Rates

When it comes to your finances, we know that every dollar counts. At Hometown Credit Union, we work hard to give you low loan rates and high dividend rates.

Are your credit card rates too high? Check out our debt consolidation program! Our knowledgable staff will work with you to find the best rate.

Rate effective as of April 1, 2008:

Savings Accounts

BalanceDividend Rate
$100 or lessNo dividend paid
$100.01 or more 1.00%
Christmas Club Accounts 2.00%

Savings Rate Bonuses (Applies to CDs and IRAs Not to Membership Shares)

Bonus CriteriaBonus Amount
Platinum Membership (see Tiered Services)0.25%
Gold Membership (see Tiered Services)0.125%

Regular CDs and IRA CDs (Be sure to check out the rate bonus chart above)

Months Minimum Deposit Dividend Rate APY
6$3,000 2.75% 2.79%
12$3,000 3.00% 3.04%
12 $10,000 3.250% 3.30%

Loan Rate Discounts

 

Discount Criteria
Credit Rating (Score)
A (700+)B (650-699)
Platinum Membership (see Tiered Services)0.50%0.25%
Gold Membership (see Tiered Services)0.25%0.125%
Silver Membership (see Tiered Services)0.125%0.0625%
Vehicle loans less than 80% of vehicle value0.50%0.25%
Vehicle loans between 80-90% of vehicle value0.25%0.125%

*Cannot combine membership discounts with other discounts

ALL LOAN APPLICANTS MUST MEET HCU UNDERWRITING POLICIES

New or used vehicles

 
TERM 24 MONTHS TO 72 MONTHS
RATES ARE BETWEEN 5.25% AND 10.50%
RATE & TERM DEPENDS ON VEHICLE & YOUR TIERED SCORE
USED VEHICLES (2005 OR OLDER) & HIGH MILEAGE VEHICLES ADD 1% RATES SUBJECT TO CHANGE AT ANY TIME

New or Used motorcycles / boats /RVs

TERM 24 MONTHS TO 48 MONTHS
RATE & TERM DEPENDS ON THE AGE & CONDITION OF THE COLLATERAL BEING OFFERED
RATES ARE BETWEEN 6.00% AND 10.25%
COLLATERAL 3 YEARS OR OLDER ADD 1%
RATES SUBJECT TO CHANGE AT ANY TIME.

Single-pay and Signature Loans

RATES ARE BETWEEN 10% AND 16%
TERM WILL BE ONE YEAR FOR EACH $1000 BORROWED--MAXIMUM 3 YEARS

 

HOME LOANS
PLEASE CALL 217-221-7259 FOR MORTGAGE AND HOME IMPROVEMENT LOAN RATES