Rates - Loans & Credit Cards
APR ACCURATE AS OF: May 1, 2012
(Subject to change at any time. UICCU not responsible for typographical errors or omissions. Actual rate may be higher based on credit history and borrower's selected payment method.)
| Auto Loans* | Annual Percentage Rate | Term |
|---|---|---|
| 2012/2013 vehicle | 2.50 | 66 |
| 2011 vehicle | 2.50 | 66 |
| 2010 vehicle | 2.84 | 66 |
| 2009 vehicle | 2.84 | 66 |
| 2008 vehicle | 3.05 | 66 |
| 2007 vehicle | 3.19 | 66 |
| 2006 vehicle | 3.19 | 54 |
| 2005/2004 vehicle | 3.49 | 54 |
| 2004 vehicle/100,000 miles+ | 6.95 | 48 |
| Home Equity Loans | Annual Percentage Rate | Term |
|---|---|---|
| SPRING SPECIAL! | 1.75 | 6 month welcome rate Call for details. |
| Fixed Rate Home Equity** | 3.75 | 60 |
| Fixed Rate Home Equity** | 4.25 | 120 |
| Fixed Rate Home Equity** | 4.75 | 180 |
| Fixed Rate Home Equity Credit Line*** | 3.75 | 60 |
| Variable Rate Home Equity Credit Line**** | 4.50 | 120 |
| Personal and Recreational Loans | Annual Percentage Rate | Term |
|---|---|---|
| Secured Personal | 7.05 | n/a |
| Deposit Secured - 3% over pledged account yield | ||
| Unsecured Personal | 7.55 | n/a |
| Recreational Vehicles and Motorcycles - New | 4.50 | Based on loan size |
| Recreational Vehicles and Motorcycles - Used (1995 or newer) | 5.00 | Based on loan size |
| Credit Cards***** (See Introductory Rate Information Below) | Annual Percentage Rate | Term |
|---|---|---|
| Platinum Rewards Visa | 11.90% to 18.90% NON-variable rate based on credit score at time of application | n/a |
| Platinum MasterCard | 9.90% to 16.9% NON-variable rate based on credit score at time of application | 0% to 11.9% Introductory Rate for 6 months |
*Auto Loans
Simple interest used to calculate payment. For example, 66 monthly payments of $16.23 per $1,000 borrowed at 2.50%. Extended terms: Add .25% for each additional 6-months in excess of term (as stated above), up to 84 months. Please call for motorcycle rates. The Annual Percentage Rate you receive will be based upon credit scoring criteria. Please call or apply online in the applications section to have us calculate your rate. Vehicles models older than 2000 will be at the personal loan rate. Homeowners should ask about our TaxSaver or home equity loan product for possible tax savings (consult your tax advisor).
**Fixed Rate Home Equity Loans
Home Equity Loans are fixed rate loans for fixed terms (5, 10, or 15 years). For example, 60 monthly payments of $18.30 per $1,000 borrowed at 3.75%. Use up to 100% of your equity. Rate above assumes a LTV of 80% or less and a beacon of 700 or above. $125 closing costs, unless full appraisal needed. Homeowners insurance required. Consult your tax advisor on tax deductibility. No prepayment penalties.
***Fixed Rate Home Equity Line of Credit
Home Equity Lines of Credit are fixed rate loans for a fixed term. Use up to 100% of your equity. Rate is based on credit history and loan-to-value (LTV). Rate above assumes a LTV of 80% or less and a beacon of 700 or above. $125 closing costs, unless full appraisal needed. Homeowners insurance required. Consult your tax advisor on tax deductibility. The minimum monthly payments will not be sufficient to repay the principal outstanding on your line of credit at the end of your loan term. At the end of your loan term, you will be required to pay the entire remaining balance in a single payment. No prepayment penalties.
****Variable Rate Home Equity Credit Line
The annual percentage rate may change and will be based on the value of an index. The index is the base rate on corporate loans posted by at least 75% of the nation's 30 largest banks known as The Wall Street Prime Rate and is published in The Wall Street Journal ( Index ). The annual percentage rate may increase if the Index rate increases. An Index rate increase will result in a higher finance charge and it may have the effect of increasing your periodic Minimum Payment. A decrease in the Index rate will have the opposite effect as an increase. An Index rate increase or decrease will take effect on the first day of the month. The annual percentage rate can increase or decrease monthly. The minimum monthly payments will not be sufficient to repay the principal outstanding on your line of credit at the end of your loan term. At the end of your loan term, you will be required to pay the entire remaining balance in a single payment.
Personal and Recreational Loans
Personal loan example: 48 monthly payments of $23.97 per $1,000 borrowed at 7.05%. Recreational loan example: 66 monthly payments of $17.13 per $1,000 borrowed at 4.50%.
*****Credit Cards
Platinum MasterCard cardholders receive an introductory rate of 0% to 11.9% APR for for the first six months. There are no annual fees on UICCU cards. Click here for full disclosures.
