Loan Rates
Rates effective as of 4/1/2012
| Auto Loans | Term | Maximum Amount Financed | Interest Rate APR* (as low as) |
|---|---|---|---|
| New Vehicle 2009 - 2012 | 66 Month | 100% | 2.99% |
| New Vehicle Cost over $20,000 | 72 Month | 100% | 2.99% |
| Used Vehicle 2007 - 2008 | 66 Month | 100% | 2.99% |
| Used Vehicle 2005 - 2006 | 60 Month | 100% | 2.99% |
| Used Vehicle 2004 and older | 48 Month | Loan Value | 2.99% |
*APR = Annual Percentage Rate.
| Unsecured Loans | Term | APR* |
|---|---|---|
| Signature Loans | 36 Month | 8.00%* |
| MasterCard Platinum | Variable Rate | 7.25% |
| MasterCard Gold | Variable Rate | 9.25% |
| MasterCard Classic | Variable Rate | 11.25% |
| Line of Credit | Revolving | 8.00%* |
*Note: .25% rate reduction for auto debit or payroll deduction and an additional .25% for direct deposit of 100% of payroll into a SECU deposit account. *APR = Annual Percentage Rate.
| Other Secured Loans | Term | Maximum Amount Financed | APR* (as low as) |
|---|---|---|---|
| Share Secured | 120 Month | 100% | 4.65% |
| Certificate Secured | Maturity Date of CD | 90% | 2.50% over CD rate |
| RVs/Boats Loans | 84 Month | 90% | 7.00% |
| Motorcycle Loans | 60 Month | 90% | 7.50% |
*APR = Annual Percentage Rate.
| First Mortgage Loans | Term | Maximum Amount Financed | APR* |
|---|---|---|---|
| First Mortgage | 240 months with 5 year call | 80% loan to value | 4.75%** |
| First Mortgage | 180 months (fixed) | 80% loan to value | 5.84%** |
*APR = Annual Percentage Rate. Loan fee of $275.00 to $475.00 - Minimum loan amount $10,000.00. 0.15% rate reduction on all Mortgage Loans with an existing State Employees Checking Account or by opening a Checking Account with SECU. Payment must have auto transfer from a SECU deposit account. **Rate includes auto-debit and direct-deposit discount. 1) Rates start at listed percentages. Rates subject to change without notice. Equal Housing Lender. OAC.
| Second Mortgage Loans | Term | Maximum Amount Financed | APR* |
|---|---|---|---|
| Second Mortgage | 180 months - 5 year call | 80% combined loan to value | 6.44%** |
| Second Mortgage | 120 months - fixed | 80% combined loan to value | 5.99%** |
*APR = Annual Percentage Rate. Loans greater than $50,000 will be subject to title insurance and appraisal fees **Rate includes auto-debit and direct-deposit discount. 1) Rates start at listed percentages. Rates subject to change without notice. Equal Housing Lender. OAC.
| Home Equity Line of Credit | Term | Maximum Amount Financed | APR* |
|---|---|---|---|
| HELOC | 180 month (5 year draw) | 80% combined loan to value | 6.00% |
*APR = Annual Percentage Rate. Document preparation fee of $150.00. $400.00 deferred origination fee if closed within 24 months of origination. Loans greater than $50,000 will be subject to title insurance and license fees. Minimum loan amount $10,000.00 - Minimum draw amount $300.00. Payment calculated at 0.50% of principal balance plus interest due monthly.
