Loan Rates

Low Lending Rates: 

         Another example of our commitment to our membership! 

• Unsecured Loans
• Secured Loans
• HELOC
• Home Equity Loans
• Vehicle Loans

For more information, contact the Lending Department.

Rates accurate as of 09/08/2023. Rates are subject to change without notice.

Unsecured Loans

* APR = Annual Percentage Rate
Your rate may vary from the above rate and will be determined by your credit history.

Secured Loans

*APR=Annual Percentage Rate
Your rate may vary from the above stated rates and will be determined by your credit history and/or term.

Terms of Repayment Example - 24 monthly payments of $45.68 per $1,000 borrowed at 9.00%APR
Terms of Repayment Example - 24 monthly payments of $44.54 per $1,000 borrowed at 6.49%APR
Terms of Repayment Example - 120 monthly payments of $9.77 per $1,000 borrowed at 3.25%APR

Home Equity Line of Credit (HELOC)

A Home Equity Line of Credit (HELOC) is a real estate loan secured by the members’ principle residence.

Current Rates

• Introductory Rate for all Risk Based Scores – 2.99% APR* for 6 months
  This introductory rate can be reviewed or eliminated at any time
• After 6 months – Risk Based Lending Rates Apply
• Rate is based on Wall Street Journal Prime Rate plus a margin
• Margins range from 0.25% APR* to 1.25% APR* depending on credit worthiness

Features

• Open-end variable rate loan
• Maximum LTV – 80%
• $15,000 - $150,000
• Primary residence only - 1-4 family or condominium – CT properties only
• No fees
• No points
• No closing fees (third party fees will be paid if line closed within two years)
• No prepayment penalty
• Rate is based on Wall Street Journal Prime Rate
• Interest rate – Risk based
  Monthly interest rate cycle
• 5 year draw period with 15 year amortization (total 20 years maximum)
• Initial advance $1,000 – minimum subsequent advances $500
• Interest Rate Maximum – 18% APR*
• Interest Rate Minimum – 3% APR*
• No periodic cap
• Property insurance required
• APR = Annual Percentage Rate

Home Equity Loan

• Maximum LTV - 80%
• $15,000 to $250,000
• Refinance of current loan available
  Restrictions may apply - ask for details
• Primary Residence Only
• Maximum Term - 180 Months
• No Fees
• No Points
• No Closing Cost
• No Pre-Payment Penalty
• 1-4 family or condominium
• CT Properties Only
  Property Insurance Required
• Subordination Request - $75.00
• Property Insurance required
• Your rate may vary from the above rate and will be determined by your credit history.

Terms of Repayment Example - 60 monthly payments of $19.33 per $1,000 borrowed at 5.99% APR
Terms of Repayment Example - 119 monthly payments of $11.17 per $1,000 borrowed at 5.99% APR
Terms of Repayment Example - 120 monthly payments of $11.22 per $1,000 borrowed at 6.24% APR
Terms of Repayment Example - 180 monthly payments of $8.85 per $1,000 borrowed at 6.75% APR

Please Note: Above stated Repayment Example payments do not include amounts for taxes and insurance premiums. If applicable, the actual payment obligation will be greater.

Vehicle Loans

• 100% Financing Offered on purchases of New and Used Vehicles, based on NADA retail values and creditworthiness
• Refinancing of vehicle loan at another financial institution and lease buy-out also available

Auto Loans

* APR = Annual Percentage Rate
Your rate may vary from the above rate and will be determined by your credit history.

Motorcycle Loans

* APR = Annual Percentage Rate
Your rates may vary from the above rate and will be determined by your credit history.

Recreational Vehicle Loans

RVs, ATVs, Boats, Jet Skis

* APR = Annual Percentage Rate
Your rates may vary from the above rate and will be determined by your credit history.

Terms of Repayment Example - 48 monthly payments of $23.25 per $1,000 borrowed at 5.49% APR
Terms of Repayment Example - 60 monthly payments of $19.22 per $1,000 borrowed at 5.75% APR
Terms of Repayment Example - 72 monthly payments of $16.57 per $1,000 borrowed at 6.00% APR
Terms of Repayment Example - 84 monthly payments of $14.73 per $1,000 borrowed at 6.25% APR