Lending Rate Schedule
Premier Credit Union uses personalized lending rates based on a borrower's credit worthiness, account relationship with the credit union and usage of other credit union products and services. Rates shown are the lowest rate available. Not every borrower will qualify for the same rate. Rates are non-variable unless otherwise noted.
Autos
| Term | Down-payment | APRs include all Loyalty Rate Discounts |
| 2009 and Newer 1 to 36-Months | 0% | 1.99% |
| 2009 and Newer 37 to 48-Months | 0% | 2.99% |
| 2009 and Newer 49 to 66-Months | 0% | 3.99% |
| 2009 and Newer 67 to 78-Months | 0% | 4.99% |
| 2008 and Older 1 to 36-Months | 0% | 1.99% |
| 2008 and Older 37 to 48-Months | 0% | 2.99% |
| 2008 and Older 49 to 66-Months | 0% | 3.99% |
| 2008 and Older 67 to 78-Months | 0% | 4.99% |
APR = Annual Percentage Rate. Rates quoted with all available discounts, subject to change, based on credit history, and effective as of July 1, 2010. An additional .50% will be added to the loan rate if loan is not set up for payroll deduction, automatic payment or ACH debit of loan payment. Call Credit Union for full details.
Ames Grand Opening Special
1.99 Special = Rate quoted is for new money, 2.000% will be added when refinancing a current Premier Credit Union auto loan. Terms and conditions apply. Payment Example: $10,000 loan on a 2009 vehicle for a term of 36 months with a 1.99% APR, the monthly payment = $286.40.
2.99 Special = Rate quoted is for new money, 1.000% will be added when refinancing a current Premier Credit Union auto loan. Terms and conditions apply. Payment Example: $10,000 loan on a 2009 vehicle for a term of 48 months with a 2.99% APR, the monthly payment = $221.32
3.99 Special = Rate quoted is for new money, 0.50% will be added when refinancing a current Premier Credit Union auto loan. Terms and conditions apply. Payment Example: $10,000 loan on a 2009 vehicle for a term of 66 months with a 3.99% APR, the monthly payment = $169.02.
Recreational Vehicles
| Term | Down-payment | APRs include all Loyalty Rate Discounts |
| 48-Months | 0% | 6.25% |
| 60-Months | 0% | 6.50% |
| 72-Months | 0% | 6.75% |
| Other Terms Available |
Payment example: $20,000 loan on a recreational vehicle for a term of 60 months with a 6.50% APR, the monthly payment will be $391.30. Rates subject to change and effective as of July 1, 2010.
Home Equity and Home Mortgage
| Loan Type | Term | Loan to Value | APRs include all Loyalty Rate Discounts |
| Variable Home Equity Line of Credit* | 30-yrs. | Up to 100%*** | 4.75% |
| Fixed Closed End Home Equity** | 30-yrs. | Up to 100%*** | 6.75% |
Home Mortgage Programs - Contact Eric Shade at (515) 245-3546 for current rate information.
Construction Loan Programs - Contact Gary Ellwod at (515)724-3527 for current rate information.
*10 year variable draw period, amortized over a 30 year term. **5 year fixed rate balloon, amortized over a 30 year term. *** Base on credit.
Payment example: $20,000 Fixed Closed End Home Equity with a 10 year variable draw period, amortized over a 30 years at 6.75% APR, the monthly payment will be $129.76. A Home Equity Loan or Line of Credit (HELOC) is available on an owner-occupied dwelling located only in Iowa or Iowa border counties in other states. Property insurance is required. There are no fees if the home's assessed value is used. If the home's appraised value is used, a current appraisal is required. An appraisal's estimated cost, which the borrower pays, ranges from $325 to $375. HELOC variable-rate may change after the account opening. HELOC variable-rates are indexed to the Prime Rate as published in the Wall Street Journal on March 31, June 30, September 30 and December 31. The rate may change quarterly on January 1, April 1, July 1 and October 1 with changes to the Prime Rate on the dates noted above. The Prime Rate as of July 1, 2010, was 3.25%. The variable-rate minimum APR is 4.75% and maximum APR is 18%. A $500 fee will be assessed if a Home Equity Loan or Home Equity Line of Credit is closed within the first 24 months. Minimum HELOC initial draw is $2,500 with minimum $500 subsequent draws.
A Home Mortgage is available only to Iowa property or Iowa border counties in other states.
MasterCard® Credit Cards
| Program Level | Minimum Credit Limit | APR |
| Platinum | $5,000 | 7.99% APR |
| Gold | $2,000 | 10.99% APR |
| Classic | $500 | 13.99% APR |
If finances charges accrue on MasterCard credit cards, there is a minimum finance charge of $0.50.
Credit Card Agreement
Apply for a MasterCard Credit Card
Personal
| Loan Type | Term | APRs include all Loyalty Rate Discounts |
| Overdraft Protection Line of Credit | N/A | 15.00% |
| Unsecured Personal - Back to School Loan | 12-months | 2.99% |
| Unsecured Personal | 18-months | 9.95% |
| Unsecured Personal | 24-months | 11.95% |
| Unsecured Personal | 36-months | 13.95% |
| Share Secured | 2% over deposit APR |
Minimum $50 monthly payment is required on all Overdraft Protection Lines of Credit with an outstanding balance. Payment example: $5,000 unsercured personal loan for a term of 24 months with a 11.95% APR, the monthly payment will be $235.19. Rates subject to change and effective as of July 1, 2010.
Ask us how you can earn up to 1% off your loan rate with our Loyalty Discount Program.
Account Disclosures
Calculators
For the most current rates, hit your "Refresh" or "Reload" button. Rates effective as of July 1, 2010 and are subject to change. All rates are annual percentage rates (APR) unless otherwise noted. All loan financing based upon credit qualifications.
