Loan Rates


SHARE SECURED LOANS
(Rates for all tier levels)
Type Description Term Rate (APR*)
P $1,000.00 minimum, fully secured by shares 1 to 60 mos. 4.00%
O Less than $1,000.00, fully secured by shares 1 to 12 mos. 5.00%

*APR = Annual Percentage Rate

NEW CARS, BOATS, RVs AND MOTORCYCLES
Loan Information:
Type Classification Term
A New Car 72 months maximum
C New Boat 120 months maximum
E New RV 120 months maximum
G New Motorcyle 60 months maximum
Rates:
Term Classification % Down Rate (APR*)
1-36 months Sub-Compact 10% 5.95%
5% 6.20%
0% 6.45%
37-48 months Compact 10% 6.25%
5% 6.50%
0% 6.75%
49-60 months Standard 10% 6.40%
5% 6.65%
0% 6.90%
61-72 months Luxury 10% 6.60%
5% 6.85%
0% 7.10%
73-84 months Loans above 72 months require
approval by Board of Directors
10% 6.80%
5% 7.05%
0% 7.30%
85-96 months Loans above 72 months require
approval by Board of Directors
10% 6.90%
5% 7.15%
0% 7.40%
97-108 months Loans above 72 months require
approval by Board of Directors
10% 7.05%
5% 7.30%
0% 7.55%
109-120 months Loans above 72 months require
approval by Board of Directors
10% 7.35%
5% 7.60%
0% 7.85%

USED CARS, BOATS, RVs and MOTORCYCLES   

Loan Information:

Type

Classification

Year***

Term

B

Used Cars

2015-2017

60 months maximum

2011-2014

48 months maximum

D

Used Boats

2015-2017

72 months maximum

2011-2014

60 months maximum

F

Used RVs

2013-2017

72 months maximum

2009-2012

60 months maximum

H

Used Motorcycles

2015-2017

48 months maximum

2013-2014

36 months maximum

Rates:

Term

Criteria

Rate (APR*)

1-48 months

Kelly Blue Book Trade-In or
85% of NADA Trade-In

7.75%

Kelly Blue Book Private Party or
Nada Trade-In

8.25%

Kelly Blue Book Private Party Plus Signature Limit or NADA Trade-In plus Signature Limit

8.75%

49-60 months

Kelly Blue Book Trade-In or
85% of NADA Trade-In

7.90%

Kelly Blue Book Private Party or
Nada Trade-In

8.40%

Kelly Blue Book Private Party Plus Signature Limit or NADA Trade-In plus Signature Limit

8.90%

61-72 months

Kelly Blue Book Trade-In or
85% of NADA Trade-In

8.10%

Kelly Blue Book Private Party or
Nada Trade-In

8.60%

Kelly Blue Book Private Party Plus Signature Limit or NADA Trade-In plus Signature Limit

9.10%

*APR=Annual Percentage Rate

OLDER USED CARS, BOATS, RVs and MOTORCYCLES

Loan Information:

Type

Classification

Year**

Term

B & D

Used Cars and Boats

2009 & older

36 months maximum

F

Used RVs

2009 & older

48 months maximum

H

Used Motorcycles

2012 & older

24 months maximum

Rates:

Term

Criteria

Rate (APR*)

1-36 months

Kelly Blue Book Trade-In or
85% of NADA Trade-In

9.00%

Kelly Blue Book Private Party or
Nada Trade-In

9.50%

Kelly Blue Book Private Party Plus Signature Limit or NADA Trade-In plus Signature Limit

10.00%

37-48 months

Kelly Blue Book Trade-In or
85% of NADA Trade-In

9.15%

Kelly Blue Book Private Party or
Nada Trade-In

9.65%

Kelly Blue Book Private Party Plus Signature Limit or NADA Trade-In plus Signature Limit

10.15%

INTEREST RATE MATCHING STANDARDS

  • National Risk Score on the Credit Report must be 150 or less or FICO Score of 700 or more
  • The interest rate cannot be less than 3.00% Annual Percentage Rate
  • The competitor's interest rate must be verified before this policy can be acted upon

VEHICLE LOAN TERMS

New vehicle loan term cannot exceed 72 months from the Vehicle In-Service Date.  The maximum loan term, not to exceed 72 months, is reserved to the judgment of the acting loan officer based on the type of vehicle and the credit-worthiness of the applicant.

NEW VEHICLE RECAPTURE AND QUALIFYING USED VEHICLES

New vehicle "0% Down" interest rates will apply to the following vehicles:

  • Must be sold through a dealership or a loan recapture (already financed to the owner through another financial institution)
  • Multi-passenger vehicles for road, freeway, and highways usage must
    • Contain own powertrain
    • Have four or more wheels/tires that make contact with the road surface
    • Have individual vehicle safety restraining belts for each passenger (except for mobile home)
  • Does not exceed thirty-six (36) months from the Vehicle In-Service Date (can be obtained or verified by dealer with VIN of vehicle)
  • Does not exceed an average of one thousand two hundred fifty (1,250) miles per month from the Vehicle In-Service Date (current mileage of vehicle divided by the number of months since the Vehicle In-Service Date)
  • Must be in excellent condition, verified by either the dealership selling the vehicle or by Credit Union Officer
    • Wear not to exceed normal usage
    • Paint must be glossy without peeling, fading, excessive scratches or chips
    • Exterior & exterior trim must be undamaged with no missing parts
    • Glass, lights and lenses must be free from chips and cracks
    • No hail damage
    • Interior must be free from smoke or mold odor
    • Interior seats, carpet and head liner must be free of stains or tears
    • Interior panels, dash and interment panel must be undamaged and free from fading or discoloration
    • Must be in good mechanical condition with original power train.

OTHER LOANS

Type

Description

Term

Rate   (APR*)

S

Signature Loan (Maximum of $6,000.00)**

1 to 48 mos.

12.00-18.00%

LOAN DISCOUNT INCENTIVES

All loans can be discounted by 0.25% APR* if member has an active MasterCard account with monthly activity on the account.  This discount can be given if member requests and is approved for a MasterCard when the loan is made.  If the member discontinues the products or services which made them eligible for the discount, their rate may be increased to the normal rate.

FOUR-TIER STANDARDS FOR ALL LOANS