Secured Loans LUSO Federal Credit Union 2016-02-08 00:06:22 Not Assigned
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Lending Rates Effective as of May 22, 2017. Rates are subject to change without notice.

Personal Secured Loans

“TERM SHARE” SIGNATURE LINE OF CREDIT No Processing Fee! No Annual Fee!

Minimum LoanMaximum LoanTermRateAPR
NoneMax 95% Value of Term ShareRevolvingTerm Share Rate Plus 4.000%Term Share Rate Plus 4.000%
APR: Annual Percentage Rate is based on a $5,000.00 loan amount, unless otherwise noted.
– Daily Periodic Rate is based on Term Share rate plus 4.000%
– Annual Percentage Rate Adjustment: The interest rate shall be fixed at a rate of 4.00% above the Certificate of Deposit Rate securitizing this Certificate of Deposit Line of Credit for the life of the loan. Any adjustment in the rate on the Certificate of Deposit being held as collateral against said loan will result in an adjustment on the rate on the line of credit. Any increase in the Annual Percentage Rate will result in an increase of the amount of finance charge and the amount of the monthly payment.
– Minimum Payment: Your minimum monthly payment will be 2.00% of your daily outstanding balance plus the amount of any prior minimum payments that you have not made or $25.00, whichever is greater.

SHARE SECURED LOAN $20.00 Processing Fee

Share TypeMaximum LoanTermRateAPRPayment per
$1,000
Borrowed
SavingsMax 95% of Share Balance at
Time of Loan Disbursement
1 YearShare Rate
PLUS 3.000%
Share Rate
PLUS 3.757%
$86.40
Term
Certificate
Max 95% of Term Share/IRA
Balance at Time of Loan
Disbursement
1 Year or
Maturity Date
Term Share
Rate PLUS
4.000%
Term Share Rate
PLUS 4.763%
$86.87
– Savings Share Secured APR: Annual Percentage Rate is based on a $5,000.00 loan amount, unless otherwise noted.
– Term Certificate Secured APR: Annual Percentage Rate is based on a $5,000.00 loan amount, unless otherwise noted.