Loans Disclosure Policy for New Loans Only

Effective March 22, 2018

Interest Rates are determined by the purpose of the loan request
Loans Secured by Shares   2.70%Length of Loan to be determined
Loans Secured by Share Certificates  3.70%Length of Loan to be determined
 
Student Loans:
Maximum Loan: $6,000.00
Maximum time to payoff loan not to exceed 6 years
Loan Rates:6% & 7%
Determined by Loan/Risk Evaluation Score
Interest Rate based on Credit Bureau Report, Credit Bureau Score and Credit Union History
 
New and Used Cars, Trucks, Motorcycles, Boats, Antique Vehicles (35 years or older) – Rates & Length of Loan
Antique Vehicle Rate will be New Car rate and length of loan to be determined up to 144 months
  Up to 60 Months Up to 72 Months   
2018 and 20174.90% or 6.90% 5.40% or 7.40%   
2016 and 20155.65% or 7.65% 6.15% or 8.15%   
2014 and 20136.30% or 8.30% 6.80% or 8.80%   
2012  and Older7.05% or 9.05% 7.30% or 9.30%   
 

New and Used Lawn Equipment, Small Watercraft, Non-Highway Vehicles, Tractors – Rates

2018 to 20156.45% or 8.45% 6.95% or 8.95% 7.45% or 9.45% 
2014 to 20096.95% or 8.95% 7.45% or 9.45% 7.95% or 9.95% 
2008  and Older7.45% or 9.45% 7.95% or 9.95% 8.45% or 10.45% 
$0 to $5,00036 Months   
$5,001 to $10,00048 Months   
$10,001 to $15,00060 Months   
$15,001 and Above72 Months   
 
New and Used Motor Homes, Recreational Vehicles – Rates
  Up to 60 MonthsUp To 96 MonthsTo 144 Months
2018 and 20174.90% or 6.90%5.40% or 7.40%5.90% or 7.90%
2016 and 20155.65% or 7.65%6.15% or 8.15%6.65% or 8.65%
2014 and 20136.30% or 8.30%6.80% or 8.80%7.40% or 9.40%
2012 and Older7.05% or 9.05%7.30% or 9.30%8.15% or 10.15%
 
Length of Loan for Recreational Vehicles and Shares & Share Certificate
$0 to $10,00048 Months    
$10,001 to $20,00060 Months    
$20,001 to $30,00072 Months    
$30,001 to $45,00096 Months    
$45,001 to $60,000120 Months    
$60,001 and above144 Months    
 
Unsecured Loans – Rate & Length of Loan:
Interest Rate based on Credit Bureau Report, Credit Bureau Score, and Credit Union History
1st year membershipUp to $2,000  up to 24 Months
Past the 1st yearUp to $4,000  up to 48 Months
High Credit10.75% Up to $4,000  up to 48 Months
Mid Credit12.75% Up to $4,000  up to 48 Months
 
All other Loans Secured with Proper Collateral – Rates & Length of Loan  
Interest Rate based on Credit Bureau Report, Credit Bureau Score, and Credit Union History
 10.75% or 12.75%Up to 48 Months   
 
Police Equipment Loans – Equipment must have serial number assigned to item – Rates & Length of Loan 
Interest Rate 5.75% or 7.75% – based on Credit Bureau Report, Credit Bureau Score, and Credit Union History
Up to $3,000 
Up to 24 months 
 
Rates listed are the Annual Percentage Rates (APR). All rates are subject to credit approval, and are subject to change without notice. Rates apply to new TPCU loans and refinances from other financial institutions. All rates listed are best qualifying rates. Your rate will be determined by your credit background, specific loan terms, and collateral.
Board of Directors March 21, 2018