Deposits in the Credit Union may be offered as collateral on a loan. You may request terms and conditions suitable to you.
Rates are 3% plus the last declared dividend with a 6% floor limit for loans 24mos -60mos. Loans exceeding 60 mos. will be tied to the current 2nd mortgage rates for those terms.
Example of typical extension of credit:
$5,000.00 for 24 mos. @ 6.0% Annual Percentage Rate: Monthly payment: $235.36, Finance Charge: $648.36, Total Payback: $5648.36.