| Loan Rates | March 1, 2010 | ||
| Products | Max. Term | A.P.R.* | Monthly cost per $1,000 Borrowed |
| New Auto or Motorcycle (max. borrowed $50,000) | |||
| - 20% down payment | 6 yrs. | 4.99% | 16.10 |
| - 10% to 19% down payment | 6 yrs. | 5.49% | 16.33 |
| - 0% to 9% down payment | 6 yrs. | 5.99% | 16.57 |
| Used Auto or Motorcycle (max. borrowed $40,000) | Based on Age of Vehicle | 7.00% | A |
| RV - New (max. borrowed $50,000) | 10 Yrs. | 7.250% | A |
| RV - Used (max. borrowed $40,000) | 10 Yrs. | 7.500% | A |
| Personal Loans (max. borrowed $20,000)+ | 8 yrs. | 5.990% | 13.14 |
|
8 yrs. |
8.990% |
14.65 | |
|
8 yrs. |
11.990% |
16.25 | |
|
8 yrs. |
13.990% |
17.37 | |
|
8 yrs. |
15.990% |
18.52 | |
| Tuition Loan (max. borrowed $25,000) | 8 yrs. | 7.500% | 13.88 |
| Secured Loans - Secured by Main Share Account | 3.250% |
A | |
| Energy Loans (max. borrowed $5,000) |
12 months |
5.990% |
86.06 |
* A.P.R. = Annual Percentage Rate.
+ Annual Percentage Rate is based on member's current credit rating. Rate will be reduced by 100 basis points per year if member makes twelve consecutive months of payments on time. Floor rate is 5.99% APR. If any payment after the rate reduction is 60 days or more overdue, rate will revert back to the original loan rate. If loan is re-written rate is based upon member's current credit score.
A - This payment would be dependent upon the term of the loan.
All loans are subject to credit approval. A.P.R.s are subject to change without notice.
|
MORTGAGES - NO POINTS! (call for rates on 2nd homes)** | |||
| Products | Term | A.P.R.* | Monthly cost per $1,000 Borrowed |
| 5/25 {2 step fixed rate} [cap:4%] | 30 Years | 5.125% | 5.44 |
| 7/23 {2 step fixed rate} [cap:4%] | 30 Years | 5.375% | 5.60 |
| 10 Year Fixed Rate | 4.875% | 10.55 | |
| 15 Year Fixed Rate | 5.000% | 7.91 | |
| 20 Year Fixed Rate | 5.375% | 6.81 | |
| 30 Year Fixed Rate | 5.625% | 5.76 | |
| 35 Year Fixed Rate | 6.000% | 5.70 | |
Mortgages exceeding 80% LTV will result in a higher annual percentage rate.
* A.P.R. = Annual Percentage Rate.
**For Mortgage rates on owner occupied second homes add 0.25%. The maximum rate under this plan would be 18.00%. The borrower is required to maintain property insurance coverage as a condition of the loan.
All loans are subject to credit approval. A.P.R.s are subject to change without notice.
|
EQUITY LOANS & LINES OF CREDIT (max. amount $250,000.00) | |||
| Products |
Max. Loan Amount |
A.P.R.* | Monthly cost per $1,000 Borrowed |
| 5 Years Fixed Rate | $250,000 | 5.750% | 19.22 |
| 10 Year Fixed Rate | $250,000 | 6.250% | 11.23 |
| 15 Year Fixed Rate | $250,000 | 6.500% | 8.71 |
| 20 Year Fixed Rate | $250,000 | 6.750% | 7.60 |
| Line of Credit Adjustable @ Prime (4.5% minimum APR)++ | $250,000 | 4.500% | A |
* A.P.R. = Annual Percentage Rate.
++ This reflects the rate based upon Prime of 3.25% on 2/28/2010. Subject to minimum rate up to 4.5%. This rate will change without notice on a monthly basis at the end of each billing cycle. The maximum rate under this plan would be 18.00%. The borrower is required to maintain property insurance coverage as a condition of the loan. Please consult your tax advisor concerning the deductibility of interest paid.
A - This payment would be dependent upon the term of the loan.
All loans are subject to credit approval. A.P.R.s are subject to change without notice.
