Risk-Based | Loans | Savings
|
Risk Based Lending Rates
Effective April 1, 2009
|
Regular Personal Maximum Amount $15,000.00
| Empirica Score |
Tier 1
APR* |
Tier 2
APR* |
Tier 3
APR* |
Tier 4
APR* |
Tier 5
APR* |
| Term 0 - 24 months |
6.75 |
8.25 |
9.50 |
11.00 |
12.50 |
| Term 25 - 48 months |
7.00 |
8.50 |
10.00 |
11.25 |
12.75 |
| Term 49 - 72 months |
7.25 |
8.75 |
10.00 |
11.50 |
13.00 |
**New Car Maximum Amount $40,000.00
| Empirica Score |
Tier 1
APR* |
Tier 2
APR* |
Tier 3
APR* |
Tier 4
APR* |
Tier 5
APR* |
| Term 0 - 36 months |
4.00 |
5.50 |
6.75 |
8.25 |
9.75 |
| Term 37 - 48 months |
4.25 |
5.75 |
7.00 |
8.50 |
10.00 |
| Term 49 - 72 months |
4.50 |
6.00 |
7.25 |
8.75 |
10.25 |
Co-Signer(Non-Spouse) Maximum Amount $25,000.00
| Empirica Score |
Tier 1
APR* |
Tier 2
APR* |
Tier 3
APR* |
Tier 4
APR* |
Tier 5
APR* |
| Term 0 - 72 months |
7.50 |
9.00 |
10.25 |
11.75 |
13.25 |
Co-Signer( With Spouse) Maximum Amount $25,000.00
| Empirica Score |
Tier 1
APR* |
Tier 2
APR* |
Tier 3
APR* |
Tier 4
APR* |
Tier 5
APR* |
| Term 0 - 72 months |
8.50 |
10.00 |
11.25 |
12.75 |
14.25 |
***Used Cars (up to 5 years old) Maximum Amount $15,000.00
| Empirica Score |
Tier 1
APR* |
Tier 2
APR* |
Tier 3
APR* |
Tier 4
APR* |
Tier 5
APR* |
| Term 0 - 48 months |
6.25 |
7.75 |
9.00 |
10.50 |
12.00 |
*APR = Annual Percentage Rate
**100% of selling price of the car. Including tax, registration, and preparation fees.
***100% of the NADA book value of the car. Including tax, registration, and preparation fees.
The Wallingford Municipal Federal Credit Union shall be the holder of title for all automobile loans.
The Wallingford Municipal Federal Credit Union Shall be listed as lost payee on the vehicle insurance policy.
ALL LOANS FALLING INTO TIER 5 ARE SUBJECT TO THE APPROVAL OF THE CREDIT COMMITTEE.
Single premium disability insurance is available on all loans.
The maximum monthly benefit is $600.00.
APPROVED BY THE BOARD OF DIRECTORS AT THEIR MEETING OF March 19, 2009
ion| Go To Calculators| Back to Top
|
Lending Rates
Effective April 1, 2009 |
| Loans |
Maximum Amount |
Rate |
APR* |
Term |
|
| Share Secured |
$ 150,000.00 |
3.75 |
0.000 |
72 |
Calculator |
| Share Secured |
$ 150,000.00 |
4.00 |
0.000 |
84 |
Calculator |
| Share Secured |
$ 150,000.00 |
4.25 |
0.000 |
96 |
Calculator |
*APR = Annual Percentage Rate
Single premium disability insurance is available on all loans.
The maximum monthly benefit is $600.00.
APPROVED BY THE BOARD OF DIRECTORS AT THEIR MEETING OF MARCH 19, 2009
Go To Loan Application | Go To Calculators | Back to Top
|
|
Rate Changes monthly based on available dividend.
Current rate effective for month ending March 31, 2009
|
| Dividend Bearing Accounts |
Minimum Balance |
Maximum Balance
|
Dividend Rate
|
APY* |
| Regular Shares & Other Share Accounts |
$ 5.00 |
$999,999.99
|
.25
|
0.000 |
| Traditional IRA's & Roth IRA's |
$ 5.00 |
$999,999.99
|
.25
|
0.000 |
| Checking |
$ 5.00 |
$999,999.99
|
0.00
|
0.000 |
***Used Car (up to 3 years old) Maximum Amount $ 25,000.00
| Empirica Score |
Tier 1
APR* |
Tier 2
APR* |
Tier 3
APR* |
Tier 4
APR* |
Tier 5
APR* |
| Term 0 - 60 months |
6.00 |
7.50 |
8.75 |
10.25 |
11.75 |
