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Rate data as of: 5-APR-1990
Below are the most current DCU investment and lending
rates. On a weekly basis, Digital Credit Union
management monitors industry averages so we can offer
members the most competitive rates possible.
NEW AUTO LOANS 1YR 2YR 3YR 4YR 5YR-7YR
20% or more down 9.90* 9.90* 9.90* 10.25* 11.25
10% to 19% down 11.75 11.75 11.75 12.00 12.25
less than 10% down 12.75 12.75 12.75 13.00 13.25
*SPECIAL RATES GOOD FROM 2/1/90 TO 5/1/90
o less than 10% down program requires a 6 month auto
insurance binder paid in advance
o $10,000 minimum for 5 yr term
o $20,000 minimum for a 6 or 7 yr term, $30,000
maximum
USED AUTO LOANS: VEHICLES UNDER 2 YEARS OLD
TERM: 1-4 YEARS, RATE: 13.25%
o 20% or more down
o minimum loan $500
o maximum $20,000
o $5,000 minimum for 4 yr term
USED AUTO LOANS: VEHICLES RANGING IN AGE FROM 3-7 YRS
TERM: 1-3 YEARS, RATE: 13.75%
o 20% or more down
o minimum loan $500
o maximum $20,000
o vehicle must be paid-in-full before reaching 10
years old
NEW MOTORCYCLE LOANS:
20% or more down: TERM: 1-3 YEARS RATE: 10.75%
10% to 19% down: TERM: 1-3 YEARS RATE: 11.75%
o minimum loan $500
o maximum loan $8,000
USED MOTORCYCLE LOANS: MOTORCYCLE UNDER 2 YEARS OLD
TERM: 1-2 YEARS RATE: 13.25%
o 30% or more down
o minimum loan $500
o maximum loan $4,000
USED MOTORCYCLE LOANS: MOTORCYCLE RANGING IN AGE FROM
3-7 YEARS OLD
TERM: 1-2 YEARS RATE: 13.75%
o 30% or more down
o minimum loan $500
o maximum loan $4,000
HOME IMPROVEMENT LOAN: 14.75% (4 YEARS, $5,000 MAX.)
STOCK SECURED LOAN: 12.00%** (70% OF FACE VALUE,
$200,000 MAXIMUM)
** During period of market fluctuations, stock
policies may vary.
SHARE SECURED LOAN: 8.00%**(100% of share 1)
**Rate is 2.50% above Savings Rate, not below 8%
CRT LINE OF CREDIT: 16.75% ($5,000 maximum)
COMPUTER LOAN: 13.75% (3 yrs. $10,000 max.,
DEC employee purchase
plan)
FIRST STEP LOAN: 8.00% (Rate is 2.50% above
Savings rate, not
below 8%)
PERSONAL LOAN: 16.25% (5 years, $5,000 max)
CERTIFICATE SECURED LOAN: (2.50% above base rate of CD)
HOME EQUITY LOAN: For current interest rates,
please contact the Home
Equity Department at
DTN/223-6735, x368 or
508/493-6735, x368.
FIRST MORTGAGE: For current interest rates,
please contact the First
Mortgage Department at
DTN/223-6735, x316 or
508/493-6735, x316.
STUDENT LOANS: For current interest rates,
please contact our Student
Loan Department at
DTN/223-6735, x190, or
508/493-6735. x190.
VISA: 13.90% Classic ($500 to $5,000)
13.90% Gold ($5,000 to $25,000)
FOR YOUR INFORMATION...
DCU LOAN RATES ARE VARIABLE. On March 1st and
September 1st of each year, the DCU Board of Directors
has the option to decrease or increase your loan
interest rate by a maximum of 1 percentage point.*
The amount of your monthly payment will not change.
If the interest rate is increased, your number of
payments may increase. If the interest rate is
reduced, the number of payments may be reduced.
*Exceptions to the semi-annual review are the CRT Line
of Credit, VISA and Home Equity programs. These rates
may change at any time. CRT and VISA programs have 2%
annual cap and the rate may not exceed 18%. For more
information on DCU's Home Equity rates, please call
our Home Equity Department at DTN/223-6735 or
508/493-6735, x368. Digital Credit Union reserves the
right to change or discontinue any loan program
without prior notification.
DCU CD, SHARE & IRA RATES
EFFECTIVE FROM: APRIL 3, 1990 TO APRIL 9, 1990
CERTIFICATES...
Jumbo Certificates ($50,000.00)
3-12 months 8.15, effective yield 8.49
Special Certificates ($10,000.00)
90 day 8.00, effective yield 8.33
Special certificates ($5,000.00)
3 month 7.95, effective yield 8.27
6 month 7.95, effective yield 8.27
1 year 7.95, effective yield 8.27
2-6 year 7.95, effective yield 8.27
Regular Certificates ($100.00)
6 month 7.60, effective yield 7.89
1 year 7.60, effective yield 7.89
2-6 year 7.60, effective yield, 7.89
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SHARES.....
Sharedraft 5.00, effective yield 5.13
IRA 8.20, effective yield 8.54
S1 & Clubs 5.25, effective yield 5.39
RSVP 6.00, effective yield 6.18
If you would like more information on DCU's rates and
services, please call our Member Service Center at
DTN/223-8444 or 508/493-8444 or call Mary Madden at
DTN/223-6735 or 508/493-6735. x207.
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