View All Rates!

Not a member yet? We'll automatically* sign you up to become a member when you apply for a loan so you can start enjoying member benefits right away. Please check to make sure you are eligible to become a member before applying.

To be elligible for membership you must live, regularly work, worship or attend school in Baltimore City, or be a relative by blood or marriage to anyone who lives, works, worships or attends school in Baltimore, or you must be a current or former employee of a company or employer, which is a MECU "Select Employee Group".

Whether you're an existing member or want to become a member, MECU makes it easy to apply online, 24 / 7, by using our easy application links below.

Type of Loan	Why MECU? we offer...	Rates / Application Link
Mortgage Loans Purchase Refinance Cash-Out Refinance	Low Rates (Fixed and variable options)   Cash-back bonuses++-- can you get that from a bank?   Cash rebate from SmartMove Realtors   Rate discount for qualified first-time home buyers and "Buy in Baltimore" Mortgages   No application or annual fees   Zero-point options   60-day rate lock in (free of charge)   Extended repayment terms to help you keep your payment low	As low as 3.202% APR* Apply Now
Home Equity Loans Lines of Credit	Low Rates -- your rate will never exceed 6% over your initial standard rate. When Prime Rate increases, rates at other lenders can reach as high as 24%.   Cash-back bonuses++-- can you get that from a bank?   No closing costs**   Interest may be tax deductible**   No application or annual fees   Line of Credit funds available for up to 15 years   No payments due until you use your line of credit   24 / 7 Application and Access to funds (with online banking)	Introductory rate as low as 2.00% APR** (fixed rate for 6 months) then Post-introductory rate as low as 3.25% APR** (variable rate) Apply Now
Vehicle Loans (New & Used) Automobiles RVs Boats Motorcycles	Low Rates (Same for new & used)   Cash-back bonuses++-- can you get that from a bank?   AutoSMART - compare vehicles, get dealer quotes, save on loan rates, insure your vehicle at discounted rates   GAP insurance for as little as $230 - a huge savings compared to how much similar plans cost	As low as 3.49% APR*** Apply Now
Visa® Credit Cards	Low rates (same low rate on purchases, balance transfers and cash advances)   No balance transfer fee   No cash advance fee   Rewards points option	Apply Now
Preferred Line of Credit	Low rates   Cash-back bonuses++-- can you get that from a bank?   Lines up to $20,000 (maximum combined limit on PLC and Visa, maximum loan amount is 25% of income)   No need to reapply when requesting an increase   Access your money by ATM, Telephone Teller, Online Banking, and Branch   Life and disability payment protection available	Apply Now
Personal Loan	Low Rates   Cash-back bonuses++-- can you get that from a bank?   Loans from $500 up to $20,000 (maximum loan amount is 25% of income, not to exceed $20,000)   Access your money by ATM, Telephone Teller, Online Banking, and Branch   Life and disability payment protection available	Apply Now
Share Collateral Loan	Low rates because it’s secured by your own Share Savings or Certificate of Deposit   Continue to earn dividend while repaying your loan   Cash-back bonuses++-- can you get that from a bank?   Loans from $100 up to amount of deposit you’re pledging as collateral   Life and disability payment protection available	Apply Now

APR = Annual Percentage Rate. Rates current as of 08.26.10 and are subject to change.

⁺ Applicants must meet membership qualifications.

⁺⁺ Subject to annual Board approval.

^* Stated APR is on a 5/1 Adjustable Rate Mortgage (ARM). The estimated starting monthly payment on a $165,000 loan at 3.202% APR on a 5/1 ARM product over 30 years is $741. Assuming the rate increases as rapidly as possible after the first 5 years, the highest monthly payment would be approximately $1,276. Monthly payment examples include principal and interest but exclude taxes and insurance, so your actual total payment will be higher. Your actual rate may vary depending on collateral, LTV, income, loan amount, and other factors. Loans are subject to credit approval and verification of collateral. The initial APR is fixed for the first 5 years and may change annually after that and could impact the payment. The rate will not increase or decrease more than 2.00% per adjustment. The rate will not increase by more than 6% over the term of the loan nor will it decrease below the original start rate. For more information, please call 410-823-3300.

^**The introductory APR on our Home Equity Line of Credit (HELOC) is a fixed rate for 6 months. A minimum advance of $10,000 is required at settlement. After the introductory period, the APR reverts to a variable rate as low as Prime Rate minus 0.25% -- the lowest available rate is 3.25% APR. Rates may change quarterly. Prime rate is currently 3.25% (since 12/17/09). Maximum APR is 6.0% above the standard rate. Maximum LTV is 80%. MECU will pay closing costs on your HELOC, which you must reimburse to MECU if you close your line of credit within one year of settlement. Consult your tax advisor to determine if your interest is deductible. Adequate property insurance is required. Rates are subject to change. Other rates and terms are available. Subject to credit approval and collateral verification.

^*** APR (Annual Percentage Rate) is current as of 08.26.10 and is subject to change. The advertised rate is our lowest available APR and includes a discount of 0.50% with terms up to 36 months, direct loan payment and a 10% down payment. Your actual rate may vary depending on your loan amount, income, repayment term, collateral, and credit history. The monthly payment on a $20,000 loan at 3.49% APR with a 36-month repayment term would be approximately $586. The monthly payment on a $20,000 loan at the non-discounted rate of 4.99% APR with a typical 60-month repayment term would be approximately $377. All loans are subject to credit approval and verification of acceptable collateral.