Loan Rates

Southernmost

Federal Credit Union

1004 Kennedy Dr.

Key West, FL 33040

(305) 296-6568

Fax (305) 296-7341

Toll-Free (800) 794-8756

Loan Rates & Policies

New Automobile - Financing 100%	APR	Months Financed
	5.00	24
	5.50	36
	6.50	48
	7.00	60
	8.50	72
	9.00	84
Financing Over $40,000*	7.00	60
	8.5	72
	9.0	84

*Effective April 29, 1999 we will finance any amount for a vehicle as long as member qualifies. We can finance 100% up to 40,000, over $40,00 we will finance up to 80%.

**7 year financing limited to members with good credit history, see Manager

***100% financing after tax, tags, title including extended warranties.

*Used Automobile -* Financing 90% of NADA RETAIL VALUE * Vehicle age not to exceed 5 model years	APR	MONTHS FINANCED
	6.00	36
	6.50	48
	7.50	60
	8.50	72
	6.50	36
	7.00	48
	7.50	60
	7.50	36
	8.00	48
	8.50	60
	8.00	36
	8.50	48
	9.00	60
	8.5	36
	9.00	48
	9.00	36
	9.5	48

* If purchased from individual, credit union will need to inspect the vehicle. Maximum loan $40,000 on used vehicle.

New Recreational - Financing 100% of Dealers Invoice up to $60,000 (Minimum $1,000)*	APR	MONTHS FINANCED
	6.50	12
	7.00	24
	7.50	36
	8.00	48
	9.00	60
	9.50	72

* Motorized transportation includes boats, pleasure equipment, moped\cycles. Titled Vehicles.

*Used Recreational* - Financing 80% Maximum $40,000*	APR	MONTHS FINANCED
	10.00	36
	11.00	48
	11.50	60

*Includes mopeds, cycles; Written appraisal required. Loan used for purchases only if purchased from individual. The credit union will need to inspect. Any and all used water craft will need an out of water written appraisal by a qualified person.

Powerline (Line of Credit)

*Signature Loans*	APR	MAX MOS.	MIN. ADVANCE	MAX. LOAN
Payments based on balance chgs.w/a new advance only *With 675 and Over Beacon Score	15.00	36	$100	$6,000
	Min. payment $30.00
Under 675 can only be approved by manager.
*Signature Loan*	16.00	12	$500	$5000

Discount for senior citizens equals 3% less than current Signature/fixed rate. 55 yrs and older.

Southernmost Federal Credit Union Summary of Terms
Annual Percentage Rate (APR) Visa	15.90%
Other APRs Cash Advance	15.90%
	There is no grace period for cash advances. The average daily balances for credit purchases and cash advances are calculated separately. Average daily balance for cash advances is determined by dividing the sum of the daily balances during the billing cycle by the number of days in the cycle.

Default APR* Annual Fees	15.90% 12.00

Minimum Finance Charge	NONE
Transaction Fee for Purchase	NONE
Grace Period for Repayment of Balance on Purchases	25 days on average
Method of Computing the Balance for Purchases	Average daily balance including new purchases
Cash Advance Fee	NONE
Late Payment Fee	$10 per month
Over Credit Limit Fee	$15 per month
Balance Transfer Fee	NONE
*If we do not receive the amount due by your second due date, your account is subject to change to the Default APR for purchases, cash advances and balance transfers. The Default APR will remain in place until you make three consecutive monthly payments on time. After three consecutive months of on-time payments, the purchase and balance transfer rates will revert to the current Purchase APR. The Balance Transfer rate will not return to the special promotional rate for the existing balance transfer. The above information is accurate as of the date in the lower right hand corner and is subject to change. For any change in this information since it was printed contact: Southernmost Federal Credit Union 1004 Kennedy Dr. Key West, Florida 33040 September 30, 2009

Risk Based Lending Guidelines

Members with Bankruptcy will be charged 3.00% higher on all loans with a maximum of 18.00%.

Members with a Beacon score under 500 will be charged 3.00% higher on all loans with a maximum of 18.00%

Guidelines for Loan Rate Reductions

Members with Beacon score over 600.

Present employment more than 3 years

No unpaid collection items

Homeowner debt ratio 55%

Non-Homeowner ratio 40%

Members with the above guidelines rate on new collateral, may be reduced by 1.50%. Used collateral may be reduced by 1.00%