Loan Rates

Sub account Description Approximate Term
(In Months)
ANNUAL
PERCENTAGE RATE
New Vehicles 60 2.60% -15.00%
72 3.60% – 16.00%
Used Vehicles 60 2.60% – 16.00%
Term Loans 12 5.50%
Signature 36 9.9% – 15.9%
Term Share Certificate Secured Term Share Certificate Maturity Date 2% over TSC
Shall not extend beyond the maturity date of Term Share Certificate
Share Secured 36
60
72
4.25%
5.25%
5.50%
Master Card 12.50%
100% Stock Secured 60 month
24 month
5.25%
6.25%
New Computer, Furniture & Appliance Loans
100% of price less sales tax up to 36 months
36 9.9% – 15.9%
New Recreational Vehicles
100% List Price up to 72 months
72 6.14% – 11.49%
New/Used Motorcycles
100% List price up to 60 months
60 2.6% – 14.22%

Risk Based: The following disclosure applies to all sub accounts except Share Secured, and Share Certificate Secured. The Annual Percentage Rate (APR) you receive will be within the range disclosed above and is based on your credit worthiness. Please ask us for the rate that you qualify for.

Stock Secured: The Credit Union may loan up to 75% of SBC/AT&T stock value and 50% of the current market value of any other stock that is actively traded and listed in the NYSE.

Minimum Payment: All loans must call for a minimum monthly payment of $20.00 unless it is a term loan or certificate loan where payments can be made annually.

loan-ratesAdvance Prepayments:
Any payments made, in any amount, in addition to the regular payments paid, will advance the subaccount payment due date. Additional payments will advance the due date in accordance with the payment amount and frequency disclosed on the advance voucher. Additional payments made over and above the regular payments may allow the member to skip payments in the future (if desired) until the sub account payment due date is reached. Interest will continue to accrue on outstanding balances during such periods where payments are not made.

Fixed Rate Share Certificate Secured: The Annual Percentage Rate (APR) will be the dividend rate being paid on the Share Certificate offered as security plus 2%. The approximate term of the advance may not exceed the term of the Share Certificate offered as security. The APR and Daily Periodic Rate (DPR) will be disclosed on the Receipt (Voucher or Disbursement Receipt) provided at the time of the advance.

Late Charges: If your payment is received more than 15 days after the due date, you will be charged a late fee of $25.00.

Collection Costs:
You agree to pay all costs of collecting the amount you owe under this Agreement, including court costs and reasonable attorney fees.