Summer Loan Rate Melt Down

Personal/Unsecured Loans & Lines of Credit (excluding credit cards)
Maximum Amount of Loan:	$30,000
Minimum Amount of Loan:	$500
Term of Loan:	up to 84 months
Interest Rate Maximum:	8.99%
Interest Rate Minimum:	6.99% with Advantage Pricing
*Rates are subject to Lender's credit criteria, certain conditions, and restrictions apply. Rate of 6.99% APR requires Advantage Pricing. Without Advantage Pricing the interest rate will be 8.99% APR. Loan term is a maximum of 84 months; maximum loan amount is $30,000.00. Automatic payment deduction from a PFCU account is required for all loans. For terms and conditions of Advantage Pricing, see www.palisadesfcu.org  under “Terms of Use.”

Credit Card Balance Transfers
Maximum Amount of Loan:	$30,000
Minimum Amount of Loan:	$500
Term of Loan:	Open
Interest Rate Maximum:	17.80%
Interest Rate Minimum:	5.00%
*Subject to credit approval for each applicant. Rates are subject to Lender's credit criteria and certain conditions and restrictions may apply. See credit card agreement at www.palisadesfcu.org under “Terms of Use” for more details. Only variable interest rate credit cards are offered with rewards. Non-variable rate credit cards are not offered with rewards.The Prime Rate used to determine the APRs for each billing cycle is determined by the Prime Rate on the last business day of each calendar month of each year as published in The Wall Street Journal "Money Rates" table to which we add a margin. As an example, the margin range for the variable APR for Purchases and Balance Transfers is between 5.55% and 13.55%. On 7/1/10, the Prime Rate applicable using this formula was 3.25%.

 

Home Equity Lines of Credit:
Maximum Amount of Loan:	$500,000
Minimum Amount of Loan:	$10,000
Maximum Term of Loan:	15 years
Interest Rate Maximum:	15% (Prime – 1.5%)
Interest Rate Minimum:	1.99% (Through special promotion)
*Annual Percentage Rate (APR) of 1.99% is fixed for the first 12 months, followed by a variable rate based on The Wall Street Journal Prime Rate minus 1.50%. Prime as of 7/1/10 was 3.25%. A Home Equity Line of Credit (HELOC) is secured by a first or second mortgage, which must be residential 1-4 unit dwellings, condos or Planned Urban Developments (PUD). Offer applies only to properties located in NY, NJ, CT, PA & MA. Combined Loan-to-value ratio is 70%. Principal and interest payments required. Required minimum initial draw at closing is 50% of the approved credit limit. Rate will remain at Prime minus 1.50% for the life of the loan unless during the first 36 months of the loan, if the member ceases automatic deduction from a PFCU checking account or the outstanding balance falls below 25% of the line of credit, then the rate will change to Prime minus 0.10% and a fee of 3% of the credit line will be imposed. Loans subject to credit approval. HELOCs do not qualify for Advantage Pricing. For terms and conditions of Advantage Pricing, see www.palisadesfcu.org under "Terms of Use". Other conditions and restrictions may apply; offer is subject to change. Applies to new loans only. For APR of 1.99% and 3.50%,180 monthly payments of $6.44 and $7.15 respectively, per $1,000 borrowed.  Subject to Credit Union’s attorney’s approval of title issues. Loan may note be self-amortizing. Homeowner’s Insurance is required at Borrower’s expense naming Palisades Federal Credit Union.  Certain properties require flood insurance at Borrower’s expense.  Title insurance for amount of loan is required at Borrower’s expense.

 

Home Equity Loans:
Maximum Amount of Loan:	$500,000
Minimum Amount of Loan:	$5,000
Maximum Term of Loan:	up to 15 years.  Loan may not be self-amortizing.
Interest Rate Maximum:	15%
Interest Rate Minimum:	5.00%
Offer applies only to properties located in NY, NJ, CT, PA & MA. Subject to Credit Union’s attorney’s approval of title issues. The loan must be on residential properties, 1-4 unit dwellings, condos or Planned Unit Developments (PUD). Homeowner’s Insurance is required at Borrower’s expense naming Palisades Federal Credit Union.  Certain properties require flood insurance at Borrower’s expense.  Title insurance for amount of loan is required at Borrower’s expense.

First Mortgages:
Maximum Amount of Loan:	$500,000
Minimum Amount of Loan:	$25,000
Term of Loan:	15 years, 20 years or 30years
Interest Rate Maximum:	Rates will be determined at time of application.
Interest Rate Minimum:	Rates will be determined at time of application.
Offer applies only to properties located in NY, NJ, CT, PA & MA. Subject to Credit Union’s attorney’s approval of title issue. The loan must be on residential properties, 1-4 unit dwellings, condos or Planned Unit Developments (PUD). Homeowner’s Insurance is required at Borrower’s expense naming Palisades Federal Credit Union.  Certain properties require flood insurance at Borrower’s expense.  Borrower pays New York State mortgage tax, recording fees and title insurance for amount of loan.

  
**All offers valid during normal business hours August 19, 2010 through August 31, 2010. All loans are subject to credit approval and are based on credit criteria. Offer is not valid on any loan currently held by Palisades Federal Credit Union. Applications must be submitted by August 31, 2010 and applications will not be considered without all existing loan documents at time of application. No delinquent loans or government student loans are eligible for this offer. Membership in Palisades Federal Credit Union is required. If you live, work, worship, or attend school in Rockland County, are at least 18 years of age, a U.S. citizen or a legal alien, you may be eligible to become a member at Palisades Federal Credit Union. Cannot be combined with any other coupons or offers. This Offer is subject to change at anytime and for any reason. Offers are subject to the Terms and Conditions of Palisades Federal Credit Union.