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Loan Rates As of October 2008
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All Rates and Conditions are subject to change without prior notice
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TITLED
New/Used Vehicle Loans
|
24 Months |
36 Months |
48 Months |
60 Months |
66 Months |
72 Months |
Cars, Trucks, Vans
Motorcycles
10 Yrs. Old or less or in NADA |
|
5.00% |
5.00% |
5.00% |
5.50% |
6.00% |
7.00% |
| Additional charges could apply such as late payment fees and/or fees listed in contractual agreement. |
|
TITLED
New/Used Vehicle Loans
|
60 Months |
84 Months |
120 Months |
180 Months |
Boats, Motor Homes
Travel Trailers
|
|
8.25% |
8.75% |
10.75% |
12.75% |
| OTHER TITLED - NON TITLED |
36 Months |
60 Months |
72 Months |
Jet Ski's, Snowmobiles
Off Road Motorcycles
Camper Tops, etc. |
|
6.60%
|
7.15% |
7.60% |
| HOME LOANS (Equity Loans and 2nd Mortgage Loans) |
1/2 pt. below Prime Rate -- 5%Minimum
|
####
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| SHARE SECURED LOANS |
Variable rate-maximum 180 months |
| UNSECURED LOANS |
12 Months |
24 Months |
36 Months |
48/60 Months |
| #### |
|
9.75% |
10.75% |
11.75% |
12.75% |
| MASTERCARD |
|
9.75% Share Secured MasterCard Same Rate |
| Other APRs |
Balance Transfer: 9.75% APR
Cash Advances: 9.75% APR |
| Annual Fee |
None |
| Grace Period |
25 Days |
Balance Calculation
Method For Purchases |
Average Daily Balance
(including new purchase) |
| Late Payment Fee |
$10.00 |
| Over Limit Fee |
-0- |
| Minimum Finance Charge |
$0.50 |
These disclosures are accurate as of March 2008.
They are subject to change periodically. Contact the credit union at (248) 674-0491 or write to us at 4594 Pontiac Lake Road, Waterford, MI 48328 for information on any changes to the above disclosure. |
| LINE OF CREDIT LOANS |
15.00% |
|
Vehicle Loan Terms |
| 2008-2006 |
66 Months |
| 2005-2004 |
54 Months |
| 2003-2001 |
42 Months |
| 2000-1999 |
30 Months |
| 1998 |
12 Months |
|
