OTHER IMPORTANT TERMS AND CONDITIONS. All terms, including fees and the APRs for new transactions, may change after account opening in accordance with the Agreement and applicable law. BECU CONSUMER LENDING RATES & RELATED DISCLOSURES Important Loan Terms and Conditions BECU membership required. Rates are based on an evaluation of credit history and other factors specific to your loan (such as loan term, age of collateral, occupancy of collateral property, combined loan-to-value, lien status, loan amount, region as applicable) and may be higher than the lowest rates advertised. Your final APR may differ from your loan interest rate due to additional fees that may apply. Auto Loan Lowest rates advertised are based on an established member’s loan with a term of 48 months or less and LTV of 90% or less. Rates are higher for LTV over 90% or terms greater than 48 months. Collateral not to exceed 150,000 in mileage. LTV is based on Xxxxxx Blue Book wholesale or dealer invoice. Terms up to 84 months. Boat Available terms and loan amounts based on creditworthiness. Maximum terms up to 240 months and down payments vary 20% – 30% depending on loan amount and term. RV Available terms and loan amounts based on creditworthiness. Maximum terms up to 240 months depending on loan amount and higher loan amounts and longer terms require 10% – 20% down payment. LTV based on X.X. Power average retail or MSRP. Gas RVs not to exceed 75,000 miles; no mileage restrictions on diesel. Motorcycle/Sports Vehicle Minimum down payment 10%; loan amounts up to $25,000; terms up to 72 months. New motorcycle LTV based on Xxxxxx Blue Book retail or MSRP. New sports vehicle LTV based on Xxxxxx Blue Book retail or MSRP. Used motorcycle and sports vehicle LTV based on Xxxxxx Blue Book retail. Personal Loan Available terms and loan amounts based on creditworthiness. Loan amounts up to $15,000, terms up to 72 months. Share Secured Loan – Variable After account opening, APR may vary based on changes in the dividend/interest rate on your BECU shares declared by the BECU Board of Directors for your specifically pledged account. Loan amounts up to $10,000, term up to 48 months. CD Secured Loan amounts up to balance of CD, term up to maturity date of CD. Home Equity and Home Improvement Loans Home Equity Lines of Credit Requirements and Terms: Primary Residence, Second Home and Vacation Home properties must be located in one of the following states: WA, OR, CA, AZ, KS, MO, ID, IL, PA and SC. Rental and Investment properties must be located in the State of Washington. Home Equity Line of Credit APRs do not include costs and rate may vary monthly with the Prime Rate, but will never exceed 18% or go below 3.25%. During the credit advance draw period, payments equal monthly payments of interest, subject to lesser of $100 or your balance and principal is not reduced. At the end of the draw period, your monthly payment will increase equal to the principal and interest amount necessary to pay the loan balance over the remainder of the loan term. Home Equity Line of Credit Account Fixed Rate Advances provide for up to 15 years of monthly principal and interest payments, depending on the amount advanced. Fixed Rate Advances are subaccounts of a Home Equity Line of Credit (HELOC). Fees and Charges: Borrower will not be required to pay any fees or charges to BECU for opening a HELOC account (for example, no origination fee, and no fees to reimburse BECU for obtaining title insurance and an appraisal or other property valuation), but Borrower will be obligated to pay insurance premiums directly to an insurance company that the Borrower chooses to provide hazard insurance for the subject property (including flood insurance, if applicable) and Borrower additionally may elect to request that third parties perform services, such as overnight delivery of documents to Borrower, for which Xxxxxxxx will need to reimburse BECU. If the title report shows liens, judgments, deceased owners or other title issues, or if the appraisal report shows problems with the subject property, Borrower may be required to pay third parties to subordinate or otherwise resolve such title issues and/or to repair or otherwise resolve such subject property problems. Borrower must pay for optional services (e.g., retaining an attorney not required to open a HELOC). In South Carolina, where the law requires use of an attorney, BECU will be solely responsible for paying all attorney’s fees and costs necessary to open the HELOC, and will perform this responsibility fully by paying all reasonable attorney’s fees and costs related specifically to the closing based on rates typically charged by attorneys in the local market for the closing of similar HELOC transactions. Borrower will be responsible for paying state and local taxes, “Payment by Phone” fees, and fees for reconveyance or mortgage satisfaction, late payments, and subordination of similar change. Borrower must pay all charges related to any existing loan paid off by the new BECU HELOC (e.g., a prepayment penalty or payoff demand fee imposed by a previous lender). Xxxxxxxx also must pay per diem interest. Terms and conditions are subject to change without notice. Home Improvement Loan (not secured by property) This Home Improvement loan is not secured by property and must be used to modify a dwelling. Loan amounts up to $25,000, terms up to 84 months. Statement of the Military Annual Percentage Rate (MAPR) Federal law provides important protections to members of the Armed Forces and their dependents relating to extensions of consumer credit. In general, the cost of consumer credit to a member of the Armed Forces and his or her dependent may not exceed an annual percentage rate of 36 percent. This rate must include, as applicable to the credit transaction or account: The costs associated with credit insurance premiums; fees for ancillary products sold in connection with the credit transaction; any application fee charged (other than certain application fees for specified credit transactions or accounts); and any participation fee charged (other than certain participation fees for a credit card account). Please call 000-000-0000 for more information. BECU CONSUMER LENDING RATES & RELATED DISCLOSURES – CREDIT CARDS Boeing Employees’ Credit Union (BECU) is one of the nation’s leading not-for-profit credit unions. We are committed to offering better rates, fewer fees and more affordable financial services. Learn more at xxxx.xxx. Rate Schedule Effective July 1, 2021 BECU Cash Back Visa® INTEREST RATES AND INTEREST CHARGES Annual Percentage Rate (APR) for Purchases Your APR will be 10.99% to 21.99%, based on your creditworthiness. This APR will vary with the market based on the Prime Rate. APR for Balance Transfers Your APR will be 10.99% to 21.99%, based on your creditworthiness. This APR will vary with the market based on the Prime Rate. APR for Cash Advances 10.99% to 21.99%, based on your creditworthiness. This APR will vary with the market based on the Prime Rate. How to Avoid Paying Interest on Purchases Your due date is at least 23 days after the close of each billing cycle. We will not charge you interest on purchases if you pay your entire balance by the due date each month. For Credit Card Tips from the Consumer Financial Protection Bureau To learn more about factors to consider when applying for or using a credit card, visit the website of the Consumer Financial Protection Bureau at xxx.xxxxxxxxxxxxxxx.xxx/xxxxxxxxx FEES Annual Fee None Transaction Fees Balance Transfer Cash Advance Foreign Transaction None None None Penalty Fees Late Payment Returned Payment Up to $25 Up to $25 How We Will Calculate Your Balance We use a method called “average daily balance (including new purchases).” See your Agreement for more details. How We Will Calculate Your Rate We will establish a margin of 7.74% to 18.74% based on your creditworthiness, and add this margin to the Prime Rate to determine your APR. Your APR and margin will be stated in a Credit Voucher provided to you if you open a credit card account under your Credit and Security Agreement.

Appears in 2 contracts

Samples: Credit And, Credit And

OTHER IMPORTANT TERMS AND CONDITIONS. All terms, including fees and the APRs for new transactions, may change after account opening in accordance with the Agreement and applicable law. BECU CONSUMER LENDING RATES & RELATED DISCLOSURES Important Loan Terms and Conditions BECU membership required. Rates are based on an evaluation of credit history and other factors specific to your loan (such as loan term, age of collateral, occupancy of collateral property, combined loan-to-value, lien status, loan amount, region as applicable) and may be higher than the lowest rates advertised. Your final APR may differ from your loan interest rate due to additional fees that may apply. Auto Loan Lowest rates advertised are based on an established member’s loan with a term of 48 60 months or less and LTV of 90% or less. Rates are higher for LTV over 90% or terms greater than 48 60 months. Collateral not to exceed 150,000 in mileage. LTV is based on Xxxxxx Blue Book wholesale or dealer invoice. Terms up to 84 months. Boat Available terms and loan amounts based on creditworthiness. Maximum terms up to 240 months and down payments vary 20% – 30% depending on loan amount and term. RV Available terms and loan amounts based on creditworthiness. Maximum terms up to 240 months depending on loan amount and higher loan amounts and longer terms require 10% – 20% down payment. LTV based on X.X. Power average retail or MSRP. Gas RVs not to exceed 75,000 miles; no mileage restrictions on diesel. Motorcycle/Sports Vehicle Minimum down payment 10%; loan amounts up to $25,000; terms up to 72 months. New motorcycle LTV based on Xxxxxx Blue Book retail or MSRP. New sports vehicle LTV based on Xxxxxx Blue Book retail or MSRP. Used motorcycle and sports vehicle LTV based on Xxxxxx Blue Book retail. Personal Loan Available terms and loan amounts based on creditworthiness. Loan amounts up to $~~15,000~~30,000, terms up to 72 months. Share Secured Loan ~~– Variable After~~ APR is fixed to equal the sum of BECU’s regular saving account ~~opening, APR may vary based on changes in the dividend/interest~~ dividend rate on the date your ~~BECU shares declared by the BECU Board of Directors for your specifically pledged account~~loan is approved, plus a 3% margin. Loan amounts up to $10,000, term up to 48 months. CD Secured Loan amounts up to balance of CD, term up to maturity date of CD. Home Equity and Home Improvement Loans Home Equity Lines of Credit Requirements and Terms: Primary Residence, Second ~~Home~~ Home, Vacation Home, Investment and ~~Vacation Home~~ Rental properties must be located in one of the following states: WA, OR, CA, AZ, KS, MO, ID, IL, PA and SC~~. Rental and Investment properties must be located in the State of Washington~~. Home Equity Line of Credit APRs do not include costs and rate may vary monthly with the Prime Rate, but will never exceed 18% or go below 3.25%. During the credit advance draw period, payments equal monthly payments of interest, subject to lesser of $100 or your balance and principal is not reduced. At the end of the draw period, your monthly payment will increase equal to the principal and interest amount necessary to pay the loan balance over the remainder of the loan term. Home Equity Line of Credit Account Fixed Rate Advances provide for up to 15 years of monthly principal and interest payments, depending on the amount advanced. Fixed Rate Advances are subaccounts of a Home Equity Line of Credit (HELOC). Fees and Charges: Borrower will not be required to pay any fees or charges to BECU for opening a HELOC account (for example, no origination fee, and no fees to reimburse BECU for obtaining title insurance and an appraisal or other property valuation), but Borrower will be obligated to pay insurance premiums directly to an insurance company that the Borrower chooses to provide hazard insurance for the subject property (including flood insurance, if applicable) and Borrower additionally may elect to request that third parties perform services, such as overnight delivery of documents to Borrower, for which Xxxxxxxx will need to reimburse BECU. If the title report shows liens, judgments, deceased owners or other title issues, or if the appraisal report shows problems with the subject property, Borrower may be required to pay third parties to subordinate or otherwise resolve such title issues and/or to repair or otherwise resolve such subject property problems. Borrower must pay for optional services (e.g., retaining an attorney not required to open a HELOC). In South Carolina, where the law requires use of an attorney, BECU will be solely responsible for paying all attorney’s fees and costs necessary to open the HELOC, and will perform this responsibility fully by paying all reasonable attorney’s fees and costs related specifically to the closing based on rates typically charged by attorneys in the local market for the closing of similar HELOC transactions. Borrower will be responsible for paying state and local taxes, “Payment by Phone” fees, and fees for reconveyance or mortgage satisfaction, late payments, and subordination of similar change. Borrower must pay all charges related to any existing loan paid off by the new BECU HELOC (e.g., a prepayment penalty or payoff demand fee imposed by a previous lender). Xxxxxxxx also must pay per diem interest. Terms and conditions are subject to change without notice. Home Improvement Loan (not secured by property) This Home Improvement loan is not secured by property and must be used to modify a dwelling. Loan amounts up to $~~25,000~~35,000, terms up to 84 months. Statement of the Military Annual Percentage Rate (MAPR) Federal law provides important protections to members of the Armed Forces and their dependents relating to extensions of consumer credit. In general, the cost of consumer credit to a member of the Armed Forces and his or her dependent may not exceed an annual percentage rate of 36 percent. This rate must include, as applicable to the credit transaction or account: The costs associated with credit insurance premiums; fees for ancillary products sold in connection with the credit transaction; any application fee charged (other than certain application fees for specified credit transactions or accounts); and any participation fee charged (other than certain participation fees for a credit card account). Please call 000-000-0000 for more information. BECU CONSUMER LENDING RATES & RELATED DISCLOSURES – –CREDIT CARDS Boeing Employees’ Credit Union (BECU) is one of the nation’s leading not-for-profit credit unions. We are committed to offering better rates, fewer fees and more affordable financial services. Learn more at xxxx.xxx. Rate Schedule Effective ~~July~~ May 1, ~~2021~~ 2024 BECU Cash Back Visa® INTEREST RATES AND INTEREST CHARGES Annual Percentage Rate (APR) for Purchases Your APR will be ~~10.99~~16.24% to ~~21.99~~27.24%, based on your creditworthiness. This APR will vary with the market based on the Prime Rate. APR for Balance Transfers Your APR will be ~~10.99~~16.24% to ~~21.99~~27.24%, based on your creditworthiness. This APR will vary with the market based on the Prime Rate. APR for Cash Advances ~~10.99~~16.24% to ~~21.99~~27.24%, based on your creditworthiness. This APR will vary with the market based on the Prime Rate. How to Avoid Paying Interest on Purchases Your due date is at least 23 days after the close of each billing cycle. We will not charge you interest on purchases if you pay your entire balance by the due date each month. For Credit Card Tips from the Consumer Financial Protection Bureau To learn more about factors to consider when applying for or using a credit card, visit the website of the Consumer Financial Protection Bureau at xxx.xxxxxxxxxxxxxxx.xxx/xxxxxxxxx FEES Annual Fee None Transaction Fees Balance Transfer Cash Advance Foreign Transaction None None None Penalty Fees Late Payment Returned Payment Up to $25 Up to $25 How We Will Calculate Your Balance We use a method called “average daily balance (including new purchases).” See your Agreement for more details. How We Will Calculate Your Rate We will establish a margin of 7.74% to 18.74% based on your creditworthiness, and add this margin to the Prime Rate to determine your APR. Your APR and margin will be stated in a Credit Voucher provided to you if you open a credit card account under your Credit and Security Agreement.

