Loan Rates
It's better to get a loan at Members First Credit Union. We truly care about your financing needs and hope to make a positive difference for you with same day approvals, loan rate discounts and a variety of insurance products. Call 888.835.5151 for personalized financing 24 hours a day, 7 days a week.
- Vehicle Loans
- Recreational Vehicles
- Share Pledge Loans
- Certificate Pledge Loans
- Unsecured Loans
- VISA® Credit Cards
- First Mortgages
- Fixed Rate Second Mortgage
- Second Mortgage
- Home Equity Lines of Credit
- Land Loans
- Overdraft Line of Credit
Rates and terms are subject to change at any time, as determined by the Board of Directors.
| Vehicle Loans | ||
| Effective Date: Saturday, September 4th, 2010 | ||
| Terms | APR as low as* | Payment per $1,000.00 |
| Up to 60 Months | 4.24% | $18.53 |
| Up to 66 Months | 4.39% | $17.09 |
| Up to 72 Months | 4.49% | $15.88 |
| Up to 84 Months (new vehicles only) | 5.74% | $14.49 |
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| Recreational Vehicles | ||
| Effective Date: Saturday, September 4th, 2010 | ||
| Terms | APR as low as* | Payment per $1,000.00 |
| Up to 60 Months (longer terms are available) | 4.99% | $18.87 |
| 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) | ||
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| Share Pledge Loans | ||
| Effective Date: Saturday, September 4th, 2010 | ||
| Terms | APR | Payment per $1,000.00 |
| Up to 24 Months | 4.00% | $43.43 |
| Up to 60 Months | 5.00% | $18.88 |
| May also be written as a balloon note. | ||
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| Certificate Pledge Loans | |
| Effective Date: Saturday, September 4th, 2010 | |
| Terms | APR |
| Not to exceed CD maturity date | CD Rate +2%, minimum 4.00 |
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| Unsecured Loans/ Other Personal Property | ||
| Effective Date: Saturday, September 4th, 2010 | ||
| Terms | APR as low as* | Payment per $1,000.00 |
| Up to 24 Months | 8.99% | $45.70 |
| Up to 36 Months | 9.99% | $32.28 |
| Up to 48 Months | 10.99% | $25.85 |
| Up to 60 Months | 11.99% | $22.25 |
| Includes Computers, Heavy Equipment | ||
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| VISAŽ Credit Cards | ||
| Effective Date: Saturday, September 4th, 2010 | ||
| Card | Terms | APR as low as* |
| VISAŽ Platinum | up to $20,000 ; open-end line of credit | 6.90% |
| VISAŽ Platinum Rewards | up to $20,000 ; open-end line of credit | 10.90% |
| VISAŽ Share Secured | up to $10,000 ; open-end line of credit | 7.75% |
| VISAŽ Student | up to $300 | 14.90% |
| Click here to compare and see which VISA® Credit Card is right for you! | ||
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| First Mortgages | ||
| Terms | APR as low as* | Payment per $1,000.00 |
| Please contact the credit union at 888.835.5151 ext 1750 for current fixed rate mortgages | ||
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| Fixed Rate Second Mortgage Special | ||
| Effective Date: Saturday, September 4th, 2010 | ||
| Terms | APR as low as* | Payment per $1,000.00 |
| 15 year term, 15-year amortization, 80% LTV or less | 6.24% | $8.58 |
| 15 year term, 15-year amortization, 81% to 90% LTV | 7.24% | $9.13 |
| Loan amounts between $5,000 to $50,000 | ||
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| Second Mortgage/Home Equity Loans | ||
| Effective Date: Saturday, September 4th, 2010 | ||
| Terms | APR as low as* | Payment per $1,000.00 |
| 5-year balloon, 30-year amortization, zero points, 90% LTV | 5.49% | $6.88 |
| 7-year ballon, 30-year amortization, zero points, 90% LTV | 6.24% | $7.31 |
| (Rate is 1% higher when MFCU does not hold 1st Mortgage. Member pays closing costs, closed end, 1 time draw) | ||
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| Home Equity Lines of Credit | ||
| Effective Date: Saturday, September 4th, 2010 | ||
| Terms | APR as low as* | Payment per $1,000.00 |
Based on the Prime rate, adjusted quarterly Loan amounts $5,000.00 to $100,000.00. LTV's up to 90% |
5.00% | $15.00 |
| (open end, no closing costs options) | ||
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| Land Loans | ||
| Effective Date: Saturday, September 4th, 2010 | ||
| Terms | APR as low as* | Payment per $1,000.00 |
| 2-year balloon | 7.74% | $9.41 |
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| Overdraft Line of Credit | ||
| Effective Date: Saturday, September 4th, 2010 | ||
| Terms | APR as low as* | Payment per $1,000.00 |
| Up to $2,000; open-end line of credit | 15.00% | $45.00 |
*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.
