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Loans & Visa Card Rates



Car Loan Rates

Loan TypeMaximum Amount FinancedTerm*Auto-Pay APRMonthly Payment Per $1,000 Borrowed
New Cars
2008-2006125%up to 66 Months3.95%$16.88
2008-2006125%up to 72 Months4.95%$16.08
2008-2006125%up to 84 Months5.95%$14.58
Pre-Owned
2005-2004125%up to 60 Months6.25%$19.44
2005-2004125%up to 66 Months6.50%$18.06
2005-2004125%up to 72 Months6.99%$17.04
2003-2002125%up to 60 Months7.25%$19.91
Auto Refinance
2008-2004125%up to 72 Months**2.00% Less Than Existing Rate

Personal Loan Rates

Loan TypeMinimum Amount FinancedTerm*Auto-Pay APRMonthly Payment Per $1,000 Borrowed
Unsecured Loan$7,500 - $25,000up to 60 Months11.45% $26.08
Unsecured Loan$5,000 - $7,499up to 48 Months11.45%$21.98
Share Secured Loan$500up to 84 Months5.00% $14.13

Rates may be higher based on applicant’s credit worthiness. Rates and terms are subject to change without notice. Certain restrictions may apply.

MCU only finances vehicles purchased from a car dealer: We do not offer financing for private sales, individual sales or lease buyouts.

*Auto-Pay: When direct deposit or automatic payroll deduction is utilized as the method of loan repayment. Annual percentage rates for 2008-2006 auto loans will increase by 1/2 % after consummation if automatic payroll deduction or direct deposit is cancelled. Annual percentage rates for 2005-2002 auto loans will increase by 1% after consummation if automatic payroll deduction or direct deposit is cancelled. Annual percentage rates on unsecured loans will increase by 2% after consummation if automatic payroll deduction or direct deposit is cancelled. Late payment fee: $15.00

**Lowest rate available is 4.95% APR.

Visa Rates

Visa CardsAnnual Percentage Rate for PurchasesGrace Period for Repayment of the Balance for PurchasesMethod of Computing the Balance for PurchasesAnnual FeesMinimum Finance ChargeTransaction Fee for Purchases
Platinum Card0% for the first 6 mos. Thereafter at the prevailing rate, currently 9.90%(Prime Rate+3.9%)* Not less than 25 daysAverage daily balance (including new purchase)None$.50None
Gold Card4.9% for the first 6 mos. Thereafter, at the prevailing rate, currently 10.90% (Prime Rate+4.9%)**Not less than 25 daysAverage daily balance (including new purchases)None$.50None
Classic Variable Rate11.90% (Prime Rate +5.9%)***Not less than 25 daysAverage daily balance (including new purchases)None$.50None
Classic Fixed Rate14.90%Not less than 25 daysAverage daily balance (including new purchases)None$.50None
Secured Visa10.90%Not less than 25 daysAverage daily balance (including new purchases)None$.50None

* The promotional rate of 0% is available with a qualifying balance transfer of $3,000 or more at time of application; without a qualifying balance transfer the rate is currently 9.90%. The APR may vary.
** The promotional rate of 4.9% is available with a qualifying balance transfer of $3,000 or more at time of application; without a qualifying balance transfer the rate is currently 10.90%. The APR may vary.
*** The APR may vary.
The Annual Percentage Rate for Cash Advances for all Visa Cards is a fixed 16.90%.
Transaction fee for cash advances for Classic, Variable Rate and Secured Visa is 3% of the amount advanced but not less than $1.00 or more than $30.00. Transaction fee for cash advances for Gold and Platinum Visa is 3% of the amount advanced but not less than $2.00 or more than $30.00.
Over the credit limit fee for Classic,Variable,Gold,Platinum and Secured : $20.00;
Late Payment Fee for all Visa Cards: $25.00

Overdraft Rates

OverdraftAnnual Percentage RateOverdraft IncrementMethod of Computing the Balance for OverdraftsAnnual FeesTransaction Fee for Overdrafts
Overdraft Checking Line of Credit12.65%$1.00Daily Balance (including new overdrafts)NoneNone

These rates are in effect as of May 1, 2008