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Disclosures

2Maximum amount advanced is based on the average folio posted to agent's or DM's account each month.

3Agents: Borrow up to 75% of contract value for an agency acquisition loan or down payment on commercial real estate. Borrow up to 60% of contract value (dependent on agency growth model).
District Managers: Borrow up to 60% without sales restrictions.
Agents and DMs: Should a UCC not be on file for an account holder/borrower and their respective agency on another account, one will need to be filed upon the funding/opening of this Credit Line. At such time the prevailing rate/cost for filing a UCC will be assessed against the account holder/borrower.

4Up to $50,000. For all Agents: Loanable amount is 25% of contract value (minus encumbrances) if "Truck Exchange" commissions exceed 50% of "All Companies" commission. Should a UCC not be on file for an account holder/borrower and their respective agency on another account, one will need to be filed upon the funding/opening of this Credit Line. At such time the prevailing rate/cost for filing a UCC will be assessed against the account holder/borrower.

5Consult your tax adviser regarding tax consequences and your specific situation.

7The date on which a qualifying member takes an advance on a Home Equity Loan or Line of Credit is a controlling date which the Credit Union uses to determine the rebate payment date (first advance date + 90 days) and rebate amount. Provided there is an outstanding balance on the equity line/loan on the scheduled rebate payment date, the rebate will be calculated based on the average balance during the first 90 days of the loan. Terms are subject to change without notice.

8Maximum total rebate of $300, provided the member is a Farmers policyholder. Terms are subject to change without notice.

9Borrow up to 75% of contract value.

†APR=Annual Percentage Rate. Rates are variable rates. Rates begin at 3.99% for Agency Secured Loans and 7.99% for Agency Purchase Loans based on a FICO score of 720. Rates include discounts for Direct Deposit into a Farmers Insurance Federal Credit Union Checking Account. All loans and rates are subject to credit approval, terms and conditions. Higher rates may apply. Rates are subject to change without notice.

As Contract Value is acquired annually on the agency purchased, the newly available Contract Value (or 20% annually of the Contract Value on the agency purchased) will be converted to an Agency Secured loan. In addition to standard underwriting and credit approval, this loan is subject to the approval of the terms and conditions of the contract value sales agreement.

*APY = Annual Percentage Yield. Yields are subject to change at anytime. Fees could reduce the earnings on an account.

+APR = annual percentage rate. Rates include discounts for Direct Deposit into a Farmers Insurance Federal Credit Union Checking Account. Rates are subject to change at anytime.

**The balance transfer amount from other Farmers Insurance Federal Credit Union credit cards will retain its current rate (i.e., Visa Select at 8.99%, Visa Platinum at 10.99%, until the transferred balance is paid off. APR=Annual Percentage Rate. Rate quoted is the lowest rate possible for qualified borrowers and is subject to change. Qualification is based on credit history, debt, and the ability to repay. Your rate may vary. All loans subject to credit approval. The newly opened Credit Union credit card's rate will only apply to new transactions. Any balances on the previous Credit Union credit card must be paid off at the prior credit card's rate.

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This Credit Union is federally insured by the National Credit Union Administration. This Credit Union is an Equal Housing Lender, we make loans without regard to race, color, religion, national origin, sex, handicap, or familial status.

© 2017 Farmers Insurance Group Federal Credit Union.

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