Rates

Loan Rates/Share Rates

The Board of Directors approved Loans Rates effective 3rd 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

Home Equity Loans**

Revolving Line of Credit

Loan Amount Loan-to-value Annual Percentage Rate
$10,000 – $100,000 ≤80% 5.50%*
$100,001-$200,000 ≤70% 5.50%*

*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%
72 months 5.00% 4.75% 4.50% 4.25% 3.50% 3.25%

*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 4.125% APR* 3.875% APR*

 MasterCard/Visa

Annual Percentage Rate
10.56% APR*

*APR=Annual Percentage Rate. Variable based on prime rate.

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Deposit Rates

The Board of Directors approved Savings Rates effective 3rd quarter of 2019 as follows:

  Rate Annual Percentage Yield
Savings (Regular Share Acct)** 1.875% 1.888%
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

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