Consumer Loans
Home Equity Rates | Auto, Motorcycle, Boat, RV, ATV Loan Rates | VISA Rates | Other Loan Rates | Fee Schedule
Home Equity Rates

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Convertible Home Equity
Lines of Credit (Variable Rates) |
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|
| Loan Type |
Amount Loaned / Amount Financed |
APR |
80% Convertible
Home Equity Line of Credit |
Minimum $5,000
80% of Assessed Value Less Any
Existing Mortgage |
4.00% Variable Rate
with Auto Pay1
4.00% Variable Rate without Auto Pay |
90% Convertible
Home Equity Line of Credit |
Minimum $5,000
81-90% of Assessed Value Less Any
Existing Mortgage |
4.25% Variable Rate with Auto Pay1
4.50% Variable Rate without Auto Pay |
No Annual Fee, No Origination Fees. Title Report/Recording: $150,000 or less: $100; over $150,000: credit union pays first $250 of closing costs, which range from $0 to $1,500. $75 conversion fee (FINANCE CHARGE) to convert to or from a fixed rate loan. Waived for conversion loans taken when account established. Maximum APR = 18%. Property insurance required.
1Autopay from any Rivermark account.
4Convertible Home Equity Line Of Credit is subject to a Variable Rate which is based on the highest Prime Rate as published in the Money Rates Section of The Wall Street Journal on the last business day of each month (Index) plus a margin. The Index plus the Margin equals the Interest Rate. Changes in the Index will cause changes in the Interest Rate on the first day of each billing cycle. The Interest Rate will never be less than 4.00% or greater than 18.00%.
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| effective 3/01/10 |
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Once you have established your Convertible Home Equity Line of Credit you can borrow as often as you like, up to your approved limit. As you pay down the balance, the money becomes available again. If you prefer a fixed rate and payment, you may convert a portion of your credit line balance into a fixed loan, without reapplying.
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Convertible Home Equity Loans (Fixed Rates) |
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|
| Loan Type |
Amount Loaned / Amount Financed |
Repayment Period |
APR |
80% Convertible
Home Equity Loan |
Minimum $5,000
Up to 80% of Assessed Value
Less Any Existing Mortgage |
7 Years |
5.24% Fixed Rate with Auto Pay1
5.49% Fixed Rate without Auto Pay |
| 15 Years |
6.49% Fixed Rate with Auto Pay1
6.74% Fixed Rate without Auto Pay |
| 20 Years |
6.49% Fixed Rate with Auto Pay1
6.74% Fixed Rate without Auto Pay |
90% Convertible
Home Equity Loan |
Minimum $5,000
81-90% of Assessed Value
Less Any Existing Mortgage |
7 Years |
6.24% Fixed Rate with Auto Pay1
6.49% Fixed Rate without Auto Pay |
| 15 Years |
7.49% Fixed Rate with Auto Pay1
7.74% Fixed Rate without Auto Pay |
| 20 Years |
7.49% Fixed Rate with Auto Pay1
7.74% Fixed Rate without Auto Pay |
| Fixed Annual Percentage Rates effective as of February 1, 2009 are subject to credit and collateral approval and may require use of auto-transfer payment option. Closing costs range from $0 to $1,500, including required property appraisal. $75 Conversion Fee (FINANCE CHARGE) applies when converting to or from a fixed rate loan, and is waived if conversion option taken when loan account is established. Maximum APR = 18%. Property insurance required. 1Autopay from any Rivermark account. |
| effective 3/01/10 |
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Auto, Motorcycle, Boat, RV, ATV Loan Rates
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New and Used Autos, Motorcycles, RVs, Boats, ATVs |
