Loan Rates

Loan Rate Discount

Save .25% with automatic payments on your loan.  Loan rates are reduced by .25% if your loan payment is made by automatic transfer from your savings or checking account. This discount applies to all loans except Visa, Student Loans, Home Equity and Mortgage. Loan rates shown are reduced by the .25%.

Well qualified members save even more. A credit score of 700-775 earns an additional .50% rate reduction on our any purpose, vehicle, RV, boat or motorcycle loan. A full 1.0% rate discount applies for borrowers with credit scores of 776 or higher. The rates posted below are for credit scores of 650 – 699. We use FICO Classic 09 to determine credit scores. This discount applies to all loans except Visa, Student Loans, Home Equity and Mortgage.

All rates as of 11/01/2023 and are subject to change. Programs, rates, terms and conditions are subject to change without notice. Any borrower or co-borrower must establish membership with TruNorth Federal Credit Union.

Mortgages

As low as 0% down

Mortgages

We currently offer an in-house 5/1 ARM. Please contact our office at (906) 485-1210 for more information.

 

Home Equity Credit Line

TermRateAPRMonthly Payment
5 Year Fixed6.25%6.25%$972.54
7 Year Fixed6.75%6.75%$748.63
10 Year Fixed6.95%6.95%$579.37

*The information provided assumes a loan amount of $50,000. All loans subject to credit approval. Annual percentage rates (APR) shown are subject to change without notice. Advertised rates assume loan to value is no higher than 80%. Borrower is responsible for closing costs. Rate is fixed for the term of the loan. Property insurance is required, and, if applicable, flood insurance will be required. Minimum loan amount is $5,000. Fixed APR’s (annual percentage rates) do not include processing fee. APR’s may vary due to loan amount and term. Limited to MI properties only. Other restrictions may apply. Ask for details.

Please contact our office at (906) 485-1210 for our current adjustable HELOC rates.

 

New Autos

No down payment needed.

TermAPRMonthly Payment per $1,000Requirement
24 months6.45%$44.53
36 months6.70%$30.74
48 months6.95%$23.93
60 months7.20%$19.90
72 months7.45%$17.27$15,000+ financed
84 months8.45%$15.82$30,000+ financed

 

Used Autos

No down payment needed.

TermAPRMonthly Payment per $1,000Requirement
24 months6.45%$44.53
36 months6.70%$30.74
48 months6.95%$23.93
60 months7.20%$19.90
72 months7.45%$17.27Some restrictions apply.
84 months8.45%$15.82Some restrictions apply.

 

New RVs, Boats, Motorcycles, Campers

No down payment needed. Up to a 10 year loan term on new and used RVs or boats.

TermAPRMonthly Payment per $1,000Requirement
24 months6.45%$44.53
36 months6.70%$30.74
48 months6.95%$23.93
60 months7.20%$19.90
72 months7.45%$17.27
84 months8.45%$15.82
120 months9.70%$13.06Fixed - $30,000+

 

Used RVs, Boats, Motorcycles, Campers

No down payment needed. Up to a 10 year loan term on new and used RVs or boats.

TermAPRMonthly Payment per $1,000
24 months6.45%$44.53
36 months6.70%$30.74
48 months6.95%$23.93
60 months7.20%$19.90
72 months7.45%$17.27

 

Any Purpose Loans

Total combined any purpose loan balance and VISA limit may not exceed $35,000.

TermAPRMonthly Payment per $1,000Maximum
36 months9.25%$31.92$25,000
48 months9.75%$25.25$25,000
60 months10.25%$21.38$25,000
72 months10.75%$18.91$25,000
VISA (revolving)11.90%$20,000 (no annual fee)

 

Share Secured

TermAPRMonthly Payment per $1,000
Up to 36 months5.50%$30.20
Up to 72 months6.00%$16.58