All loan rates are quoted as Annual Percentage Rates (APRs).
Each loan rate will be determined by certain creditworthiness criteria, and will fall within the range disclosed below. Please contact a credit union employee for an explanation of loan rates, terms, collateral requirements and any other loan information.
Rates effective as of August 15, 2011
|
Type of Loan
|
Approximate Term (Months)
|
Annual Percentage Rate (APR)
|
|
Up to 120 |
3.00% above rate paid on shares |
CERTIFICATE SECURED |
Term of Certificate |
2.00% above existing Certificate rate |
NEW /USED Vehicles
(Current year + 6 years)
|
Up to 48 |
3.49% - 15.74% |
49-60 |
3.74% - 15.99% |
61-72 |
4.24% - 16.49% |
OLDER VEHICLE
(7 Years and older)
Auto/Truck/Van |
Up to 36 |
6.99% - 18.00% |
NEW
Boats
USED Boats |
1-84
1-72 |
5.24% - 17.49%
6.24% - 18.00%
|
NEW
Recreation Vehicle,
Mobile Home, and
Farm Equipment
USED
Recreation Vehicle &
Farm Equipment |
1-84
1-72 |
5.24% - 17.49%
6.24% - 18.00% |
NEW
Motorcycles
USED
Motorcycles
|
1-60
1-60 |
5.24% - 17.49%
6.24% - 18.00%
|
OTHER COLLATERAL
(President/CEO approval needed) |
Up to 120 |
Not to exceed the maximum rate allowed by NCUA.
|
SIGNATURE |
Up to 36 |
8.99%-18.00% |
|
