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<title>Loan Descriptions</title>
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<p align="center"><img src="images/stname.gif" WIDTH="400" HEIGHT="58"></p>
<p align="center"><img src="images/stan1.gif" WIDTH="350" HEIGHT="151"></p>
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<td align="center"><font color="#000080" size="6" face="Park Place"><strong>Consumer Loan
Descriptions</strong></font></td>
</tr>
</table>
</center></div><div align="center"><center>
<table border="0" cellpadding="5" cellspacing="5" width="75%">
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<td align="center"><a name="New Auto Loans"><font color="#000040" size="4" face="Futura"><em><strong>New
Auto Loans</strong></em></font></a></td>
</tr>
<tr>
<td><font color="#000000" size="2" face="Futura">St. Anne Credit Union requires a 5% down
payment on all new auto loans. Terms range from 2 to 5 years. Before your loan can be
finalized, we will need the following:<br>
</font><div align="center"><center><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><font size="2">Main Share Account with $25.00 minimum balance</font></td>
</tr>
<tr>
<td><font size="2">Proof of income (copy of recent paystub)</font></td>
</tr>
<tr>
<td><font size="2">$12.00 fee for Single Vendor's Interest Insurance</font></td>
</tr>
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<td><font size="2">Insurance Binder</font></td>
</tr>
<tr>
<td><font size="2">Copy of Purchase Contract*</font></td>
</tr>
<tr>
<td><font size="2">Copy of RMV-1 form.* We must be listed as:</font><div align="center"><center><table border="0" cellpadding="0" cellspacing="0" width="100%">
<tr>
<td align="center"><font size="2"><strong>St. Anne Credit Union<br>
93 Union Street<br>
New Bedford, MA. 02740-6361<br>
Lienholder Code: #1894</strong></font></td>
</tr>
</table>
</center></div></td>
</tr>
</table>
</center></div><div align="center"><center><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td align="center"><font size="1"><em>* On refinances, we will need a copy of registration
and a copy of financial note in place of these forms. We will also need $25.00 for the
Registry of Motor Vehicles to add us as lienholder.</em></font></td>
</tr>
</table>
</center></div><p><a href="loanrate.htm#New Auto Loans"><font color="#000000" size="2" face="Futura">view rates</font></a></td>
</tr>
<tr>
<td align="center"><a name="Used Auto Loans"><font color="#000040" size="4" face="Futura"><em><strong>Used
Auto Loans</strong></em></font></a></td>
</tr>
<tr>
<td><font color="#000000" size="2" face="Futura">St. Anne Credit Union requires a 10%
downpayment on all used auto loans and accepts autos up to 7 model years old. Terms range
from 2 to 5 years, depending on the model year. </font><p><font color="#000000" size="2" face="Futura">Before your loan can be finalized, we will need the following:</font></p>
<div align="center"><center><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><font size="2">Main Share Account with $25.00 minimum balance</font></td>
</tr>
<tr>
<td><font size="2">Proof of income (copy of recent paystub)</font></td>
</tr>
<tr>
<td><font size="2">$12.00 fee for Single Vendor's Interest Insurance</font></td>
</tr>
<tr>
<td><font size="2">Insurance Binder</font></td>
</tr>
<tr>
<td><font size="2">Copy of Purchase Contract*</font></td>
</tr>
<tr>
<td><font size="2">Copy of RMV-1 form.* We must be listed as:</font><div align="center"><center><table border="0" cellpadding="0" cellspacing="0" width="100%">
<tr>
<td align="center"><p align="center"><font size="2"><strong>St. Anne Credit Union<br>
93 Union Street<br>
New Bedford, MA. 02740-6361<br>
Lienholder Code: #1894</strong></font></td>
</tr>
</table>
</center></div></td>
</tr>
</table>
</center></div><div align="center"><center><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td align="center"><font size="1"><em>* On refinances, we will need a copy of registration
and a copy of financial note in place of these forms. We will also need $25.00 for the
Registry of Motor Vehicles to add us as lienholder.</em></font></td>
</tr>
</table>
</center></div><p><a href="loanrate.htm#Used Auto Loans"><font color="#000000" size="2" face="Futura">view rates</font></a></td>
</tr>
<tr>
<td align="center"><font color="#000040" size="4" face="Futura"><strong>New Motorcycle
Loans</strong></font></td>
</tr>
<tr>
<td><font color="#000000" size="2" face="Futura">St. Anne Credit Union requires a 20% down
payment on all new motorcycle loans. Maximum term is 36 months. Motorcycle must be
&quot;Street Legal&quot;, and carry required Fire, Theft and Collision insurance coverage.
