B E C U L E N D I N G R A T E S
A N D R E L A T E D D I S C L O S
U R E S
(CREDIT AND S ECURITY AGREEMENT ADDENDUM )
BECU has a wide range of loan options that can meet your needs and budget. SEE IMPORTANT LOAN TERMS AND CONDITIONS.
Effective SEPTEMBER 1, 2014
For more information stop by any of our conveniently located Neighborhood Financial Centers or contact us at 206-439-5700 or, outside Seattle 800-233-2328.
Vehicle Loans
APR
New Auto (2011 & newer)
2.09% - 18%
Used Auto (2010 & older)
Motorcycle
Sports Vehicle
Boat
RV
2.59% - 18%
4.74% - 18%
5.24% - 18%
4.24% - 18%
3.99% - 18%
Credit Card
Additional Information
Auto rates advertised include
0.15% rate reduction for loan
amounts $30,000 or more.
Estimated Monthly Payment Examples
$319.37 a month based on a 5 year, $18,000 loan at 2.49% APR
$323.36 a month based on a 5 year, $18,000 loan at 2.99% APR
$187.52 a month based on a 5 year, $10,000 loan at 4.74% APR
$189.81 a month based on a 5 year, $10,000 loan at 5.24% APR
$307.17 a month based on a 10 year, $30,000 loan at 4.24% APR
$303.59 a month based on a 10 year, $30,000 loan at 3.99% APR
APR
Visa
6.90% - 17.90%
$25 rewards annual participation fee applies with optional BECU Rewards Program
For important information, see page 2 disclosures about “Credit Card Interest Rates and Interest Charges” and “Credit Card Fees.”
Personal Loans
APR
Estimated Monthly Payment Examples
Personal Line of Credit
Personal Loan
Share Secured – Variable
8.90% - 17.90%
8.74% - 18%
Total of pledged savings account dividend rate plus 3% margin
$247.62 a month based on a 4 year, $10,000 loan at 8.74% APR
$221.79 a month based on a 4 year, $10,000 loan at 3.10% APR
CD Secured
Total of pledged CD account interest rate plus 2% margin
$179.24 a month based on a 5 year, $10,000 loan at 2.90% APR
For important information, see page 2 disclosures about “Personal Line of Credit – Rates.”
Home Equity & Home Improvement Loans
APR
Home Equity Line of Credit – Variable
3.74% - 8.24%
Fixed Rate Advance
Home Equity Loan
4.49% - 9.49%
3.74% - 9.24%
Home Improvement Loan (not secured by property)
Estimated Monthly Payment Examples
*$457.49 a month based on a 5-year, $25,000, 70% CLTV loan at 3.74% APR
8.49% - 18%
$410.23 a month based on a 5-year, $20,000 loan at 8.49% APR
*Home Equity Loan payment example does not include amounts for property taxes or insurance premiums.
Mortgage Loans
BECU offers a variety of fixed and adjustable rate mortgage products. For more information on mortgage products visit www.becuhomeloans.org. To be connected with BECU’s
mortgage department, please call 206-439-5772.
Important Terms & Conditions
BECU membership required. Rates are based on an evaluation of credit history and other factors specific to your loan (such as loan term, age of collateral, occupancy of
collateral property, combined loan-to-value, lien status, loan amount, as applicable) and may be higher than the lowest rates advertised. Your final APR may differ from your
loan interest rate due to additional fees that may apply.
Vehicle and Personal Loans
Advertised rates for new and used Auto and RV loans (excluding CUDL® Dealer loans) Boat, Share Secured and CD Secured loans include a 0.50% Automatic Payment
Method Rate Reduction, which is available when you set up and maintain recurring automatic payment from your BECU savings or checking account for the life of your loan.
Auto Loan: Lowest rates advertised are based on an established member’s loan
Motorcycle/Sports: Minimum down payment 10%; loan amounts up to $25,000;
with a term of 48 months or less and LTV of 90% or less. Rates are higher for LTV
over 90% or terms greater than 48 months. Loan amounts $30,000 or more include a
0.15% rate reduction. Collateral not to exceed 150,000 in mileage, LTV is based on
Kelly Blue Book wholesale or dealer invoice, terms up to 84 months.
terms up to 72 months. New motorcycle LTV based on Kelly Blue Book retail or MSRP.
New sports vehicle LTV based on Kelly Blue Book retail or dealer invoice. Used
motorcycle and sports vehicle LTV based on Kelly Blue Book retail.
Boat: Available terms and loan amounts based on creditworthiness. Maximum
Share Secured Loan - Variable: After account opening, APR may vary based
terms up to 240 months and down payments vary 20% - 30% depending on loan
amount.
on changes in the dividend/interest rate on your BECU shares declared by the BECU
Board of Directors for your specifically pledged account. Loan amounts up to $10,000,
term up to 48 months.
Personal Loan: Loan amounts up to $15,000, terms up to 72 months.
