DENOCOS FEDERAL CREDIT UNION
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AS OF July 1, 2017

 

       
The Annual Percentage Rates (APR) are slightly higher than the interest rates shown below. Rates are subject to change at any time. The following interest rates are Denocos' best rates. Actual rates are based on your credit history, financial ratios, terms and prior history with the Credit Union.

New Vehicle Loans

  • New vehicles are vehicles that have never been registered or have under 20,000 miles. Maximum loan amount is 100% of the purchase price plus fees.
    • 36 month term    2.50% fixed  
    • 48 month term    2.50% fixed  
    • 60 month term    3.25% fixed
    • 72 month term    3.25% fixed

 

Used Vehicle Loans

  • Used vehicle loans are for purchasing or refinancing a used vehicle. Maximum loan percentage is 125% of the Kelly Blue Book Wholesale Value or, if less, the purchase price plus fees.
    • Maximum 60 months      3.75% fixed    2012-2015 models   
    • Maximum 48 months      3.75% fixed    2006-2011 models
    • Maximum 48 months      4.75% fixed    2005 & older models

 

Signature Loans

  • Signature loans are unsecured loans requiring only the member's signature as security.
    • 48 month term    8.00% fixed    Maximum loan amount is $10,000

                                                             Auto Equity Loans

  • Auto Equity Loans are secured by a vehicle. The proceeds can be used for any purpose.The maximum loan percentage is 85% of the Kelly Blue Book Wholesale Value. Any amount currently owing on the vehicle must be paid off with the remaining proceeds available to the member.
    • Maximum 60 month term    3.75% fixed    2012-2015 models
    • Maximum 48 month term    3.75% fixed    2006-2011 models
    • Maximum 48 month term    4.75% fixed    2005 and older models

Motorcycle & Boat Loans

  • Motorcycle loans are for the purchase or refinance of new or used motorcycles. The maximum loan amount on new motorcycles is the purchase price plus fees. For used motorcycles the maximum loan amount is 125% of the Kelly Blue Book Wholesale Value or the purchase price plus fees, whichever is lower.
    • 60 month term    8.25% fixed    New models

Recreational Vehicle Loans

  • Recreational Vehicle (R/V) loans are for the purchase or refinance of new or used R/V's. The maximum loan amount on new R/V's is the purchase price plus fees. For used R/V's the maximum loan amount is 125% of the Nadaguides.com Average Retail Value or the purchase price plus fees, whichever is lower.
    • 72 month term    8.75% fixed    New models

Share-Secured Loans

  • Share-Secured loans are loans where a member pledges as security and maintains in the Credit Union shares in the amount of or greater than the loan's balance.
    • 48 month term    2.40% fixed   

         

Notice

Furnishing Negative Information to Consumer Reporting Agencies 

  • We may report information about your account to credit bureaus.
  • Late payments, missed payments or other defaults on your account may be reflected in your credit report.

Your credit report provides a glimpse of how financially responsible you are. Maintaining a clean credit report is vital to your financial well being. Negative information in your credit report will have a negative impact on your credit score. Your credit score can be reviewed by lenders, insurers, landlords and even potential employers. With a poor credit score you will be more likely to:

  • Be denied future credit
  • Be offered lower credit limits
  • Pay higher rates on the credit you do receive

Please make your payments on time and always pay at least the minimum amount due to assure that negative information regarding your accounts with us will not appear on your credit report.

This notice has been provided to you as required by Section 217 of the Fair and Accurate Credit Transaction Act of 2003.