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EFFECTIVE AUGUST 1, 2009
RISK BASED PRICING APPLIES
|
| Up To 36 Months |
4.25% APR*
|
|
| 37 - 48 Months |
4.25% APR*
|
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| 49 - 54 Months |
4.25% APR*
|
|
| 55 - 60 Months |
4.25% APR*
|
|
| 61 - 72 Months (A&B
Paper Only, Restrictions May Apply) |
4.99% APR*
|
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| Maximum term limits based on age of vehicle are set by credit union policy. |
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MAXIMUM
ADVANCE FOR DIRECT AND INDIRECT AUTO LOANS |
GRADE |
NEW
AUTO |
USED
AUTO |
A |
125% DLR INV |
100% NADA RETAIL |
B |
110% DLR INV |
90% NADA RETAIL |
C |
100% DLR INV |
85% NADA RETAIL |
D & E
|
80% DLR INV |
75% NADA RETAIL |
| MOTOR HOMES,
TRAVEL TRAILERS, 5th WHEELERS |
|
|
| A Grade - 60 MONTHS - ($5,000 - $14,999)
|
5.75% APR*
|
| A Grade - 84 MONTHS - ($15,000 - $49,000)
|
6.00% APR* |
| A Grade - 96 MONTHS - ($50,000+)
|
6.50% APR* |
|
| B Grade - 60 MONTHS - ($5,000 - $14,999)
|
6.40% APR*
|
| B Grade - 84 MONTHS - ($15,000 - $49,000)
|
6.65% APR* |
| B Grade - 96 MONTHS - ($50,000+)
|
7.15% APR* |
|
| C Grade - 60 MONTHS - ($5,000 - $14,999)
|
10.00% APR*
|
| C Grade - 84 MONTHS - ($15,000 - $49,000)
|
10.25% APR* |
| C Grade - 96 MONTHS - ($50,000+)
|
10.75% APR* |
|
| Current year model thru 4 years old by calendar year - Maximum mileage 60,000 (diesel unrestricted). |
|
| NEW - Up To 60 Months
|
6.55% APR*
|
|
| USED - Up To 48 Months
|
7.10% APR*
|
|
|
|
| NEW - Up To 60 Months
|
7.60% APR*
|
|
| USED - Up To 36 Months
|
7.60% APR*
|
|
|
|
| A Grade - NEW - Up To 60 Months
|
5.75% APR*
|
| A Grade - USED - Up To 48 Months
|
5.75% APR* |
|
| B Grade - NEW - Up 60 Months
|
6.40% APR*
|
| B Grade - NEW - Up 48 Months
|
6.40% APR* |
|
| C Grade - NEW - Up 48 Months
|
10.00% APR*
|
| C Grade - NEW - Up 36 Months
|
10.00% APR* |
|
| Current year model thru 4 years old by calendar year. |
|
| Up To 36 Months
|
10.55% APR*
|
|
|
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|
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| Maximum financing 50% of one month gross income. A+ credit can qualify for up to 200% of gross monthly income. |
|
|
| Regular Share/Money
Market |
2.00% Over Current Rate
|
|
| Certificate Of Deposit |
2.00% Over CD Rate
|
|
| Term of CD secured loan may not exceed maturity date of CD. |
|
|
|
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| Secured Visa cards are available. Visa Gold must qualify; debt ratio 43% or less. Visa Gold minimum balance $2,000; A & B grade only. |
|
|
| Up To 36 Months
|
8.75% APR* |
|
| Maximum loan amount up to 65% of stock value. |
|
RISK
BASED PRICING GUIDE |
GRADE |
SCORE |
%
DIFFERENCE (RATE) |
A |
700 & OVER |
STATED RATE
|
B |
650-699
|
0.65% OVER STATED RATE |
C |
600-649
|
4.25% OVER STATED RATE |
D |
550-599
|
7.50% OVER STATED RATE |
E |
549 & BELOW |
18.00% FLAT RATE ALL LOAN TYPES |
**********NO RATE WILL EXCEED 18.00%**********
|
When rates are quoted, the A Grade or lowest rate will be used.
Member rewards discount does not apply to share secured, personal line of credit, or any rate specials. Maximum discount of 1%.
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* APR = Annual Percentage Rate.
** 5.00% Late Fee Assessed On Payments
Over 10 Days Late.
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