Featured Rates

New Horizons Credit Union offers a wide array of loan products at affordable rates and terms for every phase of our member's lives and offer "solutions for the real world."  Any member, in good standing, may apply for a loan.  Minors applying for a loan must have an adult guarantor co-signer. We offer an Online Loan Application to make applying for a loan - quick, easy and hassle-free. All rates and terms are based on an evaluation of applicant's credit and may vary.  All loans are subject to credit approval.
 
Our Credit Union has a loan to fit most any need with:
*Competitive Rates
* Flexible Terms
* Credit Life & Credit Disability Insurance
* Extended Warranty & Gap Coverage
* No hidden charges or pre-payment penalties
* Interest calculated on unpaid balance daily
 
BELOW IS A LIST OF OUR CONSUMER AND UNSECURED LOANS, RATES & TERMS.  
(For Mortgage & Home Equity Products - click here.)
 

New & Used Auto Rates  - No Payment for 90 days option.

Up to 100% financing with approved credit up to MSRP for New Autos and up to 100% NADA Retail on Used Autos. Other conditions and restrictions may apply. Terms and rates are based on an evaluation of applicant's credit and may vary.  All loans are subject to credit approval. Other rates and terms are available for new and used auto loans.

Loan Type Term Rate As Low As
New/Used Auto up to 48 Months 1.99% APR*
**(Conditions & Restrictions
may apply.)
(Other terms available)
(Other Rates Available)

*Qualifying members may elect to have "No Payment for 90 Days" with new or used auto loans. Existing NHCU auto loans do not qualify for this offer or rate. All loans subject to credit approval. Credit Union reserves the right to terminate offer at any time. All rates subject to change. At 1.99% APR* a loan amount of $20,000 and a term of 48 months, the monthly payment would be $433.82. Offer includes new and used cars/trucks. With the no payment for 90 days, interest will accrue from the date of contract. Call toll free 1-800-824-3610 for details on the limited time, no payment for 90 day option.  APR - Annual Percentage Rate.


Start Me Up Auto Loan Promotion


This promotion is designed to provide qualified members, such as college graduates, wishing to establish or re-establish credit, with the opportunity to borrow at an affordable interest rate to purchase a vehicle.  A New Horizons Credit Union Checking Account is required for this auto loan type. Maximum loan amount is up to $25,000 for a maximum term of 72 months. For details on the Start Me Up Program, contact the Credit Union at (800) 824-3610. This promotion is subject to change. Please contact the Credit Union directly for most current  rate and term information. Rates and terms based on an evaluation of applicant's credit and may vary.  All loans subject to credit approval.

 
 
 

Motorcycle & ATV Rates 

Up to 100% financing with approved credit and up to 100% of Purchase Price for New and up to 100% of NADA Retail on Used.  Rates and terms based on an evaluation of applicant's credit and may vary.  All loans subject to credit approval.  Other rates and terms are available on motorcycles and ATVs.

Loan Type Term Rate As Low As
New/Used Motorcycle up to 48 Months 3.38% APR*



Apply for a motorcycle loan!

Recreational Vehicles (RVs, Campers, Golf Carts, & Enclosed Trailers)

New: Up to 100% financing with approved credit up to $100,000 purchase price and up to 90% if over $100,000 purchase price not to exceed $200,000.
Used: Up to 100% financing with approved credit not to exceed $200,000.  Rates and terms based on an evaluation of applicant's credit and may vary.  All loans subject to credit approval.
Other rates and terms are available on both new and used.
Loan Type Term Rate As Low As
New/Used RV up to 66 Months 3.24% APR*



Boat, Motor and Trailer Rates

New: Up to 100% financing of the Purchase Price.
Used: Up to 100% financing of the Retail Price.
Rates and terms based on an evaluation of applicant's credit and may vary.  All loans subject to credit approval. Other rates and terms are available on both new and used.
Loan Type Term Rate As Low As
New/Used up to 66 Months 2.89% APR*




Farm Equipment

New: 100% of Purchase Price - not to exceed $50,000.
Used: The Appraised Value up to $50,000.
Loan Type Term Rate As Low As
New/Used up to 84 Months 4.24% APR*



Apply for farm equipment loan! 

