Omaha Federal Credit Union continually creates and evaluates its loan programs to ensure they are fairly-priced and are meeting our Members' borrowing needs. You can apply for any of our loans in-person, by mail, by phone by calling 402-399-9001 or 1-800-660-7350, or by using our On-line Insta-Loan Application. With Insta-Loan, you can apply for your loan and receive approval all within minutes from the comfort of your home or office via your personal computer.Rates quoted below are Omaha Federal Credit Union's lowest rates. Rates are based on the term of the loan, security and credit worth. Your rate may be higher. Rates shown included a 1/4% discount for payroll direct deposit and automatic payment of the loan. You can contact the Credit Union to determine your rate. To calculate your monthly payment, use our Loan Calculator.
New Vehicle: OFCU will finance up to 100% of the cost of a new car, truck or van (excluding tax and license). You can choose from either fixed rate or variable rate new car loans. The maximum term for fixed is 60 months and the variable is 96 months.
Variable APR* Fixed APR*** Repayment Term Amount Financed N/A 4.99% 60 mos. Purchase PriceUsed Vehicle: OFCU will finance up to 100% of the current NADA value (excluding tax and license). Call OFCU for Blue Book details.
Variable APR* Fixed APR*** Repayment Term Amount Financed N/A 5.90% (2005 & Newer) 96 mos. Purchase Price N/A 6.50% (2004 and older) 48 mos. Purchase PriceNew Boat: OFCU will finance up to 80% of the full purchase price (excluding tax and license).Variable APR* Fixed APR*** Repayment Term Amount Financed N/A 5.90% 96 mos. 80% of Purchase PriceUsed Boat: OFCU will finance up to 100% of the Loan Value stated in the NADA Used Boat Guide (excluding tax and license). Maximum term is 36 months.Variable APR* Fixed APR*** Repayment Term Amount Financed N/A 5.90% 96 mos. 100% Loan Value N/A 6.50 (2004 and older) 48 mos. 100% Loan ValueNew Motorcycle Loan: OFCU will finance 75% of the purchase price (excluding tax and license) of a new motorcycle.Variable APR* Fixed APR*** Repayment Term Amount Financed N/A 5.90% 96 mos. 75% of Purchase PriceUsed Motorcycle Loan: OFCU will finance 100% of the current amount in the NADA Used Motorcycle Guide (excluding tax and license) for a used motorcycle.Variable APR* Fixed APR*** Repayment Term Amount Financed N/A 5.90% 96 mos. 100% of NADA GuideNew RV Loan: OFCU will finance 100% of the purchase price (excluding tax and license) of a new Recreational Vehicle. Maximum term is 90 months.
N/A 6.50% (2004 and older) 48 mos. Purchase PriceVariable APR* Fixed APR** Repayment Term Amount Financed N/A 5.90% 96 mos. 100% of Purchase PriceUsed RV Loan: OFCU will finance 100% of the current NADA Recreational Vehicle Guide (excluding tax and license) for a used Recreational Vehicle.Variable APR* Fixed APR*** Repayment Term Amount Financed N/A 5.90% 96 mos. 100% of NADA GuideVISAŽ Credit Cards: OFCU offers a low-interest credit card that can have limits up to $10,000. Cardholders are given a 25-day grace period during which they can pay off their balances, interest free. Members can also secure their VISA credit card line of credit with funds in their Regular Savings Account. The rate on our Regular Savings Secured VISA is 11.8% APR.
N/A 6.50%(2004 and older) 48 mos. Purchase PriceVariable APR* Fixed APR*** Repayment Term Amount Financed N/A 12.80% Revolving up to $10,000EZ Cash Line of Credit: Members can establish an unsecured, open-ended Line of Credit up to $10,000 (based on credit worthiness). Repayment is $25 for every $1000 borrowed.Variable APR* Fixed APR*** Repayment Term Amount Financed 13.75% N/A Revolving up to $10,000Personal Loans: Members can borrow up to $10,000 for the purpose of vacation, furniture, or major purchases.Variable APR* Fixed APR*** Repayment Term Amount Financed N/A 10.60% 36 mos. up to $10,000Regular Share/Savings Secured Loans: Members can secure their loans with funds in their Regular Savings Account. The funds in the Regular Savings must remain on deposit until the loan is repaid.
