LOAN RATES
Borrow better, with our competitive-rate loans, for all your needs!
For more information, call us at: 218-625-8600 or use our convenient Video Banking service.
| Personal Loans | ||
| Name | Term | APR as low as |
| Traditional Auto Loan- 2018 and newer vehicles** | 36 Months | 2.84% |
| Traditional Auto Loan- 2012 and newer vehicles** | 60 Months | 3.44% |
| Traditional Auto Loan- 2010-2011 vehicles** | 60 Months | 4.84% |
| Drive & Save Auto Loan- 2018 and newer vehicles** | 36 Months | 3.34% |
| Drive & Save Auto Loan- 2015 and newer vehicles** | 60 Months | 3.94% |
| Recreational Loan 2017 and newer** | 48 Months | 3.24% |
| Recreational Loan 2011-2016** | 48 Months | 4.94% |
| Unsecured Signature Loan** | 9.99% | |
| Fast Funds Line of Credit** | 15.00% | |
| Unsecured Line of Credit** | 10.90% | |
| Share Certificate/Secured Loan* ** | 4.00% | |
| Secured Partnership Loan** | 9.00% | |
| Credit Builder Loan* ** | 4.00% | |
APR is the Annual Percentage Rate. Rates are effective May 1, 2020 and are subject to change.
*Interest rate is 2.00% above the rate earned on share certificate with a minimum of 4.00%. Share Secured and Credit Builder loans are not eligible for the automatic payment rate deduction.
**Rates listed are the lowest possible rates. Rates may be higher depending on credit history, down payment, collateral, loan amount and term length. Subject to loan approval. Rates, terms and conditions may change at any time. MCCU membership is required. The above rates are set with the expectation that payments will be set up on automatic withdrawal from an MCCU depository account. Add .25% to loan rates that are not set up with automatic withdrawal.
Business Loans
We keep our rates fresh! Please contact our Business Services Team for our current commercial loan rates, at: 218-625-8890 or 800-296-8871.
Mortgage & Home Equity Loans
For current mortgage rates, please contact an MCCU Mortgage Team member.
Check out our great refinance rates at a branch near you!
Patriot Act: Important Information About Procedures for Opening a New Account
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.
What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.
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