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CENTURION FEDERAL CREDIT UNION
Interest Rate Addendum
Effective 01/01/08 Loan Liner Program
INSTRUCTIONS: This addendum is incorporated into
and becomes part of your LOANLINER Credit Agreement.
Please keep this attached
to your LOANLINER Credit Agreement.
The range of ANNUAL PERCENTAGE RATE for each loan type is
shown below. Your specific APR, and the amount and
due date of your payments, will be determined at the
time
of each advance and disclosed on your Advance Request
Voucher or Note and Disclosure Statement. Other charges that may be imposed
are also shown on this addendum
(late charges, filing fees, collection & other
costs).
Loan Type Maximum
Term ** ANNUAL PERCENTAGE RATE **
| |
T1 |
T2 |
T3 |
T4 |
T5 |
T6 |
T7 |
| Loan and MAX term |
715&> |
714-675 |
674-647 |
646-613 |
612-579 |
578-530 |
530&< |
| Share-sec/60mo |
6.50 |
6.50 |
6.50 |
6.50 |
6.50 |
6.50 |
6.50 |
| Share-sec/120 mo |
7.00 |
7.00 |
7.00 |
7.00 |
7.00 |
7.00 |
7.00 |
| Certificate-sec/CD Term |
2% above Cd's APY |
| Unsecured/60 mo |
9.50 |
11.25 |
12.25 |
13.85 |
14.95 |
16.00 |
17.25 |
| Line of Credit |
8.00 |
8.00 |
12.00 |
12.00 |
12.00 |
15.00 |
15.00 |
Certificate-secured loans are made at 2.0% over the APY we pay you on the
certificate securing the loan, with a term not to exceed the life of the
certificate (60 month maximum),
although such loans may be renewed, at the
then-appropriate loan rate, when and as the underlying certificate is renewed.
The following loans types will have fixed rates, and your
rate will be determined by your individual qualifications at the time of the
loan approval, and by the collateral used to
secure the loan. Ask if you are
unclear about the individual rate on your loan.
| New Autos:* |
T1 |
T2 |
T3 |
T4 |
T5 |
T6 |
T7 |
| 08-07/60 mo |
5.95 |
6.15 |
7.00 |
8.25 |
9.50 |
11.00 |
11.95 |
| 08-07/72 mo/>$25K |
6.15 |
6.40 |
7.25 |
9.25 |
10.50 |
12.00 |
13.45 |
| |
|
| Used Autos: |
T1 |
T2 |
T3 |
T4 |
T5 |
T6 |
T7 |
| 07-04/60 mo |
6.20 |
6.40 |
7.25 |
8.50 |
9.75 |
11.25 |
12.20 |
| 07-04/72 mo>$25K |
6.40 |
6.65 |
7.50 |
9.50 |
10.75 |
12.25 |
13.70 |
| 03-00/60 mo |
6.65 |
6.80 |
7.65 |
9.75 |
10.90 |
12.40 |
13.85 |
| 99-96/48 mo |
7.00 |
7.25 |
8.25 |
10.00 |
11.85 |
13.25 |
14.70 |
| 99-96/54 mo |
7.25 |
7.50 |
8.50 |
11.25 |
13.15 |
14.50 |
15.85 |
| 95 & >/42 mo |
7.50 |
7.75 |
9.00 |
11.75 |
14.00 |
15.25 |
16.70 |
*We may consider loans against trucks, cars and motorcycles 10 or more model
years old with an appropriate evaluation for our loan file.
*
New autos are considered never titled with less than 2,500 miles
| Motorcycle/ATV (New and Used) |
T1 |
T2 |
T3 |
T4 |
T5 |
T6 |
T7 |
| 08-02/48 mo |
6.55 |
7.55 |
8.75 |
11.35 |
12.60 |
13.95 |
15.15 |
| 08-02/60 mo/ >$10K |
6.75 |
7.70 |
9.50 |
11.85 |
13.00 |
14.25 |
15.70 |
| 01-98/48 mo |
6.75 |
8.00 |
9.75 |
11.90 |
13.05 |
14.50 |
15.70 |
| 97 & >/ 48 mo |
7.00 |
8.25 |
10.00 |
12.90 |
14.50 |
15.75 |
16.70 |

| Boats/RV/JetSki (New/Used) |
T1 |
T2 |
T3 |
T4 |
T5 |
T6 |
T7 |
| 08-02/48 mo |
6.75 |
7.55 |
8.95 |
11.85 |
13.10 |
14.50 |
15.95 |
| 08-02/60 mo />$10K |
7.00 |
7.75 |
9.75 |
12.60 |
13.85 |
15.25 |
16.70 |
| 01-98/48 mo |
7.25 |
8.00 |
9.95 |
12.00 |
13.25 |
14.50 |
16.20 |
| 97 & >/42 mo |
7.50 |
8.25 |
10.25 |
13.75 |
15.00 |
16.55 |
17.95 |
| |
| Jumbo: Boats, RVs (New/Used) |
T1 |
T2 |
T3 |
T4 |
T5 |
T6 |
T7 |
| New - <= 5 years old |
8.25 |
9.00 |
10.75 |
13.05 |
14.50 |
16.15 |
17.55 |
| 96 mo/ > $50K |
8.75 |
9.65 |
11.75 |
13.75 |
15.25 |
17.25 |
18.95 |
FILING FEES:
If the credit union takes a security interest in your property, you may be
charged a filing fee at the time of the loan advance. The amount of the filing
fee will be based upon the fee required by state law for the credit union to
obtain a lien on the collateral. The amount of the filing fee, if charged, will
be disclosed to you.
LATE CHARGES:
Centurion does not have a “grace period” for loan payments. If your
payment is ten (10) or more days late, you will be charged a late charge of $10.00 (on loans originating for less than $50,000); $35.00 (on loans
originating for $50,001 - $100,000); or $50.00 (if your loan originated for
greater than $100,000).
COLLECTION COSTS:
You agree to pay all costs of collecting the amount you owe under this
agreement, including court costs and reasonable attorney fees. Further rights
and responsibilities may be disclosed in the Loan Agreement or Advance Voucher
at the time of disbursement. Please read all disclosures and keep this Addendum
together with your other papers relating to this and other loans. This
Addendum, and the ranges of our interest rates, may change from time to time.
This Addendum, including any changes, is permanently posted on our office
bulletin boards
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