Before your loan can be finalized, we will need the following:<br>
</font><div align="center"><center><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><font size="2">Main Share Account with $25.00 minimum balance</font></td>
</tr>
<tr>
<td><font size="2">Proof of income (copy of recent paystub)</font></td>
</tr>
<tr>
<td><font size="2">$12.00 fee for Single Vendor's Interest Insurance</font></td>
</tr>
<tr>
<td><font size="2">Insurance Binder</font></td>
</tr>
<tr>
<td><font size="2">Copy of Purchase Contract*</font></td>
</tr>
<tr>
<td><font size="2">Copy of RMV-1 form.* We must be listed as:</font><div align="center"><center><table border="0" cellpadding="0" cellspacing="0" width="100%">
<tr>
<td align="center"><font size="2"><strong>St. Anne Credit Union<br>
93 Union Street<br>
New Bedford, MA. 02740-6361<br>
Lienholder Code: #1894</strong></font></td>
</tr>
</table>
</center></div></td>
</tr>
</table>
</center></div><div align="center"><center><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td align="center"><font size="1"><em>* On refinances, we will need a copy of registration
and a copy of financial note in place of these forms. We will also need $25.00 for the
Registry of Motor Vehicles to add us as lienholder.</em></font></td>
</tr>
</table>
</center></div><p><a href="loanrate.htm#New Motorcycle"><font size="2">view rates</font></a></td>
</tr>
<tr>
<td align="center"><a name="Personal Loans"><font color="#000040" size="4" face="Futura"><em><strong>Personal
Loans</strong></em></font></a></td>
</tr>
<tr>
<td><font color="#000000" size="2" face="Futura">Borrow from $500.00 to $7,500.00 for
terms ranging from 6 months to 4 years. Watch for special loans through the year.</font><p><a href="loanrate.htm#Personal Loans"><font size="2">view rates</font></a></td>
</tr>
<tr>
<td align="center"><a name="Consumer Loans"><font color="#000040" size="4" face="Futura"><em><strong>Consumer
Loans</strong></em></font></a></td>
</tr>
<tr>
<td><font size="2" face="Futura">This is similar to a personal loan with one exception.
The payment must be automatically withdrawn from your savings account. By allowing the
credit union to do this, you receive a full one percentage point discount. If the funds
are not in your account on your due date, the credit union will increase your rate from
9.75% to 10.75%, or 11.50% to 12.50%. You may borrow from $500.00 to $7,500.00 for terms
up to four years.</font><p><a href="loanrate.htm#Consumer Loans"><font size="2" face="Futura">view rates</font></a></td>
</tr>
<tr>
<td align="center"><a name="Share Loans"><font color="#000040" size="4" face="Futura"><em><strong>Share
Loans</strong></em></font></a></td>
</tr>
<tr>
<td><font size="2" face="Futura">This type of loan is secured by your Main Share Account.
You can borrow up to 90% of the balance in your account for 3% over the current share
rate. You still earn interest on your savings. The maximum term is 48 months. Monthly
payments of principal and interest are required.</font><p><font size="2" face="Futura">Loans
secured by Certificates of Deposit accounts are also available at a rate of 3% over the
rate you are receiving on your CD. Your loan will mature on the same day the CD securing
it does.</font></p>
<p><a href="loanrate.htm#Share Loans"><font size="2" face="Futura">view rates</font></a></td>
</tr>
<tr>
<td align="center"><a name="Equity Loans"><font color="#000040" size="4" face="Futura"><em><strong>Equity
Loans</strong></em></font></a></td>
</tr>
<tr>
<td><font size="2" face="Futura">This is a fixed rate loan on your home. St. Anne Credit
Union will loan up to 80% of the appraised value of your property less the first mortgage.
The terms are five to fifteen years. The same fees apply as for the Equity Line of Credit.
The loan is available on owner occupied property only.<br>
</font><div align="center"><center><table border="0" cellpadding="0" cellspacing="0" width="100%">
<tr>
<td><a href="loanrate.htm#Home Equity Loans"><font size="2" face="Futura">view rates</font></a></td>
<td align="right"><a href="heloc.htm#HOME EQUITY LOAN">more info</a></td>
</tr>
</table>
</center></div></td>
</tr>
<tr>
<td align="center"><a name="Equity Line of Credit"><font color="#000040" size="4" face="Futura"><em><strong>Equity Line of Credit</strong></em></font></a></td>
</tr>
<tr>
<td><font size="2" face="Futura">St. Anne Credit Union will loan up to 80% of the
appraised value of your property less the first mortgage. The loan is available on owner
occupied property only. The same fees apply as for the Equity Loan.<br>
</font><div align="center"><center><table border="0" cellpadding="0" cellspacing="0" width="100%">
<tr>
<td><a href="heloc.htm#HOME EQUITY LINE OF CREDIT"><font size="2" face="Futura">view rates</font></a></td>
<td align="right"><a href="heloc.htm#HOME EQUITY LINE OF CREDIT">more info</a></td>
</tr>
</table>
</center></div></td>
</tr>
<tr>
<td align="center"><a name="Mortgage Loans"><font color="#000040" size="4" face="Futura"><em><strong>Mortgage
Loans</strong></em></font></a></td>
</tr>
<tr>
<td><font size="2">We offer fixed rate mortgages from 5 to 30 years, and 3 year adjustable
rate mortgages based on a 30 year amortization. Please call for current information on our
mortgage plans.</font><p><a href="loanrate.htm#Mortgage Rates**"><font size="2">view rates</font></a></td>
</tr>
</table>
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<td><font size="1"><strong>The Author is<br>
a member of<br>
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