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Updated Loan Rates
Beginning September 25, 2010 the following changes become effective and should be added to your open end addendum for open end plans. The appropriate rate is dependant upon your credit score and the tier assigned.
You can determine which tier you qualified for at the time you opened your plan by looking at the upper left hand of the addendum if you opened your plan after July 1, 2010. If you opened your plan before this date, your tier is not listed on the addendum and you will need to speak to a financial service representative to determine which rate you qualify for.
| Tier |
Annual Percentage Rate |
Daily Periodic Rate |
Share Index Margin |
A |
3.75% minimum |
0.0103% |
2% |
B |
4.75% minimum |
0.0130% |
2% |
C |
6.75% minimum |
0.0185% |
4% |
D |
8.75% minimum |
0.0240% |
6% |