Loan Products

Effective: November 2016

The Annual Percentage Rate (*APR) you receive may be different from the rate disclosed below. The rate is based on certain credit standards. Ask your loan officer for information about how your rate is determined. Rates are disclosed for each advance.

Loan Type
Approximate Term
Daily Periodic Rate
*APR
Personal Loans
  Less Than $2,000
24 Months
0.02192% - 0.04657%
8.00% - 17.00%
Personal Loans
  Over $2,000
36 Months
0.02602% - 0.04657%
9.50% - 17.00%
Co-Maker
  Over $2,000
36 Months
0.03013% - 0.04657%
11.00% - 17.00%
Share Secured Loans
  Less Than $2,000
24 Months
0.01644%
6.00%
Share Secured Loans
  Over $2,000
36 Months
0.01370%
5.00%
Certificate Secured
  Less Than $2,000
24 Months
See Below
+3.00% Above Rate Paid on Deposit

OTHER COLLATERAL TYPES

Loan Type
Approximate Term
Daily Periodic Rate
*APR
New Auto
2010 & Newer (to 2013)
36 Months
0.01438% - 0.02178%
5.25% -7.95%*
60 Months
0.01904% - 0.04370%
6.95% - 15.95%*
72 Months
For Loans
Over $25,000
0.02178% - 0.04643%
7.95% - 16.95%*
Older Model Autos
2009 & Older
36 Months
0.01904% - 0.02726%
6.95% - 9.95%*
60 Months
0.02329% - 0.04384%
8.50% -16.00%*
Motorcycles, Personal Watercraft, Campers, Boat/Mtr/Trl, Farm Equip.
2010 & Newer
36 Months
0.01644% - 0.02452%
6.00% - 8.95%*
60 Months
0.02055% - 0.04370%
7.50% - 15.95%*
72 Months
For Loans
Over $25,000
0.02329% - 0.04643%
8.50% - 16.95%*
Motorcycles, Personal Watercraft, Campers, Boat/Mtr/Trl, Farm Equip.
2009 & Older
36 Months
0.01904% - 0.02726%
6.95% - 9.95%*
60 Months
0.02329% - 0.04657%
8.50% - 17.00%*

CERTIFICATE SECURED: The Annual Percentage Rate (APR) will be the dividend rate paid on the Certificate offered as security (PRIM) plus the percentage show in the APR column above. The Certificate must either be renewed until the advance is completely paid or be rolled over into a share account, at which point the advance will become a Share Secured advance and be subject to those terms. Failure to renew the Certificate or roll over to a share account will result in default under the Plan. When the Certificate is renewed, the APR will change to reflect the new dividend rate and any increase in the APR will result in more payments of the same amount until what you owe is repaid.


DELINQUENT LOANS: Whenever your account becomes 60 days or more past due or is 14 days past due for 2 or more months in a calendar year, or you are in default, your ANNUAL PERCENTAGE RATE (APR) on your loan may be increased to 17.75 % APR. A minimum late fee of $25.00 will be added each month for payments not received on or by their due date, the maximum late fee is 1.5% of the amount past due.