Parish Members Credit Union

Loan Rates

Any member of Parish Members Credit Union is eligible to apply for credit, provided the member is of legal age to enter into a binding contract and the member has not caused a loss to the credit union. Credit requests will be accepted in writing or a completed application. A copy of the application is provided for your convenience.

Rates are effective March 9, 2011 and are subject to change.

Loan Type	Term	APR (Cash Pay)	APR (Direct Deposit or Payroll Deduction)
New Vehicles 2011 and 2012 Model Years	Up to 60 months	2.50%	2.25%
Used Vehicle 2009 thru used 2011 Model Years	Up to 60 months	3.40%	3.15%
Used Vehicle 2005-2008 Model Years	Up to 60 months	4.90%	4.65%
Used Vehicle 2004 and older Model Years	Up to 60 months	5.90%	5.65%
Unsecured Personal Loans	Up to 12 months.	4.50%	4.50%
	Up to 24 months.	6.50%	6.50%
	Up to 36 months.	8.50%	8.50%
Shared Secured Personal Loans	1.50%
Credit Card Interest Rate	10.00%

Repayment Example – A 60 month new vehicle loan for $20,000 with a 2.50% APR would result in 60 payments of $3.54.94.