Loan Rates
| Variable APR | Index(Wall Street Journal Prime Rate) | Margin | Minimum Line | Maximum Line | Floor | Ceiling |
| 3.50%* | 4.00% | -.50%* | $10,000 | $250,000 | 3.50% | 15.00% |
- Credit lines up to $250,000
- Interest-Only payments available
- No points, fees, or upfront costs2
- Convenient checkbook, ATM and Online Banking access
- No annual fee3
- Primary residence
- Minimum monthly payment is only $154
All loans subject to credit approval. Rates, terms, and conditions subject to change without notice. Term: 10-year draw period in which you may advance the line, followed by a 15-year repayment period. Your payment may increase as a result of re-amortization at the onset of the repayment period.
*Rates effective as of 10/31/08. This is a variable rate product. Your rate may be as low as the Prime Rate (as published in the Wall Street Journal - currently 4.00% ) minus .50%. Based upon the current Prime Rate, your rate may be as low as 3.50%. Rate is based upon credit criteria. Your rate may be higher. Although your fully-indexed rate is subject to change monthly, the Prime Rate may change at any time. The maximum APR is 15.00%. The minimum APR is 3.50%. These discounted rates and margin require a maximum combined loan-to-value ratio of 80% and other relationship criteria. Also requires a minimum initial advance of $20,000 on the loan or advance 100% on HELOCs $20,000 and under or deposits that total $10,000 or more. Please consult your tax advisor for IRS guidelines on the deductibility of interest payments. USE is an Equal Housing Lender. Comprehensive fire and hazard insurance required.
2. Offer available for new home equity lines of credit on owner-occupied, 1-4 units properties, in California. If the loan is closed within three years of origination, an Early Account Closure Fee of $500 may be assessed. A Reconveyance Fee is charged when your line is closed and your balance is paid in full.
3.The $50 Annual Fee is waived the first year and assessed on your anniversary date any year thereafter your balance falls below $10,000.
4.Minimum monthly payment is $15 or your entire balance, whichever is less.
| LOAN TYPE | LOAN AMOUNT | LOAN TERM | RATES | APPLICATION FEE IF APPLICABLE | APR |
| PowerHouse | $5,000 to $50,000 | Up to 180 Months | 12.99% - 30.99% | N/A | 12.99% - 30.99% |
All loans subject to credit approval. USE will acquire a security interest in the property. Rates, terms, and conditions subject to change without notice. Fixed rates as low as 12.99% up to 30.99% APR. Certain terms and restrictions apply. Rate is based upon credit criteria and term. Regular fees may apply at the end of the loan (e.g., responding to a demand and/or preparing a reconveyance). Please consult your tax advisor for IRS guidelines on the deductibility of interest payments. USE is an Equal Housing Lender. Financing available for California owner-occupied property only. Comprehensive fire and hazard insurance required.
| FIXED RATE SECOND MORTGAGE LOANS |
| Rate as low as 7.49% |
All loans subject to credit approval. Rates, terms, and conditions subject to change without notice. Click here for more rate information. Certain terms and restrictions apply. Rate is based upon credit criteria. Your rate may be higher. $175 loan fee. Regular fees may apply at the end of the loan (e.g., responding to a demand and/or preparing a reconveyance). Please consult your tax advisor for IRS guidelines on the deductibility of interest payments. USE is an Equal Housing Lender. Financing available for California property only. Comprehensive fire and hazard insurance required.
| 1st Mortgage Loans |
| Click here |
| LOAN TYPE | MAX LOAN AMOUNT* | LOAN TERM | RATES | APPLICATION FEE IF APPLICIABLE | APR** |
| New Auto (Model Year 2006 and Newer) | Up to 115% of the Vehicle's Base Invoice | Up to 84 months | 5.74% to 16.99% | N/A | 5.74% to 16.99% |
| Used Auto (Model Year 2005 and Older) | Up to 115% of Base Retail Kelley Blue Book Value | Up to 84 months | 6.74% to 22.24% | N/A | 6.74% to 22.24% |
| New Motor Home | Up to 80% financing of purchase price | Up to 180 months | 9.99% to 15.99% | N/A | 9.99% to 15.99% |
| Used Motor Home | Up to 80% of wholesale Kelley Blue Book Value | Up to 180 months | 11.375% to 17.375% | N/A | 11.375% to 17.375% |
| New Boat | Up to 80% financing | Up to 180 months | 8.99% to 14.99% | N/A | 8.99% to 14.99% |
| Used Boat | Up to 80% of Fair Market Value | Up to 180 months | 9.36% to 15.36% | N/A | 9.36% to 15.36% |
APR subject to loan term and amount financed. Rates are listed in a range from lowest to highest, and certain terms and restrictions may apply. Lowest APR shown reflects rate discount for automatic payments from an active USE checking account. To qualify as an “active” checking account, you must have a minimum activity level of five (5) transactions posted each month. Eligible transactions include deposits or withdrawals by check, debit card, ATM card, ACH, transfers between USE accounts, automated deposits and automated withdrawals. In addition, you must maintain a positive account balance or meet the requirements of one of USE’s overdraft protection programs. The loan interest rates and monthly payment information provided are only estimates. Actual interest rates and monthly payment amounts are based on your personal credit history and will be provided upon receipt of a completed loan application approved by USE Credit Union. Please consult your tax advisor for IRS guidelines on the deductibility of interest payments. USE is an Equal Housing Lender. Financing may include dealer service contracts, such as Guaranteed Auto Protection and Mechanical Breakdown Insurance. USECU also offers similar service contracts at very reasonable rates.
