SHARE SECURED LOANS
The interest rate is 6% for repayment in 24 months or less; the interest rate is 7% for loans in excess of 24 months to a maximum repayment of 36 months.

VACATION LOANS
The maximum amount borrowed is $4000 for a one year period at 8%

HOME APPLIANCE LOAN
Maximum repayment for this loan is 24 months at an interest rate of 6%.

HOME IMPROVEMENT LOAN
This loan is available to a maximum of $5000 with a 10% interest rate for a repayment of 24 months.

CREDIT CARD DEBT PAYMENT LOAN
This loan is available to a maximum of $5000 with a 10% interest rate for a repayment of 24 months.

TAX LOAN
The maximum amount of the loan would be $5000 for a repayment period of 24 semi-monthly payments at 10%.

NEW CAR LOAN
100% of the purchase price of the vehicle, excluding taxes, Motor Vehicle fees, Documentary fees, will be financed to a maximum of $35,000. Repayment and interest rates are as follows:

36 months or less 6%
48 months 7%
60 months 4.9%

USED CAR LOAN
The maximum dollar amount for any member is 75% of the average retail value, exclusive of options, as reflected in the NADA Book, up to a maximum of $30,000 excluding taxes, motor vehicle fees or documentary fees. The interest rates and repayment are as follows:

24 Months or less 7.0%
36 Months 7.5%
48 Months 8.0%

PERSONAL LOAN
Annual percentage rate is based on the credit report scoring. The maximum percentage per year is 15% for a repayment of 48 months.

Maximum dollar amount per member is based on membership with the Credit Union. Amounts are as follows:

20 years or more Up to $30,000
     
Less than 20 years
More than 15 years
Up to $25,000
     
Less than 15 years
More than 10
Up to $20,000
     
Less than 10 years
More than 5 years
Up to $15,000
     
Less than 5 years
More than 1 year
Up to $5,000
     
Less than 1 year No Loans Granted  

One and one-half month's loan payment will be held as security on this loan.

 

TO ALL MEMBERS:
Listed on this web site are the policies for this Credit Union, all interest rates, and dividend rates. The terms listed in this publication are subject to change without notice as determined by the Board of Directors

 

 

 

 

 

 

 

 

 

 

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