ARC Credit Union: Loan Rates


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Rates effective July 21, 2010

Loan Special for autos 2010 to 2007: 4.99% APR

Reduce this rate 1/4% by using automatic payment transfer. If you have a 10% down payment, your rate will be reduced by another 1/4% . The rate will then be 4.49% APR using both of these options.

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 and is based on a 2nd lien on the home. For 1st liens, interest rate changes weekly. Call for info.

Line of Credit Loan: The rate is Prime Rate as listed in the Wall Street Journal Plus 1%*. 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 interest rate reduction.)

Other Loans

Terms	APR
NEW AUTOS: 2010 through 2007 up to 60 months Rate can be reduced 1/4% by having a 10% down payment. Automatic payment transfer can reduce the rate by another 1/4% Loans for New Autos that have a value greater than $30,000 can be given for 72 months @ 5.99% APR.	As low as 4.49% ** APR
USED AUTOS: 2006-2003	5.99% APR


USED AUTOS: For autos older than 2002, please call office for details.
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 and you have a 10% down payment. This reduction can be used for all autos model years 2010 to 2007. Discount is lost if more than 5 days late.
A down payment may be required on vehicle loans.
*LINE OF CREDIT LOANS* (REVOLVING CREDIT LOANS) Payments are $3 per $100.	13% APR
Line of Credit for Overdraft Protection (Payments vary depending on limit.)	15% APR
Share Pledged Loans Up To 36 mos.	5.75% APR

*Closed End Loans: 12-Month signature LOAN SPECIAL: 8.9% APR*
Up to 36 Months	11.9% APR
37-60 Months	15.0% APR
Look for our periodic loan specials.
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
Click here to view VISA Disclosure Information

APR = Annual Percentage Rate

Rates are subject to change monthly. These rates are in effect July 21, 2010 thru September 30, 2010. 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.

August 6, 2010

ARC Credit Union
18720 Thirteen Mile Road
Roseville, Michigan 48066
586-773-9112
Fax: 586-773-6261
arcmain@earthlink.net