Back at the turn of the 20th century, people saved money to buy cars, homes and more. Now, we have the luxury of loans to get us what we need.
Reward Yourself with up to 0.45% off your Auto, Boat, Recreational Vehicle or Personal Loan
Choose from the options below and receive up to 0.45% off your loan rate. Rates quoted below do not include the 0.45% discount so your rate may be less. Please ask for the rate for which you qualify. Rates subject to increase with cancellation of any of the options below.
- Add Payment Protection to your loan - .25% rate reduction (maximum term 120 months)
- Set up an automatic payment transfer from your active MSCU checking account - .10% rate reduction
- Instant reduction if you have an active MSCU credit card - .10% rate reduction
Rates Effective as of January 1, 2020
New & Used - Automobiles*
| Loan Type | Term | Rate (APR) | Financing up to 100% - Purchase Price or NADA Retail (whichever is less) plus TT&L. |
|---|---|---|---|
| Year Models - 2012 and Newer | Up to 36 Months | 2.50% - 11.25% | |
| Year Models - 2013 and Newer | 37 - 48 Months | 2.75% - 11.75% | |
| Year Models - 2014 and Newer | 49 - 60 Months | 3.25% - 13.75% | $10,000 Minimum |
| Year Models - 2015 and Newer | 61 - 72 Months | 3.50% - 14.25% | $20,000 Minimum |
| Year Models - 2019 and Newer | 73 - 84 Months | 4.50%- 5.50% | $35,000 Minimum |
Motorcycles/4-Wheelers/Jet Skis/Boats/Recreational Vehicles
| Loan Type | Term | Rate (APR) | Financing up to 100% - Purchase Price or NADA Retail (whichever is less) plus TT&L. |
|---|---|---|---|
| Year Models - 2013 and Newer | Up to 48 Months | 4.50% - 6.00% | |
| Year Models - 2014 and Newer | 49 to 60 Months | 4.75% - 6.25% | $10,000 Minimum |
| Year Models - 2015 and Newer | 61 to 72 Months | 5.00% -6.50% | $20,000 Minimum |
| Year Models - 2015 and Newer | 73 to 84 Months* | 5.75% - 6.25% | LT Boats/RVs $35,000 Minimum |
| Year Models - 2016 and Newer | 85 to 120 Months* | 6.25% - 6.75% | LT Boats/RVs $50,000 Minimum |
| Year Models - 2018 and Newer | 121 to 144 Months* | 6.75% -7.25% | LT Boats/RVs $75,000 Minimum |
*Terms available for Boats and RVs only. Maximum term for 4 Wheelers and Jet Skis is 48 months. Please ask for the rate for which you qualify. Longer term financing limited to those meeting certain credit criteria.
Credit Cards
| Card Type | Rate |
|---|---|
| Platinum VISA | 8.99% |
| VISA Gold | 12.90% |
| VISA Classic | 13.90% |
All cards feature no annual fees, no balance transfer fees, no cash advance fees and no penalty rates. All rates are non-variable.
Home Improvement / Home Equity (Texas properties only)
| Rate | Term | Financing |
|---|---|---|
| HI 5.50% HE 5.00% | Up to 60 Months | Minimum of $5,000; Maximum of $200,000. Loan amount is based on value of home, amount of equity, etc. Contact the loan department for details at 713.627.4000, option 2. |
| HI 6.00% HE 5.25% | 61 to 120 Months | |
| HI 6.25% HE 5.50% | 121 to 180 Months |
Loan amounts available from $5,000.00 to $200,000.00 and based on value of home, amount of equity, etc.
Contact the Loan Department for details at 713.627.4000, option 2.
Mortgage Loan
Personal Loan
| Rate | Term | Financing |
|---|---|---|
| 8.00% - 18.00% | Up to 60 Months | Up to $35,000 ($1,000 minimum) |
Prime Plus Line-of-Credit*
| Rate | Term | Financing |
|---|---|---|
| 8.75% | N/A | Up to $35,000 |
*Rate calculated at 4% above the prime rate (not less than 8.75%) as published in the Wall Street Journal effective the last day of each quarter. Rate is subject to change without notice. Any rate change will occur 45 days after the end of the previous quarter. Rate shown is based on the prime rate as of December 31, 2019.
Share Secured
| Rate | Term | Financing |
|---|---|---|
| 3.00% over lowest tier savings rate | Up to 120 Months | Based on available shares (plus interest) |
| $1,000 Minimum |
Term Share Certificate Secured
| Rate | Term | Financing |
|---|---|---|
| 3.00% over certificate rate | Equal to certificate term | Based on certificate amount (plus interest) |
Credit Life and Disability Insurance are available on all MemberSource loans except for one-time payback loans.
All rates and terms are subject to individual creditworthiness and are subject to change without prior notice.
