Automobile Rates

The Annual Percentage Rates (APR), corresponding daily rates and amount and due date of payments for each loan sub-account are show below.  If there is no payment schedule, the amount and due date of payments will be determined at the time of each advance and disclosed on the Advance Request Voucher.  Other charges that may be imposed are also shown below (i.e., late charges, filing fees, collection costs).

LEXINGTON POSTAL CREDIT UNION

Loan Programs Annual Percentage Rates (APR)

Effective 09/12/07

 INTEREST RATE PRICING TIERS

(Based upon Credit Bureau Score)  

Credit Score

Credit Union Grade

Rate Structure

700 or higher

A+

Base Rate - .50%

650 – 699

A

Base Rate

600 – 649

B

Base Rate + 1.00%

550 – 599

C

Base Rate + 3.00%

Less than 550

D

Base Rate + 5.00%

 SIGNATURE LOANS       Up to 2 years        10.50% APR Base

                                               3 years          11.50% APR Base

                                                4 years         14.00% APR Base

 NEW VEHICLE LOANS            36 months    4.50% APR Base

     100% Financing                    48 months    5.00% APR Base

                                                60 months    5.50% APR Base

       $25,000 over                      72 months    6.50% APR Base

 USED VEHICLE LOANS  

            Up to 2 years old - 100% NADA Retail   5.75% APR Base

            3 to 7 years old -    90% NADA Retail    6.25% APR Base

            8 years and older -  80% NADA Retail   6.75% APR Base

 FIRST MORTGAGE       Up to 80%   20 years    Ask Financial Rep

SECOND MORTGAGE   Up to 80%   15 years    7.25% APR Base

HOME EQUITY LOAN   Up to 80%   15 years  .25% above Prime

SHARE SECURED LOAN      not rate priced        3.50% APR