72 months 6.94% - 15.05% NADA Value**
84 months 7.34% - 15.45% NADA Value**

 

**Loan rates and terms are based on the credit worthiness of the borrower. The actual rate you receive will be based on your credit score and also term.

Example Repayment Term (New and Used Boat): 60 monthly payments of $986.29 for a $50,000 loan at 6.84% APR.

Airplane Loans Learn More

Term APR Limits
Up to 60 months 5.89% - 7.80% 75-90% LTV***
72 months 6.14% - 8.15% 75-90% LTV***
84 months 6.65% - 8.40% 75-90% LTV***
96 months 6.75% - 8.55% 75-90% LTV***
108 months 6.85% - 8.70% 75-90% LTV***
120 months 6.95% - 8.85% 75-90% LTV***

 

***LTV=Loan to Value. Loan rates and terms are based on the credit worthiness of the borrower. The actual rate you receive will be based on your credit score and also term. 

Example Repayment Term: 60 monthly payments of $964.08 for a $50,000 loan at 5.89% APR

 

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