Click here for a payment example for your specific loan needs.
| LOAN TYPE | MAX LOAN AMOUNT | LOAN TERM | RATES | APPLICATION FEE IF APPLICIABLE | APR |
| New Mobile Home | Up to $75,000 | Up to 180 months | 11.99% | $100 plus escrow fees | 12.044% |
| Used Mobile Home | Up to 80% of Fair Market Value, $75,000 maximum | Up to 120 months | 12.99% | $100 plus escrow fees | 13.045% |
All loans subject to credit approval. Rates, terms, and conditions subject to change without notice. The APR represents the total cost of credit, including fees. Financing available for California property only. Comprehensive fire and hazard insurance required.
Click here for a payment example for your specific loan needs.
| LOAN TYPE | MAX LOAN AMOUNT | LOAN TERM | RATES | APPLICATION FEE IF APPLICIABLE | APR |
| Signature Loan | Up to $50,000 | Up to 120 months | 12.99% to 28.49% | N/A | 12.99% to 28.49% |
| Credit Line | Limits up to $10,000 | Revolving | 18.00% | N/A | 18.00% |
All loans subject to credit approval. Rates, terms, and conditions subject to change without notice. The APR represents the total cost of credit, including fees. Rate is based upon credit criteria. Your rate may be higher. Rates are listed in a range from lowest to highest, and certain terms and restrictions may apply.
Click here for a payment example for your specific loan needs.
| ANNUAL PERCENTAGE RATE | 9.90% APR |
| RATE TYPE |
Your Annual Percentage Rate may vary. The initial Annual Percentage Rate of 2.90% is discounted and will be in effect until the last day of the December 2008 billing cycle. Thereafter, the Annual Percentage Rate is 9.90%. |
| GRACE PERIOD for the repayment of the balance for purchases |
25 days on new purchases if paid in full by payment due date as set forth on your periodic statement. |
| METHOD of computing the balance for purchases |
Average Daily Balance (including new transactions) |
| ANNUAL FEE | None |
| CASH ADVANCE FEE | Advance Fees are 2% or a Minimum of $1.00 |
| LATE PAYMENT CHARGE | $10.00 if minimum monthly payment is more than 10 days late. |
| OVERLIMIT FEE | $10.00 for each billing cycle in which we receive a purchase or advance that causes your balance to exceed your credit limit. |
| EFFECTIVE DATE | April 1, 2008 |
All loans subject to credit approval. Rates, terms, and conditions subject to change without notice. Rate is based upon credit criteria. Your rate may be higher.
| ANNUAL PERCENTAGE RATE | 11.90% APR |
| RATE TYPE |
Your Annual Percentage Rate may vary. The initial Annual Percentage Rate of 2.90% is discounted and will be in effect until the last day of the December 2008 billing cycle. Thereafter, the Annual Percentage Rate is 11.90%. |
| GRACE PERIOD for the repayment of the balance for purchases |
25 days on new purchases if paid in full by payment due date as set forth on your periodic statement. |
| METHOD of computing the balance for purchases |
Average Daily Balance (including new transactions) |
| ANNUAL FEE | None |
| CASH ADVANCE FEE | Advance Fees are 2% or a Minimum of $1.00 |
| LATE PAYMENT CHARGE | $10.00 if minimum monthly payment is more than 10 days late. |
| OVERLIMIT FEE | $10.00 for each billing cycle in which we receive a purchase or advance that causes your balance to exceed your credit limit. |
| EFFECTIVE DATE | April 1, 2008 |
All loans subject to credit approval. Rates, terms, and conditions subject to change without notice. Rate is based upon credit criteria. Your rate may be higher.
