Rates

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

Notification of 7 to 10 business days in advance for any withdraws $15,000.00 or more from the same account in any one month.

Current Dividend Rate – APR 0.025% – APY 0.025%

All fees charged to the Credit Union will now be charged to the member plus an additional $5.00. These fees include but are not limited to court cost, NSF checks, and stop payment fees.

Secured Loans

New 2023 and 2024 – 5.25% – 84 Months
Used 2023 – 6.25% – 72 Months
2022 – 7.25% – 72 Months
2021 – 8.25% – 72 Months
2020 – 9.25% – 72 Months
2019 – 10.25% – 60 Months
2018 – 11.25% – 60 Months
2017 and Older – 12.25% – 60 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, 2023 and are subject to change without notice.