Rate and Fee Schedule for Loan Services
Effective: November 1, 2024
EEFCU Nationwide Mortgage Licensing System & Registry # (NMLS # 420886)
Carolyn Stahly, CEO (NMLS # 762754)
Val Malos, Loan Officer (NMLS # 439452)
This Schedule is intended for informational purposes only. Loan programs and rates are subject to change without notice, and this sheet does not serve as a guarantee of loan programs, rates, fees, credit approval, or conditions that may apply. Rates and terms are based on credit qualifications, length of loan and loan amount. Other exclusions and/or restrictions may apply. All loan rates and dividends offered by the Emerald Empire Federal Credit Union are determined by the Board of Directors and may change in the future without notice. The Credit Union reserves the right to increase the payment on a loan when the accrued monthly interest exceeds the monthly payment. Your interest rate on all loan products except Overdraft Loans, Personal Lines of Credit, and Pay Day Alternative Loans, may be discounted up to .25% based upon your loan payment being set up on automatic repayment from a Emerald Empire Federal Credit Union account. – * Fixed APR; your APR will be based on your credit qualifications, term of loan and loan amount. 5 days after loan is due, a late fee of $30.00 is applied to all real-estate and consumer loans. Rates based upon collateral being held, credit score, and length of time being financed.
Vehicle Loans –
Financing Available on Vehicles 20 years and newer
Ask Us About Our Rate Matching Program!
| Product | Description | Term | Annual Percentage Rate (APR) WITH Auto Payment | Annual Percentage Rate (APR) WITHOUT Automatic Payment |
|---|---|---|---|---|
| New Vehicles Loans (2023 and Newer) Auto's / Trucks | 2023 & Newer Purchase or Refinance. Up to 85% of MSRP (New-Never Titled) Up to 105% of Kelly Lending Value (Used - Titled) | Up to 84 months | 6.50% - 16.25% | 6.75% - 16.50% |
| Used Auto Auto’s / Trucks | Used Auto Loan Category: (2022 & Older) Purchase or Refinance Up to 105% of Kelley Wholesale Value | Up to 72 months | 7.75% - 16.50% | 8.75% - 16.75% |
| Motorcycles | 2023 & Newer Purchase or Refinance. Up to 75% of MSRP | Up to 84 months | 6.50% - 16.25% | 6.75% - 16.50% |
| Used Motorcycles | (2022 & Older) Purchase or Refinance Up to 75% of Kelley or NADA Value | Up to 72 months | 7.75% - 16.50% | 8.75% - 16.75% |
| New Recreational Vehicles | New: (2023 & Newer) Purchase or Refinance Up to 65% of MSRP or NADA Average Retail 50% if Used as Residence RV / Travel Trailers / 5th Wheelers | Up to 84 Months | 7.75% - 16.00% | 9.25% - 16.25% |
| Used Recreational Vehicles | Used: (2022 & Older) Purchase or Refinance 65% of Kelley or NADA Average Retail Value 50% if Used as Residence RV / Travel Trailers / 5th Wheelers | Up to 72 Months | 8.75% - 16.50% | 9.50% - 17.25% |
| New Personal Recreational Vehicles | New: (2023 & Newer) Purchase or Refinance Up to 65% of MSRP or NADA Average Retail Boats / Snowmobile / Jet Skis / Toy Haulers / ATV | Up to 84 Months | 7.75% - 16.00% | 9.25% - 16.25% |
| Used Personal Recreational Vehicles | Used: (2022 & Older) Purchase or Refinance 65% of Kelley or NADA Average Retail Boats / Snowmobile / Jet Skis / Toy Haulers / ATV | Up to 72 Months | 8.75% - 16.50% | 9.50% - 17.25% |
Other Loans
| Product | Description | Term | Annual Percentage Rate (APR) with Full (4) Financial Partnership | Annual Percentage Rate (APR) without (No) Financial Partnership |
|---|---|---|---|---|
| Signature | Not to exceed aggregate unsecured amount of $6,500 Fixed APR | Up to 48 Months | *13.25% -18.00% | *13.50% - 18.00% |
| Share Secured / Certificate Secured | Fixed APR - Rate is calculated by taking the dividend rate being earned on the CD or Shares and adding margin | Up to 240 Months | Margin: *3.25% To be determined at time of loan. | Margin: *3.50% To be determined at time of loan. |
| Pay Day Alternative Loan (Short-Term Loan) | Maximum $500 or 50% of monthly gross income, the lesser of the two 90 Days of Employment Required Fixed APR | Up to 60 days To Repay | *18.00% | *18.00% |
