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The Basics...
All loans require at least 24 hours for approval.
- All vehicle loans are considered secured and require an insurance verification.
- Rates for all loans are expressed as APR (Annual Percentage Rate).
- Interest rates are "fixed". The only variable rate loans offered by ROME Credit Union are Home Equity Line of Credit Loans. Please contact the credit union for the current Home Equity rate. 

During the life of your loan at ROME, you are eligible to skip up to three payments. The requirements for doing so are: you must pay the interest for the month you are skipping and be current on your loan payment.

Automobile and Motorcycle Loans

YEAR OF VEHICLE ANNUAL PERCENTAGE RATE TERM
2007, 2008, 2009

4.9%
4.9%
4.9%
5.9%

 UP TO 36 MONTHS
48 MONTHS
60 MONTHS 
72 MONTHS
2000 TO 2006 6.9%
7.5%
8.4% $25,000.00 MINIMUM
8.9% LESS THAN $25,000.00		 UP TO 48 MONTHS 
60 MONTHS 
72 MONTHS 
72 MONTHS
1999 AND OLDER 7.9%
8.9% $12,000.00 MINIMUM		 UP TO 48 MONTHS 
60 MONTHS

 

AUTOLAND

Looking for a new or used car but don't have time to go from lot to lot looking? Need help finding the right car for you? Autoland offers a huge selection of the highest quality used cars, locate services and new cars.

 

Mobile Home, Boat, Camper, and Trailer Loans

Each of the following has a maximum time limit of 10 years.
-Mobile Homes older than 1995 require an appraisal, the cost of which is to be paid by the member.
-Boats older than 10 years and longer than 20 feet require a marine survey, the cost of which is to be paid by the member.

4.9% APR up to 5 (Five) year repayment regardless of age.
6.5% APR up to 10 (Ten) year repayment regardless of age.


Unsecured, Home Improvement, and Special Loans

The maximum amount received through loans as a maker or a co-maker is $60,000.00, of which $10,000.00 may be unsecured. This policy excludes VISA loans, which are considered and approved seperately and may be as high as $5,000.00.

Home Improvement loans are considered unsecured, with an interest rate of 11.9% APR and a maximum time limit of 48 months. The maximum amount that can be borrowed is $10,000.00.

Other unsecured loans, such as closed end and revolving credit loans, have a 14.9% APR interest rate and a maximum time limit of 36 months. The maximum amount that can be borrowed is $10,000.00.
 
We also offer an Overdraft Loan for those with Checking Accounts. See Products and Services for details.

We are currently offering a special unsecured promotion of $1000.00 at 9.5% APR for 12 months, $2500.00 at 9.0% APR for 24 months and $5000.00 at 8.5% APR for 36 months.

Find out how much you can afford now by using our Loan Calculator!

Financial Calculators


Rome Credit Union
1709 Crooks Rd.
Royal Oak, Michigan 48067
248.548.2300
Fax: 248.548.5708
romecu@aol.com