Rates

Loan Rates
Offering rates which are subject to change without notice. For current rates update, please call or visit our credit union office.

Share Dividend
Required Minimum Daily Balance Rate APY
$0.01 - $9,999.99 0.10% 0.10%
$10,000.00 - $24,999.99 0.10% 0.10%
$25,000.00+ 0.20% 0.20%


Automobile Loan Rates and Requirements
NEW CAR

1 Year

5.00% APR

2 Years

5.50% APR

3 Years

6.00% APR

4 Years

6.50% APR*

5 Years

7.00% APR

Maximum Loan Amount: $40,000*

Maximum Finance Amount: $95%



Automobile Loan Rates and Requirements
USED CAR

1 Year

7.50% APR

2 Years

7.75% APR

3 Years

8.00% APR

4 Years

8.00% APR**

Vehicle CANNOT be older than seven (7) years old.

Maximum Loan Amount: $40,000*

Maximum Finance Amount: 95%


1.  Purchase and sales agreement showing Lynn Teachers Credit Union will be lienholder. If private sale, copy of title of seller and copy of RMV1 form showing Lynn Teachers Credit Union to be listed as leinholder.
2.  Insurance binder showing Lynn Teachers Credit Union will be listed as loss payee on insurance policy.

*Payment example: Auto loan @6.50% APR for 4 years would cost $5.47 per $1,000 borrowed.
**Payment example: Auto loan @8.00% APR for 4 years would cost $5.62 per $1,000 borrowed.
Personal Loans
Loan Rates and Requirements
Maximum amount:$15,000.00*
Maximum Term: Up to (4) Years
Interest Rate: 12.5% APR
Share Secured Loan: 2% Lower
Co-signers may be required if:

1.  Employment of less than five (5) years.
2.  Debt ratio is 36% to 40%
3.  Questionable credit report.
4.  Applicant has filed bankruptcy.

Payment example: Personal loan @10.50% APR for 4 years would cost $5.89 per $1,000 borrowed.
Home Improvement
Loan Rates and Requirements
Maximum amount:$15,000.00*
Maximum Term: 15 years
Interest Rate: 10% APR
Documents Required:

1.  Description and cost estimate of work to be done.
2.  Copy of real estate tax bill and/or copy of the deed to property.

*Payment example: Home improvement loan @10.00% APR for 1 year would cost $20.22 per $1,000 borrowed.