 

Personal/Signature Consumer Loan Rate:

This loan type can be used for a variety of purposes such as debt consolidation, emergency funds, college tuition, building credit, vacation and holiday needs, and more! Rates and terms based on an evaluation of applicant's credit and may vary.  All loans subject to credit approval. Other rates and terms are available and may vary depending on amount financed.
 
Loan Type Term Rate As Low As

Personal/Signature Loans

up to 24 Months

6.49% APR*



.
 

 

Fresh Start Loan:

This type of personal loan is ideal for members who have experienced unexpected life changes which  have impacted their ability to borrow money.  We know the effects of a credit setback can last for several years.  Through our partnership with GreenPath Financial Wellness, we have created this Fresh Start Loan that may offer members an opportunity to re-establish credit with a small, short-term loan.  Minimum loan amount is $500; Maximum loan amount is $1,500; Maximum term is up to 18 months.  Must make contact with GreenPath Financial Wellness; application fee is $35 for this loan type and must show at least 6 months of non-seasonal employment.  Rate and term based on an evaluation of applicant's credit.  All loans subject to credit approval. Other conditions and restrictions apply and are available by speaking with any NHCU Loan Officer at any branch. Contact the Credit Union directly for current posted rate.
 
 
 

Visa® Credit Card Rates

No Annual Fee & No Balance Transfer Fee, plus earn CU Reward points on qualifying purchases.  We also offer a New Wave Youth Visa Classic Card to help our members 18-22 years of age gain experience and establish credit with lower credit limit.  Visit our Visa Credit Card page for further details and disclosure. ^


Loan Type Term Rate As Low As
Visa ® Classic
Revolving
10.50% APR*
Visa ® Gold
Revolving
8.90% APR*

 

Secured Loans


This program allows you to use your own funds to secure a loan. These are loans with a Share (savings) or Certificate Account used as collateral. Interest rate is as low as 4.00% Annual Percentage Rate above the posted Dividend Rate earned on the Shares or Certificate Account.  This program offers a great way to establish and build credit history. Call 1-800- 824-3610 or visit the Credit Union directly to apply for this loan type.

 
 

Mortgage Rates & Home Equity

For more information regarding mortgages, home equity, and home equity lines of credit (HELOC)***, please click here.
 
 
 
 
For Loan Disputes & Inquiries, please write to:
New Horizons Credit Union - Disputes & Inquiries
P.O. Box 1785, Mobile, AL 36633
or Call Toll-Free at 1-800-824-3610 for assistance.


*APR = Annual Percentage Rate. NMLS# 401405. Rates and terms are based on an evaluation of applicant's credit and may vary. Other conditions and restrictions may apply. All loans subject to credit approval. Other rates and terms available based on credit history, equity in home, and length of loan. All rates are subject to change. Maximum loan term may depend on amount of the loan. Credit Union reserves the right to terminate any loan rate or special offer at any time. Contact a New Horizons Personal Financial Specialist for details. For comparison purposes, a 2019 model year auto for $20,000 at a term of 48 months and at a 1.99% APR* would have 48 recurring payments of $433.82; and a 2019 model year boat for $10,000 at a term of 66 months and at a 2.89% APR* would have 66 recurring payments of $164.06.  For comparison purposes, a $3,000 Personal/Signature Loan for a term of 36 months at a 6.49% APR* would have 36 recurring payments of $91.93.   ^ Click here to review Credit Card Schumer box disclosure. New Horizons Credit Union is an Equal Housing Lender.  Contact the Credit Union directly for the most current rates and terms at 1-800-824-3610. 
***For variable HELOC, the maximum annual percentage rate shall not exceed 18.00% APR*. Click here for more information about our Home Equity & Mortgage Products.