Loan Rates

 
*APR: Annual Percentage Rate. Members must meet income and credit criteria.
 All terms in months are approximations due to open end credit.
**Used autos $10,000.00 or greater up to 60 months financing. Used autos $20,000.00 or greater up to 72 months financing.
***72 month financing on 4-5 year old auto 6.49%; 72 month financing on 6-7 year old auto 7.99%
 

Rates as of 5/23/2008

Loan Type
Maximum Amount
Max Term
(Approx. Months)
APR*
Signature
$6,000.00 above the amount of shares pledged on the loan
up to 36 mos   
up to 48 mos
15.00%
15.99%
90 Day Note (closed credit)
Included in signature loan limit
90 Days
10.00%
Share Secured
up to the amount of shares pledged on the loan
up to 12 months
up to 24 months
up to 36 months
up to 48 months
up to 60 months
4.00%
4.50%
5.00%
5.50%
6.00%
Share Certificate Secured
up to present amount of share certificate
up to 60 months
2.00% above dividend;
minimum being same as Share Secured rates
New & Current Year Auto
up to 100% of sale price plus tax and title fees
up to 36 mos
up to 48 mos
up to 60 mos
up to 72 mos
4.99%
5.29%
5.49%
5.99%
1-2 Year Old Auto
up to 90% NADA retail value plus tax and title fees
same as new auto
add .50% to
new auto rates
3 Year Old Auto
up to 90% NADA retail value plus tax and title fees
**up to 36 mos
**up to 60 mos
**up to 72 mos
5.74%
6.24%
6.74%
4-5 Year Old Auto
up to 90% NADA retail value plus tax and title fees
**up to 36 mos (under $10,000.00)
***6.29%
6-7 Year Old Auto
up to 90% NADA retail value plus tax and title fees
** up to 36  mos (under $10,000.00)
***7.24%
Used Auto (bringing from another financial institution)
up to payoff amount (depends on NADA retail value, credit, & debt ratios)
remaining term or # of months according to this policy
depends on year
Christmas/Holiday Loan (closed credit)
$1,000.00 (closed end note)
12 months
10.00%
New Water Craft
up to 100% of sale price plus tax and title fees
up to 36 mos
up to 48 mos
up to 60 mos
up to 72 mos
4.99%
5.29%
5.49%
5.99%
Used Water Craft
85% financing
<$10,000  48 mos
>$10,000  60 mos
same as used autos (depends on the year)
New Motor Homes
up to 100% of sale price plus tax and title fees
<$30,000  60 mos
>$30,000  120 mos
same as new auto rate
If >5 years, add 1.00%
Used Motor Homes
NADA recreation vehicle loan value
<$30,000  60 mos
>$30,000  120 mos
same as used autos (depends on year)
If >5 years, add 1.00%
New Motorcycles
same as new auto
same as new auto
same as new auto
Used Motorcycles
same as used auto
same as used auto
same as used auto(depends on the year)
New All Terrain Vehicle
same as new auto
same as new auto
add 1.50% to new auto rates
Used All Terrain Vehicle
same as used auto
same as used auto
add 1.50% to used auto rates
New Travel Trailer
same as new auto
<$30,000  60 mos >$30,000  120 mos
add 1.50% to new auto rates
Used Travel Trailer
NADA recreational vehicle loan value
<$30,000  60 mos
>$30,000  120 mos
add 1.50% to used auto rates
Tractors, Farm & Garden Implements
100% of purchase price
up to 36 months
up to 48 months
6.90%
7.90%
Home Appliances or Equipment
Utilized Storage Bldgs or like items
100% of purchase price
up to 12 months
up to 24 months
10.50%
11.50%