Loan Rates

Back at the turn of the 20th century, people saved money to buy cars, homes and more. Now, we have the luxury of loans to get us what we need.

Reward Yourself with up to 1.00% off your Auto, Boat, Recreational Vehicle or Personal Loan.

Choose 1 to 4 of the 5 options below valued at .25% each and receive up to 1.00% off your loan rate. Please ask for the rate for which you qualify. Rates subject to increase with cancellation of any of the options below.

• Add Payment Protection to your loan
• Purchase an extended warranty from MSCU
• Set up an automatic payment transfer from your active MSCU checking account
• Instant reduction if you have an active MSCU credit card
• Make a 10% down payment

 

New & Used - Automobiles/Motorcycles/4-Wheelers/Jet Skis/Boats/ Recreational Vehicles*

Loan Type	Term	Rate (APR)	Financing - Purchase Price or NADA Retail (whichever is less) plus T, T&L.
Year Models - 2003 and Newer	Up to 36 Months	3.50% - 13.50%	Up to 100%
Year Models - 2005 and Newer	37 to 48 Months	3.50% - 14.00%	Up to 100%
Year Models - 2007 and Newer	49 to 60 Months	3.50% - 11.25%	Up to 100%
Year Models - 2009 and Newer	61 to 72 Months	4.25% - 9.00%	Up to 100% - $15,000 Minimum

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Longer Term Financing For New & Used - Boats/Recreational Vehicles*

Loan Type	Term	Rate (APR)	Financing - Purchase Price or NADA Retail (whichever is less) plus T, T&L
Year Models - 2005 and Newer	Up to 84 Months	6.00% - 7.50%	Up to 100%
Year Models - 2007 and Newer	85-120 Months	6.50% - 8.00%	Up to 100%
Year Models 2009 and Newer	121 to 144 Months	7.00%-8.50%	up to 100%

 

*Please ask for the rate for which you qualify. Longer term financing limited to those meeting certain credit criteria. Minimum of $25,000.

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Credit Cards

Card Type	Rate
Platinum Visa	8.99%
VISA Gold	12.90%
VISA Classic	13.90%

All cards feature a grace period on purchases. No annual fees.

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Computer, Appliances, Furniture

Rate	Term	Financing
10.00%	Up to 36 Months	100% of purchase price ($500 minimum)

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Home Improvement / Home Equity

Rate	Term	Financing
5.99%	Up to 60 Months	Minimum of $5,000; Maximum of $100,000. Loan amount is based on value of home, amount of equity, etc. Contact the loan department for details at 713.627.4000, option 2.
6.99%	61 to 120 Months
7.49%	121 to 180 Months

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Home Equity Line of Credit

Variable rate based on Prime + 1% - 4% depending on individual creditworthiness. Introductory rates for the first six months as low as prime as published in the Wall Street Journal.

Personal Loan

Rate	Term	Financing
As low as 8.50%	Up to 60 Months	Up to $20,000

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Line-of-Credit

Loan Rate	Term	Financing
As low as 15.00%	Up to 60 Months	Up to $20,000

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Prime Plus Line-of-Credit*

Rate	Term	Financing
8.75%	Up to 60 Months	Up to $20,000

*Rate calculated at 4% above the Prime Rate as published in the Wall Street Journal effective the last day of each quarter. Rate is subject to change without notice. Any rate change will occur on the first day of each quarter. Rate shown is based on the prime rate as of September 1, 2009.

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Share Secured

Rate	Term	Financing
3.00% over savings rate	60 Months	Based on available shares (plus interest)
5.00% over savings rate	61-120 Months	Based on available shares (plus interest)

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Term Share Certificate Secured

Rate	Term	Financing
2.50% over certificate rate	Equal to certificate term	Based on certificate amount (plus interest)

Credit Life and Disability Insurance are available on all MemberSource loans except for one-time payback loans.

All rates and terms are subject to approval and are subject to change without prior notice.

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