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The
New Dimensions Federal Credit Union offers loans to its members for prudent
and provident reasons in conjunction with our mission to aid our members in the procurement and use of financial services. Members can access these products in person at the credit union office, or by phone,
fax, or
e-mail. |
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SECURED LOANS
APR
As low as |
TERM |
LOAN AMOUNT
Subject to Credit
History |
PAYMENT PER
$1,000 |
5.00% |
Up to 120 Months* |
70% - 100% LTV |
$43.88
Based on 24 month term
at 5.00% |
PERSONAL LOANS
APR
As low as |
TERM |
LOAN AMOUNT |
PAYMENT PER $1,000 |
9.00% |
Up to 60 Months |
Determined by Income
$10,000
Maximum |
$20.77
Based on 60 month term
at 9.00% |
SHARE AND CERTIFICATE SECURED LOANS
APR |
TERM |
LOAN AMOUNT |
PAYMENT PER$1,000 |
3.50% |
Up to 120 Months* |
Subject to Available Balance |
$84.94
Based on 12 month term
at 3.50% |
*Rate for Certificate Secured Loans =
Certificate Dividend Rate + 3.00%,
Maximum Term equal to term of Certificate.
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REAL ESTATE LOANS
TYPE |
APR
AS LOW AS |
TERM |
LOAN AMOUNT** |
PAYMENT PER $1,000 |
1st or 2nd
Mtg.
Primary Residence
Seasonal Home*
Land* |
6.00% |
120 months |
80% OF VALUE |
$11.11 |
6.25% |
180 months |
80% OF VALUE |
$8.58 |
6.50% |
240 months |
80% OF VALUE |
$7.46 |
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6.75% |
360
months |
80% OF VALUE |
$6.49 |
Fixed Rate Home Equity |
Prime + 1.00% |
120 months |
80% OF VALUE |
$11.11 Based on 6.00% Prime Rate
as of May 1st 2008 |
Signature Equity |
Prime + 2.00% |
120 months |
100% OF VALUE
$25,000 Max |
$11.62 Based on 7.00% Prime Rate
as of May 1st 2008 |
*Maximum terms for Seasonal Homes and Land –
180 months, 75% of Value
**PMI required for LTV greater than 80% 
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PAYMENT PER $1,000 |
New Mobile Home
up to 240 months |
9.00% |
90% OF VALUE |
$9.01 |
Used Mobile Home (Model Year
1980 and newer)
Up to 240 months |
10.00% |
85% OF VALUE |
$9.66 |
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LINES OF CREDIT
TYPE |
VARIABLE APR |
LOAN AMOUNT |
PAYMENT PER $1,000 |
HOME EQUITY LINE OF CREDIT |
As Low As
5.00% |
90% OF VALUE |
$15.00 |
CREDIT LIMITS - MAXIMUM: $500,000.00
; MINIMUM: $3,000.00
PAYMENT CALCULATION: 1.50% OF
AMOUNT BORROWED
MINIMUM PAYMENT: $50.00
*VARIABLE RATE: SUBJECT TO INCREASE
OR DECREASE
MAXIMUM APR: 17.00%; MINIMUM APR:
PRIME
TYPE |
VARIABLE APR |
LOAN AMOUNT |
PAYMENT PER $1,000 |
OVERDRAFT LINE OF CREDIT |
17.00%* |
$500.00 MAXIMUM |
$45.61 |
MINIMUM PAYMENT: $50.00 or
outstanding balance, whichever is less
*ALL RATES SUBJECT TO CHANGE AT THE
DISCRETION OF THE BOARD OF DIRECTORS
MEMBERSHIP ELIGIBILITY REQUIRED
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