Find a loan on your terms
As a member of MSGCU, you benefit from loans with lower rates because we're a not-for-profit credit union focused on you. When you need to borrow money, MSGCU should be your first choice.
Vehicles
| Car Loan, Truck Loan, or SUV Loan | |
| Model Years | APR* as low as |
| 2016 & Newer | 5.74% |
| 2011 to 2015 | 6.49% |
| 2010 & Older | 8.99% |
Example: A loan amount of $20,000 with a rate as low as 5.74% APR for 60 months would have an approximate monthly payment of $384.26. | |
*APR=Annual Percentage Rate. Offer requires Automatic Loan Payment transfer. Loan terms up to 84 months, depending on model year. APR may be higher, based on term of loan, credit score, collateral, and loan to value. 76-84 month loans require a minimum of $20,000 to finance. New money only. Rates are subject to change at any time. Same-day approval on most vehicle applications. Contact Member Service Representative for more details. | |
| RV Loan | ||
| 5th Wheels, Trailers, Campers | ||
| Loan Amount | APR* as low as | Term |
| $50,000 and Over | 7.49% | Up to 240 Months |
| Between $25,000 - $49,999 | 7.49% | Up to 180 Months |
| Up to $24,999 | 7.49% | Up to 144 Months |
Example: A loan amount of $40,000 with a rate as low as 7.49% APR for 180 months would have an approximate monthly payment of $370.67. | ||
*APR=Annual Percentage Rate. Offer requires Automatic Loan Payment transfer. Loan terms up to 240 months, depending on amount financed. APR may be higher, based on amount financed and credit score. New money only. Rates are subject to change at any time. Same-day approval on most RV applications. Contact Member Service Representative for more details. | ||
| Marine Loan | ||
| Loan Amount | APR* as low as | Term |
| $50,000 and Over | 7.49% | Up to 240 Months |
| Between $25,000 - $49,999 | 7.49% | Up to 180 Months |
| Up to $24,999 | 7.49% | Up to 144 Months |
Example: A loan amount of $40,000 with a rate as low as 7.49% APR for 180 months would have an approximate monthly payment of $370.67. | ||
*APR=Annual Percentage Rate. Offer requires Automatic Loan Payment transfer. Loan terms up to 240 months, depending on amount financed. APR may be higher, based on amount financed and credit score. Marine Survey may be required. New money only. Rates are subject to change at any time. Same-day approval on most Marine applications. Contact Member Service Representative for more details. | ||
| Powersports | ||
| Jet Ski, ATV, Motorcycle, Snowmobile | ||
| Loan Amount | APR* as low as | Term |
| $30,000 and Over | 7.74% | Up to 144 Months |
| Between $10,000 and $29,999 | 7.49% | Up to 120 Months |
| Up to $10,000 | 7.39% | Up to 84 Months |
Example: A loan amount of $12,000 with a rate as low as 7.49% APR for 60 months would have an approximate monthly payment of $240.42. | ||
*APR=Annual Percentage Rate. Offer requires Automatic Loan Payment transfer. Loan terms up to 144 months, depending on amount financed. Loan to Value up to 135%. APR may be higher, based on amount financed, term of loan, and credit score. New money only. Rates are subject to change at any time. Same-day approval on most Powersport applications. Contact Member Service Representative for more details. | ||
Home Equity
| Home Equity Loan - 2nd Lien | ||
| Type | Term | APR* as low as |
| Fixed - 80% Loan-to-Value | 1-5 Years | 6.25% |
| Fixed - 80% Loan-to-Value | 6-10 Years | 6.75% |
| Fixed - 80% Loan-to-Value | 11-15 Years | 6.99% |
| Fixed - 90% Loan-to-Value | 1-5 Years | 6.50% |
| Fixed - 90% Loan-to-Value | 6-10 Years | 6.99% |
| Fixed - 90% Loan-to-Value | 11-15 Years | 7.25% |
Example: A loan amount of $15,000 at 60 months with up to 80% Loan-to-Value and a rate as low as 6.25% (second lien) would be approximately $291.76. | ||
*Annual Percentage Rate (APR) may be higher, based on term of loan, credit score, collateral, and loan to value. Ask an MSGCU Representative for details. | ||
| Home Equity Line of Credit (HELOC) | ||
| Type | Term | APR* as low as |
| Variable - 80% Loan-to-Value | 10-year draw period; 15-year repayment |
7.50% |
| Variable - 90% Loan-to-Value | 10-year draw period; 15-year repayment |
8.25% |
