Loan Rates

Effective Saturday, July 27, 2024

2014-2024 Model Years Automobile & Truck Loan

Terms	APR (Rates as low as)*	Minimum Loan Balance
36 Months	5.50%	Minimum Loan Amount $4,500
48 Months	5.65%	Minimum Loan Amount $4,500
60 Months	5.65%	Minimum Loan Amount $4,500
72 Months	6.25%	Minimum Loan Amount $15,000
84 Months	6.50%	Minimum Loan Amount $35,000
96 Months	6.75%	Minimum Loan Amount $50,000

*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 5.65% APR, the monthly payment will be $383.41.

2010-2024 Motorcycles, Boats, Motor Homes & Other Recreational

Terms	APR (Rates as low as)*	Minimum Loan Balance
48 Months	7.25%	Minimum Loan Amount $4,500
60 Months	7.50%	Minimum Loan Amount $4,500
72 Months	7.75%	Minimum Loan Amount $20,000
84 Months	8.00%	Minimum Loan Amount $35,000
120 Months	8.25%	Minimum Loan Amount $50,000

*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 $35,000 new boat/RV loan for a term of 84 months with a 8.00% APR, the monthly payment will be $545.52

Used Vehicles 2013 & Older

Terms	APR (Rates as low as)*	Minimum Loan Balance
36 Months	9.50%	Minimum Loan Amount $4,500
48 Months	9.75%	Minimum Loan Amount $4,500
60 Months	10.00%	Minimum Loan Amount $4,500

*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 9.50% APR, the monthly payment will be $144.15.

Summer Break Loan

Terms	APR (Rates as low as)*	Maximum Loan Balance
36 Months	8.99%	$5,000 Max
60 Months	9.99%	$10,000 Max

*Annual Percentage Rate (APR) is determined at time of application based on individual credit experience. Minimum credit rating required to qualify for this loan. Approximate monthly payment would be $31.80 per $1,000 borrowed at 8.99% for 36 months. Approximate monthly payment would be $21.24 per $1,000 borrowed at 9.99% for 60 months. Actual term will vary based on loan amount borrowed. Michigan United Credit Union is offering the option to take advantage of no payments for the first 60 days after the closing of the loan. No payments for 60 days is only available for the Summer Break Loan promotion. Interest will begin to accrue on the date the loan is funded. The first payment after the 60-day 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. Limited time offer subject to change without notice. This promotion ends on September 30th.

Unsecured - Closed End

Terms	APR (Rates as low as)*	Maximum Loan Balance
36 Months	9.50%	$25,000 Max
48 Months	9.75%	$25,000 Max
60 Months	10.00%	$25,000 Max

*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 9.75% APR, the monthly payment will be $189.32.

Premium Line of Credit

Get Peace of Mind and Protection from NSF’s.

Loan Type	APR (Rates as low as)*	Minimum Loan Balance
Premium Line of Credit	12.99%	Minimum Amount $200

*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	APR (Rates as low as)*	Fixed Minimum Loan Balance
Home Equity Fixed Rate 1 – 60 Months	5.99%	$10,000 up to 80% LTV
Home Equity Fixed Rate 61 – 120 Months	6.99%	$10,000 up to 80% LTV
Home Equity Fixed Rate 121 – 180 Months	7.49%	$10,000 up to 80% LTV

Terms	APR (Rates as low as)*
5×5 Adjustable (30 yr ARM – primary home)	8.25%

*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	APR (Rates as low as)*
HELOC	Prime Minus .25%

*Annual Percentage Rate (APR) is based on applicant’s credit history. Prime Rate is equal to 8.50%. 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.