Types of Loans  How Rates are Determined

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Loans for All Your Needs!

Agility Financial Credit Union has loans for all your needs. Buy a car, make home improvements, take a vacation, consolidate your bills, open a Visa credit card account; whatever your lending needs may be, your Credit Union is here to help. And you can pay your loan through payroll deduction so you won't be late with your payment.

Check out our most popular loans below:

     • New & Used Auto
     • Home Equity LOC
     • Signature
     • Boats
     • Motorcycles
     • Recreational Vehicles
     • Visa Credit Card
     • Vacation
     • Back to School
     • Christmas Cash
     • Appliance

Loan Interest Rates Determined by
Risk-Based Pricing

Here's How It Works...
Loan interest rates are determined by the member’s Credit Score taken from the credit report and matching the score with the credit union’s interest rate grid. The grid has five different levels with the premium column for scores 730 and above. The next levels are level one scores between 680 to 729, level two scores between 630 to 679, level three scores between 600 to 629 and level four scores that are below 600. There are grids for each type of loan and for different terms of the loan. The types are unsecured, new and used vehicle, home equity line of credit, second mortgages.

Rates on other special loans – overdraft protection, back to school, and Christmas cash are the same for all members and are not included in this risk based pricing format.

Loans approvals are based on loan policy not the credit score. Only the interest rate charged is determined by the score and where the score fits in the grid.

The rates for the different category of loans are determined by the board of directors and are reviewed at least annually.

An example of the grid and the determination of an interest rate are shown below.

If a member has a credit score of 644 and otherwise meets the requirements of the loan policy, the rate charged is derived from the chart. If the loan is for a vehicle and the term is 36 months. The rate would be 7.49%.

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Your Savings federally insured to at least $100,000 and backed by the full faith & credit of the United States Government. National Credit Union Administration, A U.S. Government Agency.

We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.