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Lawrence + Memorial Credit Union

Rates

Loans: Effective 10/1/24

New Vehicle
Vehicle Type Rate Max. Amount Term Monthly Payment Per $1000 Borrowed
Car/Truck/Motorcycle 5.65% 100% of value 36 months $30.26
Car/Truck/Motorcycle 5.65% 100% of value 48 months $23.32
Car/Truck/Motorcycle 5.65% 100% of value 60 months $19.17
Car/Truck/Motorcycle 5.65% 100% of value 72 months $16.41
Used Vehicle
Vehicle Type Rate Max. Amount Term Monthly Payment Per $1000 Borrowed
Car/Truck/Motorcycle 5.65% 100% of value 36 months $30.26
Car/Truck/Motorcycle 5.65% 100% of value 48 months $23.32
Car/Truck/Motorcycle 5.65% 100% of value 60 months $19.17
Car/Truck/Motorcycle (2022 - 2023) 5.65% 100% of value 72 months $16.41
Home Equity Loans
Type Rate Max. Amount Term Monthly Payment Per $1000 Borrowed
Home Equity - Fixed 5.65% $50,000 max up to 90% of Value Less Liens 3-6 Years $16.41 on a 6 year loan
Home Equity - Fixed 5.65% $75,000 max up to 85% of Value Less Liens 3-6 Years $16.41 on a 6 year loan
Home Equity - Fixed 5.65% $50,000 max up to 90% of Value Less Liens 7-10 Years $10.93 on a 10 year loan
Home Equity - Fixed 5.65% $75,000 max up to 85% of Value Less Liens 7-10 Years $10.93 on a 10 year loan

The payments do not include amounts for taxes and insurance premiums, and if applicable, the actual payment obligation will be greater.

Unsecured Loans
Type Rate Max. Amount Term Monthly Payment Per $1000 Borrowed
Unsecured 9.99% $10,000 48 months $25.36
Unsecured 10.75% $10,000 60 months $21.62
Secured Loans
Type Rate
Share/Share Certificate Secured Share Rate + 2.00%
Visa® Credit Card
Type Rate Fee
VISA 12.90% No annual fee

Learn More

1Annual Percentage Rate

All rates are subject to change without notice.

Share Accounts2 - Effective 8/22/23
Type APY1 Minimum Balance to Earn APY
Regular Shares 0.05% none

*Minimum balance to open the account $5.00.

Club Accounts2
Type APY1 Minimum Balance to Earn APY
Holiday Club 0.05% none
Vacation Club 0.05% none
All-Purpose Club 0.05% none
Share Certificates
Type APY1 Minimum Balance to Earn APY
6 month 4.50% none
12 month 0.45% none
18 month 0.50% none
24 month 0.50% none
36 month 0.50% none
48 month 0.50% none
60 month 0.50% none

*Minimum balance to open the account $500.00

IRA2
Type APY1 Minimum Balance to Earn APY
Shares ( Accumulator) 0.05% none
IRA Share Certificates
Type APY1 Minimum Balance to Earn APY
12 month IRA 0.50% none
24 month IRA 0.50% none
36 month IRA 0.50% none
48 month IRA 0.50% none
60 month IRA 0.50% none

*Minimum balance to open the account $250.00

1Annual Percentage Yield

2Variable Rate – The rate may change after the account is opened.

Fees could reduce the earnings on the account.

A dividend penalty may be imposed for early withdrawals from Share Certificates equal to 90 days dividends.

Dividends are credited on the first day following the end of each calendar quarter.

All rates are subject to change without notice.