Rates

Loans

These rates are in effect as of Thursday, December 5, 2019.

Loan Types(Auto Model Year)Maximum Amount FinancedMaximum Terms (Months)Auto-Pay APR*Monthly Payment per $1,000 Borrowed
New  (Best loan rates available when using the MCU Car Buying Service)
2019 - 2018125%482.09%$21.74
2019 - 2018125%603.09%$18.02
2019 - 2018125%663.45%$16.66
2019 - 2018125%723.45%$15.40
Pre Owned  (Best loan rates available when using the MCU Car Buying Service )
2017125%602.95%$17.95
2017125%663.65%$16.75
2017125%723.75%$15.54
2016125%603.55%$18.22
2016125%663.75%$16.80
2016125%723.75%$15.54
2015125%603.65%$18.27
2015125%663.95%$16.89
2015125%724.15%$15.72
2014125%603.85%$18.36
2013125%604.05%$18.45
Auto Refinance **
2019 - 2018125%723.45%$15.40
2017125%723.75%$15.54
2016125%603.55%$18.22
2015125%603.65%$18.27
Apply Now
* APR = Annual Percentage Rate. With approved credit and requires direct deposit or automatic payroll deduction as the method of repayment. Best rates available when using MCU Car Buying Service (.50% APR discount) and Auto-Pay (.50% APR discount) when direct deposit or automatic payroll deduction is utilized as the method of repayment. Discounts are reflected in the rates. The APR for auto loans will increase by .50% after consummation if automatic payroll deduction or direct deposit is cancelled. Rates may be higher based on applicant's creditworthiness, auto model year, loan term and method of repayment. Rates and terms are subject to change without notice. Certain restrictions may apply.

MCU only finances vehicles purchased from a car dealer. Automobile financing is only available to MCU members residing in NY, NJ, CT or PA. We do not offer financing for private sales or individual sales.

For example, if you choose a 60 month auto loan for a new car (2019-2018), your payments will consist of 60 monthly payments of $17.57 on each $1,000 borrowed at 2.09% APR.

Late payment fee: $25.00. Membership is required.

** APR = Annual Percentage Rate. With approved credit and requires direct deposit or automatic payroll deduction as the method of repayment. The APR for auto refinances will increase by .50% after consummation if automatic payroll deduction or direct deposit is cancelled. Rates may be higher based on applicant's creditworthiness, auto model year, loan term and method of repayment. Auto loan must be refinanced from another financial institution. Rates and terms are subject to change without notice. Certain restrictions may apply.

For example, if you choose a 60 month auto refinance for a car from model year 2015, your payments will consist of 60 monthly payments of $18.04 on each $1,000 borrowed at 3.15% APR.

Late payment fee: $25.00. Membership is required.
Maximum Amount FinancedMaximum Terms (Months)Auto-Pay APR*Monthly Payment per $1,000 Borrowed
Unsecured Loan
$1,000 - $15,000607.95%$20.27
$15,001 - $50,000608.95%$20.75
$15,001 - $50,000729.55%$18.31
Apply Now
*APR = Annual Percentage Rate. With approved credit and requires direct deposit or automatic payroll deduction as the method of repayment. The APR for unsecured loans will increase by 2% after consummation if automatic payroll deduction or direct deposit is cancelled. For example, if you choose a 60 month unsecured loan, your payments will consist of 60 monthly payments of $19.33 on each $1,000 borrowed at 5.95% APR. The total cost estimate of a $10,000 loan at 5.95% APR repaid over 60 months is $1,589.12. The APR of 5.95% is available for loan amounts up to $15,000 – higher rates apply for loan amounts over $15,000. Rates may be higher based on your creditworthiness. Repayment terms range from 12 months to 84 months. APRs range from 5.95% to 7.55%. Late payment fee of $25.00. Certain restrictions apply. Rates and terms are subject to change without notice. Membership is required.
Minimum Amount FinancedMaximum Terms (Months)APR*Monthly Payment per $1,000 Borrowed
Share Secured Loan
$50084 Months3.50%$13.45
Shared Certificate Secured Loan
$50060 Months**APR is Share Certificate rate plus 3%$18.27

To Apply for an MCU Share Secured or Share Certificate Secured Loan, visit your nearest MCU Branch.

Find a Branch
*APR = Annual Percentage Rate. With approved credit.

For example, if you choose a 60 month share secured loan, your payments will consist of 60 monthly payments of $18.20 on each $1,000 borrowed at 3.50% APR.

If you choose a 60 month share certificate secured loan, your payments will consist of 60 monthly payments of $18.27 on each $1,000 borrowed at 3.65% APR.

Rates may be higher based on your creditworthiness and loan term. Late payment fee of $25.00. Certain restrictions apply. Rates and terms are subject to change without notice. Membership is required.

** The term for share certificate secured loans is equal to the share certificate maturity.
APR *Method of Computing the Balance for OverdraftsAnnual Fees
Overdraft Checking Line of Credit
17.90%Daily Balance (including new transactions)None

* APR = Annual Percentage Rate

These rates are in effect as of Thursday, December 5, 2019.
Rates and terms are subject to change without notice.

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