Loans for All Your Needs

Low Interest Auto Loans

Cars, Trucks, and Motorcycles

  • Flexible Terms and repayment options for your next car, truck, or motorcycle.
  • Rate discount for autopay, membership longevity, and purchase of RMECU GAP Coverage.
  • Up to 110% financing, including tax, title and license fees.
  • Low rates and affordable monthly payments
  • Convenient Automatic Payments through payroll deposits or automatic transfers.
  • No pre-payments penalties.
  • Refinance from another lender to get a better rate or term.

If you have any questions, would like to know more, or get pre-approved, please contact us at (262) 637-7274, email us, or stop by today!

A person wearing sunglasses drives a white camper van. The vehicle is parked near trees, suggesting a serene outdoor setting.

Recreational Vehicles

ATVs, UTVs, Campers, Boats, and Others

  • Includes loans for ATVs, UTVs, Campers, Boats, and Snowmobiles.
  • Rate discounts for autopay and membership longevity.
  • Up to 100% financing; including tax, title, and license fees.
  • Low rates and affordable monthly payments.
  • Convenient Automatic Payments through payroll deposits or automatic transfers.
  • No pre-payment penalties.
  • Refinance from another lender to get a better rate or term.

If you have any questions, would like to know more, or get pre-approved, please contact us at (262) 637-7274, email us, or stop by today!

Real Estate Loans

Home Loan Refi

Fixed Rate

  • 10 and 15 Year Terms
  • Low Refinance Costs
  • Convenient automatic payment options.

Adjustable Rate (ARMs)

  • 5/1 option
  • Payments based on a 30 Year Term

If you have any questions, would like to know more, or get pre-approved, please contact us at (262) 637-7274, email us, or stop by today!

Home Equity Loans

Line of Credit (HELOC)

  • Draw on funds as you need them
  • Only pay interest on the amount borrowed
  • No annual fee
  • Convenient automatic payment options

Fixed Rate

  • 10 and 15 Year options
  • Low closing costs
  • Convenient automatic payment options

If you have any questions, would like to know more, or get pre-approved, please contact us at (262) 637-7274, email us, or stop by today!

Personal Loans

Unsecured

  • Personalized for what you need

  • Low rate and affordable payment options

  • Convenient automatic payment options

     

If you have any questions, would like to know more, or get pre-approved, please contact us at (262) 637-7274, email us, or stop by today!

Emergency Loan

  • Perfect for unexpected situations
  • Approval not based on credit
  • Convenient automatic payments

If you have any questions, would like to know more, or get pre-approved, please contact us at (262) 637-7274, email us, or stop by today!

Student Loans

We work with ISL Education Lending to offer private loans to help you pay for college as well as refinance existing student loans. ISL Education Lending is a nonprofit organization with decades of student loan experience offering lower-priced loans.*

ISL Education Lending offers:

  • Loans for college students.
  • A loan option for parents and family members who wish to borrow on behalf of a college student.
  • Multiple student loan refinance options.

In addition, they offer multiple scholarship opportunities and free college planning tools to help students and families avoid overborrowing and plan smart for life during and after college.

Please note:
All loans offered by ISL Education Lending are subject to credit approval.
  • Before applying for a private loan, we encourage you to first complete the FAFSA, or Free Application for Federal Student Aid. You should also work with your college financial aid office to explore and exhaust all sources of student financial aid before seeking a private student loan.
*Racine Municipal Employees Credit Union is compensated by ISL Education Lending for the referral of student loan customers.

Loan Rates

Vehicle Loans (Cars, Trucks, and Motorcycles)

Model Year
Term (months)
APR*
New Vehicles
2024 – 2025
up to 60
4.25%
76 – Over $20k
4.50%
84 – Over $28k
5.25%
Used Vehicles
2020 – 2023
up to 60
4.50%
76 – Over $20k
4.75%
84 – Over $28k
5.50%
2018 – 2019
up to 48
4.50%
60
4.75%
76 – Over $20k
5.50%
2015 – 2017
up to 48
4.75%
60
5.00%
2010 – 2014
up to 48
6.75%

Home Loans (Refinances and Equity Loans)

Fixed Rate
Term
Rate
10 Year
120
6.00%
15 Year
180
6.25%
ARM / Line of Credit
Term
Rate
5/1 ARM – Fixed for 5 years
6.25%
REAP (HELOC)
60 month draw
7.50%*

Rate is equal to the U.S. Prime Rate published in the Wall Street Journal. Current Prime Rate is 7.50%. REAP monthly payment is $150 or 1.5% of outstanding balance, whichever is greater.

Real Estate loan rates and terms are subject to change without notice. Please call the credit union for most current rates.

Recreational Vehicles (ATVs, UTVs, Campers and Watercraft)

Model Year
Term (months)
APR*
$50,000 max loan at 100% LTV
New Recreational Vehicles
2023 – 2025
up to 60
6.50%
61 – 84 (min $10k)
6.75%
85 – 120 (min $20k)
7.25%
Used Recreational Vehicles
2010 – 2022
up to 60
6.75%
61 – 84 (min $10k)
7.00%
85 – 120 (min $20k)
7.50%

RMECU VISA Credit Card

Card Type
APR*
VISA Platinum
8.90%
VISA Classic
12.90%
VISA Secured
12.90%

Personal Loans

Amount
Term (months)
APR*
Up to $5,000
12 months
9.15%
Up to $10,000
24 months
9.15%
Up to $15,000
36 months
9.15%

Rates listed are lowest possible with qualifying credit score of 651 or higher and eligible rate discounts.

*APR is annual percentage rate. Approval based on credit worthiness. Rates and terms subject to change without notice.