Rates

Loan Rates/Share Rates

The Board of Directors approved Loans Rates effective 1st 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)

Loans
Loan Type Rate APR Term
  • New Auto Loans and prior Model Year (75% of purchase price including sales tax and other charges)
  • Other Secured Loans – Motor Vehicle Title  (Maximum 90% of  N.A.D.A. “Loan” Value)
 2.75 2.75 36
  • New Auto Loans and prior Model Year (75% of purchase price including sales tax and other charges)
  • Other Secured Loans – Motor Vehicle Title  (Maximum 90% of  N.A.D.A. “Loan” Value)
  • Min. $8,000 Other Secured Loans – Motor Vehicle Title
 3.00 3.00 48
  • New Auto Loans and prior Model Year (75% of purchase price including sales tax and other charges)
  • Other Secured Loans – Motor Vehicle Title (Maximum 90% of  N.A.D.A. “Loan” Value)
  • Min. $10,000 New Vehicle/Min. $15,000 Other Secured Loans
 3.25 3.25 60
  • New Auto Loans and prior Model Year (75% of purchase price including sales tax and other charges)
  • Min. $20,000 New Vehicles/RV’s
 3.50 3.50 72
  • New Auto Loans and prior Model Year (90% of purchase price including sales tax and other charges)
  • Other Secured Loans – Motor Vehicle Title (Maximum:  N.A.D.A. “Loan” Value)
 3.75 3.75 36
  • New Vehicle & Prior Model Year (90% of purchase price including sales tax and other charges)
  • Other Secured Loans – Motor Vehicle Title (Maximum:  N.A.D.A. “Loan” Value)
  • Min. $8,000 Other Secured Loans – Motor Vehicle Title
 4.00 4.00 48
  • New Vehicle & Prior Model Year (90% of purchase price including sales tax and other charges)
  • Other Secured Loans – Motor Vehicle Title (Maximum:  N.A.D.A. “Loan” Value)
  • Min. $10,000 New Vehicles/Min. $15,000 Other Secured Loans
 4.25 4.25 60
  • New Vehicle & Prior Model Year (90% of purchase price including sales tax and other charges
  • Min. $20,000 New Vehicles/RV’s
 4.50 4.50 72
  • New Vehicle & Prior Model Year (100% of purchase price including sales tax and other charges)
  • Used Vehicle (Maximum:  N.A.D.A. “Clean Retail” Value)
  • Other Secured (New Recreational Vehicles) – 100% of purchase price excluding sales tax and other charges, and Used Recreational Vehicles (Maximum:  N.A.D.A. “Average Retail” Value)
  • Stock Secured (regularly traded on the NYSE – up to 70% of current market value)
  • Bond Secured (up to 70% of current market value)
 4.25 4.25 36
  • New Vehicle & Prior Model Year (100% of purchase price including sales tax and other charges)
  • Used Vehicle (Maximum:  N.A.D.A. “Clean Retail” Value)
  • Other Secured Loans (New Recreational Vehicles – 100% of purchase price excluding sales tax and other charges, and Used Recreational Vehicles -Maximum:  N.A.D.A. “Average Retail” Value
  • Stock Secured (regularly traded on the NYSE – up to 70% of current market value)
  • Bond Secured (up to 70% of current market value)
  • Min. $8,000 New Vehicles/RVs
 4.50 4.50 48
  • New Vehicle & Prior Model Year (100% of purchase price including sales tax and other charges)
  • Used Vehicle (Maximum:  N.A.D.A. ” Clean Retail” Value)
  • Other Secured (New Recreational Vehicles – 100% of purchase price excluding sales tax and other charges, and Used Recreational Vehicles -Maximum:  N.A.D.A. “Average Retail” Value)
  • Stock Secured (regularly traded on the NYSE – up to 70% of current market value)
  • Bond Secured (up to 70% of current market value)
  • Min. $10,000 New Vehicles/Min. $15,000 Used Vehicles, RVs
 4.75 4.75 60
  • New Vehicle & Prior Model Year (100% of purchase price including sales tax and other charges)
  • Other Secured Loans (New Recreational Vehicles – 100% of purchase price excluding sales tax and other charges)
  • Stock Secured (regularly traded on the NYSE – up to 70% of current market value)
  • Bond Secured (up to 70% of current market value)
  • Min. $20,000 New Cars/RV’s
 5.00 5.00 72
  • Shares Secured (Variable Rate)
 4.00 4.00 72
  • Unsecured Signature Loans
 9.75 9.75 12
  • Unsecured Signature Loans
 11.25 11.25 36
  • Unsecured Signature Loans – Minimum $6,000
 11.75 11.75 48
  • Unsecured Signature Loans – Minimum $15,000.01
 12.25 12.25 60
  • Home Equity Loans – Variable Rate (Prime Rate)
 5.50 5.50 180
  • Fixed Rate Mortgages – Home Equity – Minimum loan $10,000 – Maximum  $50,000
 3.75 3.75 60
  • Fixed Rate Mortgages – Home Equity – Minimum loan  $25,000 – Maximum $50,000
 4.00 4.00 84
  • Visa Platinum/MasterCard – Variable (Prime + 5%)
 10.20 10.20 n/a
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The Board of Directors projected the rates for the 1st Quarter of 2019 as follows:
Savings
Account Type Dividend Rate APY* Term
Regular Shares (including POD Accounts)** 1.750 1.762 n/a
Share Drafts*** 0.125 0.125 n/a
         with e-statements 0.625 0.626 n/a
IRAs**** 2.250 2.269 n/a

*APY = Annual Percentage Yield

**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

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