Gowanda Area Federal Credit Union Rates

Rates

Risk-Based Lending Rates (Effective 10/28/2021)

Score      Share
  Secured    
Secured I - Purchase of
2018 or Newer - New & Used Vehicles, Motorcycles           
Secured II - Purchase of
2018 or Newer - Campers, Boats          
   72 Mos.
  *APR     
36 Mos.
*APR
48 Mos.
*APR
60 Mos.
*APR
72 Mos.
*APR
36/48 Mos.
*APR
60/72 Mos.
*APR
   A+    1.50% 2.50% 2.50% 2.75% 2.75% 3.00% 3.25%
A 1.50% 2.50% 2.50% 2.75% 2.75% 3.00% 3.25%
B 1.50% 3.50% 3.50% 4.00% 4.25% 3.75% 4.00%
C 1.50% 5.00% 5.00% 5.75% 6.25% 5.25% 5.50%
D 1.50% 7.00% 7.00% 8.00% 8.25% NA NA
E 1.50% 8.00% 9.00% 10.25%   NA NA

 

Score  Motorhomes, Park Model
5th Wheel Campers

Unsecured                 

  New
120 Mos. / 180 Mos.
*APR
Used 
84 Mos.
*APR 
36 Mos.
*APR
48 Mos.
*APR
60 Mos.
*APR
   A+     4.25% / 4.50% 4.75% 4.50% 4.75% 5.00%
A 4.25% / 4.50% 4.75% 4.50% 4.75% 5.00%
B 5.50% / 5.75% 6.00% 5.25% 5.50% 6.25%
C NA NA 7.25% 7.50% NA
D NA NA 9.25% 10.50% NA
E NA NA 13.25% NA NA

 

Secured III - ATVs, Snowmobiles, Tractors (N/U), Misc. Equipment  
  36 Months 48/60 Months 72 Months
A+,A 3.25% 3.75% 4.25%
B 4.25% 4.75% 5.25%
C 6.25% 6.75% 7.25%

 

  • All rates indicate Annual Percentage Rate (*APR)
  • Sales tax, maintenance agreements, extended warranties and miscellaneous charges can be included for A+, A and B borrowers for Secured I & Secured II categoies
  • Servicemembers Civil Relief Act:  Servicemembers may be eligible for a 6% annual percentage rate while on active duty
  • Contact the Credit Union for rate match or longer terms

  • Secured I & II - ability to match rates/term; add .50 basis points for longer terms each additional year up to 10 years; must be $25,000 and above for 72 month or longer term
     

VISA Classic Credit Card
Score Annual Percentage Rate
A+, A, B 7.99%
C 11.99%
D, E 15.99%
  • No annual or cash advance fees
  • No membership/participation fee
  • Fixed rate
     

Collateral Loans (not purchase) - secured by - 2011 or newer
Used Vehicles - Secured I - Purchase Loans for Models 2017 and older

Score           36 Months - APR 48-60 Months - APR
A+, A 3.75% 4.25%
B 4.75% 5.50%
C 6.25% 7.25%
D 7.75% 8.25%
E 8.25% NA

 

  • No down payment required
  • Terms on repayment vary based on amount financed, interest date, length of loan

Share Dividend Rates  (Posted 10/01/2021)

Account Tier Dividend Rate Annual Percentage Yield
Share and Club Accounts $0.00 - $299.99 None None
  $300.00 - $2499.99 0.03% 0.03%
  $2500.00 + 0.03% 0.03%
IRA Shares N/A .35% .35%

 

  • The above tier rates reflect dividends posted October 1, 2021 on deposits at the Credit Union for the period July 1, 2021 thru September 30, 2021 using the average daily balance method for share balances of $300.00 or more.
  • Minimum deposit is $5.00
    • To earn a dividend minimum, deposit is $300
  • Minimum balance is $5.00
    • To earn a dividend minimum balance is $300
  • Initial share amount to open account is $10
    • $5 to buy share in Credit Union
    • $5 to put in account