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 6 options below valued at .25% each and receive up to 1.00% off your loan rate. Rates quoted below include the 1.00% discount. 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 MSCU Extended Warranty or Guaranteed Auto Protection
• 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
• Apply Online

 

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)
Year Models - 2003 and Newer	Up to 63 Months	4.79% - 13.75%	Up to 100%
Year Models - 2004 and Newer	64 to 66 Months	4.99% - 11.50%	Up to 100%
Year Models - 2005 and Newer	67 to 72 Months	5.29% - 9.79%	Up to 100%
Year Models - 2004 and Newer	73 to 78 Months	6.09% - 9.39%	Up to 100%
Year Models - 2007 and Newer	79 to 84 Months	6.59% - 8.84%	Up to 100%

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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)
Year Models - 2001 and Newer	85 to 120 Months	7.00% - 9.00%	Up to 100%
Year Models - 2001 and Newer	121 to 144 Months	7.50% - 9.25%	Up to 100%

*Please ask for the rate for which you qualify. Longer term financing limited to those meeting certain credit criteria.

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Credit Cards

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

All cards feature a 25-day 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.
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
9.00%	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 July 1, 2008.

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Share Secured

Rate	Term	Financing
2.50% over savings rate	60 Months	Based on available shares (plus interest)
4.00% over savings rate	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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