Rates

Auto Loan Rates
Loan Rates	Term	APR*
New Car Loans (2018 and newer)	Up to 84 months	4.24% - 18.00%
Used Car Loans (2013 - 2017)	Up to 84 months	4.74% - 18.00%
RVs, Boats and Motorcycles (2018 and newer)	Up to 84 months	5.99% - 18.00%
RVs, Boats and Motorcycles (2013 - 2017)	Up to 84 months	6.74% - 18.00%

***Restrictions apply, all offers and rates are subject to change at any time.

*APR=Annual Percentage Rate. The Annual Percentage Rates are the advertised rates and can vary based on creditworthiness, age of vehicle or RV, loan term and our internal lending criteria which means your rate may be higher. Not all borrowers will qualify. Rates are subject to change but will not exceed 18%. Financing up to 125% of the retail value of the auto may be available but not guaranteed by a source approved by us. Collateral subject to approval. Down payment discount of .25% (used) and .50% (new) available for auto and RV purchases only.

Payment example based off a $20,000 loan: A monthly payment of $500.50 at 2.74% APR with a 42 month term; A monthly payment of $334 at 3.49% APR with a 66 month term.

Credit Union of Richmond offers:

• Financing up to 125% for vehicles.
• GAP and warranties available

Please contact one of our loan officers for complete information on current rates and details.

Bring in your current auto loan from another financial institution to Credit Union of Richmond and we will add 100 dollars to your share account. For more information, apply online or call 1-804-355-9684.

**Restrictions apply, all offers and rates are subject to change. ** Credit Union of Richmond loans are not included with this offer. Rates are subject to change at any time and should only be used as a guide. 

*APR=Annual Percentage Rate. The Annual Percentage Rates are the advertised rates and can vary based on creditworthiness, age of vehicle, loan term and our internal lending criteria which means your rate may be higher. Not all borrowers will qualify. Rates are subject to change but will not exceed 18%. Financing up to 125% of the retail value of the auto may be available but not guaranteed by a source approved by us. Collateral subject to approval. The rate on a new/used vehicle could be as low as 2.24% APR which includes a discount of up to 1% off the current rate utilizing the auto loan recapture promotion. This promotion is only available if the auto is refinanced from another lender. Regardless of promotions and discounts, the rate cannot exceed 2.24% which is the minimum APR offered. If the promotional rate is not utilized, then our standard auto rates range from 3.24%-18% APR. Loans currently financed through the credit union cannot be refinanced with this offer.

Payment example based off a $20,000 loan: A monthly payment of $496 at 2.24% APR with a 42 month term; A monthly payment of $334 at 3.49% APR with a 66 month term.

Bring in your current personal loan from another financial institution to Credit Union of Richmond and you may receive up to 1% less than your existing rate with financial institution and we will add $25 to your share account

*Rates and loan approval are based on creditworthiness and our internal credit criteria. Not all borrowers will qualify.  Minimum or maximum loan amounts and credit limits apply.  Restrictions apply, all offers, and rates are subject to change without further notice. Credit cards, automobile, RV, and mortgage loans are excluded from this offering. Recaptured personal loan rates (refinanced from another lender) will range from 5.99%-18% APR. To qualify for up to 1% less than your current rate you must provide supporting documentation. We will match the remaining term of your loan not to exceed 84 months.  Regardless of discounts or promotions, 5.99% APR is our minimum rate offered for personal loans. If the loan is not considered a recapture, then our standard rates apply which range from 7.74% to 18%. Payment example: A loan of $5,000 for 36 months has a payment of $153 at 5.99% APR. Another payment example: A loan of $5,000 for 36 months has a payment of $183 at 18% APR.

*Annual Percentage Rate based on Credit Score

Introductory rate is for the first 6 months billing cycle.

 

Christmas Club
Minimum Opening Deposit	-
Minimum to Earn APY	$100
Rate	0.50%
Annual Percentage Yield (APY)*	0.50%
Compounding Frequency	Quarterly

Account transfer and withdrawal limitations apply.

 

**A penalty may be imposed for early withdrawals**
For more information contact us.

 

 

 

Account transfer and withdrawl limitations apply. 

6 Month Share Certificate Rates
Minimum Opening Deposit	$500
Minimum to Earn APY	-
Rate	1.00%
Annual Percentage Yield (APY)*	1.00%
Compounding Frequency	Quarterly