Loans & Rates
Electric Cooperatives Federal Credit Union is your go-to source for low-cost loans for almost any need!
New and Used Auto Loans
When you’re in the market for a new or used vehicle, talk to your credit union first! We offer competitive rates and easy terms, plus you can get pre-approved before you shop!
Auto Loan Refinancing
Refinancing your auto loan from another lender is a great way to put a few extra bucks back in your pocket! Oftentimes, your credit union can meet or beat your existing rate from another lender, so bring us your auto loan today!
Recreation Loans
Our low-rate recreation loans make enjoying your life more affordable than ever. We finance any of the following and more!
Campers & RVs
Boats & Personal Watercraft
Motorcycles
ATVs
Personal Loans
Our Signature and Line of Credit Loans can be used for almost any need. We offer competitive rates and terms and an easy application process.
Student Loans
Pay for college the smart way! Our Smart Option Student Loan® by Sallie Mae® offers a variety of benefits and an easy application process.
Credit Cards
Earn rewards with an ECFCU VISA Credit Card and also enjoy these great benefits:
No Annual Fee
Earn ScoreCard Reward Points
eZCard Online Card Access
Use your ECFCU VISA® Rewards card and earn points redeemable for travel, merchandise, and more!
Rates
Rates are subject to change, please contact member service at 800-442-0186 or 501-570-2396 for current rates.
| Type | Amount |
|---|---|
| Fixed-Rate Share Certificate of Deposit Secured | The Annual Percentage Rate (APR) will be the dividend rate being paid on the Share Certificate of Deposit (CD) offered as security (index) plus a margin of 2% but may be renewed with the CD renewal. The APR will never be less than 6.0%. The approximate term of the advance may not exceed the term of the CD offered as security. The APR and Daily Periodic Rate (DPR) will be disclosed on the Voucher at the time of the advance. |
| Minimum Payment | The amount and due date of your payment will be established at the time of each advance. Your minimum monthly payment will never be less than $50.00. |
| Collection Costs | You agree to pay all costs of collecting the amount you owe under this Agreement, including attorney fees not to exceed 10% of the amount of principal plus interest and all court costs. |
| Late Payment Fee | A late payment fee of $10.00 will be assessed on any payment that is 15 or more days past due. |
| Credit Disability Insurance | If you select this insurance coverage, cost will be calculated at $2.02 per $1,000.00 for single and $3.43 per $1,000.00 for joint of your monthly loan balance. |
| Life Insurance | If you select this insurance coverage, cost will be calculated at $0.80 per $1,000 for Single Life Coverage and $1.40 per $1,000 for Joint Credit Life. |
| Current Loan Rates | APR* |
|---|---|
| Personal/Signature | 14.50% - 18% |
| Line of Credit | 11.5% - 18% |
| Used Auto | 5.50% - 16.25% |
| New Auto | 5.50% - 16.25% |
| Campers/Boats | 5.99% - 13.25% |
| ATV's/Motorcycles | 6.25% - 14.99% |
| Regular Shares | APR* | APY* |
|---|---|---|
| $250.00 - Over | 0.03% | 0.03% |
| Share Draft, $100.00 - Above | 0.10% | 0.10% |
| Money Market Checking | APR* | APY** |
|---|---|---|
| $2,500.00 to $4,999.99 | 0.10% | 0.10% |
| $5,000.00 to $9,999.99 | 0.75% | 0.75% |
| $10,000.00 to $24,999.99 | 1.00% | 1.00% |
| $25,000 and above | 1.25% | 1.25% |
| Health Savings Accounts | APR* | APY** |
|---|---|---|
| $100.00 to $9,999.99 | 0.50% | 0.50% |
| $10,000 to $14,999.99 | 1.50% | 1.50% |
| $15,000 to $24,999.99 | 1.75% | 1.75% |
| $25,000 - Over | 2.00% | 2.00% |
| Type of Account | APR* | APY** |
|---|---|---|
| Christmas Club, $250.00 - Above | 0.15% | 0.15% |
| IRA Savings Accounts | 0.10% | 0.10% |