HCTA Federal Credit Union
3454 Ellicott Center Drive
Ellicott City, MD 21043
410 461-2257 FAX 410 461-4691
www.hctafcu.org
info@hctafcu.org

Holiday Loan Program

Program to start October 27, 2008 - January 30, 2009

$4,000 Loan Limit

9.9% - 12.9% APR

Rate depends on credit report information.
Repayment period of 39 Bi-Weekly pays (18 mo.)

If loan is $4,000 at 12.9% APR your estimated payment will be $114.90 for 39 bi-weekly payments, including life and disability. Prior Holiday Loans must be paid off with new loan.

 

4.75% Car Loans

Promotional rate for a limited time only
October 15 through December 30, 2008

2003-04 vehicles up to 36 months
2005-06 vehicles up to 48 months
2007-08 vehicles up to 60 months
New Vehicles $25,000 and over  72 months

Example: If loan is $20,000 at 4.45% APR your estimated payment will be $184.19 for 130 bi-weekly payments, including life and disability insurance.

Not Applicable for current member loans.

Skip-A-Pay

A a special reward for membership.  HCTA FCU invites you to relax and take a break during the Holiday Season on your loans. 
You are welcome to skip a loan payment if:

You have made at least 4 months consecutive payments on your loan (bi-weekly & semi-monthly)
and you HCTA FCU loan payments are current and accounts are in good standing.

The Skip-a-Loan Payment gives you the option to skip your last pay in November and both payments in December 2008 for bi-weekly and semi-monthly pays.  Members that pay monthly will be required to pay 1/2 of their November payment.  The payroll deduction and/or direct deposit payment will be deposited in your regular share (savings) account and then made available to you for withdrawal.  The interest on the loan continues to accrue, and all other terms and provisions remain unchanged.  If you carry disability or life insurance on the loan, these charges will continue to accrue.  Acceptance of this offer will extend the term of your loan.

Fees for payments by payroll deduction will be applied from the first payment. 
All other payment methods must send fee(s) with application.

Once we have received your signed request, we will notify you by mail if approved.  All thse signed on the promissory note must sign this form to be considered.  There is a $25 one time per loan account, processing fee for skipped payments.  This fee will be taken from the first payment skipped.  Example:  If you have 3 loans on which you wish to skip payments, your total fee will be $75.

Print and then MAIL or FAX to HCTA Federal Credit Union

_________________________________________________________________________        __________________________
Loan Account #'s & Loan Suffixes to be skipped                                                                                Date Signed

____________________________________________                           _____________________________________________
Member's Name printed                                                                               Co-signer / Guarantor name printed

____________________________________________                           ______________________________________________
Member's Name signed                                                                                Co-signer / Guarantor name signed