AmeriCU Credit Union: Current Rates

Current Rates

All rates shown as Annual Percentage Rate (APR)
Loan Phone: 1-800-388-2000 (Utica/Rome 315-356-3000)

At AmeriCU, our goal is to help as many members as possible obtain the credit they deserve! The rates shown here are our very best, available to those with excellent credit. Loan rates are based on each applicant's credit history and may vary from those shown below.

Ask about our 0.25% rate discounts when you use other AmeriCU select services (excludes Marine/RV Loans, VIP Line of Credit, Credit Cards and Share/Certificate Pledge).

AmeriCU's Loan Rates are Current since July 26, 2010 and are subject to change without notice.

Rates shown include relationship pricing discount of 0.25%. To get the discount, all you need is direct deposit with a checking account or automatic loan payments.
Home Equity Installment Loan
Term		APR	Amount	Security
60 months		5.00%	Up to 80% of appraised value, less first mortgage.	Second Mortgage
120 months		5.50%	Up to 80% of appraised value, less first mortgage.	Second Mortgage
180 months		6.00%	Up to 80% of appraised value, less first mortgage.	Second Mortgage
180 months		5.00%	Up to 80% of appraised value, first mortgage only.	First Mortgage
360 months		5.75%	Up to 80% of appraised value, first mortgage only.	First Mortgage

1st Lien Home Equity Installment Loan Promotion
Term		APR	Amount	Security
Up to 120 months		4.25%	Up to 80% of appraised value, first mortgage only. (Does not include refinance of AmeriCU loans)	First Mortgage

Payment Example: A typical loan of $25,000 at 5.50% APR would have 120 monthly payments of $298.43 with total repayment of $35,811.60. (Includes Payment Protection Plan.)

Rates shown include relationship pricing discount of 0.25%. To get the discount, all you need is direct deposit with a checking account or automatic loan payments.
FreedomQuest Home Equity Line of Credit Rate Cap: 15.00%; Rate Floor: 4.5%
Term	APR	Amount	Payment	Security
0 Months - 10th Year	Prime - 1%	Up to 80% of appraised value, less first mortgage	Interest Only Payment (plus insurance if applicable) on the amount used or $25.00, whichever is greater.	Lien on Property
11th - 25th Year	Prime - 1%	Up to 80%	Draw period can be renewed at our option OR this balance will be amortized over 15 years. The payment will be the principal and interest payment due (plus insurance if applicable). Minimum payment $100.00	Lien on Property

Home Equity Line of Credit Rate Cap: 15.00%; Rate Floor: 4.50%
Term	APR	Amount	Payment	Security
1st 6 Months (from date of closing)	1.99% APR (otherwise 4.50% APR). No relationship discount pricing.	Up to 80% of appraised value, less first mortgage	Interest only. Member Makes payment on the interest due (+ insurance, if applicable) on the amount they have used.	Lien on Property
7th Months - 10th Year 0 Months - 10th Year	Prime + 0% Prime + 1% Prime + 2% (adjust monthly)	Up to 80% 81-90% 91-100%	Interest only. Member makes payment on the interest due (+ insurance, If applicable) on the amount used.	Lien on Property
11th -25th years	Prime + 0% Prime + 1% Prime + 2% (adjust monthly)	Up to 80% 81-90% 91-100%	Draw period can be renewed at our option. Or The balance will be amortized over 15 years. The payment will be the principal and interest payment due (+ insurance, if applicable). Minimum payment $100.	Lien on Property
Payment Example: 1st 6 mo. if LTV is 80% or less (from day of closing): Interest Only Payment (plus insurance if applicable) on the amount used or $25.00, whichever is greater. 7th mo. to 10th year OR 0 Month to 10th year if LTV is 81% or greater: Interest Only Payment (plus insurance if applicable) on the amount used or $25.00, whichever is greater. 11th to 25th year: Draw period can be renewed at our option OR this balance will be amortized over 15 years. The payment will be the principal and interest payment due (plus insurance if applicable). Minimum payment $100.00
*Prime rate as of 04/15/10 is 3.25% Annual Percentage Rate (APR). Minimum APR is 4.50%. Minimum line of credit is $15,000. Minimum draw at closing is $15,000. Rates can increase or decrease, but not to exceed 15.00% APR. Applications are subject to credit approval. Rates and terms are determined by overall credit history, loan-to-value and term of loan, and are subject to change. If loan is closed within 3 years, member reimburses closing costs incurred by AmeriCU plus any additional fees to satisfy legal requirements. Fees can range from $35 to $3,500.

