| MINNEQUA WORKS CREDIT UNION |
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| PROPOSED INTEREST RATES / TERM TABLES and LIMIT TABLES |
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| SHARE SECURED - 100% |
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| ALL SHARE SECURED LOANS, IF APPROVED AND REGARDLESS OF |
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| SCORE, CAN BE WRITTEN FOR TERMS UP TO 72 MONTHS AT 5.75% |
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| HALF SHARES / HALF SIGNATURE: |
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| WILL BE GRANTED TO A+, A AND B APPLICANTS FOR TERMS UP TO 60 MONTHS AT
7.00% |
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| CERTIFICATE SECURED LOANS: |
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| WILL BE WRITTEN AT 2.00% ABOVE THE DIVIDEND RATE PAID ON THE CERTIFICATE
PLEDGED, |
| ROUNDED UP TO THE NEAREST .25 PERCENT, BUT NO LESS THAN 5.75%. MAXIMUM
TERM |
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| IS THE LENGTH OF TIME REMAINING ON THE CERTIFICATE. |
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| EFFECTIVE |
7/1/2007 |
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UP TO PUBLISHED RETAIL VALUE: |
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LOAN TO VALUE LEVELS |
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| Grade |
Credit Score Levels |
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24-66 MO'S |
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72 MO'S |
84 MO'S |
| A+ |
730 AND ABOVE |
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125% |
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125% |
125% |
| A |
680 - 729 |
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125% |
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125% |
100% |
| B |
650 - 679 |
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125% |
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100% |
80% |
| C |
610 - 649 |
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90% |
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80% |
NA |
| D |
550 - 609 |
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80% |
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NA |
NA |
| E |
BELOW 550 |
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70% |
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NA |
NA |
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| Vehicles |
Auto, Truck, Motorcycle, MH's, Trailers |
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2004 Throuh Current Model Year |
UP TO PUBLISHED RETAIL VALUE: |
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| Terms/Repayment Period (months) |
| Grade |
36 |
48 |
60 |
66 |
72 20K+ |
84 30K+ |
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| A+ |
6.05% |
6.35% |
6.45% |
6.60% |
7.05% |
7.55% |
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| A |
6.25% |
6.55% |
6.65% |
6.80% |
7.25% |
7.75% |
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| B |
7.29% |
7.79% |
7.89% |
8.04% |
8.49% |
8.99% |
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| C |
9.50% |
9.80% |
9.90% |
10.05% |
NA |
NA |
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| D |
14.00% |
14.00% |
14.25% |
14.50% |
NA |
NA |
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| E |
18.00% |
18.00% |
18.25% |
18.50% |
NA |
NA |
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| Vehicles (USED) |
Auto, Truck, Motorcycle, MH's, Trailers |
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1999 Through 2003 Models |
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UP TO PUBLISHED RETAIL VALUE: |
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| Terms/Repayment Period (months) |
| Grade |
36 |
48 |
60 |
66 |
72 |
MAXIMUM TERM |
| A+ |
6.55% |
6.85% |
6.95% |
7.10% |
7.55% |
2001 |
72 |
| A |
6.75% |
7.05% |
7.15% |
7.30% |
7.75% |
2000 |
66 |
| B |
8.09% |
8.39% |
8.49% |
8.54% |
8.99% |
1999 |
60 |