| Consumer Loan Rates |
| Effective October 18, 2010 |
| New Vehicles: Current Year & 2008 |
Annual Percentage Rate |
| 100% Financing |
|
| 36 Months Approx. Term |
2.49% - 11.99% *** |
| 36 - 60 Months Approx. Term |
2.89% - 12.39% *** |
| 61-72 Months (Over 15, 000) |
2.99% - 12.49% *** |
*APR is defined as Annual Percentage Rate. A $15, 000 loan, with APR at 2.49% and term of 36 monthly payments of $432.26. Rate based on credit worthiness. |
| Used Vehicles |
| 2007 to 2005 model years - 0 to 60 Months Approx. Term |
3.99% - 13.49% *** |
| 2004 to 2003 model years - 0 to 48 Months Approx. Term |
4.99% - 14.49% *** |
| 2002 and older - 0 to 36 Months Approx. Term |
6.49% - 15.99% *** |
*APR is defined as Annual Percentage Rate. A $15, 000 loan, with APR at 3.99% and term of 60 monthly payments of $275.57. Rate based on credit worthiness. |
| ***(Above rates subject to .50 % discount for sharedraft account and auto transfer)*** |
|
| Motorcycles/ATVs |
| New-80% retail |
| 0 to 60 Months Approx. Term |
7.00% - 16.50% |
| Used |
| 2007 to 2005 yrs - 0 to 48 Months Approx. Term |
7.50% - 17.00% |
| 2004 and older - 0 to 36 Months Approx Term |
8.00% - 17.50% |
*APR is defined as Annual Percentage Rate. A $20, 000 loan, with APR at 7.00% and term of 60 monthly payments of $394.50. Rate based on credit worthiness. |
| RV's |
| New to 2008 - 80% retail |
| 60 Months Approx Term |
6.50% - 16.00% |
| 84 Months Approx. Term * |
7.00% - 16.50% |
| (*If amount financed is over $20,000.00) |
| Used |
| 2007 & older - 0 to 60 Months Approx. Term |
7.00% - 16.50% |
| 2007 & older - 60 to 84 Months Approx. Term * |
7.50% - 17.00% |
| (*If amount financed is over $20,000.00) |
*APR is defined as Annual Percentage Rate. A $20,000 loan, with APR at 6.50% and term of 60 monthly payments of $389.92. Rate based on credit worthiness. |
| Boats: 80% financing |
| New |
| Current year to 2008 - 0 to 60 Months Approx. Term |
6.50% - 16.00% |
| Used |
| 2007 to 2002 - 0 to 60 Months Approx. Term |
7.00% - 16.50% |
| 2001 & older - 0 to 48 Months Approx. Term |
7.50% - 17.00% |
*APR is defined as Annual Percentage Rate. A $20, 000 loan, with APR at 6.50% and term of 60 monthly payments of $389.92. Rate based on credit worthiness. |
| Share Secured Advances - varies with share dividends rate |
3.50% - 7.50% |
| All Other Secured |
10.00% - 18.00% |
| Signature Advances |
11.49% - 18.00% |
| Special Signature Advances |
16.00% - 18.00% |
| Special Seasonal Advances |
9.50% - 18.00% |
| *APR is defined as Annual Percentage Rate. A $1,800 loan, with APR at 9.50% and term of 12 monthly payments of $157.85. Rate based on credit worthiness. |
|
| Variable Line of Credit (1) |
(3.25 US PRIME INDEX)
| 7.75% |
11.75% |
| 4.5 Margin |
8.5 Margin |
|
|
- RISK BASED: The Annual Percentage Rate (APR) you receive will be within the range disclosed above and is based on your credit worthiness.
- Lien entry fees must be paid by the member on all loans with security interest.
- Minimum payment never less than $25.00 per month.
- Rates are subject to change without notice.
- New vehicles up to MSRP and used vehicles up to NADA.
- (1) Variable Rate Line of Credit: The Annual Percentage Rate (APR) for new and existing balances will be the U.S. Prime Rate (Index), plus a Margin based on credit score. We will use the most recent Index value available to us as of 60 days prior to any annual percentage rate adjustment. The APR will change annually on the last day of June to reflect any change in the Index. The APR will never be less than 8.25%. The APR will never be greater than 18.00% or the maximum rate allowed by law, whichever is less. Any increase in the APR will result in a higher payment.
- (1) Line of Credit will be reviewed annually and interest rates are subject to credit worthiness. Any increase in the APR will result in a higher payment, starting with the July payment.
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