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| Vehicle Type | Term months: | APR as low as: | Calculator |
|---|---|---|---|
| New Vehicle 2010-2009 | 36 | 2.49% |
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| 48 | 3.49% |
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| 60 | 4.24% |
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| 66 | 4.24% |
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| 72 | 4.49% |
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| 84 | 5.99% |
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| Used Vehicle | 36 | 2.49% |
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| 48 | 3.49% |
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| 60 | 4.24% |
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| 66 | 4.24% |
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| 72 | 4.49% |
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All rates are subject to change without notice. Actual rate may be higher dependent upon borrower's credit history, income and other factors. Rates are set by the Board of Directors on a regular basis to reflect current market conditions. Rates shown include all possible discounts, up to 1.00% APR maximum discount. Rates shown include 0.50% APR discount for automatic payment with President's Club Checking account (discount amount varies for automatic payment with other checking accounts), 0.25% APR discount for online loan application and 0.25% APR discount for Multiple Loan Discount program. Multiple Loan Discount program offers up to a maximum of 0.25% APR discount on vehicle loans if the member meets one of the required criteria: 1. Paid off vehicle loan with GLCU within the past 12 months, 2. Current outstanding auto, home equity or mortgage loan with GLCU or 3. Down payment of 20% on vehicle loan. $6,000 minimum on 60 months; $15,000 minimum on 72 months; $25,000 minimum on 84 months New vehicle is current model year OR previous model year if less than 12,000 miles. Current model year with more than 12,000 miles, the amount financed will be determined according to the used vehicle guidelines and the used car rates will apply. Payment Example: A typical 48 month new auto loan of $20,000 with a APR of 5.24% will result in a monthly payment of $462.76.
Boat, RVs and Camper Loans 
Boat, RVs and Camper Loan Rates Effective 2/22/2010
| Vehicle Type | Term months: | APR as low as: | Calculator |
|---|---|---|---|
| New Boat, RV and Camper 2010-2009 | 48 | 5.24% |
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| 60 | 5.99% |
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| 120 | 7.49% |
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| 180 | 7.74% |
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| Used Boat, RV and Camper | 48 | 6.24% |
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| 60 | 6.74% |
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| 120 | 7.99% |
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| 144 | 8.24% |
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Motorcycle, Personal Watercraft and Snowmobile Loans
Motorcycle, Personal Watercraft and Snowmobile Loan Rates Effective 2/22/2010
| Vehicle Type | Term months: | APR as low as: | Calculator |
|---|---|---|---|
| New Motorcycles, Personal Watercraft, Snowmobiles 2010-2009 | 48 | 7.49% |
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| 60 | 8.24% |
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| Used Motorcycle, Personal Watercraft and Snowmobiles | 48 | 8.24% |
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| 60 | 8.99% |
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All rates are subject to change without notice. Actual rate may be higher dependent upon borrower's credit history, income and other factors. Rates are set by the Board of Directors on a regular basis to reflect current market conditions. $5,001 minimum on 60 months; $2500 minimum loan amount. All vehicle secured loans under $5,000 will have 1% added to the current interest rate. New vehicle is current model year OR previous model year if less than 12,000 miles. Current model year with more than 12,000 miles, the amount financed will be determined according to the used vehicle guidelines and the used car rates will apply. Payment Example: A typical 48 month loan of $5,000 with a rate of 5.49% will result in a monthly payment of $116.26.
