|
| POCU Current Loan Rates |
EFFECTIVE:
|
|
AUTO & TRUCK LOANS
|
NEW, NEWER & WE'LL REFINANCE OTHER FINANCIAL INSTITUTION LOANS!
(Maximum loan 100% of purchase price, plus tax, title & license fees)
|
MODEL YEAR
|
TERM
|
APR AS LOW AS*
|
MONTHLY PAYMENT**
|
| |
up to 48 months
|
1.90%
|
21.66
|
| |
60 months
|
2.90%
|
17.92
|
| |
72 months
|
4.80%
|
16.01
|
| |
84 months
|
5.80%
|
14.57
|
*APR is the annual percentage rate. See disclosure below.
USED AUTO & TRUCK LOANS
(Maximum loan is based on N.A.D.A. retail book/value price.)
|
MODEL YEAR
|
TERM
|
APR AS LOW AS*
|
MONTHLY PAYMENT**
|
| see New, Newer chart above |
|
|
|
| for used, pre-owned vehicle |
|
|
|
| rates & payments |
|
|
|
| |
|
|
|
| |
|
|
|
| |
|
|
|
| |
|
|
|
*APR is the annual percentage rate. The 1.90% financing equals $21.66 per $1,000 financed for a 48 month term. Stated rate is for new or used vehicles. Minimum loan amount is $2,500. Financing to qualified applicants. Your rate is based on credit history and loan terms. Other rate and terms are available. POCU membership is open to anyone living or working in Dane County. A $5.00 savings account required. POCU reserves the right to cancel offer at any time. Rates are subject to change. Loans currently financed with POCU are not eligible for refinance under this offer.
TRAVEL TRAILER, MOTOR HOME, TENT TRAILER
(Maximum loan 100% of N.A.D.A. retail book/value price.)
|
MODEL YEAR
|
TERM
|
APR AS LOW AS*
|
MONTHLY PAYMENT**
|
|
New & Used
|
36 months
|
6.99%
|
30.86
|
|
New & Used
|
48 months
|
6.99%
|
23.93
|
|
New & Used
|
60 months
|
7.50%
|
20.03
|
|
New & Used
|
72 months
|
7.99%
|
17.52
|
|
New & Used
|
84 months
|
8.50%
|
15.83
|
|
Over 30,000
|
120 months
|
9.50%
|
12.93
|
|
Over 30,000
|
180 months
|
9.99%
|
10.73
|
*APR is the annual percentage rate.
BOAT LOANS
(Maximum loan is based on N.A.D.A. retail book/value price.)
|
MODEL YEAR
|
TERM
|
APR AS LOW AS*
|
MONTHLY PAYMENT**
|
|
New & Used
|
36 months
|
6.50%
|
30.64
|
|
New & Used
|
48 months
|
6.50%
|
23.71
|
|
New & Used
|
60 months
|
6.50%
|
19.56
|
|
New & Used
|
72 months
|
6.99%
|
17.04
|
|
New & Used
|
84 months
|
7.99%
|
15.57
|
|
Over $30,000
|
120 months
|
8.99%
|
12.66
|
|
Over $30,000
|
180 months
|
9.99%
|
10.73
|
*APR is the annual percentage rate.
MOTORCYCLE LOANS
(Maximum loan is based on N.A.D.A. retail book/value price.)
|
MODEL YEAR
|
TERM
|
APR AS LOW AS*
|
MONTHLY PAYMENT**
|
|
2006-2012
|
24 months
|
5.99%
|
44.30
|
|
2006-2012
|
36 months
|
5.99%
|
30.41
|
|
2006-2012
|
48 months
|
5.99%
|
23.47
|
|
2006-2012
|
60 months
|
6.25%
|
19.44
|
|
2006-2012
|
72 months
|
6.99%
|
17.04
|
|
2001-2005
|
24-72 months
|
7.50%
|
17.39 (72 month)
|
|
2000 and older
|
24-60 months
|
8.00%
|
20.28 (60 month)
|
|
PLAYING FOR FUN LOANS: Snowmobiles, Jet skis, ATVs
|
(Maximum loan is based on N.A.D.A. retail book/value price.)
|
MODEL YEAR
|
TERM
|
APR AS LOW AS*
|
MONTHLY PAYMENT**
|
|
New & Used
|
36 months
|
6.50%
|
30.64
|
|
New & Used
|
48 months
|
6.50%
|
23.71
|
|
New & Used
|
60 months
|
6.75%
|
19.68
|
|
New & Used
|
72 months
|
7.50%
|
17.28
|
*APR is the annual percentage rate.
|
PERSONAL - JUST SIGN!
|
|
AMOUNT
|
TERM
|
APR AS LOW AS*
|
MONTHLY PAYMENT**
|
|
$10,000
|
12 months
|
9.90%
|
87.87
|
|
$10,000
|
24-36 months
|
9.90%
|
32.22
|
|
$10,000
|
48 months
|
9.90%
|
25.31
|
*APR is the annual percentage rate.