|
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|
| Loan Type |
Amount Loaned /
Amount Financed |
Maximum Repayment Period* |
Fees |
APR |
New Auto, Van, Pickup, SUV
(Includes Tax & License)
2009 and Newer |
Up to 100% Financing |
60 Months |
No Fees |
3.99%-17.24% T/F
|
| 72 Months |
No Fees |
4.24%-17.74% T/F
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| 84 Months |
No Fees |
4.74%-8.49% T/F
|
| New Motorcycle - 2009 and Newer |
Up to 90% of Purchase Price, MSRP or High NADA, whichever is less |
60 Months |
No Fees |
3.99%-17.24%
T/F |
Used Auto, Van, Pickup, SUV
2003-2008 |
Lesser of Kelley Retail or Purchase Price |
60 Months |
No Fees |
4.24%-17.49%
T/F
|
| 72 Months |
No Fees |
4.49%-8.49%
T/F
|
Used Auto, Van, Pickup, SUV
1998-2002 |
Lesser of Kelley Retail or Purchase Price |
60 Months |
No Fees |
7.40%-16.40%
T/F |
Used Motorcycle
2003-2008
|
Up to 90% High NADA or Purchase Price, whichever is less |
60 Months |
No Fees |
4.24%-17.49%
T/F
|
Used Motorcycle
1998-2002
|
Up to 90% High NADA or Purchase Price, whichever is less |
48 Months |
No Fees |
7.40%-16.40%
T/F |
*New Recreational Vehicle / Boat / Personal Watercraft / Snowmobiles / ATVs
(Includes Tax & License)
2009 and Newer |
Up to 80% of Purchase Price
(Minimum $20,000 for RVs/Boats over 84 months) |
85-180 months
Up to 84 months |
No Fees |
6.75%V*
7.75%F* |
Used Recreational Vehicle / Boat / Personal Watercraft / Snowmobiles / ATVs
(Includes Tax & License)
1998-2008 |
Up to 80% of Kelley Retail (RVs) / High NADA (Boats) or Purchase Price, whichever is less. (Minimum $20,000 for RVs/Boats over 84 months) |
85-180 Months
Up to 84 Months |
No Fees |
7.25%V*
8.25%F* |
| F Fixed Rates - V Variable Rates - T Tiered Rates. Tiered rates based on credit qualifications and use of auto-transfer payment option from a Rivermark checking account or direct deposit to a Rivermark checking account. *Depends on purchase price / value / downpayment / amount financed. Additional 0.25% rate discount on all Hybrid vehicles. |
| effective 3/10/10 |
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VISA Rates
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VISA |
|
 |
|
| Card Type |
Credit Limit |
Grace Period for Purchases |
Fees |
APR* |
| Platinum Rewards |
$5,000 or more |
25 days |
No Annual Fee |
9.90% Rate |
Classic
|
Up to $2,499 |
25 days |
No Annual Fee |
17.90% Rate |
Gold
|
$2,500 - $4,999 |
25 days |
No Annual Fee |
12.90% Rate |
| effective 3/01/10 See: Terms and Conditions |
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Consumer Loan Rates
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Consumer Loans |
|
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|
| Loan type |
Amount Loaned /
Amount Financed |
Maximum Repayment Period |
Fees |
APR |
| Personal Line of Credit |
$500 - $30,000 |
Revolving |
No Fees |
7.50%-16.50% T/V |
| PayDay Advance Loan |
Up to 20% of gross monthly income, minimum $50, maximum $500 |
Single payment based on pay period: monthly pay period: date of next paycheck; semi-monthly pay period: date of second paycheck; weekly pay period: date of fourth paycheck |
$15 Application Fee |
25.00% F |
| Personal Loan |
$500 - $30,000 |
60 Months |
No Fees |
8.25%-17.25% T/F |
| Share Secured |
Amount on Deposit |
60 Months |
No Fees |
Rate + 4.00% V |
| Certificate Secured |
Amount on Deposit |
60 Months |
No Fees |
Rate + 2.00% V |
| F Fixed Rates - V Variable Rates - T Tiered Rates. Tiered rates based on credit qualifications. |
| effective 3/01/10 |
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Consumer Loans |
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