Variable APR* Fixed APR*** Repayment Term Amount Financed N/A 4.50% 60 mos. Determined by acct. fundsShare Certificate Secured Loans: Members can secure their loans with funds in their Share Certificates.The funds in the Share Certificate must remain on deposit until the loan is repaid.Variable APR* Fixed APR*** Repayment Term Amount Financed N/A 3.0% over div. rate 24 mos. Determined by acct. fundsCA$H-Line Home Equity Line of Credit (HELOC): OFCU's HELOC allows the Member to borrow against his/her home's accumulated equity without disturbing his/her savings or other investments. HELOC has low variable interest rates and there are no loan-advance fees, annual fees or points. Members may borrow up to 100% of the appraised or tax value including liens. For rates on Home Equity Loans for over 90% of appraised or tax value including lients, please contact the Credit Union for current rates. Property must be within a 100 mile radius of OFCU. Rate changes are a maximum of 2% per change date with changes to occur annually in January of each year. The interest paid on this loan may be tax deductible. Consult your tax advisor on the deductibility.Variable APR* Fixed APR*** Repayment Term Amount Financed 4.99% N/A 10 yr draw, up to $250,000 - 80% 12 yr payback 6.49% N/A 10 yr draw, up to $250,000 - 90% 12 yr paybackAlso available:Notes:
- Guaranteed Student Loans
- Short and Long Term Mortgage Loans
- Second Mortgage Loans
Other terms may be available, contact Omaha Federal Credit Union for information.
The total credit limits of Credit Card, Personal Installment and Line of Credit may not exceed $15,000.
Symbols:
* Variable APR= Variable Annual Percentage Rate
APR=Annual Percentage Rate. This is an Introductory Rate through December 31, 2008, then will increase to our current rate. As of April 1, 2008, our current rate on our Ca$h Line Home Equity Line of Credit was 6.25%. The Annual Percentage Rate will then change during the term of the loan if the Omaha Federal Credit Union Board of Directors increases the rate. The amount and frequency of change is at the discretion of the board of Directors. The rate will never be higher than 18%, or the maximum rate permitted by state law, whichever is less. The rate will never be lower than 5.0%. The rate cannot increase or decrease more than 2% each change date. Any interest rate increases will result in more payments of the same amount until what you owe has been repaid. Loan Example: If your loan was for 7% for 36 months and the rate increased to 8% in one year, you would have to make one additional payment.
** Variable APR= Variable Annual Percentage Rate
The ANNUAL PERCENTAGE RATE of interest imposed on variable loans can be increased or decreased by the Omaha Federal Credit Union Board of Directors based upon our cost of doing business. The CA$H-Line Home Equity Loan rate is based on the Prime Rate plus 1.25% and can change accordingly. No minimum or maximum rate is in effect, except that no rate will exceed the legal permissible rate. Increases in the rate charged will have the effect of adding payments to the loan, and decreases will reduce the number of payments.
*** Fixed APR= Fixed Annual Percentage Rate
For more information please dial (402) 399-9001 within Omaha, use our instate or out-of-state toll-free number, 1-800-660-7350, or E-mail us at: lynnbowers@omahafcu.org.
Rates Effective 06/01/2008
HOME MORTAGE DISCLOSURE ACT NOTICE
The HMDA data about our residential mortgage lending is available for review. The data shows geographic distribution of loans and applications; race, gender, and income of applicants and borrowers; and information about loan approvals and denials. Inquire at the Omaha Federal Credit Union office regarding the locations where HMDA data may be inspected. To receive a copy send a written request to: Omaha Federal Credit Union, Attn: Lynn Bowers, 3001 South 82nd Ave., Omaha NE 68124.
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