Credit Card and Loan Rates

As of September 23, 2017

Car Loans

(Includes Motorized Vehicles)

Loan Type* Maximum Amount Financed Term APR
New Vehicles**
3 year Automobile Loan
100%
up to 36 Months
2.99%
4 year Automobile Loan
100%
36 to 48 Months
3.49%
5 year Automobile Loan
100%
48 to 60 Months
3.99%
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 Rates

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 – $25.00

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.

 

Personal Loan Rates

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
7.99%

* Before any loan is disbursed, a 5% down payment is required to be held in your savings account for the length of the loan.

** Amount financed is based on member qualification and may need to be collateralized with co-signers.

*** Rates based on credit scores 650 and more.  Borrowers with negative credit, regardless of credit score, including but not limited to outstanding: late payments, collection accounts, judgments, charge-offs and bankruptcies within 2 years are subject to a 4.00% interest rate increase on all of the current rates listed above.

 

Co-op Loan Rates

 

Loan Type* Minimum Amount Financed** Term APR***
Co-op Loan, up to 3 years
$500
up to 36 Months
4.49%
Co-op Loan, up to 5 years
$500
37 to 60 Months
5.99%
Co-op Loan, up to 10 years
$500
61 to 120 Months
7.99%

* Before any loan is disbursed, a 5% down payment is required to be held in your savings account for the length of the loan.

** Amount financed is based on member qualification and may need to be collateralized with co-signers.

*** Rates based on credit scores 650 and more. Borrowers with negative credit, regardless of credit score, including but not limited to outstanding: late payments, collection accounts, judgments, charge-offs and bankruptcies within 2 years are subject to a 4.00% interest rate increase on all of the current rates listed above.

 

Overdraft Rates

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
$5.00
Share Secured Loan
None
$25.00

*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 $25.00 per transfer and are limited to three per month.