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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2008 - 7 Cars & Trucks |
4.50% |
60 Months |
No Money Down, Credit Restrictions Apply |
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2008 - 7 Cars & Trucks |
5.00% |
72 Months |
No Money Down, Credit Score = 660 or Higher or Cosigner Credit Score = 680 or Higher |
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2008 - 7 Cars & Trucks |
5.25% |
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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2006 Cars & Trucks |
5,50% |
60 Months |
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2005 - 2004 Cars & Trucks |
5.75% |
60 Months |
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2003 - 2002 |
6.00% |
54 Months |
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2001 and Older Cars & Trucks |
6.25% |
48 Months |
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2007 - 2005 Motorcycles |
7.00% |
60 Months |
5% Down Payment Required |
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2004 and Older Motorcycles |
7.50% |
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% |
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Home Improvement Loan ** |
11.90% |
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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15.00% $500 - $1500 36 Months Max. |
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16.00% $5000 Maximum Credit Limit |
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9.90% $10,000 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 3/26/08 and will become effective on 3/27/08. The trade area for Auto Loans is the State of Ohio.
