On This Page: LendingRates DepositRates

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Lending Rates

All loans/rates listed above will be within the range of rates stated and may vary according to your credit history/term/down payment/loan amount and value of collateral. Rates are subject to change without daily notice. For variable rate accounts (Home Equity Line of Credit), the rate may change after the account is opened. Risk based pricing may apply. **Home Equity Line of Credit (HELOC) Loans have a maximum term of 240 months and a varible rate feature. We start with an independent index, which is the Wall Street Journal Prime Rate, which is available to us 10 days prior to the date of any annual percentage rate adjustment. To determine the periodic rate, we add a margin to the value of the index, rounded up to the nearest quarter. The rate can change quarterly on the first day of January, April, July, and October. There is no limit on the amount the rate can change during any one year period. Under no circumstances will your rate be below 5.00% or be higher than a rate of 12%. First advance minimum must be $5000, and any subsequent advance must be over $1000. Call the loan department for any further questions you may have in regard to our HELOC product. Related Fees: Late payment fee of $20.00. Home Equity loans under $10,000 will have fees ranging from $150.00 to $400.00, based on loan amount. Loans over $10,000, Redbrand Credit Union will incurr fees at time of closing. All member paid fees will be charged at our direct cost and disclosed prior to disbursement of loan. Any fees incurred by Redbrand Credit Union on the processing of a Home Equity loan, which pays off within three years of the date of disbursement, will be charged back to the applicant at the time of payoff.

Deposit Rates