Lumens Credit Union Welcome to Lumens Credit Union, We are a Credit Union (not a bank) dedicated to giving players the best interest rates on loans and deposits to safely and effectively grow your business or wealth. Our rates are fair and we will do our best to provide the community with much needed economic growth. - Loan rates are 6.00% per real life week (standard loan) - Deposit rates are 0.75% per real life week (standard deposit) - We can provide max loans of k12,000 at the moment with an expected increase if we get more deposits - Deposit interest rates are progressive, a deposit of 5000 or less will have a 0.75% interest and deposits of 5000-10000 will have 1.00% interest. 10000+ will have 1.25% interest. Maximum total deposit per player is k22,000 - Loans will have 4.00% interest rates per week if the borrower provides adequate collateral and holds the collateral until repayment of the loan. If a borrower does not provide collateral the interest rate will be 6.00% per week and the borrower will have 1 month to repay the loan, interest is applied 1 week from the start of the loan. - Interest rates will be compounded weekly, meaning a k1000 deposit will receive k1007.50 at the end of week 1, k1015.06 at the end of week 2, 1022.67 at the end of week 3, etc. - You will need to apply for a membership here, you may apply with loan or deposit slips or just a general application if you don't wish to deposit or take a loan at this time. - You must have 24 hours of playtime to request a loan NOTE: Not Accepting Deposits at this time Deposit Note: Amount: In game Name: Server Playtime: Discord: Do you agree to the below terms: Spoiler: Terms By submitting this deposit note you hereby agree to: An interest rate of no more than 0.75% per week on a deposit of less than or equal to 5,000.00 krunas, or no more than 1.00% per week on a deposit of greater than 5,000.00 krunas but less than or equal to 10,000.00 krunas, or no more than 1.25% per week on a deposit of greater than 10,000.00 krunas. You also agree to relinquish ownership of this deposit should you be inactive on the server for at least 3 full months (91 days). Interest will only be included in a withdrawal after the amount has surpassed at least 1 full week, partial interest will not be included between compounding periods. Interest rates are compounded on a weekly basis beginning on every Monday. If at any point you are banned for more than 1 day, we reserve the right to return your deposit, including interest accrued up to that point, until you are unbanned. Terms may change. We also reserve the right to deny service to anyone we deem a risk to ourselves or our community. Loan Request: Amount: Reason for loan: In game Name: Server Playtime: Discord: Collateral: (list plots, cars, houses, items, etc and their worth) Do you agree to the below terms: Spoiler: Terms By submitting this Loan request, should it be accepted you hereby agree to: Legally repay any debt owed to Lumens Credit Union including interest. An interest rate of no less than 4.00% per week on a loan less than or equal to 10,000.00 krunas if and only if adequate collateral is provided to Lumens Credit Union. An interest rate of no less than 6.00% per week on a loan of less than or equal to 10,000.00 krunas if not enough or no collateral is provided to Lumens Credit Union. Interest will begin compounding 1 week from the day the loan is given. You legally agree to repay any debts including interest to Lumens Credit Union within a time frame agreed upon between both the lender and borrower (1 month from the date the loan is given if the borrower does not notify the lender of any different). If the borrower does not notify LCU of a time frame to repay the loan and requests an extension, a k50 service charge will be applied per every week added to the time frame. You also legally agree to release ownership of any and all collateral totaling up to the amount borrowed minus interest accrued after sale of said collateral provided to Luxaholic (owner of Lumens Credit Union) should the borrowed amount not be repaid to the lender within the agreed upon time period (1 month from the date the loan is given if the borrower does not notify the lender of any different). Should a debt be repaid before the end of a week (between compounding periods) the debt including interest of the closest compounding period will apply (if a debt is repaid on a friday the future rate that would be applied on the coming monday would apply). Terms may change. Both of these requests will also be available in game. note: please do not pay Luxaholic unless I am online, any deposits made while I am offline that I can not account for will not be my responsibility.