Rates current as of August 21, 2008 and are subject to change.

All Annual Percentage Rates (APR) may vary unless otherwise noted. Rate based on credit Qualification

*The Prime Rate is as published in the Money Rates section of the Wall Street Journal on the last Friday of the month effective on the 1st day of the following month and subject to change. Interest Rate can vary in rate not to exceed 18.00%.

A standard one-time origination fee of $250 is assessed for each Home Equity program (new or rollover from an existing Home Equity program). This fee is reduced by half ($125) if the Home Equity is done in conjunction with a mortgage loan through OCCU. We will use an acceptable tax assessment and/or appraisal to determine equity position but if a new appraisal is required or requested by the member and the loan cannot be approved the full cost for the appraisal will be at the members’ expense.

Rate Adjustments on the Variable Rate Home Equity Programs will occur on the first day of January and July each year of the loan.

Variable Rates Index
The interest rate charged on the VISA account is variable and may change each month. The index is the greater of either 7% of the annualized yield (coupon equivalent) of the average auction results of the 26 Week Treasury Bills sold during the third week of the month before the Change Date up to the nearest one quarter percent. The margins, Annual Percentage Rates and corresponding daily periodic rate in effect when this plan is opened are set forth in the Rate Addendum, and are dependent upon each advance. Ask us about our current margin and Annual percentage Rates . The index plus the margin equals the anual percentage rate . the anual percentage rate will not be greater than 18.00%. The Rate is recalculated monthly and becomes effective on the next billing cycle and will be applied to all changes and outstanding balances the day following the billing cycle date.