Loan Rates*
TypeTermScore: ABCDE
UnsecuredUp to 60 months11.50%12.00%12.50%13.50%14.50%
Better Choice90 days - $500 maximum18.0%    
New Auto LoanUp to 72 months3.50% APR4.0%4.50%5.0%5.5%
Used Auto LoanUp to 60 months4.50% APR5.0% APR5.50%6.0% APR6.50% APR
Recreational VehiclesUp to 72 monthsNew 6.0%Used 6.50%   

The Credit Union utilizes a Risk-Based Lending Program to determine the credit worthiness of a loan applicant. The score will be taken from an up to date Experian credit report. We will make adjustments to the score, which will increase or decrease the score, based on the following criteria:

1. Home ownership
2. Debit ratio score (greater or less than 45%)
3. Number of years at the same employer
4. Number of years as a Credit Union member
5. Loan to be repaid with Direct Deposit or Payroll Deduction
6. Past due or charge off accounts on the credit report
7. Delinquency in the past 6 months with the Credit Union

The final score after the adjustments will determine the “paper grade” a loan will receive. Each paper grade is assigned an interest rate and a maximum amount the loan applicant can borrow.

For unsecured loans the maximum amounts are as follows:

Score Maximum Amount
A $10,000
B $7,000
C $5,000
D $3,500
E $2,500

If a loan applicant uses a co-borrower or a co-signer we will average the two credit scores and use the above criteria from each applicant to make any adjustments. A “C” paper grade will be assigned to any loan applicant that does not have a credit score.

Auto Loans also include motorcycles, RVs, titled boats, and campers.

 

Calculate a Loan Payment. Apply for a Loan.

 


Share Rates*
TypeAnnual Percentage RateAnnual Percentage YieldMinimum Deposit
Regular Shares.15%.15%$5.00
Christmas Club.15%.15%$5.00
Vacation Club.15%.15%$5.00
    
12 month CD.25%.25%$500.00 minimum
24 month CD.35%.35%$500.00 minimum
36 month CD.50%.50%$500.00 minimum
   All rates effective 7/1/2017

*All rates are subject to change without notice.