Loan Rates
Effective Tuesday, March 25, 2025
2015-2025 Model Years Automobile & Truck Loan
| Terms | APR (Rates* as low as) | Minimum Loan Balance |
|---|---|---|
| 36 Months | ||
| 48 Months | ||
| 60 Months | ||
| 72 Months | ||
| 84 Months | ||
| 96 Months |
*APR= Annual Percentage Rate. *Rates are “as low as” are based on applicant’s credit score and model year of vehicle. Other account requirements and conditions may apply. Rates are subject to change at any time. All loans are subject to approval and membership eligibility. For a $20,000 new car loan for a term of 60 months with a 5.00% APR, the monthly payment will be $377.42
2011-2025 Motorcycles, Boats, Motor Homes & Other Recreational
| Terms | ||
|---|---|---|
| 48 Months | ||
| Limited time Boat Loan Offer – up to 60 Months | ||
| 60 Months | ||
| 72 Months | ||
| 84 Months | ||
| 120 Months |
Boat Loan Disclosure:
*APR = Annual Percentage Rate. Michigan United Credit Union’s Boat Loan promotion is only available Friday, March 14, 2025, to Wednesday, April 30, 2025. To receive the promotional rate, applicants must apply between 12:00 p.m. on Friday, March 14, 2025, to 11:59 p.m. on Wednesday, April 30, 2025. Rates as low as are based on applicant’s credit score and model year of the boat. Other account requirements and conditions may apply. Rates are subject to change at any time. All loans are subject to approval and membership eligibility. For a $35,000 new boat loan for a term of 48 months with a 5.99% APR, the monthly payment will be $821.82. Michigan United CU reserves the right to withdraw this offer at any time. New money only.
**Michigan United Credit Union is offering the option to take advantage of no payments for the first 90 days after the closing of the loan. No payments for 90 days is only available for the Boat Loan Promotion. Interest will begin to accrue on the date the loan is funded. The first payment after the 90 days no payment period will first be applied to the interest accrued from the date the loan was funded through to the first payment date and then applied to the principal due.
Used Vehicles 2014 & Older
| Terms | ||
|---|---|---|
| 36 Months | ||
| 48 Months | ||
| 60 Months |
*APR= Annual Percentage Rate. *Rates are “as low as” are based on applicant’s credit score and model year of vehicle. Other account requirements and conditions may apply. Rates are subject to change at any time. All loans are subject to approval and membership eligibility. For a $4,500 used vehicle loan for a term of 36 months with a 6.75% APR, the monthly payment will be $138.43.
Unsecured - Closed End
| Terms | ||
|---|---|---|
| 36 Months | ||
| 48 Months | ||
| 60 Months |
*APR= Annual Percentage Rate. *Rates are “as low as” are based on applicant’s credit score and model year of vehicle. Other account requirements and conditions may apply. Rates are subject to change at any time. All loans are subject to approval and membership eligibility. For a $7,500 unsecured closed end loan for a term of 48 months with a 9.00% APR, the monthly payment will be $186.64.
Premium Line of Credit
Get Peace of Mind and Protection from NSF’s.
| Loan Type | ||
|---|---|---|
| Premium Line of Credit |
*APR= Annual Percentage Rate. *Rates are “as low as” are based on applicant’s credit score. Other account requirements and conditions may apply. Rates are subject to change at any time. All loans are subject to approval and membership eligibility.
Home Equity Loan
Fixed Rates. Terms up to 180 months.
| Terms | ||
|---|---|---|
| Home Equity Fixed Rate 1 – 60 Months | ||
| Home Equity Fixed Rate 61 – 120 Months | ||
| Home Equity Fixed Rate 121 – 180 Months |
| Terms | |
|---|---|
| 5×5 Adjustable (30 yr ARM – primary home) |
*Rates are Annual Percentage Rates. Rates subject to change without notice. The APR is the credit unions standard rate. The rate may vary depending on each individual’s credit history and underwriting factors. All loans are subject to approval and membership eligibility
| Terms | |
|---|---|
| HELOC |
*Annual Percentage Rate (APR) is based on applicant’s credit history. Prime Rate is equal to 7.50%. The variable rate which is based on the Prime Rate as published in the Money Rates Section of The Wall Street Journal in effect on the last day of each calendar quarter of each year (“Index”) plus a “Margin”. The Index plus the Margin equals the Interest Rate. Changes in the Index will cause changes in the Interest Rate on the first day of each calendar quarter of each year. Increases or decreases in the Interest Rate will result in like increases or decreases in the Finance Charge and may affect the amount of your scheduled payments during the Draw and Repayments Periods. Your Interest Rate cannot increase or decrease by more than 2.00 percentage points each year and will never be less than 3.00% nor greater than18.00% and will apply to the remaining principal balance. If the index becomes unavailable, we may select another Index and Margin which would result in a substantially similar Interest Rate. Maximum LTV is 80%. Membership eligibility required.