| 5,000 LINE OF CREDIT 7.99% 1 PAYMENT HELD AS SECURITY 36 mo. |
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*term and condition for loan may vary according to credit on file at credit union and credit bureau.
**anything over 36 months will have an interest rate of 16.00 with a limit of a 48 mo. term. |
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| Car Loan Rates (40,000.00 limit) |
| Car/Truck | Term | Percent | Requirement |
| 2008 | 72 mo | 7.50 | 5% required in shares & one month payment |
| 2006 - 2007 | 72 mo | 8.00 | 5% required in shares & one month payment |
| 2004 - 2005 | 60 mo | 8.25 | 5% required in shares & one month payment |
| 1995 - 2003 | 48 mo | 9.00 | 10%required in shares & one month payment |
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| Boat Loan Rates (40,000.00 limit) |
| Boats |
| 2007 - 2008 | 72 mo | 7.75% | 5% required in shares & one month payment |
| 2004 - 2006 | 72 mo | 8.00% | 5% required in shares & one month payment |
| 2001 - 2003 | 60 mo | 9.00% | 10% required in shares & one month payment |
| 1995 - 2000 | 48 mo. | 9.99% | 10% required in shares & one month payment |
| **older boats before 1992 will go back to the committee for % and term. |
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| Rv/Trailers/Motorcycle Loan Rates (40,000.00 limit) |
| Rv / Trailers / Motorcycles |
| 2007 - 2008 | 72 mo | 7.75% | 5% required in shares & one month payment |
| 2005 - 2006 | 72 mo | 8.00% | 5% required in shares & one month payment |
| 2001 - 2004 | 48 mo. | 9.00% | 10% required in shares & one month payment |
| 1996 - 2000 | 36 mo. | 9.99% | 10% required in shares plus one month payment |
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**Some loans/security may not meet any category, but can be considered by the Credit Committee, with terms and interest rate to be negotiated. Mobile Homes and classics cars would fit this category.
SHARES PLEDGE
PERCENTAGE PLEDGE WILL REMAIN IN ACCOUNT UNTIL LOAN BALANCE EQUALS THE PLEDGE AMOUNT, THEN PLEDGE CAN BE REDUCED.
ONE MONTH PAYMENT WILL BE HELD FROM PAYROLL DEDUCTION EACH MONTH AND TRANSFERED TO THE LOAN ON THE 28TH OF EACH MONTH. THIS REQUIREMENT CAN BE WAIVED IF THE APPLICANT IS NOT ON THE PAYROLL. DEDUCTION AND LOAN PAYMENTS MUST BE SENT INTO THE OFFICE BY THE 28TH OF EACH MONTH
*****************18.00 application fee non-refundable*****************
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