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1st MidAmerica Credit Union Exceeding Member Expectations
1st MidAmerica Credit Union

Loan Rates

Approval and your Annual Percentage Rate may be higher depending on your credit worthiness. Please ask a Financial Service Representative for details regarding how your rate is determined. Interest rates are subject to change and are as low as those listed below. Other restrictions may apply.

Effective

Choose a Loan Type to view rates:



New Vehicles*

Terms APR Payment per $1000
36 months 2.49% $28.86
48 months 2.49% $21.91
66 months 2.49% $16.23
69 months 2.59% $15.61
75 months 3.24% $14.75
84 months
(Vehicle Year - 2015-2016)
5.25% $14.25

*Minimum loan dollar amounts apply to various terms. Contact us for details.  

 

Used Vehicles*

2013 - 2016 Up to 60 months 2.49% $17.74 (60 months)
66 months 2.49% $16.23
69 months 2.59% $15.61
75 months 3.24% $14.75
**for 2015 & 2016 only** 84 months 5.25% $14.25
2011 - 2012 Up to 60 months 3.24% $18.08 (60 months)
66 months 3.24% $16.56
69 months 3.49% $16.02
75 months 4.09% $15.13
2009 - 2010 Up to 51 months 3.49% $21.13 (51 months)
  63 months 3.99% $17.62
2008 & Older Up to 51 months 4.24% $21.46 (51 months)

*Minimum loan dollar amounts apply to various terms. Contact us for details.  

 

Motorcycles and Personal Watercraft*

Terms APR Payment per $1000
36 months 5.55% $30.22
48 months 5.55% $23.28
60 months 6.05% $19.36

*Minimum loan dollar amounts apply to various terms. Contact us for details.  

 

New and Used Boats*

Terms APR Payment per $1000
48 months 5.69% $23.34
60 months 5.69% $19.19
72 months 5.99% $16.57
84 months 5.99% $14.60
120 months 6.19% $11.20
180 months 6.39% $8.65

*Minimum loan dollar amounts apply to various terms. Contact us for details.  

Recreational Vehicles*

Terms APR Payment per $1000
72 months 5.99% $16.57
84 months 5.99% $14.60
120 months 5.99% $11.10

*Minimum loan dollar amounts apply to various terms. Contact us for details.  

 

Other Loan Options

Loan Type Terms APR Payment per $1000
Signature Up to 60 months 10.70% $21.59 (60 months)
Share Secured Up to 60 months

2% over share rate.
Floor Rate: 2.5%

$18.87 (60 months)

 

Lot and Construction Loans

Loan Type Rate APR Payment per $1000 Borrowed
Based upon 30 year amoritization
Lot 5.500% 5.883% $5.68
Construction 5.250% 8.224% $5.52

 

Home Equity Lines of Credit

Loan Type

APR Term Payment
Per $1000
Variable Rate
Up to 90% combined loan to value
3.99% Up to 180 Months
Variable Rate
Over 90% combined loan to value
6.99% Up to 180 Months

Fixed Rate
Up to 90% combined loan to value

3.99% 120 Months $10.12
4.88% 180 Months $7.85

Fixed Rate
Over 90% combined loan to value

7.49% 120 Months $11.86
7.88% 180 Months $9.49

Maximum variable rate is 5.00% above initial rate. $5,000 minimum line of credit on fixed and variable home equity lines. Minimum advance upon closing is $2,500. Rate adjusts in January and July to prime plus 1% APR, prime plus 2% APR, or prime plus 2.5% APR depending upon LTV.

Fixed rate HELOCs have a draw period of 24 months. Credit union will cover closing costs on loans over $10,000, except member is responsible for appraisal cost if loan to value exceeds 80%.

Retire Your Mortgage Program*

Loan Type

APR Term Payment
Per $1000

Up to 75% loan to value

3.50% 96 Months $11.96
4.125% 144 Months $8.82

*This product is a Home equity line of credit that will exist as the first mortgage.
Minimum loan amount $20,000 and Maximum $200,000.
$10,000 additional loan amount required if refinancing a current loan with 1st MidAmerica Credit Union. $390 closing costs due at time of approval.

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