Loan Rates |
Low Lending Rates:Another example of our commitment to our membership!For more information, contact the Lending Department.Rates are set by the Board of Directors and are subject to change.
Unsecured Loans
* APR = Annual Percentage Rate
|
| Loan Type | Amount | APR* | Term |
|---|---|---|---|
| Personal | $500 - Up to Balance in Savings Account | 3.00% Above Savings Rate | 120 months |
|
VISA Secured Credit Card |
$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 $44.54 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
| Term | Fixed APR (Annual Percentage Rate) |
|---|---|
| Up to 60 months | As low as 5.49% |
| 61 to 119 months |
As low as 5.65% |
| 120 months | As low as 5.75% |
| 180 months | As low as 5.99% |
- Maximum LTV - 85%
- $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 $19.10 per $1,000 borrowed at 5.49% APR Terms of Repayment Example - 119 monthly payments of $11.00 per $1,000 borrowed at 5.65% APR
Terms of Repayment Example - 120 monthly payments of $10.98 per $1,000 borrowed at 5.75% APR
Terms of Repayment Example - 180 monthly payments of $8.43 per $1,000 borrowed at 5.99% 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
| Term |
New APR* 2022-2023 Demos < 10,000 miles |
Used APR* 2016-2022 |
Used APR* 2015 & Older |
Classic APR* 20+ years |
|---|---|---|---|---|
| Up to 48 months | 4.99% | 5.49% | 6.25% | 7.00% |
| Up to 60 months | 5.25% | 5.75% | 6.25% | 7.00% |
| Up to 72 months | 5.50% | 5.99% | N/A | N/A |
| Up to 84 months | 5.75% | N/A | N/A | N/A |
* APR = Annual Percentage Rate
Your rate may vary from the above rate and will be determined by your credit history.
Motorcycle Loans
| Term |
New APR* 2022-2023 Demos < 10,000 miles |
Used APR* 2016-2022 |
Used APR* 2015 & Older |
|---|---|---|---|
| Up to 48 months | 5.49% | 5.99% | 6.75% |
| Up to 60 months | 5.75% | 6.25% | 6.75% |
| Up to 72 months |
6.00% |
6.49% | N/A |
| Up to 84 months | 6.25% | 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* 2022-2023 Demos < 10,000 miles |
Used APR* 2016-2022 |
|---|---|---|
| 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 $23.02 per $1,000 borrowed at 4.99%APR
Terms of Repayment Example - 60 monthly payments of $18.99 per $1,000 borrowed at 5.25%APR
Terms of Repayment Example - 72 monthly payments of $16.34 per $1,000 borrowed at 5.50%APR
Terms of Repayment Example - 84 monthly payments of $14.49 per $1,000 borrowed at 5.75%APR