Loan Rates

Rates effective as of 2/03/12.

Consumer Loans (fixed rate)
FICO Score Unsecured Signature Secured Loans (60 Month Term)
730 + 9.99% 5.90%
680 - 729 11.99% 6.40%
640 - 679 12.99% 7.40%
600 - 639 14.99% 8.90%
550 - 599 16.99% 12.40%
< 549 17.99% 16.40%
HELOC 1 & 2 Rates
FICO Score HELOC 1 HELOC 2
  With Share Draft Without Share Draft With Share Draft Without Share Draft
640+ 5.00% 5.25% 5.25% 6.25%
600 - 639 5.25% 6.25% 6.25% 7.25%
550 - 599 N/A N/A 7.25% 8.25%
< 549 N/A N/A 8.25% 9.25%
Maximum $ Up to $150,000 Up to $150,000 Up to $250,000 Up to $250,000
Check Writing YES YES No - One advance/year No - One advance/year
         
Prime = 3.25%        
Mini Home Equity
FICO Score 5 years 7 years 10 years 15 years
640+ 6.75% 7.00% 7.25% 7.50%
550-639 8.00% 8.25% 8.50% 8.75%
< 549 10.00% 10.25% 10.50% 10.75%

For consumer loans, your rate, term and maximum amount you can borrow may vary, and will be determined by your credit history and prior loan relationship with this credit union. Secured rates displayed are for a 60 month term - your rate may vary depending on the value and age of the collateral. Preferred Rate: You may be entitled to a preferred rate. You will be eligible for a .50% discount if you have your full payroll automatically deposited to the credit union. If you fail to maintain your preferred rate status, your Annual Percentage Rate will increase accordingly.

Late Fees - For All LoanLiner loans and Visa Credit Cards: 5% of the payment with a minimum of $26.00. Consumer loans have a 5 day grace period.

New Cars - Up to 100% of dealer invoice. Used Cars - Up to 100% of NADA book value.

* Home Equity Lines of Credit (HELOC 1 & 2) rates are adjusted quarterly based on the Wall Street Journal Prime Rate (plus a margin) 15 days before the day of adjustment. Your margin is based on your creditworthiness. The maximum adjustment is 2%. Floor Rate 5% - Maximum Rate 16%. If the payments are deducted from a Winthrop-University Hospital EFCU share draft account the rate can be reduced by 1%. HELOC 1 comes with check writing ability. HELOC 2 provides only one advance per year, based on creditworthiness.

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