Consumer Loan Rates

Consumer Loan Rate Disclosure
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SPRING LOAN SALE

The following loan rates are effective March 18th, 2010 and are subject to change. Please contact Northern Redwood Federal Credit Union for the latest rates:

Review Loan Terms and Conditions

Share Secured Loans

* Rates include 1/4% discount for payroll deduction or
auto transfer from NRFCU Share-Draft.

Rate	Maximum Term	Maximum Loan
3.55%	60 months	100% of unpledged shares

Unsecured / Signature Loans

* Rates include 1/4% discount for payroll deduction or
auto transfer from NRFCU Share-Draft.

Borrower Level	Rate	Maximum Term	Maximum Limit
Level A+	9.90%	60 months	$20,000.00
Level A	10.40%	60 months	$20,000.00
Level B	11.40%	60 months	$20,000.00
Level C	12.65%	60 months	$20,000.00
Level D (w/ comaker only)	14.00%	60 months	$20,000.00

Visa Loans

Loan Type	Rate	Maximum Limit
Unsecured A+	9.90%	$20,000.00
Unsecured A	11.90%	$20,000.00
Unsecured B	12.90%	$20,000.00
Unsecured C	14.90%	$20,000.00
Share Secured A+	5.90%	$20,000.00
Share Secured A	7.90%	$20,000.00
Share Secured B	8.90%	$20,000.00
Share Secured C	10.90%	$20,000.00

Autos, Pick-ups - Up to 5 years old (2005-2009)

*These rates include 1/4% discount for payroll deduction or
auto-transfer from NRFCU Share-Draft.

Borrower Level	1 to 60 Months	61 to 72 Months	73 to 84 Months
Level A+	4.20%	4.30%	4.40%
Level A	4.70%	4.80%	4.90%
Level B	5.70%	5.80%	5.90%
Level C	6.95%	7.05%	7.15%
Level D	8.20%	8.30%	8.40%

New Motorhomes, Boats, Motorcycles, Trailers; Autos 2003 or 2004.

*These rates include 1/4% discount for payroll deduction or
auto transfer from NRFCU Share-Draft.

Borrower Level	1 to 60 Months	61 to 72 Months	73 to 84 Months
Level A+	5.20%	5.30%	5.40%
Level A	5.70%	5.80%	5.90%
Level B	6.70%	6.80%	6.90%
Level C	7.95%	8.05%	8.15%
Level D	9.20%	9.30%	9.40%

Used Autos & Pick-ups 2002 and older; Used Motorhomes, Boats, Motorcycles, Trailers

* These rates include 1/4% discount for payroll deduction or
auto transfer from NRFCU Share-Draft.

Borrower Level	1 to 60 Months	61 to 72 Months	73 to 84 Months
Level A+	6.20%	6.30%	6.40%
Level A	6.70%	6.80%	6.90%
Level B	7.70%	7.80%	7.90%
Level C	8.95%	9.05%	9.15%
Level D	10.20%	10.30%	10.40%

Mobile Homes - New Owner-Occupied (80% LTV Max)

* These rates include 1/4% discount for payroll deduction or
     auto transfer from NRFCU Share-Draft.
** Non Owner Occupied add 1.00%; maximum loan 75% of value;
     maximum term 144 months.
     Fees Required: $300 processing, $83 tax/flood, $300 appraisal fee (local)

Borrower Level	0 to 60 Months	61 to 120 Months	121 to 180 Months	181 to 240 Months
Level A+	6.05%	6.25%	6.45%	6.65%
Level A	6.55%	6.75%	6.95%	7.15%
Level B	7.55%	7.75%	7.95%	8.15%
Level C	8.55%	8.75%	8.95%	9.15%
Level D	9.55%	9.75%	9.95%	10.15%

Mobile Homes - Used Owner-Occupied (80% LTV Max)

* Rates include 1/4% discount for payroll deduction or
     auto transfer from NRFCU Share- Draft.
** Non Owner Occupied add 1.00%; maximum loan 75% of value;
     maximum term 144 months.
     Fees Required: $300 Processing, $83 Tax/Flood and $300 Appraisal Fee (local).

Borrower Level	0 to 60 Months	61 to 120 Months	121 to 180 Months	181 to 240 Months
Level A+	7.05%	7.25%	7.45%	7.65%
Level A	7.55%	7.75%	7.95%	8.15%
Level B	8.55%	8.75%	8.95%	9.15%
Level C	9.55%	9.75%	9.95%	10.15%
Level D	10.55%	10.75%	10.95%	11.15%

1)   Level A+ Borrower: Experian/Fair Isaac Risk Score of 725 or more.
2)   Level A Borrower: Experian/Fair Isaac Risk Score between 650-724.
3)   Level B Borrower: Experian/Fair Isaac Risk Score between 600-649.
4)   Level C Borrower: Experian/Fair Isaac Risk Score between 550-599.
5)   Level D Borrower: Experian/Fair Isaac Risk Score of below 550.
6)   Loan terms are not guaranteed, and may be restricted based on:
       credit history; collateral age or condition; etc.
7)   When there are joint borrowers, the Fair Isaac Risk scores shall be
       averaged to determine the rate. When there is no Fair Isaac score,
       the level assigned shall be a "C" if there is no derogatory credit,
       and a "D" if there is any derogatory credit. When there is a
       co-maker, the Fair Isaac Score used shall be only that
       of the primary borrower(s).
8)   All rates are fixed for the term of the loan.
       Refinancing solely to alter rates will not be approved.
9)   Longer terms may be approved "case-by-case" with a rate increase of
       .10%/yr.
10) Maximum DMV titled loans are 100% of appraisal (Kelley Bluebook basis).
       Partially secured loans may be approved "case-by-case":
       with the interest rate to be the weighted average of the applicable
       secured and unsecured rate.
11) Only one discount will be given per loan.
12) For Business purpose loan requests, see separate NRFCU
       Business Loan Policy.
13) UCC1 secured loans given at 1.25% below the applicable unsecured rate.