LCCU Consumer Credit Pricing addendum unsecured

The LCCU Consumer Credit Pricing addendum unsecured filing from Latino Community Credit Union sets out a 16% purchase APR. The purchase rate sits at roughly the 17th percentile of the 4,587 agreements indexed here.

The disclosed terms

What follows is drawn entirely from Latino Community Credit Union's CFPB filing for LCCU Consumer Credit Pricing addendum unsecured. It is issued on the Visa network and the filing runs two pages.

Terms captured from the document include a purchase rate, a cash advance rate, a balance transfer rate, a late payment maximum and a grace period. No figure appears for a penalty rate, an annual fee line and a foreign transaction fee.

The purchase rate in context

The purchase APR of 16% places this agreement around the 17th percentile of the set — it is comfortably below what most issuers filed.

The agreement labels the purchase rate variable, so the quoted figure reflects the index at the time of filing rather than a locked-in price.

Translating the rate into money

A $3,000 balance left untouched for twelve months accrues about $520 in interest at this purchase rate.

A typical filing in this index would charge about $738 on that balance; this one is roughly $217 a year below it.

Per statement cycle that is on the order of $39.70 on $3,000, which is the number that actually shows up on a bill.

That maths assumes a static balance and nothing else — no payments, no additional purchases, no fees folded in.

The fee structure

For cash advances the filing discloses a cash advance fee of $0 and a cash advance APR of 16%. Cash advances also tend to fall outside any grace period, which means interest typically starts on day one rather than at the end of a billing cycle.

Transferred balances are priced at 16%; no separate transfer fee was captured from the filing.

The no-interest path

23 days is the disclosed grace period for purchases — the interval in which paying in full costs nothing. That is shorter than the 25-day corpus median.

Default pricing

The maximum late fee is $10 — roughly the 6th percentile of the late fee ceilings disclosed across this index.

The issuer's other agreements

4 separate Latino Community Credit Union filings appear in the corpus.

What the filing does not tell you

Absent from the captured terms: an annual fee, a foreign transaction fee and penalty pricing. The original document is the place to look for any of these.

It is worth being explicit about scope: these filings record terms and pricing. They say nothing about rewards programmes, cardholder benefits, promotional offers or who the issuer will approve, and this review does not speculate about any of it.

The document itself

The filed PDF is linked from this page and runs two pages. It is the authority for every figure summarised above; where this page and the document disagree, the document is right.

In short

At 16% the purchase rate is low relative to this corpus, which is the clearest thing the filing has going for it on cost.