Appears in 2 contracts

Samples: Becu Credit and Security Agreement, Becu Credit and Security Agreement

OTHER IMPORTANT TERMS AND CONDITIONS. All terms, including fees and the APRs for new transactions, may change after account opening in accordance with the Agreement and applicable law. BECU CONSUMER LENDING RATES & RELATED DISCLOSURES Important Loan Terms and Conditions BECU membership required. Rates are based on an evaluation of credit history and other factors specific to your loan (such as loan term, age of collateral, occupancy of collateral property, combined loan-to-value, lien status, loan amount, region as applicable) and may be higher than the lowest rates advertised. Your final APR may differ from your loan interest rate due to additional fees that may apply. Auto Loan Lowest rates advertised are based on an established member’s loan with a term of 48 months or less and LTV of 90% or less. Rates are higher for LTV over 90% or terms greater than 48 months. Collateral not to exceed 150,000 in mileage. LTV is based on Xxxxxx Blue Book wholesale or dealer invoice. Terms up to 84 months. Boat Available terms and loan amounts based on creditworthiness. Maximum terms up to 240 months and down payments vary 20% – 30% depending on loan amount and term. RV Available terms and loan amounts based on creditworthiness. Maximum terms up to 240 months depending on loan amount and higher loan amounts and longer terms require 10% – 20% down payment. LTV based on X.X. Power average retail or MSRP. Gas RVs not to exceed 75,000 miles; no mileage restrictions on diesel. Motorcycle/Sports Vehicle Minimum down payment 10%; loan amounts up to $25,000; terms up to 72 months. New motorcycle LTV based on Xxxxxx Blue Book retail or MSRP. New sports vehicle LTV based on Xxxxxx Blue Book retail or MSRP. Used motorcycle and sports vehicle LTV based on Xxxxxx Blue Book retail. Personal Loan Available terms and loan amounts based on creditworthiness. Loan amounts up to $15,000, terms up to 72 months. Share Secured Loan – ~~Variable After~~ Fixed APR is fixed to equal the sum of BECU’s regular saving account ~~opening, APR may vary based on changes in the dividend/interest~~ dividend rate on the date your ~~BECU shares declared by the BECU Board of Directors for your specifically pledged account~~loan is approved, plus a 3% margin. Loan amounts up to $10,000, term up to 48 months. CD Secured Loan amounts up to balance of CD, term up to maturity date of CD. Home Equity and Home Improvement Loans Home Equity Lines of Credit Requirements and Terms: Primary Residence, Second Home and Vacation Home properties must be located in one of the following states: WA, OR, CA, AZ, KS, MO, ID, IL, PA and SC. Rental and Investment properties must be located in the State of Washington. Home Equity Line of Credit APRs do not include costs and rate may vary monthly with the Prime Rate, but will never exceed 18% or go below 3.25%. During the credit advance draw period, payments equal monthly payments of interest, subject to lesser of $100 or your balance and principal is not reduced. At the end of the draw period, your monthly payment will increase equal to the principal and interest amount necessary to pay the loan balance over the remainder of the loan term. Home Equity Line of Credit Account Fixed Rate Advances provide for up to 15 years of monthly principal and interest payments, depending on the amount advanced. Fixed Rate Advances are subaccounts of a Home Equity Line of Credit (HELOC). Fees and Charges: Borrower will not be required to pay any fees or charges to BECU for opening a HELOC account (for example, no origination fee, and no fees to reimburse BECU for obtaining title insurance and an appraisal or other property valuation), but Borrower will be obligated to pay insurance premiums directly to an insurance company that the Borrower chooses to provide hazard insurance for the subject property (including flood insurance, if applicable) and Borrower additionally may elect to request that third parties perform services, such as overnight delivery of documents to Borrower, for which Xxxxxxxx will need to reimburse BECU. If the title report shows liens, judgments, deceased owners or other title issues, or if the appraisal report shows problems with the subject property, Borrower may be required to pay third parties to subordinate or otherwise resolve such title issues and/or to repair or otherwise resolve such subject property problems. Borrower must pay for optional services (e.g., retaining an attorney not required to open a HELOC). In South Carolina, where the law requires use of an attorney, BECU will be solely responsible for paying all attorney’s fees and costs necessary to open the HELOC, and will perform this responsibility fully by paying all reasonable attorney’s fees and costs related specifically to the closing based on rates typically charged by attorneys in the local market for the closing of similar HELOC transactions. Borrower will be responsible for paying state and local taxes, “Payment by Phone” fees, and fees for reconveyance or mortgage satisfaction, late payments, and subordination of similar change. Borrower must pay all charges related to any existing loan paid off by the new BECU HELOC (e.g., a prepayment penalty or payoff demand fee imposed by a previous lender). Xxxxxxxx also must pay per diem interest. Terms and conditions are subject to change without notice. Home Improvement Loan (not secured by property) This Home Improvement loan is not secured by property and must be used to modify a dwelling. Loan amounts up to $25,000, terms up to 84 months. Statement of the Military Annual Percentage Rate (MAPR) Federal law provides important protections to members of the Armed Forces and their dependents relating to extensions of consumer credit. In general, the cost of consumer credit to a member of the Armed Forces and his or her dependent may not exceed an annual percentage rate of 36 percent. This rate must include, as applicable to the credit transaction or account: The costs associated with credit insurance premiums; fees for ancillary products sold in connection with the credit transaction; any application fee charged (other than certain application fees for specified credit transactions or accounts); and any participation fee charged (other than certain participation fees for a credit card account). Please call 000-000-0000 for more information. BECU CONSUMER LENDING RATES & RELATED DISCLOSURES – –CREDIT CARDS Boeing Employees’ Credit Union (BECU) is one of the nation’s leading not-for-profit credit unions. We are committed to offering better rates, fewer fees and more affordable financial services. Learn more at xxxx.xxx. Rate Schedule Effective ~~July~~ October 1, 2021 BECU Cash Back Visa® INTEREST RATES AND INTEREST CHARGES Annual Percentage Rate (APR) for Purchases Your APR will be 10.99% to 21.99%, based on your creditworthiness. This APR will vary with the market based on the Prime Rate. APR for Balance Transfers Your APR will be 10.99% to 21.99%, based on your creditworthiness. This APR will vary with the market based on the Prime Rate. APR for Cash Advances 10.99% to 21.99%, based on your creditworthiness. This APR will vary with the market based on the Prime Rate. How to Avoid Paying Interest on Purchases Your due date is at least 23 days after the close of each billing cycle. We will not charge you interest on purchases if you pay your entire balance by the due date each month. For Credit Card Tips from the Consumer Financial Protection Bureau To learn more about factors to consider when applying for or using a credit card, visit the website of the Consumer Financial Protection Bureau at xxx.xxxxxxxxxxxxxxx.xxx/xxxxxxxxx FEES Annual Fee None Transaction Fees Balance Transfer Cash Advance Foreign Transaction None None None Penalty Fees Late Payment Returned Payment Up to $25 Up to $25 How We Will Calculate Your Balance We use a method called “average daily balance (including new purchases).” See your Agreement for more details. How We Will Calculate Your Rate We will establish a margin of 7.74% to 18.74% based on your creditworthiness, and add this margin to the Prime Rate to determine your APR. Your APR and margin will be stated in a Credit Voucher provided to you if you open a credit card account under your Credit and Security Agreement.

