Loan Products

The 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:

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

Loan Rates

Loan Types Term (In Months) APR* PMT Per $1000.00 APR PD or GAP** PMT Per $1000.00 APR PD & GAP*** PMT Per $1000.00
Signature Loans                           Aggregate Unsecured with RMECU $12,500 includes credit lines
$0-$1500 12 12.90% $88.94 12.65% $88.84 N/A N/A
$1,501-$2500 24 12.90% $47.16 12.65% $47.06 N/A N/A
$2,501-$12,500 36 12.90% $33.31 12.65% $33.20 N/A N/A
New Vehicles (2016-2017)
36 2.99% $29.06 2.74% $28.95 2.49% $28.84
48 2.99% $22.11 2.74% $22.00 2.49% $21.90
60 2.99% $17.95 2.74% $17.84 2.49% $17.73
72 (Over $20K) 2.99% $15.17 2.74% $15.06 2.49% $14.95
84 (Over $28K) 4.49% $13.85 4.24% $13.74 3.99% $13.63
Auto Loans – Used (Purchase & Refinances ONLY)          
36 2.99% $29.06 2.74% $28.95 2.49% $28.84
48 2.99% $22.11 2.74% $22.00 2.49% $21.90
60 2.99% $17.95 2.74% $17.84 2.49% $17.73
72 (Over $20K) 2.99% $15.17 2.74% $15.06 2.49% $14.95
84 (Over $28K) 4.49% $13.85 4.24% $13.74 3.99% $13.63
Auto Loans – Used as Collateral (All Model Years)
36 3.49% $29.27 3.24% $29.17 2.99% $29.06
48 3.49% $22.33 3.24% $22.22 2.99% $22.11
60 3.49% $18.16 3.24% $18.05 2.99% $17.95
72 (Over $20K) 4.49% $15.83 4.24% $15.72 3.99% $15.61
RV & Watercraft (2012-2017)
60 5.90% $19.22 5.65% $19.11 5.40% $19.00
72 5.90% $16.45 5.65% $16.34 5.40% $16.23
73-120 5.90% $10.98 5.65% $10.86 5.40% $10.74
RV & Watercraft (2011 & Older)
**All Terms 7.25% N/A 7.00% N/A N/A N/A
**$40,000.00 Maximum @ 90% loan to value

*Annual Percentage Rate
**Annual Percentage Rate with GAP insurance or Payroll Deduction
***Annual Percentage Rate with GAP insurance and Payroll Deduction

Loan Products

The 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:

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

The following APR rates are without payroll deduction or GAP. If you choose to get GAP insurance or set up payroll deduction, your rates will be lower.

Loan Rates

Loan Types Term (In Months) APR*
Signature Loans                           Aggregate Unsecured with RMECU $12,500 includes credit lines
$0-$1500 12 12.90%
$1,501-$2500 24 12.90%
$2,501-$12,500 36 12.90%
New Vehicles (2016-2017)
36 2.99%
48 2.99%
60 2.99%
72 (Over $20K) 2.99%
84 (Over $28K) 4.49%
Auto Loans – Used (Purchase & Refinances ONLY)
36 2.99%
48 2.99%
60 2.99%
72 (Over $20K) 2.99%
84 (Over $28K) 4.49%
Auto Loans – Used as Collateral (All Model Years)
36 3.49%
48 3.49%
60 3.49%
72 (Over $20K) 4.49%
RV & Watercraft (2012-2017)
60 5.90%
72 5.90%
73-120 5.90%
RV & Watercraft (2011 & Older)
**All Terms 7.25%
**$40,000.00 Maximum @ 90% loan to value

*Annual Percentage Rate

Loan Products

The 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:

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

The following APR rates are without payroll deduction or GAP. If you choose to get GAP insurance or set up payroll deduction, your rates will be lower.

Loan Rates

Loan Types Term (In Months) APR*
Signature Loans                           Aggregate Unsecured with RMECU $12,500 includes credit lines
$0-$1500 12 12.90%
$1,501-$2500 24 12.90%
$2,501-$12,500 36 12.90%
New Vehicles (2016-2017)
36 2.99%
48 2.99%
60 2.99%
72 (Over $20K) 2.99%
84 (Over $28K) 4.49%
Auto Loans – Used (Purchase & Refinances ONLY)
36 2.99%
48 2.99%
60 2.99%
72 (Over $20K) 2.99%
84 (Over $28K) 4.49%
Auto Loans – Used as Collateral (All Model Years)
36 3.49%
48 3.49%
60 3.49%
72 (Over $20K) 4.49%
RV & Watercraft (2012-2017)
60 5.90%
72 5.90%
73-120 5.90%
RV & Watercraft (2011 & Older)
**All Terms 7.25%
**$40,000.00 Maximum @ 90% loan to value

*Annual Percentage Rate

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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