MTCU rates are structured to benefit you.

As a not-for-profit credit union in Midland, Texas, we make decisions with our members' best interests in mind. That means we provide competitively low rates for loans, mortgages and credit cards while paying higher dividends on savings. All of our rates focus on the same objective - helping you get the most out of your money.
The Dividend rates and Annual Percentage Yield may change monthly as determined by the Credit Union's Board of Directors. CD rates are subject to change daily. Early Withdrawal Penalties may reduce your earnings.

Loan Rates

Auto Loan Rates

Effective: September 23, 2019
Product TypeRepayment TermsAPR as low as
New AutoUp to 84 Months3.81%
Used AutoUp to 84 Months4.31%
Collateral Loans New or Used (Non Purchase)Up to 84 Months5.56%
Personal Loans with Discount for Auto Pay &  Direct DepositUp to 48 Months12.95%
APR= Annual Percentage Rate

*Example: A $20,000 Auto Loan balance with a 60 month term and an APR of 3.81% has a monthly payment of $368.00. For a more detailed payment amount, use our loan calculator under Resources. The example monthly payment includes only principal and interest. Does not include taxes or other fees.

Personal Loan Rates

Effective: September 23, 2019
Product TypeRepayment TermsAPR as low as
PayDay Alternative Loans Maximum Term 6 Months28.00%
MasterCard Revolving11.90%
Mastercard GoldRevolving10.90%
Platinum CardRevolving 9.00%
Share Secured MasterCardRevolving11.90%
Home Equity5 to 15 Years Rates Change Weekly Please call your Mortgage Loan Officer

Platinum Card

September 23, 2019
Product Type based on CreditworthinessAPR will vary with the market based on the Prime Rate
Tier 19.00%
Tier 212.00%
Tier 316.00%

Share Secured & Money Market

Effective: September 23, 2019
Product TypeRepayment TermsAPR as low as
Share Secured & Money MarketUp to 24 Months2% above Dividend Rate
Share Secured & Money MarketUp to 36 Months3% above Dividend Rate
Share Secured & Money MarketUp to 48 Months4% above Dividend Rate

LifeLine

September 23, 2019
Product Type based on CreditworthinessAPR will vary with the market based on the Prime Rate
P & A Paper or Tier 110.00%
B Paper or Tier 212.00%
C & D Paper or Tier 316.00%

CD Loans

Effective: September 23, 2019
Product TypeRepayment TermsAPR as low as
CD LoansUp to 24 Months2% above CD Rate
CD LoansOver 24 Months3% above. CD Rate

Account Rates

Checking

Dividend Declaration Date: September 23, 2019
Share TypeMin Bal to openBalance Required to Earn Stated YieldDividend RateAPY*Credited Frequency
InControl Checking$25.00N/AN/AN/AN/A
Checking Accounts$25.00 N/AN/AN/AN/A

Regular Shares/Special Tiered**

Dividend Declaration Date: September 23, 2019
Share TypeDividend RateAPY*Credited Frequency
Regular Shares/Special Tiered from $100.00 to $10,0000.15%0.15%Monthly
Regular Shares/Special Tiered from $10,000.01 to $25,0000.25%0.25%Monthly
Regular Shares/Special Tiered from $25,000.01 to $50,0000.35%0.35%Monthly
Regular Shares/Special Tiered from $50,000.010.45%0.45%Monthly

IRA Savings Account

Dividend Declaration Date: September 23, 2019
Share TypeDividend RateAPY*Credited Frequency
IRA Savings Account less than $25,0000.47%0.47%Monthly
IRA Savings Account from $25,000.01 to $50,0000.84%0.84%Monthly
IRA Savings Account from $50,000.01 to $99,0000.84%0.84%Monthly
IRA Savings Account from $99,000.010.97%0.97%Monthly

Kasasa

Dividend Declaration Date: September 23, 2019
Share TypeMin Bal to openBalance Required to Earn Stated YieldDividend RateAPY*Credited Frequency
Kasasa Saver $0.00Less than $10,000.00 and Qualifications Met0.75%0.75%Monthly
Kasasa Saver$0.00Greater than $10,000.01 & Qualifications Met0.25%0.25%Monthly
Kasasa Saver$0.00Qualifications Not Met0.01%0.01%Monthly
Kasasa Cash$25.00 Less than $10,000.00 & Qualifications Met2.50%2.53%Monthly
Kasasa Cash$25.00 Greater than $10,000.01 and Qualifications Met0.25%0.25%Monthly
Kasasa Cash$25.00 Qualifications Not Met0.01%0.01%Monthly
Kasasa Cash Back$25.00 N/AN/AN/AN/A

Money Market Shares***

Effective: October 2019
Share TypeDividend RateAPY*Credited Frequency
Money Market Shares from $2,500 to $25,0000.28%0.28%Monthly
Money Market Shares from $25,000.01 - $50,0000.35%0.35%Monthly
Money Market Shares from $50,000.01 - $99,0000.60%0.60%Monthly
Money Market Shares from $99,000.010.70%0.70%Monthly

Certificates of Deposit rates from $1,000 to $49,999

Effective: October 14, 2019
TermDividend RateAPYCredited Frequency
3 Month0.15%0.37%Monthly
6 Month0.60%0.60%Monthly
12 Month1.04%1.05%Monthly
24 Month0.70%0.70%Monthly
60 Month0.90%0.90%Monthly

Certificates of Deposit rates from $50,000 to $98,999

Effective: October 14, 2019
TermDividend RateAPYCredited Frequency
3 Month0.20%0.20%Monthly
6 Month0.65%0.65%Monthly
12 Month1.09%1.10%Monthly
24 Month0.75%0.75%Monthly
60 Month0.95%0.95%Monthly

Certificates of Deposit rates from $99K and over

Effective: October 14, 2019
TermDividend RateAPYCredited Frequency
3 Month0.25%0.25%Monthly
6 Month0.70%0.70%Monthly
12 Month1.14%1.15%Monthly
24 Month0.80%0.80%Monthly
60 Month1.00%1.00%Monthly
*APY = Annual Percentage Yield
**$25.00 minimum balance to open
***$2,500 minimum balance to open