On-Line Application   |   Loan Rates   |   What's New   |   Home
 
 
Home Banking  
Home  
About Us  
Products & Services  
 
Financial Calculators  
Loan Calculator  
On-Line Application  
Member Benefits  
Request Information  
What's New  
Student Corner  
Privacy Statement  
Security Statement  
Disclosures  


Loan Rates

Rates effective October 1, 2008 

MONEY SALE THROUGH DECEMBER 31, 2008:

All loan rates listed will be reduced by 1/2%.*

 

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 is discounted 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.)  Call Fran at 1-586-773-9112 for more information. Currently, there is no minimum rate in effect.

Another Loan special:  For members that open a new  Platinum VISA Card, the rate will be 3.9% APR for the first 3 months of purchases.  After this time, the rate goes to 11.9% APR which is the regular rate.  Sign up Special ends 12-31-08.

 * Home equity loans, VISA, First mortgages and LOC loans do not quality for this special. 

** Rates and conditions can change monthly. 

Other Loans

Terms APR

NEW AUTOS: 2009 and 2008,  from 24 mos to 60 months.

Loans for 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.

 5.74% ** APR

USED AUTOS: 2008-07: Up to 60 mos.* (72 mos. on  2008 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.) 

 

 6.5% to 7.0% APR*** or less 
USED AUTOS: 2006-05 up to 60 mos.*  Our 1/4% rate reduction for automatic payments can be applied to this rate. 6.75 % to 7.25% APR *** or less

USED AUTOS: 2004   

8.0% APR

USED AUTOS: 2003-2002

For autos older than 2001, please call office for details.

10.0% APR

 

*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 2004 to 2009. *** These rates can be reduced  0.25% via automatic payments.
A down payment may be required on vehicle loans.
LINE OF CREDIT LOANS (REVOLVING CREDIT LOANS)  Payments are $3 per $100.   13.000% APR
Line of Credit for Overdraft Protection (Payments vary depending on limit.) 15.0% APR
Share Pledged Loans Up To 36 mos. 5.75% APR

Closed End Loans:                                               

12 Months   8.0% APR
13-36 Months    11.9% APR
37-60 Months 15.0% APR
 
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 11.9% APR

Click here to view VISA Disclosure Information

APR = Annual Percentage Rate

Rates are subject to change monthly. These rates are in effect October 1, 2008 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.

October 1, 2008


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