Loan Rates

  • Home Equity Loans

    Loan Type Term APR*
    Home Equity Line of Credit 5 year draw period interest only, 15 year payback Prime Rate currently 7.00% Variable ^^
    (Prime rate) as listed in the Wall Street Journal on the last day of the previous month
    ^^HELOC 4% floor applies.
    $599 Closing Costs. Interest may be tax deductible. Consult your tax advisor.

  • 2nd Mortgages

    Loan Type Term APR*
    Independence Mortgage* 5 years 5.24%
    Independence Mortgage* 10 years 5.49%
    Independence Mortgage* 15 years 5.79%
    Independence Mortgage* 20 years 6.24%
    Second Mortgage 5 years 5.74%
    Second Mortgage 7 years 6.25%
    Second Mortgage 10 years 6.25%
    Second Mortgage 15 years 6.50%
    Second Mortgage 20 years 6.74%
    *Independence mortgage replaces a first mortgage and must be in first position on your deed. $599 closing fee applies for Independence and 2nd Mortgages.

  • Vehicle Loans

    Loan Type Term As Low As APR*
    New Auto, 100% financing up to 24 months 4.24%
    New Auto, 100% financing up to 36 months 4.99%
    New Auto, 100% financing up to 48 months 4.99%
    New Auto, 100% financing up to 60 months 4.99%
    New Auto, 100% financing up to 72 months 6.24%
    New Auto, 100% financing up to 84 months 7.24%
    Used Auto, 100% NADA *** up to 36 months 4.99%
    Used Auto, 100% NADA *** up to 48 months 4.99%
    Used Auto, 100% NADA *** up to 60 months 4.99%
    Recreational Vehicles **** up to 72 months Auto loan rate
    + 2.00%
    *** NADA used auto values can be found at NADA.com ****Recreational vehicles, including motorcycles, boats, ATVs, snowmobiles and jet skis - rate is 2% higher than new auto loan. ***** Used vehicles model year 2016-2017 will pay an additional 1% interest. Model years 1014-2015 will pay an additional 2% Model years older than 2012 will pay personal loan rates

  • Personal Loans
    includes Signature and Overdraft Protection

    Loan Type Term APR*
    Personal Loan up to 36 months 9.99%
    Personal Loan / Overdraft up to 60 months 12.99%
    Credit Builder Loan** up to 12 months 0%
    VISA® Classic 14.99%
    VISA® Platinum 9.99%
    **An Application Fee of $30 per $1,000 borrowed applies up to a maximum of $5,000.

  • Share Secured Loans

    Loan Type Term APR*
    Share Secured up to 36 months 5.20%
    Share Secured Credit Builder Loan up to 12 months 5.20%
    Share secured loans are based on the security of your savings, and you will receive the quoted rate regardless of your credit score.
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*APR= Annual Percentage Rate. All loan rates are quoted “as low as”. Your actual rate will be based on your credit score obtained by Members Credit Union. Rates and requirements may change at any time without notice. Full disclosures on Home Equity and Second Mortgages here. Equal Opportunity Lender.