MidSouth Federal Credit Union

  • Contact Us
  • About MidSouth
  • Your Privacy

News

Like all credit unions, MidSouth Federal Credit Union mails a quarterly newsletter to members. Learn More >

Loan Rates

Loan Rates effective as of January 4, 2007

Rates listed are our best rates based on approved credit. Actual interest offered may be higher depending on applicant's credit rating and other underwriting factors.

Fixed Rate Consumer Loans

Loan Type Term Loan Conditions *APR
New Vehicles 36 Months 100% Financing 6.00%
Untitled Autos 48 Months 6.25%
With Less Than 10K Miles 60 Months 6.50%
(72 months > $25,000) 72 Months 7.75%
Used Auto (1-4 Years) 36 Months 100% Financing 6.25%
48 months 48 Months 6.50%
60 months 60 Months 6.75%
(72 months > $25,000) 72 Months 8.00%
Used Vehicles
(5 years & older)		 48 Months 100% Financing 8.00%
New Boats, Motors & Trailers
(3 Year Old Models)
($25,000 and over)		 60 Months 100% Financing 8.25%
72 Months 9.50%
Used Boats, Motors & Trailers
(4 model years and older)		 36 Months 100% Financing 8.50%
48 Months 9.00%
60 Months 9.50%
New Motorcycles 60 Months 100% Financing 9.75%
72 Months 11.00%
Used Motorcycles
(1-4 year old models)		 36 Months 100% Financing 10.50%
48 Months 11.00%
New 4 Wheelers 60 Months 100% Financing 10.50%
Used 4 Wheelers 48 Months 100% Financing 11.00%
New Tractors & Equipment 36 Months 100% Financing 10.25%
48 Months 10.75%
60 Months 11.75%
Recreational Vehicles
(new & used)		 48 Months or less 100% Financing 7.25%
Available for $25,000 to 40,000 60 Months 7.50%
Available for $40,000 to $100,000 72 Months 7.75%
Available for amounts over $100,000 120 Months 7.95%
180 Months 12.00%
Computer Loans 24 Months 100% Financing 8.25%
36 Months 9.25%
Miscellaneous Loans
(to include Furniture and Appliances)		 36 Months 100% Financing 11.75%
48 Months 12.00%
Signature Loans
(Loanliner Plans)		 24 Months Minimum Loan $300 12.00%
36 Months 12.50%
PAL/LOC 42 Months   14.50%
Single Payment Note 6 Months   18.00%
Share Loan 48 Months Minimum Loan $300 5.00%
60 Months 6.00%
Certificate Secured Loan Based on TOC** Minimum Loan $300 APY+2.00%

Please note:

  • *APR
    Annual Percentage Rate.
    APR is based on an index. Index is the Prime Rate as published in the Money Rates column of the Wall Street Journal. Rates will vary based on credit score and Loan to Value (LTV). APRs on Adjustable Rate Mortgages (ARM) are subject to change.
  • **TOC
    Terms of Share Certificate (Term matches maturity date of certificate; rate is 2% over the yield)
  • APY
    Annual Percentage Yield
  • Rates are accurate as of the above date and are subject to change.

First Mortgage Loans

Fixed Rate Program As Low As
First Mortgage 180 Months 80% Loan-to-Value 6.50% APR
Mini Real Estate Loan 72 Months 100% Financing 9.75% APR

Please note:

  • APR
    Annual Percentage Rate.
    APR is based on an index. Index is the Prime Rate as published in the Money Rates column of the Wall Street Journal. Rates will vary based on credit score and Loan to Value (LTV). APRs on Adjustable Rate Mortgages (ARM) are subject to change.
  • Rates are accurate as of the above date and are subject to change.

Second Mortgage Loans

Second Mortgage Loans - Adjustable Rate Program As Low As
Home Equity Line of Credit 60 Months 85% Loan-to-Value 7.25% APR
120 Months 85% Loan-to-Value 8.25% APR
180 Months 85% Loan-to-Value 9.25% APR

Please note:

  • APR
    Annual Percentage Rate.
    APR is based on an index. Index is the Prime Rate as published in the Money Rates column of the Wall Street Journal. Rates will vary based on credit score and Loan to Value (LTV). APRs on Adjustable Rate Mortgages (ARM) are subject to change.
  • A home equity loan or line of credit is secured by a first or second mortgage lien on your home, which must be one-to-four family residential real estate.
  • Up to 100% Loan to Value.
  • Cash advance minimum is $1000.
  • No closing cost on HELOCs of $20,000 or greater when the member takes an initial advance of at least $1,000.00.
  • If the member closes or pays off the credit line within 36 months after it is opened, the member agrees to reimburse the credit union for certain fees. The reimbursement will include any fees paid to third parties by MidSouth FCU.
  • Consult your tax advisor concerning the tax deductibility of Home Equity Loans.

Educational Loans

MidSouth Federal Credit Union offers Stafford Student Loans. Call our Member Service Officers at 471-9946 or outside Macon at 1-800-736-8407.