Loan Rates
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Loan Rates |
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Not for Profit ... Not for Charity ... But for Service |
Car, Truck & Motorcycle Loans
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Model Year |
Interest Rate |
Term |
Notes |
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2010 - 09 Cars & Trucks |
4.50% |
60 Months |
No Money Down, Credit Restrictions Apply |
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2010 - 9 Cars & Trucks |
5.00% |
61 - 72 Months |
No Money Down, Credit Score = 660 or Higher or Cosigner Credit Score = 680 or Higher |
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2010 – 9 Cars & Trucks |
5.75% |
84 Months |
Credit Score = 750 or Higher, at least 3 years on the job, income to debt ratio of 40% or less for a purchase of $35,000. |
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2008 Cars & Trucks |
4.75% |
60 Months |
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2007 – 2006 Cars & Trucks |
5.00% |
60 Months |
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2005 – 2004 |
5.25% |
54 Months |
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2002 and Older Cars & Trucks |
5.50% |
48 Months |
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2010 - 2009 Motorcycles |
6.50% |
60 Months |
5% Down Payment Required |
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2008 and Older Motorcycles |
6.75% |
48 Months |
10% Down Payment Required |
Fixed Rate Second Mortgages
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5.50% |
60 to 84 Months |
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6.00% |
84 - 108 Months |
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6.00% |
108 - 180 Months |
Other Real Estate
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Home Equity Line of Credit |
Prime Minus 0.25% |
There is a fee of $435.00 for each closed-end mortgage loan to cover the cost of the appraisal, lien search, mortgage document, etc. There is a fee of $471.00 for each open-end mortgage loan to cover the cost of the appraisal, lien search, mortgage document, etc. Other fees which the credit union incurs could increase the cost to the member. A 10 year re-write is required on all first and second mortgage loans with an amortization greater than 10 years.
** Home Improvement Loans may either be Unsecured or Real Esatate Secured
Other Loan Rates
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2.50% above the share rate. Maximum maturity is 60 Months. |
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2.50% above the share rate. Maximum maturity is 60 Months. Certificate continues to roll. |
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11.00% $500 - $1,500 36 Months Max. |
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3.00% $500 - $10,000 Falls Catholic Credit Union will make tuition loans to the parents of the students of parochial schools in Summit County, Ohio. The proceeds check must be made out to the school |
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16.00% $5000 Maximum Credit Limit |
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9.90% $20,000 Maximum Credit Limit |
Falls Catholic Credit Union does not presently finance recreational vehicles, boats, farm equipment, lawn mower tractors or livestock. All loans include a late charge after 10 days of the greater of 5% of the payment or $5. Loan rates are tiered according to individual credit qualifications. This loan rate schedule was approved by the Board of Directors 06/30/2010 and will become effective on 07/01/2010. The trade area for Auto Loans is the State of Ohio.
