Interest Rates – Wichita Falls Teachers FCU

Your Credit Score will determine your Interest Rate. The APR listed below is the rate from A+ to E ratings.

Effective: October 1, 2019
Fixed Rates Approx. Term Daily Periodic Rate* Annual % Rate
New/Used Autos 24-60 months 1.027397% 3.75% – 13.00 %
61-72 months 1.164384% 4.25% – 13.50%
Used Autos 6 years & Older 24-60 months 1.301370% 4.75% – 14.00%
(2013 & older) 61-72 months 1.438356% 5.25% – 14.50%
Recreational Vehicles 48 months New/Used Risk-Based Pricing Guidelines
60 months New/Used Risk-Based Pricing Guidelines
Line of Credit 0.021918% 8.00% – 18.00%
Platinum Mastercard 0.021644% 7.90% -17.90%
Home Equity,               $5,000.00 min. 60 months 1.232877% 4.50% – 6.50%
120 months 1.369863% 5.00% – 7.00%
180 months 1.369863% 5.00% – 7.00%
New/Used Motorcycles 60 months Request rates from your loan officer.
72 months Request rates from your loan officer.
Signature 36 months 0.023973% 8.75% – 18.00%
Share Secured Loans 12 months 0.008219% 3.00%
24 months 0.008904% 3.25%
36 months 0.009589% 3.50%
48 months 0.010274% 3.75%
60 months 0.010959% 4.00%
Certificate Secure Loan 2% above Certificate rate rounded up to an even ¼ percent

 

Annual Percentage Rate: The annual percentage rate you receive for certain sub-accounts listed will be within the range disclosed and will be based on certain creditworthiness criteria.  Automatic transfer of payment and down payment discounts are available on certain sub-accounts.  Ask us the rate for which you qualify.* Daily Periodic Rate percentage pertains to the lowest APR figures in a range.

Late Charge: If you are 10 days or more past due on your loan, you will pay a late charge of 5% of your monthly payment, minimum $5.00.

Collection Cost: You promise to pay all costs of collecting the amount you owe under this agreement, including court costs and reasonable attorney fees.

 

Effective: October 1, 2019
Variable Rates Approx. Term % Above Index Daily Periodic Rate* Annual % Rate
New Autos 24-60 months 5.00% 0.019178% 7.00%
66-72 months(15% down) 5.00% 0.019178% 7.00%
New Autos (amount greater than $50,000.00) 84 months 5.00% 0.019178% 7.00%
Used Auto 2018, 2017 48 months 5.50% 0.020548% 7.50%
48 months (15% down) 5.00% 0.019178% 7.00%
60-72 months (15% down) 5.25% 0.0198630% 7.25%
Used Auto 2016, 2015 12-42 months 6.00% 0.0219178% 8.00%
12-42 months (15% down) 5.50% 0.0205479% 7.50%
Used Auto 2014 & Older 12-42 months 7.00% 0.0246575% 9.00%
12-42 months (15% down) 6.50% 0.0232877% 8.50%
New Recreational Vehicles 48-120 months Refer to risk-based pricing guidelines- same as new autos
Used Recreational Vehicles 48-72 months Refer to risk-based pricing guidelines- same as new autos

 

Secured Loans: The Annual Percentage Rate (APR) for new variable rate advantages and existing balances will change on the first day of each quarter to reflect any changes in the index and will be determined by taking the for week average of six-month Treasury Bills and rounding up to the nearest 1/4 of 1.00%, plus the applicable percentage rate shown above.  The APR will never be more than the maximum rate allowed by law, and never less than 5.00%.  Any increase in the APR will take the form of more payments of the same amount until what you owe has been repaid.

Certificate Secured: The Annual Percentage Rate (APR) will be 2.00% above the Certificate rate, rounded up to the nearest 1/4 of 1.00%.  When the Certificate is renewed, the APR on the loan must be changed to reflect the new Certificate rate.  If the Certificate is not renewed, the loan must be paid in full, or funds placed in shares and used as security on a share secured loan.

Minimum Payment: Your payment will never be less than $20.00 per month

Late Charges: If you are 10 days or more past due on your loan, you will pay a late charge of 5% of your monthly payment, minimum of $5.00.

Collection Costs: You promise to pay all costs of collecting the amount you owe under this agreement, including court costs and reasonable attorney fees.