Merced School Employees Federal Credit Union

Merced School Employees Federal Credit Union
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Dividend Rates Term Savings Rates Loan Rates Mortgage Rates

Effective as of: November 1, 2017
New and Used Vehicle Loans (2011 and Newer)
Cars and trucks, 2011 and newer, registered in California. Up to 125% of MSRP plus warranty and GAP (new). Up to 125% of retail Kelley Blue Book plus warranty and GAP (used). Member's credit history determines loan to value ratio (LTV). Your rate is determined by your credit history and how long you finance your loan. *Example payment : 60 month loan at 2.89% APR is $17.92 per $1000 borrowed. Amount of warranty financing is determined by vehicle type. No MSEFCU refinance.
APR = Annual Percentage Rate
TermBest Annual Percentage Rate*Current Promotional Rate**
up to 60 monthsas low as 2.89%as low as 2.29% thru 11/30/17
61-84 monthsas low as 3.39%ask for details
**APR=annual percentage rate based on credit history and includes rate reducing option of .50% for automatic transfer or payroll deduction. Models 2011 and newer. 60 payments of $17.73 per $1000 borrowed (payment calculated with first payment in 90 days). Longer terms available. First Payment up to 90 days away. Offer ends November 30, 2017. Rates, terms and conditions subject to change.
Used Vehicle Loans (2006-2010)
Cars and trucks, 2006-2010, registered and titled in California. Based on credit history. Up to 125% of retail Kelley Blue Book, plus warranty and GAP. Amount of warranty financing is determined by vehicle type.
TermBest Annual Percentage Rate*
up to 60 monthsas low as 5.49%
61-84 monthsas low as 5.99%
 
Boats, RV's, Travel Trailers, etc. (2011 and newer) registered and titled in California.
For RV's, beyond 84 months, add .25% for each additional year, not to exceed 120 months. Rate reducing options do not apply to terms exceeding 84 months.
TermBest Annual Percentage Rate*
up to 60 monthsas low as 2.89%
up to 61-84 monthsas low as 3.39%
Boats, RV's, Travel Trailers, etc. (2006-2010) registered and titled in California.
For RV's, beyond 84 months, add .25% for each additional year, not to exceed 120 months. Rate reducing options do not apply to terms exceeding 84 months.
TermBest Annual Percentage Rate*
up to 60 monthsas low as 5.49%
61-84 monthsas low as 5.99%
 
Motorcycle Purchase
New up to 100% of purchase price. Used up to 100% of retail KBB 2011 and newer.
TermBest Annual Percentage Rate*
up to 60 monthsas low as 5.49%
 
Houseboats/Yachts
Up to 80% of purchase price for new. Up to 80% of appraisal/evaluation value for used. Follow all other conditions as defined under New and Used Vehicles Loans. Rate reducing options do not apply to terms exceeding 84 months. Ask for details on rates and terms for houseboats/yachts 2006-2010.
TermBest Annual Percentage Rate*
up to 60 monthsas low as 2.89%
61-84 monthsas low as 3.39%
 
*Best Rate!
To get the "Best" interest rate you must set up your loan on automatic payment or payroll deduction to reduce your rate by .50%. The "Best" interest rate is based on your credit history when applying for a new or used vehicle, boat, RV or travel trailers.
 
Personal Loans
AmountTermAnnual Percentage Rate
Up to $25,000up to 60 monthsas low as 11.75%
Your rate is determined by your credit history. Minimum payment $35 per month.
 
Energy Efficient Loan - Drought Resistant Loan
AmountTermBest Annual Percentage Rate*
up to $40,000up to 84 monthsas low as 5.99%
up to $40,00085-180 monthsas low as 6.50%
*APR=annual percentage rate based on credit history and includes rate reducing option of .50% for automatic transfer or payroll deduction. Example payment: 84 month loan at 5.99% APR is $14.61 per $1000 borrowed. The Amount to be borrowed is determined by your credit history. Must own the home and be your primary residence. Purchases must be energy efficient. Equal Housing Lender. Rates, terms and conditions subject to change.
 
VISA
TypeVisa Credit Card AgreementAnnual Percentage Rate
Share SecuredVisa Share Secured Credit Card Disclosure8.25%
ClassicVisa Classic Credit Card Disclosure10.75%
Student Visa (Limit $300 to $500)Visa Student Credit Card Disclosure14.50%
No Annual Fee, 25-Day Grace Period on Purchases, 2% of the balance due, or minimum payment of $25 per month.
 
Share Secured Loans
TypeTermAnnual Percentage Rate
Share Secured Loansup to 60 months3.75%
Minimum loan $1000.
Term Savings3.00% above Term Rate
Minimum rate on loan secured by Term Savings, will not go lower than share secured rate.
 
Checking Credit Line(Overdraft Protection)
Checking Credit Linerevolving 12.00%
Payment 2% of approved credit limit per month, regardless of balance with a minimum payment of $25 per month.
 
Health Savings Account (HSA) Loan
Type TermAnnual Percentage Rate
HSA Loanup to 24 monthsas low as 9.00%
Up to $3,400 individual coverage and up to $6,750 family coverage. Over age 55 additional $1,000 can be borrowed. Your rate is determined by your credit history. Minimum payment $35 per month.
 
Board Action 2/28/17
 

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Merced School Employees Federal Credit Union