Automobile Rates Speciality Vehicle Rates

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Automobile Rates Effective 1/01/2008

Loan Types (maximum loan amount: $60,000)	Approx.Term	Daily Periodic  Rate	APR*
New/Recent Auto/ Motorcycle(2005-2008)	24 Months	0.015068%	5.50%
(maximum $60,000.00)	36 Months	0.015753%	5.75%
	48 Months	0.015753%	5.75%
	60 Months	0.017808%	6.50%
Used Auto/ Motorcycle (2003-2004)	24 Months	0.017123%	6.25%
(maximum $60,000.00)	36 Months	0.019178%	7.00%
	48 Months	0.019178%	7.00%
	60 Months	0.019178%	7.00%
Used Auto (2002 or Older)	36 Months	0.019863%	7.25%

*APR = Annual Percentage Rate  / See applicable disclosures at the bottom of the page. 

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Specialty Vehicle Rates Effective 1/01/2008

Loan Type  (maximum loan amount: $75,000)	Approx. Term	Daily  Periodic Rate	APR*
New RV/Boat	up to 60 Months	0.019178%	7.00%
(maximum $75,000.00)	up to 120 Months	0.019178%	7.00%
	up to 180 Months	0.020548%	7.50%
	up to 240 Months	0.021918%	8.00%
Used RV/Boat	up to 60 Months	0.020548%	7.50%
(maximum $75,000.00)	up to 120 Months	0.021918%	8.00%
	up to 180 Months	0.023288%	8.50%
	up to 240 Months	0.024658%	9.00%

*APR = Annual Percentage Rate /  See applicable disclosures at the bottom of the page. 

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Additional disclosures triggered by our open-ended lending program:

Late Charge:  If your monthly payment is not received within 15 days of the due date, you will be charged 10% of your outstanding loan balance or $10.00, whichever is less.

Collection Cost:  You agree to pay all costs of collecting the amount you own under this agreement including court costs and reasonable attorney fees not in excess of 15% of the unpaid debt.

Share Secured:  The Annual Percentage Rate (APR) will be the dividend rate being paid on the regular shares (index) on the date of the advance plus 3%.  If there is an existing balance on the date of the new advance, the existing balance will be added to the new advance and the entire balance will be at the new APR.  The rates are subject to change when the regular share rate changes to reflect any change in the index.  Any increase in the APR will take the form of more payments of the same amount until what you owe has been repaid.

Certificate Secured:  The Annual Percentage Rate (APR) will be the dividend rate being paid on the Certificate offered as security (index) plus 3%.  The advance will be made for the length of the certificate only.  The APR and Daily Periodic Rate will be disclosed at the time of the advance.

Vendors Single Interest:  As a condition of receiving an automobile advance, you must obtain single interest automobile coverage.  You may obtain the single interest auto insurance from anyone you want that is acceptable to the credit union.  If you get the insurance from the credit union, you will pay $25.00.  This rate is subject to change.  All subrogation rights are waived by the insurer.

Payroll Deduction:  A term and condition of the loan is the credit Union shall receive the monthly payment due for the loan through the Commonwealth of Massachusetts payroll deduction program for the full duration of the loan.  The termination by the Borrower of the payroll deduction shall be considered a condition of default.