VAPR Federal Credit Union

 

Your Full Service Credit Union

VAPR Federal Credit Union provides members with a full range of financial services, such as checking accounts to help you manage your money, a wide selection of share accounts for your convenience, retirement accounts (IRA) to prepare you for the future, MasterCard credit card and loans to fulfill your dreams today. VAPR is the institution of first choice for all of these services.
 

Share Accounts
Tax Obligations
Share Certificates
Individual Retirement Account (IRA)
Children's Savings Account
Vacation Club
Christmas Club
Checking Accounts
Special Occasion Checks
Automatic Teller Machine Card (ATM)
Internet & Mobile Banking
eStatement
Telecoop
Money Orders
Motor Vehicle Registration Level
Personal loans and Secure loans
Take a Vacation, Furnish your Home, Repair your Credit, Meet your Needs
Loans for Meetings Tax Obligations
Loans for Unforeseen Expenses:
Checking Account Reserves, Credit Lines, Funeral Costs or Mausoleums
Car Loans
Used Cars
Transfer Your Auto Loan
To qualify for an Auto Loan Transfer
Mortgage Loans
Construction Loan
Credit Card MasterCard
MasterCard for college students


 

 

 

Share Accounts

As a VAPR Federal Credit Union member, you can earn dividends on your shares account. You can open an account with as little as $25, but the higher your balance, the higher the dividends you earn. Your dividends rise when your balance reaches $3,000, go up again at $15,000 and hit the top level once you have $50,000 in the account. So the more you save, the faster your savings grow.

Inactivity fees may apply. You can prevent an inactivity fee by making any type of deposit or withdrawal to the account.

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Share Account for Meeting

Tax Obligations

VAPR Federal Credit Union offers a tax savings account for members whose salaries are not subject to tax withholding or for any other member that wishes to save money to meet tax obligations. Members can have a set amount deposited in the account regularly so the money will be there when the taxes are due.

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Share Certificates

Your savings grow even faster in a share certificate account. You can choose a time period ranging from three months up to five years with a minimum investment of $1,000. Dividends are paid monthly, quarterly, or at maturity. Also, dividends can be added to the principal. There is a penalty for early withdrawal.

Like the share accounts and checks, the share certificates are insured up to $250,000. By the National Credit Union Administration, a Federal Government Agency.

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Individual Retirement Account (IRA)

Opening an IRA at VAPR Federal Credit Union makes double good sense. Your money grows for your retirement years and most married couples can deduct up to $10,000 on their tax return, or $5,000 for individuals (according to prevailing legislation). A VAPR Federal Credit Union IRA means lower taxes today and a more secure retirement later.

  • The regular VAPR IRA may be opened with just $500.00.
  • Interest rates are guaranteed for the length of your IRA.
  • You may choose terms of 1, 2, 5 or 10 years. The longer the term, the greater the dividend.
  • Insured up to $250,000 by the National Credit Union Administration.


Opening an IRA now puts the advantage of time on your side, helping your savings grow as your dividends compound.

 

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Children's Savings Account

The VAPR Kids Club is a saving account specially designed for children under twelve. The advantages of this account are: ,

  • No minimum balance required to open account
  • You may keep any balance in your account
  • Monthly account statement
  • No service charge


In addition your children receive:

  • Birthday and Christmas cards
  • A Kids Club member's identification card
  • A gift when the account is opened

 

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Vacation Club

Account specially designed to save for vacations. Members choose when to initiate deposits, amount of money, and frequency of deposits. The account can be open or closed anytime during the year.

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Christmas Club

An account designed to save for Christmas shopping. You may open it at anytime, but the earlier the better because then you can contribute for a longer period of time and it can grow more. Dividends are paid in November. Each member decides the amount and the frequency the deposits.

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Checking Accounts

Your checking account is the main tool for managing your money and VAPR Federal Credit Union makes it easy and inexpensive. You can open an account with as little as $100. If you maintain a minimum balance of $500 the account is cost-free and you will earn dividends. Dividends are computed daily and credited to your account on a monthly basis. Your checking account includes a courtesy protection plan that covers overdrafts of up to $500 (some charges & restrictions apply). Also, you can apply for reserve credit line of up to $5,000 to transfer money automatically from your reserve account to your checking account in case of an overdraft due to insufficient funds.

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Special Occasion Checks

Give with class, use our Special Occasion Checks. You may choose checks for a special occasion. We have them for Weddings, Anniversaries, Mother's Day, Father's Day, Graduations, Birthdays, Christmas, and one for any special occasion.

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Automatic Teller Machine Card (ATM)

With your VAPR Federal Credit Union card and your confidential Personal Identification Number, you can withdraw funds from your checking or share accounts. Also you can pay for goods and services where ATH is honored. Transactions at the VAPR Federal Credit Union's own automatic teller machines are always free. Transactions performed at other banks, have an additional charge that applies after the eleventh transaction.

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Internet & Mobile Banking

Access your accounts 24 hours a day, 7 days a week, through www.vaprfcu.com

Some of the services offered through Internet Banking include: bill payment, accounts management, transfer of funds to and from accounts at other financial institutions, information of balances and transactions, information on products and services, loan's payoff information, request of stop payments, order checks, among other services.

Internet banking is also available through mobile access. It requires utilization of a "smartphone".

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eStatement

Your monthly statement is available online at www.vaprfcu.com. It is convenient, safe, fast, and free. Subscribe to eStatement and help us protect the environment by saving paper, resources and time!

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Telecoop

Our voice automatic system with 24 hour access for obtaining information on your account balances, determining the amount of loan payments, making transfers, paying your loans, and for information on the most recent checks we have processed.

