• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • System Enhancements
  • Open Account Online
  • Rates
    • Rates Overview
    • Deposit
    • Loan
  • Contact Us
  • Location & Hours
  • About
    • About LCU
    • 2021 Annual Report
    • Careers
    • Community Support
    • Contact LCU
    • History
    • Leadership
    • Membership Eligibility
  • Pay My Loan
Leominster Credit Union

Leominster Credit Union

  • Personal
    • Personal Banking Overview
    • Checking
    • Savings
    • CD/IRA
    • Services
    • Online Banking
    • Mobile Banking
    • LCU Debit Card
    • ATM Networks
  • Business
    • Business Banking Overview
    • Business Checking
    • Business Lending
  • Loans
    • Loan Financing Overview
    • Mortgage
    • Home Equity
    • Auto Loan
    • Personal Loan
    • Overdraft Protection
    • Credit Card
    • For Dealers Only
  • Insurance & Investments
    • Accidental Death & Dismemberment
    • Auto & Home Insurance
    • Life Insurance
    • Investment Services
  • Resources
    • Resources Overview
    • Member News and Information
    • Security Updates, News and Notifications
    • Community Support
  • Search
Forgot Username
Forgot Password

Enroll Now

 

Login
Forgot Username
Forgot Password

Enroll Now


Locations

Rates
  • Personal
    • Personal Banking Overview
    • Checking
    • Savings
    • CD/IRA
    • Services
    • Online Banking
    • Mobile Banking
    • LCU Debit Card
    • ATM Networks
  • Business
    • Business Banking Overview
    • Business Checking
    • Business Lending
  • Loans
    • Loan Financing Overview
    • Mortgage
    • Home Equity
    • Auto Loan
    • Personal Loan
    • Overdraft Protection
    • Credit Card
    • For Dealers Only
  • Insurance & Investments
    • Accidental Death & Dismemberment
    • Auto & Home Insurance
    • Life Insurance
    • Investment Services
  • Resources
    • Resources Overview
    • Member News and Information
    • Security Updates, News and Notifications
    • Community Support
  • System Enhancements
  • Rates
    • Rates Overview
    • Deposit
    • Loan
  • Contact Us
  • About
    • About LCU
    • 2021 Annual Report
    • Careers
    • Community Support
    • Contact LCU
    • History
    • Leadership
    • Membership Eligibility

Primary Sidebar

Rates

  • Deposit Rates
  • Loan Rates

Loan Rates


Print/Download

CONSUMER LOANS

Apply Online

Effective date: 08/18/2022

Sub-category APR1,2 Max Term
(Months)
Estimated Monthly Payment per
$1,000 borrowed
Auto3
Model Years 2022-2017 1.99% 36 $28.88
2.49% 48 $22.09
2.79% 60 $18.02
3.49% 72 $15.55
Model Year 2019 or Newer
$25K Min Fin
3.99% 844 $13.78
Model Years 2016-2013 3.34% 48 $22.47
4.44% 60 $18.77
Boats and Recreation Vehicles3
New & Used 8.00% 72 $17.65
9.00% 240 $9.06
Motorcycles3
New & Used 5.49% 60 $19.09
Personal3
13.00% 72 $20.07

1APR – Annual Percentage Rate. Loan rates are subject to change at any time without notice. Rates for automobiles, boats, recreational vehicles, motorcycles and personal loans reflect a .25% discount for automatic payment from an LCU checking or savings account. Rate is determined by your personal credit history. Other rates, terms, and conditions may apply. Consumer type vehicles only at these rates. Commercial type vehicles will have increased rates. Up to 120% financing available on consumer autos. LCU members must maintain a $5 deposit relationship. Amount financed includes $85 VSI Insurance. Rates for autos older than 2013 – call us for rates.

2Rate requires: 730+ FICO Credit score and autopay from an LCU deposit account. Rate is not available to all borrowers and all loan requests are subject to LCU underwriting criteria. Not available for commercial purpose vehicles.

3Maximum term allowed determined by amount borrowed and underwriter discretion.

484 month term available for top credit tiers only, 2019 or newer vehicles with a minimum amount financed of $25,000.00.

HOME EQUITY LOANS

Effective date: 08/18/2022

APR1 Max Term
(Months)
Minimum Maximum Monthly payment
per $10,000
Home Equity Loans2
3.99% 60 $10,000.00 $250,000.00 $184.11
4.25% 120 $10,000.00 $250,000.00 $102.44
4.75% 180 $10,000.00 $250,000.00 $77.79
5.49% 240 $10,000.00 $250,000.00 $68.74
LCU Home Equity Line of Credit3
1.99% 240 $10,000.00 $250,000.00 $16.36
LCU Home Equity Plus Line of Credit4
7.50% 240 $10,000.00 $100,000.00 $61.64

1APR – Annual Percentage Rate. Rates may be subject to change without notice

2Equity is determined by taking 80% of the property value and deducting the balance of any mortgages. If appraisal is required, the charge will range from $450 to $600. The minimum loan amount is $10,000 and the maximum is $250,000. Property insurance is required. Must be a junior lien position. LCU members must maintain a $5 deposit relationship.

