Loan Rates
If you have a Debit Card with Labor Management Federal Credit Union and are 30 days late on a loan payment your Debit Card will be deactivated until the payment is made.
Auto Loans
| Make | Term | A 850-680 |
B 679-640 |
C 639-600 |
D-90% LTV 599-555 |
E-85% LTV 554 > |
|---|---|---|---|---|---|---|
| 2023-2025 | 84 Months | 7.00% | 8.00% | 10.00% | 12.50% | 17.50% |
| 2023-2025 | 72 Months | 6.50% | 7.50% | 9.00% | 11.50% | 17.00% |
| 2023-2025 | 60 Months | 6.00% | 7.25% | 8.00% | 11.00% | 16.50% |
| 2021-2022 | 12-72 Months | 6.75% | 7.75% | 9.50% | 11.50% | 16.50% |
| 2017-2020 | 12-60 Months | 7.00% | 7.50% | 8.50% | 12.00% | 17.00% |
| 2016-Older | 12-36 Months | 9.50% | 10.50% | 11.50% | 13.00% | 15.00% |
Signature Loans
| Type | Term | $9,500 A 850-680 |
$5,000 B 640-679 |
$3,500 C 600-639 |
$800 D-90% LTV 555-599 |
$500 E-85% LTV Under 554 |
|---|---|---|---|---|---|---|
| Max Term 60 Months | 60 Months | 11.50% | 12.50% | 13.50% | 15.00% | 18.00% |
| 12-48 Months | 48 Months | 10.00% | 10.50% | 11.50% | 15.00% | 18.00% |
CD & Share Secured Loans
| Term | APR* |
|---|---|
| 6 Months | 0.40% |
| 12 Months | 0.40% |
| 18 Months | 0.55% |
| 24 Months | 0.60% |
| 36 Months | 0.65% |
| 60 Months | 0.80% |
CD AND SHARE SECURE LOANS WILL HAVE AN INTEREST RATE OF 3% ABOVE THE DIVIDEND RATE WITH A MAX TERM 60 MONTHS
Mortgage 1st & 2nd
| 90% LTV A 850-680 |
80% LTV B 679-640 |
|---|---|
| 1ST MTG 15 YEAR FIXED / 20 YEAR FIXED *MAX LOAN $250,000.00 |
|
MTG Rates are set according to the prime offering rate
Boat, Motorcycle, ATV, RV, Farm Equipment, Mowers & Trailers
| Make | Term | A 850-680 |
B 679-640 |
C 639-600 |
D 599-555 |
E 554 > |
|---|---|---|---|---|---|---|
| 2023-2025 | 84 Months | 7.25% | 8.50% | 9.50% | 12.50% | 15.50% |
| 2023-2025 | 72 Months | 6.75% | 8.00% | 9.00% | 12.00% | 15.00% |
| 2023-2025 | 12-60 Months | 6.25% | 7.50% | 8.50% | 11.50% | 14.50% |
| 2019-2022 72 Months $20,000 and above |
72 Months | 8.50% | 9.50% | 10.50% | 13.50% | 16.50% |
| 2019-2022 | 12-60 Months | 8.00% | 9.00% | 10.00% | 13.00% | 16.00% |
| 2018 & Older 60 Months $20,000 and above |
60 Months | 10.50% | 11.50% | 13.50% | 15.50% | 17.50% |
| 2018 & Older | 12-48 Months | 9.50% | 10.50% | 11.50% | 14.50% | 18.00% |
REBUILT/SALVAGE TITLES 60% OF CLEAN LOAN VALUE
Credit Cards
| Score | APR* | Limits |
|---|---|---|
| Army/Military | 6.00% | -- |
| 680-850 | 7.99% | $9,500 |
| 679-640 | 9.99% | $5,000 |
| 639-600 | 9.99% | $3,500 |
| D & E with Management Approval 17.99% | ||