Appears in 2 contracts

Samples: Credit And, Credit And

OTHER IMPORTANT TERMS AND CONDITIONS. All terms, including fees and the APRs for new transactions, may change after account opening in accordance with the Agreement and applicable law. BECU CONSUMER LENDING RATES & RELATED DISCLOSURES Important Loan Terms and Conditions BECU membership required. Rates are based on an evaluation of credit history and other factors specific to your loan (such as loan term, age of collateral, occupancy of collateral property, combined loan-to-value, lien status, loan amount, region as applicable) and may be higher than the lowest rates advertised. Your final APR may differ from your loan interest rate due to additional fees that may apply. Auto Loan Lowest rates advertised are based on an established member’s loan with a term of 48 60 months or less and LTV of 90% or less. Rates are higher for LTV over 90% or terms greater than 48 60 months. Collateral not to exceed 150,000 in mileage. LTV is based on Xxxxxx Blue Book wholesale or dealer invoice. Terms up to 84 months. Boat Available terms and loan amounts based on creditworthiness. Maximum terms up to 240 months and down payments vary 20% – 30% depending on loan amount and term. RV Available terms and loan amounts based on creditworthiness. Maximum terms up to 240 months depending on loan amount and higher loan amounts and longer terms require 10% – 20% down payment. LTV based on X.X. Power average retail or MSRP. Gas RVs not to exceed 75,000 miles; no mileage restrictions on diesel. Motorcycle/Sports Vehicle Minimum down payment 10%; loan amounts up to $25,000; terms up to 72 months. New motorcycle LTV based on Xxxxxx Blue Book retail or MSRP. New sports vehicle LTV based on Xxxxxx Blue Book retail or MSRP. Used motorcycle and sports vehicle LTV based on Xxxxxx Blue Book retail. Personal Loan Available terms and loan amounts based on creditworthiness. Loan amounts up to $~~15,000~~30,000, terms up to 72 months. Share Secured Loan ~~– Variable After~~ APR is fixed to equal the sum of BECU’s regular saving account ~~opening, APR may vary based on changes in the dividend/interest~~ dividend rate on the date your ~~BECU shares declared by the BECU Board of Directors for your specifically pledged account~~loan is approved, plus a 3% margin. Loan amounts up to $10,000, term up to 48 months. CD Secured Loan amounts up to balance of CD, term up to maturity date of CD. Home Equity and Home Improvement Loans Home Equity Lines of Credit Introductory Rate: Introductory Rate in effect for six months after origination, after which the rate goes up to the applicable variable rate in effect at that time. Requirements and Terms: Primary Residence, Second ~~Home~~ Home, Vacation Home, Investment and ~~Vacation Home~~ Rental properties must be located in one of the following states: WA, OR, CA, AZ, KS, MO, ID, IL, PA and SC~~. Rental and Investment properties must be located in the State of Washington~~. Home Equity Line of Credit APRs do not include costs and rate may vary monthly with the Prime Rate, but will never exceed 18% or go below 3.25%. During the credit advance draw period, payments equal monthly payments of interest, subject to lesser of $100 or your balance and principal is not reduced. At the end of the draw period, your monthly payment will increase equal to the principal and interest amount necessary to pay the loan balance over the remainder of the loan term. Home Equity Line of Credit Account Fixed Rate Advances provide for up to 15 years of monthly principal and interest payments, depending on the amount advanced. Fixed Rate Advances are subaccounts of a Home Equity Line of Credit (HELOC). Fees and Charges: Borrower will not be required to pay any fees or charges to BECU for opening a HELOC account (for example, no origination fee, and no fees to reimburse BECU for obtaining title insurance and an appraisal or other property valuation), but Borrower will be obligated to pay insurance premiums directly to an insurance company that the Borrower chooses to provide hazard insurance for the subject property (including flood insurance, if applicable) and Borrower additionally may elect to request that third parties perform services, such as overnight delivery of documents to Borrower, for which Xxxxxxxx will need to reimburse BECU. If the title report shows liens, judgments, deceased owners or other title issues, or if the appraisal report shows problems with the subject property, Borrower may be required to pay third parties to subordinate or otherwise resolve such title issues and/or to repair or otherwise resolve such subject property problems. Borrower must pay for optional services (e.g., retaining an attorney not required to open a HELOC). In South Carolina, where the law requires use of an attorney, BECU will be solely responsible for paying all attorney’s fees and costs necessary to open the HELOC, and will perform this responsibility fully by paying all reasonable attorney’s fees and costs related specifically to the closing based on rates typically charged by attorneys in the local market for the closing of similar HELOC transactions. Borrower will be responsible for paying state and local taxes, “Payment by Phone” fees, and fees for reconveyance or mortgage satisfaction, late payments, and subordination of similar change. Borrower must pay all charges related to any existing loan paid off by the new BECU HELOC (e.g., a prepayment penalty or payoff demand fee imposed by a previous lender). Xxxxxxxx also must pay per diem interest. Terms and conditions are subject to change without notice. Home Improvement Loan (not secured by property) This Home Improvement loan is not secured by property and must be used to modify a dwelling. Loan amounts up to $~~25,000~~35,000, terms up to 84 months. Statement of the Military Annual Percentage Rate (MAPR) Federal law provides important protections to members of the Armed Forces and their dependents relating to extensions of consumer credit. In general, the cost of consumer credit to a member of the Armed Forces and his or her dependent may not exceed an annual percentage rate of 36 percent. This rate must include, as applicable to the credit transaction or account: The costs associated with credit insurance premiums; fees for ancillary products sold in connection with the credit transaction; any application fee charged (other than certain application fees for specified credit transactions or accounts); and any participation fee charged (other than certain participation fees for a credit card account). Please call 000-000-0000 for more information. BECU CONSUMER LENDING RATES & RELATED DISCLOSURES – –CREDIT CARDS Boeing Employees’ Credit Union (BECU) is one of the nation’s leading not-for-profit credit unions. We are committed to offering better rates, fewer fees and more affordable financial services. Learn more at xxxx.xxx. Rate Schedule Effective ~~July~~ October 1, ~~2021~~ 2023 BECU Cash Back Visa® INTEREST RATES AND INTEREST CHARGES Annual Percentage Rate (APR) for Purchases Your APR will be ~~10.99~~16.24% to ~~21.99~~27.24%, based on your creditworthiness. This APR will vary with the market based on the Prime Rate. APR for Balance Transfers Your APR will be ~~10.99~~16.24% to ~~21.99~~27.24%, based on your creditworthiness. This APR will vary with the market based on the Prime Rate. APR for Cash Advances ~~10.99~~16.24% to ~~21.99~~27.24%, based on your creditworthiness. This APR will vary with the market based on the Prime Rate. How to Avoid Paying Interest on Purchases Your due date is at least 23 days after the close of each billing cycle. We will not charge you interest on purchases if you pay your entire balance by the due date each month. For Credit Card Tips from the Consumer Financial Protection Bureau To learn more about factors to consider when applying for or using a credit card, visit the website of the Consumer Financial Protection Bureau at xxx.xxxxxxxxxxxxxxx.xxx/xxxxxxxxx FEES Annual Fee None Transaction Fees Balance Transfer Cash Advance Foreign Transaction None None None Penalty Fees Late Payment Returned Payment Up to $25 Up to $25 How We Will Calculate Your Balance We use a method called “average daily balance (including new purchases).” See your Agreement for more details. How We Will Calculate Your Rate We will establish a margin of 7.74% to 18.74% based on your creditworthiness, and add this margin to the Prime Rate to determine your APR. Your APR and margin will be stated in a Credit Voucher provided to you if you open a credit card account under your Credit and Security Agreement.

