Loans



EFFECTIVE 2022-08-10

Automobile Loans

Don't be fooled by dealer financing! McKesson EFCU has the best rates around! When the dealer offers you a choice of a cash rebate or low-rate financing, make the right choice. Take the rebate and run to the credit union for your auto loan.

NEW AUTO
Maximum Term Annual Percentage Rate Daily Periodic Rate Details and Conditions
48 Mos. 2.69%-15.59% .0073% - .0427%  
60 Mos. 2.99%-16.59% .0082% - .0456%  
72 Mos. 3.69%-17.09% .0101% - .0468% Minimum $20,000 Loan
84 Mos. 3.99%-17.59% .0109% - .0482%  

USED AUTO
Maximum Term Annual Percentage Rate Daily Periodic Rate Details and Conditions
48 Mos. 3.09%-15.99% .0084% - .0438%  
60 Mos. 3.39%-16.99% .0093% - .0465%  
72 Mos. 4.09%-17.49% .0112% - .0479% Minimum $20,000 Loan
84 Mos. 4.39%-17.99% .0120% - .0493%  

Notes: Annual Percentage Rates (APR's) are fixed for the term of the loan (except when a variable APR applies where stated). Each loan application is considered on its own merits. With the exception of Share-Secured and Certificate-Secured loans, your combined loan balances may not exceed $250,000. All terms and rates shown above are subject to change; please contact us to verify that the information above it current. Additional requirements may apply.

(1) New vehicles will be financed up to 135% of MSRP. New vehicles not purchased from licensed auto sales dealer will be financed up to 100% of Kelly Blue Book lending value.

(2) New vehicles are defined as current and previous year model, unregistered, and demos or autos financed elsewhere not more then 6 months old, mileage can not exceed 8,000 miles.

(3) Used Vehicles are defined as any vehicle that does not meet the definition of a new vehicle and not more than 10 years old.

(4) Contact the Credit Union for motorcycle rates.

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Line-of-Credit

  • Line-of-Credit
    • •  Minimum credit line is $500
    • •  Maximum credit line is $15,000
    • •  Tie to your McKesson EFCU checking account for overdraft protection, at no cost
  • SIGNATURE(2)(3)
    Maximum Term Annual Percentage Rate Daily Periodic Rate Details and Conditions
    60 Mos. 9.99% - 17.99% .027370%-.0049288%(1) Minimum loan amount is $500.
    Maximum $20,000.


    LINE-OF-CREDIT(2)(3)
    Maximum Term Annual Percentage Rate Daily Periodic Rate Details and Conditions
    Revolving 9.99% - 18.00% .0273% -.0493%(1) Minimum loan amount is $500.
    Maximum $15,000.


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    VISA

    VISA® Credit Cards

    McKesson EFCU has the credit card to match your lifestyle. All plans offer a 25-day interest-free grace period on purchases, FEE-FREE cash advances, worldwide emergency cash at financial institutions and ATMs displaying the VISA logo, plus a toll-free 24-hour hotline.

    VISA® CLASSIC

    • • Credit limits start at $500
    • • $10 late charge if ten days late
    • • FREE Travel Accident Insurance up to $250,000

    VISA® PLATINUM

    • • Credit limits start at $5,000
    • • $10 late charge if ten days late
    • • FREE Travel Accident Insurance up to $500,000
    • • The prestige of platinum:
      • • FREE rental car insurance
      • • A 24-hour travel reservation service (with a 5% cash dividend)
      • • Extended warranty protection
      • • A 60-day best purchase price guarantee
      • • And much more!

    VISA® CLASSIC(2)
    Maximum Term Annual Percentage Rate Daily Periodic Rate Details and Conditions
    Revolving 12.99%-18.00%(1) .0355%-.0493%(1) 25-Day Grace Period on Purchases
    Maximum $15,000 Credit Line.

    SECURED VISA® CLASSIC
    Maximum Term Annual Percentage Rate Daily Periodic Rate Details and Conditions
    Revolving 15.00%(1) 0.041%(1) 25-Day Grace Period on Purchases
    125% Share Security Collateral Required.

    VISA® PLATINUM(2)
    Maximum Term Annual Percentage Rate Daily Periodic Rate Details and Conditions
    Revolving 7.99%-18.00%(1) .0219%-.0493%(1) 25-Day Grace Period on Purchases
    Minimum $5,000 Credit Line, Maximum $15,000 Credit Line.

    (1) Rates depend upon our underwriting criteria. The actual rate that will apply to your account will be disclosed to you no later than the time of Your first credit advance.

    (2) The maximum combined credit limit for VISA Classic, VISA Platinum, Signature, and unsecured Line-of-Credit Loans is $27,500.

    (3) Only one Signature Loan may be held by a member at any time.

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    Home Equity Loans

    TAP INTO YOUR HOME'S EQUITY

    McKesson EFCU offers fixed-rate and variable-rate loans that enable you to take advantage of the equity you've built in your home. The loan amount is set by the appraised value, your outstanding First Mortgage balance.

    Home Equity Line-of-Credit

    Available in most states allowing this type of borrowing. Establish a low-cost credit line up to $250,000. The interest rate is as low as the prime rate as quoted in the Wall Street Journal, with no annual fee. Tie to your McKesson EFCU checking account for overdraft protection with no additional cost.

    HOME EQUITY LINE OF CREDIT
    -No Points-
    Maximum Term Annual Percentage Rate Daily Periodic Rate Details and Conditions
    Revolving Prime+1% - 18.00% . % -.0493%(1) Minimum $5,000 Credit Line.
    Maximum Credit Line not to exceed:
    • 80% of appraised value less balance
    outstanding on the first mortgage,
    up to $75,000
    • 75% of appraised value less balance
    outstanding on the first mortgage,
    up to $100,000
    • 70% of appraised value less balance
    outstanding on the first mortgage,
    up to $250,000

    For Current Mortgage Rates: Go to our Website at www.mckessonefcu.org then click on Home Loans.

    Home Equity Line-of-Credit (HELOC) the rate: The rate will adjust to Highest Prime Rate as quoted in The Wall Street Journal "money rates" plus a margin. To be adjusted monthly on the 1st business day of each month. Monthly cap of .50%. Lifetime maximum rate of 18% minimum of 5.00%. Current rate disclosed at time loan is granted. Property must be Your primary residence; certain geographic restrictions apply. Member is responsible for appraisal, escrow and flood certification fees. NO prepayment penalty and NO application fee are charged.

    HELOC Trust Deeds: Property must be your primary residence; certain geographic restrictions apply. Member is responsible for appraisal, escrow, and flood certification fees. NO prepayment penalty and NO application fee are charged.

    HELOC Deed: All Owners listed on the original Deed of Trust must sign on our Deed. The Borrower is required to provide the copy of the original Deed and a copy of current homeowner's insurance. Borrower is responsible for reconveyance fee when the loan is paid off. Property must be your primary residence.

    (1) Rates depend upon our underwriting criteria. The actual rate that will apply to your account will be disclosed to You no later than the time of your first credit advance.

    (2) The maximum combined credit limit for VISA Classic, VISA Platinum, Signature, and unsecured Line-of-Credit Loans is $27,500.

    (3) Only one Signature Loan may be held by a member at any time.

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