FIND THE RATE THAT FITS YOUR NEEDS

Rates

rates

The following table shows how interest rates will be structured for Home Equity Loans and 1st Mortgage Rate Loans and Land Loans. Rates are based on 3 Year US Treasury on July 15th (or closest business day).

Rate Table

(Effective August 1, 2021)
Base Rate is 0.5% index with 3.25% margin

SCORE Rate Structure Rate
A Margin Rate 0.50%+3.25% 3.75%
B Margin Rate 0.50% + 3.75% 4.25%
C Margin Rate 0.50% + 4.25% 4.75%
D Margin Rate 0.50% + 5.25% 5.75%
E Margin Rate 0.50% + 6.25% 6.75%

Floor will be 3.75% and ceiling on a 20 year is 10% and on a 30 year is 15%
80% Loan To Value Policy in place
15 years MAX term on Land Loans
15 years MAX term on Mobile homes and land (not converted to real estate)
Advances can be made up to half the term of mortgage

*Payment example: If you wanted a $50,000.00 home equity loan, for 20 years, with a credit score of an A, your interest rate would be 5.25%. Your payment would be 337.01 per month for 20 years. Payments do not include taxes and insurance premiums.

Grade of Paper Score

SCORE
A+ 720+
A 680-720
B 640-679
C 600-639
D 555-599
E 554 and below

Auto Loans

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New Auto Loans - Risk Based Lending
 
SCORE 36 Month APR 48 Month APR 60 Month APR 72 Month APR 84 Month APR
A+ 2.99% 2.99% 3.50% 4.00% 4.75% $25,000 & UP
A 2.99% 2.99% 3.50% 4.00% 4.75% $25,000 & UP
B 3.75% 3.75% 4.00% 4.50% 5.00%
C 5.75% 6.25% 6.50% 7.255%
D 10.50% 11.00% 11.50% 12.75%
E 13.50% 14.00% 14.50% 15.75%
Used Auto Loans 2015 and Newer - Risk Based Lending
SCORE 36 Month APR 48 Month APR 60 Month APR 72 Month APR 84 Month APR
A+ 3.49% 3.49% 3.75% 4.259% 5.25% $25,000 & UP 2015 & Newer
A 3.49% 3.49% 3.75% 4.25% 5.25% APR $25,000 & UP 2015 & Newer
B 3.99% 3.99% 4.25% 4.75%
C 6.50% 7.00% 7.25% 8.00%
D 11.25% 12.25% 12.75%
E 14.25% 14.75% 15.50%
Used Auto Loans 2014 And Older - Risk Based Lending

Score 36 Month APR 48 Month APR 60 Month APR 72 Month APR
A + 4.00% 4.25% 4.50% 4.75%
A 4.25% 4.50% 4.75% 5.00%
B 4.75% 5.00% 5.25% 5.50%
C 7.25% 7.75% 8.00% 8.75%
D 12.50% 13.50% 14.00%
E 15.25% 15.75% 16.50%

Used Auto Loans - 2008 and Older - Risk Based Lending
SCORE 36 Month APR 48 Month APR
Assigned C 14.50% 15.00%
D 16.50% 17.00%
E 17.50% 17.50%
 

A+, A, & B will finance 100% retail value
C, D & E will finance 100% of loan value only.

* Payment example: If you wanted a $10,000 new auto loan, for 48 months, with a credit score of an A, you would receive an interest rate of 3.00%. Your payment would be $221.35 for 48 months.

Signature Loan Rates

Risk Based Lending
SCORE 24 Month APR 36 Month APR
A+ 8.50% 9.00%
A 8.75% 9.25%
B 9.00% 9.50%
C 14.50%
D 17.50%
E 18.00%

A & B up to $3000.00
C up to $2000.00
Assigned C $500
D & E $500

* Payment example: If you wanted a $3,000 loan, for 36 months, with a credit score of an A, you would receive an interest rate of 8.50%. Your payment would be $94.71 for 36 months.

Share Secured Loan Rate

3.25% for up to 72 months

Share Certificate Loan Rate

2.00% ABOVE CD RATE

Recreational Loans

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New Recreational Vehicle Loans - Risk Based Lending
SCORE 36 Month APR 48 Month APR 60 Month APR 72 Month APR *84-120 Month APR *132-180 Month APR
A+ 4.50% 4.75% 5.00% 5.25% 5.50% 6.00%
A 4.50% 4.75% 5.00% 5.25% 5.50% 6.00%
B 5.00% 5.25% 5.50% 5.75% 6.00% 6.50%
C 5.75% 6.25% 7.25% 8.00% 8.25% 8.50%
D 12.25% 13.25% 14.25% 15.25% 16.25% 17.25%
E 15.25% 16.25% 17.25% 17.75% 17.75% 17.75%
 