3An introductory annual percentage rate (APR) as low as 1.99% for the first twelve billing cycles with a periodic rate of 0.00545%. Thereafter, the APR will be set on the last business day of each month and will be either a floor rate of 3.50% APR with a periodic rate of 0.00959%, or, 1.00% below the Prime Rate published in the Wall Street Journal on the last business day of each month, whichever is greater. Automatic payment from LCU transaction account required to receive the stated APR. If automatic payment is cancelled, APR will increase by .70%. The maximum rate is 18.00% and the floor rate is 3.50%. Draw period is ten years with an additional ten years to repay. An early termination fee of no more than $1,200 may be imposed to cover fees paid to third parties if the equity line is discharged within 24 months of the note date. Rate is subject to change after consummation. Offer only applies to owner-occupied primary residences. Equity is determined by taking 80% of the property value and deducting the balance of any mortgages. If appraisal is required, the charge will range from $450 to $600. The minimum loan amount is $10,000 and the maximum is $250,000. Property insurance is required. LCU members must maintain a $5 deposit relationship. All requests are subject to credit approval. Actual rate and margin offered may be adjusted based on credit history and other factors – this may result in a higher rate than our published rate. Trust review fee may apply.

4Annual percentage rate (APR) is variable and is adjusted monthly to the Wall Street Journal Prime Rate published on the last business day of each month plus 2.00%. Automatic payment from an LCU deposit account is required to receive the stated APR. If automatic payment is canceled, APR will increase by.70%. The maximum rate is 18.00% and the floor rate is 5.00% APR with a periodic rate of 0.01370%. Draw period is ten years with an additional ten years to repay. An early termination fee of no more than $1,200 may be imposed to cover fees paid to third parties if the equity line is discharged within 24 months of the note date. Rate is subject to change after consummation. All borrowers must meet the underwriting guidelines of the PMI Company. Offer only applies to owner-occupied primary residences. Equity is determined by taking 95% of the property value and deducting the balance of any mortgages. If an appraisal is required, the charge will range from $450 to $600. The minimum loan amount is $10,000 and the maximum is $100,000. Property insurance is required. LCU members must maintain a $5 deposit relationship. Trust review fee may apply.

Calculators

Auto Loan Calculator
Free auto loan calculator by Bankrate.com
Use this auto loan calculator to find your payment.

The payment is estimated and may not
include all fees/charges.

LCU does not guarantee the accuracy of the rates or calculations provided by the third party vendor.

Simple Loan Calculator
Free loan calculator by Bankrate.com
Determine a mortgage or loan payment amount.

The payment is estimated and may not
include all fees/charges.

LCU does not guarantee the accuracy of the rates or calculations provided by the third party vendor.

CD Calculator
Free CD calculator by Bankrate.com
Determine the compound interest gained on a CD.

LCU does not guarantee the accuracy of the rates or calculations provided by the third party vendor.

Contact Us

20 Adams Street
Leominster, MA 01453
Phone: 800-649-4646
Email: [javascript protected email address]

ROUTING NUMBER: 211383736

External link to bettervaluesbetterbanking.com

  • Visit our Youtube page
  • Visit our Facebook page
  • NCUA Logo
  • MSIC Logo
  • Equal Housing opportunity logo, NMLS ID#517287

Apple®, the Apple logo, iPhone® and iPad® are trademarks of Apple Inc., registered in the U.S. and other countries.
Apple Pay and Touch ID™ are trademarks of Apple, Inc.

Copyright 2022 Leominster Credit Union | All Rights Reserved

  • Contact Us
  • Location
  • Community Support
  • News
  • Careers
  • Eligibility
  • Open Account Online
  • ATM Networks
  • External Transfer
  • For Dealers Only
  • Reorder Checks
  • Terms & Conditions of Your Account
  • Electronic Banking User Agreement 
  • What You Need to Know About Overdrafts and Overdraft Fees
  • ADA Accessibility
  • Privacy Notice
  • Internet Privacy
  • Personal Service Charge Schedule
  • Business Service Charge Schedule
  • Safe Deposit Box Rates
  • Visit our Youtube page
  • Visit our Facebook page
  • NCUA Logo
  • MSIC Logo
  • Equal Housing opportunity logo, NMLS ID#517287