Loan Rates
VEHICLE LOANS
(Rates Effective 01/01/2025)
*Rates As Low As (Rates include .50% discount for 15% or more down payment)
| Loan Type | Model Year | UP TO 36 MONTHS | UP TO 48 MONTHS | UP TO 60 MONTHS | UP TO 72 MONTHS | UP TO 84 MONTHS |
|---|---|---|---|---|---|---|
| New Vehicle | NEW | 4.29%* | 4.69%* | 4.99%* | 5.29%* | 5.59%* |
| Used Vehicle | 2020-2025 2015-2019 2014 & older | 4.89%* 5.69%* 6.99%* | 5.19%* 6.09%* 7.39%* | 5.49%* 6.49%* N/A | 5.79%* 6.89%* N/A | 6.09%* 7.29%* N/A |
| Vehicle Title Loan | 2018-2025 | – | 7.49%* | 7.99%* | 8.49%* | N/A |
| Loan Type | Model Year | UP TO 48 MONTHS | UP TO 60 MONTHS | UP TO 72 MONTHS | UP TO 84 MONTHS | UP TO 120 MONTHS |
|---|---|---|---|---|---|---|
| New Boat/RV/Motorcycle | 2025-2025 | 6.49%* | 6.79%* | 7.09%* | 7.39%* | 7.69%* |
| Used Boat/RV/Motorcycle | 2015-2025 | 7.49%* | 7.79%* | 8.09%* | 8.39%* | 8.89%* |
*Rates and offers are current as of 01/01/2025 and are subject to change. Final rate for all collateral loans is based on credit score, amount financed, year of vehicle, and term. Term will vary by year of vehicle and amount financed. Rates quoted assume excellent borrower credit history with 15% down payment and may be higher depending on individual credit rating.
New Auto Loans: The loan rate applies to New Vehicles only. New Vehicles are those for which you are the original owner and the UNTITLED vehicle is model year 2024 or newer with less than 3,000 miles. Up to 125% financing is available with an added premium. Vehicle weight and mileage restrictions apply.
Used Auto Loans: Metro will determine the Maximum used car loan using a JD Power value. Financing is available up to the JD Power valuation, not to exceed 125%. Vehicle weight and mileage restrictions apply.
Vehicle Title Loans: Maximum loan amount up to 85% loan to value based on JD Power valuation.
Used Boat Loans: Financing for boats 2014 and older is available with an additional 1.00% APR premium.
Payment Example: The approximate monthly payment on a $25,000 loan at 4.99% APR (rate discount included) for 60 months is $471.58. The total finance charge is $3,294.27, and the total loan cost is $28,294.27.
Rate Discounts: A .50% rate discount will be applied to Auto Loan rates with a down payment of 15% or more. The rates above include the rate discount.
APR = Annual Percentage Rate. Your actual APR will be determined at the time of loan approval and will be based on your down payment, vehicle year, term, and credit information.
All loan applications are subject to METRO Federal Credit Union lending guidelines. Up to 125% financing is available with an added premium on vehicles that do not exceed 100,000 miles. The minimum loan amount is $20,000 for 72 & 84 months terms. Rates are not available to refinance existing METRO loans.
SIGNATURE (PERSONAL) LOAN RATES
(Rates Effective 01/01/2025)
If you’re looking to consolidate debt, pay for unexpected repairs, make a large purchase, or pay for that dream vacation, we offer great rates, flexible terms and convenient repayment options. Loans available up to $25,000 (unsecured).
*Rates As Low As
| Loan Type | LOAN TERMS | UP TO 24 MONTHS | UP TO 36 MONTHS | UP TO 48 MONTHS | UP TO 60 MONTHS | UP TO 72 MONTHS | UP TO 84 MONTHS |
|---|---|---|---|---|---|---|---|
| Signature SPECIAL (Personal) | Maximum Loan Amount $25,000 – up to $50,000 with secured, qualifying collateral | 6.99%* | 6.99%* | 6.99%* | 7.49%* | 7.99%* | 8.49%* |
| Signature (Personal) | Loan Amount $1,000 to $25,000 | 8.99%* | 8.99%* | 8.99%* | 9.49%* | 9.99%* | 10.49%* |
| Share Secured | Principal loan amount equal to primary savings balance from $1,000 to $40,000 | 4.99%* | 4.99%* | 4.99%* | 5.49%* | 5.99%* | N/A |
| Overdraft Protection | Min Line-of-Credit = $1,000 Min payment = $100 | 18.00%APR Revolving, Line-of-Credit loan attached to your checking account. | |||||
*Rates listed are based on amount, term and credit score. Rates quoted assume excellent borrower credit history and may be higher depending on individual credit rating. Rates are not available to refinance existing METRO loans and are subject to change. Signature Loan Special: Special terms are available 1/1/2025 – 3/31/2025. Rates quoted above assume excellent borrower credit history and may be higher depending on individual credit rating. Loan amounts greater than $25,000 are available when qualifying collateral is secured. The final rate is determined by credit score and term of loan. The maximum unsecured signature loan available is $25,000 based on credit score. All loan requests are subject to METRO’s lending guidelines. Rates are not available to refinance existing METRO loans.
