Advantage Credit Union offers a variety of loan products to meet your needs and promises you our personal quality service when processing your loan as well as throughout the term of your loan!
CREDIT CARDS: Our Mastercard and Visa have a low rate of 12.9% APR* and no annual or monthly service fee. For your convenience, we have a link on our home page for our cardholders to view their account status, account history, and even make payments online or just click on MyCardInfo now.
STUDENT LOANS: Advantage Credit Union (Lender Code 830842) has partnered with Iowa Student Loan (ISL) to help you with today’s choices about college, financial aid and much more. With this new partnership, the Credit Union can now offer Federal Stafford Loans to students and Federal PLUS Loans to parents. Iowa Student Loan’s College Planning Center offers free resources to assist you with college preparation and career planning. Check out the college planning website at www.icansucceed.org.
CONSUMER LOANS: When it’s time for a loan be sure to call us. We have auto loans as low as 5.00% APR! Rates will vary depending on your credit score, the services you use at the credit union, and the length of term of the loan. Scroll down for more details on consumer loan rates.
| NEW AUTOS & TRUCKS: |
As Low as:** |
| 36 Months |
4.50 % APR* |
| 48 Months |
4.75 % APR |
| 60 Months |
5.00 % APR |
| 72 Months |
5.25 % APR |
| USED AUTOS & TRUCKS: |
| 72 Months |
5.50 % APR |
| 60 Months |
5.00 % APR |
| 48 Months |
4.75 % APR |
| NEW BOATS AND RV'S: |
| Up to $14,999 |
60 Months |
5.45 % APR |
| $15,000 & Above |
61-84 Months |
5.95 % APR |
| $15,000 & Above |
85-120 Months |
6.45 % APR |
| $15,000 & Above |
121-144 Months |
6.70 % APR |
| USED BOATS AND RV'S: |
| Up to $14,999 |
60 Months |
5.65 % APR |
| $15,000 & Above |
61-84 Months |
6.15 % APR |
| $15,000 & Above |
85-120 Months |
6.70 % APR |
| $15,000 & Above |
121-144 Months |
6.90 % APR |
| NEW MOTORCYCLES: |
| 100% of Purchase Price |
48 months |
5.55 % APR |
| 100% of Purchase Price |
60 months |
5.80 % APR |
| $10,000 & above |
72 Months |
6.05 % APR |
| USED MOTORCYCLES: |
| 2003 & Newer |
36 months |
6.50 % APR |
| $6,000 & over |
48 Months |
6.75 % APR |
| $10,000 & over |
60 Months |
7.00 % APR |
| NON-TITLED VEHICLES (Jet ski, ATV, snowmobile, lawn tractor, golf carts, etc) |
| New or Used |
12 Months |
7.15 % APR |
| Lesser of |
24 Months |
7.40 % APR |
| Purchase or Retail |
36 Months |
7.65 % APR |
| CONSUMER GOODS SECURED BY UCC-1(Computer, Appliances, etc.) |
| $500 - $1,000 |
12 Months |
8.90 % APR |
| $1,001 - $2,500 |
24 Months |
9.15 % APR |
| $2,501 - $5,000 |
36 Months |
9.40 % APR |
| $5,001 & Over |
48 Months |
9.65 % APR |
| UNSECURED |
| $500 - $1,000 |
12 Months |
9.95 % APR |
| $1,001 - $2,500 |
24 Months |
10.95 % APR |
| $2,501 & Over |
36 Months |
11.95 % APR |
* Annual Percentage Rate
** Rates will vary depending on Credit Score and Year of Vehicle. Above rates reflect 1% maximum discount. .25% discount applied for each of the following with a 1% maximum: Automatic Repayment, 10% or more down, ACU Credit Card, Direct Deposit (net check), Share Draft Account..
SHARE PLEDGE:
TERM SHARE PLEDGE:
| Maturity of Term Share |
3% over Term Share Rate |
HOME EQUITY LOANS: Whether you are looking to purchase or refinance, give us a call! In-house mortgage loans can be financed up to 80% loan to value. Average closing costs are approximately $260. Current Rates are as follows:*
| Closed end fixed 1st mortgage are: |
| 5.75% APR - 5 years |
6.50% APR - 10 years |
| Closed end fixed 2nd mortgage are: |
| 5.75% APR - 5 years |
6.50% APR - 10 years |
FIRST MORTGAGE BALLOON LOANS: We now offer a balloon mortgage to keep your payments lower and stay financed in-house at the Credit Union! With a 10/20 balloon mortgage, you have payments based on a 20 year amortization with a balloon payment due at the end of 10 years. This has a fixed rate of 6.50% APR. With a 5/15 balloon mortgage, you have payments based on a 15 year amortization with a balloon payment due at the end of 5 years. This has a fixed rate of 5.95%. Estimated closing costs are approximately $260. (No origination fee!)
MORE FIRST MORTGAGE LOAN OPTIONS: Advantage Credit Union partners with Midwest Mortgage Partners for our members needing more than 80% financing or terms longer than 10 years. Among the many programs are Fixed Rate Loans up to 30 years, Variable Rate Loans, Balloon Programs, VA Loans, and a variety of down payment options, even 100% financing. For more information call JoAnne at 866-451-3273.
HOME EQUITY LINE OF CREDIT:: You can establish a line of credit based on the equity in your home with a minimum initial advance of $5,000. After that you can get advances of $500 or more with just a phone call, home banking transaction, or a visit to the credit union. Average closing costs are approximately $245. The HELOC variable rate is based on the Prime Rate plus .50% and is subject to change January 1 and July 1 not to exceed a change of 2% per year.
* Auto payment required for the home equity/mortgage rates above. Add .25% without auto pay. |
