| Non Title Secured Loans effective 05/08 |
| 12 months |
APR:
Daily Rate: |
6.95%
0.019041% |
to |
14.95%
0.040958% |
based on credit |
|
| 24 months |
APR:
Daily Rate: |
6.95%
0.019041% |
to |
14.95%
0.040958% |
based on credit |
|
| 36 months |
APR:
Daily Rate: |
6.95%
0.019041% |
to |
14.95%
0.040958% |
based on credit |
|
| 48 months |
APR:
Daily Rate: |
6.95%
0.019041% |
to |
14.95%
0.040958% |
based on credit |
|
| 60 months |
APR:
Daily Rate: |
7.75%
0.021232% |
to |
15.75%
0.043150% |
based on credit |
|
| Repayment terms example: A 60 month, $20,000 loan with a 12% APR will have a monthly payment of $444.89. Click the calculator button to figure approximate payments based on different rates and terms. |
| Unsecured Personal Loans effective 05/08 |
| 12 months |
APR:
Daily Rate: |
7.75%
0.021232% |
to |
15.75%
0.043150% |
based on credit |
|
| 24 months |
APR:
Daily Rate: |
7.75%
0.021232% |
to |
15.75%
0.043150% |
based on credit |
|
| 36 months |
APR:
Daily Rate: |
7.75%
0.021232% |
to |
15.75%
0.043150% |
based on credit |
|
| 48 months |
APR:
Daily Rate: |
8.50%
0.023287% |
to |
16.50%
0.045205% |
based on credit |
|
| 60 months |
APR:
Daily Rate: |
9.50%
0.026027% |
to |
17.50%
0.047945% |
based on credit |
|
For unsecured personal loans a maximum of two times your monthly income is available with approval.
Repayment terms example: A 60 month, $20,000 loan with a 12% APR will have a monthly payment of $444.89. Click the calculator button to figure approximate payments based on different rates and terms. |
| Personal Line of Credit effective 05/08 |
| Renewable every 18 months |
APR:
Daily Rate: |
11.50%
0.031506% |
to |
19.50%
0.053424% |
based on credit |
|
For personal lines of credit:
A maximum of two times your monthly income is available with approval.
The minimum monthly payment is calculated at $2.50 per $100 balance with a minimum payment of $40.00 per month. FOR EXAMPLE: If your loan balance is $10,000, the minimum monthly payment is $250.00. ($10,000/100 x $2.50). If your loan balance is $1,000 the minimum monthly payment is $40.00 (the minimum payment amount).
A personal line of credit is renewable every 18 months with credit approval. |
| Home Improvement Loan effective 05/08 |
| 12 months |
APR:
Daily Rate: |
6.75%
0.018493% |
to |
14.75%
0.040410% |
based on credit |
|
| 24 months |
APR:
Daily Rate: |
6.75%
0.018493% |
to |
14.75%
0.040410% |
based on credit |
|
| 36 months |
APR:
Daily Rate: |
6.75%
0.018493% |
to |
14.75%
0.040410% |
based on credit |
|
| 48 months |
APR:
Daily Rate: |
6.75%
0.018493% |
to |
14.75%
0.040410% |
based on credit |
|
| 60 months |
APR:
Daily Rate: |
6.75%
0.018493% |
to |
14.75%
0.040410% |
based on credit |
|
| 66 months |
APR:
Daily Rate: |
7.25%
0.019863% |
to |
15.25%
0.041780% |
based on credit |
|
| 72 months* |
APR:
Daily Rate: |
7.95%
0.021780% |
to |
15.95%
0.043698% |
based on credit |
|
| 84 months* |
APR:
Daily Rate: |
8.25%
0.022602% |
to |
16.25%
0.044520% |
based on credit |
|
For home improvement loans six and seven year terms are available for loans over $5,000.*
Repayment terms example: A 60 month, $20,000 loan with a 12% APR will have a monthly payment of $444.89. Click the calculator button to figure approximate payments based on different rates and terms. |
| Share Secured Loan effective 05/08 |
Term TBD based on share type. APR 3% above share dividend rate or equal to home equity rate, whichever is lower.
A share secured loan is available against Members Community Credit Union shares or share certificates. |
| Personal Loan Disclosures |
For an example of various repayment terms, please click on the calculate button.
All loans are subject to approval based on credit union lending guidelines.
All rates are based on the above ranges and determined by individual credit history.
Members Community Credit Union is an Equal Housing Opportunity Lender.
You must be a member of Members Community Credit Union to be eligible for a loan. Membership is open to people living and working in Muscatine, Scott, Cedar, Johnson, and Louisa counties in Iowa and Rock Island County in Illinois, as well as active and retired members of HNI Corporation, its subsidiaries, and their immediate family members. |