Home Equity Products
Rates Effective 1/15/2010
| Product | APR | LTV | Fee | Note | Calculator |
|---|---|---|---|---|---|
| Bridge Loan | 4.250% | 80.00% | $500 | 6 Month maximum term |
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| Home Equity Line of Credit (HELOC) | 5.000% | 80.00% | $0 | 5 Yr Draw (15 Yr Amortized) |
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| Home Equity Line of Credit (HELOC) | 7.000% | 85.00% | $0 | 5 Yr Draw (15 Yr Amortized) |
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HELOC Adjustments
Rates Effective 1/15/2010
| Adjustment | APR | Note |
|---|---|---|
| 80% or less LTV Interest Rate Floor | 5.000% | |
| 80.01% to 85% LTV Interest Rate Floor | 7.000% | |
| Non-Owner Occupied | 1.000% | max 80% LTV |
Fixed Rate Second Mortgage
Rates Effective 1/15/2010
| Loan Amount | APR | Note | Calculator | |
|---|---|---|---|---|
| LTV <= 80% | LTV 80.01 - 85% | |||
| $100,000-300,000 | 6.875% | N/A |
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| $50,000-99,999 | 7.000% | 7.750% |
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| $25,000 - 49,999 | 7.375% | 8.125% |
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| $15,000 - 24,999 | 8.125% | 8.875% |
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| $10,000 - 14,999 | 8.625% | 9.375% |
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Fixed Rate Loan Adjustments
Rates Effective 1/15/2010
| Adjustment | APR | Note |
|---|---|---|
| FICOs 660 -699 | APR plus 0.250% | |
| FICOs 659 and below | APR plus 0.750% | |
| Non-Owner Occupied | APR plus 1.000% | max 80% LTV |
Other Notes
| Loan Terms 10 yr, 15 yr & 30/15 |
| Loans not available in TX, NY, HI, AK |
| No Third Position Liens |
| Credit Score Based on Primary Borrower |
| Max Loan Amount $500,000, LTV's <= 80% |
| Max Loan Amount $50,000, LTV's up to 85% |
| Full Documentation Required |
| No Annual Fee/No Pre-payment Penalty |
Rates are subject to change at any time. Your initial Annual Percentage Rate (APR) for a Home Equity Line of Credit will be calculated by adding the appropriate margin to the prevailing Prime Rate (index) as published in the Money Rates column of the Wall Street Journal as of the date your documents are prepared. The initial rate will remain in effect until the first rate change date as described below. The subsequent APR is a variable rate based on the highest Prime Rate as listed in the Money Rates Section of the Wall Street Journal on the first business day of the month which was 3.250% on 1/2/2009 On the House Home Equity Line of Credit: The rate is Prime Rate plus 1/2% with a floor rate of 5.00% for credit lines with a loan to value (LTV) ratio of 80% or less, Prime Rate plus 2% with a floor rate of 7.00% for credit lines with a 80.01%-85% LTV. The rate may vary twice a year on January 20th and July 20th up to 1% annually and a maximum of 6% above the initial rate during the life of the loan. Five- year draw period and fifteen-year repayment period. An Early Cancellation fee may be charged on Home Equity Lines of Credit if the line of credit is paid in full and closed within the 24 months of the opening date. The maximum cost will not exceed two-hundred and fifty dollars. An early cancellation fee will not be charged if Great Lakes Credit Union terminates the Credit Line Account. Second Mortgage Loan, Bridge Loan or Vacant Lot Loan: Once established, the Annual Percentage Rate (APR) is fixed for the term of the loan. Stated rates may change at any time. For all home equity/second mortgage products, credit lines or loan amounts are available from $5,000 to $50,000 with a LTV of 80.01% to 85%. Up $500,000 for home equities and second mortgages with a LTV of 80% or less. Closing costs will be waived up to $500 unless the loan is used to purchase the real estate used as collateral on the loan. Property insurance is required. Flood insurance may be required. Consult your tax advisor about the deductibility of interest. Valid for owner-occupied single-family residences, town homes and condominiums. Payment Example: A typical 15 Year HELOC loan of $50,000 with a APR of 5.00% will result in a monthly payment of $394.61
Fixed Rate Mortgages
Rates effective 7/30/2010
| Mortgage type | Maximum Loan Amount | Points | RATE | Calculator |
|---|---|---|---|---|
| 15 year | $417,000 | 1 | 3.625% |
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| $417,000 | 0.25 | 3.750% |
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| $417,000 | 0 | 3.875% |
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| 15 year Jumbo | $1,000,000 | 1 | 4.375% |
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| $1,000,000 | 0.25 | 4.500% |
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| $1,000,000 | 0 | 4.625% |
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| 20 year | $417,000 | 1 | 4.000% |
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| $417,000 | 0.25 | 4.125% |
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| $417,000 | 0 | 4.250% |
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| 30 year | $417,000 | 1 | 4.125% |
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| $417,000 | 0.25 | 4.250% |
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| $417,000 | 0 | 4.375% |
