Loan Rates Effective April 1, 2013

Documentation needed to expedite loan processing

General Consumer
Home Equity Line of Credit
Second Mortgage Loans

     
Consumer Loan Type APR *
Personal Signature Rates as low as 5.99%
Secured New & Used 36 months Rates as low as 2.99%
Secured New & Used 48 months Rates as low as 3.50%
Secured New & Used 60 months Rates as low as 3.99%
Secured New 72 months Rates as low as 4.25%

Secured loans are collateralized by automobiles, boats, RVs, motorcycles, etc.   Call for specific terms on secured loans.   New Cars 100% of purchase price  (2012 and 2013) with less than 10001 miles on the odometer) and Used Cars 90% of purchase price (2007-2013) with more than 10,000 miles on the odometer).    Financing for vehicles older than 2007 available at personal signature rates.  Maximum Used Car loan $35,000, maximum New Car Loan $50,000.  The secured amount of financing is limited to NADA book value and not sales contract.

Advertised rates are our next to lowest available.  Your actual rate will be determined by your credit history, term of loan, age of security, and such other requirements as set forth in Credit Union Policies.

* APR  = Annual Percentage Rate.  All rates subject to change without notice.

Type Amount Financed Repayment Period APR *
Second Mortgages 
Applicant pays closing costs
$100,000 Max Loan
$5,000 Minimum Loan
Up to 80% LTV Up to 5 years
5 to 10 years
10 to 15 years
 
2.50%
3.25%
3.50%

 

Home Equity
Line of Credit
$100,000 Max Loan
$5,000 Minimum Loan

Applicant pays closing costs
Up to 80% LTV 7 Year Draw Period
7 Year Repayment Period
3.99%
Home Improvement
(Estimates must be presented)
Up to $7,500
Up to $20,000 with multiple borrowers
Up to 36 Months
37 to 60 Months
5.99%
6.50%

First Mortgage Loan Rates Effective November 1, 2013

Type Amount Financed APR * Points
10 Year First Mortgage Up to 80% LTV 2.75% ** 0.00%
15 Year First Mortgage Up to 80% LTV 3.10% ** 0.00%
20 Year First Mortgage Up to 80% LTV 3.85% ** 0.00%
30 Year First Mortgage Up to 80% LTV 4.10% ** 0.00%
$300,00 MAXIMUM

$20,000 MINIMUM

10 to 30 YEAR terms

* Rates and terms subject to change without notice

* * APR can be higher in uncommon cases because of m extraordinary processing fees.

Actual rate is based on your credit history & credit bureau score.

ESTIMATED MOST COMMON COSTS OF FIRST MORTGAGE

APPRAISAL $463
FLOOD INSURANCE DETERMINATION $15
CREDIT REPORT $26
ATTORNEY FEES $500
RECORDING FEES $300
WIRE TRANSFER FEE $10
TITLE INSURANCE (BASED ON VALUE OF PROPERTY)
FLOOD INSURANCE (BASED ON VALUE OF PROPERTY)

Note that these costs are estimated and your costs will vary if the property has any special conditions, unusual circumstances, or extraordinary factors.

Savings Rates
Effective February 1, 2014

Description

Rate (1)

Annual
Percentage
Yield (1)
Regular Shares .10% .10%
Share Draft (Checking) .05% .05%
Christmas Clubs .10% .10%
Vacation Clubs .10% .10%
Special Purpose .10% .10%
Loan Payments Shares .10% .10%
IRA .10% .10%

IRA and Term Share Certificate Rates
Effective February 1, 2014

Description

Rate (1)

Annual
Percentage
Yield (1)
12 Months .35% .351%
24 Months .50% .501%
36 Months .80% .803%
48 Months 1.15% 1.156%
60 Months 1.25% 1.257%
72 Months 1.75% 1.764%
120 Months 2.00% 2.018%
(1) All rates and or terms are subject to change without prior notice. Please contact the credit union for the most current rates.

Minimum CD $1000 & $500 increments thereafter.

Free life Insurance on loans up to $20,000 Per member.

Amount of Certificate Early Withdrawal Penalty

  • For Term Share Certificate and IRA Certificates of 36 months or less - 60 days dividends
  • For Term Share Certificate and IRA Certificates of 48 and 60 months - 90 days dividends
  • For Term Share Certificate and IRA Certificates of 72 months - 180 days dividends
  • For Term Share Certificate and IRA Certificates of 120 months - 270 days dividends

   


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