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LOANS

New Vehicles - Used Vehicles - 2nd Mortgages
Signature/Unsecured - Share Secured - Motorcycles - Boats Recreational Vehicles - Campers - Motor Homes
1st Mortgages done by Premier Lending Alliance

Credit Life Insurance

If you pass away and your claim is payable, your eligible loan balance is reduced or paid off

Disability Insurance

If you are disabled due to injury or sickness, after 30 days your loan payments will be paid until you are no longer disabled, your loan is paid off , or you reach the policy maximum.

GAP (Gauranteed Asset Protection) Insurance

If your vehicle is stolen, accidently damaged beyond repair, or declared a total loss, GAP will pay the potentially high-cost difference between your insurance settlement and your loan balance. GAP will also give you $1000.00 towards the down payment of your replacement vehicle when you finance the replacement vehicle with Midwest Community Credit Union
within 60 days.

MRI (Mechanical Repair Insurance)

MRI pays for covered repairs(cost of parts and labor) on your vehicle during the life of your loan. MRI also includes 24 hour roadside assistance and more.

Loan Rates

Effective February 2016
New & Used Cars, Motorcycles, & Boats (Based on Blue Book Values)
  2018 (new, never titled) 3.49% APR 60 months
    4.50% APR 72 months  
  2015 - 2017 3.99%APR 60 months*  
  2011 - 2014 4.50% APR 48 months*  
  2008 - 2010 6.00% APR 36 months*  
  2007 or older 9.25% APR 24 months*  
 Vehicles,motorcycles and boats, the term of the loan may be increased by adding 1% to the APR* for every 6 months. Max of 12 months. Max of 72 months.
 
Motor Homes
 
  New - 2016 5.99% APR 60 months  
  Used 6.99% APR 36 months  
         
     
 
Campers
 
  New 5.99% APR    
  Used 6.99% APR    
     
 
Other Recreational Vehicles (ATV's, Snowmobiles, Waver runners, Jet Skies)
 
  New 5.99% APR 36 months  
  Used 6.99%APR 24 months  
  top
 

2nd Mortgage
  3.49% APR up to 15 years  
   can borrow up to 80% of the assessed
value of the home.
 

Signature Loans
  9.99% APR  36 months $20,000.00 max (based on 10% of annual gross income)  

Share Secured
  share rate + 3%APR  

Certificate Secured
  3% APR above the rate of certificate is used as collateral. Rate is charged for length of loan regardless of renewal rate on CD.  
 **APR  = Annual Percentage Rate

Student Loans
We work with Iowa Student Loan to offer supplemental private loans to help you pay for college as well as refinance existing student loan debt. As an Iowa non-profit and the state’s student loan experts, Iowa Student Loan offers competitively priced loans.*

The Partnership Advance Education Loan (Partnership Loan) and College Family Loan were created to help you pay college costs while you are or your student is in school.

The Reset Refinance Loan can help you simplify repayment or pay lower interest costs on existing student loans after college.

 

With these loans, you know what you’re getting before you apply as all terms and conditions, including credit score requirements for specific rates, are provided upfront. In addition, there are no upfront origination fees and you can earn an interest rate reduction for making payments by auto-debit in repayment. Note: These loans are subject to credit approval.

Learn More and Apply

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