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LorMet Open to the Public in Elyria Ohio

Current Rates

 

       Automobile Loan Rates

Rate

APR**

Max Term Up To

                  New Auto                                                            

**3.99 **3.99

72 mos.

*Calculator
                  Used Auto **5.50 **5.50 72 mos. *Calculator
                  New Motorcycle  **4.99 **4.99  72 mos.  *Calculator
                  Used Motorcycle **5.50 **5.50 72 mos. *Calculator
                  New Boat **4.99 **4.99 72 mos. *Calculator
                  Used Boat **5.50 **5.50 72 mos. *Calculator
                  New Personal Watercraft, Snowmobiles & ATV's **4.99 **4.99 72 mos. *Calculator
                  Used Personal Watercraft, Snowmobiles & ATV's **5.50 **5.50 72 mos. *Calculator
       Other Loans        
                  Signature Loan - As Low As **7.250 **7.250  48 mos.  *Calculator
                  Share Secured Loan 4.99 4.99  60 mos.  *Calculator
       Mortgage Loans        
                  1st Mortgage - 15 Years 5.900 6.140 180 mos.  *Calculator
                  1st Mortgage - 30 Years 6.500 6.920

360 mos

*Calculator

                  Home Equity -(Fixed Rate) Fees waived upon approval

As Low As ***5.500 Up to 15years *Calculator

                  Below Prime Home Equity Line of Credit - Variable

0.000 ****4.750 180 mos.  *Calculator
                  FHA Home Improvement Loan-84 Months 6.900 6.900 84 mos.  *Calculator

 *PLEASE NOTE:  The calculators on this page are to provide approximate information about your loan payments and does not constitute an offer to extend credit.  Your actual payment information may vary.  Please contact the credit union for payment information and variables specific to loan

**Rates based upon applicants credit score.  All applicants may not qualify for the lowest rate.
***Annual Percentage rate of 5.50% is available on Home Equity Term loans of $10,500.00 to $100,000.00 with a term up to 180 months . Start-up fee waived for a limited time only upon loan approval and is subject to change without notice. If you payoff the Home Equity Term loan for any reason within 24 months, a $250.00 penalty will apply. Not available to rental property or homes currently for sale or intended to be sold in six months of closing.

****Rates stated as effective July 1, 2010. Rates and terms are subject to change without notice. This Rate sheet is offered as an invitation for member inquires only.  It is not a contract.  Lending Products “as low as” are based upon tiered credit scores. Applicants may or may not qualify for the lowest rate.  Prime rate is 3.25% as of 12/16/2008. A minimum balance of $2,000.00 must be maintained to avoid a $10.00 monthly fee. While all closing cost are waived, a prepayment penalty of up to $150.00 will be assessed for all lines of credit closed within 2 years from the date of opening. Actual qualifying rates can only be determined after an application has been processed. Not all applicants will qualify for maximum term, restrictions and conditions may apply. Maximum rate is 18% APR.  

You may contact LorMet Community Federal Credit Union at 
(440) 960-LOAN for further information.
 

 

Savings Rate

Dividend Rate

APY*

Term

Minimum Opening Balance

Regular Shares (Savings) / Holiday Shares

.300

.300

N/A

$5.00

*APY = Annual Percentage Yield.  Rates stated are prospective dividend rates effective July 22, 2010.  This account is a variable rate and the dividend rates and APYs  may change after the account is open. You must maintain a minimum daily balance of $50.00 in your account each day to obtain the disclosed annual percentage yield.  

Term Share Certificates

Dividend Rate

APY***

Minimum Opening Balance

91 Days

.700

.700

$500.00

182 Days

.900

.900

$500.00

9 Months

1.000

1.000

$500.00

12 Months

1.190

1.200

$500.00

18 Months

1.290

1.300

$500.00

24 Months

1.600

1.610

$500.00

30 Months

1.840

1.850

$500.00

  

IRA Certificates (Traditional & Roth)

Dividend Rate

APY***

Minimum Opening Balance

Traditional 18 Months Variable

1.000

1.000

$25.00

Traditional 6 Months

.900

.900

$500.00

Traditional 18 Months

1.290

1.300

$500.00

Traditional 30 Months

1.840

1.850

$500.00

Roth 6 Months

.9000

.9000

$500.00

Roth 18 Months

1.290

1.300

$500.00

Roth 30 Months

1.840

1.850

$500.00

***APY= Annual Percentage Yield.  Rates stated are prospective dividend rates effective July 22, 2010  These rates are subject to change.  A penalty may be charged for early withdrawal. 

You may contact LorMet Community Federal Credit Union at 
(440) 960-6600 for Rate Updates.

 

 

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