Current Loan Rates
RATE CHART Effective 01-16-19
For a loan secured by a vehicle or home, the value of the collateral will be determined by using a source approved by us. We determine
which Annual Percentage Rate (APR)* you will receive using factors such as credit-worthiness criteria and information obtained from a
consumer reporting agency. The lowest APR* is based on a borrower with exceptional credit history, low debt, along with long-term stability in residence and employment. Contact us for specific terms, rates and other disclosures.
|Vehicle Secured and Personal Loans||Fixed ANNUAL PERCENTAGE RATE||Monthly Payment examples based on $20,000 loan for longest Term|
|Vehicle Secured - New & Used Car(Max age 10 years)|
|Terms up to (5yr) 60 months||2.74% to 16.69%*||$357 @ 2.74%* | $493 @ 16.69%*|
|(6yr) 61-72 months||3.89% to 17.84%*||$312 @ 3.89%* | $454 @ 17.84%||(7yr) 73-84 months||4.99% to 18.95%*||$283 @ 4.99%* | $432 @ 18.95%|
|Vehicle Secured - New and Used Motorcycles|
|(5yr) 60 months||2.99% to 16.94%*||$359 @ 2.99%* | $496 @ 16.94%*|
|(6yr) 61 - 72 months||4.99% to 18.95%*||$322 @ 4.99%* | $453 @ 18.95%*||(7yr) 73 - 84 months||5.99% - 11.99%||$292 @ 5.99%* | $353 @ 11.99%*|
|Vehicle Secured - Recreational Vehicle; $35,000 Minimum Loan|
|(5yr) 60 months||3.69% to 17.34%*||$366 @ 3.69%* | $501 @ 17.34%%*|
|(6yr) 61-84 months||3.82% to 9.82%*||$272 @ 3.82%* | $330 @ 9.82%*||(10yr) 85-120 months||3.94% to 9.94%*||$202 @ 3.94%* | $267 @ 9.94%%*|
|Vehicle Secured - Vehicle Purchases( Older - 11+15 years)|
|(3yr) 36 months; last loan was six months or less||3.09% to 17.04%*||$582 @ 3.09%* | $713 @ 17.04%*||(4yr) 48 months; last loan was six months or less||4.09% to 18.04%*||$452 @ 4.09%* | $588 @ 18.04%*|
|(5yr) 60 months; last loan was six months or less||5.09% to 19.04%*||$378 @ 5.09%* | $519 @ 19.04%*||Unsecured Personal Loan - 25% of annual salary to maximum of $10,500|
|(1yr) - 12 months; last loan was over six months ago||8.50% to 19.20%*||$933 @ 8.50%* | $1806 @ 15.20%*||(2yr) - 24 months; last loan was over six months ago||9.50% to 16.20%*||$482 @ 9.50%* | $981 @ 16.20%*|
|(3yr) - 36 months; last loan was over six months ago||10.50% to 17.20%*||$341 @ 10.50%* | $715 @ 17.20%*|
|(4yr) - 48 months; last loan was over six months ago||11.50% to 18.20%*||$274 @ 11.50%* | $590 @ 18.20%*|
|(5yr) - 60 months; last loan was over six months ago||12.50% to 19.20%*||$236 @ 12.50%* | $521 @ 19.20%*|
|Savings & Savings Certificate Secured - $500 Minimum Loan Amount Maximum Term is 72 Months|
|Variable ANNUAL PERCENTAGE RATE will be 3% above our highest dividend rate then in effect on the securing account. Currently the APR is 3.45%. Ask us for the specific rate. APR on the loan balance may change for Savings Secured on January 1, April 1, July 1 and October 1 of each year; and, for Savings Certificate Secured at any time the dividend rate paid on the savings certificate securing the loan changes. Your loan payment amount will not change but the number of monthly payments may increase.|
|Overdraft Protection $100 | $500 Credit Limits. Based on a Fixed ANNUAL PERCENTAGE RATE|
|APR is 11.15%* . Monthly payment is the greater of $60 or the actual balance owed when less than $60.|
|Home Equity Products (secured by Real Estate)||ANNUAL PERCENTAGE RATE|
|Home Equity Line||Variable 4.50% to 15.00%*|
|Home Equity Loan||Fixed 5.75% to 6.25%*|
|Lowest APR based on a loan to value of 70% or less. Property insurance is required. Minimum and maximum loan or line amounts do apply. Equity Line Only: APR varies and may be adjusted monthly based on the Prime Rate published in the Wall Street Journal; minimum APR is 3.75%; maximum APR is 18.00%. There are other disclosures and restrictions apply.|
0.60% APR Discount for Vehicle & Personal Loans (may not be available during Loan Promotions)
Stability Discount. You work for same employer AND have lived at the same residence for five or more years.