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| 30 year Jumbo | $1,000,000 | 1 | 4.875% |
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| $1,000,000 | 0.25 | 5.000% |
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| $1,000,000 | 0 | 5.125% |
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| 40 year | $417,000 | 1 | 4.500% |
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| $417,000 | 0.25 | 4.750% |
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| $417,000 | 0 | 4.875% |
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Adjustable Rate Mortgages
Rates effective 7/30/2010
| Mortgage type | Maximum Loan Amount | Points | 1st yr fixed RATE | Calculator |
|---|---|---|---|---|
| 1 Year Adjustable | 1 | 1.750% |
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| 0.25 | 2.375% |
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| 0 | 2.500% |
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| 3 Year Adjustable | 1 | 2.500% |
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| 0.25 | 2.875% |
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| 0 | 3.000% |
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| 5 Year Adjustable | 1 | 3.500% |
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| 0.25 | 3.750% |
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| 0 | 3.875% |
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| 3 Year Adjustable Jumbo | 1 | 3.250% |
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| 0.25 | 3.625% |
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| 0 | 3.750% |
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| 5 Year Adjustable Jumbo | 1 | 4.250% |
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| 0.25 | 4.500% |
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| 0 | 4.625% |
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VA (Veterans Administration) Mortgages
Rates effective 7/30/2010
| Mortgage type | Maximum Loan Amount | Points | RATE | Calculator |
|---|---|---|---|---|
| 15 year VA | 1 | 4.375% |
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| 0.25 | 4.500% |
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| 0 | 4.625% |
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| 30 year VA | 1 | 4.875% |
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| 0.25 | 5.000% |
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| 0 | 5.125% |
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* Rates are subject to change at any time. 15 and 30 year mortgage rates are based on a 45 day lock. ARM rates are based on a 45 day lock. Additional discount points will apply to cash out loans, which are based on credit history and loan-to-value. *For Example: A typical 30 year fixed mortgage of $100,000 with a rate of 5% will result in a monthly principal and interest payment of $536.82.
Savings Accounts
Rates Effective 7/29/2010
| Account Type | Rate | APY | Calculator | |
|---|---|---|---|---|
| Share Savings | $100 minimum to earn | 0.150% | 0.15% |
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| Santa Saver | $5.00 minimum to earn | 0.250% | 0.25% |
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| Baby Joey Savings | $5.00 minimum to earn | 0.250% | 0.25% |
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| Kirby Kangaroo Savings | $5.00 minimum to earn | 0.250% | 0.25% |
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| Teen Savings Club | $5.00 minimum to earn | 0.250% | 0.25% |
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| On Your Way Savings | $5.00 minimum to earn | 0.250% | 0.25% |
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| Business Savings | $1,000 minimum to earn | 0.150% | 0.15% |
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| Health Savings Account | $100 minimum to earn | 0.150% | 0.15% |
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| IRA-Share Savings | $100 minimum | 0.250% | 0.25% |
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Money Market Accounts
Rates Effective 7/29/2010
| Account Type | Rate | APY | Calculator | |
|---|---|---|---|---|
| Money Market (including IRA) | $1,000 min to earn - $24,999 | 0.400% | 0.40% |
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| Money Market (including IRA) | $25,000 - $49,999 | 0.499% | 0.50% |
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| Money Market (including IRA) | $50,000 - $99,999 | 0.698% | 0.70% |
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| Money Market (including IRA) | $100,000 + | 0.798% | 0.80% |
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| Business Money Market | $2,500 min. to earn - $24,999 | 0.399% | 0.40% |
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| Business Money Market | $25,000 - $49,999 | 0.499% | 0.50% |
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| Business Money Market | $50,000 + | 0.698% | 0.70% |
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Certificates of Deposit
Rates Effective 7/29/2010
| Account Type | Rate | APY | Calculator | |
|---|---|---|---|---|
| Right Start Certificate [1] | $200 min | 0.798% | 0.80% |
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| Certificate of Deposit 3-5 Month [2] | $500 min | 0.250% | 0.25% |
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| Certificate of Deposit 6-11 Month [2] | $500 min | 0.499% | 0.50% |