| ANNUAL PERCENTAGE RATE | 13.90% APR |
| RATE TYPE |
Your Annual Percentage Rate may vary. The initial Annual Percentage Rate of 4.90% is discounted and will be in effect until the last day of the December 2008 billing cycle. Thereafter, the Annual Percentage Rate is 13.90%. |
| GRACE PERIOD for the repayment of the balance for purchases |
25 days on new purchases if paid in full by payment due date as set forth on your periodic statement. |
| METHOD of computing the balance for purchases |
Average Daily Balance (including new transactions) |
| ANNUAL FEE | None |
| CASH ADVANCE FEE | Advance Fees are 2% or a Minimum of $1.00 |
| LATE PAYMENT CHARGE | $10.00 if minimum monthly payment is more than 10 days late. |
| OVERLIMIT FEE | $10.00 for each billing cycle in which we receive a purchase or advance that causes your balance to exceed your credit limit. |
| EFFECTIVE DATE | April 1, 2008 |
All loans subject to credit approval. Rates, terms, and conditions subject to change without notice. Rate is based upon credit criteria. Your rate may be higher.
| ANNUAL PERCENTAGE RATE | 17.90% APR |
| RATE TYPE | Fixed |
| GRACE PERIOD for the repayment of the balance for purchases |
25 days on new purchases if paid in full by payment due date as set forth on your periodic statement. |
| METHOD of computing the balance for purchases |
Average Daily Balance (including new transactions) |
| ANNUAL FEE | $15.00 |
| CASH ADVANCE FEE | Advance Fees are 2% or a Minimum of $1.00 |
| LATE PAYMENT CHARGE | $10.00 if minimum monthly payment is more than 10 days late. |
| OVERLIMIT FEE | $10.00 for each billing cycle in which we receive a purchase or advance that causes your balance to exceed your credit limit. |
| EFFECTIVE DATE | April 1, 2006 |
All loans subject to credit approval. Rates, terms, and conditions subject to change without notice. Rate is based upon credit criteria. Your rate may be higher.
| ANNUAL PERCENTAGE RATE | 17.90% APR |
| RATE TYPE | Fixed |
| GRACE PERIOD for the repayment of the balance for purchases |
25 days on new purchases if paid in full by payment due date as set forth on your periodic statement. |
| METHOD of computing the balance for purchases |
Average Daily Balance (including new transactions) |
| ANNUAL FEE | $5.00 |
| CASH ADVANCE FEE | Advance Fees are 2% or a Minimum of $1.00 |
| LATE PAYMENT CHARGE | $10.00 if minimum monthly payment is more than 10 days late. |
| OVERLIMIT FEE | $10.00 for each billing cycle in which we receive a purchase or advance that causes your balance to exceed your credit limit. |
| EFFECTIVE DATE | June 23, 2006 |
All loans subject to credit approval. Rates, terms, and conditions subject to change without notice. Rate is based upon credit criteria. Your rate may be higher.
| ANNUAL PERCENTAGE RATE | 21.90% APR |
| RATE TYPE | Fixed |
| GRACE PERIOD for the repayment of the balance for purchases |
25 days on new purchases if paid in full by payment due date as set forth on your periodic statement. |
| METHOD of computing the balance for purchases |
Average Daily Balance (including new transactions) |
| ANNUAL FEE | $35.00 |
| CASH ADVANCE FEE | Advance Fees are 2% or a Minimum of $1.00 |
| LATE PAYMENT CHARGE | $10.00 if minimum monthly payment is more than 10 days late. |
| OVERLIMIT FEE | $10.00 for each billing cycle in which we receive a purchase or advance that causes your balance to exceed your credit limit. |
| EFFECTIVE DATE | May 1, 2002 |
All loans subject to credit approval. Rates, terms, and conditions subject to change without notice. Rate is based upon credit criteria.
| ANNUAL PERCENTAGE RATE | 19.90% APR |
| RATE TYPE | Fixed |
| GRACE PERIOD for the repayment of the balance for purchases |
25 days on new purchases if paid in full by payment due date as set forth on your periodic statement. |
| METHOD of computing the balance for purchases |
Average Daily Balance (including new transactions) |
| ANNUAL FEE | $35.00 |
| CASH ADVANCE FEE | Advance Fees are 2% or a Minimum of $1.00 |
| LATE PAYMENT CHARGE | $10.00 if minimum monthly payment is more than 10 days late. |
| OVERLIMIT FEE | $10.00 for each billing cycle in which we receive a purchase or advance that causes your balance to exceed your credit limit. |
| EFFECTIVE DATE | May 1, 2002 |
All loans subject to approval. Must pass ChexSystems to qualify. Must establish Direct Deposit to USE Checking/Savings account. Rates, terms, and conditions subject to change without notice. Rate is based upon credit criteria.
