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Consumer Loan Rates

Consumer Loan Rates

As of March 9, 2021
Graphic says "Ask us about our 1% Rate Match"Looking to refinance? We will match or beat your current rate by 1% when you refinance your auto loan with us. Apply now to get your Rate Match quote. Limited time offer. Certain conditions apply.***

Approximate Term Rates as low as*
12 - 36 months1 1.99% APR
37 - 60 months 2.95% APR
61 - 72 months 3.25% APR
Graphic says "Ask us about our 1% Rate Match"Looking to refinance? We will match or beat your current rate by 1% when you refinance your auto loan with us. Apply now to get your Rate Match quote. Limited time offer. Certain conditions apply.***

Approximate Term Rates as low as*
12 - 36 months1 1.99% APR
37 - 60 months 3.05% APR
61 - 72 months 3.35% APR
New Auto Approximate Term Rates as low as****
12 - 36 months 4.26% APR
37 - 60 months 4.76% APR

Pre-owned Auto Approximate Term Rates as low as****
12 - 36 months 4.69% APR
37 - 60 months 5.30% APR
Graphic says "Ask us about our 1% Rate Match"Looking to refinance? We will match or beat your current rate by 1% when you refinance your boat with us. Apply now to get your Rate Match quote. Limited time offer. Certain conditions apply.***

Approximate Term Rates as low as*
12 - 36 months2 4.40% APR
37 - 72 months 4.89% APR
73 - 84 months 5.55% APR


Approximate Term Rates as low as*
(For Boats over $50,000) 85 - 120 months3 6.89% APR

Graphic says "Ask us about our 1% Rate Match"Looking to refinance? We will match or beat your current rate by 1% when you refinance your RV, motorcycle or ATV with us. Apply now to get your Rate Match quote. Limited time offer. Certain conditions apply.***

Approximate Term Rates as low as*
12 - 36 months2
4.40% APR
37 - 72 months
4.89% APR
73 - 84 months
5.55% APR

In celebration of Member Choice Credit Union's 80th Anniversary, we are offering an additional automatic .80% Anniversary rate discount for current members on Unsecured Signature Loans. Limited time offer. Certain conditions apply.****
Loan Type Approximate Term Rates as low as
Line of Credit (Variable) N/A 6.99%
Unsecured / Signature**** 0 - 12 months  6.04%
Unsecured / Signature**** 13 - 24 months 7.04%
Unsecured / Signature**** 25 - 36 months 8.04%
Unsecured / Signature****
37 - 60 months 8.45%
Unsecured / Signature****
61 - 72 months 
(minimum loan amount is $35,000)
9.29%

As us about the HomePlus Personal Loan for Homeowners – a quick loan solution for $10,000 to $30,000 without adding a lien to your home.

Loan Type Approximate Term Rates as low as
Home Plus Personal Loan*****
37 - 60 months
($10,000 to $30,000)
5.75%

Type Term Rates as low as
Share Secured (Variable) Up to 120 months Regular Share plus 3.00%
CD Secured (Fixed) Term of CD CD rate plus 2.5%
Loan Type Approximate Term Rates as low as
Home Equity4 60 months - 240 months 4.405% APR
Home Improvement5 60 months - 240 months 4.405% APR

Payment Example: 5.500% - 180 months – $8.17 per thousand. Please contact a Mortgage Loan Officer at 281.754.1103 to discuss terms and conditions.
Credit Cards6 Interest Rates
0% introductory rate on purchases for first 6 months and on balance transfers for the first 12 months – valid for new card holders only.
After Introductory rate expires, rates between 6.75% - 18.00% APR
In celebration of Member Choice Credit Union's 80th Anniversary, we are offering an additional automatic .80% Anniversary rate discount for current members on Unsecured Seasonal Loans. Limited time offer. Certain conditions apply.****

Mortgage and Land Loans

Home Mortgage loans are available on residential primary residences and second/vacation properties and Investment properties located in Texas. Manufactured homes not allowed.

Rates are issued daily. Please Contact a Mortgage Loan Officer at 281.754.1103.

Current Mortgage Loan example for a $200,000 loan amount at 80% loan-to-value:

Mortgage Term Rates as low as
15 Year Fixed
2.750% interest rate / 2.954% APR
30 Year Fixed
3.250% interest rate / 3.364% APR


Jumbo Mortgage Loans are also available for homes of $548,251 or more (up to $1,000,000).

Current Jumbo Mortgage Loan example for a $700,000 loan amount at 80% loan-to-value:

Mortgage Term Rates as low as
15 Year Fixed
2.875% interest rate / 3.036% APR
30 Year Fixed
3.375% interest rate / 3.465% APR


Land loans are available on unimproved and rural residential properties located in Texas. Agricultural and farm & ranch loans are not allowed.  Our maximum loan-to-value is 90% with a 45% maximum DTI and a minimum 680 FICO. No history of bankruptcy or foreclosures. Full appraisals and title policies are required. 

