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LOAN RATES
Our Risk-Based Lending Program permits the credit union to now offer needed consumer loans to higher-risk credit applicants who typically have few if any reasonable credit options available while lower-risk credit applicants now qualify for more attractive and competitive consumer loan terms, rates, and loan limits than were previously available.
(eff. 1/21/2013)
SHARE SECURED 2.900% 24 months
MONEY MARKET SECURED 2.900% 12 months
CERTIFICATE SECURED Cert Rate +350 bp 60 months
Final/Balloon payment before/on certificate maturity date
STOCK SECURED (*) 3.900% up to 8.900% 48 months
Up to 90% of current market value
PERSONAL SIGNATURE (unsecured) (*)
$500 to $6,000 9.900% up to 17.900% 36 months
Up to 2X monthly gross income
AUTO, BOAT, & RV (*)
Rates per term 1.9% (-6.9%) 24 months or less
2.4% (-7.4%) 25 to 36 months
2.9% (-7.9%) 37 to 48 months
3.4% (-8.4%) 49 to 60 months
3.9% (-8.9%) 61 to 72 months
4.4% (-9.4%) 73 to 84 months
Term maximum per model year 2006 42 months
2007 48 months
2008 54 months
2009 60 months
2010 66 months
2011 72 months
2012 78 months
2013 84 months
New: up to 110% of Dealer Invoice, 2013 up to 5000 miles
Used: up to 110% of NADA Trade-in Value / Low Retail
Comprehensive & Collision insurance maximum deductible of $1000
MOTORCYCLES, ATVS, & PERSONAL WATERCRAFT (*)
Less than $2,500 3.9% (-8.9%) 36 months
$2,500 + 4.9% (-9.9%) 60 months
New: up to 110% of 90% of Suggested List Price
Used: up to 110% of NADA Low Retail
Comprehensive & Collision insurance maximum deductible of $500
HOME EQUITY LINE OF CREDIT 3.9% (-8.9%)
Rate plus any premium at origination will vary proportionately with the Prime Rate.
NOTE: $6,000 MAXIMUM ON ANY LOAN WITH NO OR DIFFICULT TO RECOVER COLLATERAL. WILL CONSIDER MATCHING A COMPETITOR’S LOAN TERMS “OFFER” ON A CASE-BY-CASE BASIS.
(*) category with rate determined within the Risk-based Loan Underwriting Policy
CREDIT DECISION CRITERIA
Credit worthiness is determined through a review of residence and employment stability, credit bureau reports, debt ratio, unsecured debt load, and collateral (if applicable). A fully completed credit application is required before any consideration can be given. A recent paystub or tax return may be necessary to verify your employment and income.
DIVIDEND RATES
The United Arkansas FCU Board of Directors approves and announces dividend rates on share accounts at the end of each quarter. Current share certificate rates are fixed but are subject to change at any time. Please call a Member Service Representative toll free at 800-216-6393 or (501) 565-8500 or (501) 228-3000 for a current rate quote.
Essential/Preferred Prime
APR APY APR APY
SHARE SAVINGS ($100 +) (4th Qtr 2012) 0.01% = 0.01% 0.26% = 0.26%
MONEY MARKET SAVINGS (December 2012) 0.05% = 0.05% 0.30% = 0.30%
CHECKING PLUS (December 2012) 0.01% = 0.01% 0.26% = 0.26%
SHARE CERTIFICATES ($2,500 Minimum) (eff. 12/21/2012)
6 months 0.30% = 0.30%
12 months 0.40% = 0.40%
24 months 0.60% = 0.60%
36 months 0.70% = 0.70%
48 months 0.80% = 0.80%
60 months 1.00% = 1.00%
INDIVIDUAL RETIREMENT ACCT (4th Qtr 2012)
IRA Shares 0.25% = 0.25% 0.50% = 0.50%
IRA Certificate rates same as Share Certificate rates
CHRISTMAS CLUB ACCT (Oct 2012) 0.01% = 0.01% 0.26% = 0.26%
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