• Savings Programs
• Credit Programs
• Other Benefits & Features

 

Credit Programs

• New and Used Auto
  Our rates are constantly among the lowest in the Kansas City area.
  Ask about Advantage Auto loans for tax deductible interest for qualified homeowners.

Benefits
Includes watercraft & recreational vehicle.
Pre-approvals makes shopping easy with processing in 15 minutes when you need it.
Borrow up to 100% of value plus tax & insurance.
Payments may be deferred for 90 days.

Features
Lowest rates in K.C.
Payroll deduction payments / Transfer payment option
Buy now - rates are rising
New & used car sale events
Lending center for loans by phone

• Visa Credit Card

Features
No monthly or annual fees

Benefits
Better than Gold cards offered by many.  Card limits from $1,000 with fixed rates.
Special rates for incomes over $25,000 & Homeowner.
25 - day grace period on purchases.  

The information about the costs of VISA credit card programs of Health Midwest Credit Union is accurate as of 12/00.  This information may have changed after that date.  To find out what may have changed, call or write the credit union.
Annual Percentage Rate for purchases	6.90% (introductory rate for first 6 months) 9.75% (prime better than gold I classic) 10.75% (better than gold I classic) 11.75% (prime better than gold II classic) 12.75% (better than gold II classic) 13.90% (prime classic) 14.90% (classic)
Grace period for repayment of purchases	25 days
Method of computing the balance for purchases and cash advances	Average daily balance (including new purchases)
Minimum finance charges	None
Transaction fee for purchases	None
Annual fee	None
Other fees	Over credit line fee.................................  $20.00 Late payment fee.................the lesser of 5% of the minimum periodic payment or $25.00, but in no event less than $10.00 if fifteen (15) or more days late.

 

• Home Equity   

Benefits
Tax deductible interest for qualified homeowners.
Preliminary approval.  No closing costs.
Choose from line of credit or traditional 2nd mortgages.

Features
Lowest rate in K.C.
We pay closing costs
Estimated fees that may be imposed by parties other than the credit union to open a LOANLINER Home Equity Plan are as follows: 

• Real Estate Appraisal Fee $300 
• Mortgage Credit Report $30 
• County Recording Fees $24 
• Title Insurance Fees $145-$280 
• Other - Flood Certification $17 

Borrower will be responsible for repayment of fees as follows: 

• If paid off in the 1st year 100% 
• 2nd year 80% 
• 3rd year 60% 
• 4th year 40% 
• 5th year 20%

Consult a tax advisor regarding the deductibility of interest.

• First Mortgage

Benefits
Fixed rates designed to meet needs of all borrowers.
Pre-approval makes shopping easy.
Flexible Repayment Schedules.
Adjustable rate options

Features
Low or no down payment options

• Line of Credit

Benefits
Pre-authorized credit line with immediate advances.
Better than Gold rates and terms.

Features
No paperwork
No Annual fees
Access24 loan advances by check or transfer to checking

• Overdraft Protection

Benefits
Automatic loan to protect checking accounts.
Checks for overdrawn accounts can be honored up to credit limit.

Features
Decreased overdraft fees
No annual fees