As a member of Lincoln SDA Credit Union, you enjoy the many benefits we offer, including personalized service; optimal convenience; a voice in the way your credit union operates; and higher general earnings on your savings.
One of the most significant advantages we offer our members is lower interest rates on loans. Our loans offer you the best of both worlds, with an easy application and qualification process, plus a quick turnaround from beginning to end. Most importantly, though, when you take out a loan through Lincoln SDA Credit Union, you’ll enjoy more savings on the interest rates throughout the life of the loan. That means your loans cost you less.
Let’s take a look at some of the most popular loan categories and how the interest rates at credit unions differ from the industry average. (All data has been pulled from the NCUA’s annual analysis of credit union and bank interest rates.)
Auto Loans
Looking for a new set of wheels? Look no further than Lincoln SDA Credit Union! You won’t be under pressure to overspend or make a rash decision like you might be at the dealer’s lot. Instead, speak with one of our representatives who will be delighted to help you identify how much you can truly afford while in a relaxed and pressure-free environment. You’ll be working directly with the lender, so you won’t get duped into a deal that includes inflated rates that go directly toward someone’s commission. Most importantly, with rates that fall far below the industry average, you can sign with confidence, knowing you’re getting a fantastic deal.
Used Car Loan, 48 months:
Average industry rate: 5.55%APR (Annual Percentage Rate)
Average credit union rate: 3.75%APR
Used Car Loan, 36 months:
Average industry rate: 5.50%APR
Average credit union rate: 3.61%APR
New Car Loan, 60 months:
Average industry rate: 5.22%APR
Average credit union rate: 3.69%APR
New Car Loan, 48 months:
Average industry rate: 5.10%APR
Average credit union rate: 3.57%APR
Here at Lincoln SDA Credit Union, we offer used car loans beginning at a 3.5%APR, and new car loans beginning at a 3.0%APR. Stop by today to speak to a representative about applying for an auto loan.
Credit Cards
Why pay steep interest rates on a new credit card when you can get one at Lincoln SDA Credit Union at a rate that’s nearly two points lower than the national average?
Average industry rate on new credit cards: 13.61%APR
Average credit union rate on new credit cards: 11.80%APR
Here at Lincoln SDA Credit Union, we offer credit cards for our members with an interest rate of 8%APR.
Home Equity Line of Credit Loans
Are you looking to fund a home renovation or expansion? Or, do you want to tap into your home’s equity and take out a secured loan you can use any way you’d like? Consider taking out a home equity line of credit (HELOC) at Lincoln SDA Credit Union.
Home Equity Line of Credit, up to 80% of the home’s value:
Average industry rate: 5.85%APR
Average credit union rate: 5.54%APR
Here at Lincoln SDA Credit Union, we offer HELOC rates starting at 3.5%APR.
Personal Loans
When you need a bit of extra cash for a reason that doesn’t fit neatly into any other category, consider a personal loan at Lincoln SDA Credit Union. The application process is quick and easy, and you can use the extra money any way you please, from funding a dream vacation to paying for wedding expenses to covering the costs of adopting a child. With modest interest rates, you’ll enjoy an affordable payback plan throughout the life of the loan.
Average industry interest rate on fixed 36-month personal/unsecured loans: 10.31%APR
Average credit union interest rate on fixed 36-month personal/unsecured: 9.46%APR
Here at Lincoln SDA Credit Union, we offer fixed, 36-month Personal Loans beginning at an 7%APR.
You’ll always benefit when you choose Lincoln SDA Credit Union. As a nonprofit, member-owned cooperative, our only goal is your financial wellness. Call or message today today about taking out a low-interest loan of any kind.