Service Discount. When, under the same membership number as the loan, you have in good standing at least two open RVA-FPCU accounts or one RVA-FPCU account, and you repay your loan through an automated repayment program such as Payroll Deduction or Transfer. For purposes of this Discount, Account includes: Savings, Checking, Certificate, IRA, Loan or Credit Card. You must be the primary owner of the Account. An Account in good standing has no history of a negative balance, returned check, or delinquency in repayment. Account must have been opened for six-months or more. Discount will be revoked and the APR will increase 0.60% if such occurs: (1) any account used for qualifying for a Discount is closed within six-months of the Loan; and/or (2) the Automated Payment is not established within 30-days of the Loan or it is discontinued at any time. The rate increase will be effective on the last day of the month following the occurrence. A rate increase will result in an increase in the amount you owe and as a result, it may take longer to repay your debt; however, the amount of your minimum required payment will not change.
Credit Card Rates
|Interest Rates and Interest Charges|
|Annual Percentage Rate (APR) for Purchases||7.00% - 15.80%*, based on your creditworthiness.|
|APR for Balance Transfers||10.00% - 15.80%*, based on your creditworthiness.|
|APR for Cash Advances||10.00% - 15.80%*, based on your creditworthiness.|
|How to Avoid Paying Interest on Purchases||Your due date is at least 25 days after the close of each billing cycle. We will not charge you any interest on purchases if you pay your entire balance by the due date each month.|
|Minimum Interest Charge||NONE|
|For Credit Card Tips from the Consumer Financial Protection Bureau||To learn more about factors to consider when applying for or using a credit card, visit the website of the Consumer Financial Protection Bureau at http://www.consumerfinance.gov/learnmore.|
|Annual Fee - Annual Fee||NONE|
- Balance Transfer Fee
- Cash Advance Fee
- Foreign Transaction Fee
4.00% of the amount of each cash advance
1.00% of each transaction in U.S. dollars
- Late Payment Fee
- Returned Payment Fee
Up to $25.00
Up to $25.00
How We Will Calculate Your Balance:
We use a method called "average daily balance (including new purchases)."
The information about the costs of the card described in this application is accurate as of: This information may have changed after that date. To find out what may have changed, contact the Credit Union.
For California Borrowers, the VISA CREDIT CARD is a secured credit card. Credit extended under this credit card account is secured by various personal property and money including, but not limited to: (a) any goods you purchase with this account, (b) any shares you specifically pledge as collateral for this account on a separate Pledge of Shares, (c) all shares you have in any individual or joint account with the Credit Union excluding shares in an Individual Retirement Account or in any other account that would lose special tax treatment under state or federal law, and (d) collateral securing other loans you have with the Credit Union excluding dwellings. Notwithstanding the foregoing, you acknowledge and agree that during any periods when you are a covered borrower under the Military Lending Act your credit card will be secured by any specific Pledge of Shares you grant us but will not be secured by all shares you have in any individual or joint account with the Credit Union. For clarity, you will not be deemed a covered borrower if: (i) you establish your credit card account when you are not a covered borrower; or (ii) you cease to be a covered borrower.
Other Fees & Disclosures:Late Payment Fee:
$25.00 or the amount of the required minimum payment, whichever is less, if you are one or more days late in making a payment.
Cash Advance Fee (Finance Charge):
4.00% of each cash advance.
Returned Payment Fee:
$25.00 or the amount of the required minimum payment, whichever is less.