Home Equity Line of Credit

*APR = Annual Percentage 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 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%. On Credit Builder Home Equity Loans, the rate shall be determined by using the Index plus a margin of 6.5% 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%.

NOTE: The consequences of non-payment must be given careful consideration when securing a loan with your home. Please borrow responsibly. Property financed must be in Arizona.

**For members with approved credit. Minimum loan advance of $10,000 required. There are no prepayment penalties; however, early payoffs, prior to two years from date of loan or loan extension, will result in a forfeiture of the waived loan processes fees, which will become due at time of payoff. Offer good through December 31, 2019.