Rates shown for VPR (Variable Periodic Rate) are as published in the Wall Street Journal plus or minus margin. VPR is subject to change monthly. Check the current prime rate here.

• All loans are set up for a 15-year repayment at each draft like a LOC. You can set it up to have a minimum interest-only payment or payment and interest to pay off over 15 years. If interest only is chosen, at the end of 15 years it becomes a closed-end loan and you have 15 years to repay the total balance and interest.
• A minimum payment of $100.00/mo is required regardless of the amount drawn from the line of credit.
• Debt to income must be 45% or below. Over $90,000 requested is subject to board approval. Any first placed mortgages over $500,000 subject to other rates/restrictions/approvals.
• If any loans with PSRFCU are delinquent, withdrawal advances will be frozen until all accounts are current. Reconveyance fee is $350 of passthrough cost. Cost of application for HELOC is $500.

Late Fee

There will be a $25.00 late fee if the payment is received more than 15 days past the due date.

ALL RATES ARE DETERMINED BY YOUR CREDIT SCORE From 2.75%-18.00%

Members receive 0.50% off rates when paying by payroll deduction. You can receive a 0.25% rate reduction for paying by ACH or automatic transfer.

The maximum amount financed will be 95% of the purchase price, not to exceed 95% of the JD Power High Book Value. A tiered credit can finance 100% of the purchase of a vehicle. A+ tiered credit can finance 100%+++ (tax, licensing, fees up to 120% of JD Power). Add 0.50% for each year over 60 months. Add 0.50% if over 100,000 miles or aged over 10 years. A++ tier begins to increase at 60 months @ 0.25% up to 84 months, and then 0.50% after 84 months.

Down Payment Requirements

Persons with a “D” credit rating may either be required to pay a $500 Member Assist Auto Program (MAAP) fee or be required to have a co-signer or be required to do both.