Kwik Cash

The Annual Percentage Rate (APR) for the new variable rate advances and existing balances will change on the 1st day of each month to reflect any change in the index and will be determined by calculating the highest national prime rate figure as published in the Wall Street Journal on that day plus the applicable percentage shown above. The APR will never be greater than the maximum rate allowed by law. Any increase in the APR will take the form of more payments of the same amount until what you owe has been repaid.

Mercy Health System Loans

The Annual Percentage Rate (APR) will be determined by calculating the highest national prime rate figure as published in the Wall Street Journal on the day of the advance plus the applicable percentage shown above. The APR will never be greater than the maximum rate allowed by law. The APR for an individual advance for a Mercy Health System Loan will remain fixed at the APR in effect at the time of the advance, and will not change until what you owe has been repaid. Qualified applicants must be referred through Mercy Health System.

Certificate / Share Secured

The Annual Percentage Rate (APR) will be the dividend rate being paid on the Certificate/Share Account offered as security (Index) plus the percentage shown above. The Certificate must be renewed until the advance is completely paid. Failure to renew will result in default under the Plan. When the Certificate is renewed the APR will change to reflect the new dividend rate. Any increase in APR will result in more payments of the same amount until what you owe has been repaid.

If you give a security interest in certain types of property, we may charge you a filing fee to perfect our interest in the property. If so, the amount of the fee will be disclosed to you at the time you obtain an advance.

For each of the following services (listed below) that you have with us at the time your loan is disbursed, you will be eligible for a .25% rate reduction, up to a maximum discount of .50%. If any of these services are discontinued, your rate will increase to the applicable rate and any increase in the rate will result in more payments of the same amount. If you terminate the products that led to your service discount during the agreement, the discount for those products may not be available to you on future advances. This discount only applies to loans covered by this plan (with the exception of Kwik Cash, Financial Improvement Loan, Share Secured, and insured home improvement loans as they are not eligible for a service discount). Refinances require a minimum advance of $2500 to be eligible for a service discount, or a lower interest rate

•  Share Draft/Share Account with Direct Deposit
•  Payroll Deduction/Automatic Transfer for your loan payment from BHCCU checking account

If your payment is 10 or more days late, you may be charged a $10.00 fee, or 5% of your monthly payment, whichever is less. On Kwik Cash, your account will be subject to a charge of $5.00 in any billing cycle in which we receive less than the minimum payment due as specified in 10 days or later from the due date.

You promise to pay all costs of collecting the amount that you owe under this agreement, including court costs and reasonable attorney fees to the extent permitted by applicable law.

You will be charged $10.00 for each share draft (or check) presented for payment on a loan which is returned unsatisfied because the drawer does not have an account with the drawee, or does not have sufficient funds in his or her account, or does not have sufficient credit with the drawee.