Rates
Loan Rates
New Vehicles
Loan Type | Terms | APR* |
---|---|---|
Including Automobiles, Boats, Motorcycles, Tractors, Campers, and 4-Wheelers/ATVs | 36 months | Rates as Low as 5.19% APR* |
48 months | Rates as Low as 5.49% APR* | |
60 months | Rates as Low as 5.49% APR* | |
72 months | Rates as Low as 5.74% APR* | |
84 months | Rates as Low as 5.99% APR* (Selling price must be $30,000) |
Program Cars / Demonstrators. New Car financing available for program cars if purchased in the current model year. ATV’S and Golf Carts (New Only). Same rates as New Vehicles, Limited to 5 year financing. Second Chance Vehicle Loans. Refinance a new vehicle within the first year and get our New Vehicle Rates. 84 monthly payments of $14.61 per $1000 borrowed at 5.99%. ** Rates subject to Credit and Collateral Qualifications. **All interest rates are subject to change without notice and may be higher than the listed rates. All rates are based on Credit History.
Used Vehicles
Loan Type | Terms | APR* |
---|---|---|
5 Years Old or Older Including Automobiles, Boats, Motorcycles, Tractors, and Campers | 36 months | Rates as Low as 8.20% APR* |
48 months | Rates as Low as 8.20%% APR* | |
Unimproved property / Lots
Terms | APR* |
---|---|
1 – 6 years | Rates as Low as 5.15% APR* |
7 – 9 years | Rates as Low as 5.40% APR* |
10 – 15 years | Rates as Low as 5.65% APR* |
15 year amortization with 10 year maturity. 180 monthly payments of $8.26 per $1000 borrowed at 5.65%. Lesser of appraisal value or cost. Not to exceed total loan limit. Mortgages are done by credit union attorney before check is issued. Member pays for appraisal, attorney fees, title search, etc… Need purchase agreement & appraisal authorizatio.n
Home Equity / Home Purchase
Terms | APR* |
---|---|
Up to 30 years | Please call RRFCU for current rates (225) 869-9762 |
Signature Loans
Requirements | Maximum Amount | APR* | Sample Payments |
---|---|---|---|
Members are eligible after 6 months of employment | Member can qualify for 2 times their gross monthly income not to exceed $10,000.00. | Rates as Low as 5.99% APR* | 24 monthly payments of $44.33 per $1,000 borrowed at 5.99% APR* |
Rates are determined upon credit history.
Share Secure Loans
Requirements | Term | APR* |
---|---|---|
Application | Term limit – 12 years | Rates are 2% above the rate earned on shares held as collateral. |
Tuition Loans
Requirements | Term | APR* |
---|---|---|
Copy of invoice from school/college required | 1-Year Term | Rates as Low as 3.99% APR* |
Savings Rates
Share Dividend Rates
Share Amount | Dividend Rate | APY** |
---|---|---|
$100.00 and Over | 0.15% | 0.150% |
All dividend rates are subject to change without notice. *Dividends are figured on daily balances, compounded, and paid quarterly. APY = annual percentage yield.
Christmas Club
Term | Dividend Rate |
---|---|
Christmas | 0.15% |
Share Certificate Rates
for $1,000 and over
Term | Dividend Rate | APY** |
---|---|---|
6 Months | 4.00% | 4.081% |
1 Year | 4.35% | 4.446% |
18 months | 4.00% | 4.081% |
2 Years | 3.75% | 3.821% |
3 Years | 3.50% | 3.562% |
IRA Dividends
IRA Account | Dividend Rate | APY** |
---|---|---|
0.35% | 0.350% |