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Loan Rates

The following loan rates are stated as an Annual Percentage Rate (APR) and applied as simple interest on the unpaid balance. The following rate tables were last updated on July 1, 2017 and are subject to change without notice.

Loan Type
Period
Fixed Rate (Up To 100%)
Variable Rate**
New Vehicles
2016's - 2018's
Rates As Low As
36 Months
2.49% APR*
2.09% APR
48 Months
2.99% APR*
2.09% APR
60 Months
2.99% APR*
2.09% APR
72 Months
3.29% APR*
2.29% APR
Up To 84 Months
3.79% APR*
2.29% APR
** Variable Rate Loans Must Be Greater Than $7500.00 In New Money.
*APR Is The Annual Percentage Rate.


Loan Type
Period
Up To 100% Retail
Variable Rate**
Used Vehicles
Cars & Trucks
Rates As Low As
36 Months
3.54% APR*
2.49% APR
48 Months
3.54% APR*
2.49% APR
60 Months
3.54% APR*
2.49% APR
72 Months
3.84% APR*
2.69% APR
Up To 84 Months
4.34% APR*
2.69% APR
** Variable Rate Loans Must Be Greater Than $7500.00 In New Money.
*APR Is The Annual Percentage Rate.


Loan Type
Variable
Margin
Current Index
Beacon Score
Home Equity Lines Of Credit
NO DISCOUNTS
NO ANNUAL FEE
Index: 11th District Cost of Funds

Maximum Ceiling
Rate 6% above floor
Rates As Low As

Premier: 4.50% (floor)
4.50%
0.69%
740 and higher
Preferred: 5.50% (floor)
5.50%
0.69%
700 - 739
Homeowner Plus: 6.50% (floor)
6.50%
0.69%
630 - 699
Homeowner: 7.25% (floor)
7.25%
0.69%
Less than 630
*APR Is The Annual Percentage Rate.
**Rates may vary after account opened


Loan Type
Period
Rates As Low As
Closing Costs
Real Estate Balloon Loans
Held In-House At 1st Gateway Credit Union
6 Year Balloon
3.95% APR*
$1000 - $1500
8 Year Balloon
4.20% APR*
$1000 - $1500
10 Year Balloon
4.60% APR*
$1000 - $1500
10 Year Loan with 10 Year Amortization
3.60% APR*
$1000 - $1500
*APR Is The Annual Percentage Rate.


Loan Type
Description
Rates As Low As
Beacon Score
Line of Credit
5.50% margin + current index *
6.21% APR*
710 +
Note Loan
Max term of 12 months
8.25% APR*
710 +
*APR Is The Annual Percentage Rate.


Loan Type
Beacon Score
Rates As Low As
Unsecured
Greater than 680
11.00%
 
630-679
12.50%
 
605-629
14.00%
 
590-604
16.50%
 
Less than 590
18.00%
50% Unsecured
Greater than 710
8.00%
 
680-709
9.50%
 
630-679
11.00%
 
605-629
12.50%
 
590-604
15.00%
 
Less than 590
17.00%
 
The APR you receive will be based upon credit worthiness criteria.  Rates, terms, and conditions subject to change without notice.  Loan subject to credit approval. 
   
This credit union is federally insured by the National Credit Union Administration. Additional insurance available through ESI.



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