Loan Rates

Effective January 1, 2017

Loan Description APR
Share Secured Loans 3.00% over rate
Share Certificate Secured Loans 3.00% over rate

 

Collateralized Loans Base 6.00%
Collateral age  
New Vehicle -1.00%
Used Vehicle - 2013 and newer 0.00%
2008 to 2012 +1.00%
2007 & older +2.00%
Credit Score  
A - 750 & higher -1.50%
B - 700 - 749 -1.00%
C - 650 - 699 0.00%
D - 600 - 649 +2.00%
E - 500 - 599 or no score +4.00%
Automatic Payments -0.50%

 

Unsecured Loans
Credit Score  
A - 750 & higher 11.00%
B - 700 - 749 12.00%
C - 650 - 699 13.00%
D - 600 - 649 14.00%
E - 500 - 599 15.00%
No Score 15.00%
Length of Employment  
3 - 4 Years -0.25%
5 - 9 Years -0.50%
10 - 14 Years -0.75%
15 Years & Over -1.00%

 

Requests Over CU Policy Term
Requires credit score above 650
Up to 6 months over +0.25%
7 to 12 months over +0.50%
13 to 18 months over +0.75%
19 to 24 months over +1.00%
Home Equity Loan - Variable rate 4.5%
Income Tax Refund Anticipation Loan 18.00%

APR - Annual Percentage Rate

FILING FEE: YOU WILL BE CHARGED A LIEN HOLDING FEE AT THE TIME OF ADVANCE IF THE CREDIT UNION TAKES A SECURITY INTEREST IN YOUR COLLATERAL. THE AMOUNT OF THE FILING FEE IS BASED UPON THE AMOUNT OF FEE REQUIRED BY STATE LAW FOR THE CREDIT UNION TO OBTAIN A LIEN ON YOUR PROPERTY.

COLLECTION COST: YOU PROMISE TO PAY ALL COSTS OF COLLECTING THE AMOUNT YOU OWE UNDER THIS AGREEMENT, INCLUDING COURT COSTS AND REASONABLE ATTORNEY FEES.

LATE PAYMENT FEE: AFTER A 25 DAY GRACE PERIOD, ALL LOANS WILL BE CHARGED A LATE PAYMENT FEE OF $25.00 PER MONTH.