Loan Rates

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MTCU rates are structured to benefit you.

As a not-for-profit credit union in Midland, Texas, we make decisions with our members' best interests in mind. That means we provide competitively low rates for loans, mortgages and credit cards while paying higher dividends on savings. All of our rates focus on the same objective - helping you get the most out of your money.
The Dividend rates and Annual Percentage Yield may change monthly as determined by the Credit Union's Board of Directors. CD rates are subject to change daily. Early Withdrawal Penalties may reduce your earnings.

Auto Loan Rates

Effective: April 19, 2024

Product Type	Repayment Terms	APR as low as
New Auto	Up to 84 Months	6.84%
Used Auto	Up to 84 Months	7.34%
Collateral Loans New or Used (Non Purchase)	Up to 84 Months	8.34%

APR= Annual Percentage Rate

*Example: A $20,000 Auto Loan balance with a 60 month term and an APR of 6.84% has a monthly payment of $396.00. For a more detailed payment amount, use our loan calculator under Resources. The example monthly payment includes only principal and interest. Does not include taxes or other fees.

Personal Loan Rates

Effective: July 28, 2023

Product Type	Repayment Terms	APR as low as
PayDay Alternative Loans	Maximum Term 6 Months	28.00%
MasterCard	Revolving	11.90%
Mastercard Gold	Revolving	10.90%
Platinum Card	Revolving	12.50%
Share Secured MasterCard	Revolving	11.90%
Home Equity	5 to 15 Years	Rates Change Weekly Please call your Mortgage Loan Officer
LifeLine Line of Credit Loans	Revolving	13.50%
Personal Loans	Up to 60 Months	10.25%

LifeLine Line of Credit

Effective: July 28, 2023

Product Type based on Creditworthiness	APR will vary with the market based on the Prime Rate
LifeLine Line of Credit	as low as 13.50

Platinum Card

Effective: July 28, 2023

Product Type based on Creditworthiness	APR will vary with the market based on the Prime Rate
Tier 1	12.50%
Tier 2	15.50%
Tier 3	18.00%

Share Secured & Money Market

Product Type	Repayment Terms	APR as low as
Share Secured & Money Market	Up to 24 Months	2% above Dividend Rate
Share Secured & Money Market	Up to 36 Months	3% above Dividend Rate
Share Secured & Money Market	Up to 48 Months	4% above Dividend Rate

CD Loans

Product Type	Repayment Terms	APR as low as
CD Loans	Up to 24 Months	2% above CD Rate
CD Loans	Over 24 Months	3% above. CD Rate

Account Rates

Checking

Dividend Declaration Date: April 22, 2024

Share Type	Min Bal to open	Balance Required to Earn Stated Yield	Dividend Rate	APY*	Credited Frequency
InControl Checking	$25.00	N/A	N/A	N/A	N/A
Checking Accounts	$25.00	N/A	N/A	N/A	N/A

Regular Shares/Special Tiered**

Dividend Declaration Date: April 22, 2024

Share Type	Dividend Rate	APY*	Credited Frequency
Regular Shares/Special Tiered from $100.00 to $10,000	0.05%	0.05%	Monthly
Regular Shares/Special Tiered from $10,000.01 to $25,000	0.12%	0.12%	Monthly
Regular Shares/Special Tiered from $25,000.01 to $50,000	0.25%	0.25%	Monthly
Regular Shares/Special Tiered from $50,000.01	0.37%	0.37%	Monthly

IRA Savings Account

Dividend Declaration Date: April 22, 2024

Share Type	Dividend Rate	APY*	Credited Frequency
IRA Savings Account less than $25,000	0.29%	0.29%	Monthly
IRA Savings Account from $25,000.01 to $50,000	0.42%	0.42%	Monthly
IRA Savings Account from $50,000.01 to $99,000	0.67%	0.67%	Monthly
IRA Savings Account from $99,000.01	0.79%	0.79%	Monthly

Kasasa

Effective: May 1, 2024

Share Type	Min Bal to open	Balance Required to Earn Stated Yield	Dividend Rate	APY*	Credited Frequency
Kasasa Saver	$0.00	Less than $10,000.00 and Qualifications Met	0.20%	0.20%	Monthly
Kasasa Saver	$0.00	Greater than $10,000.01 & Qualifications Met	0.250	0.25%	Monthly
Kasasa Saver	$0.00	Qualifications Not Met	0.01%	0.01%	Monthly
Kasasa Cash	$25.00	Less than $10,000.00 & Qualifications Met	1.50%	1.51%	Monthly
Kasasa Cash	$25.00	Greater than $10,000.01 and Qualifications Met	0.25%	0.25%	Monthly
Kasasa Cash	$25.00	Qualifications Not Met	0.01%	0.01%	Monthly
Kasasa Cash Back	$25.00	N/A	N/A	N/A	N/A

Money Market Shares***

Effective: May 1, 2024

Share Type	Dividend Rate	APY*	Credited Frequency
Money Market Shares from $2,500 to $25,000	0.77%	0.77%	Monthly
Money Market Shares from $25,000.01 - $50,000	0.83%	0.83%	Monthly
Money Market Shares from $50,000.01 - $99,000	0.95%	0.95%	Monthly
Money Market Shares from $99,000.01	1.16%	1.17%	Monthly