| Car Loan, Truck Loan, or SUV Loan |
| Type | Term | APR* as low as |
| Fixed - New or Used |
Up to 60 months |
1.99% |
| Fixed - New or Used |
Up to 72 months |
2.99% |
| Fixed - New or Used |
Up to 84 months for amounts over $25,000 |
3.74% |
| Example: A loan amount of $15,000 at 1.99% for 60 months would have a monthly payment of $262.86. |
| *APR=Annual Percentage Rate with 100% net check Direct Deposit, Automatic Loan Payment transfer, and an open Checking Account with Debit Card. Rates based on term, credit, and collateral (contact MSGCU for details). |
| RV Loan, Boat Loan, or Trailer Loan for a New or Used Vehicle |
| Type | Term | APR* as low as |
| Fixed |
Up to 60 months |
4.99% |
| Fixed |
Up to 72 months |
5.49% |
| Fixed |
Up to 84 months for
amounts over $25,000 |
6.24% |
| Example: A loan amount of $20,000 at 4.99% for 60 months would have a monthly payment of $377.44. |
| *APR = Annual Percentage Rate with 100% net check Direct Deposit, Automatic Loan Payment transfer, and an open Checking Account with Debit Card. Rates based on term, credit, and collateral (contact MSGCU for details). |
| Leisure RV/Marine Loan |
| Type | Term | APR* as low as |
| Fixed |
Up to 120 months for
amounts over $25,000 |
6.24% |
| Fixed |
Up to 180 months for
amounts over $50,000 |
6.49% |
| Example: A loan amount of $40,000 at 6.24% for 120 months would have a monthly payment of $448.92. |
| *APR = Annual Percentage Rate with 100% net check Direct Deposit, Automatic Loan Payment transfer, and an open Checking Account with Debit Card. Rates based on term, credit, and collateral (contact MSGCU for details). Loan to Value up to 80%. |
| Line of Credit (Instant Credit) |
| Type | Term | APR* as low as |
| Variable |
None |
11.00% |
| *APR = Annual Percentage Rate. Rates based on term, credit, and collateral (contact MSGCU for details). Initial rate may change. Contact MSGCU for most current rate. Variable-rate loan may change quarterly based on the Wall Street Journal Prime Rate. Maximum APR is 18.0%. |
| Signature Loan |
| Type | Term | APR* as low as |
| You-Name-It** |
Up to 48 months |
9.50% |
| Fixed |
Up to 60 months |
11.95% |
Example: A loan amount of $5,000 at 11.95% for 60 months would have a monthly payment of $111.10. |
| *Annual Percentage Rate. Rates based on term, credit, and collateral (contact MSGCU for details). |
| **Maximum term is 48 months. Maximum loan amount is $10,000. Rate and offer valid on loans applied for and approved April 1, 2012 – May 31, 2012 and funded by June 30, 2012. New money only. Ask a Member Service Representative for details. |
| Home Equity Line of Credit (HELOC) |
| Type | Term | APR* as low as |
| Variable |
10-year draw period;
10-year repayment |
4.75% |
| *APR = Annual Percentage Rate. Rates based on term, credit, and collateral (contact MSGCU for details). Initial rate may change. Contact Michigan Schools and Government Credit Union for most current rate. Variable-rate loan may change quarterly based on the Wall Street Journal Prime Rate. Maximum APR is 18.0%. |
| Home Equity Loan |
| Type | Term | APR* as low as |
| Fixed |
1-15 Years |
7.00% |
| Example: A loan amount of $10,000 at 7.00% for 120 months would have an approximate monthly payment of $116.14. |
| *Annual Percentage Rate. Rates based on term, credit, and collateral (contact MSGCU for details). |
