One loan, three ways to apply
Get pre-approved for that new car or recreational vehicle you’ve been eyeing and we’ll put fast, local financing behind it.
Benefits You’ll Love
- Access competitive rates and customized terms
- Get a potentially lower rate when you refinance
- Work with friendly, attentive lenders for fast, local processing
- No payments for 90 days*
- Flexible terms that fit your budget
- Pre-approval available for extra bargaining power at the dealership
- Refinance your current vehicle to potentially lower your rate
- Quick, local decision-making and processing
- Attentive, friendly service from start to finish
HOW YOU CAN TAKE ADVANTAGE:
- Apply online
- Call to apply at 409.727.1446
- Visit one of our five branches
- Terms up to 15 years* on a wide range of recreational vehicles:
- RVs
- Boats
- Travel trailers
- Flexible terms that fit your budget
- Pre-approval is available for extra bargaining power at the dealership
- Refinance your current recreational vehicle to potentially lower your rate
- Quick, local decision-making and processing
- Attentive, friendly service from start to finish
- Loans are offered on ATVs, golf carts, lawnmowers, tractors, and cargo trailers for a different rate than the items stated above – Contact the CU to learn more
- Terms up to 15 years* for the boat of your dreams
- Flexible terms that fit your budget
- Pre-approval is available for extra bargaining power at the dealership
- Refinance your current boat to potentially lower your rate
- Quick, local decision-making and processing
- Attentive, friendly service from start to finish
- Loans are offered on jet skis for a different rate than the items stated above – Contact the CU to learn more
- Flexible terms that fit your budget
- Pre-approval is available for extra bargaining power at the dealership
- Refinance your current motorcycle to potentially lower your rate
- Quick, local decision-making and processing
- Attentive, friendly service from start to finish
- Motorcycle loan rates are listed as "Other Collateral Loans" on our rate tables
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Why should I get pre-approved for an auto loan?
A pre-approval shows you have funding secured and can give you extra bargaining power at the dealership. Getting pre-approved with a lender rather than financing at the dealership also helps you avoid the added credit hits from a dealership sending your information out to multiple lenders, meaning your credit is less affected.
How do I pay my loans?
You can call, pay online via online/mobile banking, pay online via another financial institution, or visit us in-branch.
Do I need to be a member before I can apply for a loan?
To receive a loan from MCT, you must be a member. If you are not currently a member, MCT would ensure you are eligible to be a member first, then process your loan application. If your loan application is denied, you do not have to move forward with opening your membership.
What documents do I need to submit a loan application?
You’ll need to know how much you want to borrow, plus the following for all loan applicants:
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- Current employment information
- Income before taxes
- Housing information
- Collateral information, if known (such as year, make, model, etc)
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Does MCT offer home loans?
Yes, please refer to our Home Loan overview (hyperlink) https://www.mctcu.org/loans-and-credit/home-loans to see the types of loans offered.
*Term based on financed amount. Loans are subject to approval based on credit history, income, and collateral. Rates are subject to change without notice. Restrictions apply. Please see Credit Union for additional details.
90 days, no pay is subject to final review and approval. Interest will accrue on your loan during this deferral period.
Use this calculator to determine your projected earnings from our Kasasa Cash account. Move the sliders or type in the numbers to see your potential rewards.
- Estimated Annual Rewards $0
- Estimated monthly interest earned* $0
- Monthly ATM fees refunded**$0
This calculator compares the costs of buying or leasing a vehicle. There are three sections to complete, and you can adjust and experiment with different scenarios.
- Net cost of buying $0
- Net cost of leasing $0
A fixed-rate, fixed-term Share Certificate can earn higher returns than a standard savings account. Use this calculator to get an estimate of your earnings. Move the sliders or type in numbers to get started.
- Total value at maturity $0
- Total dividend earned $0
- Annual Percentage Yield (APY)0.000%
Whether it's a down payment, college, a dream vacation...a savings plan can help you reach your goal. Use the sliders to experiment based on length of time and amount per month.
- Monthly deposit needed to reach goal $0
This calculator can help you get a general idea of monthly payments to expect for a simple loan. Move the sliders or type in numbers to get started.
- Estimated monthly payment $0
- Total paid $0
- Total interest paid $0
Credit Cards
Card Type | Intro APR For initial 6 months* | APR for Purchases, Balance Transfers, & Cash Advance after intro APR if applicable* |
---|---|---|
VISA Platinum | 3.90% | 13.25% - 17.99% |
*Introductory APR applicable until the first day of the billing cycle includes the six-month anniversary date of the opening of your account. Restrictions apply to be eligible to receive the Introductory APR. Your exact rate is based on your creditworthiness. Ask a loan officer about the rate you qualify for. The periodic rate used to compute the FINANCIAL CHARGE for purchases is based on an index (the “Index”), which is the Prime Rate as published in the Money Rates section of The Wall Street Journal on the last business day of the month and is subject to change monthly.
