Premier Credit Union uses personalized lending rates based on a borrower's credit worthiness, account relationship with the credit union and usage of other credit union products and services. Rates shown are the lowest rate available. Not every borrower will qualify for the same rate. Rates are non-variable unless otherwise noted.
|Term||Down-Payment||As Low As APR|
|2013 and Newer 0 to 66-Months||0%||1.89%|
|2013 and newer 67 to 78-Months||0%||2.89%|
|2013 and Newer 79 to 84 Months||0%||3.89%|
|2010 - 2012 0 to 48-Months||0%||3.00%|
|2010 - 2012 49 to 66-Months||0%||4.00%|
|2009 and Older 0 to 48-Months||0%||5.00%|
APR = Annual Percentage Rate. Rates quoted with all available discounts, subject to change, based on credit history, and effective as of September 1, 2016. An additional .50% will be added to the loan rate if loan is not set up for payroll deduction, automatic payment or ACH debit of loan payment. Also, .50% will be added if the loan account is not set up for e-statements. Rate quoted is for new money, 1.00% will be added when refinancing a current Premier Credit Union auto loan. Terms and conditions apply. Payment Example: $10,000 loan on a 2013 vehicle for a term of 36 months with a 1.89% APR, the monthly payment = $285.95. Call Credit Union for full details.
|Term||Down-Payment||As Low As APR|
|Other Terms Available|
Payment example: $20,000 loan on a recreational vehicle for a term of 60 months with a 6.50% APR, the monthly payment will be $391.30. Rates subject to change and effective as of
January 1, 2011.
|Loan Type||Term||Loan to Value||As low as APR|
|Variable Home Equity Line of Credit*||30-yrs.||Up to 90%***||4.75%|
|Fixed Home Equity**||5-yrs.||Less than 80%***||2.50%|
|10-yrs.||Less than 80%***||3.50%|
|15-yrs.||Less than 80%***||4.50%|
*Home Equity Line of Credit (HELOC) - A HELOC is available on an owner-occupied dwelling located only in Iowa. Property insurance is required. Member will pay title search, flood search, recording fee and property valuation. HELOC variable-rate may change after the account opening. HELOC variable-rates are indexed to the Prime Rate as published in the Wall Street Journal on March 31, June 30, September 30 and December 31. The rate may change quarterly on January 1, April 1, July 1 and October 1 with changes to the Prime Rate on the dates noted above. The Prime Rate as of July 1, 2011, was 3.25%. The variable-rate minimum APR is 4.75% and maximum APR is 18%. Minimum HELOC initial draw is $2,500 with minimum $500 subsequent draws. Payment example: $20,000 Open End Home Equity Line of Credit with a 10 year variable draw period, amortized over a 30 year term at 4.75% APR, the monthly payment will be $104.31. Based on credit. All loans subject to approval.
**Fixed Home Equity Loan – A Fixed Home Equity Loan is available on an owner-occupied dwelling located only in Iowa. Property insurance is required. Member will pay title search, flood search, recording fee and property valuation. Payment example: $20,000 Fixed-10 Home Equity with a 10 year fixed rate, amortized over a 10 year term at 3.50% APR, the monthly payment will be $197.77. Based on credit.
Home Mortgage Programs - Contact an In-House Mortgage Officer at (515) 282-1611 for current rate information.
Construction Loan Programs - Contact an In-House Mortgage Officer at (515) 282-1611 for current rate information.
MasterCard® Credit Cards
|Program Level||Minimum Credit Limit||APR|
If finances charges accrue on MasterCard credit cards, there is a minimum finance charge of $0.50.
|Loan Type||Term||As Low As|
|Overdraft Protection Line of Credit||N/A||15.00%|
|Share Secured||12-months||3% over deposit APR|
Minimum $50 monthly payment is required on all Overdraft Protection Lines of Credit with an outstanding balance.
APR = Annual Percentage Rate. Rates quoted with all available discounts, subject to change, based on credit history, and effective as of December 1, 2015. Terms and conditions apply.
Payment example: $5,000 unsecured personal loan for a term of 24 months with a 13.99% APR, the monthly payment will be $240.04.
News & Events
- Visit Us at the Octagon Art Festival in Ames on September 25th!
- We are proud to help support the 2016 Festival of Trees & Lights benefitting Blank Children's Hospital!