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Installment Loans:
Local 50 Federal Credit Union offers installment loans for new and used vehicles. We also loan on recreational vehicles, boats, campers and motorcycles. Your interest rate is determined by the year of the vehicle and the term is based on the amount borrowed.
The current rates are:
- 5.9% for a new vehicle or r.v.
- 6.9% for a used vehicle or r.v.
Loan terms are as follows:
| up to $4,999.00
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36 months
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| $5,000.00 - $7,999.00
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48 months
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| $8,000.00 - $11,999.00
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54 months
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| $12,000.00 – 16,999.00
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60 months
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| $17,000.00 – 19,999.00
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72 months
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| over $20,000.00
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84 months
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