Current Rates
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Current rates and terms are effective as of October 23, 2023.
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Interest rates for all loan types are based on several factors, including but not limited to the borrower’s current FICO credit score and past payment history with Tel-U-Watt Federal Credit Union (TFCU) and other financial organizations. The TFCU Board of Directors is the final approval authority for all loans.
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TFCU assess a member’s credit score when applying for a loan, and assigns a risk category based on that score.
Vehicle Loans
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2020 & Newer
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5.0% APR
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2022 and 2023 maximum repayment term of 84 months (7 years)
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2020 and 2021 maximum repayment term of 72 months (6 years)
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2019 & Older
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6.0% APR
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Maximum repayment term of 60 months (5 years)
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Vehicles 7 years old or older are limited to a maximum term of 36 months (3 years)
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Recreational Loans – Motorcycles, Boats, Campers, Dirt Bikes, 4-Wheelers, Go Carts, and other ATVs
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2020 & Newer
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5.0% APR
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2022 and 2023 maximum repayment term of 84 months (7 years)
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2020 and 2021 maximum repayment term of 72 months (6 years)
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2019 & Older
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6.0% APR
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Maximum repayment term of 60 months (5 years)
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Vehicles 7 years old or older are limited to a maximum term of 36 months (3 years)
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Signature Note
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18% APR
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Limit $5000 per member
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Loans exceeding $1000 may require board approval
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Repayment Terms
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$3000 (or less)
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Maximum repayment term of 36 months (3 years)
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$3001 – $3999
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Maximum repayment term of 36 months (3 years)
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$4000 – $4999
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Maximum repayment term of 48 months (4 years)
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$5000
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Maximum repayment term of 60 months (5 years)
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Pledge of Shares
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0.5% above the current shares dividend rate .
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Maximum repayment term of 72 months (6 years)
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You must keep a balance in your savings account that is equal to or greater than the loan balance.
Questions?
email us at: teluwattcreditunion@gmail.com
or call Connie Dosch at 701-838-9810 for more information.