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MORTGAGE / HOME EQUITY LOAN
(Rates Effective 01/01/2025)
*Rates As Low As
| Loan Type | Term | Rates As Low As (W/O 1st Mtg) | Rates As Low As (WITH 1st Mtg) | Loan-To-Value Limits | Processing Fee | Minimum Loan |
|---|---|---|---|---|---|---|
| Home Equity Line-of-Credit | 20 Years | 7.74%* | 8.24%* | up to 80% | $400 | $10,000 |
| Home Equity Fixed | 5 Years | 6.24%* | 6.49%* | up to 80% | $400 | $10,000 |
| Home Equity Fixed | 8 Years | 6.49%* | 6.74%* | up to 80% | $400 | $10,000 |
| Home Equity Fixed | 10 Years | 6.74%* | 6.99%* | up to 80% | $400 | $10,000 |
| First Mortgage | 10-30 Years | Please Call | up to 80% | Please Call | ||
*Please consult your tax advisor regarding the deductibility of interest. The listed rate is for excellent credit, your rate may vary based on your credit score. The final rate is based on credit score and Loan-to-Value financing. Up to 80% Loan-to-Value financing based on qualification. Loan applications subject to METRO’s lending guidelines and rates are subject to change. Minimum monthly payment is $100. Property values are based on the lesser of the current appraised value or a Freddie Mac Home Value Explorer (HVE®) with a condition report. Independent appraisals not accepted. Savings account is required for credit union membership.
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VISA CREDIT CARD RATES
| Card Type | Fixed-Rate | Credit Limit | Annual Fee | Balance Transfer Fee |
|---|---|---|---|---|
| VISA Secured | 13.80%APR | Minimum $500 | $0 | $0 |
| VISA Classic | 13.80%APR | Minimum $1,000 | $0 | $0 |
| VISA Platinum | 11.80%APR | Minimum $5,000 | $0 | $0 |
PRIME RATE HISTORY
What is the Prime Rate?
The Prime Interest Rate is the interest rate charged by banks to their most creditworthy customers (usually the most prominent and stable business customers). The rate is almost always the same amongst major banks and credit unions. Adjustments to the prime rate are made at the same time; although, the rate does not adjust on any regular basis. The Prime Rate is usually adjusted at the same time and in correlation with the adjustments of the Fed Funds Rate. Publications may also refer to the Wall Street Prime Rate or the WSJ Prime Rate. In addition to commercial loans and credit card rates, many consumer loans are based upon Prime, including home equity loans, car loans, and personal loans.
Change Date | Prime Rate | Change | Change Date | Prime Rate | Change |
|---|---|---|---|---|---|
| 12/19/24 | 7.50% | (.25%) | 10/31/2019 | 4.75% | (.25%) |
| 11/08/24 | 7.75% | (.25%) | 09/17/2019 | 5.00% | (.25%) |
| 09/19/24 | 8.00% | (.50%) | 08/01/2019 | 5.25% | (.25%) |
| 07/27/23 | 8.50% | .25% | 12/20/2018 | 5.50% | .25% |
| 05/04/23 | 8.25% | .25% | 09/27/2018 | 5.25% | .25% |
| 03/23/23 | 8.00% | .25% | 06/14/2018 | 5.00% | .25% |
| 02/02/23 | 7.75% | .25% | 03/22/2018 | 4.75% | .25% |
| 12/15/2022 | 7.50% | .50% | 12/14/2017 | 4.50% | .25% |
| 11/03/2022 | 7.00% | .75% | 06/15/2017 | 4.25% | .25% |
| 9/22/2022 | 6.25% | .75% | 03/16/2017 | 4.00% | .25% |
| 7/28/2022 | 5.50% | .75% | 12/15/2016 | 3.75% | .25% |
| 6/16/2022 | 4.75% | .75% | 12/17/2015 | 3.50% | .25% |
| 5/10/2022 | 4.00% | .50% | 12/18/2008 | 3.25% | (.75%) |
| 3/18/2022 | 3.50% | .25% | 10/31/2008 | 4.00% | (.50%) |
| 03/16/2020 | 3.25% | (1.00%) | 10/09/2008 | 4.50% | (.50%) |
| 03/04/2020 | 4.25% | (.50%) | 03/30/2008 | 5.00% |