| Seasonal Loan | Fixed Rate -Maximum Seasonal Loan is $1,000.00 Not to exceed aggregate unsecured amount of $7,500 Fixed APR | Up to 10 Months | *16.00% - 17.00% | *16.25% - 17.25% |
| One – Pay Notes | Fixed Rate: Maximum Dollar Amt = $2,000 Maximum Loan Amt: 50% of Amount Received | Up to 90 days | *18.00% | *18.00% |
Lines of Credit
| Product | Description | Margin | Term | Annual Percentage Rate (APR) with Full (4) Financial Partnership | Annual Percentage Rate (APR) without (No) Financial Partnership |
|---|---|---|---|---|---|
| Overdraft Line of Credit | Limits up to $500.00 Not to exceed aggregate unsecured amount of $10,000 Minimum Payment: $50 Per Month Automatic Payment Required | MARGIN ABOVE INDEX 12.00% | Variable Rate Index: Prime Rate 8.50% (.02342466) Change: 08/1/2023 Effective: 7/27/2023 | 18.00% Periodic Rate (.0493151) | 18.00% Periodic Rate (.0493151) |
| Personal Lines of Credit | Maximum personal loan is $10,000 Not to exceed aggregate unsecured amount of $10,000 Repayment: 3% of Credit Limit Auto Payment Required | MARGIN ABOVE INDEX 7.50% - 8.50% | Variable Rate Index: Prime Rate 8.00% (.0219178) Change: 09/18/2024 Effective: 10/1/2024 | 15.50% - 16.50% Periodic Rate (.0424657-.0452055) | 15.50% - 16.50% Periodic Rate (.0424657-.0452055) |
Home Loans – Mortgages (RGFCU NMLS # 420886)
| OMT Mortgage (NMLS # 200564) / (ML # 4578) |
|---|
| Whether you are buying your first home, refinancing your existing home, or moving into a better one, we offer a variety of mortgage options, including great rates, flexible terms on variable amounts, and refinance choices through our partnership with OMT Mortgage. Our mortgage loan officer will listen to your needs and recommend a plan that’s right for you. Please call the Credit Union office at (541) 988-9059 or David Hancock (NMLS # 330791) at OMT Mortgage at (541) 912-1347 for more information. https://omtmortgage.com |
Home Equity Lines of Credit- Not Currently Available
| EQUITY LOANS | MARGIN ABOVE INDEX | DAILY PERIODIC RATE | ANNUAL PERCENTAGE RATE | FIXED OR VARIABLE RATE |
|---|---|---|---|---|
| Equity Line of Credit | 3.00%-3.50% | .0226027% - .0232877% | 8.25% -8.50% | Variable |
| Equity Line of Credit Sale * | 3.00%-3.50% | .0205479%- .0212328% | 7.50% - 7.75% | Variable |
(Index as of 06/20/2024: 4-week average of 6-month Treasury Bill: 5.155%, rounded to .25%= 5.25%)
*EQUITY LINE OF CREDIT: Promotion for Home Equity Line of Credit -Your initial annual percentage rate will be held for 12 months. The discounted range of rates is 7.50% – 7.75% is shown above. This interest rate will revert to the prevailing rate that will be in effect on the first day of January or July following the 12-month anniversary of your initial loan disbursement. Property insurance required. Borrower pays all third party costs including appraisal fee, current market analysis cost, recording fees, title insurance, tax tracking, flood zone determination and tracking and others which range from $56.00 to $800.00 (e) and cost to re-convey Deed of Trust $225 (e) charged when loan is paid in full. The ANNUAL PERCENTAGE RATE on a variable rate loan is subject to change on the first day of January and July. The index used is the monthly average of the 6–month Treasury Bill rounded up to the next .25%, as published in Register-Guard Newspaper or as published on the website http://www.treasurydirect.gov/ . We will use the most recent index value available to us as of 10 days before the date of any annual percentage rate adjustment. To determine the ANNUAL PERCENTAGE RATE that will apply to your account, we will add a margin to the value of the index. The margin shown above is the percentage you may be charged above the index. The ANNUAL PERCENTAGE RATE will never be less than 6.00% or greater than 18% or the maximum rate allowed by law, whichever is less. The rate cannot increase or decrease more than 2.0 percentage points at each adjustment. If the APR increases you may be required to make more payments of the same amount. These ANNUAL PERCENTAGE RATES may be lower than allowable under the terms of this addendum. We reserve the right to increase the ANNUAL PERCENTAGE RATE to the full percentage allowed (Index plus Margin) at any regular adjustment date in the future.
