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Automobile and Motorcycle Loans
| YEAR OF VEHICLE |
ANNUAL PERCENTAGE RATE |
TERM |
| 2008, 2009, 2010 |
3.75% 3.75% 3.75% 4.90% |
UP TO 36 MONTHS 48 MONTHS 60 MONTHS 72 MONTHS |
| 2001 TO 2007 |
6.9% 7.5% 8.4% $25,000.00 MINIMUM 8.9% LESS THAN $25,000.00 |
UP TO 48 MONTHS 60 MONTHS 72 MONTHS 72 MONTHS |
| 2000 AND OLDER |
7.9% 8.9% $12,000.00 MINIMUM |
UP TO 48 MONTHS 60 MONTHS |
Mobile Home, Boat, Camper, and Trailer Loans
Each of the following has a maximum time limit of 10 years. -Mobile Homes older than 1995 require an appraisal, the cost of which is to be paid by the member. -Boats older than 10 years and longer than 20 feet require a marine survey, the cost of which is to be paid by the member.
4.9% APR up to 5 (Five) year repayment regardless of age. 6.5% APR up to 10 (Ten) year repayment regardless of age.
*Applicants current credit score will determine if APR will increase or decrease*
Unsecured, Home Improvement, and Special Loans
The maximum
amount received through loans as a maker or a co-maker is $60,000.00,
of which $10,000.00 may be unsecured. This policy excludes VISA loans,
which are considered and approved seperately and may be as high as
$5,000.00.
Home Improvement loans are considered unsecured,
with an interest rate of 9.90% APR and a maximum time limit of 48
months. The maximum amount that can be borrowed is $10,000.00.
Other
unsecured loans, such as closed end and revolving credit loans, have a
14.9% APR interest rate and a maximum time limit of 36 months. The
maximum amount that can be borrowed is $10,000.00.
We also offer an Overdraft Loan for those with Checking Accounts. See Products and Services for details.
We
are currently offering a special unsecured promotion of $1000.00 at
9.5% APR for 12 months, $2500.00 at 9.0% APR for 24 months
and $5000.00 at 8.5% APR for 36 months.
Home Equity Loans and Mortgages
As of 3/12/09
Home Equity Fixed Rate start @ 4.75% APR
Home Equity Line of Credit start @ 4.75 APR
** All Equity
Products are based off Prime Rate and will change quarterly. Please
call the Credit Union to verify current rates. **
New purchase or
refinances can be done through our Mortgage Partners at Member
Mortgage. Our representative Jim Patrick visits weekly on
Thursdays. You can also call him @ (800) 945-4506.
Business Loans
Our lending program now offers:
- Business Lines of Credit
- Equipment Financing
- Vehicle Loans
- Commercial Real Estate
Contact Rome Credit Union for more details.

ROME Credit Union
1709 Crooks Rd.
Royal Oak, Michigan
48067
248.548.2300
Fax: 248.548.5708
romecu@aol.com
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