Rates Effective October 1, 2023

  • Auto and Recreational Loans
      Fixed APR
    New Auto 4.99%* - 16.75%
    Used Auto 5.99% - 18.00%
    New Boat, Motor, Trailer 8.00% - 18.00%
    Used Boat, Motor, Trailer 8.50% - 18.00%
    New or Used Motor Home 8.00% - 18.00%
    New Camper or Motorcycle 8.00% - 18.00%
    Used Camper or Motorcycle 8.50% - 18.00%

    Rates effective as of October 1, 2023 and are the Credit Union's best rates. Rates may vary depending on each borrower's credit history and underwriting factors.

    *Must purchase a new auto, or refinance a new auto from a financial institution other than Founders Federal Credit Union. Pay as low as 4.99% on your auto loan with 36 monthly payments of $298.00 for each $10,000 borrowed. New vehicle securing the loan must be current or previous model year. See your loan officer for more details or for information on financing used autos. Rates, terms, and conditions subject to change without notice.

  • Personal Loans
      Fixed APR
    Personal Line of Credit 11.40% -18.00%
    Personal Loan 11.40% - 18.00%
    Educational Loan 11.40% - 18.00%

    Rates effective as of October 1, 2023 and are the Credit Union's best rates. Rates may vary depending on each borrower's credit history and underwriting factors. Rates, terms and conditions are subject to change without notice.

  • Credit Cards
      APR on Purchases & Cash Advances1
    Mastercard Essential Credit Card 14.25% - 17.90%
    Mastercard Life Rewards Credit Card 16.25% - 17.90%
    Mastercard Extra World Credit Card 17.90% - 17.90%

    1 Qualifications for any of Founders Credit Card Accounts are based on the credit union's criteria, including applicant's income and credit history. If you are approved for a Founders Credit Card, your monthly statement will indicate the APR assigned to your account. APR ranges will vary with the market based on the Prime rate. Rates, terms and conditions determined by an evaluation of credit history and underwriting factors and are subject to change.

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  • Home Equity Line of Credit
      Fixed APR Variable APR Discount Points
    Home Equity Line of Credit n/a 8.50% - 13.50% 0.00%

    Home Equity rates based on the prime rate which is the highest prime rate published in the Money Rates Table of the Wall Street Journal. Prime is a variable rate; as it changes, the APR on your account will also change. The APR will be based on the prime rate plus a margin of up to 6.00%. The maximum APR that can apply is 18.00%. Credit is subject to approval and your APR may vary based on evaluation of credit. A home equity line of credit is secured by a first or second mortgage lien on your primary home, which must be a one-to four- family residential real estate. This type of credit is not available for single-wide mobile homes or cooperatives. The minimum line of credit amount is $10,000.00 (estimate). All closing costs are the sole responsibility of the borrower and may vary up to $1,300.00. Flood and/or property hazard insurance may be required. Other restrictions may apply. All Credit Union loan programs, rates, terms and conditions are subject to change at any time without notice.

  • Mortgage Loans
      LTV Discount Points Rate APR Payment* Payment at Max Interest Rate PMI
    15-Year Fixed Up to 90% 1% 6.625% 6.805% $1,306.60   No
    20-Year Fixed Up to 90% 1% 6.875% 7.021% $1,144.00   No
    30-Year Fixed Up to 80% 1% 7.00% 7.112% $992.40   No
    7/1 Adjustable Rate Up to 90% 1% 6.875% 6.986% $985.96 In 10th year $1,585.79 No
    15/15 Adjustable Rate Up to 90% 1% 7.00% 7.112% $992.40 In 16th year $1,385.42 No
    5/5 Adjustable Rate Up to 90% 1% 7.375% 7.49% $1,030.03 In 16th year $1,432.04 No
    Double Wide Mobile Home Up to 90% 1% 8.625% 8.781% $1,303.69 In 4th year $1,812.68 No
    7/1 Adjustable First Time Homebuyer Up to 100% 0% 8.125% 8.137% $1,114.46 In 10th year $1,654.10 No

    *Payment Examples based on a $150,000.00 loan.

    Rates are current as of October 1, 2023 and are the Credit Union's best rates. Other rates and terms vary depending on the type of loan, loan to value ratio, credit evaluation and underwriting requirements. For variable rate mortgage products, APR is subject to increase or decrease. APR reflects the actual annual cost of a loan including the loan interest rate, any discount points, and applicable fees. Flood, property insurance, and taxes, if applicable, are not calculated in the payment example. Actual payment obligation will be greater if an escrow account is required. All Credit Union loan programs, rates, terms and conditions are subject to credit approval and may change at any time without notice.

    All rates will vary depending on individual creditworthiness and the Credit Union's underwriting standards.

    The SAFE Act requires a mortgage loan originator to register with the Nationwide Mortgage Licensing System and Registry and provide their Mortgage Loan Originator Identifier number to a consumer when engaging in a mortgage loan transaction. You may obtain information about the Mortgage Loan Originator by accessing the Nationwide Mortgage Licensing System and Registry at www.nmlsconsumeraccess.org.