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Oregon Independent Federal Credit Union -- Addendum
Loan Rates Effective September-08-2003
Type of Loan Term Periodic Rate A.P.R.
Share, Money Market or Certificate Secured 120 months* 3% over deposit rate
New Autos and Trucks 60 months*
72 months*
.013671%
.015041%
4.99%
5.49%
Used Autos and Trucks**
1995 & Up
24 months*
36 months*
48 months*
60 months*
.010931%
.012301%
.013671%
.015041%
3.99%
4.49%
4.99%
5.49%
1994 and Older 60 months* .019151% 6.99%
Boats, Campers, Travel Trailers
New
1-2 Years Old Used**
3-4 Years Old
5 Years & Older

144 months*
120 months*
108 months*
60 months*

.016411%
.019151%
.021890%
.024630%

5.99%
6.99%
7.99%
8.99%
Motor Homes & Fifth Wheels Same as
boats etc
Same as
boats etc
Same as
boats etc
Mobile Homes***
New
Used
Maximum loan amount 80% of appraised value

Same as
boats etc

Same as
boats etc

Same as
boats etc
Other Secured****
New
Used

48 months*
36 months*

.019151%
.021890%

6.99%
7.99%
Signature Loans
Personal Line of Credit
Visa Overdraft LOC
Secured Line of Credit
60 months*
Revolving
Revolving
Revolving
.038328%
.032603%
.038328%
.032603%
13.99%
11.90%
13.99%
11.90%
Fixed Home Equity Loan
Variable Home Equity Loan
First or Second Position - Up to 80% of Appraised Value. $100 application fee, $20 Flood determination fee, $75 Drive-by Appraisal, Title Insurance (Varies).
120 months*
240 months*
.015753%/.017123% 5.75%/6.25%
2.00%/2.50%
over index
A minimum share account balance of $50.00 must be maintained at all times during the term of the loan. If for any reason the share account drops below the required minimum, the credit union reserves the right to add to the loan, the amount needed to bring the share account up to the minimum balance.

Comprehensive & Collision Insurance must be maintained on ALL vehicles (autos, boats, RV's, etc.) and other items (tractors, water craft)( used as collateral on a loan. If it becomes necessary VSI will be added by the credit union.
* Maximum Term
*** Drive-by Appraisal required - $75 fee.
**** Farm Equipment, Horse Trailers, Motorcycles, ATV's, Seacraft, etc.


TM & © 2000, 2001, 2002, 2003 & 2004 -- Oregon Independent Federal Credit Union.