(Includes Motorized Vehicles)
| Loan Type* | Maximum Amount Financed | Term | APR |
|---|---|---|---|
|
New Vehicles**
|
|||
|
3 year Automobile Loan
|
100%
|
up to 36 Months
|
3.99%
|
|
4 year Automobile Loan
|
100%
|
36 to 48 Months
|
4.50%
|
|
5 year Automobile Loan
|
100%
|
48 to 60 Months
|
4.99%
|
|
6 year Automobile Loan
|
100%
|
60 to 72 Months
|
5.50%
|
|
Pre-owned***
|
|||
|
Used Cars – up to 4 years
|
100%
|
up to 48 Months
|
5.99%
|
* Before any loan is disbursed, a 5% down payment is required to be held in your savings account for the length of the loan.
**VCCFCU will finance up to 100% of the purchase price, including tax and tags for new cars, trucks, motorcycles, RVs, and motorized boats.
***VCCFCU only finances vehicles purchased from a car dealer: We do not offer vehicle financing for private sales, individual sales or lease buyouts. Please refer to our personal loans in this situation. For pre-owned cars purchased from dealerships , we will finance up to 100% of the value price on cars less than 4 years old, with terms up to 48 months.
| Visa Cards | Annual Percentage Rate for Purchases | Grace Period for Repayment of the Balance for Purchases | Method of Computing the Balance for Purchases | Annual Fees | Minimum Finance Charge | Transaction Fee for Purchases |
|---|---|---|---|---|---|---|
|
Classic Visa
|
9.90% for purchases; 11.90% for cash advances; *16.90% for Delinquency
|
25 days on purchases if balance is paid in full monthly. There is no grace period for cash advances.
|
Average daily balance (including new purchases)
|
None
|
None
|
None
|
|
Secured Visa
|
9.90% for purchases; 11.90% for cash advances; *16.90% for Delinquency
|
25 days on purchases if balance is paid in full monthly. There is no grace period for cash advances.
|
Average daily balance (including new purchases)
|
None
|
None
|
None
|
*Delinquency APR: If you fail to make the Minimum Amount Due on your account by the Payment Due Date, we will apply the Delinquency APR to the existing balance of your account if it is not current by the next billing cycle.
Late Payment Fee for all Visa cards – $20.00
Other Charges: Currently, a 1.0% fee is assessed on all international transactions when a currency conversion occurs. Effective 4/4/2008, the Visa currency conversion fee remains at 1.0%; however if Visa is not required to perform the currency conversion, there will be a fee of 0.8% on all international transactions.
| Loan Type* | Minimum Amount Financed** | Term | APR |
|---|---|---|---|
|
All Purpose Loan
|
$500
|
up to 12 Months
|
3.99%
|
|
Share Secured Loan
|
$500
|
up to 60 Months
|
3.50%
|
|
Debt Consolidation Loan
|
$500
|
up to 60 Months
|
4.99%
|
|
Unsecured Loan
|
$500
|
up to 60 Months
|
5.99%
|
|
Unsecured Loan
|
$500
|
up to 120 Months
|
9.50%
|
* Before any loan is disbursed, a 5% down payment is required to be held in your savings account for the length of the loan.
** Amount financed is based on member qualification and may need to be collateralized with co-signers.
| Overdraft | Annual Percentage Rate | Overdraft Increment | Method of Computing the Balance for Overdrafts | Annual Fees | Per Transaction Fee for Overdrafts |
|---|---|---|---|---|---|
|
Overdraft Line of Credit*
|
18.00%
|
$50.00
|
Daily Balance(including new overdrafts)
|
None
|
$2.00
|
|
Share Secured Loan
|
-
|
-
|
-
|
None
|
$15.00
|
*Subject to approval of the credit committee, a line of credit may be accessed in $50 increments, up to a limit of $500. Minimum monthly repayment is $20.00.
**Account transfer fees from savings are $15.00 per transfer and are limited to three per month.
  |
 |