Rates

rates

TYPE A SCORE 699 + B SCORE 698 TO 649 C SCORE 648 TO 601 D SCORE 600 OR LESS
SHARE SECURED 3.25 3.25 3.25 3.25
NEW VEHICLE
24 MONTHS 4.25 4.5 5.5 9.5
36 MONTHS 4.5 4.75 6.5 10.5
48 MONTHS 5.25 5.5 7.5 11.5
60 MONTHS 5.5 6 8.5 13
72 MONTHS 5.75 6.5 9.5 14.5
USED VEHICLE
24 MONTHS 5.25 6.5 8.25 9.5
36 MONTHS 5.75 6.75 9.75 11.75
48 MONTHS 6 7 11 13
60 MONTHS 6.75 7.75 12.75 13
72 MONTHS 7.75 8.75 13 14
RVS BOATS ATV TRLR
24 MONTHS 5.95 6.95 7.95 9.5
36 MONTHS 6.95 7.95 8.95 11.75
48 MONTHS 7.95 8.95 9.95 13.75
60 MONTHS 8.95 9.95 10.95 14.75
72 MONTHS
UNSECURED
12 MONTHS 9 10 11 13
24 MONTHS 9 10 11 13.5
36 MONTHS 10 11 12 14
All rates listed are Annual Percentage Rates (APR).

Effective November 1st 2013 the United Credit Union will be implementing Risk-Based Lending which involves a tiered pricing structure that assigns loan rates based upon an individual's credit risk. The Credit scores used in processing Risk-Based Lending is developed by the Fair Isaac Company (FICO). The basic concept of Risk-Based Lending is that the rate charged to an individual borrower is commensurate with the risk associated with that that borrower. Credit Scoring and meeting the required Debt Ratio will determine the loan decision and the initial rate to the borrower. The chart above illustrates the rate in relation to the FICO score.

TYPE A SCORE 699 + B SCORE 698 TO 649 C SCORE 648 TO 601 D SCORE 600 OR LESS
CATTLE PURCHASE
12 MONTHS 6.25 7 7.75 8.5
24 MONTHS 6.25 7 7.75 8.5
36 MONTHS 7.75 8.5 9.5 12
48 MONTHS
60 MONTHS
BREEDING CATTLE
12 MONTHS 6.25 7 7.75 8.5
24 MONTHS 6.25 7 7.75 8.5
36 MONTHS 7.75 8.5 9.5 12
48 MONTHS
60 MONTHS
AG IMPLEMENT PURCH
12 MONTHS 5 5.75 6.75 8.75
24 MONTHS 5 5.75 6.75 8.75
36 MONTHS 6 6.75 7.75 10.5
48 MONTHS
60 MONTHS