| Fixed
Rate First Mortgage Real Estate Loans |
| Rates as low as... |
Rate |
APR |
| 30 Year Loan $100,000 and over |
5.000% |
5.034% |
| 30 Year Loan Up to $100,000 |
5.000% |
5.034% |
| 20 Year Loan $100,000 and over |
4.750% |
4.796% |
| 20 Year Loan Up to $100,000 |
4.875% |
4.927% |
| 15 Year Loan $100,000 and over |
4.375% |
4.433% |
| 15 Year Loan Up to $100,000 |
4.375% |
4.440% |
| Your APR may
vary based on your loan amount, term, credit score, and finance charges. *Important Rate Notice - If one borrower
has a credit score of 740 or less, and the LTV is > 70%; the above rate may
increase by as much as .75%. This is a Fanniemae/Freddiemac
requirement. Please call a PCMCU
mortgage loan officer for an accurate quote. Rates are subject to
change without notice. |
| First
Mortgage Real Estate Loans |
| In-House 3 Year ARM |
5.50%
95% Max LTV |
5.505% APR |
Fixed rate and low
down payment mortgages are also available -- Please
contact a loan officer for more information. Members with credit
scores of 635 or less may be charged a 1% higher rate.
If the down payment is less than 20%, mortgage insurance may be needed
which could increase the payment and APR. In order to receive a
guaranteed rate, an application must be submitted and an agreement must be
signed by you officially locking the rate. Mortgage applications are
available at the credit union. This loan is sold to the
secondary mortgage market. Rates are subject to change daily without
notice. Contact us for details. |
| Construction
Loans |
| 6 Month Loan |
5.99% APR |
| Home Equity Loans |
| 80% Loan to Value |
5.75% |
5.763% APR |
| Payment equals 1.5% of the
outstanding balance or $50; whichever is greater. |
|
Home Equity Line Of Credit |
80% Loan to Value- Variable Rate
Minimum APR = 5.50% Maximum APR = 11% |
Prime + 0%
|
|
Please contact the credit union, as certain closing costs may apply. Contact your tax advisor to determine if your interest will be tax
deductible. |
|
Brilliant Deduction Line of Credit |
8.90% - $10,000 Maximum -- Call for details
Payment equals 2% of the outstanding balance or $50;
whichever is greater. |
| |
|
New Rates
As Low As... |
|
|
New
- 2009 Collateral Loan Rates*
Annual Percentage Rates were determined using a
10% down payment. The APR may be affected by a change in the loan to
value amount. |
| 36 Months |
4.75% APR |
| 48 Months |
4.99% APR |
| 60 Months |
5.25% APR |
| 72 Months |
5.50% APR |
*Add *Add 1% to rate if less than 10% down
*Add 1% to rate if credit score is 635 or less
*Add .25% to rate if not an eRewards accountholder |
Used
Collateral Loan Rates (2008 & older)**
Annual Percentage Rates were determined using a
10% down payment. The APR may be affected by a change in the loan to
value amount. |
| 36 Months |
5.25% APR |
| 48 Months |
5.50% APR |
| 60 Months |
5.75% APR |
**Add 1% to rate if less than 10% down
**Add 1% to rate if collateral value is less than $7500
**Add 1% to rate if credit score is 635 or less
**Add .25% to rate if not an eRewards accountholder |
|
| Loans Secured By Savings |
| 100% Secured by Shares 1YR Max |
3.90% APR |
100% Secured by Super Shares
1 YR Max |
5.49% APR |
| 100% Secured by CD/Maximum to CD Maturity |
2.00% Spread Over CD Rate |
| Signature
Loans |
| Signature Loans - Ask for details |
9.90% APR |
| Kwik Cash Loans - Ask for details |
9.90% APR |
A Payment Protection Plan including Life and Disability
Insurance is available on most loans-
Contact us for details!
We now offer Major Mechanical Protection Coverage to help protect your new
vehicle.
PCM Employees Credit Union does business in accordance with
the Federal Fair Housing Law and Equal Opportunity Credit Acts.
Use our online
financial
calculators to figure loan payments & options
Loans
As a member of PCMCU, a variety of low cost loans are available to
you. Borrowing from your credit union is fast, easy and confidential. You
can trust that there are never any hidden costs connected to your credit
union loan.
You may Apply
On-line, in person or by phone. As a borrower, your
application for a loan at PCMCU is considered on your merits. The loan
officer will look at your total income, outstanding debts, ability to
repay, employment history, and credit rating. Use PCMCU’s on-line loan
Calculator for a loan option that works best for you.
Several unique features make loans at PCMCU the best way to go when
you need to borrow money.
- Simple interest is charged on all PCMCU loans; that is, interest is
calculated on the unpaid monthly balance. This method of interest
calculation is the most favorable for our members.
- In compliance with federal regulations, the Annual Percentage Rate
(APR) is disclosed on all loans.
- There are no prepayment penalties.
- You can pay additional amounts on your loan as often as you like, in
any amount.
- Payment plans are tailored to suit your budget (see Calculator).
- You may make loan payments via the Internet with PCMCU home banking
services (See Home Financial Services), by payroll deduction, in
person, mail, automatic transfers, or transfer through TLC Teller Line
Connection.
- Pre-approval of loans
is always available.
- Any type of secured loan may be combined with a mortgage for a
potential tax deduction. Consult your tax advisor for details.
- Payment Protection plans; such as credit life and disability
insurance is available.
- Your credit record with us is reported to the Credit Bureau and
becomes part of your credit history.
- Financial counseling services are available to PCMCU members
needing assistance.
PCM CU makes loans for most reasons… usually within 24 hours.
Personal Loans:
Auto Loans
Vacation Loans
Recreational Loans
Signature Loans
Debt Consolidation Loans
Pledge of Share/Certificates
Student Loans - PCMCU's Student Loan Program
Home Improvement Loans
Payment Protection Plan
Protect yourself and your family when you borrow. There are two
types of credit insurance available to you when you take out a loan at PCMCU.
Credit Life Insurance
- Protects
your family and estate by paying your loan balance if you or a
co-borrower becomes deceased.
- Premium
amount based on loan size and term.
- Insurance
amount based on outstanding loan balance.
Credit Disability Insurance
- Makes
your loan payments if you are unable to earn a regular wage because of
an accident or illness.
- Protects
your credit rating.
- Protects
you against repossession.
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