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Rates effective January 1, 2010
We offer 2 Home Equity Loan Plans:
Closed End Loan and Line of Credit Loans Are Now Available
Our Closed End Home Equity loan is a one-time advance loan. The current rate is 7.50%* APR. This is a fixed rate plan.
Line of Credit Loan: The rate is Prime Rate as listed in the Wall Street Journal Plus 1%*. The rate can be discounted up to 2% for the first 6 months. This is a variable rate plan and rates can change quarterly. (The rate is set on the 10th day before the end of the quarter.) The new minimum rate is 4% APR with a maximum annual percentage rate of 18%. Call Fran or Sue at 1-586-773-9112 for more information or current rates.
* Rates and conditions can change monthly.
(Home equity loans, VISA, First mortgages and LOC loans do not quality for the automatic transfer reduction.)
Other Loans
| Terms |
APR |
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NEW AUTOS: 2010 and 2009. All terms including 36 , 48 or 60 months are same rate: 5.99% APR. For 72-month loans, see information below.
Loans for New Autos that have a value greater than $30,000 can be given for 72 months @ 6.75% APR. Our 1/4% rate reduction can be used to reduce the rate if automatic payment is applied. There is no minimum loan amount. |
As low as 5.74% ** APR
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USED AUTOS: 2009-08: 36, 48 or 60 mos.* (72 mos. on 2009 autos that have values over $30,000 at 7.75% APR. Our 1/4% rate reduction for automatic payments can be applied to this rate and reduce it to 7.50% APR.)
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6.5% to 7.0% APR*** or less |
| USED AUTOS: 2007-06: 36, 48, or 60 mos.* Our 1/4% rate reduction for automatic payments can be applied to this rate. |
6.75 % to 7.25% APR *** or less |
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USED AUTOS: 2005 |
8.0% APR |
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USED AUTOS: 2004-2003
For autos older than 2002, please call office for details. |
10.0% APR
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| *Length of loan is at the discretion of Credit Committee. Full coverage insurance must be maintained on all motorized items purchased with funds from the credit union or used as collateral at the credit union. ** This rate includes 0.25% reduction if loan payment is automatically deducted from your account. This reduction can be used for all autos model years 2006 to 2010. *** These rates can be reduced 0.25% via automatic payments. |
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A down payment may be required on vehicle loans. |
| LINE OF CREDIT LOANS (REVOLVING CREDIT LOANS) Payments are $3 per $100. |
13% APR
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| Line of Credit for Overdraft Protection (Payments vary depending on limit.) |
15% APR |
| Share Pledged Loans Up To 36 mos. |
5.75% APR |
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| Closed End Loans: |
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| Up to 36 Months |
11.9% APR |
| 37-60 Months |
15.0% APR |
| Look for our periodic loan specials. |
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| Home Improvement Loans: up to 5 years |
12.50% APR |
| Home Improvement Loans: 61 months to 7 years |
13.00% APR |
| VISA Platinum Credit Card: no annual fee, no charge for cash advance |
13.9% APR |
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Click here to view VISA Disclosure Information |
APR = Annual Percentage Rate
Rates are subject to change monthly. These rates are in effect January 1, 2010 until further notice.
Loans for the following are also given by the credit union: motorcycles, snowmobiles, ATVs, personal watercrafts, motor homes, trailers and campers. Please call the credit union for rates and terms. All loans, excluding home equity and VISA, include loan protection insurance up to $20,000 at no additional cost to eligible members. Credit Disability can be purchased by eligible members.
Notice: ARC Credit Union is not responsible for the content of any third party Web site or the privacy practices of such third parties. In addition, a link from our Web site to another Web site does not indicate that ARC Credit Union endorses the services or policies of such third party Web site. You should always investigate the information practices of all Web sites that you access and carefully examine the privacy policies, if any, of the Web sites appearing on or linking to or from our Web site. Information collected from the linked Web sites will be subject to the information practices of those Web sites.
January 4, 2010
ARC Credit Union
18720 Thirteen Mile Road
Roseville, Michigan
48066
586-773-9112
Fax: 586-773-6261
arcmain@earthlink.net
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