Loan Rates

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

Rates as of 12/20/2017
Rate Description Term APR* APR* Type
New Auto 60 months as low as *3.29% Fixed
New Auto – Min. loan amount $20,000 72 months Min. Loan Amount $20,000 *3.99% Fixed
Used Auto – 2012-2017 60 months *3.49% Fixed
Auto – 2006-2011 48 months *5.79% Fixed
Auto – 2005 & older 36 months *8.49% Fixed
New & Used Boat 60 months *5.50% Fixed
New & Used Farm Equip. & Trailers 60 months *6.50% Fixed
Unimproved Real Estate 144 months Max $50,000 *7.50% Fixed
Recreational Vehicle – New & Used 60 months *5.50% Fixed
Motorcyle\All-Terrain Vehicle – New & Used 60 months *6.50% Fixed
Personal 48 months / 60 months Min. $10,000 *11.50% Fixed
Debt Consolidation 60 months *8.49% Fixed
Share Secured 60 months / 72 months Min. $20,000 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, Max $500 28.00% plus $20 application fee Fixed
Black Friday Loan 6 months, Max $500 *8.50% plus $20 application fee Fixed
Vacation Loan 12 months, Max $3,000 *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.