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Loan Rates
Last updated November 1, 2020
**A $20.00 Loan Fee is charged on each consumer loan processed (charged at the time the loan is disbursed) ~ Effective July 1, 2018**
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| All Auto Loans | |||
| Effective Date: Friday, July 30th, 2021 | |||
| Type | APR* as low as | Term | Amount |
Brand New (Untitled) Vehicles |
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| 3.500% | 84 Months | $30,000.00 and Over | |
| 3.250% | 72 Months | $20,000.00 and Over | |
| 3.000% | 60 Months | ||
| 2.750% | 48 Months | ||
2016 - 2021 |
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| 3.500% | 84 Months | $30,000.00 and Over | |
| 3.250% | 72 Months | $20,000.00 and Over | |
| 3.000% | 60 Months | ||
| 2.750% | 48 Months | ||
2011 - 2015 |
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| 4.000% | 60 Months | ||
| 3.750% | 48 Months | ||
| 3.500% | 36 Months | ||
2010 & Older |
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| 4.000% | 60 Months | ||
| 3.750% | 48 Months | ||
| Payment example: $20,000 with zero down for 60 months at 3.00% equals $359.42. | |||
| Motor Homes, Travel Trailers, Campers, Boats | |||
| Effective Date: Friday, July 30th, 2021 | |||
| Year | Amount | APR* as low as | Term |
| 2015-2021 | |||
| Up to $5,000 | 3.500% | 48 Months | |
| $5,000 to $10,000 | 3.750% | 60 Months | |
| $10,000 and over | 4.000% | 120 Months | |
| $10,000 and over | 4.000% | 144 Months | |
| 2014 and Older | |||
| Up to $5,000 | 3.750% | 48 Months | |
| $5,000 to $10,000 | 4.000% | 60 Months | |
| $10,000 and over | 4.250% | 120 Months | |
| $10,000 and over | 4.250% | 144 Months | |
| Payment example: $10,000 with zero down for 60 months at 4.25% equals $183.07 | |||
| ATV's, Side by Sides, Motorcycles, Golf Carts, Snowmobiles, Jet Ski, Riding Mowers, Large Equipment | |||
| Effective Date: Friday, July 30th, 2021 | |||
| Year | APR* as low as | Term | Amount |
| 2016 - 2021 | 4.750% | 72 Months | $10,000.00 and Over |
| 4.250% | 60 Months | $5,000.00 and Over | |
| 4.000% | 48 Months | ||
| 2015 and Older | |||
| 5.000% | 48 Months | ||
| Payment example: $10,000 with zero down for 60 months at 4.25% equals $185.33 | |||
| Unsecured - up to $10,000.00 Max | |
| Effective Date: Friday, July 30th, 2021 | |
| APR* as low as | Term |
| 9.000% | 36 Months |
| 10.000% | 48 Months |
| 11.000% | 60 Months |
| Payment example: $5,000 with zero down for 36 months at 9% equals $159.04 | |
| Notes | ||
| Effective Date: Friday, July 30th, 2021 | ||
| Notes must be paid off within 90 days; otherwise, they may be subject to Note Refinance rates below. Unsecured maximum is $10,000.00. | ||
| Name | APR* as low as | Term |
| Note | 15.000% | 90 Days |
| Note Refinance | 15.000% | 36 Months Maximum |
| Note Payment Example: $5,000 with zero down for 90 days at 15% equals a lump sum payment of $5,189.04. | ||
| Note Refinance Payment Example: $5,000 for 36 months at 15% equals $173.40. Note interest is due before refinancing. | ||
| Share Pledge | |
| Effective Date: Friday, July 30th, 2021 | |
| APR* as low as | Term |
| 2.500% | Up to 60 Months 36 Month Balloon |
| Payment example: $5,000 for 36 months at 2.5% equals $144.32 | |
| Credit Cards - Platinum |
| Earn Rewards! |
| Rate |
| 12.90% APR Click here for Cardholder Agreement, Disclosures, and Rate Information. |
| Fixed Rate Home Equity | |||
| Effective Date: Friday, July 30th, 2021 | |||
| The information below assumes a loan amount of $50,000 and no discount points paid. Baraga County Federal Credit Union will loan up to 80% of the home value minus applicable first mortgages. Assumptions also include the borrower is the existing owner with no changes in title required & the property is the primary residence. The home is a Single Family Detached located in Baraga, Houghton, Ontonagon, or Marquette County, Michigan. There is no escrow for taxes and insurance; your housing obligation may be higher. Rate lock period is 45 days. All loans require credit approval. | |||
| Term | Rate | APR | Monthly Payment |
| 60 Months | 4.50% | 4.597% | $932 |
| 84 Months | 4.75% | 4.821% | $701 |
| 120 Months | 4.95% | 5.001% | $529 |
| Fees may apply. Call us at (906) 524-6151 or email us at mortgages@baragafcu.com today! | |||
*Fixed APR's (Annual Percentage Rates) do not include processing fee. APR's may vary due to loan amount and term.
*Rates and terms are subject to change without notice. All loan applications are subject to credit approval with parameters as stated in the loan policies.
NCUA - Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government agency. Equal Housing Lender - We do business in accordance with the Fair Housing Law and Equal Opportunity Credit Act