*Permanent Promotion-refinance a loan from another financial institution and receive 1% rate reduction. Some restrictions apply. Some collateral excluded. See loan department for details.*$100 Cash Rebate on 1st Mortgage loans only.
|Current Loan Rates|
|Secured Loans (Maximum loan amount $200,000)||1.99% – 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 Owner Occupied Cash out adds .0125 to Rate & .50 to Loan Fee||3.125% – 5.875% APR * 80% RMV 180-240 months|
|2nd Mortgage Owner Occupied||4.00% – 7.625% APR * 80% RMV|
|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|
*Rates shown are a range of APR’s offered. Actual APR approved based on member’s Beacon score and credit qualifications. The maximum loan rate is 17.99%. Rates current as of 7/1/2012. Credit Union may offer other rates or promotions in the future. Real Estate rates subject to change daily.
Maximum unsecured loan to any one member is $10,000. Loan and terms are subject to credit approval. Maximum secured loan to any one member is $300,000.00. Loan and terms are subject to credit approval. Rates and terms are subject to change without prior notice. Equal Housing Opportunity.
*Annual Percentage Rate
**Some restrictions may apply. Collateral value determined by Kelley Blue Book and adding or subtracting for mileage, equipment, etc. Please contact our loan department for details.
***Real Estate Secured loans require a 1% loan fee and closing costs, which will increase APR. All real Estate loans over $100,000 may require an appraisal. Maximum Loan $300,000. Some restrictions apply. For example, on a 60 month First Mortgage there would be 60 monthly payments of $18.03 per $1,000.00 borrowed. Please contact the loan department for details. 80% of appraisal financing available only on purchase loans.
****Annual Percentage Rate shown is for 1st and 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 5 year period, rate will then be variable out to 180 months. Rate cannot exceed 18% APR. Maximum Loan $300,000.00. Minimum payment during draw period is 1% of balance. Minimum payment during fixed payments is $50.00. (Fee’s waived on 2nd’s only under $100,000.00) **Appraisal still may be required**
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|
|Transaction Fees — Cash Advance Fee||None|
|Penalty Fees — Late Payment Fee — Card Replacement Fee — Returned Check Fee||$10 $25 $25|
|Other Fees — 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.