ARC Credit Union: Loan Rates


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Loan Special for autos 2012 through 2008 models: 3.99% apr*

* Our regular rate of 4.49% apr has been reduced by 1/4% for automatic payment transfers and another 1/4% allowing for a 10% down payment.

We have placed a moratorium on all mortgage and home equity loans.

Below is the information we used when granting real estate loans:

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.

Home Equity Line of Credit Loan (HELOC): 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.) For new loans, minimum rate is 6% APR with a maximum annual percentage rate of 18%. Call Fran or Sue at 1-586-773-9112 for more information on when we will start doing real estate loans again.

* 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 or USED AUTOS: 2012 through 2008 up to 60 months 3.99% APR* * Our regular rate of 4.49% apr has been reduced 1/4% by having a 10% down payment and automatic payment transfers. By using both options, the rate is reduced to 3.99% APR. Without these options, rate remains at 4.49% APR for models quoted. Loans for Autos with a value of $30,000 or more can have terms of 72 months @ 4.99% APR assuming 10% down payment and automatic payments. Regular rate is 5.49% APR. Here is a payment example: The loan payment for a $20,000 loan at 4.99% APR for 72 months is $334.65 with credit disability.	As low as 3.99% apr
USED AUTOS: 2007-2004	5.99% APR

USED AUTOS: For autos 2003 and older, 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. Rate reduction can be used for auto model years 2011 to 2008. Discount of 0.25% 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
Holiday loan special: 12-month loans at 9.9% APR till January 31, 2012.
Up to 36 Months	11.9% APR
37-60 Months	15.0% APR
Look for our periodic loan specials. See above.
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 December 23, 2011. 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. Member Pay Credit Life Insurance and Member Credit Disability Insurance 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.

December 22, 2011

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