 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
Online Banking
Easy access to your account via the Internet.
(click here for help
with Home Banking)
|
LOAN RATES |
|
Rates as of March 01, 2010 |
CREDIT SCORES OF 780 OR ABOVE WILL RECEIVE A DEDUCTION OF .25%
FROM THE "A" CREDIT SCORE RATE, ON SECURED LOANS.
______________
|
Credit |
*New Money Loan Rate APR |
** Refinanced Loan Rate APR |
Rates subject to change at any time, by direction of Board of Directors.
|
Share Secured |
A,B,C,D,E |
4.50% |
5.00% |
|
New Vehicles-(Untitled) |
A |
4.75% |
8.00% |
______________
|
(2004 - 2009) With Vehicle as Collateral - CAR, TRUCK, MOTORCYCLE, MOTORHOME. |
A |
5.50% |
9.25% |
______________
|
(2002 - 2003)With Vehicle as Collateral - CAR, TRUCK, MOTORCYCLE, MOTORHOME. |
A |
6.25% |
10.00% |
______________
|
(2000 - 2001) With Vehicle as Collateral - CAR, TRUCK, MOTORCYCLE, MOTORHOME. |
A |
8.00% |
10.75% |
|
New Recreation Vehicle |
A |
6.75% |
11.75% |
______________ _ATM Locations
|
Used Recreation Vehicle |
A |
8.75% |
10.75% |
|
Closed End Signature Loan |
A |
12.50% |
17.00% |
|
Revolving Credit |
A,B,C |
15.00% |
N/A |
|
Overdraft Line of Credit Loan |
A,B,C |
15.00% |
N/A |
* If collateral covers 75% to 100% of the loan, this will be the rate.
** A refinanced loan means adding money onto an existing loan at the Credit Union with additional collateral. If no new collateral is added, the rate will be 15% when refinancing an "A" paper score, 15 1/2% for a "B" paper score, 16% for a "C" paper score, and 18% for a "D" paper score..
HOME EQUITY LOANS - EFFECTIVE MARCH 01, 2010
$5,000.00 NEW MONEY MINIMUM
FIRST LIEN POSITION LTV WILL BE UP TO 80%
SECOND LIEN POSITION LTV WILL BE UP TO 75%
VARIABLE RATE LINE OF CREDIT HOME EQUITY
CURRENT RATE 3.25% APR
FIX RATE HOME EQUITY
|
"A" PAPER GRADE |
1st LIEN |
2nd LIEN |
|---|---|---|
|
5 YEAR |
4.50% APR |
5.25% APR |
|
10 YEAR |
5.25% APR |
6.00% APR |
|
15 YEAR |
6.25% APR |
6.75% APR |
|
"B" PAPER GRADE |
1st LIEN |
2nd LIEN |
|---|---|---|
|
5 YEAR |
4.75% APR |
5.50% APR |
|
10 YEAR |
5.75% APR |
6.50% APR |
|
15 YEAR |
6.75% APR |
7.25% APR |
PLATINUM
As low as 7.9% APR
[Home] [Return Rates] [Loan Rates] [Fee Schedule] [Mortgage] [Services] [Newsletter] [Links] [Discount Tickets] [Member Forms]
|
|
65 West Laketon Ave. Muskegon, MI 49441-2575 |
|
|
|
|
|
Please contact MGEFCU with questions or comments. © Copyright 2009 Muskegon Governmental Employees Federal Credit Union. All rights reserved
Legal Notices, Disclaimers, Privacy Policy and Funds Availability Policy