Loan Rates - Auto / Personal / Line Of Credit
Loan Rates — Effective March 01, 2008
New Auto/Truck Loans
80% of Dealer's Price
| Approx. Term | Preferred Member 3 to 4 Services |
Preferred Member 5 to 7 Services |
Preferred Member 8 or more Services |
|
|---|---|---|---|---|
| 48 mos. | 6.75% APR | 6.25% APR | 5.75% APR | 5.25% APR |
| 60-72 mos.*** | 7.25% APR | 6.75% APR | 6.25% APR | 5.75% APR |
Used Auto/Truck Loans
80% of Dealer's Price or 100% of Kelly Blue Book Wholesale Value whichever is lower
| Approx. Term | Preferred Member 3 to 4 Services |
Preferred Member 5 to 7 Services | Preferred Member 8 or more Services |
|
|---|---|---|---|---|
| 48 mos. | 7.50% APR | 7.00% APR | 6.50% APR | 6.00% APR |
| 60-72 mos.*** | 8.00% APR | 7.50% APR | 7.00% APR | 6.50% APR |
***72 Months - $20,000 or more, current year model and must not be more than 10 years old at the end of term.
Share Secured
| Up to 120 mos. | 2.75% APR |
Share Secured Line Of Credit
| (Variable)** | 3.75% APR |
Your minimum payment is calculated after each advance as shown below:
| $0.01 - $1,000.00 | $25.00 |
| $1,000.01 - $2,000.00 | $50.00 |
| $2,000.01 - $3,000.00 | $75.00 |
| etc. | (Based on $25.00 per $1,000.00 per month) |
Personal Line Of Credit
| Personal Line of Credit | 12.00% APR |
Your minimum payment is calculated after each advance as shown below:
| $0.01 - $1,000.00 | $35.00 |
| $1,000.01 - $2,000.00 | $70.00 |
| $2,000.01 - $3,000.00 | $105.00 |
| etc. | (Based on $35.00 per $1,000.00 per month) |
Personal Advances
| Preferred Member 3 to 4 Services |
Preferred Member 5 to 7 Services |
Preferred Member 8 or more Services |
||
|---|---|---|---|---|
| Up to 12 mos. | 7.00% APR | 6.50% APR | 6.00% APR | 5.50% APR |
| Up to 24 mos. | 8.00% APR | 7.50% APR | 7.00% APR | 6.50% APR |
| Up to 36 mos. | 9.00% APR | 8.50% APR | 8.00% APR | 7.50% APR |
| Up to 48 mos. | 9.50% APR | 9.00% APR | 8.50% APR | 8.00% APR |
| Up to 60 mos. | 10.00% APR | 9.50% APR | 9.00% APR | 8.50% APR |
| Up to 72 mos. | 11.00% APR | 10.50% APR | 10.00% APR | 9.50% APR |
| Up to 84 mos. | 12.00% APR | 11.50% APR | 11.00% APR | 10.50% APR |
Qualifying Services for Preferred Member Rates
| Regular Shares (minimum $500.00 balance) | Share Draft |
| Direct Deposit | Christmas Share Account |
| Individual Retirement Accounts | Mortgage Loans |
| VISA Credit Card (Classic or Platinum) | VISA Debit Card |
| Line of Credit Loans | Home Equity Loans |
| Loan Application through Web Site | Credit Disability Insurance |
| Credit Life Insurance | Mechanical Repair Coverage |
| Guarantee Auto Protection (GAP) | E-Statement |
| Senior Citizen (age 55 and older) | 24/7 Money Line |
Truth-In-Lending Disclosures
*The Annual Percentage Rate (APR) for Share Secured Advances is based on the highest dividend rate offered on shares PLUS 2%.
**The Annual Percentage Rate (APR) for Share Secured Line of Credit is based on the highest dividend rate offered on shares PLUS 3.00%. If there is an existing balance on the date of the new advance, the existing balance will be added to the new advance and the entire balance will be at the new APR. The rates are subject to change when the dividend rate on the shares changes. Any increase in the APR will take the form of more payments of the same amount until what you owe has been repaid.
PREFERRED AUTO/PERSONAL LOAN RATES: You will receive a discount of 0.50% if you have three to four services, 1.00% discount if you have five to seven services, or 1.50% discount if you have eight or more services. In the event your services are decreased below the specified amounts, your discount will be adjusted accordingly. In the event your services are decreased below the specified amounts, your discount will be adjusted accordingly. Your monthly payment will be recalculated based on the higher interest rate. The original term and maturity date of your loan will remain the same.
FILING FEE: You will be charged a lien filing fee at the time of an advance if the credit union takes a security interest in your collateral. The amount of the filing fee will be based upon the amount of fee required by state law for the credit union to obtain a lien on your property. The amount of the filing fee will be disclosed on the voucher.
COLLECTION COSTS: You promise to pay all costs for collecting the amount you owe under this agreement including court costs and reasonable attorney fees.
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.
