The Board of Directors approved Loans Rates effective 4th quarter of 2019 as follows:
PREFERRED RATE: You may be eligible for a 1/4% reduction in your Annual Percentage Rate (APR) if you have automatic transfer from your savings account. If you discontinue this service, your rate will increase 1/4% (discount does not apply to Fixed Rate 1st Mortgages, Home Equity/2nd Mortgages or Visa/MasterCard accounts)
Home Equity Loans**
Revolving Line of Credit
| Loan Amount | Loan-to-value | Annual Percentage Rate |
| $10,000 – $100,000 | ≤80% | 5.00%* |
| $100,001-$200,000 | ≤70% | 5.00%* |
*This is a variable rate revolving line of credit with a 10-year draw and a maximum 15-year payback. The rate adjusts according to the prime rate as set forth in the Wall Street Journal.
Fixed Rate
| Term | Loan Amount | Annual Percentage Rate |
| 5 years (60 months) | $10,000 – $50,000 | 3.75% |
| 7 years (84 months) | $25,000 – $50,000 | 4.00% |
**Fees apply where full appraisals are required.
Vehicle Loans
New Vehicles
| 100% of purchase price including sales tax and other charges | 90% of purchase pricing including sales tax and other charges | 75% of purchase price including sales tax and other charges | ||||
| Term | APR* | Auto Transfer APR* | APR* | Auto Transfer APR* | APR* | Auto Transfer APR* |
| 36 months | 4.25% | 4.00% | 3.75% | 3.50% | 2.75% | 2.50% |
| 48 months | 4.50% | 4.25% | 4.00% | 3.75% | 3.00% | 2.75% |
| 60 months | 4.75% | 4.50% | 4.25% | 4.00% | 3.25% | 3.00% |
| 72 months | 5.00% | 4.75% | 4.50% | 4.25% | 3.50% | 3.25% |
*APR=Annual Percentage Rate.
Used Vehicles
| Maximum Loan: 100% of N.A.D.A. “Clean Retail” Value | Maximum Loan: 100% of N.A.D.A. “Loan” Value | Maximum Loan: 90% of N.A.D.A. “Loan” Value | ||||
| Term | APR* | Auto Transfer APR* | APR* | Auto Transfer APR* | APR* | Auto Transfer APR* |
| 36 months | 4.25% | 4.00% | 3.75% | 3.50% | 2.75% | 2.50% |
| 48 months | 4.50% | 4.25% | 4.00% | 3.75% | 3.00% | 2.75% |
| 60 months | 4.75% | 4.50% | 4.25% | 4.00% | 3.25% | 3.00% |
*APR=Annual Percentage Rate.
New Recreational Vehicles (Boats, RVs, Campers, etc.)
| 100% of purchase price excluding sales tax and other charges | 90% of purchase pricing excluding sales tax and other charges | 75% of purchase price excluding sales tax and other charges | ||||
| Term | APR* | Auto Transfer APR* | APR* | Auto Transfer APR* | APR* | Auto Transfer APR* |
| 36 months | 4.25% | 4.00% | 3.75% | 3.50% | 2.75% | 2.50% |
| 48 months | 4.50% | 4.25% | 4.00% | 3.75% | 3.00% | 2.75% |
| 60 months | 4.75% | 4.50% | 4.25% | 4.00% | 3.25% | 3.00% |
| 72 months | 5.00% | 4.75% | 4.50% | 4.25% | 3.50% | 3.25% |
*APR=Annual Percentage Rate.
Used Recreational Vehicles
| Maximum Loan: 100% of N.A.D.A. “Average Retail” Value | Maximum Loan: 100% of N.A.D.A. “Loan” Value | Maximum Loan: 90% of N.A.D.A. “Loan” Value | ||||
| Term | APR* | Auto Transfer APR* | APR* | Auto Transfer APR* | APR* | Auto Transfer APR* |
| 36 months | 4.25% | 4.00% | 3.75% | 3.50% | 2.75% | 2.50% |
| 48 months | 4.50% | 4.25% | 4.00% | 3.75% | 3.00% | 2.75% |
| 60 months | 4.75% | 4.50% | 4.25% | 4.00% | 3.25% | 3.00% |
| 72 months | 5.00% | 4.75% | 4.50% | 4.25% | 3.50% | 3.25% |
*APR=Annual Percentage Rate.
Unsecured (Personal) Loans
| Term | Annual Percentage Rate | Auto Transfer APR* |
| 12 months | 9.75% APR* | 9.50% APR* |
| 36 months | 11.25% APR* | 11.00% APR* |
| 48 months | 11.75% APR* | 11.50% APR* |
| 60 months | 12.25% APR* | 12.00% APR* |
Share (Savings) Secured Loans
| Term | Annual Percentage Rate | Auto Transfer APR* |
| Up to 72 months | 4.00% APR* | 3.750% APR* |
| Annual Percentage Rate |
| 10.20% APR* |
*APR=Annual Percentage Rate. Variable based on prime rate.
‡Loan and credit card rates are the lowest rates for qualified applicants, based on creditworthiness. Other restrictions may apply based on underwriting criteria.
The Board of Directors approved Savings Rates effective 4th quarter of 2019 as follows:
| Rate | Annual Percentage Yield | |
| Savings (Regular Share Acct)** | 1.750% | 1.762% |
| IRA Accounts**** | 2.250% | 2.269% |
| Checking (Share Draft Acct)*** | 0.625%* | 0.626%* |
*Rate and annual percentage yield with e-statements. Without e-statements deduct 0.50%.
**The minimum balance to earn dividends on regular accounts is $50.00
***The minimum balance to earn dividends on share draft accounts is $1.00
****The minimum balance to earn dividends on IRA accounts is $200.00
