
Loan Rates
Share Secured and Personal Loans
| Account Type | APR |
| Share Secured Loans | |
| Loans $2,000 Or More | 3.75% |
| Loans Less Than $2,000 | 6.25% |
| Personal Loans | As low as 9.90% |
| Overdraft Protection | 18.00% |
For more information, please see our Loan Services page.
| Account Type | Terms | APR |
| Fixed Rate Home Equity Loans* | ||
| $25,000+ | 60 Months | As low as 6.74% |
| $25,000+ | 84 Months | As low as 7.14% |
| $25,000+ | 120 Months | As low as 7.49% |
| $15,000-$24,999 | 60 Months | As low as 7.74% |
| $15,000-$24,999 | 84 Months | As low as 8.14% |
| $15,000-$24,999 | 120 Months | As low as 8.79% |
| Variable Rate Home Equity Lines of Credit** | ||
| $99,000 or more |
As low as Prime minus .50% |
|
| $50,000 to $98,999 |
As low as Prime |
|
| $25,000 to $49,999 |
As low as Prime plus .50% |
|
| $5,000 to $24,999 |
As low as Prime plus 1.00% |
|
| Interest-Only Home Equity Line of Credit*** | ||
| $99,000 or more | Prime minus .25% | |
| $50,000 to $98,999 | Prime plus .25% | |
| $25,000 to $49,999 | Prime plus .75% | |
| $5,000 to $24,999 | Prime plus 1.25% |
*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.
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.
| Account Type | Terms | APR |
|
Short-Term, Fixed-Rate First Mortgages* |
||
| 60 Months | 4.50% | |
| 84 Months | 4.65% | |
| 120 Months | 5.00% | |
| 5/1 Adjustable Rate Mortgages** | 5.347% |
*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.
| '08, '09 & '10 Models As Low As... | 07 Models As Low As... |
|
3.99%
APR for 24 Months 3.99% APR for 36 Months 5.14% APR for 48 Months 5.24% APR for 60 Months 5.99% APR for 72 Months 04 Models as low as... |
4.79% APR for 48 Months |
| 06 Models As Low As... | |
4.79% APR for 48 Months |
|
| 05 Models As Low As... | |
| 8.04% APR for 36 Months | |
04 Models As Low As... |
|
| 8.04% APR for 36 Months |
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
| Account Type | Annual Percentage Rate (APR) For Purchases, Cash Advances and Balance Transfers |
| First-Rate Platinum Visa: | 9.9%
to 18% when you open your
account based on your creditworthiness. After that, your APR will vary with the market based on the Prime Rate. |
|
Platinum Premiere Visa: |
12.6%
to 14.7% when you open your
account based on your creditworthiness. After that, your APR will vary with the market based on the Prime Rate. |
| C3 Visa: | 14.7% This APR will vary with the market based on the Prime Rate. |
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.
Loan Fee
| Loan late payment fee | $25 |
Visa Fees
| Over limit fee | $25 |
| Card pickup fee | $65 |
| Draft copy | $5 |
| Returned check fee | $25 |
| Late payment fee | $25 |
| Statement copy | $3 |
| Replacement card | $10 |
| Cash Advance For ATM Transactions And Non-Check Advances (Excluding Balance Transfers) | Either $3 or 3% of the amount of the transaction, whichever is greater |
| Foreign Transaction | 2% of each transaction in U.S. dollars |
Home Equity Line of Credit Fees
| Annual fee during draw period (waived for the first year) | $50 |
Mortgage Fees
| First mortgage administrative fee |
$150 |
| Modification fee for closed-end real estate loans |
$150 |
| Appraisal fees |
Actual cost |
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