Auto Lending Rates
The credit union will only consider a lease buyout application if buying through a dealer
|
Term
|
Rate Type
|
APR
|
Maximum Amount
|
LTV
|
|---|
Auto Loans (2024 - Newer)
|
Direct Deposit Auto Pay - Up to 84 Months
|
Fixed
|
5.49%
|
$70,000
|
100%
|
|
Estimated payment per $1,000.00 is $14.37 based on 84 months
|
|
Without Direct Deposit Auto Pay - Up to 84 Months
|
Fixed
|
5.74%
|
$70,000
|
100%
|
|
Estimated Payment Per $1,000.00 is $14.49 based on 84 Months
|
Apply Now!
APR=Annual Percentage Rate.
***See terms and conditions below
|
Term
|
Rate Type
|
APR**
|
Maximum Amount
|
LTV
|
|---|
Used Auto (Years 2020 – 2023)
|
Direct Deposit Auto Pay - Up to 60 months
|
Fixed
|
5.74%
|
$70,000.00
|
100%
|
|
Estimated payment per $1,000.00 is $19.22 based on 60 months
|
|
Without Direct Deposit Auto Pay - Up to 60 months
|
Fixed
|
5.99%
|
$70.000.00
|
100%
|
|
Estimated payment per $1,000.00 is $19.33 based on 60 months
|
|
Direct Deposit Auto Pay for 61-84 months
|
Fixed
|
6.24%*
|
$70,000.00
|
100%
|
|
Estimated payment per $1,000.00 is $14.73 based on 84 months
|
|
Without Direct Deposit Auto Pay for 61-84 months
|
Fixed
|
6.49%*
|
$70,000.00
|
100%
|
|
Estimated payment per $1,000.00 is $14.85 based on 84 months
|
***See terms and conditions below
Years 2020 and Newer, we will finance 100% of retail value
Apply Now!
|
Term
|
Rate Type
|
APR**
|
Maximum Amount
|
LTV
|
|---|
Used Auto (2017 – 2019)
|
Direct Deposit Auto Pay - Up to 60 Months
|
Fixed
|
7.00%
|
$70,000.00
|
80%
|
|
Estimated payment per $1,000.00 is $19.81 based on 60 months
|
|
Without Direct Deposit Auto Pay - Up to 60 Months
|
Fixed
|
7.25%
|
$70,000.00
|
80%
|
|
Estimated Payment per $1,000.00 is $19.92 based on 60 months
|
**See Terms and Conditions below
Apply Now!
|
Term
|
Rate Type
|
APR**
|
LTV
|
|---|
Used Auto (2014– 2016)
|
Direct Deposit Auto Pay - Up to 48 Months
|
Fixed
|
8.75%
|
80%
|
|
Estimated Payment per $1,000.00 is $24.77 based on 48 months
|
|
Without Direct Deposit Auto Pay - Up to 48 Months
|
Fixed
|
9.00%
|
80%
|
|
Estimated Payment per $1,000.00 is $24.89 based on 48 months
|
(Older than 2014 considered other collateral)
Years 2014 to 2019, we will finance 80% of retail value
***See Terms and Conditions below
Apply Now!
|
Vehicle Year & Loan Term
|
Rate Type
|
APR*
|
LTV
|
|---|
Motorcycle Loan
|
2020 - 2024: Up to 72 Months
|
Fixed
|
8.00%
|
100%
|
|
Estimated Payment per $1,000.00 is $17.54 based on 72 months
7.75% APR* with Direct Deposit Auto Pay; Estimated Payment per $1,000.00 is $17.42 based on 72 months
|
|
2014 - 2019: Up to 48 Months
|
Fixed
|
8.00%
|
80%
|
|
Estimated Payment per $1,000.00 is $24.42 based on 48 months
7.75% APR* with Direct Deposit Auto Pay; Estimated Payment per $1,000.00 is $24.31 based on 48 months
|
***See Terms and Conditions below
*APR = Annual Percentage Rate
**Motorcycles older than 2014 considered other collateral
Apply Now!
|
Vehicle Year & Loan Term
|
Rate Type
|
APR*
|
Maximum
|
Loan to Value
|
|---|
Other Collateral Loan – Includes Used Autos, Trucks, and Motorcycles 2013 and older: and all year Boats, Trailers and other recreational vehicles
|
2019 or Newer: Up to 72 months
|
Fixed
|
10.00%
|
$70,000.00
|
100%
|
|
Estimated Payment per $1,000.00 is $18.53 based on 72 months.
9.75% APR* with Direct Deposit Autopay; Estimated payment per $1,000.00 is $18.41 based on 72 months.
|
| 2018 or Older: Up to 48 months |
Fixed |
10.00% |
$70,000.00 |
80% |
|
Estimated Payment per $1,000.00 is $25.37 based on 48 months.
9.75% APR* with Direct Deposit Autopay; Estimated payment per $1,000.00 is $25.25 based on 48 months.
|
(Maximum Term and LTV varies with the amount of loan and age of collateral; see loan department for details)
*APR = Annual Percentage Rate
Terms and Conditions
- Vendor Single Insurance fee of $75.00 on all autos, motorcycles, and other collateral loans
- Registry lien fees may apply on refinances
- Will finance 100% of the retail loan value for autos, motorcycles, and other collateral for model years 2020 and newer; 80% financing on model years 2019 and older (Gap Insurance available, see loan department for details)
- Refinancing of current credit union loans is not available for lower rates
Apply Now!
