Loan Rates

effective July 10, 2017

LOAN RATES – Effective JANUARY 1, 2016
LOAN TYPE
APR APPROXIMATE TERM
*Instaloan (Line of Credit)
(Maximum-$12,000)
as low as 10.90%** Revolving
*Signature as low as

4.99%**
6.99%**
7.99%**
8.99%**
9.99%**

 

12 months
24 months
36 months
48 months
60 months

New Auto/Truck
Check out MVCP for car-buying tips.
1.99%**AUTO
1.99%**AUTO
2.09%**AUTO
2.60%**AUTO
36 months
48 months
60 months
72 months
Used Auto/Truck
Check out MVCP for car-buying tips.
(over $20,000)
2.50%**AUTO
2.50%**AUTO
2.50%**AUTO
3.50%**AUTO
36 months
48 months
60 months
72 months
New Boat/RV/Motorcycle
(over $20,000)
3.00%**AUTO
3.00%**AUTO
4.00%**AUTO
48 months
60 months
72 months
Used Boat /RV Motorcycle
(over $20,000)
3.50%**AUTO
3.50%**AUTP
4.50%**AUTO
48 months
60 months
72 months
Share Secure 3.00%
3.25%
3.75%
36 months
48 months
60 months
***Certificate Secured 1.5% over current CD rate 0.10%
VISA® Credit Card as low as
10.9%**
Revolving
VISA® Credit Card-Share Secured 7.0% Revolving

* Maximum combined unsecured credit limit – $20,000 (Loans and Visa)
** Annual Percentage Rates are based upon the credit history of the member. Rates stated above are the lowest rates in effect at the time. Not all members will qualify for these rates.
AUTO – Loans must have an automatic payment option to qualify for these rates.
*** The ANNUAL PERCENTAGE RATE (APR) for certificate secured advances will be the dividend rate being paid on the certificate offered as security (index) plus 1.5%. The certificate must be renewed until the advance is completely paid. When the certificate is renewed, the APR will change to reflect the new dividend rate. The actual APR will be disclosed at the time of the advance. Any increase in the APR will result in more payments of the same amount.

Rates subject to change without notice. For specials, call the Credit Union.

HOME EQUITY RATES
LOAN TYPE
APR APPROXIMATE TERM
Fixed Rates 3.75%
3.75%
3.75%
5.00%
5.00%
5.00%
5 years
6 years
7 years
8 years
9 years
10 years
Variable Rate 4.25%
(Prime Rate + 0%)
15 Years

Rates based on 80% of appraised value less first mortgage.   $150,000 maximum per property.  No points.  $200 Document Preparation Fee.  Member pays for appraisal, title search, recording and closing costs (Est. $500 to $l,000)   Rates subject to change.

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