Gates Chili Federal Credit Union

Loans

Loan Rates
Loan rates effective as of September 8, 2010
Rates are subject to change and are dependent on credit rating

Vehicle Loans (Purchases and refinances)	APR
New Vehicle (2009 to 2010) The following vehicles also qualify for the new car rate: used cars valued at $15,000 or more, used vehicles purchased from Enterprise Car Sales and lease buyouts.	4.45% to 10.45%
Used Vehicle Loan (2000 to 2008)	5.45% to 11.45%

Terms up to 72 months are available. Terms between 73 and 120 months are also available but require a 20% downpayment.

The rates and loan terms are determined based on applicant's past credit history and current credit score and financing options. Financing available to qualified borrowers. Terms and conditions subject to credit union approval.

New Other Secured	APR
Up to 36 mo.	6.45%
37-72 mo.	7.45%
Any Term	Prime plus 2.75%

Other secured rate includes boats, motorcycles, recreational vehicles and other items.

Used Other Secured	APR
Up To 36 Months	7.45%
37-72 Months	8.45%
Any Term	Prime plus 3.75%

Other secured rate includes boats, motorcycles, recreational vehicles and other items.

Share Secured	Fixed APR	Variable APR
Share	4.45%	Prime + 1.75%

Signature	APR
Up To 36 Months	10.45%
37-72 Months	11.45%
Any Term	Prime plus 8.5%

Overdraft Protection	APR
Line of Credit	13.60%

VISA Credit Cards	APR
VISA Gold	8.99%
VISA Classic	11.99%

Graduate Education Loan	APR
Up To 96 months	6.00%
Available for full-time or part-time course work.	Fixed Rate

Real Estate Loans	APR
Home Equity Loans (fixed rate)	Range between 4.50% - 6.50%
Home Equity Line of Credit - Introductory rate	2.25% APR*
* The introductory APR is fixed until June 30,2011. Thereafter, the contract rate is based on the Prime Rate plus your contract margin and may vary monthly but never exceed 18%. May be subject to a 2% maximum annual adjustment, up or down, in a 12-month period.

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.

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:

Reason
#1

Great Selection
Enterprise has hundreds of one and two year old vehicles in a variety of makes, models, colors and equipment.
All of them must pass a lengthy inspection before being Enterprise-Certified.

Reason
#2

Competitive Pricing
We believe a fair price is something that shouldn't involve endless negotiation. That's why we offer haggle-free buying.
Plus, we're always ready and willing when it comes to trade-ins.

Reason
#3

Outstanding Assurances
We want to be sure you're happy so we give you up to seven days or 1,000 miles to change your mind. Then, in the unlikely event you do, we'll repurchase your vehicle for what you paid, minus a cleaning and documentation fee - no questions asked!*

Reason
#4

Limited Warranty
We're so confident in the cars we sell, we back them up with a 12 month/12,000-mile limited warranty. It's free!

* Certain restrictions apply - contact Enterprise for details.

VISA Products

The Gates Chili Federal Credit Union offers its members two credit card options, the Visa Gold and Visa Classic. Information on each card is listed below.

Visa Classic® Credit Card

Visa Gold® Credit Card

Standard APR:
11.99% fixed APR

8.99% fixed APR

Penalty APR:
Same as standard APR

Same as standard APR

Annual Membership fee:
None

None

Balance Transfer Fee:
None

None

Balance Transfer APR:
Same as standard APR

Same as standard APR

Cash Advance Fee:
None

None

Cash Advance APR:
Same as standard APR

Same as standard APR

Over-the-Limit Fee:
None

None

Minimum Finance Charge:
None

None

Returned Payment Fee
$20.00

$20.00

Late Payment Fee:
$10 posted 6 days after the statement drop.

$10 posted 6 days after the statement drop.

Credit Limits:
$100 to $10,000 for qualified borrowers

$5,000 to $30,000 for highly qualified borrowers

Qualifications:
Credit score and credit history

"A" credit rating. Minimum $30,000 annual income

Additional Benefits:

Up to 1% cash back, credited annually

Online Account Management

EZCardInfo provides immediate online access to your account, giving you a snapshot of your account balance, available credit, payment information, transaction details and more! You can even set alerts that notify you by e-mail or text if you're close to your limit or when a statement is ready.

	Visa Classic® Credit Card	Visa Gold® Credit Card
Standard APR:	11.99% fixed APR	8.99% fixed APR
Penalty APR:	Same as standard APR	Same as standard APR
Annual Membership fee:	None	None
Balance Transfer Fee:	None	None
Balance Transfer APR:	Same as standard APR	Same as standard APR
Cash Advance Fee:	None	None
Cash Advance APR:	Same as standard APR	Same as standard APR
Over-the-Limit Fee:	None	None
Minimum Finance Charge:	None	None
Returned Payment Fee	$20.00	$20.00
Late Payment Fee:	$10 posted 6 days after the statement drop.	$10 posted 6 days after the statement drop.
Credit Limits:	$100 to $10,000 for qualified borrowers	$5,000 to $30,000 for highly qualified borrowers
Qualifications:	Credit score and credit history	"A" credit rating. Minimum $30,000 annual income
Additional Benefits:		Up to 1% cash back, credited annually

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:

You may finance up to 100% of total college costs including tuition, room and board, books and all other education costs
Benefit from a competitive fixed low rate
Discount the rate when you establish payroll direct deposit with the credit union
Discount the rate further when you establish automatic payment of the loan
Enjoy low monthly payments with flexible terms up to 96 months
There are no pre-payment penalties
Take advantage of low-cost credit life and credit disability insurance to provide peace of mind should something unexpected happen in your life
Interest paid on education purpose loans may be tax deductible. Consult your tax advisor for additional information.
Funds are available for part-time or full-time course work
You may borrow each semester
Easy online application via our website

Refer to a non-secure document for the following information:
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We operate in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.
Your savings federally insured to $250,000. NCUA is a US government agency.
For questions concerning your account or a recent statement, contact the Credit Union.