RATES

OUR LOAN RATES

RISK BASED LOANS

Our Risk Based Loan Policy rewards our members who maintain good credit ratings by providing excellent loan rates. At the same time it recognizes the risk of providing loans to individuals who have less than stellar credit and requires higher interest rates based on lower credit categories. We have established five (5) credit categories or “grades” with correspondingly higher interest rates as the members’ credit score declines. This pricing arrangement has been implemented by most financial institutions because it more accurately reflects the risks of lending. Financial Counseling is available for those who wish to improve their credit score.

Rates will be established based on your individual credit rating at the time the loan is requested. Any questions should be directed to the Credit Union at 203.227.8511

NEW/USED VEHICLE OR SHARE SECURED LOAN RATES*

Electric Vehicle Loans – Take 1% off our normal auto loan rates, for any Plug-In EV loan – Includes bikes & motorcycles up to 100% of value.
Enterprise Car Sales – As low as 1.99% for 3 years.

Credit
Score
Grade 36
MONTHS
48
MONTHS
60
MONTHS
72
MONTHS
(New Car Only
over $20,000)
 700+  A  2.99%  3.49%  3.79%  4.79%
640-699  B  3.49%  3.99%  4.29%  5.29%
 600-639  C  4.49%  4.99%  5.29%  6.29%
 550-599  D  7.99%  8.49%  8.79%  9.79%
 Below 550  E  9.99%  10.49%  10.79%  11.79%

PERSONAL / UNSECURED LOANS

Loans under $5,000, max term is 3 years.
Loans from $5,001 to $7,500, max term is 4 years.
Loans over $7,501 to $25,000, max term is 5 years.

A Credit Members can receive $10,000 individual or $25,000 with a cosigner.
B Credit Members can receive $10,000 individual or $20,000 with a cosigner.
C-E Credit Members can receive $7500 individual or $15,000 with a cosigner.

PERSONAL LOAN RATES*

Green Signature Loans – Take 2% off our normal personal loan rates, for any home improvement project that involves energy efficient material such as solar power, thermal windows, insulation or energy efficient appliances for your home! (up to $25,000).

Credit
Score
Grade 12
MONTHS
24
MONTHS
36
MONTHS
48-60
MONTHS
 700+  A 7.90% 8.90% 9.90% 10.90%
640-699  B 8.40% 9.40% 10.40% 11.40%
 600-639  C 9.40% 10.40% 11.40% 12.40%
 550-599  D 12.90% 13.90% 14.90% 15.90%
 Below 550  E 14.90% 15.90% 16.90% 17.90%

CREDIT LINE MORTGAGES AND OTHER LOANS*

For Home Equity Lines of Credit, please see “Better UR Rate HELOC”.
Share Draft Line of Credit
15.0%
Overdraft protection

* Loan Rates Are Subject to Change Without Notice

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