Rates & Fees

Loan Types & Rates

Auto LoansAmountMonthsAPR*Monthly Payment
per $1000
New / Used Car (2024-2026)Up to $90,000Up to 845.5%$14.30
Used Car (2021-2023)Up to $50,000Up to 727.9%$17.37
Used Car (2016-2020)Up to $30,000Up to 60 8.9%$20.56
Used Car (2015 years or over)Up to $25,000Up 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$20,000608.9%$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 2025