Loan Rates

 

Effective as of: JUNE 1, 2014

Loan Type Approximate Term (Months) APR* Daily Periodic Rate
Automobile Loans
New and Used Automobile Loan Rates Rates are based on Credit Reporting Beacon Score    
SPECIAL PROMOTION FOR AUGUST SPECIAL PROMOTION FOR AUGUST    
725 or above New and Used Car Purchases 1.90% 0.005205
725 or above Refinancing existing loans 2.90% 0.007945
675-724   3.50% 0.009589
600-674   4.90% 0.013425
599 and below   14.00% 0.038356
       
Automobile Terms of Finance
Year Model Listed Below      
2013-2014 Up to 72 Months    
2011-2012 Up to 60 Months    
2009-2010 Up to 48 Months    
2007-2008 Up to 36 Months    
       
Share Secured Loans
Up to 60 Months   3.00% 0.008219
       
Motorcycles, Boats and Campers
Up to 60 Months   5.75% 0.01575
       
Signature Loans 
       
Credit Score
625 and above   12.00% 0.032877
600-624   15.00% 0.041096
599 and below   18.00% 0.043915
       
Application Fees: A fee of $25.00 will be charged at the initial advance of your loan to cover the cost of processing the loan. This fee will be imposed every 6 months upon advances.
Filing Fee: A lien filing fee will be charged at the time of the advance if the credit union takes a security interest in the collateral. The amount of the filing fee will be disclosed on the loan voucher.
Collection: You promise to pay all court cost of collecting the amount you owe under this contract including court cost and reasonable attorney fees.

 

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