Rates & Fees


Loan Rates as of November 21, 2018

APPLY FOR A LOAN  •  CALCULATE PAYMENTS

Find the type of loan you're looking for in the first column and follow to the right to see the APR in the second column, and the maximum term in months in the last column.

Loan Type APR* Maximum Term (Months)
Autos, Motorcycles, & Trucks 2018 & Newer low as 2.79%* up to 60
low as 3.29%* up to 72
Autos, Motorcycles, & Trucks 2016-2017 low as 3.69%* up to 60
low as 4.49%* up to 72
Autos, Motorcycles, & Trucks 2014-2015 low as 4.49%* up to 60
Autos, Motorcycles, & Trucks 2013 & Older low as 5.29%* up to 48
Boats, Motorcycles, and RV's 2015 & Newer low as 4.74%* up to 72
Boats, Motorcycles, and RV's 2014 & Older low as 5.74%* up to 72
Personal Life Loan low as 8.74%* up to 60
Need It Now Rates Vary Terms Vary
Share Secured 2.25% 84
VISA Classic 12.6% -
VISA Platinum 8.9% -

*Actual rates will be based on credit qualifications and maybe higher than the above rates.

*Advertised rates include .25% discount for automatic payment.

*Motorcycles must be valued at $10,000 or more based on NADA retail to qualify for Vehicle Loan Rates.

*Motorcycles valued under $10,000 based on NADA retail are qualified for Recreational Vehicle Rates.

*Existing BMCU loans may not be eligible for refinancing.

*Certain restrictions apply.

*APR is the Annual Percentage Rate.

Bloomington Municipal Credit Union may offer matching rates from other lenders. Please call us before accepting a loan with another institution.

This replaces all previous loan rates and promotions. All loans are simple interest. The rates and yields are subject to change without notice.

Share Rates as of November 21, 2018

Share account type is located in the first column, followed by the nominal rate in the second, APY in the third, and how it's compounded and paid in the last column.

Account Type Nominal Rate APY* Compound & Pay Rate
Shares 0.20% 0.20% Compounded daily-paid quarterly
Christmas and Vacation Shares 0.15% 0.15% Compounded quarterly-paid quarterly
IRA's (Traditional-Roth-Education) 0.39% 0.40% Compounded quarterly-paid quarterly
Share Drafts 0.00% 0.00% Compounded monthly-paid monthly
Money Market 0.34% 0.35% Compounded daily-paid quarterly

*APY is the Annual Percentage Yield. Rates subject to change without notice.

The minimum balance for a Money Market Share account is $2500. If more than three transactions are conducted in a month or the balance goes below the $2500.00, there is a $10 monthly fee.

Share Certificates as of November 21, 2018

Share certificate term can be seen in the first column, followed by nominal rate in the second, and APY in the last.

Term Nominal Rate APY*
6 1.29% 1.30%
12 1.98% 2.00%
24 2.37% 2.40%

*APY is the Annual Percentage Yield. Rates subject to change without notice.

$1000.00 minimum balance is required. There is a penalty for early withdrawal. Certificate yields shown assume that dividends are compounded monthly to the certificate.

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