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Rates are effective as of 3/1/2015.

Auto Loans   
Disclosure  Learn More New Used
2014 - 2015 2008 - 2015
Loan Terms APR* as low as APR* as low as
Up to 36 months 0.99% 1.99%
37 - 48 months 1.74% 1.99%
49 - 60 months 1.99% 2.24%
61 - 72 months 1.99% 2.49%
73 - 84 months 3.99% N/A
Credit Cards  
Disclosure  Cardholder Agreement  Learn More
APR*
ALEC Select Visa® 1.95%  Introductory Rate (first 6 months)
New Accounts Only 7.95 % - 16.95% Variable Rates
ALEC Select Rewards Visa® 1.95%  Introductory Rate (first 6 months)
New Accounts Only 9.95 % - 18.95% Variable Rates
ALEC Visa Signature® Rewards 11.95 % or 12.95% Variable Rates
New Accounts Only
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 3.75%
60 months balloon 4.00%
Recreational Vehicles - Boats, RVs, Watercraft, ATVs and more
Disclosure  Learn More New Used
2014 - 2015 2008 - 2015
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 3.05%
Certificate Secured Certificate Rate plus 3%
Personal 6.75%
Personal Line of Credit

8.25%

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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. Returning loan members who have a current loan with ALEC and is applying for a new loan will automatically receive a 0.25% APR rate discount. New loan members who do not have any current loans with ALEC must have an ALEC Checking Account (Free or Rewards) with $500 monthly direct deposit AND be enrolled in E-Statements to be eligible for the 0.25% APR discount. Discount not valid on credit cards, mortgage, Rapid Refi and Home Equity Line of Credit. Promotional rates on 36 month and 72 month new autos require use of ALEC's Auto Buying Service, True Car. Maximum financing up to 115% MSRP for qualified borrowers. New auto includes model years 2014-2015 with less than 5,000 miles. Contact ALEC for rates for model years older than 2008. 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.


**Rate displayed includes a 0.25% APR rate discount for returning loan members who have a current loan with ALEC or new loan members who have an ALEC Checking Account (Free or Rewards) with $500 monthly direct deposit and be enrolled in E-Statements. To receive this discount, an auto loan must be financed through ALEC and auto purchase must be made at a certified dealer through the Auto Buying Service.

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Credit Card Disclosure

*APR Annual Percentage Rate. All credit cards subject to credit approval. See credit card application ans solicitation disclosure for rate and fee information. Bonus points will be posted on your first statement after meeting the requirement. If the total posted transactions are not met within 90 days of account opening, no bonus points are awarded. All credit cards must be in good standing at time of posting. Bonus points are not transferable. CURewards points to Cash Back option available on Select Rewards Visa only. $50 cash award for 5,000 CURewards points. Maximum $250 cash award annually. Cash advances are excluded. New Cardholders only.

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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 six months. After the first six 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, 2015, 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. Rate displayed includes a 0.25% APR rate discount. Returning loan members who have a current loan with ALEC and is applying for a new loan will automatically receive a 0.25% APR rate discount. New loan members who do not have any current loans with ALEC must have an ALEC Checking Account (Free or Rewards) with $500 in direct deposit per statement cycle AND be enrolled in E-Statements to be eligible for the 0.25% APR discount. 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.

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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. Returning loan members who have a current loan with ALEC and is applying for a new loan will automatically receive a 0.25% APR rate discount. New loan members who do not have any current loans with ALEC must have an ALEC Checking Account (Free or Rewards) with $500 in direct deposit per statement cycle AND be enrolled in E-Statements to be eligible for the 0.25% APR discount. 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.

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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. Returning loan members who have a current loan with ALEC and is applying for a new loan will automatically receive a 0.25% APR rate discount. New loan members who do not have any current loans with ALEC must have an ALEC Checking Account (Free or Rewards) with $500 in direct deposit per statement cycle AND be enrolled in E-Statements to be eligible for the 0.25% APR discount. Maximum term on a Single Pay Stock loan is 15 months. All other loans have terms up to 60 months.

Personal Line of Credit:

The Annual Percentage Rate (APR) is variable and is subject to change monthly based on Prime. 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, 2015 PRIME is 3.25%.

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401 N. Riverside Drive Ste 1-A Gurnee, Illinois 60031-5915
847.688.8000     800.762.9988




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