2008 | APR
 

Today's home mortgage market may seem like a place you'd rather not visit. But trust OECU, we'll guide you through all the best possible choices - making it worth taking the trip.

OECU gives you the flexibility of a Variable Rate Home Equity Line-of-Credit or a Fixed Rate Home Equity Loan - both at attractive special rates. You can use either loan by itself or both loans in combination.

The Home Equity Line-of-Credit can help you make future purchases without having to apply for another loan. The Fixed Rate Home Equity Loan provides the security of rate stability and can be used to meet a portion of your current financial needs.

OECU can help you with great rates on a First Mortgage as well.

 
Prime -1.25% APR
Variable Rate Home Equity Line of Credit

• No Annual Fee
• No Points
• No Application Fee
  
• No Minimum Initial Draw
• Closing Costs Paid by OECU

1. APR = Annual Percentage Rate. This is a variable rate and may change based on the Prime Rate as printed in the Wall Street Journal published 10 days prior to the end of each month. The rate is 4.00% as of April 30, 2008; is the best rate available only to OECU members with Tier A or better credit; and is based on an 80% loan to value, owner-occupied principal residence. This is a limited time offer, and rates are subject to change without notice. Appraisal, property and flood insurance may be required. Other competitive terms available for up to 90% of the value of your home. All loans subject to approved credit. The maximum APR could be as high as 25%.
2. Loan fees and closing costs, which generally total between $150 and $400, are waived. If the Credit Union pays these fees on your behalf and you close your Home Equity Line of Credit within the first three years of opening, you agree to reimburse the Credit Union for those fees.
   
3. This product cannot be used to refinance an existing OECU Home Equity Line-of-Credit. It can be used as an additional Line-of-Credit, subject to available equity and lien position. Interest Only payment options are available.
   

 
5.25% APR
60 Month Fixed Rate Home Equity Loan

• No application fee
• No pre-payment penalty
• No closing costs
  
• Best Rate Maximum Loan to Value of 80% (see disclosure)

1. The fixed rate of 5.25% (5.25% Annual Percentage Rate) is the best rate available only to Members with Tier A or better credit and is based on an 80% loan to value, owner-occupied, principal residence. Rates are subject to change without notice. Appraisal, property and flood insurance may be required. All loans subject to approved credit. Payment of $949.41 per month on a $50,000 loan with interest rate of 5.25% (5.25% Annual Percentage Rate) for 60 months. Other competitive rates and terms available up to 90% of the value of your home.
2. This product cannot be used to refinance an existing OECU Home Equity Loan. It can be used as an additional Home Equity Loan, subject to available equity and lien position.

For more information and/or to apply for a loan, call our 24/7 Loan Center at 1-800-552-6328, ext. 5 or contact any OECU office.

 
OECU Visa® Card - getting all the credit you deserve

Credit cards are pretty much a necessity these days. So OECU wants you to have the card that best suits your specific financial needs and your unique lifestyle.
VISA® Platinum Card

• Low 7.90% APR Fixed Rate*
• Same Low Rate for Cash Advances and Purchases
  
• No Annual Fee
• 25-Day Grace Period on Purchases

OECU VISA Card Rewards Program

OECU VISA® Card Rewards Program lets you to earn rewards - like airline tickets, cruises, hotel stays, car rentals and a variety of merchandise - just by using your OECU VISA Card. Apply in person, online or through our 24-Hour Loan Application Department. For Rewards Program information, contact our 24-hour Card Holder Service Center at (800) 790-7728.

* Rate is the best rate available only to Members with Tier A+ credit. Subject to change without notice. Rates current as of April 30, 2008.