Loan Rates

Some of the lowest loan rates in the industry. Just another example of our commitment to our members.

For more information, contact the Lending Department.

Rates are set by the Board of Directors and are subject to change.
Rates accurate as of 01/01/2018

Unsecured Loans

Loan TypeAmountAPR*Term
Personal $500 - $15,000 As low as 9.00% Up to 60 months
Home Improvement $1,000 - $15,000 As low as 7.00% Up to 60 months
Line of Credit/Overdraft Protection $500 - $3,000 15.00% N/A

VISA Classic Credit Card

View Disclosure

$500 - $10,000

10.00% - 16.50% on Purchases

18.00% on Cash Advance

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

Secured Loans

Loan TypeAmountAPR*Term
Personal $500 - Up to Balance in Savings Account 3.00% Above Savings Rate 120 months

VISA Secured Credit Card

View Disclosure

$300 - $3,000

18.00%

N/A

*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 $44.77 per $1,000 borrowed at 7.00%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%
  • $10,000 - $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

TermFixed APR (Annual Percentage Rate)
Up to 60 months 3.99%
Up to 120 months 4.49%
Up to 180 months 5.25%
  • Maximum LTV - 85%
  • $10,000 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 rates may vary from the above rate and will be determined by your credit history.

Terms of Repayment Example - 60 monthly payments of $18.41 per $1,000 borrowed at 3.99% APR
Terms of Repayment Example - 120 monthly payments of $10.36 per $1,000 borrowed at 4.49% APR
Terms of Repayment Example - 180 monthly payments of $8.04 per $1,000 borrowed at 5.25% 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 also available

Auto Loans

Term

New APR*

2019 & 2020 
Demos < 10,000 miles

Used APR*

2013 - 2019

Used APR*

2012 & Older

Classic APR*
Up to 48 months 2.50% 3.49% 5.25% 7.00%
Up to 60 months 2.75% 3.75% 7.00% 8.00%
Up to 72 months 3.25% 3.99% N/A N/A
Up to 84 months 3.49% N/A N/A N/A
* APR = Annual Percentage Rate
Your rates may vary from the above rate and will be determined by your credit history.

Motorcycle Loans

Term

New APR*

2019 & 2020 
Demos < 10,000 miles

Used APR*

2013- 2019

Used APR*

2012 & Older

Up to 48 months 2.50% 3.49% 5.75%
Up to 60 months 2.75% 3.75% 5.75%
Up to 72 months 3.25% 3.99% N/A
Up to 84 months 3.49% N/A N/A
* 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

Term

New APR*

2018 & 2019 
Demos < 10,000 miles

Used APR*

2017 & Older

Up to 48 months 8.00% 8.00%
Up to 60 months 8.75% 8.75%
Up to 72 months 9.50% 9.50%
Up to 84 months 9.50% 9.50%

* 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 $21.80 per $1,000 borrowed at 2.25%APR
Terms of Repayment Example - 60 monthly payments of $17.74 per $1,000 borrowed at 2.49%APR
Terms of Repayment Example - 72 monthly payments of $15.08 per $1,000 borrowed at 2.75APR 
Terms of Repayment Example - 84 monthly payments of $13.33 per $1,000 borrowed at 3.25%APR

 

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