RV: Available terms and loan amounts based on creditworthiness. Maximum terms
up to 240 months depending on loan amount and higher loan amounts and longer
terms require 10% - 20% down payment. LTV based on NADA Retail or MSRP. Gas
RVs not to exceed 75,000 miles; no mileage restrictions on diesel.
CD Secured: Loan amounts up to balance of CD, term up to maturity date of CD.
Home Equity and Home Improvement Loans
Home Equity Lines of Credit and Loans: Owner occupied property must be located in one of the following states: Washington,
Oregon, California, Arizona, Kansas, Missouri, Illinois, and Pennsylvania. You may have to pay certain third parties closing costs that range
between $0 to $2,756, depending on the location of the property, the amount of the loan and other factors. Additional state or local mortgage
fees or taxes may apply. Property insurance and, if applicable, flood insurance required. Non-owner occupied property must be located in the
State of Washington. Home Equity Lines of Credit: APRs do not include costs and rate may vary monthly (maximum 18% APR). During the
credit advance draw period, payments equal monthly payments of interest, subject to lesser of $100 or your balance and principal is not reduced.
At the end of the draw period, your monthly payment will increase equal to the principal and interest amount necessary to pay the loan balance
over the remainder of the loan term. Home Equity Line of Credit Account Fixed Rate Advances provide for up to 15 years of monthly principal
and interest payments, depending on the amount advanced. Fixed Rate Advances are subaccounts of a Home Equity Line of Credit (HELOC).
Home Improvement
Loan (not secured by
property): This Home
Improvement loan is not
secured by property and must
be used in part to modify a
dwelling. Loan amounts up to
$25,000, terms up to 84
months.
RATES AND TERMS IN EFFECT AS OF SEPTEMBER 1, 2014 AND ARE SUBJECT TO CHANGE WITHOUT NOTICE.
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B E C U L E N D I N G R A T E S
A N D R E L A T E D D I S C L O S
U R E S
(CREDIT AND S ECURITY AGREEMENT ADDENDUM )
Effective SEPTEMBER 1, 2014
Credit Cards
Interest Rates and Interest Charges
Annual Percentage
% Introductory APR for six (6) months from date of account opening.
Rate (APR) for Purchases
After that, your APR will be
to
, based on your
creditworthiness. This APR will vary with the market based on the Prime Rate.
0.00
*
6.90% 17.90%
* Introductory APR is not available for BECU Student or Secured Cards.
APR for Balance
Transfers
0.00% Introductory APR for six (6) months from date of transfer when transfers are
completed within 90 days of account opening.
*
After that, 6.90% to 17.90%, based on your creditworthiness. This APR will vary with
the market based on the Prime Rate.
* Introductory APR is not available for BECU Student or Secured Cards.
APR for Cash Advances
6.90% to 17.90%, based on your creditworthiness.
This APR will vary with the market based on the Prime Rate.
How to Avoid Paying
Interest on Purchases
Your due date is at least 23 days after the close of each billing cycle. We will not charge you
interest on purchases if you pay your entire balance by the due date each month.
To learn more about factors to consider when applying for or using a credit card, visit the
website of the Consumer Financial Protection Bureau at
http://www.consumerfinance.gov/learnmore.
For Credit Card Tips from
the Consumer Financial
Protection Bureau
Fees
Annual Fee
Transaction Fees
Cash Advance
Foreign Transaction
None
Penalty Fees
Late Payment
Returned Payment
Up to $25 for each payment that is 1 or more days late.
2% of the amount of cash advance, not to exceed $10.
1% of the US dollar amount of the foreign transaction.
Up to $25
How We Will Calculate Your Balance: We use a method called "average daily balance ( including new purchases)." See your
Agreement for more details.
How We Will Calculate Your Rate: After any applicable introductory rate period ends, we will establish a margin of 3.65% to
14.65% based on your creditworthiness, and add this margin to the Prime Rate to determine your APR. Your APR and margin will
be stated in a Credit Voucher provided to you if you open a credit card account under your Credit and Security Agreement.
Other Important Credit Card Terms and Conditions: All terms, including fees and the APRs for new transactions, may change after account opening in
accordance with the Credit and Security Agreement and applicable law. $25 rewards annual participation fee applies with optional BECU Rewards
Program. Go to www.becurewards.com to see important details about the BECU Rewards Program.
Personal Line of Credit - Rates
APR
8.9%, 10.9%, 13.9%, 15.9% or 17.90% based on your creditworthiness when you open your account.
Penalty APR and When Up to 19.9%
It Applies
This APR may be applied to your account if you fail twice within any 12 month period to make the
scheduled payment within 29 days of due date or if your Account is considered in default.
Penalty Fees
Late Payment Fee
For each payment that is 10 or more calendar days late, either $25 or 5% of the minimum payment
amount, whichever is greater.
Returned Payment Fee $25
Other Important Personal Line of Credit Terms and Conditions: All terms, including fees and the APRs for new transactions, may change after account
opening in accordance with the Agreement and applicable law.
RATES AND TERMS IN EFFECT AS OF SEPTEMBER 1, 2014 AND ARE SUBJECT TO CHANGE WITHOUT NOTICE.
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