Finance your hobby farm and ranch, or recreational hunting and fishing land in Texas with us (Maximum loan amount up to $500,000):

Term Rates as low as Estimated payment per $1,000 borrowed
5 Year Fixed
6.499% APR $19.22
10 Year Fixed 6.403% APR $11.10
15 Year Fixed 6.537% APR $8.57
30/15 Year Fixed Balloon 6.837% APR $6.40
 
 

Affordable Protection Products Available

Products
GAP (Guaranteed Asset Protection) (info)
Extended Warranty (info)
Multi-Shield Protection (info)
Debt Protection (info)
  • All Cause Life
  • All Cause Disability
  • Involuntary Unemployment & Family Medical Leave of Absence

Disclosures

APR = Annual Percentage Rate. Rates are subject to change without notice. Each application is evaluated on an individual basis. Loan advances are granted based upon the applicant(s) credit history, ability to repay, purpose, stability and collateral.  Loan advances are not granted based upon method of repayment.  On variable rate loans, the Annual Percentage Rate (APR) for new advances and existing balances is based on an index which is the highest Prime Rate as published in the Money Rates section of The Wall Street Journal on the 15th day of the month for the preceding three months and is subject to change monthly. The index figure is posted in the lobby of each credit union office. 
* Rates shown reflect available rate discounts. Members Choice members can get up to .30% in rate discounts: .10% for an automatic loan payment transfer from an MCCU checking account, .10% for checking account direct deposit at the time of funding, .10% for a new or increased Credit Card. 
** Rates shown reflect available rate discounts. Members Choice members can get up to .30% in rate discounts: .10% for an automatic loan payment transfer from an MCCU checking account, .10% for checking account direct deposit at the time of funding, .10% for a new or increased Credit Card. Must be a member or eligible for membership in order to qualify for and obtain a loan or discounts. Loan can fund new or used vehicles only and does not apply to boats, recreational vehicles or motorcycles. First Time Auto Buyers must be employed for a minimum of 12 months in a full or part time position. Payment may not exceed 20% of gross monthly income; proof of income required. Maximum loan to value (LTV) 90% of retail, with a minimum of tax, title and license cash down payment; not to exceed $30,000. Proof of insurance required at time of purchase. Terms up to 60 months including coverage benefits that include GAP, multi-shield and warranties. First payment required after 60 days. First time auto buyer loans are not eligible for our rate match program.
*** MCCU "Match A Rate" Program - Members Choice will match and beat a member's current auto, boat, RV, motorcycle or ATV rate by 1%, not exceeding our lowest rate as published on the current loan rate sheet. Proof of current rate is required. Forms of proof include but not limited to: Online banking screen print, purchase agreement, statements any other methods for documentation purposes. No other discounts will apply. First time auto buyers program is not eligible. Not eligible for purchases. Limited time offer.
**** Rates shown reflect available rate discounts. Members Choice members can get up to 1.10% in rate discounts: .80% MCCU 80th Anniversary Discount for being a current member (no prior relationship requirement), .10% for an automatic loan payment transfer from an MCCU checking account, .10% for checking account direct deposit at the time of funding, .10% for a new or increased Credit Card. Limited time offer. No other discounts will apply. Personal Lines and Credit and HomePlus Personal Loans are not eligible for the .80% anniversary discount.
***** Rates shown reflect available rate discounts. For homeowners. Certain tax benefits may not apply. You should consult your tax advisor for information regarding the deductibility of interest and charges. Members Choice members can get up to 1.50% in rate discounts: .75% for 15-year homeownership (.25% for every 5 years), .25% for a mortgage with MCCU, .25% for an auto loan with MCCU, .25% for an automatic loan payment transfer from an MCCU checking account.




(1) Annual Percentage Rate of 1.99% is for an approximate term of 12-36 months. Payment example: 12 monthly payments of $84.19 per $1,000 borrowed at 1.99%. Discounts have been applied to the rate of 1.99%. We offer other terms up to 84 months.
(2) Annual Percentage Rate of 4.40% is for an approximate term of 12-36 months. Payment example: 12 monthly payments of $85.33 per $1,000 borrowed at 4.40%. Discounts have been applied to the rate of 4.40%. We offer other terms up to 120 months.
(3) Annual Percentage Rate of 6.89% is for an approximate term of 12-36 months. Payment example: 12 monthly payments of $86.48 per $1,000 borrowed at 6.89%. Discounts have been applied to the rate of 6.89%. We offer other terms up to 84 months.
(4) Loan amounts $5,000 - $350,000. Maximum term is 20 years. Available for first or second lien position only. Third lien position not allowed. Available on residential primary residences, second/vacation properties, and investment properties located in Texas. Maximum combined loan to value on primary residences and second/vacation homes is 80%.  Maximum combined loan to value on investment properties is 75%.
(5) Loan amounts $5,000 - $350,000. Maximum term is 20 years. Available for first or second lien position only. Third lien position not allowed. Available on residential primary residences, second/vacation properties, and investment properties located in Texas.  Maximum combined loan to value on primary residences is 95%.  Maximum combined loan to value on second/vacation homes is 80%.  Maximum combined loan to value on investment properties is 75%.
(6) A balance transfer could take up to six weeks to appear on your new card, depending on your previous card issuer. Check your accounts to track progress, and make sure you continue to make at least the minimum payment on the card you transferred the balance from on time to avoid late fees. 3% Balance Transfer Fee.