Rates shown include relationship pricing discount of 0.25%. To get the discount, all you need is direct deposit with a checking account or automatic loan payments.
New Vehicle Loans (Model Years for Last Year, Current Year, and Next Year's vehicles)
Term		APR (As Low As)	Amount
Up to 24 Months		3.50%	Up to 120% of MSRP
25-36 months		3.50%	Up to 120% of MSRP
37-48 months		3.50%	Up to 120% of MSRP
49-60 months		3.75%	Up to 120% of MSRP
61-66 months		4.00%	Up to 120% of MSRP
67-72 months		4.50%	Up to 120% of MSRP
73-84 months		5.75%	Up to 120% of MSRP
Payment Example: A Typical New Auto Loan of $20,000 at 4.00% APR would have 60 monthly payments of $385.25 each, with total repayment of $23,115.00. (Includes Payment Protection Plan.)

Rates shown include relationship pricing discount of 0.25%. To get the discount, all you need is direct deposit with a checking account or automatic loan payments.
Used Vehicle Loans (Model Years for vehicles 2 to 5 years old) Previously Titled and Registered
Term		APR (As Low As)	Amount
Up to 24 months		3.75%	Up to 120% of NADA/Sales Price-whichever is less
25-36 months		3.75%	Up to 120% of NADA/Sales Price-whichever is less
37-48 months		3.75%	Up to 120% of NADA/Sales Price-whichever is less
49-60 months		4.00%	Up to 120% of NADA/Sales Price-whichever is less
61-66 months		4.25%	Up to 120% of NADA/Sales Price-whichever is less
67-72 months		4.75%	Up to 120% of NADA/Sales Price-whichever is less
Payment Example: A Typical Used Auto Loan of $10,000 at 4.00% APR would have 36 monthly payments of $305.40 each, with total repayment of $10,994.40. (Includes Payment Protection Plan.)

Rates shown include relationship pricing discount of 0.25%. To get the discount, all you need is direct deposit with a checking account or automatic loan payments.
Older Used Vehicle (Model Years for vehicles 6 to 9 years old) (Minimum $5,000)
Term		APR (As Low As)	Amount
Up to 24 months		7.50%	Up to 105% NADA/Sales Price-whichever is less
25-36 months		7.75%	Up to 105% NADA/Sales Price-whichever is less
37-48 months		8.00%	Up to 105% NADA/Sales Price-whichever is less
49-60 months		8.25%	Up to 105% NADA/Sales Price-whichever is less
61-66 months		8.50%	Up to 105% NADA/Sales Price-whichever is less
Payment Example: A Typical Used Auto Loan of $8,000 at 8.25% APR would have 36 monthly payments of $259.82 each, with total repayment of $9,353.52. (Includes Payment Protection Plan.)

New and Used Marine/RV-Recreational Vehicle Loans (Maximum 15 years old)
Term		APR (As Low As)	Amount
240 months		6.75%	$75,000 +
180 months		7.00%	$25,000 +
144 months		7.25%	$10,000 - $24,999
72 months		8.75%	$5,000 - $9,999
Payment Example: A Typical Marine / RV Loan of $25,000 at 6.75% APR would have 180 monthly payments of $231.76 each, with total repayment of $41,716.80.

Rates shown include relationship pricing discount of 0.25%. To get the discount, all you need is direct deposit with a checking account or automatic loan payments.
New Motorcycle and Snowmobile Loans (Must be a Homeowner. Min. Loan Amount $5,000)
Term		APR (As Low As)	Amount
Up to 24 months		4.50%	Up to 100% of MSRP
25-36 months		4.50%	Up to 100% of MSRP
37-48 months		4.50%	Up to 100% of MSRP
49-60 months		4.75%	Up to 100% of MSRP
61-66 months		5.00%	Up to 100% of MSRP
67-72 months		5.50%	Up to 100% of MSRP
Payment Example: A Typical New Motorcycle/Snowmobile Loan of $15,000 at 4.75% APR would have 60 monthly payments of $294.41 each, with total repayment of $17,664.60. (Includes Payment Protection Plan.)

Rates shown include relationship pricing discount of 0.25%. To get the discount, all you need is direct deposit with a checking account or automatic loan payments.
Used Motorcycle and Snowmobile Loans (Must be a Homeowner. Min. Loan Amount $5,000)
Term		APR (As Low As)	Amount
Up to 24 months		4.75%	Up to 100% of NADA Retail
25-36 months		4.75%	Up to 100% of NADA Retail
37-48 months		4.75%	Up to 100% of NADA Retail
49-60 months		5.00%	Up to 100% of NADA Retail
61-66 months		5.25%	Up to 100% of NADA Retail
67-72 months		5.75%	Up to 100% of NADA Retail
Payment Example: A Typical Used Motorcycle/Snowmobile Loan of $8,000 at 4.75% APR would have 36 monthly payments of $247.09 each, with total repayment of $8,895.24. (Includes Payment Protection Plan.)

