Hurry—your pre-approved offer ends ((Month XX)), ((20XX))..

 

 

Dear %LOANENGINENAMEFIRST%,

Congratulations! United Federal Credit Union is pleased to inform you that you have been pre-approved for a special low rate on a loan.

You can choose any one of the loans below. So whatever big purchase you've wanted to make—now's the time! And with your pre-approved status, you're one step closer to having what you want—with no need to fill out an additional application!

Choose one of the offers below:

 

PLEASE NOTE: You have been pre-approved for your choice of one of the above offers. If you would like to take advantage of more than one offer, or would like to request more than your approved amount, please contact us. A full application may be required. See below for details.

 

© %HCTEMPLATEYEAR% United Federal Credit Union. All rights reserved.

Federally Insured by NCUA     EQUAL HOUSING LENDER

P.O. Box 125, St. Joseph, MI 49085

 

 

* We used information that we obtained on you from a consumer reporting agency in connection with this “Pre-Approved” offer. You were selected to receive this offer because you satisfied certain criteria for creditworthiness, which we previously established. The offered credit may not be extended if, after you respond to this offer, we determine that you do not meet the criteria used to select you for this offer or any other applicable criteria bearing on creditworthiness, or if you do not provide the required collateral. Not all applicants will qualify for the lowest rate. Membership eligibility is required.

** APR=Annual Percentage Rate

1 Auto Loan: Offer based on loan term of %LOANENGINEAUTOLOANT% months. United Federal Credit Union finances 115% of MSRP (new vehicles) or the NADA Retail Value (used vehicles). The maximum interest rate for this offer is 18.00% APR, and the minimum approved loan amount is $4,000. This offer may also be withdrawn if the value of the vehicle you are purchasing exceeds 115% of Loan-to-Value. Not all applicants will qualify for the lowest rate. Payment example: A %LOANENGINEAUTOLOANT%-month loan of %LOANENGINEAUTOLOANA% at %LOANENGINEAUTOLOANR% fixed APR will have %LOANENGINEAUTOLOANT% monthly payments of %LOANENGINEAUTOLOANP% per $1,000 borrowed. Rates current as of July 1, 2020, and are subject to change based on market conditions and borrower eligibility. Other rates and terms available. Subject to credit review. May not be combined with other offers.

2 Auto Refinance: If you continue to meet the criteria used to select you for this offer and our creditworthiness criteria, you are pre-approved for an auto refi loan of no less than $2,500 from United Federal Credit Union for this offer and no more than %LOANENGINEAUTOREFINANCEA%, at an interest rate of no more than 18.00% APR, calculated according to the simple interest for a term of 84 months. United Federal Credit Union finances 115% of MSRP (new vehicles) or the NADA Retail Value (used vehicles). Refinance restrictions apply. Payment example: A %LOANENGINEAUTOREFINANCET%-month loan of %LOANENGINEAUTOREFINANCEA% at %LOANENGINEAUTOREFINANCER% fixed APR will have %LOANENGINEAUTOREFINANCET% monthly payments of %LOANENGINEAUTOREFINANCEP% per $1,000 borrowed. Rates current as of July 1, 2020, and are subject to change based on market conditions and borrower eligibility. Other rates and terms available. Subject to credit review. This offer may be withdrawn if the value of the vehicle you are refinancing exceeds 115% of Loan-to-Value. May not be combined with other offers.

3 U First Visa Credit Card: Rates stated available on approved credit and may be different as determined by the individual creditworthiness of each applicant. You are pre-approved for a U First Credit Card with a limit of at least $1,000. The maximum APR for a U First Credit Card is 18.00%. Rates current as of July 17, 2020, and are subject to change based on market conditions and borrower eligibility.

4 U Rewards Visa Credit Card: Rates stated available on approved credit and may be different as determined by the individual creditworthiness of each applicant. You are pre-approved for a U Rewards Credit Card with a limit of at least $5,000. The maximum APR for a U Rewards Credit Card is 18.00%. Rates current as of July 23, 2020, and are subject to change based on market conditions and borrower eligibility.

5 Home Equity Line Of Credit: Subject to credit approval. Home Equity Lines of Credit are currently not available in Alaska, Hawaii or Texas. Loan amounts of up to 90% of home value available. Current variable periodic rates are as low as 4.00% APR with a maximum of 18.00% APR based on your credit qualifications, Combined-Loan-To-Value (CLTV), line amount, region, credit score, and/or property type. Non-owner-occupied properties subject to different terms. Rates are current as of 8/24/2020. As low as rates include 0.25% discount with automatic payment from an Ultra or Rewards checking account. Loans over 80% of home value will incur a 1.00% APR premium. Variable rates before adjustments consist of the Wall Street Journal Prime Rate, which is currently 3.25%, plus an applicable margin, which currently ranges from 1% to 9.75%. Minimum credit line is $10,000. Minimum monthly payment is 1.5% of the loan balance or $100, whichever is greater, rounded to the nearest dollar. 10-year draw period followed by a 1-year repayment period. Minimum payments may not be sufficient to fully repay principal; entire remaining balance must be paid in single payment. Property insurance required. Flood insurance may be required.

Introductory Home Equity Line Of Credit: Introductory 1.99% APR is fixed for six months and variable thereafter. Variable rates post-introductory period may vary. Rates are currently between 4.00% APR and 18.00% APR. Must draw $15,000 or 40% of your approved credit line, whichever is less, at time of loan closing, and have qualifying credit factors. Rate discounts and premiums will not apply to introductory rate but will apply to variable rate after intro period. Introductory offer does not apply to existing United Federal Credit Union credit lines or refinances of existing United Federal Credit Union credit lines.