Appears in 2 contracts

Samples: Becu Credit And, Becu Credit And

OTHER IMPORTANT TERMS AND CONDITIONS. All terms, including fees and the APRs for new transactions, may change after account opening in accordance with the Agreement and applicable law. BECU CONSUMER LENDING RATES & RELATED DISCLOSURES Important Loan Terms and Conditions BECU membership required. Rates are based on an evaluation of credit history and other factors specific to your loan (such as loan term, age of collateral, occupancy of collateral property, combined loan-to-value, lien status, loan amount, region as applicable) and may be higher than the lowest rates advertised. Your final APR may differ from your loan interest rate due to additional fees that may apply. Auto Loan Lowest rates advertised are based on an established member’s loan with a term of 48 months or less and LTV of 90% or less. Rates are higher for LTV over 90% or terms greater than 48 months. Collateral not to exceed 150,000 in mileage. LTV is based on Xxxxxx Blue Book wholesale or dealer invoice. Terms up to 84 months. Boat Available terms and loan amounts based on creditworthiness. Maximum terms up to 240 months and down payments vary 20% – 30% depending on loan amount and term. RV Available terms and loan amounts based on creditworthiness. Maximum terms up to 240 months depending on loan amount and higher loan amounts and longer terms require 10% – 20% down payment. LTV based on ~~X.X. Power~~ NADA average retail or MSRP. Gas RVs not to exceed 75,000 miles; no mileage restrictions on diesel. Motorcycle/Sports Vehicle Minimum down payment 10%; loan amounts up to $25,000; terms up to 72 months. New motorcycle LTV based on Xxxxxx Blue Book retail or MSRP. New sports vehicle LTV based on Xxxxxx Blue Book retail or MSRP. Used motorcycle and sports vehicle LTV based on Xxxxxx Blue Book retail. Personal Loan Available terms and loan amounts based on creditworthiness. Loan amounts up to $15,000, terms up to 72 months. Share Secured Loan – Variable After account opening, APR may vary based on changes in the dividend/interest rate on your BECU shares declared by the BECU Board of Directors for your specifically pledged account. Loan amounts up to $10,000, term up to 48 months. CD Secured Loan amounts up to balance of CD, term up to maturity date of CD. Home Equity and Home Improvement Loans Home Equity Lines of Credit Requirements and Terms: Primary Residence, Second Home and Vacation Home properties must be located in one of the following states: WA, OR, CA, AZ, KS, MO, ID, IL, PA and SC. Rental and Investment properties must be located in the State of Washington. Home Equity Line of Credit APRs do not include costs and rate may vary monthly with the Prime Rate, but will never exceed 18% or go below 3.25%. During the credit advance draw period, payments equal monthly payments of interest, subject to lesser of $100 or your balance and principal is not reduced. At the end of the draw period, your monthly payment will increase equal to the principal and interest amount necessary to pay the loan balance over the remainder of the loan term. Home Equity Line of Credit Account Fixed Rate Advances provide for up to 15 years of monthly principal and interest payments, depending on the amount advanced. Fixed Rate Advances are subaccounts of a Home Equity Line of Credit (HELOC). Fees and Charges: Borrower will not be required to pay any fees or charges to BECU for opening a HELOC account (for example, no origination fee, and no fees to reimburse BECU for obtaining title insurance and an appraisal or other property valuation), but Borrower will be obligated to pay insurance premiums directly to an insurance company that the Borrower chooses to provide hazard insurance for the subject property (including flood insurance, if applicable) and Borrower additionally may elect to request that third parties perform services, such as overnight delivery of documents to Borrower, for which Xxxxxxxx will need to reimburse BECU. If the title report shows liens, judgments, deceased owners or other title issues, or if the appraisal report shows problems with the subject property, Borrower may be required to pay third parties to subordinate or otherwise resolve such title issues and/or to repair or otherwise resolve such subject property problems. Borrower must pay for optional services (e.g., retaining an attorney not required to open a HELOC). In South Carolina, where the law requires use of an attorney, BECU will be solely responsible for paying all attorney’s fees and costs necessary to open the HELOC, and will perform this responsibility fully by paying all reasonable attorney’s fees and costs related specifically to the closing based on rates typically charged by attorneys in the local market for the closing of similar HELOC transactions. Borrower will be responsible for paying state and local taxes, “Payment by Phone” fees, and fees for reconveyance or mortgage satisfaction, late payments, and subordination of similar change. Borrower must pay all charges related to any existing loan paid off by the new BECU HELOC (e.g., a prepayment penalty or payoff demand fee imposed by a previous lender). Xxxxxxxx also must pay per diem interest. Terms and conditions are subject to change without notice. Home Improvement Loan (not secured by property) This Home Improvement loan is not secured by property and must be used to modify a dwelling. Loan amounts up to $25,000, terms up to 84 months. Statement of the Military Annual Percentage Rate (MAPR) Federal law provides important protections to members of the Armed Forces and their dependents relating to extensions of consumer credit. In general, the cost of consumer credit to a member of the Armed Forces and his or her dependent may not exceed an annual percentage rate of 36 percent. This rate must include, as applicable to the credit transaction or account: The costs associated with credit insurance premiums; fees for ancillary products sold in connection with the credit transaction; any application fee charged (other than certain application fees for specified credit transactions or accounts); and any participation fee charged (other than certain participation fees for a credit card account). Please call 000-000-0000 for more information. BECU CONSUMER LENDING RATES & RELATED DISCLOSURES – CREDIT CARDS Boeing Employees’ Credit Union (BECU) is one of the nation’s leading not-for-profit credit unions. We are committed to offering better rates, fewer fees and more affordable financial services. Learn more at xxxx.xxx. Rate Schedule Effective ~~July~~ June 1, 2021 BECU Cash Back Visa® INTEREST RATES AND INTEREST CHARGES Annual Percentage Rate (APR) for Purchases Your APR will be 10.99% to 21.99%, based on your creditworthiness. This APR will vary with the market based on the Prime Rate. APR for Balance Transfers Your APR will be 10.99% to 21.99%, based on your creditworthiness. This APR will vary with the market based on the Prime Rate. APR for Cash Advances 10.99% to 21.99%, based on your creditworthiness. This APR will vary with the market based on the Prime Rate. How to Avoid Paying Interest on Purchases Your due date is at least 23 days after the close of each billing cycle. We will not charge you interest on purchases if you pay your entire balance by the due date each month. For Credit Card Tips from the Consumer Financial Protection Bureau To learn more about factors to consider when applying for or using a credit card, visit the website of the Consumer Financial Protection Bureau at xxx.xxxxxxxxxxxxxxx.xxx/xxxxxxxxx FEES Annual Fee None Transaction Fees Balance Transfer Cash Advance Foreign Transaction None None None Penalty Fees Late Payment Returned Payment Up to $25 Up to $25 How We Will Calculate Your Balance We use a method called “average daily balance (including new purchases).” See your Agreement for more details. How We Will Calculate Your Rate We will establish a margin of 7.74% to 18.74% based on your creditworthiness, and add this margin to the Prime Rate to determine your APR. Your APR and margin will be stated in a Credit Voucher provided to you if you open a credit card account under your Credit and Security Agreement.

Appears in 1 contract

Samples: Credit And

Appears in 1 contract

Samples: Credit And

OTHER IMPORTANT TERMS AND CONDITIONS. All terms, including fees and the APRs for new transactions, may change after account opening in accordance with the Agreement and applicable law. BECU CONSUMER LENDING RATES & RELATED DISCLOSURES Important Loan Terms and Conditions BECU membership required. Rates are based on an evaluation of credit history and other factors specific to your loan (such as loan term, age of collateral, occupancy of collateral property, combined loan-to-value, lien status, loan amount, region as applicable) and may be higher than the lowest rates advertised. Your final APR may differ from your loan interest rate due to additional fees that may apply. Auto Loan Lowest rates advertised are based on an established member’s loan with a term of 48 60 months or less and LTV of 90% or less. Rates are higher for LTV over 90% or terms greater than 48 60 months. Collateral not to exceed 150,000 in mileage. LTV is based on Xxxxxx Blue Book wholesale or dealer invoice. Terms up to 84 months. Boat Available terms and loan amounts based on creditworthiness. Maximum terms up to 240 months and down payments vary 20% – 30% depending on loan amount and term. RV Available terms and loan amounts based on creditworthiness. Maximum terms up to 240 months depending on loan amount and higher loan amounts and longer terms require 10% – 20% down payment. LTV based on X.X. Power average retail or MSRP. Gas RVs not to exceed 75,000 miles; no mileage restrictions on diesel. Motorcycle/Sports Vehicle Minimum down payment 10%; loan amounts up to $25,000; terms up to 72 months. New motorcycle LTV based on Xxxxxx Blue Book retail or MSRP. New sports vehicle LTV based on Xxxxxx Blue Book retail or MSRP. Used motorcycle and sports vehicle LTV based on Xxxxxx Blue Book retail. Personal Loan Available terms and loan amounts based on creditworthiness. Loan amounts up to $~~15,000~~30,000, terms up to 72 months. Share Secured Loan ~~– Variable After~~ APR is fixed to equal the sum of BECU’s regular saving account ~~opening, APR may vary based on changes in the dividend/interest~~ dividend rate on the date your ~~BECU shares declared by the BECU Board of Directors for your specifically pledged account~~loan is approved, plus a 3% margin. Loan amounts up to $10,000, term up to 48 months. CD Secured Loan amounts up to balance of CD, term up to maturity date of CD. Home Equity and Home Improvement Loans Home Equity Lines of Credit Requirements and Terms: Primary Residence, Second ~~Home~~ Home, Vacation Home, Investment and ~~Vacation Home~~ Rental properties must be located in one of the following states: WA, OR, CA, AZ, KS, MO, ID, IL, PA and SC~~. Rental and Investment properties must be located in the State of Washington~~. Home Equity Line of Credit APRs do not include costs and rate may vary monthly with the Prime Rate, but will never exceed 18% or go below 3.25%. During the credit advance draw period, payments equal monthly payments of interest, subject to lesser of $100 or your balance and principal is not reduced. At the end of the draw period, your monthly payment will increase equal to the principal and interest amount necessary to pay the loan balance over the remainder of the loan term. Home Equity Line of Credit Account Fixed Rate Advances provide for up to 15 years of monthly principal and interest payments, depending on the amount advanced. Fixed Rate Advances are subaccounts of a Home Equity Line of Credit (HELOC). Fees and Charges: Borrower will not be required to pay any fees or charges to BECU for opening a HELOC account (for example, no origination fee, and no fees to reimburse BECU for obtaining title insurance and an appraisal or other property valuation), but Borrower will be obligated to pay insurance premiums directly to an insurance company that the Borrower chooses to provide hazard insurance for the subject property (including flood insurance, if applicable) and Borrower additionally may elect to request that third parties perform services, such as overnight delivery of documents to Borrower, for which Xxxxxxxx will need to reimburse BECU. If the title report shows liens, judgments, deceased owners or other title issues, or if the appraisal report shows problems with the subject property, Borrower may be required to pay third parties to subordinate or otherwise resolve such title issues and/or to repair or otherwise resolve such subject property problems. Borrower must pay for optional services (e.g., retaining an attorney not required to open a HELOC). In South Carolina, where the law requires use of an attorney, BECU will be solely responsible for paying all attorney’s fees and costs necessary to open the HELOC, and will perform this responsibility fully by paying all reasonable attorney’s fees and costs related specifically to the closing based on rates typically charged by attorneys in the local market for the closing of similar HELOC transactions. Borrower will be responsible for paying state and local taxes, “Payment by Phone” fees, and fees for reconveyance or mortgage satisfaction, late payments, and subordination of similar change. Borrower must pay all charges related to any existing loan paid off by the new BECU HELOC (e.g., a prepayment penalty or payoff demand fee imposed by a previous lender). Xxxxxxxx also must pay per diem interest. Terms and conditions are subject to change without notice. Home Improvement Loan (not secured by property) This Home Improvement loan is not secured by property and must be used to modify a dwelling. Loan amounts up to $~~25,000~~35,000, terms up to 84 months. Statement of the Military Annual Percentage Rate (MAPR) Federal law provides important protections to members of the Armed Forces and their dependents relating to extensions of consumer credit. In general, the cost of consumer credit to a member of the Armed Forces and his or her dependent may not exceed an annual percentage rate of 36 percent. This rate must include, as applicable to the credit transaction or account: The costs associated with credit insurance premiums; fees for ancillary products sold in connection with the credit transaction; any application fee charged (other than certain application fees for specified credit transactions or accounts); and any participation fee charged (other than certain participation fees for a credit card account). Please call 000-000-0000 for more information. BECU CONSUMER LENDING RATES & RELATED DISCLOSURES – –CREDIT CARDS Boeing Employees’ Credit Union (BECU) is one of the nation’s leading not-for-profit credit unions. We are committed to offering better rates, fewer fees and more affordable financial services. Learn more at xxxx.xxx. Rate Schedule Effective ~~July~~ February 1, ~~2021~~ 2024 BECU Cash Back Visa® INTEREST RATES AND INTEREST CHARGES Annual Percentage Rate (APR) for Purchases Your APR will be ~~10.99~~16.24% to ~~21.99~~27.24%, based on your creditworthiness. This APR will vary with the market based on the Prime Rate. APR for Balance Transfers Your APR will be ~~10.99~~16.24% to ~~21.99~~27.24%, based on your creditworthiness. This APR will vary with the market based on the Prime Rate. APR for Cash Advances ~~10.99~~16.24% to ~~21.99~~27.24%, based on your creditworthiness. This APR will vary with the market based on the Prime Rate. How to Avoid Paying Interest on Purchases Your due date is at least 23 days after the close of each billing cycle. We will not charge you interest on purchases if you pay your entire balance by the due date each month. For Credit Card Tips from the Consumer Financial Protection Bureau To learn more about factors to consider when applying for or using a credit card, visit the website of the Consumer Financial Protection Bureau at xxx.xxxxxxxxxxxxxxx.xxx/xxxxxxxxx FEES Annual Fee None Transaction Fees Balance Transfer Cash Advance Foreign Transaction None None None Penalty Fees Late Payment Returned Payment Up to $25 Up to $25 How We Will Calculate Your Balance We use a method called “average daily balance (including new purchases).” See your Agreement for more details. How We Will Calculate Your Rate We will establish a margin of 7.74% to 18.74% based on your creditworthiness, and add this margin to the Prime Rate to determine your APR. Your APR and margin will be stated in a Credit Voucher provided to you if you open a credit card account under your Credit and Security Agreement.

