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%

*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.

‡Loan and credit card rates are the lowest rates for qualified applicants, based on creditworthiness. Other restrictions may apply based on underwriting criteria.

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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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