Loan Rates as of 10/2012 (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 2006 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 |
|
2005 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