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| MDU Employees Federal Credit Union
**LOAN SPECIAL EFFECTIVE 3-9-10** Call the CU for special rates
Current Loan Rates
If you'd like to fill an application out, click on the links below which will open a separate window to the application in a PDF file (you'll need an adobe reader to view and print). Print both pages, fill out completely, and mail or fax to the Credit Union.
1st Page Loan Application
2nd Page Loan Application
| |
3 yrs |
4 yrs |
5 yrs |
6 yrs |
|
| vehicle yrs 2005-2010 |
5.25% APR |
5.75% APR |
6.25% APR |
6.75% APR |
| vehicle yrs 2004-older |
5.75% APR |
6.25% APR |
6.75% APR |
n/a |
APR = Annual Percentage Rate
PERSONAL LOANS: Max of $3,000; repayable max of 24 months; with an APR of 12%
These loan policies were enacted by the Board of Directors at the May 2009 Board meeting. All previous loan policies are null and void as of May 11, 2009. Maximum aggregate loan limits shall be $50,000 per member. Another 1/2% discount will be given if the applicant has a beacon score of 700 or higher. For complete loan policy, contact the credit union office.
Example of what a $10,000 loan would cost you:
| 3 years @ |
4 1/2% is |
$704.16 |
= |
$10704.16 |
| 4 years |
5% is |
$1032.65 |
= |
$11032.65 |
| 5 years |
5 1/2 % is |
$1428.41 |
= |
$11428.41 |
| 6 years |
6 % is |
$1875.51 |
= |
$11875.51 |
|