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Credit Union membership is
worth its weight in gold.
Now if you live, work, worship or go to
school in Tucson, Arizona, you can join
Hughes Federal Credit Union!
Call 794-JOIN!
 

 
 

LOAN ANNUAL PERCENTAGE RATES
Click here to apply.

Effective April 1, 2008

TYPE OF LOAN
Annual Percentage Rate*
Daily Periodic Rate
Share Pledge    
Main Share (2.5% above last dividend declared)   3.80% NEW .00010411
High Yield Pledge (2.0% above last dividend declared)   4.75% NEW .00013014
Premium Yield Pledge(2.0% above last dividend declared)   5.80% NEW .00015890
Term Share Account Pledge (3.0% above last dividend declared) Call for current rates
Car & Truck, New & Used    
Adjustable Rate, Up to 72 Months   5.00% NEW .00013699
Fixed Rate, Up to 72 Months   5.75% NEW .00015753
Adjustable Rate, Up to 84 Months   6.00% NEW .00016438
Fixed Rate, Up to 84 Months   6.75% NEW .00018493
First Mortgage Loans Call for current rates
Real Estate    
** Home Equity (<80% Loan-to-Value)   7.50% NEW .00020548
** Home Equity (>80% Loan-to-Value)   8.50% NEW .00023288
*** Home Equity (5 year, adjustable)   9.00% NEW .00024658
Fixed Rate Home Equity   7.50% NEW  .00020548
Real Estate - Unimproved Property   7.50% NEW  .00020548
Rental/Vacation Property   9.50% NEW .00026027
Manufactured/Mobile Home: New & Used    
Adjustable Rate   7.25% NEW .00019863
Fixed Rate   8.00% NEW .00021918
Motor Home/Park Model, New & Used    
Adjustable Rate   6.75% .00018493
Fixed Rate   7.50% .00020548
Motorcycle/ATV, New & Used    
Adjustable Rate   5.75% NEW .00015753
Fixed Rate   6.50% NEW .00017808
Adjustable Rate, 84 Month   6.75% NEW .00018493
Fixed Rate, 84 Month   7.50% NEW .00020548
Special Collateral/Recreational Loan    
Aircraft, Camper or Travel Trailer, Marine (Boat, Boat Trailer, etc.), Computer, and Musical Instrument    
Adjustable Rate   7.25% NEW .00019863
Fixed Rate   8.00% NEW .00021918
Visa (Platinum) ****   9.50% .00026027
Visa (Gold) **** 11.95% .00032740
Visa (Classic) **** 12.50% .00034247
Unsecured:    
Line of Credit and Signature 13.45% .00036849
Primary Checking Line of Credit 16.99% .00046548
Summer Holiday Loan (seasonal),
Fixed Rate
  9.50% .00026027
Credit Builder Loan:    
Home Equity, Fixed 10.75% .00029452
Secured, Fixed 11.50% .00031507
Unsecured, Fixed 14.50% .00039726

* All rates are adjustable except where indicated as a fixed rate. Rates reflect the ANNUAL PERCENTAGE RATE (APR) and are effective 
April 1, 2008 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. The account holder may apply for a rate reduction back to the current prevailing APR after the account is paid as agreed according to the terms of the Credit Card Agreement for twelve (12) consecutive months and the account remains at this higher rate for a minimum of one year.

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.

We do business in accordance with the Federal Fair Housing and Equal Credit Opportunity Act. 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.

Credit Life and Credit Disability Insurance is offered by the Credit Union for qualified members for most loans. For more information, click here.

The Credit Union offers low cost Guaranteed Asset Protection (GAP). Click here to read more about GAP. To be able to view GAP Advantage Program - New Retail Rates 2-13-08, click here.

Find out more:

  • Products and Service Fees
  • Investment Services

    Ask about our Credit Builder Loan or First Time Vehicle Buyer's Program for FICO scores of 580 and below.

    updated by CH on 04/01/2008


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    Tucson, Arizona


       P.O. Box 11900
       Tucson, AZ 85734-1900
       520-794-8341 (Tucson)
       800-253-8245 (U.S.)
       FAX 520-806-3131

     
     
     
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