Loans


Vehicle Loans

Product Term APR Comments
New Vehicles Up to 60 months as low as 1.99% Up to 100% financing
New Vehicles 61-72 months as low as 3.99% $30,000 minimum; up to 100% financing of MSRP
Used Vehicles 2008 or newer up to 60 months as low as 2.49% up to 100% financing of NADA retail value
Used Vehicles 2006 to 2007 Up to 48 months as low as 7.49% up to 100% financing of NADA retail value
New Motorcycle Up to 60 months as low as 6.99% up to 90% of MSRP
Used Motorcycle 2010-2011 Up to 60 months As low as 7.49% up to 90% of NADA clean retail value. Last 2 model years only.
New Recreational Vehicles/Boats up to 120 months as low as 7.99% up to 90% financing
Used Recreational Vehicles/Boats 2006 or newer up to 60 months as low as 9.24% up to 90% financing of NADA value. Last 5 model years only.

Preferred Educator Loans

Product Term APR
Preferred School Employee Loan up to 12 months as low as 8.00%2
Preferred School Employee
New Vehicle Loan		 up to 60 months 1 as low as 1.99%
Preferred School Employee First Time New Vehicle  61-72 months  as low as 3.99%3
 Preferred School Employee Used Vehicle 2008 or newer  up to 60 months  as low as 2.49%

Mortgages

Click here for the latest mortgage rates.

Home Equity Loans

Product Term APR Comments
Equity Flex Loan  up to 60 months  as low as 6.99% up to 75% financing up to $200,000
Equity Flex Loan  61 – 120 months  as low as 7.49%  up to 75% financing up to $200,000
Equity Flex Loan  121- 180 months  as low as 7.99%  up to 75% financing up to $200,000

Home Equity Line of Credit

Product APR Comments
Equity Option HELOC — Intro Rate Option, 4.99% Intro Rate†† As low as Prime -0.50%, 4.99%4 Up to 75% financing, up to $200,000 , member pays closing cost
Equity Preferred HELOC — 4.99% Intro Rate†† As low as Prime -0.75%, 4.99%4 Up to 75% financing, member pays closing cost

Visa Credit Cards

Product APR Limits Comments
Visa Platinum As low as Prime + 8% Up to $20,000 No balance transfer fee
Secured Visa 18.00% Up to $5,000 Secured by a share account
Student Visa 13.90% Up to $500


Line of Credit Loans

Product    APR
Line of Credit   As low as Prime + 5.50%, 8.75%4  

Personal Loans
Product Term APR
Education/computer loan up to 60 months as low as 8.00% APR
Signature loan up to 60 months as low as 11.00% APR


Secured Loans

Product APR
Share Pledged Loans 3.00% above regular savings rate (variable)
Certificate Pledged Loans 3.00% above certificate rate
APR – Annual Percentage Rate
LTV – Loan to Value
1 Other terms are available for the Preferred Teacher First Time Vehicle Loan.
2 Only one loan per year, per member. Loan maximum of $2,500.
3 Must be in good standing with MCT and have no record of NSF activity. Proof of car insurance required at or prior to loan funding.
4 Consumer loan rates and HELOC rates are indexed to the Prime Rate as quoted by the Wall Street Journal as of two days prior to the beginning of the month. The Prime Rate was 3.25% as of December 29, 2008. Rates are based on applicant’s credit. Actual rate may vary. Minimum rate of 4.99%. Maximum rate of 18%. Homeowner’s insurance is required.
†Accounts closed within the first two years will be required to reimburse the Credit Union the amount of closing cost paid.
††Introductory rate is good for the first six months of the HELOC.
All rates are based on an evaluation of applicants’ credit, and all rates and terms are subject to change. Other loan programs available.
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    New AutoAs low as 1.99%Apply Now
    Used AutoAs low as 2.49%Apply Now
    Visa PlatinumAs low as 9.25%Apply Now

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