|
|
|
Loan Rates
As of November 1, 2008 to present
|
|
All rates are designated as low as APR (Annual Percentage Rate) and are periodically set and subject to change without notice. All stated APR are for qualified borrowers only.
All loan rates are fixed for the term, except for Home Equity loans.
|
|
|
Secured Loans
|
As Low As
|
|
24 Months
|
4.99%
|
|
36 Months
|
4.99%
|
|
48 Months
|
4.99%
|
|
60 Months
|
4.99%
|
|
72 Months* *
|
5.24%
|
|
|
|
Unsecured Loans
|
As Low As
|
|
Other Unsecured Closed End Loans***
|
10.00%
|
|
Line of Credit and Overdraft Protection
|
10.00%
|
|
Visa Classic
|
12.9%
|
|
Visa Platinum
|
9.9%
|
|
Visa Share Secured
|
9.9%
|
|
|
*Used vehicles with values of $2,000.00 or less may be financed for a maximum of 24 months at the general signature rate.
** New Automobiles only at 72 months term. Loan must be $20,000.00 or more.
*** Vacation, holiday, home improvement, and electronic loans closed end. Holiday loans up to $2000.00 maximum from October 14 through December 31!!
The Credit Union will grant new auto loans (includes demo's and all vehicles not previously titled) up to 100% of the total purchase price of the vehicle, including tax, title, and value added ad-ons.
The Credit Union will grant used auto loans up to the lessor of 100% of the total purchase price of the vehicle (including tax, title, and value added ad-ons) or the NADA retail value.
|
|
|
|
All rates are designated as APR (Annual Percentage Rate) and are periodically set and
subject to change without notice. All stated APR are for qualified borrowers only.
Effective November 1, 2001 a floor limit of 7.00% APR will be established on all new loans.
|
|
Variable Rate Home Equity Loans
Prior to November 1, 2001
|
|
Home Equity Line of Credit
Variable Rate Open-Ended
|
November 2008 Rates
|
|
|
Up to 80% Loan to Value
|
Prime
|
|
|
80% to 90% Loan to Value
|
Prime + 1%
|
|
|
90% to 100% Loan to Value
|
Prime + 2%
|
|
|
2nd Mortgage Loans Closed-End
|
Member Pays
Closing Costs
|
Credit Union Pays
Closing Costs
|
|
Up to 80% Loan to Value
|
6.25%
|
7.25%
|
|
Over 80%-100% Loan to Value
|
7.00%
|
8.00%
|
|
Effective November 1, 2001, a floor limit of 7.00% APR will be established on all new loans.
* The initial home equity loan rate is based on an index (prime rate) as published in the Wall Street Journal. Changes in home equity loan rate are effective on the 1st day of the next month and are based upon on index (prime rate) and are effective until the 1st day of the next month in which the prime rate changes.
|
|