Home Loans – Manufactured Home Loans – Not Currently Offering| MANUFACTURED HOME LOANS | MARGIN ABOVE INDEX | DAILY PERIODIC RATE | ANNUAL PERCENTAGE RATE | FIXED OR VARIABLE RATE |
|---|---|---|---|---|
| Manufactured Home – No Land | Product Not Available | Variable | ||
| Manufactured Home – With Land | Product Not Available | Variable |
(Index as of 06/20/2024: 4-week average of 6-month Treasury Bill: 5.155%, rounded to .25%= 5.25%)
MANUFACTURED HOMES: Maximum loan-to-value on Manufactured Home with No Land is 60% of the lesser of the purchase price, real market tax assessed value or appraisal. Maximum loan-to-value on Manufactured Home With Land is 65% of the lesser of the purchase price, real market tax assessed value or appraisal. Appraisals may be required on all purchase money loans. Member pays all third party costs including State of Oregon Fees – $55 (e), Escrow Fee – $200 (e), Flood Zone Determination and Life of Loan Tracking – $30 (e) and Loan Processing/ Application Fee of $50 and cost to re-convey Deed of Trust $225 (e) charged when loan is paid in full. Member will be required to surrender title to manufactured home for all requests with Manufactured Home and Land programs. The ANNUAL PERCENTAGE RATE on a variable rate loan is subject to change on the first day of January and July. The index used is the monthly average of the 6–month Treasury Bill rounded up to the next .25%, as published in The Register-Guard Newspaper or as published on the website http://www.treasurydirect.gov . We will use the most recent index value available to us as of 10 days before the date of any annual percentage rate adjustment. To determine the ANNUAL PERCENTAGE RATE that will apply to your account, we will add a margin to the value of the index. The margin shown above is the percentage you may be charged above the index. The ANNUAL PERCENTAGE RATE will never be less than 12.75% (Manufactured Home w/Land) or less than 13.25% (Manufactured Home with No Land) or greater than 18% or the maximum rate allowed by law, whichever is less. The rate cannot increase or decrease more than 2.0 percentage points at each adjustment. If the APR increases you may be required to make more payments of the same amount.
Loan Accounts Fee Disclosure
For Currently Offered Loan Programs. Fees are not all inclusive – for a complete list of fees, see your loan agreement.
GAP INSURANCE – VOLUNTARY: $475
Loan Fees Loan Application Processing Fee (ALL CONSUMER LOANS): RE: $50 CONSUMER: $25
Loan Late Payment Fee (5 or More Days Late): $30 Effective 4/1/19
Forced Placed Insurance Processing Fee: $50
Loan Modification Fee/Loan Skip Payment Fee: $30
Flood Zone Determination & Life of Loan Tracking: $30
Loan Application Processing Fee (ALL REAL ESTATE LOANS): $50
CarFax Vehicle Report (waived if Vehicle Financed with EEFCU):$10
Overdraft Line of Credit Fees
Loan Late Payment Fee (5 or More Days Late): $30 Effective 4/1/19
Overdraft Transfer Fee (To Checking): $0.00
Over Limit Fee: $30/ per item
*Third Party (i.e. DMV) Lien Perfection Fees will be assessed at the time the loan is processed.
The rates and fees appearing in this schedule are accurate and effective for all Accounts as of the Effective Date indicated herein. If you have any questions or require current rate and fee information on your accounts, please call the Credit Union at 541-988-9059 (Eugene/Springfield) or 1-866-844-9455.
Your savings are federally insured to at least $250,000 and backed by the full faith and credit fo the U.S. Government, National Credit Union Association, U.S. Government Agency.
