42-16720104
helpfraudeducationAutoCenterFinancial Tools

Rates are effective  as of 04/01/2014.  

Auto Loans       
Disclosure  Learn More New Used
  2013 - 2014 2007 - 2013
Loan Terms APR* as low as APR* as low as
Up to 36 months 0.99% 0.99%
37 - 48 months 1.74% 1.99%
49 - 60 months 1.99% 2.24%
61 - 72 months 1.99% 2.24%
73 - 84 months 3.99% N/A
     
Credit Cards    
Disclosure   Cardholder Agreement   Learn More                
  APR*
ALEC Rewards Visa® 1.95% Introductory Rate
New Accounts Only 8.95 % - 13.95% Standard Fixed Rates
     
Home Equity (Illinois, Wisconsin and Ohio Only)  
Disclosure   Learn More    
  APR* as low as
Line of Credit - Variable Rate 1.99%
Second Mortgage - Fixed Rate  
60 months balloon 3.75%
     
Recreational Vehicles - Boats, RVs, Watercraft, ATVs and more  
Disclosure  Learn More New Used
  2013 - 2014 2007 - 2013
Loan Terms APR* as low as APR* as low as
Up to 24 months 4.70% 4.70%
25 - 36 months 4.95% 4.95%
37 - 48 months 5.20% 5.20%
49 - 60 months 5.45% 5.45%
61 - 72 months 5.70% 5.70%
73 - 84 months 6.20% 6.20%
120 months 7.20% 7.20%
180 months  7.70% 7.70%
240 months  8.20% 8.20%
     
Stock, Secured, Personal    
Disclosure   Learn More    
  APR* as low as  
Stock Loan- Single Pay 2.00%  
Stock Loan - Installment 3.00%  
Savings Secured 5.25%  
Certificate Secured 6.75%  
Personal 6.75%  
     

 

  --back to top--

Auto Loan Disclosure

*APR Annual Percentage Rate. All loans subject to credit approval. Rates subject to credit history, term, and other factors. Rates can change daily. Rate displayed includes a 0.25% APR rate discount to members with an ALEC Rewards Checking. Members with Free Checking that elect a $500 monthly direct deposit to their free checking account and automated payments for the new loan are eligible to receive a 0.10% APR rate discount off of ALEC's standard loan rates. Maximum financing up to 115% MSRP for qualified borrowers. New auto includes model years 2013-2014 with less than 5,000 miles. Contact ALEC for rates for model years older than 2007. Minimum loan balance of $25,000 for 84 month term. Refinance of existing ALEC Auto Loans are excluded. To refinance an existing ALEC loan, the member is required to bring an additional loan to ALEC or an additional draw of $5,000. 

-back to top--

Credit Card Disclosure

*APR Annual Percentage Rate. All loans subject to credit approval. Rates subject to credit history, term, and other factors. 1.95% APR Introductory offer is for 6 months and includes new purchases and balance transfers, after the 6 months, any remaining balances and new transactions will receive the standard fixed rates, 8.95%-13.95%, based on credit worthiness at account opening. Cash Advances are excluded. New Cardholders only.

-back to top--

Home Equity Disclosure

*APR Annual Percentage Rate. Home Equity loans are available in Illinois, Ohio and Wisconsin only and limited to owner occupied properties. All loans subject to credit approval. Rates subject to credit history, term, and other factors. Rates can change daily. 

ALEC will waive your closing costs for fees including Property Appraisal, Title Insurance, Recording Fees and Flood Certification. Maximum loan to value may be reduced underwriting criteria.

Home Equity Line of Credit: Variable Rate

* Interest Rate/APR: 1.99% for the first twelve months. To be eligible for the promotional introductory rate, you must apply by May 31, 2014 and must close by June 30, 2014. After the first twelve months, the Annual Percentage Rate (APR) is variable and is subject to change monthly based on the Prime Rate. Prime Rate is “prime” as listed in the “Money Rates” section of the Wall Street Journal from the last business day of the previous month, as of February 28, 2014, PRIME is 3.25%. The rate floor is 4.00%. The variable rate is subject to credit history, term and other factors. Maximum APR during the life of the loan is 18% APR. Maximum 80% LTV. Maximum loan to value may be reduced due to underwriting factors. $5,000 minimum initial draw required.  New loans only. Current members modifying, increasing or refinancing existing equity lines of credit are not eligible for the promotional rate.

Second Mortgage: Fixed Rate 

The 3.75% Annual Percentage Rate is for a 60 month balloon note loan rate and includes a 0.25% APR rate discount to members with an ALEC Rewards Checking. Members with Free Checking that elect a $500 monthly direct deposit to their free checking account and automated payment are eligible to receive a 0.10% APR rate discount off of ALEC's standard loan rates. Rates subject to credit history, term, and other factors. Amortization up to 15 years. Loans will be renewed at the end of the 60 month term, with options to reapply or pay in full at that time.

-back to top--

Recreational Vehicle Disclosure

*APR Annual Percentage Rate. All loans subject to credit approval. Rates subject to credit history, term, and other factors. Rates can change daily. Rate displayed includes a 0.25% APR rate discount to members with an ALEC Rewards Checking. Members with Free Checking that elect a $500 monthly direct deposit to their free checking account and automated payment are eligible to receive a 0.10% APR rate discount off of ALEC's standard loan rates. Minimum loan balance of $25,000 for 84 month term, and includes new vehicle only. Extended loan terms require a minimum of $10,000 and have a maximum of $1,000,000.  

-back to top--

Stock Secured, Personal Disclosure

*APR Annual Percentage Rate. All loans subject to credit approval. Rates subject to credit history, term, and other factors. Rates can change daily. Rate displayed includes a 0.25% APR rate discount to members with an ALEC Rewards Checking. Members with Free Checking that elect a $500 monthly direct deposit to their free checking account and automated payment are eligible to receive a 0.10% APR rate discount off of ALEC's standard loan rates. Maximum term on a Single Pay Stock loan is 15 months. All other loans have terms up to 60 months. 

-back to top--

Let us show you the savings.



Copyright ©2014 Abbott Laboratories Employees Credit Union
401 N. Riverside Drive Ste 1-A Gurnee, Illinois 60031-5915
847.688.8000     800.762.9988




American Share