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  • Loan Rates
     
     

      Huntington WV Firemen's FCU
    Loan Rates


     SIGNATURE LOANS

    *1/2% OFF FOR PAYROLL DEDUCTION
    (see below)

    TERMS AND RATES

    SHARE PLEDGE............2.75%
     TIER/FICO 12 MONTHS  24 MONTHS  36 MONTHS  48 MONTHS  60 MONTHS 
     A+>730 6%  6.5%  7%   7.5% 8% 
     A 680-729 6.5%  7%  7.5%   8% 8.5% 
     B 640-679  7.5% 8%  8.5%  9%  9.5% 
     C 600-639 9%  9.5%  10%  10.5%  11% 
     D 550-599  11.5% 12%  12.5%  13%  13.5% 
     E <= 549 15% 15.5%   16% 16.5   17%


    NEW VEHICLE LOAN RATES
    2011-2010
    Previously Untitled Vehicles
    90% NADA Retail
    TIER/FICO 36 MONTHS 48 MONTHS 60 MONTHS 66 MONTHS 72 MONTHS

    A+>730

    3.0% 3.5% 4.0% 4.25% 4.5%
    A 680-729 3.5% 4.0% 4.5% 4.75% 5.0%
    B 640-679 4.5% 5.0% 5.5% 5.75% 6.0%
    C 600-639  6.0% 6.5%  7.0%  7.25%  7.5% 
     D 550-599 8.5%  9.0%   9.5% 9.75%  10% 
     E <549  12% 12.5%  13%   13.25% 13.5% 

     
    USED VEHICLE 2011-2007
    90% NADA Retail
    TIER/FICO 36 MONTHS 48 MONTHS 60 MONTHS 66 MONTHS 72 MONTHS
    A+>730 3.5% 4.0% 4.5% 4.75% 5.0%
    A 680-729 4.0% 4.5% 5.0% 5.25% 5.5%
    B 640-679 5.0% 5.5% 6.0% 6.25% 6.5%
    C 600-639 6.5% 7.0% 7.5% 7.75% 8.0%
    D 550-599 9.0% 9.5% 10% 10.25% 10.5%
    E<549 12.5% 13% 13.5% 13.75% 14%


    USED VEHICLES OLDER THAN
    5 YEARS
    We loan 80% NADA retail.  For older vehicles the length of the loan and the interest will be determined by the value of the vehicle as follows:
    NADA RETAIL 80% OF RETAIL  
    >$12,500 >$10,000 UP TO 60 MONTHS
    >$9,375 >$7,500 UP TO 48 MONTHS
    <$9,375 <$7,500 UP TO 36 MONTHS


    USED VEHICLE LOAN RATES 5 YEARS OLDER
    2006-2005
    PREVIOUSLY UNTITLED VEHICLES
    80% NADA RETAIL
    TIER/FICO 36 MONTHS 48 MONTHS 60 MONTHS
    A+>730 5.0% 5.5% 6.0%
    A 680-729 5.5% 6.0% 6.5%
    B 640-679 6.5% 7.0% 7.5%
    C 600-639 8.0% 8.5% 9.0%
    D 550-599 10.5% 11% 11.5%
    E<549 14% 14.5% 15%


    USED VEHICLES OLDER THAN 6 YEARS
    OLDER THAN 2005
    For older vehicles the length of loan term and the interest rate will be determined by the value of the vehicle as follows:
    NADA RETAIL 80% RETAIL  
    >$12,500 >$10,000 UP TO 60 MONTHS
    >$9,375 >$7,500 UP TO 48 MONTHS
    <$9,375 <$7,500 UP TO 36 MONTHS
    TIER/FICO 36 MONTHS 48 MONTHS 60 MONTHS
    A+>730 6.5% 7.0% 7.5%
    A 680-729 7.0% 7.5% 8.0%
    B 640-679 8.0% 8.5% 9.0%
    C 600-639 9.5% 10% 10.5%
    D 550-599 12% 12.5% 13%
    E<549 15.5% 16% 16.5%


                                          *INTEREST RATE DISCOUNT ON LOANS

     Any loan paid either through automatic share to loan transfer or through retiree's payroll deduction will qualify for a one half of one percent (.50%) interest rate reduction.

    Funds can be made available for automatic payment by the following methods:
    • Active firefighters and retirees can have the required amount withheld from their checks.
    • Anyone who has sufficient funds on deposit in their regular share account on the 15th of the month will qualify.  The funds may be deposited by any means including direct deposit from their employer (if available), direct deposit from their bank, by check or cash deposit or by maintaining a sufficient balance in their regular share account.
    If for any reason, sufficient funds are not available at the time the automatic payment is to be made, the discount will be revoked and the original loan interest rate will be reinstated.

    After a period of 6 months of timely automatic payments, the discount may be reinstated upon request of the borrower.  However, if the automatic payment fails because of insufficient funds a second time during the remaining term of the loan, the discount will be revoked and the original interest rate will be reinstated for the duration of the loan.
     

      RATES ARE SUBJECT TO CHANGE WITHOUT NOTICE