Kasasa Cash*
Level 1 Balance | Minimum Opening Deposit | Rate | APY |
---|---|---|---|
0 - $15,000 | $5 | 2.48% | 2.51% |
$15,000+ | $5 | 0.50% | 2.51% to 0.76% |
All balances if qualifications not met | $5 | 0.05% | 0.05% |
Level 2 Balance | Minimum Opening Deposit | Rate | APY |
---|---|---|---|
0 - $15,000 | $5 | 5.85% | 6.01% |
$15,000+ | $5 | 0.50% | 6.01% to 1.22% |
All balances if qualifications not met | $5 | 0.05% | 0.05% |
Qualifications
It is so easy to qualify, you are probably already doing it. Enrollments must be in place and all of the following transactions and activities must post and settle to your Kasasa Cash® account during each Monthly Qualification Cycle:
Level 1
- At least 10 debit card purchases
- At least 1 ACH debit, 1 direct deposit, or 1 bill pay transaction
- Be enrolled in and agree to receive e-Statements
Level 2
- At least 30 debit card purchases
- At least 1 ACH debit, 1 direct deposit, or 1 bill pay transaction
- Be enrolled in and agree to receive e-Statements
That's it. Even if you don't meet your qualifications during the cycle, your Kasasa Cash account is still free. Plus, you'll still earn our base dividend rate. And you can get right back to earning your full rewards the very next month.
Kasasa Saver*
Balance | Minimum Opening Deposit | Rate | APY |
---|---|---|---|
0 - $50,000 | $5 | 1.99% | 2.01% |
$50,000+ | $5 | 0.50% | 2.01% to 1.00% |
All balances if qualifications not met | $5 | 0.05% | 0.05% |
Qualifications
Qualifying for your Kasasa Cash, Kasasa Cash Back, Kasasa Eats, or Kasasa Play rewards automatically qualifies you for the highest Kasasa Saver® rate, too. Enrollments must be in place and all of the following transactions and activities must post and settle to your Kasasa Cash, Kasasa Cash Back, Kasasa Eats or Kasasa Play account during each Monthly Qualification Cycle:
- At least 10 debit card purchases
- At least 1 ACH debit, 1 direct deposit, or 1 bill pay transaction
- Be enrolled in and agree to receive e-Statements
That's it. Even if you don't meet your qualifications during the cycle, your Kasasa® accounts are still free. Plus, you'll still earn our base dividend rate on Kasasa Saver. And you can get right back to earning your full rewards the very next month.
Personal Loans
Loan Type | APR 0-24 months |
APR 25-36 months |
APR 37-48 months |
APR 49-60 months |
APR 61-72 months |
APR 73-120 months |
---|---|---|---|---|---|---|
Share (Savings) or CD Secured Loan | 2.00%+* | 2.00%+* | 2.00%+* | 3.00%+* | 3.00%+* | 4.00%+* |
Signature Loan | 11.75% | 11.75% | 11.75% | 11.75% | N/A | N/A |
Personal Line of Credit | 11.75% | 11.75% | 11.75% | 11.75% | 11.75 | 11.75% |
Longer-term options may be available. Ask an MCT Member Service Representative for details. APR = Annual Percentage Rate. The rates disclosed are current.
*Rates are 2.00%-4.00% above Savings or CD rate, depending on term.
Share Accounts
Account | Minimum Opening Deposit | Rate | APY |
---|---|---|---|
Business Checking Account | $5 | 0.13% | 0.13% |
Member Share Savings Account | $5 | 0.20% | 0.20% |
Christmas Club Savings Account | $5 | 0.20% | 0.20% |
Money Market Account | $2,500 | 0.90% | 0.90% |
IRA Savings | $5 | 0.20% | 0.20% |
Share Certificates
Certificate Term | Dividend Rate | APY |
---|---|---|
Six month | 4.00% | 4.08% |
One year | 4.55% | 4.65% |
Two years | 3.35% | 3.40% |
Three years | 3.45% | 3.51% |
Four years | 3.45% | 3.51% |
Five years | 3.70% | 3.77% |
Penalty for early withdrawal.
Sprout Savings
Balance | Minimum Opening Deposit | Rate | APY |
---|---|---|---|
0 - $500 | $5 | 2.47% | 2.50% |
$500.01 - $5,000.00 | $5 | 0.99% | 1.00% |
$5000.01 - $10,000.00 | $5 | 0.75% | 0.75% |
$10,000.01 or more | $5 | 0.20% | 2.50% to 0.20% |
- Members up to age 22 are eligible for Sprout Savings Account
- No monthly maintenance fees
- No minimum balance to earn rewards
Vehicle Loans
Loan Type | APR 0-24 months |
APR 25-36 months |
APR 37-48 months |
APR 49-60 months |
APR 61-72 months |
---|---|---|---|---|---|
New Auto Loans | 5.75% | 5.75% | 5.75% | 5.99% | 6.25% |
Used Auto Loans | 5.75% | 5.75% | 5.75% | 5.99% | 6.25% |
Boat Loans | 6.25% | 6.25% | 6.25% | 6.25% | 6.75% |
Travel Trailer Loans | 6.25% | 6.25% | 6.25% | 6.25% | 6.75% |
Other Collateral Loans | 5.99% | 5.99% | 5.99% | 6.25% | 6.50% |
APR = Annual Percentage Rate. Rates disclosed may be different based on credit underwriting and/or elected loan protections. Rate discount of 1.00% available for the election of Warranty, Credit Life Insurance and Disbability Protection on qualified collateral loans. All loan rates are subject to change without prior notice. Maximum interest rate is 17.99%. Loan terms are dependent on amount financed and member/collateral. Membership required. Terms and conditions subject to change.