Collection Costs: You agree to pay all costs of collecting the amount you owe under this Agreement, including court costs and reasonable attorney fees.
Late Charges: If your payment is more than 15 days past due you will be required to pay a late charge of 5% of the payment amount.
- The Annual Percentage Rate received will be within the range disclosed above. The rate will be based on each member’s creditworthiness, term of the loan, and value of collateral offered compared to amount of loan. Please ask for the rate that you qualify for.
- Minimum Payment: The payment on your Overdraft Line of Credit will be $4.00 monthly or $2.00 bi-weekly for each $100 or fraction of $100 of your unpaid balance. For all other sub-account, your minimum payment will never be less than$50.00 per month.
- Savings Secured:Pledged Funds must be in a RPEFCU Savings Account.
- Annual Percentage Rate (APR) is based on the prime rate plus a margin and is subject to change monthly.
- Must maintain adequate insurance.
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