Loan Rates

Beach Municipal FCU Offers Competitive Loan Rates

Credit Unions traditionally offer lower loan rates than other financial institutions, and we are no exception!  We regularly review our rates to ensure Beach Municipal FCU members' loans rates are competitive in our market.

Consumer Loans

Auto Loan Rates

Auto & Recreational Vehicle Loan Rates
Effective Date: Wednesday, May 1, 2024
Type of LoanAnnual Percentage Rate*
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Vehicles: New, Used & Classic 3.25% - 17.99%
Recreation Vehicles: New & Used Boats, RV's & Travel Trailers 6.25% - 17.99%

*Annual Percentage Rate (APR) varies according to loan term and loan amount. All loans are subject to approval. Some restrictions may apply. Rates are subject to change without notice. Rates are accurate as of the effective date above.  Relationship discounts may apply; however, a floor rate of 2.75% APR is in effect. Floor rate does not apply to Certificate or Share Secured loans.  Rates, terms and conditions are subject to change and may vary based on credit score, qualifications and collateral conditions. Please contact us for details.

Auto Loan Calculator

What would my auto payments be?

Many factors go into determining the final loan amount for the purchase of a new or used vehicle. These factors include any manufacturer's rebate, the trade-in value of your old vehicle less any outstanding balance, your down payment, etc. Once the loan amount is determined the interest rate and the term of the loan will be used to estimate your vehicle payment.

Loan Amount

Assumptions

 

Credit Card Rates

Credit Card Rates
Effective Date: Sunday, October 1, 2023
NameLoan AmountAnnual Percentage Rate for Cash Advances, Balance Transfers and Purchases
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Visa® Platinum $5,000 - $20,000 10.49% Variable*
Mastercard Gold $2,500 - $15,000 12.99%
Mastercard Classic $250 -$7,500 14.49%
Take Charge Secured Mastercard $250-$1,000 based on amount of secured funds 15.24%

Application and Solicitation Disclosure

Card-type issued is determined by credit history. Lines of credit are subject to approval. Please refer to your credit card disclosures for additional information. *Variable Annual Percentage Rate (APR) is based on the index of prime plus margin. Prime as of  08.15.2023 = 8.50%. Rate is subject to change quarterly. Rates are accurate as of the effective date above. Rates are subject to change without notice. Rates, terms and conditions are subject to change and may vary based on credit score, qualifications and collateral conditions. Please contact us for details.

Personal Loan Rates

Personal Loan Rates
Effective Date: Monday, August 1, 2023
Type of LoanAnnual Percentage Rate*
Apply for a loan online
Unsecured Personal Loans 8.95% - 17.95%
Line of Credit Loans 8.95% - 17.95%
Overdraft Line of Credit Loans 9.95% - 17.95%
Share Secured Loans 3.00% above share dividend rate in effect at the time of loan
Certificate Secured Loans 2.00% above share dividend rate in effect at the time of loan

*APR=Annual Percentage Rate. All loans are subject to approval. Some restrictions may apply. Rates are subject to change without notice. Rates are accurate as of the effective date above. Relationship discounts may apply; however, a floor rate of 2.75% APR is in effect. Floor rate does not apply to Certificate or Share Secured loans. Rates, terms and conditions are subject to change and may vary based on credit score, qualifications and collateral conditions. Please contact us for details.

 

Real Estate Loans

First Mortgage Rates

First Mortgages
Effective Date: Thursday, May 23rd, 2024
First Mortgages

Rates are subject to change daily. To access today's first mortgage rates, please click here or call our Mortgage Department at 877.349.5086.

Apply Online

Home Equity Lines of Credit Rates

Home Equity Lines of Credit Rates*
Effective Date: Sunday, October 1, 2023
NO CLOSING COSTS**
TypeLoan To ValueAnnual Percentage Rate
Apply Online
HELOC Up to 90% 8.50% - 13.50%

Rates apply to owner-occupied property only. For investment or unimproved property rates and terms, or for LTVs above 90%, please contact the Mortgage Department.

LTV = Loan To Value.
APR = Annual Percentage Rate.

Rates are accurate as of the effective date above and are subject to change without notice. Fees and closing costs may be incurred. Fee amounts based on appraisals, loan amount, flood certifications, title insurance and other determining factors. Rates may vary based on credit score, loan term and amount and collateral conditions (LTV). Please contact the Mortgage Department for complete details. Maximum APR is 18.00%. Minimum APR not to go below our current floor rate of 4.00%.  

*Variable equity line rate is based on the index of prime plus margin. Prime as of 08.15.2023 = 8.50%. Rate is subject to change quarterly.

**The Credit Union pays all closing costs except for the appraisal fee. Reimbursement of all closing costs required if the loan is paid off and closed within two years of funding. 

HELOC Payment Examples
Up to 90% LTV based on a loan amount of $50,000.
Maximum payment of $625 for all rates.
HELOC payment is based on $12.50 per $1,000 borrowed with a minimum payment of $100.

Second Mortgage Rates

Second Mortgage Rates
Effective Date: May 1, 2024
NO CLOSING COSTS*
TermMaximum LTVAnnual Percentage Rate
0-60 months up to 90% 5.50% - 8.00%
61-120 months up to 90% 6.25% - 8.75%
121 - 180 months up to 90% 7.00% - 9.50%

Rates apply to owner-occupied property only. For investment or unimproved property rates and terms, or for LTVs above 90%, please contact the Mortgage Department.

LTV = Loan To Value.
APR = Annual Percentage Rate.

Rates are accurate as of the effective date above and are subject to change without notice. Fees and closing costs may be incurred. Fee amounts based on appraisals, loan amount, flood certifications, title insurance and other determining factors. Rates may vary based on credit score, loan term and amount and collateral conditions (LTV). Please contact the Mortgage Department for complete details. Maximum APR is 18.00%. Minimum APR not to go below our current floor rate.  

*The Credit Union pays all closing costs except for the appraisal fee. Reimbursement of all closing costs required if the loan is paid off in full within two years of funding. 

Second Mortgage Payment Examples

up to 80% LTV with a base loan amount of $50,000
Term Average Rate Payment
60 months 6.00% $967.02
61 months 6.75% $971.03
120 months 6.75% $574.44
121 months 7.50% $590.57
180 months 7.50% $463.83
up to 90% LTV with a base loan amount of $50,000
Term Average Rate Payment
60 months 6.50% $978.72
61 months 7.25% $982.88
120 months 7.25% $587.35
121 months 8.00% $603.76
180 months 8.00% $478.18

 

 

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