Loan Rates

Southernmost

Federal Credit Union

P. O. Box 2250

Key West, FL 33045-2250

(305) 296-6568

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 *	Year of Auto	APR	MONTHS FINANCED
	2003	6.00	36
		6.50	48
		7.50	60
		8.50	72
	2002	6.50	36
		7.00	48
		7.50	60
	2001	7.50	36
		8.00	48
		8.50	60
	2000	8.00	36
		8.50	48
		9.00	60
	1999	8.5	36
		9.00	48
	1998	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.

*Mastercard*	APR	MIN. ADVANCE	MAX.LOAN
	15.90	$10	$5,000
	15.90	$50	$5,000

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%