Loan Rates


 

Visa® Credit Card

Purchases, cash advances and balance transfers rate 8.90 % APR*
Earn ScoreCard® Rewards Bonus Points on purchases

Vehicle

Car/Truck

Never Titled: Loan amount up to 100% of Market Value
Previously Titled: Loan amount up to 100% of NADA Retail Value

Model Year Term APR*+
2011 and newer Up to 3 years 2.49%
2017 and newer Over 3 years, up to 6 years 2.99%
2016 Over 3 years, up to 5 years 2.99%
2015 Over 3 years, up to 4 years 2.99%

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 2.99%

Motorcycle/ATV/UTV

Never Titled: Loan amount up to 100% of Market Value
Previously Titled: Loan amount up to 100% of NADA Retail Value

Model Year Term APR*+
2017 and newer Up to 6 years 4.74%
2016 Up to 5 years 4.74%
2015 Up to 4 years 4.74%
2011-2014 Up to 3 years 4.74%

Recreational Vehicle

Never Titled: Loan amount up to 100% of Market Value
Previously Titled: Loan amount up to 100% of NADA Retail Value

Model Year Term APR*+
2017 and newer Up to 10 years 4.74%
2016 Up to 9 years 4.74%
2015 Up to 8 years 4.74%
2014 Up to 7 years 4.74%
2013 Up to 6 years 4.74%

Home Equity

Closed-End, Fixed Rate1

80% Loan to Value Term APR*+
80% of home value less encumbrances/liens Up to 5 years 3.74%
80% of home value less encumbrances/liens Over 5 years, up to 10 years 4.49%
80% of home value less encumbrances/liens Over 10 years, up to 15 years 5.24%
90% Loan to Value Term APR*+
90% of home value less encumbrances/liens Up to 5 years 4.24%
90% of home value less encumbrances/liens Over 5 years, up to 10 years 5.24%
90% of home value less encumbrances/liens Over 10 years, up to 15 years 5.99%

Line of Credit1

FIXED RATE
Loan to Value Term APR*+
80% of home value less encumbrances/liens Up to 15 years 7.75%
90% of home value less encumbrances/liens Up to 15 years 8.25%
VARIABLE RATE
Loan to Value Term APR*
80% of home value less encumbrances/liens with direct
deposit payments
Up to 15 years 5.08%
80% of home value less encumbrances/liens without direct
deposit payments
Up to 15 years 5.58%

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 $500 of the settlement fees on closed-end and up to $510 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.

Personal/Signature

Term APR*+
Up to 1 year term 7.24%
Over 1 year, up to 4 years 9.24%
Over 4 years, up to 5 years 9.49%

Share Secured

Term APR*+
Up to 5 years 2.99%

SHARE CERTIFICATE SECURED 2.50% over the certificate rate, term not to exceed the maturity date of the certificate.

Student Loan

The Smart Option Student Loan® for FirstEnergy Choice Federal Credit Union by Sallie Mae®
For borrowers attending degree-granting institutions, now you can pay for college the smart way with three great repayment options and competitive interest rates!

To learn more or to apply, please get started here.


 

+ 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.

On loans listed above, certain restrictions may apply.  Rates subject to change without notice.