Rates & Fees

Loan Types & Rates

Auto LoansAmountMonthsAPR*Monthly Payment
per $1000
New Car (2 Years and Under – Less than 20,000 Miles)Up to $90,000Up to 844.9%$14.09
Used Car (5 Years and Under)Up to $60,000Up to 725.5%$14.30
Used Car (Over 5 Years to 10 Years)Up to $50,000Up to 60 8.9%$20.56
Used Car (Over 10 Years)Up to $15,000Up to 3610.9%$32.39
*APR = Annual percentage rate

Other Loan Types Available

Loan TypeAmountMonthsAPR*Monthly Payment
per $1000
Personal$10,0003612%$32.89
Share Secured$50,000724%$15.59
Homeowners Special$20,000609.9%$21.03
Medical Assistance$10,000488.9%$24.66
Educational Assistance$10,000608.9%$20.56
*APR = Annual percentage rate

Fee Schedule

Fee DescriptionAmount / Frequency
Returned Statement Fee$10.00 per Quarter
Dormant Account Fee$10.00 per Quarter
Below Minimum Balance Fee$5.00 per Quarter
Late Fee on Loan Payments$50.00 at 30 Days Overdue
Transaction Fee Over 5 per Month$25.00 per Month
Escheating Processing Fee$25.00 per Escheatment

Norwood Town Employees Federal Credit Union 2026