The Credit Union offers the lowest possible customized rate for each member. Your rate is determined by: length (term) of loan, credit qualifications, and account relationships. Our loan processing system instantly calculates rates based on the factors listed below. To determine your rate, call our toll-free number
(800) 874-5544.
Loan Rate Calculation: To reward you for your excellent payment record, the Credit Union determines your rate based on a Score, known as FICO, obtained from credit bureaus. Rates are determined by your FICO Score, and the number of months you wish to finance your loan. NOTE: FICO scores vary on many factors including date obtained and credit bureau company. Rates are subject to scores obtained by the Credit Union only.
Rate Discounts on Auto Loans: Credit Union members will receive a 0.50% discount on their interest rate for new auto purchases, effective October 24, 2007.
Rate Discounts on Personal Loans: Credit Union members enrolled in Direct Deposit will receive a 0.50% discount on their interest rate.
Variable
Rate Loans: For Marine/RV and Stock Secured/Option
loans, the Annual Percentage Rate (APR)
for all advances on all existing balances
will be subject to change on the first day
of each quarter, based on prime rate as
quoted in the Wall Street Journal. For Savings
Secured Loans the Annual Percentage Rate
(APR) for all advances on all existing balances
will be subject to change on the first day
of each month based on the Basic Savings
rate published monthly. The maximum interest
rate will never exceed the rate permitted
under the Federal Credit Union Act (currently,
this maximum is 18%). If your rate increases,
additional payments will be required. |