Home Equity Loans
|
Term
|
Rate
|
APR**
|
***Loan to Value 80%
|
|---|
Fixed Rate Home Equity Loan ($20,000.00 to $250,000.00)
|
Direct Deposit and Autopay required
|
|
Up to 60 Months
|
Fixed
|
As Low As 5.75%
|
*Estimated Payments Per $1,000.00 is $19.22 based on 60 Months
|
|
Over the Counter Payments, No Direct Deposit
|
|
Up to 60 Months
|
Fixed
|
As Low As 6.00%
|
*Estimated Payment Per $1,000.00 is $19.34 based on 60 Months
|
|
Direct Deposit and Autopay required
|
|
61 Months to 120 Months
|
Fixed
|
As Low As 6.00%
|
*Estimated Payment Per $1,000.00 is $11.11 based on 120 Months
|
|
Over the Counter Payments, No Direct Deposit
|
|
61 Months to 120 Months
|
Fixed
|
As Low As 6.25%
|
*Estimated Payments Per $1000.00 is $11.23 based on 120 Months
|
|
Direct Deposit and Autopay required
|
|
121 Months to 180 Months
|
Fixed
|
As Low As 6.25%
|
*Estimated Payments Per $1,000.00 is $8.58 based on 180 Months
|
|
Over the Counter Payments, No Direct Deposit
|
|
121 Months to 180 Months
|
Fixed
|
As Low As 6.50%
|
*Estimated Payments Per $1,000.00 is $8.72 based on 180 Months
|
Fixed Rate Loan Amount $200,000.00 to $250,000.00 (181 Months to 240 Months)
|
Term
|
Rate
|
APR**
|
***Loan to Value 80%
|
|---|
|
181 Months to 240 Months
|
Fixed
|
6.50%
|
*Estimated Payments per $1,000.00 is $7.46 based on 240 Months with Direct Deposit AutoPay
|
| 181 Months to 240 Months |
Fixed
|
6.75%
|
*Estimated Payments per $1,000.00 is $7.61 based on 240 Months without Direct Deposit AutoPay
|
***Loan To Value is 80%; (.75% added to above rates over 80% LTV and loan may need to qualify for loan guarantee insurance; see loan department for details)
New Loans Only, No Refinances for Lower Rates
Apply Now!
|
Term
|
Rate
|
Current Rate
|
Loan to Value 80%**
|
|---|
Home Equity Loan Line of Credit ($20,000.00 to $125,000.00) Initial advance of $15,000 required
|
Up to 180 Months
|
Prime minus 0.75%
|
7.75% APR*
|
Up to 80%
|
*Variable rate based on index (Prime as published in the Wall Street Journal) and margin and APR* may adjust semi-annually on January 1st and July 1st of each year depending on Index (Prime) and margin
Current prime rate 8.50%; Maximum Rate 16.00%. Minimum/Floor rate 5.00%
(Disclosure with approved application) ** If loan to value is over 80% rate is prime plus 0.00% (zero) or 8.50%, Minimum/Floor 5.75% APR If over 80% Loan to Value. Maximum Rate 16.00%
Reimbursement fee of $650.00 on lines of credit if paid and closed within 36 months.
Loan Origination Fee on all Equity Loans and Lines of Credit of $650.00
See the loan department for details
Rates and fees are subject to change without notice
New loan only, does not apply for existing lines
*APR = Annual Percentage Rate
Apply Now!
Other Loans
|
Terms
|
Rate Type
|
Margin
|
Maximum Amount
|
|---|
Share or Certificate Secured Loan
|
Up to 120 Months
|
Variable
|
2.50% over Share or Certificate Rate
|
90% of Account Balance
|
Variable rate may adjust when Share or CD rates change
Apply Now!
|
Minimum amount of $750.00 required at application
|
|---|
|
Terms
|
Rate Type
|
**APR
|
Maximum Amount
|
|---|
Unsecured Loan (Personal)
|
Without Direct Deposit AutoPay - Up to 60 Months
|
Fixed
|
11.99%
|
$7,000.00
Estimated payment per $1,000.00 is $22.24 based on 60 months
|
|
Direct Deposit AutoPay - Up to 60 Months
|
Fixed
|
11.74%
|
$7,000.00
Estimated payment per $1,000.00 is $22.12 based on 60 months
|
|
** MINI SPECIAL UNSECURED LOAN FOR A LIMITED TIME (MINIMUM AMOUNT $500.00/MAXIMUM AMOUNT $2,500.00 **
| TERM UP TO 24 MONTHS |
FIXED |
RATE 8.99% APR |
ESTIMATED PAYMENTS PER $1,000.00 IS $45.70 BASED ON 24 MONTHS |
|
|
Terms
|
Rate Type
|
**APR
|
Loan Limits
|
Payments per $1000.00
|
|---|
Unsecured Home Improvement Loan
|
Up to 72 Months
|
Fixed
|
7.00%
|
Minimum $5,000.00 / Maximum $10,000.00
|
Estimated Payments per $1,000.00 is $17.06
|
|
Up to 120 Months
|
Fixed
|
7.00%
|
Minimum $10,001.00 / Maximum $15,000.00
|
Estimated Payments per $1,000.00 is $11.62
|
|
Up to 180 Months
|
Fixed
|
7.00%
|
Minimum $15,001.00 / Maximum $25,000.00
|
Estimated Payments per $1,000.00 is $9.00
|
Must be primary residence and have ownership interest in property; $150.00 origination fee; certain terms and conditions apply, see loan department for details
Apply Now!
Credit Card Rates
|
APR
|
Maximum Amount
|
|---|
Credit Card – Visa and Master Card
|
9.00%
|
$10,000.00
|
Approved credit required. May not be used to pay off other loans from MWCFCU. APR=Annual Percentage Rate.
*REFINANCING OF CURRENT MWCFCU LOANS NOT AVAILABLE FOR LOWER RATES *
Apply Now!
|
