Loan Rates
New Vehicles
| Vehicle Year | Terms | APR* Range |
|---|---|---|
| New | up to 84 months | 6.00% - 16.40% |
| New | up to 72 months | 5.75% - 16.15% |
| New | up to 60 months | 5.45% - 15.90% |
| New | up to 48 months | 5.25% - 15.65% |
Payment example - $30,000.00 loan amount @ 8.40% APR* for 84 monthly payments of $473.57
Used Vehicles
| Vehicle Year | Terms | APR* Range |
|---|---|---|
| 2021-2024 | up to 84 months | 7.75% - 16.90% |
| up to 72 months | 7.00% - 16.65% | |
| up to 60 months | 6.00% - 16.40% | |
| up to 48 months | 5.75% - 16.15% | |
| 2018-2020 | up to 84 months | 7.75% - 18.00% |
| up to 72 months | 7.00% - 17.65% | |
| up to 60 months | 6.00% - 16.65% | |
| up to 48 months | 5.75% - 16.40% | |
| Older-2017 | up to 84 months | 7.75% - 18.00% |
| up to 72 months | 7.00% - 18.00% | |
| up to 60 months | 6.75% - 17.15% | |
| up to 48 months | 6.50% - 16.90% |
Payment example - $20,000.00 loan amount @ 8.65% APR* for 72 monthly payments of $357.02
New Motorcycles, Boats, RVs & Other Collateral
| Vehicle Year | Terms | APR* Range |
|---|---|---|
| New | Up to 180 months** | 8.90% - 18.00% |
| New | Up to 120 months** | 8.65% - 18.00% |
| New | Up to 90 months | 7.75% - 18.00% |
| New | Up to 72 months | 7.00% - 17.15% |
| New | Up to 60 months | 6.50% - 16.15% |
| New | Up to 48 months | 6.00% - 15.90% |
Payment example - $40,000.00 loan amount @ 10.15% APR* for 90 monthly payments of $636.63
** Motorcycles are not eligible for terms above 90 months
Used Motorcycles, Boats, RVs & Other Collateral
| Vehicle Year | Terms | APR* Range |
|---|---|---|
| 2021-2024 | up to 180 months** | 9.15% - 18.00% |
| up to 120 months** | 8.90% - 18.00% | |
| up to 90 months | 8.50% - 18.00% | |
| up to 72 months | 8.00% - 17.90% | |
| up to 60 months | 7.75% - 16.90% | |
| up to 48 months | 7.50% - 16.65% | |
| Older-2020 | up to 180 months** | 10.15% - 18.00% |
| up to 120 months** | 9.90% - 18.00% | |
| up to 90 months | 8.50% - 18.00% | |
| up to 72 months | 8.00% - 18.00% | |
| up to 60 months | 7.75% - 17.90% | |
| up to 48 months | 7.50% - 17.65% |
Payment example - $20,000.00 loan amount @ 11.40% APR* for 90 monthly payments of $331.57
** Motorcycles are not eligible for terms above 90 months
Mortgage
Home Equity Line of Credit
Variable Rate tied to Prime Rate as of December 15th of prior year (floor of 4.00%)
8.50% as of December 15th, 2023
Discount of .50% if credit score is over 700 at approval (floor of 4.00%)
Variable rate, may change annually starting January 1st
** rates are indication only and subject to change daily
Fixed Rate 2nd Mortgage
Terms up to 240 months.
At this time, the rates are between 7.00% and 12.00% APR.
Closing costs are typically less than $2,500.00. Upstate Federal Credit Union does not charge origination fees.
Payment Example
$50,000 loan amount @ 8.50% APR* for 180 monthly payments of $492.43
Land
Up to 10 Year Fixed Land Loans, APR 8.75%
80% LTV (Loan to Value) if the land is located in a subdivision of comparable land lots that have been sold in the last two years and the purpose of the lots is residential construction.
75% LTV (Loan to Value) if the land is located in a subdivision of comparable land lots that have NOT been sold in the last two years and the purpose of the lots is residential construction.
65% LTV (Loan to Value) if not located in a subdivision of comparable land lots that have sold in the last two years.
Maximum acreage 5 acres
Payment Example
$50,000 loan amount @ 8.75% APR* at 120 monthly payments of $626.65
Personal
Personal loans are available for a term up to 48 months.
Daily Periodic Rate (DPR) Range of: 0.028767% - 0.049315%
Annual Percentage Rate (APR) Range of: 10.50% - 18.00%
APR base of: 13.50%.
Payment example - $5,000.00 loan amount @ 13.75% APR* for 48 monthly payments of $136.78
Other
Overdraft Line of Credit
Daily Periodic Range (DPR): 0.049315%
Annual Percentage Rate Base is 18.00%
Share Secured Loan
Up to 60 Months
Daily Periodic Range (DPR): 0.006164%
Annual Percentage Rate is 2.25% APR* when secured by Primary Share account.
Payment example - $2,500.00 loan amount @ 2.25% APR* for 24 monthly payments of $106.63
Risk Based Pricing
Effective Date: 6/08/2023
The base rates and future risk adjustments are proposed to the Board of Directors by the Asset Liability Committee.
The following percentage increases or decreases are to be applied to the established Base Rates according to the credit score. On a joint application, Loan Officers are to use the highest score of the applicants. On applications where no credit score is available - the loan would be priced as if the score was less than 550.
Loan Officers are not permitted to vary from this pricing, unless it is via an approved policy. All loans subject to credit approval.
| Credit Score | Rate |
|---|---|
| < 550 | Base Rate + 8.00% |
| 550-599 | Base Rate + 6.00% |
| 600-624 | Base Rate + 3.00% |
| 625-639 | Base Rate + 1.50% |
| 640-689 | Base Rate |
| 690-724 | Base Rate - 1.00% |
| 725-749 | Base Rate - 2.00% |
| 750+ | Base Rate - 3.00% |