Loan Products

Racine Municipal Employees Credit Union offers a wide variety of loans. You made need a personal loan for car repairs, to pay taxes, medical expenses or take a vacation. When it is time to purchase a new vehicle, the credit union offers excellent rates with a variety of terms. Currently we offer the following:

  • First & Second Mortgage Refinances (up to $250,000.)
  • Home Equity Line of Credit
  • New & Used Vehicle Loans
  • Recreational Loans
  • Signature Loans
  • VISA Credit Cards
  • GAP (Guaranteed Auto Protection) on any vehicle which covers the deficiency between outstanding loan balance and insurance payoff on “totaled vehicles”

Loan Rates

Mortgage Loans Term (In Months) APR as low as*
Fixed Rate Mortgages
15 Year Fixed Rate 180 3.00%
10 Year Fixed Rate 120 2.80%
ARM Mortgages
7/1 ARM Fixed rate for 7 years 3.00%
5/1 ARM Fixed rate for 5 years 3.25%
Home Equity Line of Credit
HELOC 60 month draw 3.25%

*Rates and terms subject to change. Appraisal cost $95 to $350 and required on most mortgages. Property must be owner-occupied residence. Minimum loan amounts may apply. Maximum 80% Loan to value.




Consumer Loans Term (In Months) APR as low as**
New Vehicles
2020-2021 36-60 2.00%
72 (Over $20K) 2.25%
84 (Over $28K) 3.00%
Used Vehicles (Purchase & Refinances)
2017-2019 36-60 2.25%
72 (Over $20K) 2.50%
84 (Over $28K) 3.25%
2015-2016 36-48 2.25%
60 2.50%
76 3.00%
2012-2014 36 2.75%
48 2.75%
2006-2011 36 3.25%
48 3.25%
RV & Watercraft
2014-2021 up to 72 4.65%
73-120 5.65%
2013 or older All Terms 6.25% ($40,000 max loan @ 90% LTV)
Signature Loans
$0-$1,500 12 8.15%
$1,501-$2,500 24 8.15%
$2,501-$15,000 36 8.15%

**All rates based upon credit score. Qualify for lowest rate with score of 651. Rates shown here also take into consideration discounts for payroll deduction, member loyalty and election of GAP or Vehicle Service Contract if applicable.

Loan Products

Racine Municipal Employees Credit Union offers a wide variety of loans. You made need a personal loan for car repairs, to pay taxes, medical expenses or take a vacation. When it is time to purchase a new vehicle, the credit union offers excellent rates with a variety of terms. Currently we offer the following:

  • First & Second Mortgage Refinances (up to $250,000.)
  • Home Equity Line of Credit
  • New & Used Vehicle Loans
  • Recreational Loans
  • Signature Loans
  • VISA Credit Cards
  • GAP (Guaranteed Auto Protection) on any vehicle which covers the deficiency between outstanding loan balance and insurance payoff on “totaled vehicles”

Loan Rates

Mortgage Loans Term (In Months) APR as low as*
Fixed Rate Mortgages
15 Year Fixed Rate 180 3.00%
10 Year Fixed Rate 120 2.80%
ARM Mortgages
7/1 ARM Fixed rate for 7 years 3.00%
5/1 ARM Fixed rate for 5 years 3.25%
Home Equity Line of Credit
HELOC 60 month draw 3.25%

*Rates and terms subject to change. Appraisal cost $95 to $350 and required on most mortgages. Property must be owner-occupied residence. Minimum loan amounts may apply. Maximum 80% Loan to value.




Consumer Loans Term (In Months) APR as low as**
New Vehicles
2020-2021 36-60 2.00%
72 (Over $20K) 2.25%
84 (Over $28K) 3.00%
Used Vehicles (Purchase & Refinances)
2017-2019 36-60 2.25%
72 (Over $20K) 2.50%
84 (Over $28K) 3.25%
2015-2016 36-48 2.25%
60 2.50%
76 3.00%
2012-2014 36 2.75%
48 2.75%
2006-2011 36 3.25%
48 3.25%
RV & Watercraft
2014-2021 up to 72 4.65%
73-120 5.65%
2013 or older All Terms 6.25% ($40,000 max loan @ 90% LTV)
Signature Loans
$0-$1,500 12 8.15%
$1,501-$2,500 24 8.15%
$2,501-$15,000 36 8.15%

**All rates based upon credit score. Qualify for lowest rate with score of 651. Rates shown here also take into consideration discounts for payroll deduction, member loyalty and election of GAP or Vehicle Service Contract if applicable.

