Rates

Rates

Loans:

New Auto Rates
12-60 mo.
4.99%– 101%-125% financed, GAP insurance must be purchased
3.99%–91%-100% financed, GAP insurance must be purchased
2.99%– 90% and under financed, no purchase of GAP necessary

61-84 months*
5.99%– 101%-125% financed, GAP insurance must be purchased
4.99%–91%-100% financed, GAP insurance must be purchased
3.99%– 90% and under financed, no purchase of GAP necessary

 

If you have purchased a new auto with another financial institution and not more than 90 days have passed you will be entitled to refinance that new auto with the credit union’s new auto rate.

Used Auto Rates
12-60 months
6.99%–101%-125% financed, GAP insurance must be purchased
5.99%–91%-100% financed, GAP insurance must be purchased
4.99%– 90% and under financed, no purchase of GAP necessary

61-84 months*
7.99%– 101%-125% financed, GAP insurance must be purchased
6.99%–91%-100% financed, GAP insurance must be purchased
5.99%– 90% and under financed, no purchase of GAP necessary

Used auto loan value is based on NADA Retail value (up to 8 years old).
Autos over 5 years may only be financed for a 48 month term.
GAP insurance must be purchased if over 90% of the car value is financed.
GAP insurance is $350.00

*72 month term only for loans over $17,000.00
*84 month term only for loans over $35,000.00

Auto Rates are also good for purchase of New Trailers, New Recreational Vehicles and New Motorcycles that can be titled. They must be new and must have a title.

This offer does not apply to loans already financed with the Credit Union

Unsecured Personal Loans
Maximum $15,000.00

Term

A – Credit score over 750*
B – Credit score 650-750*
C – Credit score below 650*

Term      A –    B –      C
1 Year       7% –  8% –    9%
2 Year      8% –  9% –   10%
3 Year      9% –  10% –  11%
4 Year     10% – 11% –  12%
5 Year** 12% – 13% –  14%
There is a $10 application fee for this loan.

* The HMC (NJ) Federal Credit Union uses Trans Union Credit Agency to retrieve all Credit Scores and Reports
**5 year terms are only for loans over $5,000.

The $1,000.00 Anytime Loan has no credit check.
Maximum amount $1000.00
Maximum term 12 months with 18% APR. Loan must be paid through payroll deduction.
Payments will be a minimum of $50.00 per pay.
Only ONE No Document Loan is allowed at a time.
Other Anytime Loans must be paid in full before another Anytime loan will be approved.
Applicants must show proof of income for at least 12 months and an HMC Federal Credit Union Member for at least 12 months. Application must be filled out in its entirety. Paystub and approval to check employment length with HR are the only documentation needed.
There is a $25 application fee for this loan.

Dividends:

Savings: Dividend Rates for Share Savings, Christmas Clubs, Vacation Clubs and Special Savings Clubs:
$.01 – $10,000.00 .05%
$10,000.01 – $40,000.00 .10%
$40,000.01 – $99,999.99+ .15%
Checking: Dividend Rates for Draft Accounts
Over $1,000.00 .005%
Dividend Rates are Reviewed and Posted on a Quarterly Basis