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Loan Rates

Effective date: March 29, 2017

  Vehicle Loans  
  Term Rate
New Vehicle
as low as *2.20%APR
Used Vehicle
as low as *3.25%APR
(2010 - 2014)    
Recreational Vehicle Please call for rates and terms  
($10,000.00 limit)
as low as *7.00%APR
as low as *8.00%APR
  as low as *9.00%APR
Demand 45 Days 15.00%
Open End Please call for rates and terms  
Holiday Loan Special 12 Months as low as *5.99% APR
($2,000.00 limit)    
  Mortgages (Owner occupied)  

$10,000.00 Minimum   $450,000.00 Maximum   80% LTV
The applicant is responsible for all closing costs including a $450 appraisal fee

First Fixed 10 Years 3.75% APR
  15 Years 4.50% APR
First Variable up to 30 years - APR determined by the Prime Rate as published in the WSJ plus 1% (ref: WSJ)
Adjustable every quarter 2% annual cap

HELOC Rate is based upon borrowing up to 80% of the equity of the home.
APR is based on the Prime Rate and as published by the Wall Street Journal.
The term is 20 years with an 8 year draw and a 12 year repayment of principal and interest.
The APR is not to exceed 15%.

* Rate is based upon an evaluation of applicant credit and underwriting standards.
APR = Annual Percentage Rate
All credit union loan products, rates, terms and conditions are subject to change without notice.

Featured Rates

New Auto Loan

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  • Signature Loans

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    Holiday Loan Special

    as low as 5.00%APR
    Learn More

    Apply Online

    Life's constant changes demand that you have financial flexibility, and there's no easier way to get it than here at your personal loan company – Merritt Federal Credit Union.

    Save money with today's best personal loan rate, lower your payments to ease the strain on your monthly budget, simplify your life, handle emergencies with ease and gain flexibility with loans you can use for any expense – from vacations, to education, to special purchases

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    Why Choose Merritt FCU?

    Membership eligibility is open to SNET, AT&T, Lucent and NyNex employees and their families in Fairfield County. We encourage all of our members to take advantage of the many services that we make available to them.

    Not a member yet? Credit Union membership has its privileges. Here's how you can benefit from using Merritt Federal Employees Federal Credit Union.

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    Stay Safe From Fraud

    Our members expect more convenience, personalization, accessibility and ease of use via web, mobile, social and in-person. At Merritt FCU, we have expanded our fraud prevention resources to meet evolving member expectations.

    Today's trends require a new approach that anticipates, recognizes and services everyone's individual needs. Technology does not prevent human mistakes. You also need a consumer education solution that will help you make less mistakes. As your trusted advisor, we'll expand your understanding of how to stay safe from fraud.

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