LOAN RATES
Effective March 10, 2008
| _ | APPROXIMATE TERM |
ANNUAL PERCENTAGE RATE |
SECURED LOANS New and Used AutosNew and Used Boats Campers and RVs New and Used Motorcycles & ATVs (and most collateral loans) |
24 to 72 Months | 6.00% to 17.00% |
| UNSECURED
LOANS |
– |
8.50% - 17.95% |
| Signature Loans | – | 8.50% - 17.95% |
| Line of Credit ($100 minimum advance) |
Term is 3% of Balance | 8.50% - 17.95% |
| VISA CREDIT CARD | – | 8.50% - 17.95% |
| SECURED VISA CREDIT CARD | – | 7.50% |
| **Share Certificate | – | 3% Above rate paid on Share Certificates |
| Share Secure | 36 Months | 3% above rate paid on shares |
Collection Cost: Your promise to pay any cost of collecting the amount you owe under this agreement including court cost and reasonable attorney fees.
If you have agreed to make payments by payroll deduction and that payroll deduction should stop, you will be responsible for making your scheduled payment.
** The Annual Percentage Rate (APR) will be the rate paid on certificate plus 3.00%. Failure to renew certificate will result in default. When renewed, the APR will result in more payments of the same amount until what you owe is repaid. The new APR will be disclosed at the time certificate is renewed.
Filing Fee: You will be charged a filing fee if the credit union takes a security interest in collateral other than an auto to obtain a lien. The amount is $20.00 as required by state law.
Late Charge: If you are 10 days or more late making a payment you may be charged a late charge fee of $20.00 per each late payment due.
Minimum Payment: As set by the Board of Directors your monthly payment will never be less than $30.00 per month.