Altamaha Federal Credit Union

These are the standard rates in effect as of May 1, 2008.
Your rate may vary upward or downward due to your credit score. Contact a loan officer for complete details.
Rates are subject to change without notice.

Loan Type/
Approximate Term

Daily Periodoc Rate

Annual Percentage Rate *

Automobile (New & Used)

36 MONTH

48 MONTH

60 MONTH

72 MONTH (new only)

84 MONTH (new only)

0.012740% - 0.038767%

0.014110% - 0.040137%

0.016164% - 0.041507%

0.016850% - 0.042877%

0.018219% - 0.044247%

4.65% - 14.15%

5.15% - 14.65%

5.90% - 15.15%

6.15% - 15.65%

6.65% - 16.15%

Boats, Motors, Trailers (New)

60 MONTH

48 MONTH

0.021918% - 0.044521%

0.020548% - 0.043151%

8.00% - 16.25%

7.50% - 15.75%

Boats, Motors, Trailers (Used)

48 MONTH

36 MONTH

0.024657% - 0.047260%

0.023288% - 0.045890%

9.00% - 17.25%

8.50% - 16.75%

Recreational Vehicles (New)

60 MONTH

96 MONTH

120 MONTH

0.017808% - 0.041781%

0.019178% - 0.043151%

0.021918% - 0.045890%

6.50% - 15.25%

7.00% - 15.75%

8.00% - 16.75%

Recreational Vehicles (Used)

60 MONTH

96 MONTH

120 MONTH

0.021918% - 0.045890%

8.00% - 16.75%

8.50% - 17.25%

9.50% - 18.00%

All Terrain Vehicles (New & Used)

48 MONTH

0.017808% - 0.039041%

6.50% - 14.25%

Motorcycles (New & used), JetSkis (New) & Tractors (New & used)

48 MONTH

0.017808% - 0.039041%

6.50% - 15.25%

Motorcycles (New

72 MONTH

0.021918% - 0.045890%

8.00% - 16.75%

Personal Loan

36 MONTH

0.026712% - 0.049315%

9.75% - 18.00%

Line of Credit

36 MONTH

0.026712% - 0.049315%

9.75% - 18.00%

Home Equity Line of Credit

1. Variable Rate 15 YEARS

2. 80% of the equity after the first mortgage is subtracted

3. Prime rate plus 2.50% per Wall Street Journal - Can never go lower than 5.75%

Home Equity Line 99 (Fixed Rate)

36 MONTH - Fixed Rate - 6.00%

60 MONTH - Fixed Rate - 8.00%

84 MONTH - Fixed Rate - 8.25%

These are not based on prime rate - 95% of appraisal or tax assessment.

First Mortgage (Prin. Dwell.)

15 YEARS - Fixed Rate - 7.50%

10 YEARS - Fixed Rate - 7.25%

20 YEARS - Fixed Rate - 7.75%

80% of appraisal

First Mortgage - Variable Rate

1. 25 YEARS - Variable Rate

2. Prime rate plus 2.50% per Wall Street Journal

First Mortgage - (Rental)

1. 12 YEARS - Prime rate plus 2.50% per Wall Street Journal

80% of appraisal

New Mobile Homes (W/O Land)

1. Up to 15 YEARS - 10.00%

80% of factory list price

New Mobile Homes (W/Land)

1. Up to 15 YEARS - 9.00%

80% of the appraised value of the new mobile home & land

Land

1. Up to 12 YEARS - Fixed Rate

2. Prime rate plus 1.25% per Wall Street Journal

80% of appraisal

Used Mobile Homes (W/Land)

1. Up to 15 YEARS

2. 80% of the appraisal or sales price, whichever is less.

3. 8.75% Fixed Rate

SHARE SECURED: The Annual Percentage Rate (APR) for share secured advances will be the dividend rate being paid on regular shares plus 2.00%. If there is an existing balance on the date of the new advance, the existing balance will be added to the new advance and the entire balance will be added to the new advance and the entire balance will be at the new APR. This is a fixed loan rate.

CERTIFICATE SECURED: The Annual Percentage Rate (APR) will be the dividend rate being paid on the Certificate offered as security(index) plus 2.00%. The Certificate must be renewed until the advance is completely paid. Failure to renew will result in default under the plan. This is a fixed rate loan.

LATE CHARGE: In the event any installment is not paid within 7 days of the due date thereof, a late charge of 20% of the interest due with a minimum of not less than $.05 will be charged.

COLLECTION COSTS: You agree to pay all costs of collecting the amount you owe under this agreement including Court costs and reasonable attorney fees not in excess of 15% of the unpaid debt.

MINIMUM PAYMENT: The minimum monthly payment is based upon the outstanding balance as of the most recent advance based on the estimated term and the Annual Percentage Rate in effect on the date the advance is made. The payment, once determined, does not change as the outstanding balance declines. If the outstanding balance is less than the stated payment, then the monthly payment is the amount of the outstanding balance plus interest accrued to date.

*The ANNUAL PERCENTAGE RATE you receive for the above subaccounts will be within the range disclosed above and is based on certain creditworthiness criteria. Ask the credit union for the rate you qualify for.