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Loan Rates
| Purchases, cash advances and balance transfers rate | 8.90 % APR* |
| Earn ScoreCard® Rewards Bonus Points on purchases | |
Car/Truck
Never Titled: Loan amount up to 100% of Market Value
Previously Titled: Loan amount up to 100% of J.D. Power Retail Value
| Model Year | Term | APR*+ |
|---|---|---|
| 2023 and newer | Up to 6 years | 6.74% |
| 2022 | Up to 5 years | 6.74% |
| 2021 | Up to 4 years | 6.74% |
| 2017-2020 | Up to 3 years | 6.74% |
Collectible/Luxury
| Info | Term | APR*+ |
|---|---|---|
| Loan amount up to 100% of "good" market value as listed in Black®Book® CPI publication |
Up to 5 years | 7.49% |
Motorcycle/ATV/UTV
Never Titled: Loan amount up to 100% of Market Value
Previously Titled: Loan amount up to 100% of J.D. Power Retail Value
| Model Year | Term | APR*+ |
|---|---|---|
| 2023 and newer | Up to 6 years | 9.24% |
| 2022 | Up to 5 years | 9.24% |
| 2021 | Up to 4 years | 9.24% |
| 2017-2020 | Up to 3 years | 9.24% |
Recreational Vehicle
Never Titled: Loan amount up to 100% of Market Value
Previously Titled: Loan amount up to 100% of J.D. Power Retail Value
| Model Year | Term | APR*+ |
|---|---|---|
| 2023 and newer | Up to 10 years | 9.24% |
| 2022 | Up to 9 years | 9.24% |
| 2021 | Up to 8 years | 9.24% |
| 2020 | Up to 7 years | 9.24% |
| 2019 | Up to 6 years | 9.24% |
Closed-End, Fixed Rate1 (call for current weekly rates)
| 80% Loan to Value | Term | APR*+ |
|---|---|---|
| 80% of home value less encumbrances/liens | Up to 5 years | 7.49% |
| 80% of home value less encumbrances/liens | Over 5 years, up to 10 years | 7.99% |
| 80% of home value less encumbrances/liens | Over 10 years, up to 15 years | 8.74% |
|
90% Loan to Value (primary residence only) |
Term | APR*+ |
|---|---|---|
| 90% of home value less encumbrances/liens | Up to 5 years | 7.99% |
| 90% of home value less encumbrances/liens | Over 5 years, up to 10 years | 8.74% |
| 90% of home value less encumbrances/liens | Over 10 years, up to 15 years | 9.49% |
| FIXED RATE | ||
| Loan to Value | Term | APR*+ |
|---|---|---|
| 80% of home value less encumbrances/liens | Up to 15 years | 8.99% |
| 90% of home value less encumbrances/liens (primary residence only) |
Up to 15 years | 9.74% |
| VARIABLE RATE | ||
| Loan to Value | Term | APR*+ |
|---|---|---|
| 80% of home value less encumbrances/liens with direct deposit payments |
Up to 15 years | 8.26% |
| 80% of home value less encumbrances/liens without direct deposit payments |
Up to 15 years | 8.76% |
Variable Home Equity Line of Credit Rate is based on the 13-week Treasury Bill plus 3.50% and in no event will this rate be more than 6% above the initial APR* and never lower than 5%.
Adjustments to the APR* on the Variable Rate Home Equity Line of Credit Loan will take effect quarterly on the first day of January, April, July and October.
1 Minimum Loan Amount: $5,000. Note: Existing FirstEnergy Choice Federal Credit Union closed-end home equity loans and home equity line of credit loans may be refinanced with additional new money of at least $5,000 over the outstanding loan balance at
the date the loan application is received.
1 Settlement Fees: If new money is $10,000 or more, the Credit Union will waive up to $530 of the settlement fees on closed-end and up to $540 on open-end loans. If new money is less than $10,000, settlement fees will be charged. Member will be charged for fees incurred by the Credit Union when applying for a home equity loan within three months of closing another home equity loan on the same
property at the Credit Union.
| Term | APR*+ |
|---|---|
| Up to 1 year term | 9.99% |
| Over 1 year, up to 4 years | 10.74% |
| Over 4 years, up to 5 years | 10.99% |
| Term | APR*+ |
|---|---|
| Up to 5 years | 3.99% |
SHARE CERTIFICATE SECURED 3.00% over the certificate rate, term not to exceed the maturity date of the certificate.
+ These loan Annual Percentage Rates reflect a 0.50% APR* reduction for making loan payments by direct deposit. Does not apply to Visa Credit Card accounts. Your rate will increase 0.50% APR* if you discontinue direct deposit payments.
+ To calculate the loan payment amount, increase the loan rates listed above by 0.50% APR*. These increased rates apply to the payment amount however, interest is charged at the loan rates listed above.