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Loan Rates

Lending is what ICCU has done best for more than half a century!  ICCU is a member-owned financial cooperative, meaning rates are consistently competitive and terms are comfortable. 

The loan interest rates listed below are expressed as an Annual Percentage Rate (APR).  Rates are subject to change without notice.  Where a rate range is indicated, the rate received is based on the applicant's credit score.  A higher APR or shorter term may apply if an applicant does not qualify.
 
Save Money:  Invest in a 10 minute conversation with an ICCU Financial Service Representative before you buy or finance any big ticket item.  In most cases, ICCU can help save you money. Call 989-773-5927 with your question. No question is too silly, and your credit union is here to help.   

Automobiles, Cars and Light Trucks
Effective Date: March 11, 2016
Loan TypeAmountTermAnnual Percentage Rate (APR)
New to 2006 Up to $23,000.00 Up to 66 months 2.59% to 14.20%
New to 2006 $23,000.00 and up Up to 72 months 3.29% to 14.85%
New to 2014 $25,000.00 and up 73 to 84 months 4.29% to 9.15%
100% financing available to qualified applicants. Rates based on credit score. A higher rate or shorter term may apply if applicant does not qualify.

Other Vehicle Loans
Effective Date: March 11, 2016
Loan DetailsTermAnnual Percentage Rate (APR)
2006 and older vehicles Up to 60 months 6.45% to 16.20%
90% financing available to qualified applicants. Terms over 60 months with Credit Committee approval. Rates are based on credit score. A higher rate or shorter term may apply if applicant does not qualify.

Street Motorcycles, ATVs, and Snowmobiles
Effective Date: January 28, 2016
Loan TypeAmountTermAnnual Percentage Rate(APR)
New to 2008 Up to $20,000.00 60 Months 3.59% to 15.49%
New to 2008 $20,000.00 and up 72 Months 4.39% to 16.39%
100% financing available to qualified applicants. Terms over 60 months with Credit Committee approval. Rate based on credit score. A higher APR or shorter term may apply if applicant does not qualify,

RVs, Campers, Travel Trailers, Boars, and Motorhomes
Effective Date: March 11, 2016
Loan TypeAmountTermAnnual Percentage Rate (APR)
New to 2008 Up to $7,000.00 36 Months 2.59% to 14.59%
New to 2008 $7,000 to $15,000.00 60 Months 2.59% to 14.59%
New to 2008 $12,000.00 to $15,000.00 72 Months 3.39% to 15.39%
New to 2008 $15,000.00 and up 84 Months 4.39% to 16.39%
New to 2008 $15,000.00 and up 120 Months | 7-year Balloon 4.39% to 16.39%
New to 2008 $75,000.00 and up 180 Months | 7-year Balloon 4.39% to 16.39%
100% financing available to qualified applicants. Terms over 60 months with Credit Committee approval. Rates based on credit score. A higher rate or shorter term may apply if applicant does not qualify.

Signature Loans
Effective Date: March 11, 2016
TermAmountAnnual Percentage Rate (APR)
12 Months up to $1,000.00 8.50% to 22.50%
Minimum Payment is $50.00
24 Months $1,001.00 to $3,000.00 8.50% to 22.50%
Minimum Payment is $75.00
36 Months $3,001.00 to $5,000.00 8.50% to 22.50%
Minimum Payment is $100.00
48 Months $5,001.00 to $7,500.00 8.50% to 22.50%
Minimum Payment is $125.00
60 Months $7,501.00 and up 8.50% to 22.50%
Minimum Payment is $150.00
Minimum payment is based on loan term. Rates based on credit score. A higher rate or shorter term may apply if applicant does not qualify.

Miscellaneous & Savings Secured Loans
Effective Date: March 11, 2016
Loan Type/DetailsAnnual Percentage Rate (APR)
Easy Access Line of Credit 11.50%APR
Share/Money Market Secured Loans

Prime Rate (3.50%APR) with floor of 5.00% APR
Certificate of Deposit Secured Loans 1.00% above Certificate of Deposit rate. Minimum 5.00% APR - 60 month maximum term.