*The annual percentage rate (APR) for Share secured advances will be the dividend rate being paid on Shares on the date of the advance plus 2%. If there is an existing balance on the date of the new advance the existing balance will be added to the new advance and the entire balance will be at the new APR. Any increases in the APR will result in more payments of the same amount until what you owe has been repaid.

***The annual percentage rate (APR) for Certificate secured advances will be the dividend rate being paid on Certificate offered as security plus 2%. On certificate secured advances the certificate must be renewed until the advance is completely paid. Failure to renew will result in default under the plan. Any increases in the APR will result in more payments of the same amount until what you owe has been repaid. The present annual percentage rate will be disclosed on the voucher at the time of the advance.

The annual percentage rate (APR) for line of credit, personal, and other secured loans is based on the member's credit score and other services provided by Nashville Credit Union. You will receive a discount of 0.25% on your APR if you make payments automatically through transfer or payment deductions. An additional discount of 1.00% is available for those members who have an existing or choose to open a new share draft account with Nashville Credit Union. If you discontinue the services which made you eligible for the discounts, your APR may be increased to the non-discounted rate.

If you no longer meet the qualifications your interest rate will increase by the applicable percentage.

Fees:
Transaction Fees
Processing Fee $20.00
Late Charges: 20% of the interest due
Returned Payment Fee: $20.0

How We Will Calculate Your Balance: We will use a balance computation method called daily balance. See your account Agreement for more details.

Billing Rights: Information on your rights to dispute transactions and how to exercise those rights is provided in your account Agreement.

Processing Fee: A $20.00 non-refundable loan processing fee will be charged for each loan account and line of credit increase.

Late Charges: If your payment is more than 10 days late, you will be required to pay a late charge of 20% of the interest due.

Returned Payment Fee: If your payment is returned to us, you will be charged $20.00 for each returned payment.

Collection Costs: You agree to pay all costs of collecting the amount you owe under this Agreement, including reasonable attorney's fees not in excess of 15.00% of the unpaid debt and all court costs.

Share Secured: The Annual Percentage Rate (APR) for Share secured advances will be the dividend rate being paid on the Shares on the date of the advance plus 2%.

Certificate Secured: The Annual Percentage Rate (APR) for Certificate secured advances will be the dividend rate being paid on the Certificate offered as security plus 2%.