Loan Rates‒Competitive Interest Rates

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Loan Rates
Effective as of 01/01/2012

New Vehicles 2011
	APR as low as*	Terms	Fees
Auto/Truck	3.49%	Up to 48 Months	N/A
Auto/Truck	3.74%	Up to 60 Months	N/A
Auto/Truck	3.99%	Up to 72 Months	N/A
Auto/Truck	4.49%	84 Months	N/A
Loan value is NADA retail which includes price of vehicle plus sales tax not to exceed 115% of book value. Maximum term on New and Used Autos is 84 months. Maximum loan amount is $150,000. Maxium term on 2007-2008 units is 60 months Maximum term on 2003-2006 units is 48 months. Auto Refinances for 2011 units will be priced as New Vehicle /Classic or Vintage cars - use CPI guide book low or appraisal. Maximum term 60 months. 2010 vehicles that have never been titled are still considered new. 2002 and older vehicles use unsecured rates and place lien on vehicle.

Used Vehicles 2003-2010
	APR as low as*	Terms	Fees
	3.74%	Up to 48 Months	N/A
	3.99%	Up to 60 Months	N/A
	4.49%	Up to 72 Months	N/A
	4.99%	84 Months	N/A
Loan value is NADA retail which includes price of vehicle plus sales tax not to exceed 115% of book value. Maximum term on New and Used Autos is 84 months. Maximum loan amount is $150,000. Maximum term on 2006-2007 units is 60 months. Maximum term on 2002-2005 units is 48 months. Auto Refinances for 2010 units will be priced as New Vehicle /Classic or Vintage cars - use CPI guide book low or appraisal. Maximum term 60 months. 2009 vehicles that have never been titled are still considered new. 2001 and older vehicles use unsecured rates and place lien on vehicle.

Home Equity Loan
	APR as low as*	Maximum Terms	Fees
Up to 80% LTV	6.25%	180 Months	No Fees
81% to 90% LTV	7.25%	180 Months	No Fees
91 to 100% LTV	8.25%	180 Months	No Fees
Minimum loan amount $10,000. Minimum loan advance on HELOC is $5,000. Loan amounts less than $10,000 may be subject to closing costs. All Non-Owner occupied properties will require an appraisal and the cost must be paid by the member. LTV's over 50% will require VP of Lending or CEO approval.

Home Equity Line-of-Credit
	Variable APR as low as*	Draw Period	Fees
Up to 80% LTV	3.75%	7 Years	No Fees
81% to 90% LTV	4.75%	7 Years	No Fees
91% to 100% LTV	5.75%	7 Years	No Fees
Line-of-Credit variable rates may change quarterly based on the Wall Street Journal Prime Rate. Maximum APR is 18%. Minimum draw for Home Equity Line-of-Credit is $5,000. Subsequent draws are $100. Maximum Real Estate loan amount $1,000,000. Non-Owner occupied properties are not eligible.

Interest Only Home Equity Line-of-Credit
	Variable APR as low as*	Draw Period	Fees
Up to 80% LTV	3.75%	10 Years	No Fees
81% to 90% LTV	4.75%	10 Years	No Fees
Line-of-Credit variable rates may change quarterly based on the Wall Street Journal Prime Rate. Maximum APR is 18%. Minimum draw for Interest Only Line-of-Credit is $10,000. Subsequent draws are $100. Monthly payment is calculated based on the monthly interest due. Maximum Real Estate loan amount $1,000,000. Monthly payment is calculated based on the monthly interest amount due. Minimum initial draw $10,000. Non-Owner occupied properties are not eligible.

Other Loans
	APR as low as*	Terms	Fees
Share Secured	5.00%	Up to 36 Months	N/A
Line-of-Credit/Overdraft	11.49%	N/A	N/A
Personal/Unsecured, Jetski, Snowmobile	8.99%	Up to 48 Months	N/A
Personal/Unsecured, Jetski, Snowmobile	9.49%	Up to 60 Months	N/A
Personal/Unsecured, Jetski, Snowmobile	9.99%	Up to 72 Months	N/A
Credit Card Classic	Contact Michigan First	N/A	N/A
Credit Card Platinum	Contact Michigan First	N/A	N/A
Mobile Home - New (70% LTV)	9.00%	Up to 180 Months	N/A
Mobile Home - Used (50% LTV)	8.50%	Up to 84 Months	N/A
Unsecured Loans - Maximum term 72 months; Vehicles (free and clear) used as collateral are subject to the unsecured rates. Maximum loan amount $50,000. Share Secured - Maximum term 36 months. Maximum loan amount $250,000. Line of Credit/Overdraft - Maximum loan amount $50,000. Mobile Home - Must be permanently affixed with tongue and axle removed. Must be title holder.

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