SHARE SECURED
|
AMOUNT
|
Annual Percentage Rate
|
|
Up to 100% in Savings
|
Share Savings rate +2.50%
|
CERTIFICATE SECURED
|
AMOUNT
|
Annual Percentage Rate
|
|
Up to 100% in Certificate
|
Current CD rate +2.50%
|
OVERDRAFT PROTECTION
|
AMOUNT
|
TERM
|
MONTHLY PAYMENT**
|
|
Up to $5,000
|
Open
|
|
MORTGAGES AND REFINANCING OPTIONS
-
Are you interested in buying a home with no money down without the expense of PMI?
-
Do you want to save money by lowering your current mortgage rate?
-
Do you want to own a home, but your less-than-perfect credit history is holding you back?
-
Interested in financing a second home?
We offer a wide variety of short and long term fixed rate mortgages. Or if you are looking for ARMs; construction loans; 100% purchase loans, we now have a mortgage option to fit your budget and lifestyle. No subprime here!
Call our mortgage specialists for current rates and programs: 608-244-3518
"Right on the Money" HOME EQUITY LINE OF CREDIT
Take advantage of the equity in your home. Get cash out for home improvements. Easy application, fast approval, low rates. Read the featured rate assumptions below. Call today: 608-244-3518
|
MINIMUM AMOUNT
|
TERM
|
LOAN TO VALUE
|
VARIABLE PRIME RATE
|
|
$5,000
|
10 years
|
80%
|
Prime Rate minus 1%
|
|
$5,000
|
10 years
|
90%
|
Prime
|
|
$5,000
|
10 years
|
100%
|
Prime + 1%
|
“Right on the Money” (HELOC) Home Equity Line of Credit Loan Disclosures:
APR is Annual Percentage Rate.
APR is a variable rate subject to change on 1/1, 4/1, 7/1, and 10,1 of each year.
The Annual Percentage Rate shall equal the highest prime rate in the Wall Street Journal plus our margin of one or two percentage points based on the type of loan you take out with POCU. The Annual Percentage Rate will be rounded to the nearest .25 percentage point. The minimum annual percentage rate has a floor of 4.00% on up to 80% Loan to Value, 5.00% on up to 90% Loan to Value, and 6.00% on up to 100% Loan to Value. The maximum interest rate will not exceed 18%.
If required by law, we will provide you with notice of any interest rate change. An increase or decrease in the daily periodic rate and the Annual Percentage Rate will result in a corresponding increase or decrease in the monthly payment amount that would be due on the loan.
Example: Monthly payments would be $6.25, based on $1,000.00 borrowed at 80% LTV and a Prime rate of 7.50%.
Open end 10 year draw; 15 year repayment.
Appraisal costs range from $100-$500, depending on the loan amount and if required.
No annual fees. No origination fees.
Closing fees include title insurance, recording fees and processing fees approximately $60-$70 may be incurred.
Borrow from 80% up to 100% on the Fair Market Value of your home, depending on the equity available, less any liens.
Minimum credit limit is $10.000. Maximum credit limit is $200,000. Minimum withdrawal limit is $100.
Possible tax saving advantages for you. Consult your tax advisor.
SECOND MORTGAGES
|
MINIMUM AMOUNT
|
TERM
|
APR AS LOW AS*
|
MONTHLY PAYMENT**
|
|
$5,000
|
72 month fixed
|
6.00%
|
16.57
|
|
$5,000
|
10 year fixed
|
6.25%
|
11.23
|
|
$5,000
|
15 year fixed
|
6.75%
|
8.85
|
Negative Information Reporting Notice
The Fair and Accurate Credit Transaction Act of 2003, or FACTA, was passed in December 2003 to help prevent identity theft.
This new legislation requires us to give the following notice to members before any "negative information" may be furnished to a national credit reporting agency.
We may report information about your account (s) to credit bureaus. Late payments, missed payments or another defaults on your account (s) may be reflected in your credit report.
|
POCU reserves the right to change, add, or delete services, fees and rates stated at any time.
*APR is Annual Percentage Rate
**Monthly Payment based on payment per $1,000 for rate and term. Rates are based on applicant's credit history.
|
|
