THE INTEREST RATE CHARGED ON LOANS IS AS FOLLOWS:
13% ON ALL UNSECURED LOANS
3.5% ON LOANS FULLY SECURED BY SHARES PLEDGED TO
AND "FORZEN" BY THE CREDIT UNION.
.
5.0% ON LOANS FULLY SECURED BY A TITLED NEW
VEHICLE. "NEW" BEING A VEHICLE LESS THAN ONE
CALANDAR YEAR OLD AND HAVING LESS THAN 15,000
MILES/YEAR.
6% ON LOANS FULLY SECURED BY A TITLED USED VEHICLE.
. "USED" BEING A VEHICLE LESS THAN ONE CALENDAR YEAR
OLD AND HAVING LESS THAN 15000 MILES/YEAR.
7% ON LOANS FULLY SECURED BY A TITLED USED VEHICLE
OVER 5 YEARS OLD.
9% ON OTHER FULLY SECURED TITLED VEHICLES (BOATS,
ATV'S, LEISURE VEHICLES)
MAXIMUM MATURITY FOR LOANS
NO UNSECURED LOAN MAY EXCEED 36 MONTHS.
NO SECURED LOAN MAY EXCEED 60 MONTHS.