Rates shown include relationship pricing discount of 0.25%. To get the discount, all you need is direct deposit with a checking account or automatic loan payments.
Signature/Personal/Unsecured Loans [Includes loans for Auto’s more than 5 yrs old and less than $5000, Home Improvement, Pool, Computer, ATV, Jet Ski, Farm Equipment, etc.]
Term		APR (As Low As)	Amount
Up to 24 months		10.50%	Up to $40,000
25-36 months		10.75%	Up to $40,000
37-48 months		11.00%	Up to $40,000
49-60 months		11.25%	Up to $40,000
Payment Example: A Typical Home Improvement of $8,000 at 11.00% APR would have 36 monthly payments of $274.88 each, with total repayment of $9,895.68. (Includes Payment Protection Plan.)

Rates shown include relationship pricing discount of 0.25%. To get the discount, all you need is direct deposit with a checking account or automatic loan payments.
Smart Line of Credit The Smart Line will provide you with Fast Ca$h at a low APR of just 10.00%. Want an even greater value? We’ll convert your APR to 9.75% when you qualify for preferred pricing by having an AmeriCU checking account and direct deposit.
Term		APR	Amount	Security
Open		9.75%	Up to $5,000	Signature Only
Payment Example: Compare a $1000, 12 month unsecured loan with a Smart Line of Credit advance of $1000. The rate for the unsecured loan could be as low as 10.75% with a required minimum monthly payment of $88.33. The rate for the Smart Line of Credit is 10% (9.75% with checking & direct deposit). The required minimum monthly payment would be just $30 (minimum payment is $30 per thousand outstanding). Higher payments can be made, but they are not required.

VIP Line of Credit
Term		APR	Amount	Security
Open		15.90%	Up to $5,000	Signature Only
Payment Example: A typical VIP Loan of $3,000 at 15.9% APR would have a monthly payment of $90.00 each. Payments are $30 per thousand or part of per month.

Share Pledge
Term		APR	Amount	Security
Up to 144 months		4% above share rate	Maximum amount of shares	Any share account (except checking or (IRA)
Payment Example: A typical Share Pledge Loan of $3,000 at 9.50% APR would have 24 monthly payments of $137.76 each, with total repayment of $3,305.98, including our Payment Protection Plan

Certificate Pledge
Term		APR	Amount	Security
Limited to date of certificate maturity		3% above certificate rate	$500 up to certificate amount	Certificate
Payment Example: Payments of interest only are required during repayment of loan. Monthly interest payment + balloon of principal and interest due at maturity. May be extended if certificate is renewed.

Credit Cards
Type	APR	Annual Fee	Late Fee	Notes
Platinum VISA	7.90%	NONE	$25.00	Minimum payment is 1/48th of balance or $10.00 whichever is greater. Credit limits based on ability to repay. Returned check fee is $25. Minimum credit line is $5,000, Maximum credit line is $40,000. Minimum Finance Charge is $0.50.
VISA Gold	10.90%	NONE	$25.00	Minimum payment is 1/48th of balance or $10.00 whichever is greater. Credit limits based on ability to repay. Returned check fee is $25. Minimum credit line is $2,500, Maximum credit line is $25,000. Minimum Finance Charge is $0.50.
Classic VISA	13.90%	NONE	$20.00	Minimum payment is 1/48th of balance or $10.00 whichever is greater. Credit limits based on ability to repay. Returned check fee is $25. Minimum credit line is $500, Maximum credit line is $5,000. Minimum Finance Charge is $0.50.
iQ VISA Gold	10.90%	NONE	$20.00	Minimum payment is 1/48th of balance or $10.00 whichever is greater. Credit limits based on ability to repay. Returned check fee is $25. Minimum credit line is $500, Maximum credit line is $500. Minimum Finance Charge is $0.50.
Classic MasterCard	12.90%	$12.00	$20.00	Minimum payment is 1/48th of balance or $10.00 whichever is greater. Credit limits based on ability to repay. Returned check fee is $25. Minimum credit line is $500, Maximum credit line is $5,000. Minimum Finance Charge is $0.50

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AmeriCU Credit Union is an Equal Opportunity, Equal Housing Lender.
Membership Restrictions Apply.