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(231) 670-6500



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Credit Union
ABA/Routing #
272483196
Loan Rates

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Rates as of October 01, 2008

CREDIT SCORES OF 780 OR ABOVE WILL RECEIVE A DEDUCTION OF .25%
FROM THE "A" CREDIT SCORE RATE, ON SECURED LOANS.

Rates subject to change at any time, by direction of Board of Directors.

Credit
Score

*New Money Loan Rate APR

** Refinanced Loan Rate APR

Share Secured

A,B,C,D,E

   5.00%

         5.00%

New Vehicles-(Untitled)
With Vehicle as Collateral - CAR, TRUCK, MOTORCYCLE, MOTORHOME.

  A
  B
  C
   D

   5.50%
   6.00%
   8.00%
   13.75%

         8.00%
         8.75%
       10.75%
       15.75%

(2004 - 2008) With Vehicle as Collateral - CAR, TRUCK, MOTORCYCLE, MOTORHOME.

  A
  B
  C
   D

   6.25%
   7.00%
   9.00%
   14.00%

         9.25%
       10.00%
       11.00%
       16.00%

(2001 - 2003)With Vehicle as Collateral - CAR, TRUCK, MOTORCYCLE, MOTORHOME.

A
B
C
 D

   7.00%
   7.75%
  10.00%
   14.75%

       10.00%
       10.75%
       11.75%
       16.75%

(1998 - 2000) With Vehicle as Collateral - CAR, TRUCK, MOTORCYCLE, MOTORHOME.

A
B
C
D

   8.75%
  9.50%
   10.75%
     15.50% 

       10.75%
       11.50%
       11.75%
       17.50%

New Recreation Vehicle

A
B
C
D

   6.75%
  7.50%
   8.75%
  15.50%

       11.75%
       10.75%
       10.75%
       17.50%

Used Recreation Vehicle

A
B
C
D

   8.75%
   9.50%
   11.75%
  16.50%

       10.75%
       11.50%
       13.50%
       18.00%    

Closed End Signature Loan

A
B
C
D

  12.50%
  13.25%
  14.50%
  18.00%

       17.00%
       17.00%
       17.00%
       18.00%

Revolving Credit

A,B,C

       12.00%

 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 OCTOBER 01, 2008

$5,000.00 NEW MONEY MINIMUM

FIRST LIEN POSITION LTV WILL BE UP TO 85%

SECOND LIEN POSITION LTV WILL BE UP TO 80%

VARIABLE RATE LINE OF CREDIT HOME EQUITY

CURRENT RATE 5.00% APR

FIXED RATE HOME EQUITY

"A" PAPER GRADE

1st LIEN

2nd LIEN

5 YEAR

4.75% APR

5.50% APR

10 YEAR

5.50% APR

6.25% APR

15 YEAR

6.25% APR

7.00% APR

"B" PAPER GRADE

1st LIEN

2nd LIEN

5 YEAR

5.00% APR

5.75% APR

10 YEAR

6.00% APR

6.75% APR

15 YEAR

6.75% APR

7.50% APR

PLATINUM

As low as 7.9% APR



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Muskegon Governmental Employees Federal Credit Union

 

65 West Laketon Ave. Muskegon, MI 49441-2575
1700 Holton Rd, Muskegon, MI 49445-1472

 

Voice response:1-800-860-5704     Toll free:1-877-574-2200

 

Phone:(231)722-7285    Fax:(231)722-6167   

Please contact MGEFCU with questions or comments. © Copyright 2008 Muskegon Governmental Employees Federal Credit Union. All rights reserved

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