Rates

Loans

These rates are in effect as of Saturday, November 26, 2022.

Best Loan Rates Available when using MCU Car Buying Service
Vehicle Age
(Auto Model Year)
Maximum Terms (Months)APR* as low asMonthly Payment per $1,000 Borrowed***
Based on longest term
 Auto Purchase **
2016 or NewerUp to 603.04%$17.99
(Y+0)-(Y-8)>60 to 723.44%$15.40
(Y+0)-(Y-8)>72 to 843.84%$13.60
Auto Refinance
2016 or NewerUp to 603.29%$18.10
(Y+0)-(Y-8)>60 to 723.69%$15.51
(Y+0)-(Y-8)>72 to 844.09%$13.72
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*APR - Annual Percentage Rate. .50% Automatic payment discount applied to all APRs shown. Rates will increase by .50% if automatic payment enrollment is cancelled. Rates may be higher based on applicant's creditworthiness, auto model year, loan term, loan amount and method of repayment. Rates and terms are subject to change without notice. Lien placed on vehicle. Certain restrictions apply.

Minimum loan amount of $8,000 for terms up to 72 months. Minimum loan amount of $30,000 for 84 month term.

Late payment fee: $25.00.

MCU membership is required.

**For Auto Purchases: APR shown reflects both the .50% Automatic Payment discount and the .25% APR discount for purchasing through the MCU Car Buying Service provided by TRUECar®.

***Payment Examples: Assume excellent borrower history, a maximum LTV of 125% of MSRP or JD Power Retail Value, and maximum Loan Amount of $100,000.

MCU will only finance vehicles purchased from franchise car dealers or the following independent dealers; TRUECar® Certified Dealers, Enterprise Car Sales, Carvana®, CarMax® or Hertz Car Sales®.
Current Introductory Interest Rate – APR* Minimum LineMaximum Line
Home Equity Line Of Credit
2.99%$25,000$500,000
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* APR = Annual Percentage Rate. The introductory rate is 2.99% APR for 12 months with a maximum 80% Combined Loan-to-Value (CLTV). The initial annual percentage rate is “discounted” - it is not based on the rate and margin used for later rate adjustments. The initial rate will be in effect for the first year your credit line is open.

* The current variable APRs as of November 2022 range from 7.00% - 11.00%. The floor APR is 3.00%. HELOC closing costs are waived if, at closing, you take a minimum advance of $25,000 on line amounts below $250,000 and keep your line of credit open for at least three years, otherwise you will be required to reimburse MCU for certain fees paid to third parties. These fees can be as low as $135 for a $25,000 HELOC and as high as $1,000 for a $250,000 HELOC. Closing costs waiver does not include Recording fees and taxes for NYS properties. The 2.99% introductory rate and closing costs waiver offer is available until November 30, 2022.

THE ANNUAL PERCENTAGE RATE MAY VARY AND IS EQUAL TO THE HIGHEST PRIME RATE PUBLISHED IN THE WALL STREET JOURNAL ON OR BEFORE THE LAST DAY OF THE PRECEDING MONTHLY BILLING PERIOD PLUS A MARGIN BETWEEN 0% AND 4%.

HELOCs are secured by a mortgage on your primary residence. Co-ops and investment properties are not accepted. Property insurance is required. Flood insurance may be required if the property is in a flood zone. Certain restrictions may apply. Membership is required.

The Prime Rate as of November 26, 2022 is 7.00%. Rates may be higher based on applicant’s creditworthiness. The maximum Annual Percentage Rate that may be imposed is 6% above the initial interest rate at closing. Rates and terms are subject to change without notice. Other terms and conditions apply.View full disclosure.
Product TermRates
As Low As
APR*Monthly Payment
Fixed Home Equity
(Closed End)
10 Years6.250%6.251%$1,122.80
15 Year Term6.375%6.376%$1,129.13
20 Year Term6.500%6.501%$1,135.48
Product TermRates
As Low As
APR*Monthly Payment
Fixed Home Equity
(1st Lien)
10 Years5.500%5.501%$1,085.26
15 Years5.625%5.626%$1,091.47
20 Years5.750%5.751%$1,097.69
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*APR = Annual Percentage Rate.

Above APRs are based on loan amounts of $100,000. The APR is fixed for the loan term. The minimum amount that can be borrowed is $25,000 and the maximum amount is $500,000. For 10,15, and 20 year terms advertised rate, the maximum Loan-To-Value (LTV) is 80% with 1st Lien position required. For 10,15 and 20 year terms, the maximum Combined Loan-To-Value(CLTV) is 80% with 2nd Lien position.

THE ABOVE PAYMENT EXAMPLES DO NOT REFLECT AMOUNTS DUE FOR TAXES AND INSURANCE. YOUR ACTUAL MONTHLY PAYMENT OBLIGATIONS WILL BE HIGHER.

Home Equity accounts are secured by a mortgage on your primary residence. Property insurance is required. Flood insurance may be required if the property is in a flood zone. Rates may be higher based on applicant’s creditworthiness. Rates and terms are subject to change without notice. Certain restrictions may apply.

MCU will waive closing costs on loans up to $250k. Does not include Recording fees and taxes for NY properties. Closing costs are waived if you keep your loan open for at least three years, otherwise you will be required to reimburse MCU for certain fees paid to third parties. These fees can be as low as $135 for a $25,000 loan and as high as $1,000 for a $250,000 loan. The waiver of closing costs offer expires on November 30, 2022. Other rates and terms available. Membership is required.
Maximum Amount FinancedMaximum Terms (Months)Auto-Pay APR*Monthly Payment* per $1,000 Borrowed
*based on longest term
Personal Loan
$1,000 - $15,000607.95%$20.26
$15,001 - $50,000608.95%$20.74
$15,001 - $50,000729.75%$18.41
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*APR = Annual Percentage Rate. With approved credit and requires automatic transfer as the method of repayment. The APR for Personal loans will increase by .50% after consummation if automatic transfer from your MCU primary share (savings)/share draft (checking) account is cancelled or the transfer is unsuccessful for 3 consecutive payments. For example, if you choose a 60 month Personal loan, your payments will consist of 60 monthly payments of $20.26 on each $1,000 borrowed at 7.95% APR. The total cost estimate of a $10,000 loan at 7.95% APR repaid over 60 months is $2,153.12. The APR of 7.95% 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 72 months. APRs range from 7.95% to 15.45%. 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 Months2.99%$13.21
Shared Certificate Secured Loan
$50060 Months**APR is Share Certificate rate plus 3%

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

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*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 $17.96 on each $1,000 borrowed at 2.99% 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 Saturday, November 26, 2022.
Rates and terms are subject to change without notice.

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Routing Number: 226078036

NMLS #:184286

  • ncua Federally insured by NCUA. Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government Agency.