June 15, 2024
 

Effective Date: 02-01-2024


Credit Score Tier Ratings LTV vehicle guidelines
700+ A 110% including GAP
699 - 660 B 110% including GAP
659 - 620 C 100% including GAP
619 - 600 D 100% including GAP
599 and below F 100% including GAP


Auto/Truck/Van/Motorcycle (New)

Year & Term Tier A Tier B Tier C Tier D Tier F
2023 to 2024 - 66 month term 5.00% 5.75% 7.00% 10.00% 12.00%
72 month term** 5.25% 6.00%
84 month term*** 6.75% 6.50%

**minimum of $15,000.00. New non-titled vehicles up to, but not to exceed 100% MSRP
***minimum $30,000.00


Auto/Truck/Van/Motorcycle (Used)

Year & Term Tier A Tier B Tier C Tier D Tier F
2019 to 2022 - 66 month term 6.00% 6.75% 8.00% 11.00% 13.00%
2019 to 2022 - 72 month term 6.25% 7.00% 8.25% 11.25% 13.25%
2015 to 2018 - 66 month term 6.50% 7.25% 8.50% 11.50% 13.50%
2015 to 2018 - 72 month term 6.75% 7.50% 8.75% 11.75% 13.75%
2013 to 2014 - 60 month term 7.75% 8.50% 9.75% 12.75% 14.75%
2006 to 2012 - 48 month term 8.75% 9.50% 10.75% 13.75% 15.75%

A, B & C paper = Clean Retail Loan Value
D & Below = Clean Trade In Value
2017 and newer vehicles with over 90,000 miles will have 1 % rate increase
Older Models refer to Unsecured Rates for the rate only


Boats and Personal Watercraft/RV's/Campers

Year & Term Tier A Tier B Tier C Tier D Tier F
2022 - Newer (never been titled)
72 month term* 7.50% 8.25% 9.50% 12.50% 14.50%
84 month term* 8.50% 9.25% 10.50% 13.50% 15.50%
120 month term** 9.50% 10.25% 11.50% 14.50% 16.50%
Used (2006-2021) 60 month term 9.75% 10.50% 11.75% 14.75% 16.75%

*Minimum $30,000.00.
**Minimum $40,000.00.


ATV

Year & Term Tier A Tier B Tier C Tier D Tier F
New (2022-2024) (60 mo) 10.00% 10.75% 12.00% 15.00% 17.00%
Used (2010-2021) (36 mo) 11.00% 11.75% 13.00% 16.00% 18.00%

Share/Certificate Secured

Term Annual Percentage Rate
Up to 72 months but not to exceed term of certificate 3.00% above dividend rate

Secured Other (UCC-1) & Off Road Vehicles

Term Annual Percentage Rate
Up to 60 months 10.00%

Unsecured

Term & Limit Unsecured Debt to Income Rate
Tier A (Score 730+) = $10,000 48 months 10% or Less 13.00%
Tier A = $8,000 48 months Above 10% 12.00%
Tier B = $ 7,000 36 months 10% or Less 12.75%
Tier C = $ 5,000 24 months 10% or Less 14.00%
Tier D = $ 2,000 12 months 10% or Less 17.00%
Tier F = $ 500 12 months Up to 15% 19.00%

NOTICE: Credit Union uses credit scoring to determine rate only! Rates & Terms subject to change without notice. All Rates are APR.


Jefferson Community Federal Credit Union
545 Ivy Tech Drive
PO Box 129
Madison, IN 47250
Phone: 812-265-3003
Toll Free: 1-800-453-8503
Fax: 812-273-2609



This credit union is federally insured
by the National Credit Union Administration.
NCUA
Equal Housing Lender

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