Loan & Saving Rates

Loan Rates & Guidelines

Effective May 1, 2023

Unsecured Loans

Terms	Rate*
Up to 60 months	9.90% - 17.79%
Teacher Supply Loan Borrow up to $2,500 up to 24 months	7.00%

Line of Credit

Terms	Rate*
$10.00 minimum payment	9.90% - 17.79%

Mastercard

Type	Rate*
Gold	9.90%-12.90%
Classic	12.90%-18.00%
Secured	15.90%-18.00%

No annual fee. Required minimum payment of $18.00/month or 3% of outstanding balance.

New Auto - as low as ¹

Terms	Rate*
Up to 48 months	5.75%
49 - 60 months	6.15%
61 - 75 months	6.55%
76 - 84 months	6.79%²

¹+ Tax, Title, License, GAP coverage and Warranty
²Terms 76 months and greater apply to loan amounts > $30,000.

Used Auto - as low as

Terms	Rate*
Up to 48 months	5.99%
49 - 60 months	6.45%
61 - 75 months	6.99%
76 - 84 months	7.14%

Terms 76 months and greater apply to loan amounts > $30,000.

Real Estate

All real estate, mortgage, home equity/cash out loan requests
Call a Loan Officer for information. Real estate loans comply with the Fair Housing Act.
Click here for a Personalized Rate Quote

Share (Deposit) Secured Loan

Terms	Rate*
Up to 60 months	4.0%

RelyOn Certificate of Deposit Secured Loan

3.00% over the certificate rate not to exceed the term of the certificate.

Other Secured Loans

The limit is set by law and Credit Union policy, repayment depends on security. Call for rate information.

Boat, Tractor, Equipment and Motorcycle: New and Used - as low as ³

Type	Terms	Rate*
New and Used	Up to 48 months	6.99%
New and Used	49 - 60 months	7.29%
New and Used	61 - 75 months	7.89%
New and Used	76 - 84 months	8.79%
New and Used	85 months and greater	9.79%

³ New – 100% MSRP selling price; Used – NADA Retail Value
*Annual percentage rate, as low as – all rates subject to change and can vary based on credit-worthiness and terms of the loan.

 

Rate Disclosures

Unsecured, Line of Credit, and Mastercard loans may be granted at the discretion of the loan officer. Consideration for a loan is that a member has an excellent credit rating; is financially able to repay; is of good character; and purpose is for good reason. Line of Credit, Unsecured, Share (deposit) Mastercard and Mastercard loans may not exceed a combined total of $30,000.00 per member.

Automobiles 6-9 years old, a .50% rate bump applies. For automobiles older than ten years old, a 2.50% rate bump applies. For automobiles with 100,000 miles or more, a 2.50% rate bump applies.

All loans except credit cards, Holiday Helper, Teacher Supply Loan, First Responder, and Kaufman City County Employee loans require a loan processing fee.  Please refer to Fee Schedule for the current fee.

All loan applications not approved by the Loan Officer will be referred to the Loan Committee for approval or disapproval.

Shown above are the limitations and regulations as set by Credit Union Law and policies as set by our Board of Directors and are subject to change without notice.