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| Certificate of Deposit 1 yr + (Incl. IRA) [2] | $500 min | 0.798% | 0.80% |
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| Certificate of Deposit 2 yr + [2][3] | $500 min | 1.982% | 2.00% |
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| Certificate of Deposit 2 yr + (Incl. IRA) [2] | $500 min | 1.342% | 1.35% |
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| Certificate of Deposit 3 yr + (Incl. IRA) [2] | $500 min | 1.737% | 1.75% |
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| Certificate of Deposit 4 yr + (Incl. IRA) [2] | $500 min | 1.982% | 2.00% |
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| Certificate of Deposit 5 yr + (Incl. IRA) [2] | $500 min | 2.472% | 2.50% |
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President's Club
Rates Effective 7/29/2010
| Account Type | Rate | APY | Calculator | |
|---|---|---|---|---|
| President's Club Checking | $1,000 min to earn - $24,999 | 0.150% | 0.15% |
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| President's Club Checking | $25,000 - $49,999 | 0.399% | 0.40% |
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| President's Club Checking | $50,000+ | 0.648% | 0.65% |
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President's Club CD's
Rates Effective 7/29/2010
| Account Type | Rate | APY | Calculator | |
|---|---|---|---|---|
| Certificate of Deposit 3-5 Month** [2] | $500 min | 0.499% | 0.50% |
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| Certificate of Deposit 6-11 Month** [2] | $500 min | 0.748% | 0.75% |
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| Certificate of Deposit 1 yr +** [2] | $500 min | 1.045% | 1.05% |
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| Certificate of Deposit 2 yr +** [2] | $500 min | 1.589% | 1.60% |
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| Certificate of Deposit 3 yr +** [2] | $500 min | 1.982% | 2.00% |
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| Certificate of Deposit 4 yr +** [2] | $500 min | 2.228% | 2.25% |
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| Certificate of Deposit 5 yr +** [2] | $500 min | 2.716% | 2.75% |
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VIP & Grand Advantage Club
Rates Effective 7/29/2010
| Account Type | Rate | APY | Calculator | |
|---|---|---|---|---|
| VIP & GAC Checking | $1,000 min to earn | 0.150% | 0.15% |
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VIP & Grand Advantage Club CD's
Rates Effective 7/29/2010
| Account Type | Rate | APY | Calculator | |
|---|---|---|---|---|
| Certificate of Deposit 3-5 Month** [2] | $500 min | 0.350% | 0.35% |
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| Certificate of Deposit 6-11 Month** [2] | $500 min | 0.599% | 0.60% |
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| Certificate of Deposit 1 yr +** [2] | $500 min | 0.897% | 0.90% |
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| Certificate of Deposit 2 yr +** [2] | $500 min | 1.441% | 1.45% |
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| Certificate of Deposit 3 yr +** [2] | $500 min | 1.835% | 1.85% |
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| Certificate of Deposit 4 yr +** [2] | $500 min | 2.081% | 2.10% |
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| Certificate of Deposit 5 yr +** [2] | $500 min | 2.570% | 2.60% |
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APY = Annual Percentage Yield. All dividend rates and APY may change at any time, as determined by GLCU Board of Directors. The APYs shown above assume that all principal and dividends remain on deposit for the entire term. Fees could reduce earnings on the above accounts. Penalties apply for early withdrawal from Term Share and Santa Saver Accounts. Additional account information is provided in separate Account Disclosures. [1] $200 Minimum to open. [2] $500 Minimum to open. [3] With GLCU Checking Account with a Direct Deposit of $250 Minimum **Must be a member of the President's Club, Grand Advantage Club or have VIP Checking to receive Presidents' Club or VIP & Grand Advantage Club Share Certificate rates.
Signature Loans
Rates Effective 3/1/2010
| Loan Type | Loan Amount | Fee | Rate |
|---|---|---|---|
| VISA Platinum | $500 - $25,000k | $0.00 | 9.90% |
| On Your Way VISA | $500 - $1000* | $0.00 | 16.90% |
| On Your Way Computer Loan | up to $1,500** | $0.00 | 12.90% |
| Signature Loan | $500 | $0.00 | 16.00% |
Secured Loans
Rates Effective 11/23/2009
| Loan Type | Rate | Term in months |
|---|---|---|
| Share Secured Loan | 5.15% | 120 |
| 4.15% | 36 | |
| Certificate Secured Loan | 3.00% over CD rate | due at CD maturity date |
Business Loans
Rates Effective 1/1/2008
| Business Loans |
|---|
| Risk-based Prime +2.25% up to Prime + 4.75% |
Step Up Certificates are not eligible as security for Certificate Secured Loans. All rates are subject to change without notice. Actual rate may be higher dependent upon borrower's credit history, income and other factors. Rates are set by the Board of Directors on a regular basis to reflect current market conditions. *Qualified Co-signer required on all On Your Way VISA accounts **Qualified Co-signer required for borrower's who don't meet minimum requirements