*APR = Annual Percentage Rate. Rates may vary, based on term, credit history, collateral, and whether this loan will serve as a first or second lien. Variable rates are tied to market index (or prime rate), not to exceed 18.0% APR. Minimum initial credit advance required based on credit limit. $75 annual fee may apply and third party fees paid by MSGCU to be reimbursed up to $500 if line of credit is closed within 36 months of loan opening. Michigan properties only. | ||
| Interest-Only Home Equity Line of Credit (IO-HELOC) | ||
| Type | Term | APR* as low as |
| Variable - 80% Loan-to-Value | 10-year draw period; 15-year repayment |
7.50% |
| Variable - 90% Loan-to-Value | 10-year draw period; 15-year repayment |
8.50% |
*APR = Annual Percentage Rate. Rates may vary, based on term, credit history, collateral, and whether this loan will serve as a first or second lien. Variable rates are tied to market index (or prime rate), not to exceed 18.0% APR. No initial credit advance required. No annual fee. Interest calculated on current balance only. Interest-only payments are not applied to loan principal. Third party fees paid by MSGCU to be reimbursed up to $500 if line of credit is closed within 36 months of loan opening. Michigan properties only. | ||
Visa and Personal
| Visa Rates | ||
| Type of Card | Low APR* | Minimum Limit |
| Titanium Visa | 9.75% | $5,000 |
| MSGCU Rewards Visa | as low as 13.75% | $5,000 |
| Classic Visa | 12.75% | $500 |
| Youth Classic Visa | 12.75% | $300 |
*Annual Percentage Rate. The MSGCU Rewards Visa APR is variable based on prime. Credit subject to approval. Normal credit standards apply. See MSGCU Representative for details. Review complete rates and terms. | ||
| Personal Line of Credit (Instant Credit) | ||
| Type | APR* as low as | Term |
| Variable | 11.00% | None |
*APR = Annual Percentage Rate. Initial rate may change. Variable-rate loan may change quarterly based on the Wall Street Journal Prime Rate. Maximum APR is 18.00%. Contact Member Service Representative for more details. | ||
| Personal Signature Loan | ||
| Type | APR* as low as | Term |
| Fixed | 9.50% | Up to 36 Months |
| Fixed | 10.25% | Up to 60 Months |
| Fixed | 11.50% | Up to 72 months |
Example: A loan amount of $5,000 with a rate as low as 9.50% APR for 36 months would have an approximate monthly payment of $160.17. | ||
*APR=Annual Percentage Rate. Rates based on term and credit score. Minimum loan term of 1 month and maximum APR 19.25%. Contact Member Service Representative for more details. | ||
| Member Fast Cash | Life Event Loan | |||
| Health care/injury, pet emergency, home repair, auto repair | |||
| Loan Amount | Term | APR* as low as | Loan Fee |
| $1,000 - $4,000 | 6 - 42 Months | 20.40% | $25 |
Example: A loan amount of $2,250 with a rate of 21.006% APR for 30 months would have an approximate monthly payment of $95.37. | |||
*APR = Annual Percentage Rate. Borrower must be a member for at least three months. All loans subject to approval. Rates are subject to change at any time. Contact a Member Service Representative for more details. | |||
| Share Secure Loan | ||
| Type | APR* as low as | Term |
| Fixed Rate | 2.65% | Up to 36 months |
| Certificate of Deposit Loan - Fixed Rate | Contact us | Up to one month prior to CD maturity |
| Variable Rate | 5.86% | No term limit |
Example: A loan amount of $5,000 at 2.65% APR for 36 months would have an approximate monthly payment of $144.64. | ||
*APR = Annual Percentage Rate. All loans subject to approval. Rates are subject to change at any time. Contact a Member Service Representative for more details. | ||
Specialty
| Classroom Loan | |
| $500 maximum amount | |
| Term | APR* |
| Up to a 10-month term | 0.00% |
Example: A loan amount of $500.00 at 0.0% for 10 months would have a monthly payment of $50.00. | |
*Annual Percentage Rate. Credit subject to approval. Normal credit standards apply. | |
| First Responder Loan | |
| $1,000 maximum amount | |
| Term | APR* |
| Up to a 12-month term | 0.00% |
Example: A loan amount of $1,000 at 0.0% for 12 months would have an approximate monthly payment of $83.33. | |
*Annual Percentage Rate. Credit subject to approval. Normal credit standards apply. | |
‡Edmunds 2023: Michigan Car Loan Rates (APR) in the U.S. for Used and New Cars; https://www.edmunds.com/car-loan-apr-interest-rate.