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Loan Rates/Share Rates
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The Board of Directors approved Loans Rates effective 2nd quarter of 2018 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)
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Loans
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Rate
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APR
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Term
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New Auto Loans and prior Model Year (75% of purchase price including sales tax and other charges)
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Other Secured Loans – Motor Vehicle Title (Maximum 90% of N.A.D.A. "Loan" Value)
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2.75
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2.75
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36
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New Auto Loans and prior Model Year (75% of purchase price including sales tax and other charges)
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Other Secured Loans – Motor Vehicle Title (Maximum 90% of N.A.D.A. "Loan" Value)
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Min. $8,000 Other Secured Loans – Motor Vehicle Title
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3.00
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3.00
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48
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New Auto Loans and prior Model Year (75% of purchase price including sales tax and other charges)
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Other Secured Loans – Motor Vehicle Title (Maximum 90% of N.A.D.A. "Loan" Value)
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Min. $10,000 New Vehicle/Min. $15,000 Other Secured Loans
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3.25
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3.25
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60
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New Auto Loans and prior Model Year (75% of purchase price including sales tax and other charges)
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Min. $20,000 New Vehicles/RV's
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3.50
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3.50
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72
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New Auto Loans and prior Model Year (90% of purchase price including sales tax and other charges)
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Other Secured Loans – Motor Vehicle Title (Maximum: N.A.D.A. "Loan" Value)
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3.75
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3.75
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36
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New Vehicle & Prior Model Year (90% of purchase price including sales tax and other charges)
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Other Secured Loans – Motor Vehicle Title (Maximum: N.A.D.A. "Loan" Value)
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Min. $8,000 Other Secured Loans – Motor Vehicle Title
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4.00
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4.00
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48
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New Vehicle & Prior Model Year (90% of purchase price including sales tax and other charges)
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Other Secured Loans – Motor Vehicle Title (Maximum: N.A.D.A. "Loan" Value)
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Min. $10,000 New Vehicles/Min. $15,000 Other Secured Loans
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4.25
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4.25
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60
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New Vehicle & Prior Model Year (90% of purchase price including sales tax and other charges
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Min. $20,000 New Vehicles/RV's
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4.50
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4.50
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72
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New Vehicle & Prior Model Year (100% of purchase price including sales tax and other charges)
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Used Vehicle (Maximum: N.A.D.A. "Clean Retail" Value)
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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)
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Stock Secured (regularly traded on the NYSE – up to 70% of current market value)
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Bond Secured (up to 70% of current market value)
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4.25
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4.25
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36
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New Vehicle & Prior Model Year (100% of purchase price including sales tax and other charges)
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Used Vehicle (Maximum: N.A.D.A. "Clean Retail" Value)
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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
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Stock Secured (regularly traded on the NYSE – up to 70% of current market value)
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Bond Secured (up to 70% of current market value)
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Min. $8,000 New Vehicles/RVs
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4.50
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4.50
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48
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New Vehicle & Prior Model Year (100% of purchase price including sales tax and other charges)
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Used Vehicle (Maximum: N.A.D.A. " Clean Retail" Value)
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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)
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Stock Secured (regularly traded on the NYSE – up to 70% of current market value)
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Bond Secured (up to 70% of current market value)
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Min. $10,000 New Vehicles/Min. $15,000 Used Vehicles, RVs
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4.75
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4.75
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60
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New Vehicle & Prior Model Year (100% of purchase price including sales tax and other charges)
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Other Secured Loans (New Recreational Vehicles – 100% of purchase price excluding sales tax and other charges)
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Stock Secured (regularly traded on the NYSE – up to 70% of current market value)
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Bond Secured (up to 70% of current market value)
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Min. $20,000 New Cars/RV's
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5.00
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5.00
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72
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Shares Secured (Variable Rate)
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3.500
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3.500
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72
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Unsecured Signature Loans
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9.75%
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9.75%
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12
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Unsecured Signature Loans
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11.25
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11.25
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36
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Unsecured Signature Loans – Minimum $6,000
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11.75
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11.75
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48
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Unsecured Signature Loans – Minimum $15,000.01
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12.25
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12.25
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60
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Home Equity Loans – Variable Rate (Prime Rate)
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4.50
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4.50
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180
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Fixed Rate Mortgages – Home Equity – Maximum loan of $50,000
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3.75
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3.75
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60
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Fixed Rate Mortgages – Home Equity – Minimum loan – $25,000
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4.00
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4.00
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84
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9.48
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9.48
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n/a
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The Board of Directors projected the rates for the 2nd Quarter of 2018 as follows:
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Savings
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Dividend Rate
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APY*
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Term
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Regular Shares (including POD Accounts)**
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1.250
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1.256
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n/a
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Share Drafts***
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0.125
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0.125
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n/a
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with e-statements
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0.50
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0.501
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n/a
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IRAs****
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2.125
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2.142
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n/a
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*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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