Get up to a 1.00% loyalty rate deduction off your Auto, Boat, or Recreational Vehicle Loan! Choose up to 4 out of 7
options below to be eligible for up to 1.00% off your loan rate. Each option is valued at .25%. Rates quoted below do
not include the 1.00% discount so your rate may be less. Please ask a representative for your qualifying rate. Rates are
subject to increase with cancellations of any of the options below. Discounts do not apply to floor rate of 1.99%.
- Active checking account (minimum of 5 debit card transactions monthly)
- 10% down payment paid by borrower
- 20% down payment paid by borrower
- Purchase MMP & GAP from MCU
- Add Payment Protection to your loan
- Instant reduction - if you have an active MCU credit card
- Auto Payments - Automatic payment from an electronic source or transfer from an active MCU account which receives
electronic deposits .
Loan Rates
Secured
New Autos/Motorcycle
Used Auto/Motorcycle
New Boat, Recreational Vehicle & Camper
Used Boat, Recreational Vehicle & Boat
Collateral
Certificate Secured
Shared Secured
Unsecured
Signature
Line of Credit
ANNUAL PERCENTAGE
YIELD (APY)
APPROXIMATE TERM
2.25% - 16.75%
2.50% - 17.00%
2.75% - 17.25%
3.00% - 17.75%
2.75% - 17.25%
3.25% - 17.75%
3.50% - 18.00%
3.75% - 18.00%
4.00% - 18.00%
3.75% - 18.00%
2.75% - 17.25%
3.00% above index
2.50% above index
36 Months¹
48 Months
60 Months
Up to 84 Months
Up to 60 Months
36 Months
48 Months
60 Months
Up to 120 Months
Up to 120 Months
Up to 60 Months
8.75% - 18.00%
8.75% - 18.00%
Up to 48 Months
All rates listed as annual percentage rate (APR). Certain credit criteria and restrictions apply. Rates are based
on a combination of your earned credit score, the term you select, collateral, cash payment and other
lending criteria. Rates are subject to change without notice. For more information, please contact
a Memorial Credit Union loan officer at (713) 778-6300.
¹ Annual percentage rate of 2.25% is an approximate term of 12-36 months. Payment Example: 12 payments
of $84.35 per $1000 borrowed at 2.25%.
The annual percentage rate (APR) for certificate secured advances will be the dividend rate being paid on
the Certificate offered as security plus the index shown above. The loan payoff date must not exceed the
Certificate maturity date. The current ANNUAL PERCENTAGE RATE will be disclosed at the time of the
advance.
We may report information about your loan and deposit accounts to credit bureaus. Late payments,
missed payments or other defaults on your accounts may be reflected in your credit report.