Secured: The Annual Percentage Rate (APR) for new variable rate advances and existing balances will change on the first day of each quarter to reflect any change in the index and will be determined by taking the four-week average of a six month Treasury Bills and rounding up to the nearest 1/4 of 1.00%, plus the applicable percentage rate shown above. The APR will never be more than the applicable rate allowed by law. Any increase in the APR will take the form of more payments of the same amount until what you owe has been repaid.

Certificate Secured: The Annual Percentage Rate (APR) will be 2.0% above the CD rate, rounded up to the nearest 1/4 of 1.00%.  When the CD is renewed, the APR on the loan must be changed to reflect the new CD rate.  If the CD is not renewed, the loan must be paid in full, or funds placed in shares and used as security on a shares-secured loan.  

Minimum Payment: Your payment will never be less than $20.00 per month.

Late CHarges: If you are 10 days or more past due on you loan, you will pay a late charge of 20% of the interest due, minimum $5.00, maximum $25.00.

Collection Cost: You promise to pay all costs of collecting the amount you owe under this agreement, including court costs and reasonable attorney fees.