Official Credit Union of UMass Athletics

Official Credit Union of UMass Athletics

Loan Rates

The current prime rate is: 3.75%. Loan Rates Effective as of December 15, 2016.

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 2.49% 36 Months
Autos New & Used 2.49% 48 Months
Autos New & Used 2.49% 66 Months
Autos New & Used 2.99% 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

Product Annual Percentage Rate Max Term Limits
VISA Platinum 10.25% - 14.25% Revolving $25,000.00

Fixed Home Equity Loans ¥#

Product Annual Percentage Rate Max Term Limits
rates starting at...
Up to 80% Loan-to-Value
Home Equity Loan
4.00% 60 Months $250,000.00
Up to 80% Loan-to-Value
Home Equity Loan
4.75% 120 Months $250,000.00
Up to 80% Loan-to-Value
Home Equity Loan
5.50% 180 Months $250,000.00
Up to 80% Loan-to-Value
Home Equity Loan
6.50% 240 Months $250,000.00
Over 80% to 90% Loan-to-Value
Home Equity Loan
6.25% 60 Months $100,000.00
Over 80% to 90% Loan-to-Value
Home Equity Loan
7.00% 120 Months $100,000.00

Home Equity Lines of Credit ¥#*

Product Annual Percentage Rate Max Term Limits
rates starting at...
Up to 70% Loan-to-Value
Home Equity Line of Credit
3.50% 10 year draw, 10 year repay  $250,000.00
Over 70% to 80% Loan-to-Value Home Equity Line of Credit 3.50% 10 year draw, 10 year repay  $250,000.00
Over 80% to 90% Loan-to-Value Home Equity Line of Credit 4.75% 10 year draw, 10 year repay  $100,000.00

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

Mass Solar Loan *<>

Occupancy Status Annual Percentage Rate Max Term Limits
Owner Occupied 4.50% 120 Months $60,000
1-4 Family Investment Property 5.00% 120 Months $49,999
Non-Owner-Occupied or Community Shared Solar Project 5.00% 120 Months $60,000

~ 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. Rate will be determined by subtracting 0.25% from the Prime Rate at time of application.

§ 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.