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Lending Options > Loan Rates

Loan Rates

It's better to get a loan at Members First Credit Union. We truly care about your financing needs and hope to help you find your happy with same day approvals, loan rate discounts and a variety of insurance products.

Loan Rates

Secured Loans (Vehicle & Recreational Loans)
Effective Date: Saturday, November 18th, 2017
TermsAPR as low as*Payment per $1,000.00
Up to 24 Months 2.50% $42.77
Up to 36 Months 2.74% $28.97
Up to 48 Months 2.94% $22.12
Up to 60 Months 2.94% $17.95
Up to 108 Months 6.94% $12.49
If you have colorful credit, talk to us. Our loan officers can help and find you a payment with a term that will fit your needs.

Recreational Vehicles
Effective Date: Saturday, November 18th, 2017
TermsAPR as low as*Payment per $1,000.00
Up to 24 Months (longer terms are available) 2.50% $42.77
Motor Homes, Travel Trailers, Campers, Snowmobiles, Boats, Motorcycles, Personal watercraft, 4-Wheelers (may be written as a ballon note with a minimum of $10,000)

Share Pledge Loans
Effective Date: Saturday, November 18th, 2017
TermsAPRPayment per $1,000.00
Up to 60 Months 4.00% $18.88
May also be written as a balloon note.

Certificate Pledge Loans
Effective Date: Saturday, November 18th, 2017
TermsAPR
Not to exceed CD maturity date CD Rate +2%, minimum 4.00%

Unsecured Loans/ Other Personal Property
Effective Date: Saturday, November 18th, 2017
TermsAPR as low as*Payment per $1,000.00
Up to 60 Months 8.94% $20.50

VISA® Credit Cards
Effective Date: Saturday, November 18th, 2017
CardTermsAPR as low as*
VISA® Platinum up to $20,000 ; open-end line of credit 9.59%
VISA® Platinum Rewards up to $20,000 ; open-end line of credit 10.90%
VISA® Share Secured up to $10,000 ; open-end line of credit 7.75%

First Mortgages
Effective Date: Friday, November 3, 2017
TermsAPR as low as*Payment per $10,000.00
30 Year 4.174% $48.48
20 Year 4.068% $60.60
15 Year 3.712% $72.12
10 Year 3.626% $98.89
Rural Development Available Upon Request  
Payments do not include taxes and insurance. Actual payments will be higher.

Second Mortgage/Home Equity Installment Loans
Effective Date: Saturday, November 18th, 2017
TermsAPR as low as*Payment per $1,000.00
8 year term, 80% Loan-to-Value or Less 5.49% $12.90
15 year term, 80% loan-to-value or Less 6.24% $8.58

Home Equity Lines of Credit
Effective Date: Saturday, November 18th, 2017
TermsAPR as low as*Payment per $1,000.00

Based on the Prime rate, adjusted quarterly. Loan amounts $5,000.00 to $100,000.00. Loan-to-value up to 100%.

4.25% $15.00
Maximum APR 18.00%.
Rates are variable and subject to change.

Land Loans
Effective Date: Saturday, November 18th, 2017
TermsAPR as low as*Payment per $1,000.00
2-year balloon 7.74% $9.41

Overdraft Line of Credit
Effective Date: Saturday, November 18th, 2017
TermsAPR as low as*Payment per $1,000.00
Up to $2,000; open-end line of credit 15.00% $45.00

Rates and terms are subject to change at any time, as determined by the Board of Directors.

*APR = Annual Percentage Rate.  Final rate is determined by loan applicant's credit score and relationship with the credit union.  Rates featured are listed "as low as" and subject to credit approval.  All rates are subject to change.

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Find Your Happy

Members First Credit Union | P.O. Box 2165 | Midland, MI 48641
Phone 855-835-MFCU (6328) | mail@mfcu.net

Federally insured by NCUA.
We do business in accordance with the Fair Housing Law.