Rates

Loan Rates

New and Used Auto / Truck Loans

Minimum Loan Amount[1]Terms up to[2]Annual Percentage RatePayment per $1000[3]
$1,00060 months1.99%$17.52
$20,00184 months1.99%$12.76

New and Used Auto / Truck Loans – Single Pay Note

Minimum Loan AmountTerms up toAnnual Percentage RatePayment per $1000
$1,0006 months1.99%N/A

New and Used RV & Boat Loans

Minimum Loan AmountTerms up toAnnual Percentage RatePayment per $1000
$1,00060 months1.99%$17.52
$20,00184 months1.99%$12.76
$60,001120 months2.99%$9.65

New and Used RV & Boat Loans – Single Pay Note

Minimum Loan AmountTerms up toAnnual Percentage RatePayment per $1000
$1,0006 months1.99%N/A

New and Used Motorcycle & Other Vehicle Loans

Minimum Loan AmountTerms up toAnnual Percentage RatePayment per $1000
$1,00060 months1.99%$17.52
$20,00184 months1.99%$12.76

New and Used Motorcycle & Other Vehicle Loans – Single Pay Note

Minimum Loan AmountTerms up toAnnual Percentage RatePayment per $1000
$1,0006 months1.99%N/A

Personal Loans

Minimum Loan AmountTerms up toAnnual Percentage RatePayment per $1000
$1,00060 months6.99%$19.80
Up to $50,00060 months6.99%$19.80

Personal Loans – Single Pay Note

Minimum Loan AmountTerms up toAnnual Percentage RatePayment per $1000
$1,0006 months6.99%N/A

Line of Credit Loans4

Minimum Loan AmountTerms up toAnnual Percentage RatePayment per $1000
$1,000N/A8.00%N/A
Up to $50,000N/A8.00%N/A

Share Secured Loans5

Minimum Loan AmountTerms up toAnnual Percentage RatePayment per $1000
$50060 monthsVariable Regular Shares Rate +.20$17.14
$20,00184 monthsVariable Regular Shares Rate +.20$12.42
$60,001120 monthsVariable Regular Shares Rate +.20$8.85

Share Secured Loans – Single Pay Note

Minimum Loan AmountTerms up toAnnual Percentage RatePayment per $1000
$50012 monthsVariable Regular Shares Rate +.20N/A

[1]Maximum Loan Amounts for vehicle loans are based on the Loan to Value (LTV)%. The LTV% used in the final approval amount factors in the collateral type, loan type, and an evaluation of the applicant(s) credit.

[2] Maturities greater than 84 months (7 years) are restricted to loans with a loan amount greater than $60,000 and secured only by shares, boats or motor homes. All other collateral is limited to a maximum of 84 months repayment.

[3] Payment per $1000 calculated on maximum term available.

[4]Line of Credit loans are a revolving line of credit. Payments are recalculated at each advance.

[5]The rates for Shared Secured Loans 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.

Savings Rates

Share Accounts – Federally Insured by NCUA

ProductDividend Rate [1]Annual Percentage Yield (APY)
Share Savings Accounts0.90%0.90%
IRA Savings Accounts0.90%0.90%
Electronic Share Accounts0.90%0.90%

Open an Account

Annual Percentage Yield is accurate as of February 1, 2022. Dividends are compounded DAILY and declared at the beginning of each month and are credited and posted on the last day of the month.

[1]Share rates are subject to change monthly (such change to be effective on the first day of each month) to reflect any changes as declared by the Board of Directors of the State Farm Credit Union during the month preceding any such change.