* All rates are adjustable except where indicated as a fixed rate. Rates reflect the ANNUAL PERCENTAGE RATE (APR) and are effective July 1, 2010 until adjusted by the Hughes Federal Credit Union Board of Directors. The maximum APR, for any type of loan, shall not exceed the limit set by applicable law(s). The loan rate will be the rate in effect when the loan is completed.

** Adjustable Rate: The index is based on the quarterly average of the Wall Street Journal Prime Rate as stated on the first (1st) work day of each month within the calendar quarters beginning with January, April, July and October ("the Index") plus a margin of 1.0% and adjusted upward to the nearest 0.250% on loans with a loan-to-value of 80% or less. On loans with a loan-to-value higher than 80%, the rate shall be determined by using the Index plus a margin of 2.0% and adjusted upward to the nearest 0.250%. On the Credit Builder Home Equity and the Rental/Vacation Property Loans the rate shall be determined by using the Index plus a margin of 3.0% and adjusted upward to the nearest 0.250%. The APR shall be subject to modification and adjustment any quarter hereafter until this loan is fully paid and discharged, and shall not exceed the maximum interest rate "cap" of 18%, whichever is less, and shall not decline below the minimum interest rate of 5%.

*** Five Year, Adjustable Rate Plan: The index is based on the quarterly average of the Wall Street Journal Prime Rate as stated on the first (1st) work day of each month within the calendar quarters beginning with January, April, July and October ("the Index") plus a margin of 2.5%, and adjusted upward to the nearest 0.250%. Rate changes: The APR is fixed for the first 60 months and can change every 60 months. The maximum APR that can apply is 18%. The minimum APR that can apply is 6.5%. Apart from these rate caps there are no limits on the amount by which the rate can change during any 60 month period.

****Penalty pricing will apply if we do not receive the required minimum monthly payment by the payment due date for two (2) consecutive months. The new increased rate of 16.99% APR (including any introductory rate and promotional rate) will apply on any existing and future purchase and cash advance balances. After the account is paid as agreed according to the terms of the Credit Card Agreement for six (6) consecutive months, the rate will be reduced back to the current prevailing APR.

A complete Truth-in-Lending disclosure will be given at the time of application. Main Share/High Yield Pledge loan rates are based upon the last dividend declared due to federal credit union dividend declaration procedures.