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Loan Rates

Loan Rates

Rates subject to change at any time without notice.

Loan Rates
Effective Date: March 20, 2020
Terms up to:FICO Score APR[1]Payment per $1,000[2]
New Auto [3]    
48 Months 2.74% $22.03
60 Months 2.99% $17.97
66 Months 2.99% $16.46
72 Months 3.24% $15.31
84 Months 4.24% $13.79
Used Auto [3]    
48 Months 2.99% $22.14
60 Months 3.24% $18.08
66 Months 3.24% $16.57
72 Months 3.49% $15.42
84 Months 4.49% $13.90
Solar Loans[6][7]    
144 Month term (borrow up to $75,000)
Other rates and terms available.
2.99% $8.28
Personal[6]    
up to 60 Months (fixed rate)
Borrow up to $15,000
9.90% $21.21
Personal Loan (up to 60 months) or Line of Credit[4]    
(variable rate)
Borrow up to $15,000
9.93%  
Share/Certificate Secured    
up to 60 Months or Certificate term 3% above current share rate  
Home Equity Line of Credit    
6-Month Fixed Intro Rate [5] 1.99%  
Current variable APR as low as 5.49%  
Mortgages
Purchases and Refinances
Call us for more information - 818.993.6328  
Home Energy Loans[6] 3.99% $18.42

Other Loan Types available. Please call for information.

 

[1] All rates quoted by Annual Percentage Rate (APR). Rates quoted are lowest preferred rates based on a 740 or greater FICO Credit Score. Other rates available based on credit worthiness. Automatic payments required. Rates are subject to change at any time.

[2] Sample payment based on stated rate.

[3] AUTO LOANS: requires insurance coverage from a California admitted carrier; Comprehensive and Collision with $1,000 deductible. New autos up to 120% of invoice. The definition of a "New" auto is a current model year or prior model year with less than 10,000 miles. Used autos up to 120% of Retail Blue Book value, maximum age for vehicles 7 years. Used autos 8-10 years old up to 120% of Wholesale Blue Book value. Car loan rates quoted include automatic payment discount of .50% and Platinum Membership discount of .50% for 1% total. Additional restrictions may apply.

[4] Variable rate based on one-year T-Bill 1.18% APR plus 8.75% margin.

[5] The MCCU Home Equity Line of Credit (HELOC) is an adjustable rate loan. The introductory discounted rate of 1.99% APR (annual percentage rate) is fixed for the first 6 months (180 days) after which the rate converts to the then current Prime Rate (the Index) plus your Margin and is then variable and subject to change. The current 5.49% APR is accurate as of 11/1/2019 is subject to change, and is our best rate based on creditworthiness, credit score, and maximum combined loan-to-value (CLTV) of 80%. It is a variable rate of Prime +.74%, based on the Prime Rate as published in the Money Rates table of the Wall Street Journal. The quoted rate is based on 740 or higher FICO Credit Score. The maximum APR is 11.49%. The HELOC term is 25 years (10-year draw period). Minimum credit limit is $30,000; Maximum $500,000. Property Insurance and a lien are required on the subject property. Fees range from $1,000 to $2,500, based on amount borrowed. Fees are waived with minimum $30,000 draw and if HELOC remains open for a minimum of 36 months, otherwise it will be required to pay fees at time of loan payoff. Consult your tax advisor regarding deductibility of interest. MCCU membership required.

[6] Rate includes automatic payment discount of .50%.

[7] APR=Annual Percentage Rate. Rates subject to change at any time. Must meet credit and income criteria. Rate quoted is the preferred rate with a minimum 720 FICO. Subject to credit approval and membership eligibility. Other rates and terms available. UCC1 lien will be recorded on property.

 


Energy Loans: Loans must qualify for The Residential Energy Efficiency Loan Assistance Program (REEL)

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