Loan Rates
Loan rates effective as of January 7, 2009
Rates are subject to change and are dependent on credit rating
New Car/Truck
| Term | APR |
| Up To 36 Months | 4.99% |
| 37-72 Months | 5.99% |
| Any Term | Prime plus 1.1% |
| Term | APR |
| Up to 36 mo. | 5.99% |
| 37-72 mo. | 6.99% |
| Any Term | Prime plus 2.6% |
| Term | APR |
| Up to 36 mo. | 6.99% |
| 37-72 mo. | 7.99% |
| Any Term | Prime plus 1.1% |
| Term | APR |
| Up To 36 Months | 7.99% |
| 37-72 Months | 8.99% |
| Any Term | Prime plus 2.6% |
| Type | APR |
| Share | 4.99% |
| Term | APR |
| Up To 36 Months | 10.99% |
| 37-72 Months | 11.99% |
| Any Term | Prime plus 5.1% |
| Type | APR |
| Line of Credit | 13.60% |
| Type | APR |
| VISA Gold | 8.99% |
| VISA Classic | 11.99% |
| If an account is delinquent two times in a six month period, the rate will default to 11.99% for VISA Gold or 14.99% for VISA Classic |
| Type | APR |
| Federal Stafford Loan | 6.00% |
| Federal PLUS Loan | 8.50% |
| Refer to Student Loan Link for additional Student Loan Information, student and parent loan applications, and student loan consolidation information. |
| Term | APR |
| Up To 96 months | 6.00% |
| Available for full-time or part-time course work. | Fixed Rate |
The rate a member pays on a loan is determined by their credit history. Members with high credit ratings receive Our Best Rates, some of the best offered by any lender. Members with credit history problems receive rates consistent with their credit history. In most cases these rates will still be much lower than those available from other lenders.
The rate charged on each category of loans is determined by risk. Secured loans are least risky and have lower rates. Unsecured loans are more risky and have higher rates.
New Car rate includes the 2008-2009 model year vehicles, used cars valued at $15,000 or more, Enterprise cars and lease buyouts.
Used Car rate includes 1999-2007 model year vehicles.
Other secured rate includes boats, motorcycles, recreational vehicles and other items.
If you have questions about our loans, please call us at (585) 247-1090 . We will be happy to help.
Kelley Blue Book
If you would like to view Kelley Blue Book values for new and used cars, click the image below.
Enterprise Car Sales
If you would like to view the cars currently available through Enterprise Car Sales, click the image below.
Imagine... A Car Buying Experience That's Good For You!
There's nothing else like it in Rochester. It's not a limited time sale. There are no gimmicks. It's all about Member Service. To see inventory of local Enterprise dealers, click on the banner above.
Enterprise Car Sales and Gates Chili Federal Credit Union have teamed up to offer you four great reasons to purchase your next car from us:
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* Certain restrictions apply - contact Enterprise for details. |
VISA Products
To qualify for a VISA Gold, you must have an "A" Credit Rating and at least $30,000 annual income.
| Transfer Balance Fee | Annual Membership Fee | Grace Period for Purchases Only | Method of Computing the Balance of Purchases | Fee for Cash Advance or Over the Limit | Return Payment Fee | Late Fee |
| None | None | 25 Days | Average Daily Balance Including New Purchases | None | $20 | $10 Posted 6 Days After the Statement Drop |
Debt Consolidation
Frequently, we help members to consolidate debt.
When this occurs, we work with the member to select the type of loan that is most beneficial.
The process is often complex. If you are interested in a debt consolidation loan, please call us for an appointment at 247-1090.
We will be glad to help.
Insurance Coverage
Our Payment Protection is low cost Life and Disability coverage that protects families in the event of a death or disability.
In the event of a death, Life Coverage will pay the insurable loan balance in full up to $55,000.
Disability coverage takes care of monthly payments starting 30 days after the last day of work on loan balances up to $30,000.
Both Life Coverage and Disability Coverage are available on most loans other than real estate.
Life Coverage is available on real estate loans.
It is easy to sign up for our Payment Protection Plan.
It protects the credit rating, protects the family, improves financial security, protects collateral, is affordable to buy, protects the level of income, and can bring peace of mind.
When you access our Loan Calculator the estimated cost of Payment Protection will be displayed.
Mortgage Loans
In an ongoing effort to satisfy our members' needs for mortgage products we have carved out an affiliate relationship with PHH Mortgage. PHH Mortgage is able to offer our members a wide array of residential mortgage products.
They specialize in Conventional, FHA, VA, New Construction and Rehab loans for purchases and refinances.
They offer many first time homebuyer programs, have no down payment programs available and have same day approval for qualified buyers.
They come highly recommended to us from other credit unions. Call PHH Mortgage 1-866-285-1118 option #2 for details.
Graduate Education Loans
When Federal Loans are not enough to cover the costs of your graduate eduction look to the credit union's Education Loan to pursue your dreams and complete your post graduate degrees.
The exciting advantages of this loan are:
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Privacy Policy | Billing Rights | Disclosures We operate in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act. Credit Union is not responsible for content or availability of linked sites. Your savings federally insured to $250,000. NCUA is a US government agency. Site developed and hosted by COCC. For questions concerning your account or a recent statement, contact the Credit Union. |