For direct access call 787-773-7620.

To access the system you need a PIN number.  If you need a PIN number or want to change your actual PIN call customer service at 787-764-3729 or 1-800-981-8259.

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Money Orders

The maximum amount is one thousand dollars ($1,000.00) and the charge is two dollars ($2.00).

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Motor Vehicle Registration Level

The service charge is three dollars ($3.00).

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Personal loans and Secure loans

VAPR Federal Credit Union offers members a wide variety of loans, including personal loans of up to $40,000, to meet many needs. Depending on the amount of the loan, you can take between three years to seven years to repay if you like. The shorter the term of the loan, the lower your interest rate.

Depending on the member's credit rating and the length of the repayment, the rate can change. For members with good credit the interest rate can be a figure still far lower than credit cards rates or loans offered by some other sources. Different interest rates apply to different types of credit.

Even lower rates are available for secured loans. Members who guarantee their loans with shares in the credit union can take up to a maximum of 84 months to repay. Become a member »

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Take a Vacation, Furnish your Home, Repair your Credit, Meet your Needs

Ready to take the family on that dream vacation? Need new furniture for your home? Does your credit need repair? You'll save money by going to VAPR Federal Credit Union which offers loans for all of these purposes at low interest rates.
Members can borrow up to $3,500 for a vacation or up to $3,000 to buy furniture and appliances (storm shutters, water tanks, generators, computers, solar water heaters, etc.), with the best interest rate.

VAPR Federal Credit Union offers terms far better than most furniture or department stores and much lower rates than credit cards.

Loans are also available for car and property insurance and opening an IRA. Become a member>>

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Loans for Meetings Tax Obligations

We also offer loans of up to $25,000 to pay income taxes. The interest rates are the same as for personal loans and VAPR provides a check made out to the Secretary of the Treasury for the exact amount of the taxes due. Become a member »

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Loans for Unforeseen Expenses:

 

Checking Account Reserves, Credit Lines, Funeral Costs or Mausoleums

When unexpected expenses unbalance your budget, VAPR Federal Credit Union is there with services designed to meet your needs and get you back on schedule.

Members with a checking account can apply for a reserve, ranging from $100 up to $5,000 to cover temporary shortfalls. Credit lines are also available, up to $3,000 to help members handle unforeseen expenses. Monthly payments for both checking reserve accounts and revolving credit agreements can be as low as $35 a month.

In the unfortunate event of the death of a family member, you can borrow up to $6,000 to cover funeral expenses. Become a member »

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Car Loans

Do you have a new car on mind? Once you have made your choice, your next stop is at VAPR Federal Credit Union. We are leaders in Auto Loans, with the lowest interest and zero down payment.
You can take as long as five years (60 months) to repay a loan of up to $12,000 for a new car. Loans for cars over $12,001 can be extended to six years (72 months), and cars over $25,000 can be financed for up to seven years (84 months). You can choose to make no down-payment contrary to what is required by most banks. Become a member »

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Used Cars

Loans are also available for used cars. Depending of the year and price of the car, repayment schedules range from three years (36 months) up to seven years (84 months). You can make a down payment of as little as ten percent of the cost or market value of the car. Sometimes it's possible to obtain the same low rate offered for new car loans. Become a member »

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Transfer Your Auto Loan

The VAPR Federal Credit Union is offering its members a unique product in car loans. For those members who have purchased a new car with financing at another institution, we are offering to transfer their car loan to the Credit Union at a lower interest rate. In some cases the same low rate offered for new car auto loans. Also if the value of the car is of $25,000 or more you can choose to repay up to seven years (84 months) after. Become a member »

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To qualify for an Auto Loan Transfer

The member must meet all requirements set out in our auto loan policy. Refinancing could be up to seven years (84 months) based on the value of the car.

For transfers of new car loans financed at other financial institutions, the annual interest rate will be that established in our new car policy, or any other valid offer of a special annual interest rate, whichever is lower.
For transfers of used car loans financed at other financial institutions, the annual interest rate will be that set out in our used car policy.
The member must pay incidental costs such as contract registration or fees and any other required expenses. Become a member »

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Mortgage Loans

To help you make your most important investment, VAPR Federal Credit Union offers both conforming and non-conforming mortgages, home-equity loans, refinancing and loans to purchase land.
VAPR offers a choice of conventional, or VA mortgages to help you buy your first home and can also help you refinance your existing mortgage or purchase a second property. "Non-conforming" mortgages of up to $85,000 are also available.
Home-equity personal loans of up to $60,000 are available. You can choose from a fixed-rate or variable-rate loan and take up to 20 years to repay. The shorter the term of the loan, the lower the interest rate.
Want to purchase a lot of land? We can help you purchase or refinance your land. Become a member »

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Construction Loan

We offer construction loans for the financing of a primary residence. Approval is subject to the proper documentation from the regulation agencies.
Products:

  • Lot purchase and construction
  • Refinance

Become a member »

 

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Credit Card MasterCard

Enjoy the privileges of the VAPR Federal Credit Union Credit Card MasterCard by choosing either the classic card or the gold card, with an interest rate so low you can't resist.
Accepted at thousands of businesses worldwide and access to cash at more than 350,000 ATM's.
Includes reward program (Recompensa) where the member accumulates points with each transaction performed with the credit card, that can later be redeemed for cash.

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MasterCard for college students

It designed to initiate the credit experience of the university youth.
The student must be between 18 and 25 years of age at the moment applying for the card. A co-signature of the parents will be required for students between the ages of 18 and 21, unless the student is emancipated.
Benefits: No annual quota, special interest rate, and rewards program: Recompensa.

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