Loan Rates

Loan Rates - Effective February 1, 2017

Loan Type

Loan Limits

Terms

APR Rates

Loan Criteria

Share Secured

 

100% of  Share Account balance

1-5 years

3% above Savings Account rate

Hold on Share Account until loan is paid in full.

Certificate Secured

 

 

100% of certificate balance

1-2 years

3% above Certificate rate

Loan to be paid in full by certificate maturity date. Hold on certificate.

New Vehicles

 

 

Up to 100% of MSRP based on credit score

Terms 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 Vehicles

 

 

Up to 100% of NADA retail value based on cr. score

Terms 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 Motorcycles

 

Up to 100% of NADA retail value based on cr. score

1-6 years

>6-12 years

4.99%

5.99%

New to 7 years old. 1st lien position. Vehicle fully insured. EMFCU named as loss payee.

Mobile Homes

 

 

Min. loan of $5,000 or up to 80% of NADA book value

1-5 years

5.1-10 yrs.

7.49%

7.99%

UCC filing on home. 1st position lien only.

Equity-Mortgage Loans 1st & 2nd Position (Home Improvement Loans)

$10,000-$100,000

APR 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-$100,000

3-15 Years

A Paper= Prime Rate

B = Prime 0.25%

C = Prime 0.50%

D = Prime 1.00%

Same as above. Rate may change quarterly.

Prime rate currently 3.75%.

LTV Ratios-Same as fixed.

Personal or Consolidation

 

 

$1,000-$10,000

Up 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 Holiday

 

 

Loan limits may vary year by year

12 months

Set by Board prior to each promotion

Based on credit qualification.

Collateral or cosigner required in some instances.

Mastercard $500-$15,000

8.99%

to

11.99%

APR rate is based on credit qualifications & credit limit

Revolving Line of Credit

No annual fees

18.00% default rate

Note: The Annual Percentage Rate (APR) for loans on this guide sheet are for non-promotional loans. Rates, terms and conditions may change at any time without prior notice. The APR rates on certain loan products may be discounted up to 0.50% with our rate discount program. See loan officer for details. In all instances, the rate discount does not apply to promotional APR rates. Recreational vehicles include motorcycles, boats, motorhomes, campers, jet skis, snowmobiles and ATVs. This rate sheet is for informational purposes only. Call Loan Dept. for specific details. (826-1976)