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LOAN RATES

There are times when borrowing makes sense. The Credit Union has funds available to help qualified members for the purchase of a new car or to repair the old one, to consolidate bills, to purchase new appliances or furniture for the home, or help out in the case of an unplanned expense.

 

The Credit Union offers all types of loans - new and used automobiles, boats and recreational vehicles, personal property loans, and signature loans. Our rates are set at competitive pricing. You may borrow against your Share Savings account or Certificate of Deposit account to get lower rates.

 

At members' option, the Credit Union offers Credit Life and Disability Benefits on all loans. Premiums are paid by the member, and not by the Credit Union.

 

EFFECTIVE DATE: 1/10/17

 

LOAN RATE SCHEDULE:

 

SHARE SECURED

Share secured loans are available. The interest is 1% percentage point over the dividend rate paid on your shares in the previous quarter, subject to change each quarter. CD secured loans are available. The interest rate is 1% percentage point over the dividend rate paid on your CD, subject to change when your CD matures. If the interest rate on a Share Secured loan or CD Secured loan should change, the changed rate applies only to new loans, not loans currenlty enforced.

SIGNATURE

15.00%  12 MONTHS OR LESS - UP TO $1,000.00 MAXIMUM
15.00%  18 MONTHS OR LESS - UP TO $1,700.00 MAXIMUM

GROSS FAMILY INCOME UP TO:

$1,000.00 MONTHLY - LIMIT $500.00
$2,000.00 MONTHLY - LIMIT $1,000.00
$2,000.00 & OVER MONTHLY - LIMIT $1,700.00

CONSOLIDATION

15.00% - 24 MONTHS OR LESS - UP TO $2,500.00
GROSS FAMILY INCOME ABOVE $2,000.00 MONTHLY
EXPERIAN CREDIT BUREAU RISK SCORE 550 OR HIGHER

PERSONAL PROPERTY

7.5% - NEW
8.9% - USED
48 MONTHS OR LESS

FURNITURE & APPLIANCES

8.4% - NEW
48 MONTHS OR LESS

RECREATION VEHICLE

6.99% - NEW
7.99% - USED
60 MONTHS OR LESS

BOATS & MOTORCYCLES

5.90% - NEW
6.90% - USED
60 MONTHS OR LESS

NEW CAR

3.25% - 72 MONTHS

3.00% - 60 MONTHS

2.75% - 48 MONTHS

2.50% - 36 MONTHS

USED AUTO RATES  ( 10% DOWN PAYMENT MAY BE REQUIRED)

2015 - 2017 - 3.49%   72 MONTHS OR LESS

2012 - 2014 - 3.99% 60 MONTHS OR LESS

2009 - 2011 - 4.49%   48 MONTHS OR LESS

2008 & OLDER - 4.99%   36 MONTHS OR LESS

ON 2013 AND NEWER USED CARS THE CREDIT UNION WILL FINANCE UP TO THE RETAIL VALUE, AND ON 2012 AND OLDER CARS UP TO THE AVERAGE LOAN VALUE PER NADA OFFICIAL USED CAR GUIDE, OR 100% OF SALES PRICE, WHICHEVER IS LESS.

ADDITION OR DELETIONS MAY BE MADE FOR MILEAGE AND VEHICLE OPTIONS.

ON NEW CARS, THE CREDIT UNION WILL FINANCE 100% OF THE CASH PRICE OF THE CAR.

A VEHICLE WILL BE CONSIDERED NEW IF IT HAS LESS THAN 15,000 MILES AND CARRYING A STANDARD NEW CAR WARRANTY. SAME APPLIES TO A PROGRAM CAR OR A DEALER DEMO CAR. MAY BE MODIFIED DEPENDING UPON WARRANTY REMAINING, NUMBER OF MONTHS BEFORE NEW MODELS WILL BE AVAILABLE, ETC.

REFINANCED CAR: THE CREDIT UNION WILL REFINANCE VEHICLE FROM ANOTHER FINANCIAL INSTITUTION - RATES SAME AS ABOVE

 

 

 

 

 

 

 

 

 

 


 

 

 

 

 

 

 

 


 

 

 

 

 

 

 


In This Section
Calculator

NOTICE
Rates are subject to change monthly.

Please contact the Credit Union to confirm current rates.


* APR is Annual Percentage Rate.


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