Loan Rates

Car/Truck

Never Titled: Loan amount up to 100% of Market Value
Previously Titled: Loan amount up to 100% of NADA Retail Value

Model Year	Term	APR*+
2013 and newer	Up to 3 years	1.99%
2019 and newer	Over 3 years, up to 6 years	1.99%
2018	Over 3 years, up to 5 years	1.99%
2017	Over 3 years, up to 4 years	1.99%

Collectible/Luxury

Info	Term	APR*+
Loan amount up to 100% of "good" market value as listed in Black®Book® CPI publication	Up to 5 years	2.99%

Motorcycle/ATV/UTV

Never Titled: Loan amount up to 100% of Market Value
Previously Titled: Loan amount up to 100% of NADA Retail Value

Model Year	Term	APR*+
2019 and newer	Up to 6 years	4.74%
2018	Up to 5 years	4.74%
2017	Up to 4 years	4.74%
2013-2016	Up to 3 years	4.74%

Recreational Vehicle

Never Titled: Loan amount up to 100% of Market Value
Previously Titled: Loan amount up to 100% of NADA Retail Value

Model Year	Term	APR*+
2019 and newer	Up to 10 years	4.74%
2018	Up to 9 years	4.74%
2017	Up to 8 years	4.74%
2016	Up to 7 years	4.74%
2015	Up to 6 years	4.74%

Closed-End, Fixed Rate¹

80% Loan to Value	Term	APR*+
80% of home value less encumbrances/liens	Up to 5 years	3.74%
80% of home value less encumbrances/liens	Over 5 years, up to 10 years	4.49%
80% of home value less encumbrances/liens	Over 10 years, up to 15 years	5.24%

90% Loan to Value(must be primary residence)	Term	APR*+
90% of home value less encumbrances/liens	Up to 5 years	4.24%
90% of home value less encumbrances/liens	Over 5 years, up to 10 years	5.24%
90% of home value less encumbrances/liens	Over 10 years, up to 15 years	5.99%

Line of Credit¹

FIXED RATE
Loan to Value	Term	APR*+
80% of home value less encumbrances/liens	Up to 15 years	7.75%
90% of home value less encumbrances/liens (must be primary residence)	Up to 15 years	8.25%

VARIABLE RATE
Loan to Value	Term	APR*
80% of home value less encumbrances/liens with direct deposit payments	Up to 15 years	5.00%
80% of home value less encumbrances/liens without direct deposit payments	Up to 15 years	5.00%

Variable Home Equity Line of Credit Rate is based on the 13-week Treasury Bill plus 3.50% and in no event will this rate be more than 6% above the initial APR* and never lower than 5%.
Adjustments to the APR* on the Variable Rate Home Equity Line of Credit Loan will take effect quarterly on the first day of January, April, July and October.

¹ Minimum Loan Amount: $5,000.  Note: Existing FirstEnergy Choice Federal Credit Union closed-end home equity loans and home equity line of credit loans may be refinanced with additional new money of at least $5,000 over the outstanding loan balance at the date the loan application is received.  

¹ Settlement Fees: If new money is $10,000 or more, the Credit Union will waive up to $500 of the settlement fees on closed-end and up to $510 on open-end loans.  If new money is less than $10,000, settlement fees will be charged.  Member will be charged for fees incurred by the Credit Union when applying for a home equity loan within three months of closing another home equity loan on the same property at the Credit Union.

Term	APR*+
Up to 1 year term	7.24%
Over 1 year, up to 4 years	9.24%
Over 4 years, up to 5 years	9.49%

Term	APR*+
Up to 5 years	2.49%

SHARE CERTIFICATE SECURED 2.50% over the certificate rate, term not to exceed the maturity date of the certificate.

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