Loan Rates

• Share Secured and Personal Loans
• Home Equity Loans
• Mortgages
• Auto Loans
• Visa Platinum Cards
• Overdraft Protection
• Fees

Share Secured and Personal Loans

For more information, please see our Loan Services page.

Home Equity Loans

*Loans are repayable in equal monthly installments over the term of the loan. 10-year term availability dependent on availability of designated long-term funds.  Example: Monthly payment on a $25,000 loan at 7.49% APR for 120 months is $296.74. Total finance charge: $10,608.50. Total loan cost: $35,608.50.  Listed rates are for qualified members who borrow up to 80% of their homes’ equity. Qualified members can borrow up to 90% of their homes’ equity at a higher rate.  

**Rate can change on the first of each month and is based on the Prime Rate as published in the Wall Street Journal. On 2/20/10, the Prime Rate was 3.25%.  Rate determined by available line of credit as low as the following:  $99,000 or more, Prime minus .50%; $50,000-$98,999, Prime; $25,000-$49,999, Prime plus .50%; $5,000-$24,999, Prime plus 1.00%.  Listed rates are for qualified members who borrow up to 80% of their homes’ equity. Qualified members can borrow up to 90% of their homes’ equity at a higher rate. Maximum APR: 18%. Minimum APR as low as 3.99%.  Initial advance of at least $5,000 is required at the time of loan disbursement.  Subsequent advances must be at least $500. Minimum monthly payment $120. A $50 annual fee is waived the first year and then becomes effective for the remaining four years of the draw period.  If you close your line of credit within two years of its opening, you will be required to reimburse the credit union for certain third party fees up to a maximum of $400.  

***Rate can change on the first of each month and is based on the Prime Rate as published in the Wall Street Journal. On 10/1/09, the Prime Rate was 3.25%.  Rate determined by available line of credit as low as the following: $99,000 or more, Prime minus .25%; $50,000-$98,999, Prime plus .25%; $25,000-$49,999, Prime plus .75%; $5,000-$24,999, Prime plus 1.25%.  Listed rates are for qualified members who borrow up to 80% of their homes’ equity.  Maximum APR: 18%. Minimum APR as low as 3.99%.  Initial advance of at least $5,000 is required at the time of loan disbursement.  Subsequent advances must be at least $500. Minimum monthly payment during principal balance plus interest repayment period is $120. A $50 annual fee is waived the first year and then becomes effective for the remaining nine years of the draw period.  If you close your line of credit within two years of its opening, you will be required to reimburse the credit union for certain third party fees up to a maximum of $400.

For more information, please see our Home Equity page.

Home Mortgages

In addition to the mortgage products listed below, the credit union also offers longer-term mortgages including 30-year fixed-rate mortgages.  Rates on these products are subject to change daily.  For more information regarding long-term mortgages including current rates, please call Jim Kisel at (773) 305-7041.

*Minimum loan amount is $15,000. Loans are repayable in equal monthly installments over the term of the loan. Example: Monthly payment on a $50,000 loan at 5.00% APR for 120 months is $530.42. Total finance charge: $13,649.88. Total loan cost: $63,649.88.  Listed rates are for qualified members who borrow up to 80% of their homes’ current market value.  There is a $150 charge for closing costs. Should it be determined that an appraisal is necessary, you will be charged the fee for this service at the credit union's cost. Homeowner’s insurance is required.

**Minimum loan amount is $50,000. Listed rate of 5.25% (5.347% APR) is fixed for the first five years.  Thereafter, rate and APR may change annually.  Loan is repayable over a period of up to 30 years.  Payment example:  A $150,000 loan at a rate of 5.25% (5.347% APR) with a 30-year repayment period would result in a monthly payment of $828.31 for the first five years.  After the first five years, rate and APR may adjust annually resulting in a change in payment.  Homeowner's insurance is required. 

Auto Loans

Listed rates are for up to 110% financing.  The credit union will finance up to 110% of the manufacturer's suggested retail price less any manufacturer's rebate for new vehicles and up to 110% of the NADA book retail price for used vehicles for qualified members.  Your APR may vary based on creditworthiness.  Members with credit union Visa or Platinum Premiere Visa cards can redeem 5,000 Premiere Points and reduce their rates by an additional .25%.  Loans are repayable in equal monthly installments over the term of the loan.  Example:  Monthly payment on a $20,000 loan at 3.99% APR for 36 months is $590.33.  Total finance charge:  $1,251.59.  Total loan cost:  $21,251.59. 

For more information, please see our Auto Central page.



Visa Platinum Cards

For additional important rate and fee information for Visa Platinum Accounts, please click here.  The information about the costs of the cards described above is accurate as of 12/31/09 and is subject to change at any time.  To find out what information may have changed, call us at (708) 649-6430 or at (800) 750-3660 if outside Chicago area.

Rates accurate as of 2/20/10 and are subject to change at any time.

Fees

Loan Fee

Visa Fees

Home Equity Line of Credit Fees

Mortgage Fees 

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