Loan Rates - "EZ" Access Credit Line
The ANNUAL PERCENTAGE RATES, corresponding daily periodic rates and amount and due date of payments for each loan subaccount are shown below. If there is no payment schedule, the amount and due date of payments will be determined at the time of each advance and disclosed on the Advance Request Voucher. Other charges that may be imposed are also shown below (i.e., late charges, filing fees, collection costs).
EFFECTIVE DATE: October 1, 2003
|
Subaccount Description |
% ABOVE INDEX |
Daily Periodic Rate |
ANNUAL PERCENTAGE RATE |
Your minimum payment is calculated after each advance as shown below: |
| VARIABLE RATES: |
|
|||
| Share Secured "EZ" Access Credit Line* | 2.5% |
0.0089041% |
3.25% |
|
|
$ 0.01 - $1,000.00 |
$50.00 |
|||
|
$1,000.01 - $2,000.00 |
$100.00 |
|||
|
$2,000.01 - $3,000.00 |
$150.00 |
|||
|
etc. |
(Based on $50.00 per $1,000.00 per month) | |||
| Personal "EZ" Access Credit Line** | 4.5% |
0.0191781% |
7.00% |
|
|
$ 0.01 - $1,000.00 |
$50.00 |
|||
|
$1,000.01 - $2,000.00 |
$100.00 |
|||
|
$2,000.01 - $3,000.00 |
$150.00 |
|||
|
etc. |
(Based on $50.00 per $1,000.00 per month) |
Truth-In-Lending Disclosures
*The Annual Percentage Rate (APR) for Share Secured "EZ" Access Credit Line will be based on the highest dividend rate offered on Shares plus 2.50% APR. The APR is subject to change quarterly. Any increase in the APR will take the form of more payments of the same amount until what is owed has been repaid. The minimum shall not be lower than the share secured loan rate.
**The Annual Percentage Rate (APR) for Signature "EZ" Access Credit Line will be based on the highest dividend rate offered on Shares plus 4.50% APR. The APR is subject to change quarterly. Any increase in the APR will take the form of more payments of the same amount until what is owed has been repaid. The minimum shall not be lower than the one year personal loan rate.
The rates appearing in this Schedule are accurate and effective for accounts as of the Effective Date indicated on this Rate Schedule. If you have any questions or require current rate and fee information on your accounts, please call the Credit Union.