Loan Products

Racine Municipal Employees Credit Union offers a wide variety of loans. You made need a personal loan for car repairs, to pay taxes, medical expenses or take a vacation. When it is time to purchase a new vehicle, the credit union offers excellent rates with a variety of terms. Currently we offer the following:

  • First & Second Mortgage Refinances (up to $250,000.)
  • Home Equity Line of Credit
  • New & Used Vehicle Loans
  • Recreational Loans
  • Signature Loans
  • VISA Credit Cards
  • GAP (Guaranteed Auto Protection) on any vehicle which covers the deficiency between outstanding loan balance and insurance payoff on “totaled vehicles”

Loan Rates

Mortgage Loans Term (In Months) APR as low as*
Fixed Rate Mortgages
15 Year Fixed Rate 180 3.00%
10 Year Fixed Rate 120 2.80%
ARM Mortgages
7/1 ARM Fixed rate for 7 years 3.00%
5/1 ARM Fixed rate for 5 years 3.25%
Home Equity Line of Credit
HELOC 60 month draw 3.25%

*Rates and terms subject to change. Appraisal cost $95 to $350 and required on most mortgages. Property must be owner-occupied residence. Minimum loan amounts may apply. Maximum 80% Loan to value.




Consumer Loans Term (In Months) APR as low as**
New Vehicles
2020-2021 36-60 2.00%
72 (Over $20K) 2.25%
84 (Over $28K) 3.00%
Used Vehicles (Purchase & Refinances)
2017-2019 36-60 2.25%
72 (Over $20K) 2.50%
84 (Over $28K) 3.25%
2015-2016 36-48 2.25%
60 2.50%
76 3.00%
2012-2014 36 2.75%
48 2.75%
2006-2011 36 3.25%
48 3.25%
RV & Watercraft
2014-2021 up to 72 4.65%
73-120 5.65%
2013 or older All Terms 6.25% ($40,000 max loan @ 90% LTV)
Signature Loans
$0-$1,500 12 8.15%
$1,501-$2,500 24 8.15%
$2,501-$15,000 36 8.15%

**All rates based upon credit score. Qualify for lowest rate with score of 651. Rates shown here also take into consideration discounts for payroll deduction, member loyalty and election of GAP or Vehicle Service Contract if applicable.

Routing Number: 275981420
NMLS Number: 411638

Privacy Policy

Lobby Hours:
Mon - Wed :
9am - 5pm
Thu - Fri :
9am - 5:30pm

Drive Thru Hours:
Mon - Wed:
9am - 5pm
Thu - Fri:
9am - 5:30pm
Sat: 9am -12:30pm

Address:
1907 Lathrop Avenue
Racine, WI 53405

Phone: 262.637.7274
Fax: 262.637.0491

Equal Housing Opportunity

Your Savings federally
insured to at least $250,000
and backed by the full faith
and credit of the United
States Government.

Routing Number: 275981420
NMLS Number: 411638

Privacy Policy

Lobby Hours:
Monday - Wednesday :
9am - 5pm
Thursday - Friday :
9am - 5:30pm

Drive Thru Hours:
Monday - Wednesday:
9am - 5pm
Thursday - Friday:
9am - 5:30pm
Saturday: 9am -12:30pm

Address:
1907 Lathrop Avenue
Racine, WI 53405

Phone: 262.637.7274
Fax: 262.637.0491

Equal Housing Opportunity

Your Savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government.

Routing Number: 275981420 NMLS Number: 411638 Privacy Policy

 

Lobby Hours: Monday - Wednesday : 9am - 5pm Thursday - Friday : 9am - 5:30pm

Drive Thru Hours: Monday - Wednesday: 9am - 5pm Thursday - Friday: 9am - 5:30pm Saturday: 9am -12:30pm

Address: 1907 Lathrop Avenue Racine, WI 53405 Phone: 262.637.7274 Fax: 262.637.0491

Equal Housing Opportunity

Your Savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government.

Warning!

You have clicked on a link which directs you to a website that is not owned or controlled by Racine Municipal Employees Credit Union. Racine Municipal Employees Credit Union is not responsible for the availability, content, or security of this site. Racine Municipal Employees Credit Union is not responsible for any claims or promises related to goods or services provided by the site owner. The privacy policy for the site could differ from that of Racine Municipal Employees Credit Union and Racine Municipal Employees Credit Union is not responsible for compliance with those policies.

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