Loan Rates

New/Used Vehicle Loans, Model Year 2020 & Newer

(2020 and Newer)
2020-2021: Maximum 6-Year Term
2022-2024: Maximum 7-Year Term

Terms available vary based on model year of vehicle.

Vehicle Loans, Model year 2014-2019

2017-2019: Maximum 5-Year Term

2014-2016: Maximum 4-Year Term

Terms available vary based on model year of vehicle.

First Mortgages, Originated for Sale on the Secondary Market

The Credit Union has established a loan referral program with Rocket Mortgage whereby lending staff assists with the completion of the Loan Application and gathering information needed to originate a loan through Rocket Mortgage. The rates quoted below assumes the property being financed is an existing single-family home that will be used as the Member’s primary residence. Rates also assume a 60-day rate lock and a credit score is 700 or higher. Payment information does not include any escrows.

First Mortgages, Loans kept in-house

This program benefits those Members who prefer to keep their mortgage locally. These loans originated for retention in the Credit Union loan portfolio and are serviced by the Credit Union. All payments made to these loans are made at the Credit Union. Any questions that Members may have are answered by Credit Union staff.

First Mortgages - Mobile Homes

On full foundation

1. These payments do not include amounts for taxes and insurance premiums. The actual payment obligation will be greater if taxes and insurance premiums are added to the loan.

2. Closing costs typically range from $750 to $1,500.

3. Maximum LTV 80%.

First Mortgages - Mobile Homes Located on Slab

1. These payments do not include amounts for taxes and insurance premiums. The actual payment obligation will be greater if taxes and insurance premiums are added to the loan.

2. Closing costs typically range from $750 to $1,500.

3. Maximum LTV 80%.

5-YR Balloon Mortgage

Closing costs typically range from $300 to $1,700.

Construction Loans

Fixed-Rate Equity Loan

Second/Junior Mortgages

1. These payments do not include amounts for taxes and insurance premiums. The actual payment obligation will be greater if taxes and insurance premiums are added to the loan.

2. Closing costs typically range from $300 - $1,000.

Mobile Homes In A Park

Rates and terms dependent upon year of mobile home.

Camps/Vacation Homes

Home Equity Lines of Credit

1. There is no minimum initial advance required.

2. Property Insurance is also required.

3. There is no minimum Annual Percentage Rate (APR) that may be imposed. The maximum APR that may be imposed is 15%. The APR may increase or decrease monthly. The interest rate will be based on the prime rate as published in the Wall Street Journal (the “Index”) plus zero percentage points (0%) (the “Margin”). The interest rate will change whenever the Index changes. Changes in the interest rate will be calculated by taking the Index figure available fifteen (15) days before the first day of the month (the “Change Date”) and adding to it the Margin stated above. This figure rounded to the nearest .25% will be the new interest rate effective until the next Change Date.

4. Closing costs typically range from $350 - $1,000.

No Equity Home Improvement

1. 7.95% Fixed APR (Annual Percentage Rate) for a 10-year term.

2. 120 monthly payments of $12.12 per $1,000 borrowed.

3. Closing costs typically range from $100 - $500.

4. Maximum loan amount is $20,000.

Land Loans

Preferred Credit Line

1. There is no minimum initial advance required.

2. There is no minimum Annual Percentage Rate (APR) that may be imposed. The maximum APR that may be imposed is 18%.

3. The APR may increase or decrease monthly. The interest rate will be based on the prime rate as published in the Wall Street Journal (the “Index”) plus three percentage points (3%) (the “Margin”). The interest rate will change whenever the Index changes. Changes in the interest rate will be calculated by taking the Index figure available fifteen (15) days before the first day of the month (the “Change Date”) and adding to it the Margin stated above. This figure rounded to the nearest .25% will be the new interest rate effective until the next Change Date.

Personal

1. Max $20,000           

2. Terms up to 7 years available for loans over $10,000

Checking Overdraft Protection

1. There is no minimum initial advance required.

2. 15.50% Fixed APR (Annual Percentage Rate). There is no minimum Annual Percentage Rate that may be imposed.

Motorhomes

Add .50% on model years older than 2018.

Tractors, Motorcycles, ATVs, & Snowmobiles

Campers, Travel Trailers, & Boats

Add .50% on model years older than 2020.

Business Real Estate Loans

Business Auto and Pickup Trucks (2021-2024)

Business Equipment

The term of these loans is based on the useful life of item purchased. This category includes such equipment as: photocopiers, computers, farm equipment, construction equipment, trailers, mechanic's equipment, and wood harvesting equipments.

Business Heavy Equipment - Group 1**

**The term of these loans is based on the useful life of item purchased. This category includes such equipment as: dump trucks, pulp trucks, wreckers, stake bodies, box trucks and vehicles with a registered vehicle weight of over 18,000 pounds. TERMS OVER 10 YEARS REQUIRE MANAGEMENT APPROVAL

Business Heavy Equipment - Group 2**

**The term of these loans is based on the useful life of item purchased. This category includes such equipment as: skidders, farm tractors, tractor trailers, bulldozers, backhoes, dump trucks, pulp trucks, wreckers, and vehicles with a registered vehicle weight of over 18,000 pounds. TERMS OVER 10 YEARS REQUIRE MANAGEMENT APPROVAL

Share Pledged Loan Against Regular Share Account

Share Pledged Loan Against Money Market Account

Share Pledged Loan Against Certificate

For rates on other types of loans, please contact the Credit Union.
All rates are subject to change without notice.