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Long Reach Federal Credit Union

Rates Effective June 1, 2014

 Share Secured*secured by certificate / 2% above CD rate

4.00% 
   
 New Vehicle  
     Up to 36 months 2.25% 
     Up to 48 months 3.25%
     Up to 60 months 3.50% 
     Up to 72 months 4.25% 
     Up to 84 months 5.75%
 *Factory, program considered new if mileage is 15,000 or less  
   
 Used Vehicle 14, 13, 12, 11  
      Up to 36 months  3.25%
      Up to 48 months  3.50%
      Up to 60 months  4.25%
      Up to 72 months  4.50%
      Up to 84 months  5.75% 
   
 Used Vehicle  10, 09, 08, 07  
      Up to 36 months 4.25% 
      Up to 48 months 4.50%
      Up to 60 months 5.25%
      Up to 72 months 5.50% 
      Up to 84 months 5.75%
   
 Used Vehicle 06 and below  
      Up to 12 months 6.25% 
      Up to 24 months 6.50%
      Up to 36 months 6.75% 
      Up to 48 months 7.00%
      Up to 60 months 7.25%
   
 New Recreational *Loan 100% of sticker price.  *Rates and terms are same as new vehicle rates.
   
 Used Recreational *Loan 100% of NADA book value. *Rates and terms are same as used vehicle rates.
   
 New Farm Equipment  *Maximum repayment 10 years. *Loan 100% of sticker price. 

 *Rates and terms are same as new vehicle rates.

   

 Used Farm Equipment *Maximum repayment 10 years. *Loan 100% of NADA book value.

 *Rates and terms are same as used vehicle rates.

      
 Long Reach MasterCard Credit Card  10.90%
   
 Demand 90 Day Note *Maximum Amount $1,000.00 9.90% 
   

 Signature Line of Credit Loan 15% of Gross Annual Income *Maximum Repayment 60 Months.**MAXIMUM AMOUNT $7,500.00

 
      Up to 12 months 9.25% 
      Up to 24 months 10.25% 
      Up to 36 months 11.25% 
      Up to 48 months 12.25% 
      Up to 60 months 13.25% 
   
Loan Consolidation *Maximum $10,000.00 Same terms & rates as Signature Line of Credit 
   
Personal Loan   15% of Gross Annual Income *Maximum Repayment 60 Months.**MAXIMUM AMOUNT $10,000.00 Same terms & rates as Signature Line of Credit 
   

 New Motor Home  *Maximum repayment 10 years. *Loan 100% of sticker price.

*Rates and terms are same as new vehicle rates.
   
 Used Motor Home  *Maximum repayment 10 years. *Loan 100% of NADA book value.  *Rates and terms are same as used vehicle rates.
   
 Home Improvement *Must have estimates. Maximum repayment 60 months. Max Amount $10,000.00 8.75%
   
 Education *Maximum per household: $15,000.00 *Over $15,000.00 must be collateralized *Proof of enrollment necessary. 5.00% 
   
 Antique Cars (20 years and older) 60 months  6.00%
   
 Mobile Homes  
 New - Maximum Repayment 15 years.   4.99%
 Not over 5 years - Maximum repayment 15 years.  5.99% 
 Over 5 years - Maximum repayment 15 years.  6.99%
Applies to Double-Wides(Manufactured Homes):  *We will loan up to 95% of the sticker price, if new, or NADA value, if the member owns the land.
*We will loan up to 90% of the sticker price, if new, or NADA value, if the member does not own the land.

**NO DOWN PAYMENT IS REQUIRED ON SINGLE-WIDE MOBILE HOMES.
 
   
Business Purpose Loan - *Maximum repayment 10 years. *Up to $50,000.00. 7.00%

  

 NOTE: Rates will be 2.00% higher on all loans if credit score is below 650. May receive 0.25% discount if loan payment is payroll deduction or autopay. Discount applies to all loans except: demand 90 day notes, mortgage loans, education loans, share/certificate secured loans, mastercards, business purpose loans and any loan specials offered.