| Effective date: 2/5/2012 |
| CONSUMER LOANS | |||||
| EXAMPLE PAYMENT PLAN | |||||
| Sub-category | APR* | Max Term (Months) |
Amount Financed |
Monthly Payment |
Finance Charge |
| Auto | |||||
| 2011/2010 | 2.49% | 48 | $10,065.00 | $220.52 | $519.67 |
| 2.69% | 63 | $10,065.00 | $171.49 | $738.33 | |
| 2.99% | 66 | $10,065.00 | $165.57 | $862.39 | |
| 3.99% | 72** | $15,065.00 | $235.62 | $1,899.24 | |
| 2009/2008 | 2.49% | 48 | $10,065.00 | $220.52 | $519.67 |
| 2.69% | 63 | $10,065.00 | $171.49 | $738.33 | |
| 2.99% | 66 | $10,065.00 | $165.57 | $862.39 | |
| 3.99% | 72** | $15,065.00 | $235.62 | $1,899.24 | |
| 2007/2006 | 3.74% | 48 | $10,065.00 | $226.08 | $786.81 |
| 3.99% | 60 | $10,065.00 | $185.31 | $1,053.50 | |
| 2005 | 4.98% | 36 | $10,065.00 | $301.55 | $790.80 |
| 5.38% | 48 | $10,065.00 | $233.52 | $1,143.55 | |
| 5.98% | 60 | $10,065.00 | $194.48 | $1,603.64 | |
| 2004 - older | 5.49% | 36 | $10,065.00 | $303.86 | $873.88 |
| 5.99% | 48 | $10,065.00 | $236.32 | $1,278.09 | |
| Boats and Recreation Vehicles | |||||
| New & Used | 8.00% | 72** | $40,050.00 | $702.15 | $10,504.13 |
| 9.00% | 240 | $40,050.00 | $360.31 | $46,420.03 | |
| Motorcycles | |||||
| New | 9.50% | 48 | $10,050.00 | $252.47 | $2,067.99 |
| Used | 10.50% | 36 | $10,050.00 | $326.62 | $1,707.91 |
| Personal | |||||
| 13.00% | 72 | $25,000.00 | $504.43 | $11,318.96 | |
*APR - Annual Percentage Rate. Rates reflect a .25% discount for automatic payment from an LCU checking or savings account. Rate is determined by your personal credit history. Other rates, terms, and conditions may apply. Consumer type vehicles only at these rates. Commercial type vehicles will have increased rates. Up to 120% financing available on consumer autos. LCU members must maintain a $25 deposit relationship. Amount Financed includes $65 VSI Insurance.
** 72 month term - minimum amount financed $15,000.00
| MORTGAGES | |||||
| Mortgage rates can be found here. | |||||
| Effective date: 2/5/2012 |
| HOME EQUITY LOANS | |||||
| APR* | Max Term (Months) |
Minimum | Maximum | Monthly payment per $10,000 |
|
| Home Equity Loans** | |||||
| 3.29% | 60 | $10,000.00 | $250,000.00 | $180.98 | |
| 3.99% | 84 | $10,000.00 | $250,000.00 | $136.64 | |
| 4.49% | 120 | $10,000.00 | $250,000.00 | $103.59 | |
| 4.79% | 180 | $10,000.00 | $250,000.00 | $77.99 | |
| 5.99% | 240 | $10,000.00 | $250,000.00 | $71.59 | |
| LCU Home Equity Line of Credit*** | |||||
| 1.99% | 20 | $10,000.00 | $250,000.00 | $16.36 | |
| LCU Home Equity Plus Line of Credit **** | |||||
| 5.00% | 20 | $10,000.00 | $100,000.00 | $41.10 | |
*APR - Annual Percentage Rate.
**Equity is determined by taking 80% of property value and deducting balance of any mortgages. If appraisal is required, charge will range from $325 to $500. The minimum loan amount is $10,000 and the maximum is $250,000. Property insurance required. No closing costs. LCU members must maintain a $25 deposit relationship.
***An introductory Annual Percentage Rate (APR) of 1.99% for the first six billing cycles with a periodic rate of 0.00545%. Thereafter, the APR will be set on the last business day of each month which will be either a floor rate of 2.99% APR with a periodic rate of 0.00819%, or, 1.25% below the Prime Rate published in the Wall Street Journal on the last business day of each month, whichever is greater. Automatic payment from LCU transaction account required. If automatic payment is cancelled or not established, APR will increase by .70%. Maximum interest rate is 18%. Floor rate is 2.99%. Draw period is 10 years with 10 additional years to repay. Equity determined by taking 80% of property value and deducting balance of any mortgages. If appraisal is required the charge will range from $325 to $500. The minimum loan amount is $10,000 and the maximum is $250,000. Property insurance required. No closing costs. Rate subject to change after consummation. LCU members must maintain a $25 deposit relationship. An early termination fee of no more than $500 may be imposed to cover fees paid to third parties if line is discharged within 24 months of note date. Offer applies to owner occupied primary residences only. Homeowner insurance required. Offer may be withdrawn without notice. Subject to our normal credit requirements.
****Annual Percentage Rate (APR) is variable and is adjusted monthly to Wall Street Journal Prime Rate plus 1.75% as published on last business day of month. Maximum interest rate 18%. Draw period 10 years with 10 additional years to repay. Equity determined by taking 95% of property value and deducting balance of any mortgages. If appraisal is required the charge will range from $325 to $500. The minimum loan amount is $10,000 and the maximum is $100,000. Property insurance required. No closing costs. Rate subject to change after consummation. LCU members must maintain a $25 deposit relationship. An early termination fee of no more than $500 may be imposed to cover fees paid to third parties if line is discharged within 24 months of note date.