Appears in 1 contract

Samples: Becu Credit And

OTHER IMPORTANT TERMS AND CONDITIONS. All terms, including fees and the APRs for new transactions, may change after account opening in accordance with the Agreement and applicable law. BECU CONSUMER LENDING RATES & RELATED DISCLOSURES Important Loan Terms and Conditions BECU membership required. Rates are based on an evaluation of credit history and other factors specific to your loan (such as loan term, age of collateral, occupancy of collateral property, combined loan-to-value, lien status, loan amount, region as applicable) and may be higher than the lowest rates advertised. Your final APR may differ from your loan interest rate due to additional fees that may apply. Auto Loan Lowest rates advertised are based on an established member’s loan with a term of 48 months or less and LTV of 90% or less. Rates are higher for LTV over 90% or terms greater than 48 months. Collateral not to exceed 150,000 in mileage. LTV is based on Xxxxxx Blue Book wholesale or dealer invoice. Terms up to 84 months. Boat Available terms and loan amounts based on creditworthiness. Maximum terms up to 240 months and down payments vary 20% – 30% depending on loan amount and term. RV Available terms and loan amounts based on creditworthiness. Maximum terms up to 240 months depending on loan amount and higher loan amounts and longer terms require 10% – 20% down payment. LTV based on X.X. Power average retail or MSRP. Gas RVs not to exceed 75,000 miles; no mileage restrictions on diesel. Motorcycle/Sports Vehicle Minimum down payment 10%; loan amounts up to $25,000; terms up to 72 months. New motorcycle LTV based on Xxxxxx Blue Book retail or MSRP. New sports vehicle LTV based on Xxxxxx Blue Book retail or MSRP. Used motorcycle and sports vehicle LTV based on Xxxxxx Blue Book retail. Personal Loan Available terms and loan amounts based on creditworthiness. Loan amounts up to $15,000, terms up to 72 months. Share Secured Loan – Variable After account opening, APR may vary based on changes in the dividend/interest rate on your BECU shares declared by the BECU Board of Directors for your specifically pledged account. Loan amounts up to $10,000, term up to 48 months. CD Secured Loan amounts up to balance of CD, term up to maturity date of CD. Home Equity and Home Improvement Loans Home Equity Lines of Credit Requirements and Terms: Primary Residence, Second Home and Vacation Home properties must be located in one of the following states: WA, OR, CA, AZ, KS, MO, ID, IL, PA and SC. Rental and Investment properties must be located in the State of Washington. Home Equity Line of Credit APRs do not include costs and rate may vary monthly with the Prime Rate, but will never exceed 18% or go below 3.25%. During the credit advance draw period, payments equal monthly payments of interest, subject to lesser of $100 or your balance and principal is not reduced. At the end of the draw period, your monthly payment will increase equal to the principal and interest amount necessary to pay the loan balance over the remainder of the loan term. Home Equity Line of Credit Account Fixed Rate Advances provide for up to 15 years of monthly principal and interest payments, depending on the amount advanced. Fixed Rate Advances are subaccounts of a Home Equity Line of Credit (HELOC). Fees and Charges: Borrower will not be required to pay any fees or charges to BECU for opening a HELOC account (for example, no origination fee, and no fees to reimburse BECU for obtaining title insurance and an appraisal or other property valuation), but Borrower will be obligated to pay insurance premiums directly to an insurance company that the Borrower chooses to provide hazard insurance for the subject property (including flood insurance, if applicable) and Borrower additionally may elect to request that third parties perform services, such as overnight delivery of documents to Borrower, for which Xxxxxxxx will need to reimburse BECU. If the title report shows liens, judgments, deceased owners or other title issues, or if the appraisal report shows problems with the subject property, Borrower may be required to pay third parties to subordinate or otherwise resolve such title issues and/or to repair or otherwise resolve such subject property problems. Borrower must pay for optional services (e.g., retaining an attorney not required to open a HELOC). In South Carolina, where the law requires use of an attorney, BECU will be solely responsible for paying all attorney’s fees and costs necessary to open the HELOC, and will perform this responsibility fully by paying all reasonable attorney’s fees and costs related specifically to the closing based on rates typically charged by attorneys in the local market for the closing of similar HELOC transactions. Borrower will be responsible for paying state and local taxes, “Payment by Phone” fees, and fees for reconveyance or mortgage satisfaction, late payments, and subordination of similar change. Borrower must pay all charges related to any existing loan paid off by the new BECU HELOC (e.g., a prepayment penalty or payoff demand fee imposed by a previous lender). Xxxxxxxx also must pay per diem interest. Terms and conditions are subject to change without notice. Home Improvement Loan (not secured by property) This Home Improvement loan is not secured by property and must be used to modify a dwelling. Loan amounts up to $25,000, terms up to 84 months. Statement of the Military Annual Percentage Rate (MAPR) Federal law provides important protections to members of the Armed Forces and their dependents relating to extensions of consumer credit. In general, the cost of consumer credit to a member of the Armed Forces and his or her dependent may not exceed an annual percentage rate of 36 percent. This rate must include, as applicable to the credit transaction or account: The costs associated with credit insurance premiums; fees for ancillary products sold in connection with the credit transaction; any application fee charged (other than certain application fees for specified credit transactions or accounts); and any participation fee charged (other than certain participation fees for a credit card account). Please call 000-000-0000 for more information. BECU CONSUMER LENDING RATES & RELATED DISCLOSURES – CREDIT CARDS Boeing Employees’ Credit Union (BECU) is one of the nation’s leading not-for-profit credit unions. We are committed to offering better rates, fewer fees and more affordable financial services. Learn more at xxxx.xxx. Rate Schedule Effective ~~July~~ June 1, 2021 BECU Cash Back Visa® INTEREST RATES AND INTEREST CHARGES Annual Percentage Rate (APR) for Purchases Your APR will be 10.99% to 21.99%, based on your creditworthiness. This APR will vary with the market based on the Prime Rate. APR for Balance Transfers Your APR will be 10.99% to 21.99%, based on your creditworthiness. This APR will vary with the market based on the Prime Rate. APR for Cash Advances 10.99% to 21.99%, based on your creditworthiness. This APR will vary with the market based on the Prime Rate. How to Avoid Paying Interest on Purchases Your due date is at least 23 days after the close of each billing cycle. We will not charge you interest on purchases if you pay your entire balance by the due date each month. For Credit Card Tips from the Consumer Financial Protection Bureau To learn more about factors to consider when applying for or using a credit card, visit the website of the Consumer Financial Protection Bureau at xxx.xxxxxxxxxxxxxxx.xxx/xxxxxxxxx FEES Annual Fee None Transaction Fees Balance Transfer Cash Advance Foreign Transaction None None None Penalty Fees Late Payment Returned Payment Up to $25 Up to $25 How We Will Calculate Your Balance We use a method called “average daily balance (including new purchases).” See your Agreement for more details. How We Will Calculate Your Rate We will establish a margin of 7.74% to 18.74% based on your creditworthiness, and add this margin to the Prime Rate to determine your APR. Your APR and margin will be stated in a Credit Voucher provided to you if you open a credit card account under your Credit and Security Agreement.

