Effective 06-19-2008
APR = Annual Percentage Rate. Your actual rate may be higher. Your rate may vary based on term, application and credit history. Rates are subject to change without prior notice. Please contact the Credit Union for further information.
| NEW/USED AUTO: |
Approx. Term |
APR Range |
Daily Periodic Rate Range |
Loan Amount |
|
New |
|
36 mths |
5.25-11.75% |
.014384-.032192 |
|
|
48 mths |
5.50-12.00% |
.015068-.032877 |
|
|
60 mths |
5.50-12.00% |
.015068-.032877 |
$10,000 or more |
|
66 mths |
5.75-12.25% |
.015753-.033562 |
$15,000 or more |
|
72 mths |
6.25-12.75% |
.017123-.034932 |
$20,000 or more |
| Used (6 yrs & newer) |
|
36 mths |
6.00-12.50% |
.016438-.034247 |
|
|
48 mths |
6.00-12.50% |
.016438-.034247 |
|
|
60 mths |
6.25-12.75% |
.017123-.034932 |
$10,000 or more |
|
66 mths |
6.50-13.00% |
.017808-.035616 |
$15,000 or more |
|
72 mths |
6.75-13.25% |
.018493-.036301 |
$20,000 or more |
| Used (7 yrs & older) |
|
24 mths |
10.25-16.75% |
.028082-.045890 |
|
|
36 mths |
10.75-17.25% |
.029452-.047260 |
|
|
| NEW/USED BOAT: |
Approx. Term |
APR Range |
Daily Periodic Rate Range |
Loan Amount |
| New |
|
36 mths |
6.25-12.75% |
.017123-.034932 |
|
|
48 mths |
6.50-13.00% |
.017808-.035616 |
|
|
60 mths |
6.75-13.25% |
.018493-.036301 |
$10,000 or more |
|
66 mths |
7.00-13.50% |
.019178-.036986 |
$15,000 or more |
|
72 mths |
7.00-13.50% |
.019178-.036986 |
$20,000 or more |
|
84 mths |
7.50-14.00% |
.020548-.038356 |
$20,000 or more |
| Used |
|
36 mths |
6.75-13.25% |
.018493-.036301 |
|
|
48 mths |
7.00-13.50% |
.019178-.036986 |
|
|
60 mths |
7.25-13.75% |
.019863-.037671 |
$10,000 or more |
|
66 mths |
7.50-14.00% |
.020548-.038356 |
$15,000 or more |
|
72 mths |
7.75-14.25% |
.021233-.039041 |
$20,000 or more |
|
| NEW/USED RV: |
Approx. Term |
APR Range |
Daily Periodic Rate Range |
Loan Amount |
| New |
|
Up to 60 mths |
6.75-13.25% |
.018493-.036301 |
|
|
66 mths |
7.00-13.50% |
.019178-.036986 |
$15,000 or more |
|
72 mths |
7.25-13.75% |
.019863-.037671 |
$15,000 or more |
|
84-144 mths |
7.75-14.25% |
.021233-.039041 |
$20,000 or more |
| Used |
|
48 mths |
7.00-13.50% |
.019178-.036986 |
|
|
60 mths |
7.00-13.50% |
.019178-.036986 |
$10,000 or more |
|
66 mths |
7.50-14.00% |
.020548-.038356 |
$15,000 or more |
|
72-120 mths |
8.25-14.75% |
.022603-.040411 |
$20,000-40,000 |
|
| NEW/USED MOTORCYCLE/ATV: |
Approx. Term |
APR Range |
Daily Periodic Rate Range |
Loan Amount |
| New |
Up to 48 mths |
7.25-13.75% |
.019863-.037671 |
|
| Used |
Up to 48 mths |
8.25-14.75% |
.022603-.040411 |
|
|
| VACANT LAND: |
Approx. Term |
APR Range |
Daily Periodic Rate Range |
Loan Amount |
| Fixed |
Up to 24 mths |
7.00-13.50% |
.019178-.036986 |
$5,000-100,000 |
| Variable |
25-180 mths |
Prime + 3% |
|
$5,000-100,000 |
|
| SIGNATURE: |
Approx. Term |
APR Range |
Daily Periodic Rate Range |
Loan Amount |
|
36 mths |
15.90-18.00% |
.043562-.049315 |
$10,000 maximum |
|
| LINE OF CREDIT/OVERDRAFT: |
Approx. Term |
APR Range |
Daily Periodic Rate Range |
Loan Amount |
|
36 mths |
14.90-18.00% |
.040822-.049315 |
$10,000 maximum |
|
| SHARE SECURED: |
Approx. Term |
APR Range |
Daily Periodic Rate Range |
|
|
|
6.00% |
.016438 |
|
|
| SHARE CERTIFICATE SECURED: |
Approx. Term |
APR Range |
Daily Periodic Rate Range |
|
|
|
Share Certificate APR + 3% |
|
|
|
| CONSOLIDATION: |
Approx. Term |
APR Range |
Daily Periodic RateRange |
Loan Amount |
| Unsecured |
48 mths |
14.90-18.00% |
.040822-.049315 |
$10,000 maximum |
|
| COMPUTER LOAN: |
Approx. Term |
APR Range |
Daily Periodic Rate Range |
|
| New |
36 mths |
9.50-16.00% |
.026027-.043836 |
|
Share Secured Loans:
The Annual Percentage Rate (APR) for share secured advances will be the dividend rate being paid on regular shares (index) on the date of the advance plus 4%. This rate will not go below a minimum floor limit of 6% APR. 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 quarterly on the first day of January, April, July and October to reflect any change in the Index. Any increase in the APR will take the form of more payments of the same amount until what you owe has been repaid. The maximum term for this loan type is 144 months.
Share Certificate Secured Loans:
The Annual Percentage Rate (APR) will be the dividend rate being paid on the Certificate offered as security (Index) plus 3%. The certificate must be renewed until the advance is completely paid. Failure to renew will result in default under the Plan. When the Certificate is renewed the APR will change to reflect the new dividend rate. 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. Any increase in the APR will result in more payments of the same amount until what you owe has been repaid. The annual percentage rate and daily periodic rate will be disclosed on the voucher at the time of the advance. The maximum term for this loan type is 144 months.
Vacant Land Loans:
The Annual Percentage Rate (APR) for vacant land will be fixed for the first 2 years. On the 25th month, the APR will adjust yearly on the first day of January based on changes in the Prime Rate as published in the Wall Street Journal "Money Rates" section (Index). The APR will be determined by adding 3% to the Index value on the first business day of each year. Any increase in the APR will result in more payments of the same amount. This rate will not go below a floor limit of 6.00% APR.
Late Charges:
If a payment is ever late more than 10 days, you will be charged a late charge equal to 20% of the payment amount in default, with a minimum of $10.00 and a maximum of $25.00.
Filing Fees:
You will be charged a lien filing fee at the time of an advance if the credit union takes a security interest in our 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.
Collection Costs:
You promise to pay all costs of collecting the amount you owe under this agreement including court costs and attorney fees.
Minimum Advance:
The minimum advance amount is $100.00, unless the transfer is for overdraft purposes or done via electronic means.
Line of Credit/Overdraft Protection Advances:
As authorized by you, we may transfer funds directly from your line of credit account to your share draft account for purposes of overdraft protection.
Minimum Monthly Payment:
Your minimum monthly payment on each advance will never be less than $35.00 or the unpaid balance on the advance whichever is less.
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