Loan Rates

Effective 12/1/2018

Loan TypeLoan LimitsTermsAPR*Loan Criteria
Share Secured100% of  Share Account balance1-5 years3% above Savings Account rateHold on Share Account until loan is paid in full.
Certificate Secured100% of certificate balance1-2 years3% above Certificate rateLoan to be paid in full by certificate maturity date. Hold on certificate.
New VehiclesUp to 125% of MSRP based on credit scoreTerms and  APR rates vary depending on year of vehicle. Call office for details.1st lien position. Vehicle fully insured. EMFCU named as loss payee.
Used VehiclesUp to 125% of NADA retail value based on cr. scoreTerms and APR rates vary depending on year of vehicle. Call office for details.1st lien position. Vehicle fully insured. EMFCU named as loss payee.
Recreation Vehicles and MotorcyclesUp to 100% of NADA retail value based on cr. score1-6 years>6-12 years4.99%5.99%New to 7 years old. 1stlien position. Vehicle fully insured. EMFCU named as loss payee.
Mobile HomesMin. loan of $5,000 or up to 80% of NADA book value1-5 years5.1-10 yrs.7.49%7.99%UCC filing on home. 1stposition lien only.
Equity-Mortgage Loans 1st & 2nd Position (Home Improvement Loans)$10,000-$100,000APR rates vary weekly. Call for specific information.Additional terms apply. Call Loan Dept. for details (826-1976).75%-90% Loan-to-Value
H/E Lines of Credit$10,000-$100,0003-15 YearsA Paper= Prime RateB = Prime 0.25%C = Prime 0.50%D = Prime 1.00%Same as above. Rate may change quarterly.Prime rate currently 5.50%.LTV Ratios-Same as fixed.
Personal or Consolidation$1,000-$10,000Up to 3 years 8.49%Up to 5 years 8.99%Signature loans are based on credit qualifications.Collateral or cosigner required in some instances.
Summertime or HolidayLoan limits may vary year by year12 monthsSet by Board prior to each promotionBased on credit qualification.Collateral or cosigner required in some instances.
Mastercard$500-$15,0008.99%to11.99%APR rate is based on credit qualifications & credit limitRevolving Line of CreditNo annual fees18.00% default rat