Loan Rates as of 10/2014 (Loans written by appointment)

Type

Term

Rates*

Limit**

Share Secured

1 year balloon with 60 month amortization

Previous quarter’s dividend rate + 2.00%

 

$’s in Share

New auto, truck or motorcycle****

72 month

5.75%

(less discount***)

Full purchase price

New auto, truck or motorcycle and 2008 or newer used auto, truck or motorcycle - NOT SALVAGE****

12 month

24 month

36 month

48 month

60 month

4.50%

4.75%  

5.00%  

5.25%

5.50%

(less discount***)

Full purchase price if new;

used is 90% of NADA retail or 90% of appraised value

2007 or older used auto, truck or motorcycle- NOT SALVAGE****

12 month

24 month

36 month

48 month

7.50%

7.75%   

8.00%   

8.25%

(less discount***)

90% of NADA retail or 90% of appraised value

 

 

Other vehicles with titles – NOT SALVAGE

Up to 36 months

9.75%

(less discount***)

100% of new or 90% of NADA (or equivalent) retail value for used

Signature

36 month

12.00%

(less discount***)

$3000.00

* All rates subject to change without notice; no refinance of existing loans at new rates

** Current loans in aggregate to any one member may not exceed $40,000

*** Discount calculated by subtracting 530 from applicant's BEACON score and multiplying the result by .0067. Example: with BEACON of 700, discount would be 700 less 530 = 170 X .0067 = 1.14 discount. A signature loan for the applicant would be 12% less 1.14, or 10.86%. The higher the credit score, the greater the discount! 

Current Specials - Funds may not be used to pay off any existing CU loan

HYBRID VEHICLE

  • reduced by 1% off our regular vehicle rates, new or used (no salvage titles)

$5000 signature for 5 years

  • 800 BEACON or above, 6% no collateral required
  • 700 - 799 BEACON, 8% no collateral required
  • (special signature can be had in addition to regular signature loan)

"LET'S MAKE A DEAL" Vehicle

  • CU will attempt to meet or even beat any rate you have on a current vehicle loan, or on any rate you are being offered by a dealer on a new or used vehicle purchase

HIGH BEACON vehicle special

  • 800 BEACON or above, 5 years at 3.00%
  • 700 - 799 BEACON, 5 years at 3.50%
  • Adjustments up or down for longer or shorter terms, hybrid apply