Rates and Loans

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Share Dividend Rates

Required Minimum Daily BalanceRateAnnual Percentage Yield
$0.01 – $25,000.000.40%0.40%
$25,000.01 – $99,999.990.50%0.50%

New Auto Rates

TermAnnual Percentage Rate
1 year4.00%
2 years4.50%
3 years4.50%
4 years5.00%
5 years5.00%
  1. Purchase and sales agreement showing Lynn Teachers Credit Union will be lien holder
  2. Insurance binder showing Lynn Teachers Credit Union will be listed as loss payee on insurance policy.
  • Payment example: Auto Loan @ 4.00% annual percentage rate for 1 year would cost $19.63 per $1,000 borrowed
  • Payment example: Auto Loan @ 4.50% annual percentage rate for 2 year would cost $10.06 per $1,000 borrowed
  • Payment example: Auto Loan @ 4.50% annual percentage rate for 3 year would cost $6.86 per $1,000 borrowed
  • Payment example: Auto Loan @ 5.00% annual percentage rate for 4 year would cost $5.31 per $1,000 borrowed
  • Payment example: Auto Loan @ 5.00% annual percentage rate for 5 year would cost $4.35 per $1,000 borrowed

Used Car Rates

TermAnnual Percentage Rate
1 year7.50%
2 years7.75%
3 years8.00%
4 years8.00%
  1. Vehicle CANNOT be older than seven (7) years old.
  2. Purchase and sales agreement showing Lynn Teachers Credit Union will be lien holder . If private sale, copy of title of seller and copy of RMV 1 form showing Lynn Teachers Credit Union to be listed as lein holder.
  3. Insurance binder showing Lynn Teachers Credit Union will be listed as loss payee on insurance policy.
  • Payment example: Auto loan @7.50% annual percentage rate for 1 year would cost $19.98 per $1,000 borrowed.
  • Payment example: Auto loan @7.75% annual percentage rate for 2 year would cost $10.39 per $1,000 borrowed.
  • Payment example: Auto loan @8.00% annual percentage rate for 3 year would cost $7.22 per $1,000 borrowed.
  • Payment example: Auto loan @8.00% annual percentage rate for 4 year would cost $5.62 per $1,000 borrowed.

Personal Loans

Maximum amount:$15,000.00*
Maximum Term: Up to (4) Years
Interest Rate: 12.5% Annual Percentage Rate
Share Secured Loan: 2% Annual Percentage Rate Lower

*Co-signer s may be required if:

  1. Employment of less than five (5) years.
  2. Debt ratio is 40% or higher
  3. Questionable credit report.
  4. Applicant has filed bankruptcy.
  • Payment example: Personal loan @12.50% Annual Percentage Rate for 4 years would cost $6.12 per $1,000 borrowed.
  • Payment example: Share secured loan @10.50% Annual Percentage Rate for 4 years would cost $5.89 per $1,000 borrowed.

Home Improvement Loans

Maximum amount: $40,000.00
Maximum Term: 15 years
Interest Rate: 10% Annual Percentage Rate

Documents Required:

  1. Description and cost estimate of work to be done.
  2. Copy of real estate tax bill and/or copy of the deed to property.
  • Payment example: Home improvement loan @10.00% Annual Percentage Rate for 1 year would cost $20.22 per $1,000 borrowed.