Rates

Loan Rates Fee Schedule Share Rates Calculators

Effective as of: January 1, 2017 and are subject to change
Auto Loan Rates
2016 and Newer2.24% APR72 Months
(72 monthly payments of $14.86 per $1,000.00 borrowed)
2014 - 20152.39% APR60 Months
(60 monthly payments of $17.70 per $1,000.00 borrowed)
2012 - 20132.49% APR48 Months
(48 monthly payments of $21.92 per $1,000.00 borrowed)
2008 - 20112.99% APR48 Months
(48 monthly payments of $22.14 per $1,000.00 borrowed)
2007 and older5.99% APR36 Months
(36 monthly payments of $30.42 per $1,000.00 borrowed)
ALL RATES SUBJECT TO CREDIT APPROVAL
The Annual Percentage Rates will vary depending on the loan length, credit score, and collateral value. Please contact the Lending Department for further information
Visa Credit Cards
VISA Classic11.90% APR*
Classic (up to $5,000)
VISA Gold9.90% APR*
Gold ($5,000 to $10,000)
*Certain conditions, restrictions, and exclusions may apply. Full Details are available or contact MCCU for more information.
Personal Loans
24 Month 7.50% APR
(24 monthly payments of $45.01 per $1,000.00 borrowed)
36 Month8.00% APR
(36 monthly payments of $31.35 per $1,000.00 borrowed)
48 Month8.50% APR
(48 monthly payments of $24.66 per $1,000.00 borrowed)
Loans are available to members for almost any worthwhile purpose, including vacations, bill consolidation, appliances, home improvements, and more. The credit union has loan terms and rates to suit your financial needs.
Single Pay Notes
Single Pay Notes require NO payment until maturity, and are available on a secured or unsecured basis. Single Pay Notes can also be used for almost any worthwhile purpose.
5.00% APR
One time renewal up to six months
Closed End Home Equity Loan
60 months3.50% APR
(60 monthly payments of $18.20 per $1,000.00 borrowed)
72 months4.25% APR
(72 monthly payments of $15.77 per $1,000.00 borrowed)
84 months4.50% APR
(84 monthly payments of $13.91 per $1,000.00 borrowed)
The payments do not include amounts for taxes and insurance premiums.
Rate thru December 31, 2017
Contact the Lending Department for more information
Minimum Loan amount of $10,000.00
Annual percentage rate may vary quarterly.
Home Equity Line of Credit
4.50% APR
Rate adjusted Quarterly, 52 week T-Bill rate based on 3rd auction of month plus 4%. The annual percentage rate will not go above 16.50% APR. All closing costs are paid by the credit union.
Home Equities are available for properties in the State of Illinois only.
To qualify, your potential line of credit must be a minimum of $10,000, and it can be as high as 100% of the appraised value of your home (minus your first mortgage balance). The minimum credit advance that you can receive is $5,000 for the first advance and $500 for each subsequent advance.
You must carry Home Owners Insurance on the property that secures this plan.
Consult a tax advisor regarding the deductibility of interest.
Your payment will never be less than the smaller of $100, or the full amount you owe.
The payoff period is shown in the following table:
Range of Balances Payoff Period
* Up to $10,000 60 Monthly Payments
* $10,000.01-$25,000 120 Monthly Payments
* $25,000.01 and above 180 Monthly Payments
The maximum amount by which the annual percentage rate can be changed quarterly is 2.0%. The maximum amount by which the annual percentage rate can be changed is 5.0%. The maximum ANNUAL PERCENTAGE RATE that can apply is 16.5% or the maximum permitted by law, whichever is less. However, under no circumstances will your ANNUAL PERCENTAGE RATE go below 4.0% at any time durning the term of the plan.
Rate is effective thru December 31, 2017
SHARE SECURED LOANS
Loans secured by Shares add 2.00% to current paying rate
Loans secured by a Share Certificate add 2.00% to earning rate
 
As a qualified borrower at the credit union, you can purchase low-cost Credit Life and Disability insurance for all qualifying loans.
All rates subject to credit approval. All rates stated as APR.