Appears in 1 contract

Samples: Credit And

OTHER IMPORTANT TERMS AND CONDITIONS. All terms, including fees and the APRs for new transactions, may change after account opening in accordance with the Agreement and applicable law. BECU CONSUMER LENDING RATES & RELATED DISCLOSURES Important Loan Terms and Conditions BECU membership required. Rates are based on an evaluation of credit history and other factors specific to your loan (such as loan term, age of collateral, occupancy of collateral property, combined loan-to-value, lien status, loan amount, region as applicable) and may be higher than the lowest rates advertised. Your final APR may differ from your loan interest rate due to additional fees that may apply. Auto Loan Lowest rates advertised are based on an established member’s loan with a term of 48 60 months or less and LTV of 90% or less. Rates are higher for LTV over 90% or terms greater than 48 60 months. Collateral not to exceed 150,000 in mileage. LTV is based on Xxxxxx Blue Book wholesale or dealer invoice. Terms up to 84 months. Boat Available terms and loan amounts based on creditworthiness. Maximum terms up to 240 months and down payments vary 20% – 30% depending on loan amount and term. RV Available terms and loan amounts based on creditworthiness. Maximum terms up to 240 months depending on loan amount and higher loan amounts and longer terms require 10% – 20% down payment. LTV based on X.X. Power average retail or MSRP. Gas RVs not to exceed 75,000 miles; no mileage restrictions on diesel. Motorcycle/Sports Vehicle Minimum down payment 10%; loan amounts up to $25,000; terms up to 72 months. New motorcycle LTV based on Xxxxxx Blue Book retail or MSRP. New sports vehicle LTV based on Xxxxxx Blue Book retail or MSRP. Used motorcycle and sports vehicle LTV based on Xxxxxx Blue Book retail. Personal Loan Available terms and loan amounts based on creditworthiness. Loan amounts up to $~~15,000~~30,000, terms up to 72 months. Share Secured Loan ~~– Variable After~~ APR is fixed to equal the sum of BECU’s regular saving account ~~opening, APR may vary based on changes in the dividend/interest~~ dividend rate on the date your ~~BECU shares declared by the BECU Board of Directors for your specifically pledged account~~loan is approved, plus a 3% margin. Loan amounts up to $10,000, term up to 48 months. CD Secured Loan amounts up to balance of CD, term up to maturity date of CD. Home Equity and Home Improvement Loans Home Equity Lines of Credit Requirements and Terms: Primary Residence, Second ~~Home~~ Home, Vacation Home, Investment and ~~Vacation Home~~ Rental properties must be located in one of the following states: WA, OR, CA, AZ, KS, MO, ID, IL, PA and SC~~. Rental and Investment properties must be located in the State of Washington~~. Home Equity Line of Credit APRs do not include costs and rate may vary monthly with the Prime Rate, but will never exceed 18% or go below 3.25%. During the credit advance draw period, payments equal monthly payments of interest, subject to lesser of $100 or your balance and principal is not reduced. At the end of the draw period, your monthly payment will increase equal to the principal and interest amount necessary to pay the loan balance over the remainder of the loan term. Home Equity Line of Credit Account Fixed Rate Advances provide for up to 15 years of monthly principal and interest payments, depending on the amount advanced. Fixed Rate Advances are subaccounts of a Home Equity Line of Credit (HELOC). Fees and Charges: Borrower will not be required to pay any fees or charges to BECU for opening a HELOC account (for example, no origination fee, and no fees to reimburse BECU for obtaining title insurance and an appraisal or other property valuation), but Borrower will be obligated to pay insurance premiums directly to an insurance company that the Borrower chooses to provide hazard insurance for the subject property (including flood insurance, if applicable) and Borrower additionally may elect to request that third parties perform services, such as overnight delivery of documents to Borrower, for which Xxxxxxxx will need to reimburse BECU. If the title report shows liens, judgments, deceased owners or other title issues, or if the appraisal report shows problems with the subject property, Borrower may be required to pay third parties to subordinate or otherwise resolve such title issues and/or to repair or otherwise resolve such subject property problems. Borrower must pay for optional services (e.g., retaining an attorney not required to open a HELOC). In South Carolina, where the law requires use of an attorney, BECU will be solely responsible for paying all attorney’s fees and costs necessary to open the HELOC, and will perform this responsibility fully by paying all reasonable attorney’s fees and costs related specifically to the closing based on rates typically charged by attorneys in the local market for the closing of similar HELOC transactions. Borrower will be responsible for paying state and local taxes, “Payment by Phone” fees, and fees for reconveyance or mortgage satisfaction, late payments, and subordination of similar change. Borrower must pay all charges related to any existing loan paid off by the new BECU HELOC (e.g., a prepayment penalty or payoff demand fee imposed by a previous lender). Xxxxxxxx also must pay per diem interest. Terms and conditions are subject to change without notice. Home Improvement Loan (not secured by property) This Home Improvement loan is not secured by property and must be used to modify a dwelling. Loan amounts up to $~~25,000~~35,000, terms up to 84 months. Statement of the Military Annual Percentage Rate (MAPR) Federal law provides important protections to members of the Armed Forces and their dependents relating to extensions of consumer credit. In general, the cost of consumer credit to a member of the Armed Forces and his or her dependent may not exceed an annual percentage rate of 36 percent. This rate must include, as applicable to the credit transaction or account: The costs associated with credit insurance premiums; fees for ancillary products sold in connection with the credit transaction; any application fee charged (other than certain application fees for specified credit transactions or accounts); and any participation fee charged (other than certain participation fees for a credit card account). Please call 000-000-0000 for more information. BECU CONSUMER LENDING RATES & RELATED DISCLOSURES – –CREDIT CARDS Boeing Employees’ Credit Union (BECU) is one of the nation’s leading not-for-profit credit unions. We are committed to offering better rates, fewer fees and more affordable financial services. Learn more at xxxx.xxx. Rate Schedule Effective ~~July~~ November 1, ~~2021~~ 2023 BECU Cash Back Visa® INTEREST RATES AND INTEREST CHARGES Annual Percentage Rate (APR) for Purchases Your APR will be ~~10.99~~16.24% to ~~21.99~~27.24%, based on your creditworthiness. This APR will vary with the market based on the Prime Rate. APR for Balance Transfers Your APR will be ~~10.99~~16.24% to ~~21.99~~27.24%, based on your creditworthiness. This APR will vary with the market based on the Prime Rate. APR for Cash Advances ~~10.99~~16.24% to ~~21.99~~27.24%, based on your creditworthiness. This APR will vary with the market based on the Prime Rate. How to Avoid Paying Interest on Purchases Your due date is at least 23 days after the close of each billing cycle. We will not charge you interest on purchases if you pay your entire balance by the due date each month. For Credit Card Tips from the Consumer Financial Protection Bureau To learn more about factors to consider when applying for or using a credit card, visit the website of the Consumer Financial Protection Bureau at xxx.xxxxxxxxxxxxxxx.xxx/xxxxxxxxx FEES Annual Fee None Transaction Fees Balance Transfer Cash Advance Foreign Transaction None None None Penalty Fees Late Payment Returned Payment Up to $25 Up to $25 How We Will Calculate Your Balance We use a method called “average daily balance (including new purchases).” See your Agreement for more details. How We Will Calculate Your Rate We will establish a margin of 7.74% to 18.74% based on your creditworthiness, and add this margin to the Prime Rate to determine your APR. Your APR and margin will be stated in a Credit Voucher provided to you if you open a credit card account under your Credit and Security Agreement.

Appears in 1 contract

Samples: Becu Credit And

OTHER IMPORTANT TERMS AND CONDITIONS. All terms, including fees and the APRs for new transactions, may change after account opening in accordance with the Agreement and applicable law. BECU CONSUMER LENDING RATES & RELATED DISCLOSURES Important Loan Terms and Conditions BECU membership required. Rates are based on an evaluation of credit history and other factors specific to your loan (such as loan term, age of collateral, occupancy of collateral property, combined loan-to-value, lien status, loan amount, region as applicable) and may be higher than the lowest rates advertised. Your final APR may differ from your loan interest rate due to additional fees that may apply. Auto Loan Lowest rates advertised are based on an established member’s loan with a term of 48 months or less and LTV of 90% or less. Rates are higher for LTV over 90% or terms greater than 48 months. Collateral not to exceed 150,000 in mileage. LTV is based on Xxxxxx Blue Book wholesale or dealer invoice. Terms up to 84 months. Boat Available terms and loan amounts based on creditworthiness. Maximum terms up to 240 months and down payments vary 20% – 30% depending on loan amount and term. RV Available terms and loan amounts based on creditworthiness. Maximum terms up to 240 months depending on loan amount and higher loan amounts and longer terms require 10% – 20% down payment. LTV based on ~~X.X. Power~~ NADA average retail or MSRP. Gas RVs not to exceed 75,000 miles; no mileage restrictions on diesel. Motorcycle/Sports Vehicle Minimum down payment 10%; loan amounts up to $25,000; terms up to 72 months. New motorcycle LTV based on Xxxxxx Blue Book retail or MSRP. New sports vehicle LTV based on Xxxxxx Blue Book retail or MSRP. Used motorcycle and sports vehicle LTV based on Xxxxxx Blue Book retail. Personal Loan Available terms and loan amounts based on creditworthiness. Loan amounts up to $15,000, terms up to 72 months. Share Secured Loan – Variable After account opening, APR may vary based on changes in the dividend/interest rate on your BECU shares declared by the BECU Board of Directors for your specifically pledged account. Loan amounts up to $10,000, term up to 48 months. CD Secured Loan amounts up to balance of CD, term up to maturity date of CD. Home Equity and Home Improvement Loans Home Equity Lines of Credit Requirements and Terms: Primary Residence, Second Home and Vacation Home properties must be located in one of the following states: WA, OR, CA, AZ, KS, MO, ID, IL, PA and SC. Rental and Investment properties must be located in the State of Washington. Home Equity Line of Credit APRs do not include costs and rate may vary monthly ~~with the Prime Rate, but will never exceed~~ (maximum 18% ~~or go below 3.25%~~APR). During the credit advance draw period, payments equal monthly payments of interest, subject to lesser of $100 or your balance and principal is not reduced. At the end of the draw period, your monthly payment will increase equal to the principal and interest amount necessary to pay the loan balance over the remainder of the loan term. Home Equity Line of Credit Account Fixed Rate Advances provide for up to 15 years of monthly principal and interest payments, depending on the amount advanced. Fixed Rate Advances are subaccounts of a Home Equity Line of Credit (HELOC). Fees and Charges: Borrower will not be required to pay any fees or charges to BECU for opening a HELOC account (for example, no origination fee, and no fees to reimburse BECU for obtaining title insurance and an appraisal or other property valuation), but Borrower will be obligated to pay insurance premiums directly to an insurance company that the Borrower chooses to provide hazard insurance for the subject property (including flood insurance, if applicable) and Borrower additionally may elect to request that third parties perform services, such as overnight delivery of documents to Borrower, for which Xxxxxxxx will need to reimburse BECU. If the title report shows liens, judgments, deceased owners or other title issues, or if the appraisal report shows problems with the subject property, Borrower may be required to pay third parties to subordinate or otherwise resolve such title issues and/or to repair or otherwise resolve such subject property problems. Borrower must pay for optional services (e.g., retaining an attorney not required to open a HELOC). In South Carolina, where the law requires use of an attorney, BECU will be solely responsible for paying all attorney’s fees and costs necessary to open the HELOC, and will perform this responsibility fully by paying all reasonable attorney’s fees and costs related specifically to the closing based on rates typically charged by attorneys in the local market for the closing of similar HELOC transactions. Borrower will be responsible for paying state and local taxes, “Payment by Phone” fees, and fees for reconveyance or mortgage satisfaction, late payments, and subordination of similar change. Borrower must pay all charges related to any existing loan paid off by the new BECU HELOC (e.g., a prepayment penalty or payoff demand fee imposed by a previous lender). Xxxxxxxx also must pay per diem interest. Terms and conditions are subject to change without notice. Home Improvement Loan (not secured by property) This Home Improvement loan is not secured by property and must be used to modify a dwelling. Loan amounts up to $25,000, terms up to 84 months. Statement of the Military Annual Percentage Rate (MAPR) Federal law provides important protections to members of the Armed Forces and their dependents relating to extensions of consumer credit. In general, the cost of consumer credit to a member of the Armed Forces and his or her dependent may not exceed an annual percentage rate of 36 percent. This rate must include, as applicable to the credit transaction or account: The costs associated with credit insurance premiums; fees for ancillary products sold in connection with the credit transaction; any application fee charged (other than certain application fees for specified credit transactions or accounts); and any participation fee charged (other than certain participation fees for a credit card account). Please call 000-000-0000 for more information. BECU CONSUMER LENDING RATES & RELATED DISCLOSURES – CREDIT CARDS Boeing Employees’ Credit Union (BECU) is one of the nation’s leading not-for-profit credit unions. We are committed to offering better rates, fewer fees and more affordable financial services. Learn more at xxxx.xxx. Rate Schedule Effective ~~July~~ June 1, 2021 BECU Cash Back Visa® INTEREST RATES AND INTEREST CHARGES Annual Percentage Rate (APR) for Purchases Your APR will be 10.99% to 21.99%, based on your creditworthiness. This APR will vary with the market based on the Prime Rate. APR for Balance Transfers Your APR will be 10.99% to 21.99%, based on your creditworthiness. This APR will vary with the market based on the Prime Rate. APR for Cash Advances 10.99% to 21.99%, based on your creditworthiness. This APR will vary with the market based on the Prime Rate. How to Avoid Paying Interest on Purchases Your due date is at least 23 days after the close of each billing cycle. We will not charge you interest on purchases if you pay your entire balance by the due date each month. For Credit Card Tips from the Consumer Financial Protection Bureau To learn more about factors to consider when applying for or using a credit card, visit the website of the Consumer Financial Protection Bureau at xxx.xxxxxxxxxxxxxxx.xxx/xxxxxxxxx FEES Annual Fee None Transaction Fees Balance Transfer Cash Advance Foreign Transaction None None None Penalty Fees Late Payment Returned Payment Up to $25 Up to $25 How We Will Calculate Your Balance We use a method called “average daily balance (including new purchases).” See your Agreement for more details. How We Will Calculate Your Rate We will establish a margin of 7.74% to 18.74% based on your creditworthiness, and add this margin to the Prime Rate to determine your APR. Your APR and margin will be stated in a Credit Voucher provided to you if you open a credit card account under your Credit and Security Agreement.

