| Term | APR* as low as |
|---|---|
| Up to 36 Months | 5.49% |
| 48 Months | 5.99% |
| 60 Months | 6.24% |
| 72 Months | 6.49% |
| 84 Months | 6.99% |
College/Trade School Grad or Active Military Discount - 2023 and 2024 graduates and active military service members can save .25% off MECU's current auto loan rates. Payment example: $20,000 loan with a 72 month term at 6.49% APR would be $336.10/month. | |
| Amount | Variable APR* as low as |
|---|---|
| $10,000 to $49,999 | 8.25% |
| $50,000 and greater | 7.75% |
| Loan payments based on $9 or $12 per thousand . Example, $10,000 loan, $9 per $1,000 selected, $90 monthly payment. Payment examples do not include taxes and insurance, if applicable, actual payment obligation will be greater. Minimum Line of Credit amount $10,000 Maximum Line of Credit amount $200,000 The annual percentage rate can change quarterly. The maximum ANNUAL PERCENTAGE RATE that can apply is 18.00%. The ANNUAL PERCENTAGE RATE will never increase more than two (2) percent points in one year. Under no circumstances will the rate ever be less than 4.50% per annum. Index based off of prime. Magins are -0.25% for loan amounts $49,999.99 or less and -0.75% for $50,000 to $200,000. Properties only located in the State of Michigan | |
| Fixed Rate Term | APR* (90% Loan to Value) |
|---|---|
| 60 Months | 6.50% |
| 120 Months | 7.00% |
| 180 Months** | 7.50% |
| Payment example: A 60-month loan at a 6.50% APR will have 60 monthly payments of $19.57 per $1,000 borrowed.Payment examples do not include taxes and insurance, if applicable, actual payment obligation will be greater. Maximum Home Equity loan amount $200,000 *APR = Annual Percentage Rate **Minimum $30,000 for 180 months Properties only located in the State of Michigan Please call the Credit Union for the most current rates. Rates are subject to change at any time without notice | |
| Amount | Maximum Term | APR* as low as |
|---|---|---|
| $1,000 - $5,000 | 60 Months | 8.75% |
| $5,000 - $10,000 | 84 Months | 9.25% |
| $10,000 - $25,000 | 108 Months | 9.75% |
| Payment example: $20,000 loan with a 108 month term at 9.75% APR would be $278.87/month. *APR = Annual Percentage Rate. Rates includes a .25% discount for direct deposit and may vary based on credit history. Rates are subject to change at any time without notice. Please call the Credit Union for the most current rates and more details. | ||
| Minimum Amount | Term | APR* as low as |
|---|---|---|
| $100 | Up to 60 Months | 8.95% |
| Payment example: $5,000 loan with a 60 month term at 8.95% APR would be $103.67/month. *Annual Percentage Rate. Rate includes a .25% discount for direct deposit and may vary based on credit history. Please call the Credit Union for the most current rates and more details. Rates are subject to change at any time without notice. | ||
| Name | APR* |
|---|---|
| World Rewards Mastercard | 17.74% - 21.00% |
| Platinum Mastercard | 15.74% - 21.00% |
Minimum payment of 3% of the unpaid balance or $25 whichever is greater. Late payments will result in a fee of up to $25. *Annual Percentage Rate | |
| Minimum Advance | Repayment | Minimum Payment | APR* |
|---|---|---|---|
| $50.00 | $30 per $1000 borrowed | $30.00 | 9.95% |
| * Annual Percentage Rate. Please call the Credit Union for the most current rates. Rates are subject to change at any time without notice. | |||
| Term | APR* as low as |
|---|---|
| Up to 84 months | 6.99% |
| 85 - 120 months | 7.49% |
| 121 - 180 months | 7.99% |
Payment example: $50,000 loan with a 120 month term at 7.49% APR would be $593.25/month. *Annual Percentage Rate. | |
| Term | APR* as low as |
|---|---|
| Up to 60 months | 6.49% |
| 61 - 72 months | 6.74% |
| 73 - 84 months | 6.99% |
| Payment example: $10,000 loan with a 72 month term at 6.74% APR would be $169.24/month. *Annual Percentage Rate. Rates include a .25% discount for direct deposit and may vary based on credit history. Please call the Credit Union for the most current rates and more details. Rates are subject to change at any time without notice. | |
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