Loan Rates

Looking to refinance? Ask us about our Rate Match Program. Rates as low as **2.55%

Rates as of 4/7/2015.
Rate Description Term Payment Description APR* APR* Type
New Auto 60 months Starting at $18.17 per $1000 borrowed as low as *3.29% Fixed
New Auto – Min. loan amount $20,000 72 months Min. Loan Amount $20,000 Starting at $15.74 per $1000 borrowed *3.99% Fixed
Used Auto – 2012-2016 60 months Starting at $18.28 per $1000 borrowed *3.49% Fixed
Auto – 2002-2011 48 months Starting at $23.47 per $1000 borrowed *5.79% Fixed
Auto – 2003 & older 36 months Starting at $31.66 per $1000 borrowed *8.49% Fixed
New & Used Boat 60 months Starting at $19.34 per $1000 borrowed *5.50% Fixed
New & Used Farm Equip. & Trailers 60 months Starting at $19.81 per $1000 borrowed *6.50% Fixed
Unimproved Real Estate 144 months Max $50,000 Starting at $10.82 per $1000 borrowed *7.50% Fixed
Recreational Vehicle – New & Used 60 months Starting at $19.34 per $1000 borrowed *5.50% Fixed
Motorcyle\All-Terrain Vehicle – New & Used 60 months Starting at $19.81 per $1000 borrowed *6.50% Fixed
Personal 48 months / 60 months Min. $10,000 Starting at $26.33 per $1000 borrowed *11.50% Fixed
Debt Consolidation 60 months Starting at $20.76 per $1000 borrowed *8.49% Fixed
Share Secured 60 months / 72 months Min. $20,000 Starting at $17.97 per $1000 borrowed 3.00% over your current dividend rate Fixed
Share Certificate Secured 12 months 3.00% over your Certificate Rate Fixed
Short Term Small Amount 6 months $500 max 28.00% plus $20 application fee Fixed
Black Friday Loan 6 months $500 max *8.50% plus $20 application fee Fixed
Vacation Loan 12 months $3000 max *6.49% Fixed
  • The specific rate will be dependent upon the member’s credit rating, relationship with us and other factors.
  • Rates are for NEW loans only. Existing loans at the Credit Union cannot be refinanced at these rates.
  • Loan rates are reviewed monthly by the Board of Directors and are subject to change without notice and are not guaranteed until an application has been reviewed and approved.
  • *Reflects a .50% rate discount for automatic payment from a MECO account with direct deposit or payroll deduction for Medina Electric or STEC. Excludes Rate Match, Share Secured, and Share Certificate Loans.

*APR refers to the annual percentage rate or the dividend rate.
*APY refers to the annual percentage yield.

**Proof of current interest rate required. Loans currently financed with the Credit Union are not eligible. All other qualifications apply.