Official Credit Union of UMass Athletics

Official Credit Union of UMass Athletics

Loan Rates

The current prime rate is: 5.00%. Loan Rates Effective as of July 16, 2018.

Auto Loans @

Financing available up to 125% of NADA suggested retail value, but may be lower based on your credit score.

Product Annual Percentage Rate Max Term
  rates starting at...   
Autos New & Used 3.29% 36 Months
Autos New & Used 3.29% 48 Months
Autos New & Used 3.29% 66 Months
Autos New & Used 3.79% Over 66 Months

Motorcycle Loans #

Product Annual Percentage Rate Max Term Limits
Motorcycle
New & Used
8.00% 36 Months 100% Financing
Motorcycle
New & Used
8.30% 48 Months 100% Financing
Motorcycle
New & Used
8.80% over 48 months 100% Financing

Bicycle Loans - click here

VISA Credit Cards נ

[Rate table "visa-credit-cards" not found.]

Fixed Home Equity Loans ¥#

Product Annual Percentage Rate Max Term Limits
rates starting at...
Retire Your Mortgage*  3.49% 120 Months $250,000.00
Up to 80% Loan-to-Value
Home Equity Loan
3.50% 60 Months $250,000.00
Up to 80% Loan-to-Value
Home Equity Loan
3.75% 120 Months $250,000.00
Up to 80% Loan-to-Value
Home Equity Loan
4.25% 180 Months $250,000.00
Up to 80% Loan-to-Value
Home Equity Loan
5.00% 240 Months $250,000.00
Over 80% to 90% Loan-to-Value
Home Equity Loan
5.75% 60 Months $250,000.00
Over 80% to 90% Loan-to-Value
Home Equity Loan
6.00% 120 Months $250,000.00
Over 80% to 90% Loan-to-Value
Home Equity Loan
6.50%  180 Months $250,000.00

Home Equity Lines of Credit ¥#*

Product Annual Percentage Rate Max Term Limits
rates starting at...
1.99% HELOC 12 Month Special  1.99%   10 year draw, 10 year repay        $250,000.00
Up to 80% Loan-to-Value Home Equity Line of Credit 4.75% 10 year draw, 10 year repay  $250,000.00
Over 80% to 90% Loan-to-Value Home Equity Line of Credit 6.00% 10 year draw, 10 year repay  $250,000.00

Student Loans Rates - click here

Personal Loans†

Product
Annual Percentage Rate
Max Term
Limits
Personal
13.50%
48 Months
$15,000.00
Personal Line of Credit
13.50%
Revolving
$25,000.00
Overdraft Line of Credit
13.50%
Revolving
$25,000.00
Computer
9.90%
48 Months
$15,000.00
Home Improvement
5.75%
36 Months
$15,000.00
Home Improvement
6.75%
60 Months
$15,000.00
Home Improvement
10.50%
84 Months
$15,000.00
Energy & Fuel Conservation §
3.90%
24 Months
$3,000.00

Mass Solar Loan *<>

Occupancy Status Annual Percentage Rate Max Term Limits Geographic Limits
Owner Occupied 6.00% ~ 120 Months $60,000 All Counties

~ A 1.50% interest rate discount is available to income-eligible members.

Mass Solar Loans cannot be obtained without a Technical Confirmation from the CEC and Credit Union membership established. However, we will provide pre-approvals without these items.

Credit Building Loans ^

Product
Annual Percentage Rate
Max Term
Limits
Share Secured
View here
120 Months
Available balance in account.
Credit Builder Loan
View here
48 Months
$1,000.00

Specialty Loans - click here

Loan rates are subject to change at any time.

@ Annual Percentage Rate and maximum loan-to-value based on your credit score, vehicle age, and vehicle mileage. Your actual rate may be higher.

# Property insurance required.

◊ Variable rates subject to change. Rates are based on an index of Prime Rate plus a margin of 6.50%, 7.50%, 8.50%, or 10.50% based on your credit score. 

† Total amount of all unsecured loans and lines of credit may not exceed $50,000 per member.

¥ Annual Percentage Rate is based on a combination of your credit score and loan to value. Your actual rate may be higher.

* The rate is adjusted monthly according to the Prime Rate as published in the Wall Street Journal on the last Thursday of each month.

<> Interest rate fixed for life of the loan.

§ Maximum term for home heating is 12 months, unless a Secondary Share Account has been established to pay for the following years heating expenses.

^ Interest rate is 3.00% above interest earned.