| Loans |
Minimum Loan
Amount
|
Terms
Up To
|
Annual Percentage
Rate
|
Payment Per $1000*
|
|
New & Used Vehicles
Single Pay Note
|
$ 1,000
$20,001
$30,001
$ 1,000
|
60 Months
72 Months
84 Months
6 Months
|
1.99%
1.99%
1.99%
1.99%
|
$17.52
$14.75
$12.76
N/A
|
New & Used RV or Boat
Single Pay Note |
$ 1,000
$20,001
$30,001
$60,001
$ 1,000
|
60 Months 72 Months
84 Months
120 Months
6 Months
|
1.99%
1.99%
1.99%
2.99%
1.99%
|
$17.52
$14.75
$12.76
$9.65
N/A
|
Share Secured Loans
Single Pay Note |
$ 1,000
$20,001
$30,001
$60,001
$ 1,000
|
60 Months
72 Months
84 Months
120 Months
12 Months
|
Variable
Regular Shares
Rate +.20
|
$17.18
$14.40
$12.42
$8.85
N/A
|
|
The rates for Shared Secured advances are subject to changes monthly (such change to be effective on the first day of each month) to reflect any change in the index as declared by the Board of Directors of the State Farm Federal Credit Union during the month preceding any such change.
|
|
Line of Credit
|
Up to $50,000
|
60 Months
|
8.00%
|
N/A
|
|
CU1000 Line of Credit
Minimum advance on a line of credit is $500, except a CU1000 which is $250.
|
Up to $1,000
|
12 months
|
12.00%
|
N/A
|
|
Personal Installment Loan
Single Pay Note
Minimum loan amount for any reason is $1,000, except CU1000 is $500. Minimum monthly payment on all loans, except Single Pay Note and CU1000 is $50.00. Minimum payment on CU1000 is $100.00
* Payment per $1000 calculated on maximum term available.
|
Up to $50,000
$ 1,000
|
60 Months
6 Months
|
8.00%
8.00%
|
$20.28
N/A
|
State Farm Associates
Mutual Funds or Life Insurance Loan |
$ 1,000
$20,001
$30,001
$60,001
|
60 Months
72 Months
84 Months
120 Months
|
1.99%
1.99%
1.99%
2.99%
|
$17.52
$14.75
$12.76
$8.65
|
|
Maturities greater than 84 months (7 years) are restricted to loans with a loan amount of $60,000 or more and secured only by shares, life insurance, boats or motor homes. All other collateral is limited to a maximum of 84 months repayment.
|
