Rates

Notice reqarding all loan interest rates except shared secured :
We determine loan interest rates according to "Risk Based" lending procedures. The rates listed below are our base interest rates for category "A" borrowers. We add 1.00% for category "B," 2.00% for category "C," and 4.00% for category "D" borrowers. Refer to the bottom of the page for further details.

New Car Loans


2015 and Newer

(APR)
2 Year 2.50
3 Year 2.50
4 Year 2.70
5 Year 2.70
6 Year (loan value of $20,000+) 3.00

Car Loans


2011 TO 2014

(APR)
2 Year 2.75
3 Year 2.75
4 Year 3.00
5 year 3.00
6 year-$20,000+ 4.00

Motorcycles


(APR)
New 5.25

Older Car Loans


(APR)
2006 and Older 5.00


Consumer Loans


3 Year 10.00

Signature Loan


(APR)
3 Year 10.00

Used Car Loans


2008 TO 2010

(APR)
3 Year 4.50
4 Year 4.50
5 Year-loan value of $10,000+ 4.50

Computer Loans


(APR)
3 Year 10.00

Shared Secured


(APR)
3 Year +3.00

Boat/Camper Loans and Used Motorcycles


(APR)
To $2,999/4 years 6.25
$3,000 to $6,999/5 yr 5.25
$7,000 to $12,999/5 yr 5.25
$13,000 to $18,999/5 yr 4.75
$19,000 and over/6 yr 5.25

BOAT/CAMPER-BALLOON LOANS


FOR NEW AND UP TO 6 YEARS OLD

$5,000 to $9,999-60 mo (96) 5.00%
$10,000 to $14,999-60 mo (120) 5.00%
$15,000 to $24,999-60 mo (144) 5.00%
over $25,000-60 mo (180) 5.00%

Classic Cars


(APR)
3-5 Year/50% of appr. 8.00


(APR)
5 Year Fixed 5.00
10 Year Fixed 5.75
15 Year Fixed 6.00
Variable 4.25

Other Vehicle Loans


(APR)
2 Year New 6.50
3 Year New 6.50
5 Year New 6.50
2 Year Used 7.50
3 Year Used 7.50

VISA CREDIT CARD


9.90

Risk Based Lending Scoring:
We will charge loan interest rates consistent with the probability of default as predicted by the member's credit bureau Empirica risk score. The risk scores range and corresponding interest rates will be set forth in procedures approved by the President of the Credit Union.

Class A, Empirica Scores 700 and higher: use base interest rate;
Class B, Empirica Scores 650-699: use base interest rate + 1.00%;
Class C, Empirica Scores 600-649: use base interest rate + 2.00%;
Class D, Empirica Scores 599 and lower: use base interest rate + 4.00%.
Please call for further details.

All rates are subject to change without notice.
APR = Annual Percentage Rate
January 23, 2014

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United Methodist First Choice Federal Credit Union

Office Hours: 8:00 AM to 4:00 PM Mountain Standard Time, Monday through Friday
Tel: (605) 348-5753 or toll free 1-800-658-3950
Fax: (605) 342-6441
Location Address: 815 Columbus Street, Rapid City, SD, 57701
Mailing Address: PO BOX 5540, Rapid City, SD 57709
E-Mail: member@umfirstchoicefcu.org
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