GEMC Federal Credit Union

* Rates and other terms may change at anytime without prior notice

Vehicle/Recreation Loans

Revolving Loans

Maximum Amount

Maximum Terms

Annual
Percentage
Rate

1. New Cars and Trucks

Up to 100% of purchase
price to qualified
members

Loan Amount: $40,000 and Under

Loan Amount: $40,001 and Higher

approx 0-36 MO.

approx 37-60 MO.

approx 61-72 MO.

approx 73-84 MO.

4.95% - 15.25%

5.00% - 17.50%

5.50% - 8.75%

5.95% - 9.50%

2. New Boats,
Recreational Vehicles

85% of list price

Amount Borrowed Over $50,000

72 MO.

180 MO.

7.90%

8.90%

3. New Tractors

Minimum of $5,000 up to $15,000

approx 60 MO.

10.90%

4. New Motorcycles

90% of list price

approx 48 MO.

9.90%

5. New ATV's

90% of list price

approx 24 MO.

10.90%

For loans 1-5: Must be current year model only. (Untitled, with odometer less than 5,000 miles)

6. Used Cars and Trucks

Vehicles up to 7 Years Old
Up to 100% of purchase price or existing loan balance to qualified members.

Loan Amount: Up to $5,000

Loan Amount: $5,000 to $8,000

Loan Amount: $8,001 to $20,000

Loan Amount: $20,001 and Higher

approx 0-36 MO.

approx 37-48 MO.

approx 49-60 MO.

approx 61-72 MO.

4.95% - 15.25%

5.00% - 17.50%

5.50% - 17.50%

5.50% - 8.75%

7. Used Boats,
Recreational Vehicles

N.A.D.A. Retail Value

Amount Borrowed Over $15,000

Amount Borrowed Over $50,000

approx 48 MO.

approx 60 MO.

approx 180 MO.

10.90%

8.25%

8 .90%

8. Used Motorcycles

N.A.D.A. Retail Value

approx 24 MO.

10.90%

9. Used ATV's

N.A.D.A. Retail Value

approx 12 MO.

10.90%

10. New and Used yard,
garden & used farm
equipment

For Purchase Only Maximum of $10,000

approx 35 MO.

10.90%

LOANS 1 - 10: The Credit Union may require collision, fire and theft insurance coverage on these loans showing the Credit Union as loss payee. If you fail to provide this coverage, the Credit Union may purchase it for you. There is a $500 maximum deductible on collision, fire, and theft insurance.
The following notice is required by TRUTH IN LENDING ACT - REGULATION Z: You pay a FINANCE CHARGE for all money borrowed from the credit union. The FINANCE CHARGE is computed at the time each payment is made. For each day since the previous payment, the unpaid balance of your loan is multiplied by a daily periodic rate. The sum of these products equals the finance charge.
Loan policies stated are available to qualifying members. Loan policy subject to change without notice. Other terms and conditions may apply. Contact your Loan Officer for complete details.

* Rates and other terms may change at anytime without prior notice

Hybrid Cars and Trucks

Revolving Loans

Maximum Amount

Maximum Terms

Annual
Percentage
Rate

1. New Cars and Trucks

Up to 100% of purchase
price to qualified
members

Loan Amount: $40,000 and Under

Loan Amount: $40,001 and Higher

approx 0-36 MO.

approx 37-60 MO.

approx 61-72 MO.

approx 73-84 MO.

4.85% - 15.25%

4.95% - 17.50%

5.30% - 8.65%

5.55% - 9.50%

Hybrid Cars and Trucks

2. Used Cars and Trucks

Vehicles up to 7 Years Old
Up to 100% of purchase price or existing loan balance to qualified members.

Loan Amount: Up to $5,000

Loan Amount: $5,000 to $8,000

Loan Amount: $8,001 to $20,000

Loan Amount: $20,001 and Higher

approx 0-36 MO.

approx 37-48 MO.

approx 49-60 MO.

approx 61-72 MO.

4.85% - 15.25%

4.95% - 17.50%

5.30% - 8.65%

Secured/Personal Loans
	Maximum Amount	Maximum Terms (TERMS FOR CALCULATING MONTHLY PAYMENT)	Annual Percentage Rate
1. Personal	Employed Credit Limit *	approx 0-48 MO.	7.90%-17.90%
2. Savings	100% of total deposit	approx 120 MO.	5.00%
3. Savings Certificates	100% of total deposit	approx 240 MO.	2.00% above Certificate Rate
Continuous Income-Credit Limit (Total credit limit may be divided between personal loan and/or VISA) Up to 1 Year: 15% of gross annual pay up to $3,500 total unsecured. 1-3 years: 20% of gross annual pay up to $7,500 total unsecured. 3-5 years: 25% of gross annual pay up to $10,000.00 total unsecured. Over 5 years: 30% of gross annual pay up to $30,000.00 total unsecured.*

Real Estate Loans
	Maximum Amount	Maximum Terms	Annual Percentage Rate
1.Real Estate Equity Loan Vacant Lots/Land (Purchase Money Only)	80 % of appraisal or purchase price, whichever is less, first mortgage only, maximum $150,000	approx. 180 MO.	1.00% above Prime Rate (Current Floor 7.50% APR)
2. Equity Access Loan / Single Family Primary Residence / Vacation Home (Non Rental) / Mobile Home Including Lot	80% of appraisal, less any mortgage balance, maximum $250,000	approx. 180 MO.	1.00% below Prime Rate (Current Floor 5.00 APR)*
3.Equity 100 Single Family Primary Residence	100% of appraisal, less any mortgage balance, maximum $75,000	approx. 84 MO.	2.50% above Prime Rate (Current Floor 8.50% APR)
4.Prime Equity Loan Single Family, Primary Residence	80% of tax assessment, less any mortgage balance, max $100,000	approx. 180 MO.	1.00% below Prime Rate (Current Floor 5.00% APR)*
5.Member Advantage Loan Single Family, Primary Residence	90% of Appraisal less any mortgage balance. Maximum $75,000	approx. 180 MO.	1.00% above Prime (Current Floor 8.00% APR)
Member pays no closing costs on loans 2 - 5 (above) if the first advance is over $10,000 and open for 2 years or more. Consult your tax advisor for the tax benefits of a GEMC FCU Home Equity Loan ALL LOANS NOTICE: Truth in Lending Act-Regulation-Z: You Pay a FINANCE CHARGE for all money borrowed from the credit union. The FINANCE CHARGE is computed at the time each payment is made. For each day since the previous payment, the unpaid balance of your loan is multiplied by a daily periodic rate. The sum of these products equal to the finance charge. *Rate special is good for one year from date of loan closing. Rate will adjust to current interest rate, but not more than a 2% increase in the APR.