Member Updates

For the well-being and safety of our members, employees and community, effective Saturday, March 21st, FRMCU's branches will accept transactions through Drive-Up Banking ONLY.

Branch lobbies will be closed until further notice.

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Rates

Rates are current as of 

March 19, 2020

ANNUAL PERCENTAGE RATE (APR)***MONTHLY PAYMENT PER $1000 (BASED ON LONGEST TERM & DIRECT PAY APR)APR WITH DIRECT PAY*TERM
Unsecured Credit Card Consolidation Loan (Maximum $10,000)As Low As
5.50% **		$23.26As Low As
5.25% **		Up to 48 months
Unsecured
(Maximum $10,000)		As Low As
8.50% **		$24.65As Low As
8.25% **		Up to 48 months
Bonus Rewards Credit CardTo Apply: visit www.FRMCU.com or stop in any of our conveniently located branch offices located in Fall River and Assonet.Revolving
Fully Secured
(Maximum $40,000)		3% over collateral pledged
New Auto (2020-2019)
Used Auto (2010-2020)****		As Low As
3.74% **		$29.41As Low As
3.49% **		36 MONTHS
New Auto (2020-2019)
Used Auto (2010-2020)****		As Low As
3.99% **		$22.58As Low As
3.74% **		48 MONTHS
New Auto (2020-2019)
Used Auto (2010-2020)****		As Low As
4.24% **		$18.53As Low As
3.99% **		60 MONTHS
New Auto (2020-2019)
ONLY		As Low As
3.99% **		$15.64As Low As
3.74%**		72 MONTHS
Recreational Vehicles
New/Used
(Maximum $50,000)		As Low As
7.50% **		$10.55As Low As
7.25% **		Up to 144 months
Boats
New/Used		As Low As
7.50% **		$10.55As Low As
7.25% **		Up to 144 months
Motorcycle
New (2020-2019)
Used (2010-2020)		As Low As
5.65% **
5.65% **		$19.17
$23.32		As Low As
5.40% **
5.40% **		Up to 60 months
Up to 48 months
Overdraft ProtectionAs Low As
8.25% **		N/AN/AN/A
HEAT LOANANNUAL PERCENTAGE RATE (APR)***MONTHLY PAYMENT PER $1000 (BASED ON LONGEST TERM & DIRECT PAY APR)LIMITED LOAN AMOUNTTERM
Heat Loan0.00%$9.70Minimum loan amount is $2,000.00 to Maximum loan amount is $25,000.00Up to 84 months
EQUITY PROGRAMS 1,3ANNUAL PERCENTAGE RATE (APR)***MONTHLY PAYMENT PER $1000 (BASED ON LONGEST TERM & DIRECT PAY APR)APR WITH DIRECT PAY*TERM
Loan to Value up to 80% of Appraised Value.*** Minimum $10,000 - Maximum $175,000
FREEDOM FIRST HOME EQUITY LOAN 2As Low as
3.24% **		$17.96As Low As
2.99% **		5 Years
FREEDOM FIRST HOME EQUITY LOAN 2As Low as
3.99 % **		$10.00As Low As
3.74% **		10 Years
FREEDOM FIRST HOME EQUITY LOAN 2As Low as
3.99 % **		$7.27As Low As
3.74% **		15 Years
FREEDOM FIRST FIXED RATE LINE OF CREDIT 2As Low as
5.00% **		$13.90N/A10 Years
(3 year draw period / 7 year repayment)
FIXED RATE HOME EQUITY LOANAs Low as
4.24% **		$18.40As Low as
3.99% **		5 Years
FIXED RATE HOME EQUITY LOANAs Low as
4.99% **		$10.48As Low as
4.74% **		10 Years
FIXED RATE HOME EQUITY LOANAs Low as
4.99% **		$7.77As Low as
4.74% **		15 Years
FIXED RATE LINE OF CREDITAs Low as
6.00% **		$14.61N/A10 Years
(3 year draw period / 7 year repayment)
 
Variable Equity Line of CreditPrime Rate
Prime Rate is currently 3.25%. The interest rate is based on the Prime Rate as published in the Wall Street Journal. Maximum rate of 18%.		15 Years (5 year draw period 10 year repayment)
MEMBER BUSINESS LOANS***
FINANCING AVAILABLE FOR INVESTMENT PROPERTY. PLEASE CONTACT THE CREDIT UNION FOR DETAILS.
 
If you’re looking to improve or refinance/purchase multifamily property we have the solutions you can use. We offer a variety of competitively priced Member Business Loan Products for your Multifamily needs. Rates & Terms are subject to credit quality review. Contact us at Fall River Municipal Credit Union for additional information.

NMLS ID# 410816

* Direct Pay rate reflects discount for automatic repayment made from your FRMCU Checking Account, and may change if direct pay is canceled.
** Annual Percentage Rates are determined by individual credit worthiness and subject to credit approval. Additional rates and terms may be available.
*** Some restrictions apply.
****2000 and older add 2.00% to current rate.
Annual Percentage Rate(s) subject to change without notice.
1 Appraisal fee required. Appraisal costs range from $189.00 to $649.00
2 FRMCU must be in 1st lien position. Property must be an owner-occupied 1-4 Family dwelling. Annual Percentage Rate will be determined by individual credit worthiness.  3. Additional fee when title is held in Any type of Trust ownership of Life Estate.

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