|Current Loan Rates|
|Secured Loans (Maximum loan amount $200,000)||1.75% – 17.99% APR*|
|Signature||12.49% – 17.99% APR*|
|Line of Credit||10.49% – 17.99% APR*|
|MasterCard||Variable 9.99% – 17.99% APR*|
|Share Secured/ Certificate/ Severance||3% above APY|
|1st Mortgage||See Mortgage & Home Equity Loans|
|2nd Mortgage Owner Occupied||
3.875% – 7.50% APR** 80% RMV 180 months
|Home Equity LOC Fixed for Five 5 year Draw & 15 year repay||variable 5.00% APR*** 80% RMV|
|Unimproved Property||9.625% – 14.625% APR* 50% of Appraisal|
*Annual Percentage Rates (APRs) shown are a range of APR’s offered. Actual APR approved based on member’s credit score and credit qualifications. Some restrictions may apply. The maximum loan rate is 17.99%. Rates current as of 10/01/2016. The Credit Union may offer other promotions in the future. Real Estate rates subject to change daily. Maximum unsecured loan to any one member is $10,000.00. Maximum secured loan to any one member is $500,000.00. Loan and terms are subject to credit approval.
**Real Estate Secured fixed rate loans require a minimum 1% loan fee and closing costs, which will increase the APR. Loan and terms are subject to credit approval. Rates and terms are subject to change without prior notice. All Real Estate loans over $100,000.00 may require an appraisal. Maximum Loan $500,000.00. Some restrictions apply. For example, on a 60 month Second Mortgage there would be 60 monthly payments of $18.36 per $1,000.00 borrowed. Please contact the loan department for details. Equal Housing Opportunity.
***APR shown is for 1st & 2nd Trust Deed HELOC’s. Rate is fixed for 5 years and tied to an index. Credit Union has option of extending initial 5 year draw period another 5 years. After initial 5 year period, rate will then be variable out to 180 months. Rate cannot exceed 18% APR. Minimum payment during draw period is 1% of outstanding balance. Minimum payment during fixed payments is $50.00. Appraisal may be required. Equal Housing Opportunity.
Teamsters Council #37 Federal Credit Union
|Interest Rates and Interest Charges|
|Annual Percentage Rate (APR) for Purchases||9.99% – 17.99% When you open your account, the applicable APR based on creditworthiness.|
|APR for Cash Advances & Balance Transfers||9.99% – 17.99% When you open your account, the applicable APR based on creditworthiness.|
|How to Avoid Paying Interest on Purchases||Your due date is approximately 25 days after the close of each billing cycle. We will not charge any interest on the portion of the purchases balance that you pay by the due date each month.|
|For Credit Card Tips from the Federal Reserve Board||To learn more about factors to consider when applying for or using a credit card, visit the website of the Consumer Financial Protection Bureau at http://www.consumerfinance.gov/learnmore|
Cash Advance Fee
Late Payment Fee
Card Replacement Fee
Returned Check Fee
Foreign Transaction Fee
Up to 1% of the US dollar amount of the foreign transaction
See the MasterCard Credit Card Agreement for complete terms.
How We Will Calculate Your Balance: We use a method called “average daily balance” (including new purchases). We reserve the right to amend the MasterCard Credit Card Agreement as permitted by law. The above rates and fees are current as of July 1, 2012.