Current Loan Rates
As of Tuesday, January 06, 2009
- The chart below is used to provide a brief summary of loan rates.
Rates for these products are "as low as" stated.
Rates are determined by an evaluation of applicant credit. Your
rate may vary from the rate shown.
- All rates and terms are subject to change without notice. Rates
shown include all eligible discounts.
- For complete details on any loan product, contact
the Credit Union in person or by phone.
- To calculate loan payments, use this Loan
Calculator.
- Loan application fee is $25.00 (if you have been denied
credit at the Credit Union in the last 6 months), Home Equity
Application is $300.00 (waived during our current
promotion if you agree to borrow $25,000 or more for at least
one year).
|
Loan
Types |
Maximum
Amount |
Maximum
Term |
Variable
Index |
Variable
A.P.R. |
Fixed
APR |
Collateral
Value |
| Vehicle(s) |
$75,000 |
1-48 Months |
N/A |
N/A |
4.49%** |
100% |
|
Boats RV's, Ski
Mobiles & Snow Mobiles Add 1% |
49-60 Months |
N/A |
N/A |
5.49%** |
100% |
| 61-72 Months |
N/A |
|
6.49%** |
100% |
| 1-72 Months |
Prime Rate (-)
1.75% |
3.25%** |
|
100% |
| Terms up to 72 months for model years 2005-2007; up to 60 months for model years 2003, 2004; up to 48 month terms 2000-2003; older vehicles refer to personal (unsecured) rates. |
 |
Home
Equity Loans
Minimum Loan Amount is $15,000
Maximum Term for amounts up to $50,000 - 120 months
Non-owner occupied Maximum LTV 80%,
Maximum Loan Amount $50,000,
Maximum Term 120 Months |
120 Months |
n/a |
n/a |
5.75%**
6.25%**
7.50%**
|
50%
80%
90% |
| 121-180 Months |
n/a |
n/a |
6.25%**
6.75%**
8.00%** |
50%
80%
90% |
|
|
Home Equity LOC(a)
Minimum LOC amount $25,000
Non-Owner Occupied: maximum LTV 80%, Maximum LOC
$50,000 |
Revolving |
Prime Rate
-.80% |
5.95%** |
n/a |
80% |
| Revolving |
Prime Rate
+ 1.00% |
6.00%** |
n/a |
90% |
|
| Pledged Regular Shares
(a) |
Balance in account |
10 Years |
Share Rate + 3.00% |
5.00% |
n/a |
100% |
|
| C.U. Certificates |
Balance in account |
CD Term |
CD Rate + 3.00% |
n/a |
n/a |
100% |
|
| Stock Secured LOC (a)
(c) |
$250,000 |
Revolving |
Prime Rate + .25% |
7.00% |
n/a |
75% |
|
| Stock Secured Loan (a) |
$250,000 |
120 Months |
Prime Rate + .25% |
7.00% |
n/a |
75% |
|
| Signature LOC (a) (c) (d) |
$15,000 |
Revolving |
Prime Rate + 1.7%** |
8.75%** |
n/a |
n/a |
|
| Signature Loan (a) (d) |
$15,000 |
60 Months |
Prime Rate + 1.7%** |
8.75%** |
n/a |
n/a |
|
MasterCard®
(a) (d) |
$15,000 |
Revolving |
Prime Rate + 3.90% |
11.90% |
n/a |
n/a |
| Platinum MasterCard®(a) (d) |
$25,000 |
Revolving |
Prime Rate + .90% |
7.90% |
n/a |
n/a |
|
Notes:
** Rates quoted are "as low as." Actual rates
are based on credit rating.
(a) The Annual Percentage Rate (APR) for all variable rate
loans is adjusted monthly by the Board of Directors in accordance
with a Variable Rate Formula based on the "Prime Lending
Rate" quoted by The Wall Street Journal as of
the 25th of the previous month. The maximum rate that we are
presently permitted under the National Credit Union Act is
18%. The change in rate will take effect the first day of
the first month of the new month.
(b)The minimum variable interest rate for Signature Loans
is 8.75%. For Stock Secured Advances the minimum variable
rate is 7.00%. For MasterCard the minimum variable interest
rate is 11.90%. For Platinum MasterCard the minimum variable
interest rate is 7.90%. For RealtyLine® LOC the minimum
variable interest rate is 5.95%.
(c) Revolving Signature Line of Credit minimum payment is
2.5% per month of the outstanding principal balance or $50,
whichever is greater. Stock Secured Lines of Credit minimum
payments is 1.5% per month of the outstanding principal balance
or $50, whichever is greater.
(d) Maximum unsecured loans to one member is $25,000 including
Signature LOC, Signature Loan, and MasterCard® disbursement
limits.
Minimum amount for any new loan is $500.
View Our Funds Availability Schedule
|
|