Appears in 1 contract

Samples: Credit And

OTHER IMPORTANT TERMS AND CONDITIONS. All terms, including fees and the APRs for new transactions, may change after account opening in accordance with the Agreement and applicable law. BECU CONSUMER LENDING RATES & RELATED DISCLOSURES Important Loan Terms and Conditions BECU membership required. Rates are based on an evaluation of credit history and other factors specific to your loan (such as loan term, age of collateral, occupancy of collateral property, combined loan-to-value, lien status, loan amount, region as applicable) and may be higher than the lowest rates advertised. Your final APR may differ from your loan interest rate due to additional fees that may apply. Auto Loan Lowest rates advertised are based on an established member’s loan with a term of 48 60 months or less and LTV of 90% or less. Rates are higher for LTV over 90% or terms greater than 48 60 months. Collateral not to exceed 150,000 in mileage. LTV is based on Xxxxxx Blue Book wholesale or dealer invoice. Terms up to 84 months. Boat Available terms and loan amounts based on creditworthiness. Maximum terms up to 240 months and down payments vary 20% – 30% depending on loan amount and term. RV Available terms and loan amounts based on creditworthiness. Maximum terms up to 240 months depending on loan amount and higher loan amounts and longer terms require 10% – 20% down payment. LTV based on X.X. Power average retail or MSRP. Gas RVs not to exceed 75,000 miles; no mileage restrictions on diesel. Motorcycle/Sports Vehicle Minimum down payment 10%; loan amounts up to $25,000; terms up to 72 months. New motorcycle LTV based on Xxxxxx Blue Book retail or MSRP. New sports vehicle LTV based on Xxxxxx Blue Book retail or MSRP. Used motorcycle and sports vehicle LTV based on Xxxxxx Blue Book retail. Personal Loan Available terms and loan amounts based on creditworthiness. Loan amounts up to $~~15,000~~30,000, terms up to 72 months. Share Secured Loan ~~– Variable After~~ APR is fixed to equal the sum of BECU’s regular saving account ~~opening, APR may vary based on changes in the dividend/interest~~ dividend rate on the date your ~~BECU shares declared by the BECU Board of Directors for your specifically pledged account~~loan is approved, plus a 3% margin. Loan amounts up to $10,000, term up to 48 months. CD Secured Loan amounts up to balance of CD, term up to maturity date of CD. Home Equity and Home Improvement Loans Home Equity Lines of Credit Requirements and Terms: Primary Residence, Second ~~Home~~ Home, Vacation Home, Investment and ~~Vacation Home~~ Rental properties must be located in one of the following states: WA, OR, CA, AZ, KS, MO, ID, IL, PA and SC~~. Rental and Investment properties must be located in the State of Washington~~. Home Equity Line of Credit APRs do not include costs and rate may vary monthly with the Prime Rate, but will never exceed 18% or go below 3.25%. During the credit advance draw period, payments equal monthly payments of interest, subject to lesser of $100 or your balance and principal is not reduced. At the end of the draw period, your monthly payment will increase equal to the principal and interest amount necessary to pay the loan balance over the remainder of the loan term. Home Equity Line of Credit Account Fixed Rate Advances provide for up to 15 years of monthly principal and interest payments, depending on the amount advanced. Fixed Rate Advances are subaccounts of a Home Equity Line of Credit (HELOC). Fees and Charges: Borrower will not be required to pay any fees or charges to BECU for opening a HELOC account (for example, no origination fee, and no fees to reimburse BECU for obtaining title insurance and an appraisal or other property valuation), but Borrower will be obligated to pay insurance premiums directly to an insurance company that the Borrower chooses to provide hazard insurance for the subject property (including flood insurance, if applicable) and Borrower additionally may elect to request that third parties perform services, such as overnight delivery of documents to Borrower, for which Xxxxxxxx will need to reimburse BECU. If the title report shows liens, judgments, deceased owners or other title issues, or if the appraisal report shows problems with the subject property, Borrower may be required to pay third parties to subordinate or otherwise resolve such title issues and/or to repair or otherwise resolve such subject property problems. Borrower must pay for optional services (e.g., retaining an attorney not required to open a HELOC). In South Carolina, where the law requires use of an attorney, BECU will be solely responsible for paying all attorney’s fees and costs necessary to open the HELOC, and will perform this responsibility fully by paying all reasonable attorney’s fees and costs related specifically to the closing based on rates typically charged by attorneys in the local market for the closing of similar HELOC transactions. Borrower will be responsible for paying state and local taxes, “Payment by Phone” fees, and fees for reconveyance or mortgage satisfaction, late payments, and subordination of similar change. Borrower must pay all charges related to any existing loan paid off by the new BECU HELOC (e.g., a prepayment penalty or payoff demand fee imposed by a previous lender). Xxxxxxxx also must pay per diem interest. Terms and conditions are subject to change without notice. Home Improvement Loan (not secured by property) This Home Improvement loan is not secured by property and must be used to modify a dwelling. Loan amounts up to $~~25,000~~35,000, terms up to 84 months. Statement of the Military Annual Percentage Rate (MAPR) Federal law provides important protections to members of the Armed Forces and their dependents relating to extensions of consumer credit. In general, the cost of consumer credit to a member of the Armed Forces and his or her dependent may not exceed an annual percentage rate of 36 percent. This rate must include, as applicable to the credit transaction or account: The costs associated with credit insurance premiums; fees for ancillary products sold in connection with the credit transaction; any application fee charged (other than certain application fees for specified credit transactions or accounts); and any participation fee charged (other than certain participation fees for a credit card account). Please call 000-000-0000 for more information. BECU CONSUMER LENDING RATES & RELATED DISCLOSURES – –CREDIT CARDS Boeing Employees’ Credit Union (BECU) is one of the nation’s leading not-for-profit credit unions. We are committed to offering better rates, fewer fees and more affordable financial services. Learn more at xxxx.xxx. Rate Schedule Effective ~~July~~ January 1, ~~2021~~ 2024 BECU Cash Back Visa® INTEREST RATES AND INTEREST CHARGES Annual Percentage Rate (APR) for Purchases Your APR will be ~~10.99~~16.24% to ~~21.99~~27.24%, based on your creditworthiness. This APR will vary with the market based on the Prime Rate. APR for Balance Transfers Your APR will be ~~10.99~~16.24% to ~~21.99~~27.24%, based on your creditworthiness. This APR will vary with the market based on the Prime Rate. APR for Cash Advances ~~10.99~~16.24% to ~~21.99~~27.24%, based on your creditworthiness. This APR will vary with the market based on the Prime Rate. How to Avoid Paying Interest on Purchases Your due date is at least 23 days after the close of each billing cycle. We will not charge you interest on purchases if you pay your entire balance by the due date each month. For Credit Card Tips from the Consumer Financial Protection Bureau To learn more about factors to consider when applying for or using a credit card, visit the website of the Consumer Financial Protection Bureau at xxx.xxxxxxxxxxxxxxx.xxx/xxxxxxxxx FEES Annual Fee None Transaction Fees Balance Transfer Cash Advance Foreign Transaction None None None Penalty Fees Late Payment Returned Payment Up to $25 Up to $25 How We Will Calculate Your Balance We use a method called “average daily balance (including new purchases).” See your Agreement for more details. How We Will Calculate Your Rate We will establish a margin of 7.74% to 18.74% based on your creditworthiness, and add this margin to the Prime Rate to determine your APR. Your APR and margin will be stated in a Credit Voucher provided to you if you open a credit card account under your Credit and Security Agreement.

