LOAN RATES
Borrow better, with our competitive-rate loans, for all your needs!
| Loan Rates | ||
| Name | Term | APR as low as* |
| Auto Loan 2021 and newer*1 | 36 Months | 5.34% |
| Auto Loan 2015-2020*2 | 60 Months | 5.44% |
| Motorsports Loan 2020 and newer*3 | 48 Months | 5.74% |
| Motorsports Loan 2014-2019*4 | 48 Months | 7.44% |
| Boat and RV Loan 2020 and newer*5 | 60 Months | 6.24% |
| Boat and RV Loan 2014-2019*6 | 60 Months | 7.24% |
| Personal Loans*7 | 10.49% | |
| Personal Line of Credit*** | 8.99% | |
| Secured Partnership Loan* | 9.50% | |
| Fast Funds Line of Credit* | 15.00% | |
| Savings Secured Loan** | 3.10% | |
| Credit Builder Loan**8 | 4.69% | |
| Certificate Secured Loan**9 | 4.69% | |
You can finance through MCCU with any of these easy options:
- Apply now with our online application.
- Call us at: 218-625-8800 to apply over the phone.
- Use our convenient video banking service to apply.
- Visit us in- branch! Click here to schedule an appointment.
Business Loans
We keep our rates fresh! Please contact our Business Services Team for our current commercial loan rates, at: 218-625-8890 or 1-800-296-8871.
Mortgage & Home Equity Loans
For current mortgage rates, please contact an MCCU Mortgage Team member.
*APR is the Annual Percentage Rate. Rates listed are effective as of May 3, 2023. Rates listed are the lowest possible rates and, except for savings secured and credit builder loans, require automatic payments (without auto pay the APR will be 0.25% higher). Rates may be higher based on a number of factors such as credit history, loan to value, collateral, term length, etc. Rates, terms and conditions may change at any time.
**APR is 3% above the rate on the deposit product securing the loan.
***APR is the Annual Percentage Rate. Rate listed is effective May 3, 2023 and is subject to change. To obtain a personal line of credit borrowers must have a personal checking account with MCCU and enroll in autopay for the line of credit.
All loan products are subject to loan approval. MCCU membership required.
(1) Example terms of repayment: 36-month loan at 5.34% APR and a loan to value of 80%, would result in a monthly payment of $30.12 per $1000 borrowed.
(2) Example terms of repayment: 60-month loan at 5.44% APR and a loan to value of 80%, would result in a monthly payment of $19.07 per $1000 borrowed.
(3) Example terms of repayment: 48-month loan at 5.74% APR and a loan to value of 100%, would result in a monthly payment of $23.37 per $1000 borrowed.
(4) Example terms of repayment: 48-month loan at 7.44% APR and a loan to value of 100%, would result in a monthly payment of $24.15 per $1000 borrowed.
(5) Example terms of repayment: 60-month term at 6.24% APR and a loan to value of 100%, would result in a monthly payment of $19.44 per $1000 borrowed.
(6) Example terms of repayment: 60-month term at 7.24% APR and a loan to value of 100%, would result in a monthly payment of $19.91 per $1000 borrowed.
(7) Example terms of repayment: 36-month term 10.24% APR would result in a monthly payment of $32.38 per $1000 borrowed
(8) Rate is the lowest rate possible and assumes a 12-month certificate with a minimum balance of $600 secures the loan.
(9) Rate is the lowest rate possible and assumes a 12-month certificate with a minimum balance of $1,000 secures the loan.
