* Rates are subject to change at any time. Your initial Annual Percentage Rate (APR) for a Home Equity Line of Credit will be calculated by adding the appropriate margin to the prevailing Prime Rate (index) as published in the Money Rates column of the Wall Street Journal as of the date your documents are prepared. The initial rate will remain in effect until the first rate change date as described below. The subsequent APR is a variable rate based on the highest Prime Rate as listed in the Money Rates Section of the Wall Street Journal on the first business day of the month which was 4% on November 1, 2008. Prime Time Home Equity Line of Credit: The rate is Prime Rate for credit lines with a loan to value (LTV) ratio of 80% or less for lines less than $100,000 and Prime Rate minus 1/2% for lines of $100,000 or more; Prime Rate plus 1% for credit lines of 80.01%-90% LTV and Prime Rate plus 2% for credit lines of 90.01%-95% LTV. The rate may vary on the 20th of each month. The maximum APR is 18% and monthly payments of interest only will result in a balloon payment at the end of the ten-year draw period. On the House Home Equity Line of Credit: The rate is Prime Rate plus 1/2% for credit lines with a loan to value (LTV) ratio of 80% or less, Prime Rate plus 1% for credit lines with a 80.01%-90% LTV or Prime Rate plus 2% for credit lines with a 90.01%-95% LTV. The rate may vary twice a year on January 20th and July 20th up to 1% annually and a maximum of 6% above the initial rate during the life of the loan. Ten-year draw period and ten-year repayment period. An Early Cancellation fee may be charged on both Home Equity Lines of Credit if the line of credit is paid in full and closed within the 24 months of the opening date. The maximum cost will not exceed two-hundred and fifty dollars. An early cancellation fee will not be charged if Great Lakes Credit Union terminates the Credit Line Account. Second Mortgage Loan, Bridge Loan or Vacant Lot Loan: Once established, the Annual Percentage Rate (APR) is fixed for the term of the loan. Stated rates may change at any time. For all home equity/second mortgage products, credit lines or loan amounts are available from $5,000 to $300,000 and up to $500,000 for a home equity line with a LTV of 80% or less. Closing costs will be waived up to $500 unless the loan is used to purchase the real estate used as collateral on the loan. Property insurance is required. Flood insurance may be required. Consult your tax advisor about the deductibility of interest. Valid for owner-occupied single-family residences, town homes and condominiums.

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