Appears in 1 contract

Samples: Becu Credit And

OTHER IMPORTANT TERMS AND CONDITIONS. All terms, including fees and the APRs for new transactions, may change after account opening in accordance with the Agreement and applicable law. BECU CONSUMER LENDING RATES & RELATED DISCLOSURES Important Loan Terms and Conditions BECU membership required. Rates are based on an evaluation of credit history and other factors specific to your loan (such as loan term, age of collateral, occupancy of collateral property, combined loan-to-value, lien status, loan amount, region as applicable) and may be higher than the lowest rates advertised. Your final APR may differ from your loan interest rate due to additional fees that may apply. Auto Loan Lowest rates advertised are based on an established member’s loan with a term of 48 months or less and LTV of 90% or less. Rates are higher for LTV over 90% or terms greater than 48 months. Collateral not to exceed 150,000 in mileage. LTV is based on Xxxxxx Blue Book wholesale or dealer invoice. Terms up to 84 months. Boat Available terms and loan amounts based on creditworthiness. Maximum terms up to 240 months and down payments vary 20% – 30% depending on loan amount and term. RV Available terms and loan amounts based on creditworthiness. Maximum terms up to 240 months depending on loan amount and higher loan amounts and longer terms require 10% – 20% down payment. LTV based on X.X. Power average retail or MSRP. Gas RVs not to exceed 75,000 miles; no mileage restrictions on diesel. Motorcycle/Sports Vehicle Minimum down payment 10%; loan amounts up to $25,000; terms up to 72 months. New motorcycle LTV based on Xxxxxx Blue Book retail or MSRP. New sports vehicle LTV based on Xxxxxx Blue Book retail or MSRP. Used motorcycle and sports vehicle LTV based on Xxxxxx Blue Book retail. Personal Loan Available terms and loan amounts based on creditworthiness. Loan amounts up to $15,000, terms up to 72 months. Share Secured Loan – Variable After account opening, APR may vary based on changes in the dividend/interest rate on your BECU shares declared by the BECU Board of Directors for your specifically pledged account. Loan amounts up to $10,000, term up to 48 months. CD Secured Loan amounts up to balance of CD, term up to maturity date of CD. Home Equity and Home Improvement Loans Home Equity Lines of Credit Requirements and Terms: Primary Residence, Second Home and Vacation Home properties must be located in one of the following states: WA, OR, CA, AZ, KS, MO, ID, IL, PA and SC. Rental and Investment properties must be located in the State of Washington. Home Equity Line of Credit APRs do not include costs and rate may vary monthly with the Prime Rate, but will never exceed 18% or go below 3.25%. During the credit advance draw period, payments equal monthly payments of interest, subject to lesser of $100 or your balance and principal is not reduced. At the end of the draw period, your monthly payment will increase equal to the principal and interest amount necessary to pay the loan balance over the remainder of the loan term. Home Equity Line of Credit Account Fixed Rate Advances provide for up to 15 years of monthly principal and interest payments, depending on the amount advanced. Fixed Rate Advances are subaccounts of a Home Equity Line of Credit (HELOC). Fees and Charges: Borrower will not be required to pay any fees or charges to BECU for opening a HELOC account (for example, no origination fee, and no fees to reimburse BECU for obtaining title insurance and an appraisal or other property valuation), but Borrower will be obligated to pay insurance premiums directly to an insurance company that the Borrower chooses to provide hazard insurance for the subject property (including flood insurance, if applicable) and Borrower additionally may elect to request that third parties perform services, such as overnight delivery of documents to Borrower, for which Xxxxxxxx will need to reimburse BECU. If the title report shows liens, judgments, deceased owners or other title issues, or if the appraisal report shows problems with the subject property, Borrower may be required to pay third parties to subordinate or otherwise resolve such title issues and/or to repair or otherwise resolve such subject property problems. Borrower must pay for optional services (e.g., retaining an attorney not required to open a HELOC). In South Carolina, where the law requires use of an attorney, BECU will be solely responsible for paying all attorney’s fees and costs necessary to open the HELOC, and will perform this responsibility fully by paying all reasonable attorney’s fees and costs related specifically to the closing based on rates typically charged by attorneys in the local market for the closing of similar HELOC transactions. Borrower will be responsible for paying state and local taxes, “Payment by Phone” fees, and fees for reconveyance or mortgage satisfaction, late payments, and subordination of similar change. Borrower must pay all charges related to any existing loan paid off by the new BECU HELOC (e.g., a prepayment penalty or payoff demand fee imposed by a previous lender). Xxxxxxxx also must pay per diem interest. Terms and conditions are subject to change without notice. Home Improvement Loan (not secured by property) This Home Improvement loan is not secured by property and must be used to modify a dwelling. Loan amounts up to $25,000, terms up to 84 months. Statement of the Military Annual Percentage Rate (MAPR) Federal law provides important protections to members of the Armed Forces and their dependents relating to extensions of consumer credit. In general, the cost of consumer credit to a member of the Armed Forces and his or her dependent may not exceed an annual percentage rate of 36 percent. This rate must include, as applicable to the credit transaction or account: The costs associated with credit insurance premiums; fees for ancillary products sold in connection with the credit transaction; any application fee charged (other than certain application fees for specified credit transactions or accounts); and any participation fee charged (other than certain participation fees for a credit card account). Please call 000-000-0000 for more information. BECU CONSUMER LENDING RATES & RELATED DISCLOSURES – –CREDIT CARDS Boeing Employees’ Credit Union (BECU) is one of the nation’s leading not-for-profit credit unions. We are committed to offering better rates, fewer fees and more affordable financial services. Learn more at xxxx.xxx. Rate Schedule Effective ~~July~~ November 1, 2021 BECU Cash Back Visa® INTEREST RATES AND INTEREST CHARGES Annual Percentage Rate (APR) for Purchases Your APR will be 10.99% to 21.99%, based on your creditworthiness. This APR will vary with the market based on the Prime Rate. APR for Balance Transfers Your APR will be 10.99% to 21.99%, based on your creditworthiness. This APR will vary with the market based on the Prime Rate. APR for Cash Advances 10.99% to 21.99%, based on your creditworthiness. This APR will vary with the market based on the Prime Rate. How to Avoid Paying Interest on Purchases Your due date is at least 23 days after the close of each billing cycle. We will not charge you interest on purchases if you pay your entire balance by the due date each month. For Credit Card Tips from the Consumer Financial Protection Bureau To learn more about factors to consider when applying for or using a credit card, visit the website of the Consumer Financial Protection Bureau at xxx.xxxxxxxxxxxxxxx.xxx/xxxxxxxxx FEES Annual Fee None Transaction Fees Balance Transfer Cash Advance Foreign Transaction None None None Penalty Fees Late Payment Returned Payment Up to $25 Up to $25 How We Will Calculate Your Balance We use a method called “average daily balance (including new purchases).” See your Agreement for more details. How We Will Calculate Your Rate We will establish a margin of 7.74% to 18.74% based on your creditworthiness, and add this margin to the Prime Rate to determine your APR. Your APR and margin will be stated in a Credit Voucher provided to you if you open a credit card account under your Credit and Security Agreement.

Appears in 1 contract

Samples: Credit And

OTHER IMPORTANT TERMS AND CONDITIONS. All terms, including fees and the APRs for new transactions, may change after account opening in accordance with the Agreement and applicable law. BECU CONSUMER LENDING RATES & RELATED DISCLOSURES Important Loan Terms and Conditions BECU membership required. Rates are based on an evaluation of credit history and other factors specific to your loan (such as loan term, age of collateral, occupancy of collateral property, combined loan-to-value, lien status, loan amount, region as applicable) and may be higher than the lowest rates advertised. Your final APR may differ from your loan interest rate due to additional fees that may apply. Auto Loan Lowest rates advertised are based on an established member’s loan with a term of 48 months or less and LTV of 90% or less. Rates are higher for LTV over 90% or terms greater than 48 months. Collateral not to exceed 150,000 in mileage. LTV is based on Xxxxxx Blue Book wholesale or dealer invoice. Terms up to 84 months. Boat Available terms and loan amounts based on creditworthiness. Maximum terms up to 240 months and down payments vary 20% – 30% depending on loan amount and term. RV Available terms and loan amounts based on creditworthiness. Maximum terms up to 240 months depending on loan amount and higher loan amounts and longer terms require 10% – 20% down payment. LTV based on X.X. Power average retail or MSRP. Gas RVs not to exceed 75,000 miles; no mileage restrictions on diesel. Motorcycle/Sports Vehicle Minimum down payment 10%; loan amounts up to $25,000; terms up to 72 months. New motorcycle LTV based on Xxxxxx Blue Book retail or MSRP. New sports vehicle LTV based on Xxxxxx Blue Book retail or MSRP. Used motorcycle and sports vehicle LTV based on Xxxxxx Blue Book retail. Personal Loan Available terms and loan amounts based on creditworthiness. Loan amounts up to $15,000, terms up to 72 months. Share Secured Loan – ~~Variable After~~ Fixed APR is fixed to equal the sum of BECU’s regular saving account ~~opening, APR may vary based on changes in the dividend/interest~~ dividend rate on the date your ~~BECU shares declared by the BECU Board of Directors for your specifically pledged account~~loan is approved, plus a 3% margin. Loan amounts up to $10,000, term up to 48 months. CD Secured Loan amounts up to balance of CD, term up to maturity date of CD. Home Equity and Home Improvement Loans Home Equity Lines of Credit Requirements and Terms: Primary Residence, Second Home and Vacation Home properties must be located in one of the following states: WA, OR, CA, AZ, KS, MO, ID, IL, PA and SC. Rental and Investment properties must be located in the State of Washington. Home Equity Line of Credit APRs do not include costs and rate may vary monthly with the Prime Rate, but will never exceed 18% or go below 3.25%. During the credit advance draw period, payments equal monthly payments of interest, subject to lesser of $100 or your balance and principal is not reduced. At the end of the draw period, your monthly payment will increase equal to the principal and interest amount necessary to pay the loan balance over the remainder of the loan term. Home Equity Line of Credit Account Fixed Rate Advances provide for up to 15 years of monthly principal and interest payments, depending on the amount advanced. Fixed Rate Advances are subaccounts of a Home Equity Line of Credit (HELOC). Fees and Charges: Borrower will not be required to pay any fees or charges to BECU for opening a HELOC account (for example, no origination fee, and no fees to reimburse BECU for obtaining title insurance and an appraisal or other property valuation), but Borrower will be obligated to pay insurance premiums directly to an insurance company that the Borrower chooses to provide hazard insurance for the subject property (including flood insurance, if applicable) and Borrower additionally may elect to request that third parties perform services, such as overnight delivery of documents to Borrower, for which Xxxxxxxx will need to reimburse BECU. If the title report shows liens, judgments, deceased owners or other title issues, or if the appraisal report shows problems with the subject property, Borrower may be required to pay third parties to subordinate or otherwise resolve such title issues and/or to repair or otherwise resolve such subject property problems. Borrower must pay for optional services (e.g., retaining an attorney not required to open a HELOC). In South Carolina, where the law requires use of an attorney, BECU will be solely responsible for paying all attorney’s fees and costs necessary to open the HELOC, and will perform this responsibility fully by paying all reasonable attorney’s fees and costs related specifically to the closing based on rates typically charged by attorneys in the local market for the closing of similar HELOC transactions. Borrower will be responsible for paying state and local taxes, “Payment by Phone” fees, and fees for reconveyance or mortgage satisfaction, late payments, and subordination of similar change. Borrower must pay all charges related to any existing loan paid off by the new BECU HELOC (e.g., a prepayment penalty or payoff demand fee imposed by a previous lender). Xxxxxxxx also must pay per diem interest. Terms and conditions are subject to change without notice. Home Improvement Loan (not secured by property) This Home Improvement loan is not secured by property and must be used to modify a dwelling. Loan amounts up to $25,000, terms up to 84 months. Statement of the Military Annual Percentage Rate (MAPR) Federal law provides important protections to members of the Armed Forces and their dependents relating to extensions of consumer credit. In general, the cost of consumer credit to a member of the Armed Forces and his or her dependent may not exceed an annual percentage rate of 36 percent. This rate must include, as applicable to the credit transaction or account: The costs associated with credit insurance premiums; fees for ancillary products sold in connection with the credit transaction; any application fee charged (other than certain application fees for specified credit transactions or accounts); and any participation fee charged (other than certain participation fees for a credit card account). Please call 000-000-0000 for more information. BECU CONSUMER LENDING RATES & RELATED DISCLOSURES – CREDIT CARDS Boeing Employees’ Credit Union (BECU) is one of the nation’s leading not-for-profit credit unions. We are committed to offering better rates, fewer fees and more affordable financial services. Learn more at xxxx.xxx. Rate Schedule Effective ~~July~~ September 1, 2021 BECU Cash Back Visa® INTEREST RATES AND INTEREST CHARGES Annual Percentage Rate (APR) for Purchases Your APR will be 10.99% to 21.99%, based on your creditworthiness. This APR will vary with the market based on the Prime Rate. APR for Balance Transfers Your APR will be 10.99% to 21.99%, based on your creditworthiness. This APR will vary with the market based on the Prime Rate. APR for Cash Advances 10.99% to 21.99%, based on your creditworthiness. This APR will vary with the market based on the Prime Rate. How to Avoid Paying Interest on Purchases Your due date is at least 23 days after the close of each billing cycle. We will not charge you interest on purchases if you pay your entire balance by the due date each month. For Credit Card Tips from the Consumer Financial Protection Bureau To learn more about factors to consider when applying for or using a credit card, visit the website of the Consumer Financial Protection Bureau at xxx.xxxxxxxxxxxxxxx.xxx/xxxxxxxxx FEES Annual Fee None Transaction Fees Balance Transfer Cash Advance Foreign Transaction None None None Penalty Fees Late Payment Returned Payment Up to $25 Up to $25 How We Will Calculate Your Balance We use a method called “average daily balance (including new purchases).” See your Agreement for more details. How We Will Calculate Your Rate We will establish a margin of 7.74% to 18.74% based on your creditworthiness, and add this margin to the Prime Rate to determine your APR. Your APR and margin will be stated in a Credit Voucher provided to you if you open a credit card account under your Credit and Security Agreement.

Appears in 1 contract

Samples: Credit And

Common use of OTHER IMPORTANT TERMS AND CONDITIONS Clause in Contracts