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)
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* |
| Annual Percentage Rate |
| 10.56% APR* |
*APR=Annual Percentage Rate. Variable based on prime rate.
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
