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 (ie recreational)
NOT  SALVAGE

Up to 60 months
(2008) or Newer)

Up to 48 months
(2007 or Older)

5.75% less discount

(if 2007 or older add 3% to base rate)

 

 

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

ATV Vehicles Rates now available

           Rates for new ATV and other recreational vechicles that can be licensed, titled and insured start at 5.75%.
           Call us for more details