Loan Account Rates

Rates effective 06/01/2014 and subject to change. APR =Annual Percentage Rate.   For additional information regarding rates and terms on Progressions Credit Union loans, please call 535-0191 or 1-800-828-8691 between 8 a.m. and 6 p.m. or contact us.

Autos, Trucks and Road Motorcycles

REFINANCE SPECIAL: Move your Auto, Motorcycle (Road), Boat, or RV to Progressions and receive 1% Cash Back Bonus!*

Terms

APR  as low as

Down Payment

Up to 36 months on 2011 & newer models.

2.24%

As low as 0%

Up to 100% financing available plus tax and license.

Up to 72 months on 2011 & newer models.

2.24%

Up to 80% financing available

Up to 72 months on 2011 & newer models

2.24%

As low as 0%

Up to 115% financing available plus tax and license.

Up to 72 months on 2007-2010 models.

2.74%

As low as 0%

Up to 115% financing available plus tax and license.

Up to 72 months on 2004-2006

2.99%

As low as 0%

Up to 115% financing available plus tax and license.

Up to 48 months on 1999-2003 models.

8.99%

As low as 0%

Up to 110% financing available including tax and license.

Rates assume a .50% discount for automatic payments from an active Progressions Savings or Checking account.  .25% discount is included for eStatements. Add .50% for other payment methods and .25% for paper statements.  Add 1.50% to the above rate when vehicle has over l00k miles. Rates and terms may vary depending upon credit quality, collateral and loan to value. Your rate may be different.  Existing Progressions loans are subject to a 1% refinancing fee, or $100.00, whichever is greater. Add .50 for terms between 73-84 months to above rates on autos between 2004 and newer. Contact us for more information. Additional Disclosure for 1.99% APR.

Boat and Recreational Vehicles (RV)

Term

Up to 80% of loan to Value

Over 80% of Loan to Value

Down Payment

0-60 months

2.49% APR

2.99% APR

-

-

Many options available

up to 100% OAC

61-84 months

2.49% APR

2.99% APR

85-120 months

2.99% APR

3.49% APR

121-180 months

3.49% APR

3.99% APR

-

181-240 months

-

5.99% APR

-

N/A

Available on larger loans, $75k minimum, & max 80% LTV OAC. Minimum Beacon Score 730. Min. 10% Cash Down Required. Maximum age of collateral 5 model years old or newer.

O.A.C. =On Approved Credit. Rates listed assume automatic payment from an active Progressions Savings or Checking account. Add .50% to rate for other payment methods. Existing loans at Progressions do not qualify for these rates. Rates and terms may vary depending upon collateral, credit quality and loan to value. Your rate may be different. A .25% rate discount for eStatements.  Contact us for more information.

ATV, Smaller Motorcycles (Off Road), Personal Watercraft, Scooters and Snowmobiles

Term

APR as low as

Down Payment

Up to 60 months

4.24%

Various options available.

Up to l00% financing plus tax and license O.A.C.

O.A.C. =On Approved Credit. Rates above assume .50% discount for automatic payment from an active Progressions Savings or Checking account. A .25% rate discount for eStatements.  Add .50% for other payment methods. Rates and terms may vary depending upon collateral, credit quality and loan to value. Your rate may be different. Refinancing of Progressions loans do not qualify for these rates. Other restrictions may apply.  Contact us for more information.

Personal Loans and VISA 

Type of Loan

APR as low as

Terms

Personal Line of Credit (PLC)

9.99%-17.99%

Fixed rate; open ended

Visa Credit Card

9.99%-17.99%

Fixed rate; open ended

Signature

9.99%-17.99%

Fixed rate; closed ended. Lump sum disbursement. Terms up to 36 months.

 

O.A.C. =On Approved Credit. Rates above assume .50% discount for automatic payment from an active Progressions Savings or Checking account. A .25% rate discount for eStatements. Add .50% for other payment methods. The rates published are the lowest and highest possible rates available to qualified borrowers. Your rate may fall within that range. Rates are determined by the loan type, term you request, and your credit history. Rates are subject to change without notice.  Contact us for more information. Additional Visa Disclosure.

Savings and Certificate Secured Loans

Type of Loan

APR as low as

Terms

Shared/Savings Secured

3.00% added to securing share rate

Fixed rate; maximum term

Certificate Secured

3.50% added to securing certificate rate

Fixed rate; maximum term

A .25% rate discount for eStatementsContact us for more information.

Home Equity Line of Credit (HELOC)

Type

APR as low as

Loan to Value

1st Deed of Trust

4.25% – 14.25%

Maximum 85%

2nd Deed of Trust

4.50% – 14.50%

Maximum 85%

O.A.C. =On Approved Credit. Rates above assume .50% discount for automatic payment from an active Progressions Savings or Checking account.A .25% rate discount for eStatements.  Add .50% for other payment methods. The rates published are the lowest rates available to qualified borrowers. Your Rates are determined by the loan type, term you request, and your credit history. Rates are subject to change without notice.  Contact us for more information.Draw Period: 8 YearsRepayment Period: 17 YearsMinimum initial draw is $25,000.00, $100.00 thereafter.Progressions Credit Union – NMLS #784627

 

FIRST DEED OF TRUST/FIXED

(Refinance or Equity)

Term

APR as Low as

Max Loan to Value

15 Years

3.74%

80%

20 Years

4.24%

80%

SECOND DEED OF TRUST FIXED

Term

APR as Low as

Max Loan to Value

5 Years

4.75% – 5.75%

85%

10 Years (Min $10,00.00)

4.99% – 5.99%

85%

15 Years (Min $20,000.00)

5.50% – 6.50%

85%

First and Second Deed of Trust Disclosure: Terms over l5 years are subject to availability. Home must be primary residence. Rates include a discount for automatic payments of .50% and .25% for eStatements. Add .50% to the rate for other payment methods and .25% for paper statement. Rates are based off credit quality, yours may be different. Example: A $50,000.00 loan for 180 months with a rate of 4.99% would have a payment of $395.24. Call Herb Anderson/NMLS # 787236 at (509) 622-2011/800-828-8691 for fee information and more details.  Existing Progressions Credit Union loans may be subject to an l% refinancing fee.Progressions Credit Union – NMLS #784627

 

Mobile Home Loans

New/Used

Terms

APR as low as

Down Payment

New

Up to 120 Months

10.00%-17.00%

Many options available.

Up to 100% Financing including tax and licensing  O.A.C.

Used

Up to 120 Months

11.00%-18.00%

Many options available.

Up to 100% Financing including tax and licensing O.A.C.

O.A.C. =On Approved Credit. Rates listed assume automatic payment from an active Progressions Savings or Checking account. A .25% rate discount for eStatements.  Add .50% to rate for other payment methods. These rates are for titled mobile homes only (not affixed to property).  Payment Example: a 15 year term would be 180 monthly payments as low as $10.02 at 8.79% APR for each $1000.00 borrowed.  Contact us for more information on fees, rates and terms.