Columbiana County School Employees Credit Union

Rates

Requires $5.00 to open an account. A $5.00 balance must be maintained to earn current dividend rate.

Notification of at least 7 business days in advance for any withdraws $15,000.00 or more from the same account in any one month.

Current Dividend Rate – APR 0.10% – APY 0.10%

Secured Loans

New 2021 – 3.25% – 84 Months
Used 2021 – 3.50% – 72 Months
2020 – 3.75% – 72 Months
2019 – 4.00% – 72 Months
2018 – 4.50% – 72 Months
2017 – 5.00% – 60 Months
2016 – 6.00% – 60 Months
2015 – 7.00% – 60 Months
2014 – 8.00% – 60 Months
2013 – 9.00% – 48 Months
2012 – 9.50% – 48 Months
2011 – Older – 10.00% – 48 Months



Credit Score Risk Levels

Level 1 – 700 – Over
Level 2 – 640 – 699
Level 3 – 600 – 639
Level 4 – 599 – 501
Level 5 – 500 – Lower

Current Unsecured Loan Rates and Terms

NO CREDIT SCORE
No Level – $1,000.00 – 18% – 24 Months
*Loan Must Be Paid In Full Before Qualifying For Another Loan

NEW MEMBERS – FIRST TIME BORROWERS

Level 4 – $4,000.00 – 18% – 42 Months
Level 5 – $2,000.00 – 18% – 36 Months
*Loan payment must be made for a minimum of 12 months with no late payments to qualify for additional funds.

ESTABLISHED BORROWERS
NEW MEMBERS – FIRST TIME BORROWERS @ LEVEL 1, 2, and 3
Level 1 – $12,000.00 – 12% – 60 Months
Level 2 – $10,000.00 – 14% – 60 Months
Level 3 – $8,000.00 – 16% – 60 Months
Level 4 – $6,000.00 – 18% – 48 Months
Level 5 – $4,000.00 – 18% – 42 Months

All rates are fixed for the term of the loan. You must apply and be approved for the loan. Not all applicants will qualify. All amounts, rates, and terms are subject to change without notice.

For any loan funds to be dispersed, the original signed and dated loan application must be in the Credit Union office. Only after this is received, will loan appointments be scheduled.

Rates effective January 1, 2021 and are subject to change without notice.

Columbiana County School Employees Credit Union | 7556 State Route 45 Lisbon, OH 44432 | (330) 424-9649