(Effective 10/24/2008 - Subject to Change)
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SIGNATURE LOANS
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Type
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Terms
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APR*
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Limit
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Signature Loan
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48 months
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11.75% up to 18.00%
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$ 10,000.00
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Line of Credit
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48 months
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9.25% Variable
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$10,000.00
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Credit Rebuilder Loan 3 months 18.00% $500.00
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SHARES PLEDGED
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Type
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Terms
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APR*
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Description
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Limit
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Regular Shares
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60 months
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4.50%
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$500 minimum advance
and
100% shares pledged
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$500,000
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Share Certificate
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60 months
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1.00% above certificate rate
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$500,000
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VEHICLE LOANS
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Type
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Terms**
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APR*
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Limit
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Vehicle
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84 months
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as low as 5.50%
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$35,000.00 and up
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100% NADA Value
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72 months
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as low as 5.25%
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$ 25,000.00 and up
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100% NADA Value
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60 months
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as low as 4.95%
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100% NADA Value
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48 months
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as low as 4.75%
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100% NADA Value
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36 months
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as low as 4.50%
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100% NADA Value
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3-4 years old add 1% to the above rates
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5-6 years old add 2% to the above rates
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7-12 years old add 3% to the above rates
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REAL ESTATE LOANS
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Type
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Terms**
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APR*
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Description
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Limit
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First DOT***
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240 months
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7.00%
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Five year balloon, 90% loan-to-value
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$400,000
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Unimproved Property
(Must be first DOT)
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180 months
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8.00%
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Five year balloon, 80% loan-to-value
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$150,000
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Second DOT***
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180 months
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7.75%
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Five year balloon, 80% loan-to-value
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$100,000
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HUD Title 1***
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120 months
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8.00%
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100% of Home Improvement Cost
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$25,000
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Home Equity Line of Credit***
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180 months
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9.25% variable
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Five Year Draw, 80% loan-to-value
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$100,000
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*APR = Annual Percentage Rate
**Terms are determined by amount of loan
***Primary residence, single-family dwelling only
- Loan terms and interest rates may be adjusted based upon the applicant's credit-worthiness as well as market terms and rates.
- Loan request must be for $500.00 or more
- Co-Borrower/Co-Signer/Co-Maker/Guarantor may be required to qualify the maker for a loan.
- No loan shall be made to an individual or entity that is not a member of this credit union.
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