Loan Rates



Loan Rates

Rates Effective: December 1, 2023. All rates quoted are Annual Percentage Rates (APR). Rates subject to change. With approved credit.

Vehicle Loans APR
Auto – New, Used, & Refinanced As Low As 5.04%*
Motorcycle – New and Used As Low As 6.11%*
Boats/Watercraft – New and Used As Low As 8.16%*
ATV/Motor Homes/RV Trailers and Campers As Low As 8.16%*

Rates Effective: December 1, 2023. All rates quoted are Annual Percentage Rates (APR). Rates subject to change. With approved credit.

Signature Loans APR
Personal Loan (up to $50,000) As Low As 13.04%* (VARIABLE TERMS)
Line of Credit (LOC)1 As Low As 18.00%* (UP TO 48 MONTHS)

Shared/CD Secured Loans APR
Share Secured 3% Over Highest Tiered Share Rate**
CD Secured 3% Over Term of CD, Rounded to Nearest 1/4%***

Misc. Equipment APR
90% of purchase/appraised value See Signature Loan Terms



**Share / Money Market Secured (Variable): The ANNUAL PERCENTAGE RATE (APR) will be the most recently declared dividend rate being paid on the highest tiered Share/ Money Fund account (Index) on the date of the advance plus a margin of 3.00% above the index. Notwithstanding this calculation, your APR will never be more than 18.00%, or the maximum rate permitted by law, whichever is less. Your APR will never be less than 3.00%. If there is an existing balance at the date of a new advance, the new advance will be added to the existing balance, and the entire balance will be at the new (most recent) APR. Interest rates are subject to change semi-annually January 1 & July 1 of each year to reflect any change in the Index. The rate cannot increase or decrease more than 1/2% in any six month period. Any increase or decrease in the APR will affect the number of monthly payments you will make under the account. Any increase in the APR will result in more payments of the same amount until what you owe has been repaid.
 
***Variable Rate Certificate (CD) Secured: The ANNUAL PERCENTAGE RATE (APR) for advances secured by Share Certificate of Deposit (CD) will be equal to the dividend rate being paid on the CD offered as security (Index) plus a margin of 3.00%. Not withstanding this calculation, the APR will never be more than 18.00%, or the maximum rate permitted by law, whichever is less. The APR will never be less than 3.00%. The CD must be continuously renewed until the advance has been completely repaid. When the Certificate is renewed, the APR will be adjusted to reflect the new Index plus the 3.00% Margin. Failure to renew will result in default under this plan. Any increase or decrease in the APR will affect the number of monthly payments you will make under the account Any increase in the APR will result in more payments of the same amount until what you owe has been repaid. The APR and Daily Periodic Rate (DPR) will be disclosed on the Receipt (Disbursement Receipt / Voucher) at the time of the advance.

1Minimum Advance: For Line of Credit advances, the Minimum Advance is $50 for each advance. There is no minimum fee for Automatic Overdraft Protection advances.
Rates Effective: December 1, 2023. All rates quoted are Annual Percentage Rates (APR). Rates subject to change. With approved credit.

Credit Card APR
MasterCard Platinum Rewards (Rate & Fee Disclosure) As Low As 13.24%*
Shared Secured Credit Card (Rate & Fee Disclosure) As Low As 13.24%*

Rates Effective: December 1, 2023. All rates quoted are Annual Percentage Rates (APR). Rates subject to change. With approved credit.
 

Home Equity Loans & Line of Credit APR
Home Equity Line of Credit (HELOC)1,2 As Low As 9.62%*
Home Equity3 As Low As 7.45%*
1st Lien Home Equity3 As Low As 7.30%*
Unimproved Property
Please Contact our Real Estate Loan Department for Our Current Low Rate
713.852.6746 or 713.852.6764

1Minimum Home Equity Line of Credit amount is $10,000. Loan amount cannot exceed 80% of the collateral value, less outstanding liens.
2The Annual Percentage Rate (APR) is variable and is based on the Prime Rate as stated in The Wall Street Journal plus a margin. The APR is subject to change at any time without notice. The APR will change effective with changes in the Index. If the APR adjusts, the maximum APR will not exceed 18% and the minimum APR will not be lower than 3.25%. There is a 5-year draw period with interest-only payments followed by a repayment period ranging from 15-20 years with equal monthly principal and interest payments. Minimum advance is $5,000 at closing and minimum draw amount of $5,000 during draw period. Loans are based on credit approval and program guidelines. Rates and terms are based your earned credit score and lien position. No member or other discounts are available. Certain restrictions and conditions apply. Acceptable property hazard insurance is required, as well as flood insurance if the property is in a designated flood zone. You should consult your tax advisor regarding your possible tax implications.
3Loan amount cannot exceed 80% of the collateral value, less outstanding liens. 
Mortgage Loans APR
30 Day Lock: 15, 20, 30 Years Please Contact our Real Estate Loan Department for Our Current Low Rates at 713-852-6800 
 


























Trustpilot
 
 
*All rates are listed as ANNUAL PERCENTAGE RATE (APR). Certain credit criteria and restrictions apply. Lowest rate is based on your excellent credit history, loan terms, and relationship product discounts (up to 2 products with the credit union). As low as rate is based on lowest available term. Some Home Equity products may include buy down points to receive as low as rates. Credit card rates will vary with the market based on the Prime Rate as published in the Wall Street Journal and may increase. The credit card APR is determined by adding a margin to the Prime Rate (see your credit card agreement for additional information). Credit card changes require 45 days advance notice.  Texas Bay Credit Union is an Equal Housing and Equal Credit Opportunity Lender. The above rates are subject to change without notice. For current rates and more information, please call the credit union at (713) 366-4929.
 
Collection Costs: You promise to pay all costs of collecting the amount you owe under this agreement including court costs and reasonable attorney fees.
 
Late Charges: Please refer to your loan contract for late charges and fees you agreed to at the time of closing.
 
Minimum Payment: For Line of Credit advances, your monthly payment will be $5 for each $100 outstanding balances (rounded up to nearest $100 increment). Your minimum payment will never be less than $25. For Automatic Overdraft Protection, your monthly will be $5 for each $100 outstanding balance or the entire outstanding balance, whichever is less. LOC rates adjust quarterly. The rate cannot increase or decrease more than 1/2% in any three month period. Any increase or decrease in the APR will affect the number of monthly payments you will make under the account. Any increase in the APR will result in more payments of the same amount until what you owe has been repaid.
 
Minimum Advance: For Line of Credit advances, the Minimum Advance is $50.00 for each advance. There is no minimum for Automatic Overdraft Protection Advances.
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