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**APR is Annual Percentage Rate. Interest rates will be determined by a member’s individual credit score. Rates listed are for the shortest term available and members having a credit score above 720. All Credit Union loan programs, rates, terms and conditions are subject to change without notice. An additional .25% APR reduction is available when you sign up for automatic payment of your loan from a CASE checking account (must be requested at time of loan closing, excluded Business loans, credit cards, E-Z line of credit, EZCash loan, pledge loans and real estate loans). Contact the Credit Union for details. Your rate will be disclosed at the time of closing. Not all applicants will qualify. CASE membership is required. 1 - For example, if the APY on the share account is 0.25%, the APR on the pledge loan will be 2.25%. These are variable rate accounts. Interest is set at 2.00% above the rate being earned on the share or term deposit account. The approximate term will correspond to the length of the investment. There may be a balloon payment due at maturity of the deposit. The maximum APR that can apply for the term deposit pledge loan is 4.65% and the maximum APR that can apply for the share pledge loan is 2.25%. 2 - Proof of purchase may be required 3 - We will determine the periodic rate and the corresponding annual percentage rate (APR) as follows: - We start with an independent index (the "Index"), which is the Wall Street Journal Prime Rate and add a margin. Prime is a variable rate; as it changes the APR on your account will also change. We will use the most recent index value available to us as of the 25th of the month preceding each annual percentage rate adjustment. The APR will never be greater than 18% or the maximum rate allowed by the law, whichever is less. Any increase in the APR will result in a higher payment. Credit is subject to approval. A home equity line of credit is secured by a first or second mortgage lien on your home, which must be one-to-four family residential real estate. This type of credit is not available for modular homes, manufactured homes or cooperatives. The minimum line of credit amount is $5,000, and the minimum credit advance that you can receive is $15.00 for the first advance and $10.00 thereafter. Flood and/or property hazard insurance may be required. Other restrictions may apply. Additional Home Equity Line of Credit disclosures are located on the disclosures page. For each annual percentage rate adjustment, we will use the most recent index value available to us as of the 25th of the preceding month.
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