Loan Rates

GAP Insurance

Without GAP Insurance  With Gap Insurance
$20,000 New Car $20,000 New Car
- $17,000 Insurance Settlement - $17,000 Insurance Settlement
- -$3,000 Gap Coverage
You Owe $3,000 You Owe $0

Guaranteed Asset Protection Insurance is designed to "fill the gap" between what you owe on your vehicle, and what the insurance company pays if your car is totaled in an accident. GAP Insurance will also give you $1,000 cash toward a replacement car if you finance with the credit union again! The one time fee of $225 can even be included in your loan.

Don't get caught in the G A P!

Loan Rates Effective July 25, 2014 

Rates are subject to change without notice.

Fixed Rate Loans

Vehicle Rates as low as 2.00% APR*

*APR= Annual Percentage Rate.  Rates determined by member’s credit score, term of loan and age of vehicle.  Quoted rate is based on a 36 month term. Other great rates and terms available. Offer does not apply to existing NFFCU loans. Rates subject to change without notice. The monthly payment per $1,000 borrowed at 2.00% for 36 months is $28.65.

  • Automatic payment transfer (discount .25%)
  • 20% down vehicle loan (discount .25%)
  • Share draft account or VISA card (discount .25%)
  • Maximum discount .75%

Personal Signature Rates as low as 6.75% APR* 

Maximum signature loan limit will be based on credit history, up to a maximum of $30,000. Quoted rate is based on a 2 year term. Other collateral may be used as security for amounts above the signature limit. Overdraft protection and VISA limits are included in the signature limit. Rates subject to change without notice. The monthly payment per $1,000 borrowed at 6.75% for 2 years is $44.67.  

  • Automatic payment transfer (discount .25%)
  • Share draft account or VISA card (discount .25%)
  • Maximum discount .50%

Variable Rate Loan

Overdraft Protection

  • 3.50% APR* Above Index
  • Rate: 9.50% APR

The annual percentage rate is subject to change on the 1st day of February, May, August, and November based upon the average of the prior quarter's Federal Reserve prime rate, rounded up to the nearest ¼% (index), plus or minus the percentage shown above. Late charge is 10% of the payment or $25.00, whichever is greater and a Returned Payment Fee of $32.00 if your loan payment is returned unpaid for any reason. There is a $10.00 minimum deposit to open an account.

Deposit Secured

The annual percentage rate will be 3.5% APR* above the average dividend rate earned on the security accounts, rounded up to the nearest ¼%. The security for deposit secured advances must be maintained to the extent of the unpaid balance of the advance. When the average deposit yield changes, the annual percentage rate will change to reflect the new dividend rate. Exception to the deposit secured rate will be for an Overdraft Protection Loan. It will be written at the Overdraft Protection loan rate regardless of collateral.

Stock Secured

Only stock traded on the New York, American or over the counter exchange will be accepted. The maximum loan is 70% of the stock value.

Stock Secured Rates
Term Annual Percentage Rate Sample Payment
(per $1000 borrowed)
3 Years 4.99% APR* $29.97
4 Years  5.25% APR* $23.15
5 Years  5.75% APR* $19.22

General Information

  • Completed application from each applicant
  • Proof of income may be required.
  • 2 year tax return for self-employed
  • A signed contract by applicant (s) before funds can be disbursed
  • Proper identification is required for your protection
  • Vehicle applications should be accompanied by a copy of the dealer purchase order or a description of the vehicle
  • Written proof of insurance at time of loan disbursement
  • Collateral must be insured for collision and comprehensive coverage
  • Single and joint life and disability insurance available at an addition premium
  • Total indebtedness per member is limited to $750,000.00

Mortgage and Homeline (HELOC) Rates

First Mortgage - $500,000 maximum loan amount, fixed rate
Term 80% LTV* Sample Payment
(per $1000 borrowed)
5 Years 2.99% APR*  $17.97
10 Years  3.25% APR* $9.78
15 Years  3.75% APR* $7.28
20 Years 4.25% APR* $6.20
25 Years 4.50% APR*  $5.57

*LTV = Loan to value
Rates valid for 45 days from date of application.

Maximum loan to value is 80%. Offer valid for purchases and refinances. CT properties only. All rates and terms subject to change without notice. Homeowner’s insurance is required. Additional fees and closing costs apply. Contact NFFCU for an estimate of costs. Consult a tax advisor regarding the deductibility of interest. Rates subject to change without notice.

The Payments do not include amounts for taxes and insurance premiums, and the actual payment obligation will be greater than stated.

Note: Click here to see our mobile home/manufactured home rates.

Second Mortgage - $150,000 maximum loan amount, fixed rate
Term 80% LTV** Sample Payment
(per $1000 borrowed)
 90% LTV**  Sample Payment
(per $1000 borrowed)
5 Years As low as 3.75% APR* $18.31 As low as 5.25% APR*  $18.99 
10 Years  As low as 4.50% APR* $10.37  As low as 5.99% APR* $11.10 
15 Years  As low as 4.75% APR* $7.78  As low as 6.25% APR* $8.58 
20 Years As low as 5.99% APR* $7.17  N/A N/A 

** Loan to value. Maximum loan to value is 90%. Please contact the credit union for additional rate information. 

Rate Reduction Reward ~ Automatic payment transfer (discount .25%) from new or existing share draft account.

*APR= Annual Percentage Rate. Your rate will be determined by your credit score, loan to value and term of loan.  Maximum loan to value is 90%. Offer valid on Home Equity Loans of $10,000.00 or greater. Other great rates and terms available. Rates subject to change without notice. Title insurance may be required. Homeowner’s insurance is required. Consult a tax advisor regarding the deductibility of interest.

HOMELINE - (HELOC)
As low as 4.50%APR* Prime minus 1.00%  

*APR= Annual Percentage Rate. Your rate will be determined by your credit score and loan to value. Maximum loan to value is 90%. Rate is based on the Prime Rate as published in the Wall Street Journal on the last business day of the previous billing cycle.  As of 04/30/2012, the Prime Rate was 3.25%. The rate may vary monthly with changes to The Wall Street Journal Prime Rate. 80% LTV minimum rate, 4.50% APR, maximum rate 14.00% APR. 90% LTV minimum rate 6.00% APR, maximum 18.00%APR.  Title insurance may be required. Homeowners insurance is required.  The annual fee of $25.00 is waived for the first year. Consult a tax advisor regarding the deductibility of interest. Rates subject to change without notice. Other rates and terms available. Payment method example:  $10,000 X .0450/365 X 31 days= Monthly Payment