* Must be $30,000 to $50,000 for 84-120 months
* Must be over $50,000 for 132-180 months
Used Recreational Vehicle Loans - Risk Based Lending
SCORE 36 Month APR 48 Month APR 60 Month APR 72 Month APR *84-120 Month APR *132-144 Month APR
A+ 4.50% 4.75% 5.00% 5.25% 5.50% 6.00%
A 4.50% 4.75% 5.00% 5.25% 5.50% 6.00%
B 5.25% 5.50% 5.75% 6.00% 6.25% 6.75%
C 6.75% 7.00% 7.25% 8.25% 8.50% 8.75%
D 15.25% 16.25% 17.25% 17.75% 17.75% 17.75%
E 17.00% 17.25% 17.50% 17.75% 17.75% 17.75%
* Must be $30,000 to $50,000 for 84-120 months * Must be over $50,000 for 132-180 months
Used Recreational Vehicle Loans 11 Years or Older (2005 and Older) - Risk Based Lending
SCORE 36 Month APR 48 Month APR
Assigned C 14.75% 15.75%
D 17.75% 17.75%
E 17.75% 17.75%
 
* Rates are based on individual credit history. Your actual rate may be lower or higher depending on your credit score. All credit union loan programs, rates, terms and conditions are subject to change at any time without notice.

A+, A & B will finance 100% retail value
C, D & E will finance 80% of retail value

* Payment example: If you wanted a $10,000 new recreational loan, for 48 months, with a credit score of an A, you would receive an interest rate of 4.50%. Your payment would be $228.04 for 48 months.

Mobile Home Loans

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New Mobile Home Loan
SCORE With Land 180 Month APR Without Land 180 Month APR
A+ 8.00% 9.00%
A 8.50% 9.50%
B 9.00% 10.00%
C 10.00% 11.00%
D 11.0% 12.00%
E 16.0% 17.00%

Now, you can finance a mobile home over $75,000 for 240 months! 

2005 & Newer Mobile Home Loan
SCORE With Land 72 Months APR Without Land 72 Months APR
A+ 9.00% 10.00%
A 9.50% 10.50%
B 10.50% 10.75%
C 11.00% 12.00%
D 13.50% 14.50%
E 18.00% 18.00%
2004 or Older Mobile Home Loan
SCORE With Land 72 Months APR Without Land 72 Months APR
A+ 10.00% 11.00%
A 10.50% 11.50%
B 11.00% 12.00%
C 12.00% 13.00%
D 15.75% 16.50%
E 18.00% 18.00%

A+, A & B will finance 100% retail value
C, D & E will finance 80% of retail value

* Payment example: If you wanted a $40,000 loan, for 180 months without land, with a credit score of an A, you would receive an interest rate of 8.75%. Your payment would be  $399.88 for 180 months.

Savings Rates

Share Savings Account
$25.00 to $7,500.99 0.10% 0.10% Annual Percentage Yield
$7,501.00 to $10,000.99 0.20% 0.20% Annual Percentage Yield
$10.001.00 to $20,000.99 0.30% 0.30% Annual Percentage Yield
$20,001.00 to $50,000.99 0.35% 0.35% Annual Percentage Yield
$50,001.00 to $100,000.99 0.40% 0.40% Annual Percentage Yield
$100,001.00 and up 0.50% 0.50% Annual Percentage Yield
Premium Share Savings Account
$25.00 to $7,500.99 0.15% 0.15% Annual Percentage Yield
$7,501.00 to $10,000.99 0.25% 0.25% Annual Percentage Yield
$10,001.00 to $20,000.99 0.35% 0.35% Annual Percentage Yield
$20,001.00 to $50,000.99 0.40% 0.40% Annual Percentage Yield
$50,001.00 to $100,000.99 0.45% 0.45% Annual Percentage Yield
$100,001.00 and up 0.55% 0.55% Annual Percentage Yield
* Savings with Checking Account
Premium Share Draft (Checking) Account

$500.00 Minimum  |  0.25% Annual Percentage Yield

Kids Club Share Account

$25.00 and up  |  0.25% Annual Percentage Yield

Vacation Club Share Account

No Minimum  |  0.10% Annual Percentage Yield

Christmas Club Share Account

No Minimum  |  0.10% Annual Percentage Yield

Traditional or Roth IRA Share Account

No Minimum  |  0.25% Annual Percentage Yield

* All variable rate accounts are subject to change once account is opened. An early withdrawal penalty may be imposed on the Certificates of Deposit. There are no maintenance fees for share certificates. A dormant fee of $10.00 dollars will be imposed on the savings accounts with no activity for 24 months. Fees like this could reduce earnings on the account. There are no minimum balances on share savings accounts, $25 does go to your membership share which represents your ownership of Lake Chem. If you close your account, you get the $25 back.


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