Loan Rates
Rates effective May 17th, 2012.
Print this page
Auto Loans
| Product | Fixed APR | APR2 | Amount Financed ** | Term All terms determined by loan amount |
|---|---|---|---|
| New 2011 - 2012 models | 3.490000 | 8.990000 | 120% | Up to 84 months |
| Used 2007 - 2010 models | 3.990000 | 10.740000 | 120% | Up to 84 months |
| Used older - 2006 & older models These older vehicles are Signature Loans | 8.990000 | 17.990000 | Determined by market value | Based on loan amount |
Prevail Credit Union (PCU) may finance and refinance your auto loan depending on credit quality. PCU may finance up to 100% of the value of your vehicle based on NADA Value Guides, plus taxes, license and warranty. See schedule below for rate information based on vehicle value and/or term of loan:
**84month financing available on balances over $25,000
Motorcycle Loans
| Product | Fixed APR | APR2 | Amount Financed | Term |
|---|---|---|---|
| New Motorcycles/ Watercraft 2007 -2012 | 6.990000 13.740000 | up to 100% | Determined by loan amount |
| Used Motorcycles/ Watercraft 2007 - 2012 | 6.990000 13.740000 | up to 100% | Determined by loan amount |
Excludes tax and license. Rate is determined by both your credit qualifications and the year of the vehicle.
Boat & RV Loans
| Product | Fixed APR | APR2 | Amount Financed | Term All terms determined by loan amount |
|---|---|---|---|
| New & Used Boat & RVs 2002 to 2012 models only | 6.990000 | 13.740000 | 100% | 72-144 months |
100% Purchase Price. Includes tax, license, and registration.
Home & Home Equity
Click Here to see the latest rates on Home Loans!
| Product | Variable APR | APR2 | Amount Financed | Term |
|---|---|---|---|
| Home Equity Line of Credit | 3.250000 | 15.000000 | 80% to 100% LTV Max | Up to 20 Years |
Take advantage of Prevail Credit Union's competitive Home Equity Line of Credit (HELOC) loan - featuring: No Pre-Payment Penalty. The Index used for this loan is the Prime Lending Rate. HELOC loans at 80% Loan-to-Value (LTV) or lower will have a rate of Prime + ZERO% APR. Rate subject to change semi-annually (i.e. January and July annually). The cap rate, or maximum rate, for this loan may not exceed 15% APR. Must be a Prevail Credit Union member. Additional terms and conditions may apply. Ask for complete details. Available only for real estate within Washington state. Prevail Credit Union is an Equal Housing Opportunity lender.
| Product | Fixed APR | APR2 | Amount Financed | Term |
|---|---|---|---|
| Home Equity Loans (2nd Mortgage) | 6.750000 | 7.250000 | 80-100% LTV | 5-20 year |
Fixed rate 2nd Mortgage: Prevail Credit Union offers an outstanding value with our Fixed Rate -No Fee 2nd Mortgage (Home Equity loan). We tend to use your Tax Assessed Value to determine how much you can borrow. However, if an appraisal is needed to arrive at a higher value for your borrowing needs, the applicant is responsible for the appraisal costs. Minimum loan of $10,000 required. LTV stands for Loan-to-Value. Home Equity 2nd Mortgage loans with Prevail Credit Union are only available on real estate located in Washington State. Please contact Prevail Credit Union's Loan Department for current rates and terms. Prevail Credit Union is an Equal Housing Opportunity Lender.
Personal Loans
| Product | Fixed APR | APR2 | Term |
|---|---|---|
| Signature Loan (1) | 8.990000 | 17.990000 | Max. 60 months |
| Savings (Share) Secured Loan (2) | Current Share Rate + 3% APR | Up to 72 months |
| Personal Line of Credit (3) | 13.900000 | Line of credit |
(1) To a maximum of $40,000 On Approval of Credit (OAC).
(2) See current savings account deposit rate. This loan adds 3.0% to the current deposit rate. It's a great way to borrow against your own money, build credit, and not simply spend all you have in savings.
(3) Maximum loan amount $20,000
VISA
| Product | Variable APR | APR2 | Term |
|---|---|---|
| VISA Classic Card (1) | 9.900000 | 17.900000 | Revolving |
| VISA Platinum Card (2) | 8.900000 | 12.100000 | Revolving |
(1) Prevail Credit Union (PCU) has changed its VISA credit card program to a Variable Rate program. The rate available to consumers is based on credit qualifications. Still lower than many competitor's cards the low APR saves you money on your finance charges. Our Classic card offers a credit limit as low as $500 to start out and we can do credit limit increases, over time, up to $5,000. Department store card rates are much higher. (No Annual Fee; 25 Day Grace Period on Purchases). VISA APR is a Variable Rate and subject to change annually based on cardholder's credit qualifications.
(2) Prevail Credit Union (PCU) has changed its VISA credit card program to a Variable Rate program. The rate available to consumers is based on credit qualifications. Still lower than many competitor's cards the low APR saves you money on your balance. Why use a department store card with a rate of 18% to 23%? PCU's Platinum has: [No Annual Fee, 25 Day Grace Period on Purchases] (For credit limits $5,000 or higher). VISA APR is a Variable Rate and subject to change annually based on cardholder's credit qualifications.
