PERFORMANCE PLUS PRICING

Effective January 1, 2002, MiddConn Municipal Federal Credit Union introduced Performance Plus Pricing. This program was designed to help as many members as possible obtain credit at fair rates.

Effective 12/18/2012 Rates subject to change without prior notice

  • Loans given to qualified applicants
  • Rates determined by the length of financing and your credit history
  • APR = Annual Percentage Rate
Vehicle Loan Rates
Term Rate Conditions*
24 months As low as 2.24% APR 100% financing
36 months As low as 2.24% APR 100% financing
48 months As low as 2.24% APR 100% financing
60 months As low as 2.24% APR 100% financing
72 months As low as 3.24% APR 100% financing

*Your rate will be determined by your credit report.
Includes autos, trucks, motorcycles, RV's.

Repayment example: 

  • A 3yr. $15,000 new vehicle at 5.50% Annual Percentage Rate (APR) will have 36 monthly payments of $452.89. 
  • A 4 yr $15,000 new vehicle at 5.50% Annual Percentage Rate (APR) will have 48 monthly payments of $348.82.  
  • A 5 yr $15,000 new vehicle at 5.75% Annual Percentage Rate (APR) will have 60 monthly payments of $288.23. 
  • A 6 yr new vehicle at 6.00% Annual Percentage Rate (APR) will have 72 monthly payments of $248.58.

 

Signature Loans
Term Rate
Terms up to 60 months As low as 10.00% APR

*Your rate will be determined by your credit report.

Repayment Example: 

  • A 5 yr. $5,000 signature loan at 10.00% Annual Percentage Rate (APR) will have 60 monthly payments of $106.22. 
Share Secured Loans
Term Rate
Up to 36 months 2.00% over share rate
Up to 60 months 3.00% over share rate
Certificate Secured Loans
Term Rate
Various terms 2.00% over certificate rate

Certificate must be renewed for the term of the loan.

Recreational Vehicles (untitled)
Term Rate*
Up to 36 months As low as 6.50% APR
48 months As low as 6.75% APR
60 months As low as 7.00% APR
72 months As low as 7.50% APR
84 months As low as 7.75% APR
96 months As low as 8.00% APR
120 months As low as 8.25% APR

*Your rate will be determined by your credit report.
Includes campers & trailers.

Repayment Example: 

  • A 3 yr. $15,000 RV Loan at 7.00% Annual Percentage Rate (APR) will have 36 monthly payments of $463.10. 
  • A 4 yr. $15,000 RV Loan at 7.25% Annual Percentage Rate (APR) will have 48 monthly payments of $360.90. 
  • A 5 yr. $15,000 RV Loan at 7.50% Annual Percentage Rate (APR) will have 60 monthly payments of $300.54. 
  • A 6 yr. $15,000 RV Loan at 7.75% Annual Percentage Rate (APR) will have 72 monthly payments of $261.15. 
  • An 8 yr. $15,000 RV Loan at 8.00% Annual Percentage Rate (APR) will have 96 monthly payments of $213.95. 
  • A 10 yr. $15,000 RV Loan at 8.50% Annual Percentage Rate (APR) will have 120 monthly payments of $185.98.
Second Mortgage    
Term Rates Conditions*
96 months          as low as 3.49% 90% financing
180 months as low as 4.49% 90% financing

*Your rate will be determined by your credit report.
Connecticut residences only.
Must be your primary residence.
Minimum loan amount is $15,000.
Maximum loan is $200,000.00.
Minimum Credit Score:  680
Property Insurance is required.
Flood Insurance may be required.

Repayment Example: 

  • An 8 yr. $15,000 mortgage at 3.49% Annual Percentage Rate (APR) will have 96 monthly payments of $179.32
  • An 8 yr. $15,000 mortage at 3.99% Annual Percentage Rate (APR) will have 96 monthly payments of $182.79.
  • A 15 yr. $15,000 mortgage at 4.49% Annual Percentage Rate (APR) will have 180 monthly payments of $114.70 
  • A 15 yr.$15,000 mortgage at 4.99% Annual Percentage Rate (APR) will have 180 monthly payments of $118.57

Contact the credit union for an application.

 
Home Equity Line of Credit (variable rate)
Term Rate Conditions*
  Rate tied to Prime 90% loan to value ratio.

*Your rate will be determined by your credit report.
Connecticut residences only.
Must be your primary residence.
The maximum Home Equity Line of Credit Loan is $75,000.00.
Variable Rate based on the Prime as published in the Wall Street Journal.
Our rate will never go below 5.00% APR.
The maximum ARP that can be charged is 18.00%, the maximum allowed under law.
The rate can change monthly.
There is no limit on how many basis points the rate can chagne at each adjustment.
The minimum credit advance if $500.00 for the first and each subsequent advance.
The minimum monthly payment is $100.00.
Property Insurance is required.
Flood Insurance may be required.

Contact the credit union for an application.

Unsecured Line-of-Credit
Term Rate Conditions*
Open-end 14.00% APR Limit will be determined by your credit report.

* The rate on the Line-of-Credit is fixed for the term.
The periodic rate on 14.00% Annual Percentage Rate (APR) is 0.038357%.
The minimum monthly payment is $25.00.
There is a $20.00 annual fee which is assessed in January of each year.
The maximum line-of-credit is $7,500.00.
Term - revolving.