Introducing Berkshire Bank’s MTA PowerLine An unsecured loan specifically designed for Higher Education members of the MTA who want to switch from the Optional Retirement Plan to the State Employees Retirement Plan. An unsecured line of credit that will allow you to access cash to fund your retirement transfer. »» No collateral required »» Same day access to available funds Put Berkshire Bank’s PowerLine to work for you! Loan Amount $5,000 to $24,999 Loan Amount $25,000 to $75,000 Prime Plus Prime Plus 4.00% 7.25%APR * current rate ** 00% 5. 8.25% current rate APR To learn about MTA PowerLine, please call one of our lending experts and apply today. » » » » » John McNana - Eastern, Central MA & Springfield - 860.519.2178 Susan Gagne - East Longmeadow - 413.564.6330 Leigh Ann Spear - Southwick - 413.564.6571 Samantha Tanner - North Adams - 413.664.4061 Scott Cowlin - Stockbridge - 413.298.5526 Life is exciting. Let us help. 800.773.5601 Banking products are provided by Berkshire Bank: Member FDIC. Equal Housing Lender. Berkshire Bank is a Massachusetts chartered bank. * APR (Annual Percentage Rate) available for qualifying MTA Higher Education applicants for lines $5,000 to $24,999. APR is variable and based on Prime Rate plus 4.00% (currently 7.25% APR as of 2/10/15), floating for the life of the loan as found in the “Money Rate” section of the Wall Street Journal. **APR (Annual Percentage Rate) available for qualifying MTA Higher Education applicants for lines $25,000 to $75,000. APR is variable and based on Prime Rate plus 5.00% (currently 8.25% APR as of 2/10/15), floating for the life of the loan as found in the “Money Rate” section of the Wall Street Journal. The maximum APR that can apply is 18% and the minimum APR can be no lower than the 5.00% floor or a maximum of an 18% ceiling. The MTA PowerLine requires a Berkshire Bank Elite checking account relationship. The total amount of any accrued interest charges or a minimum accrued interest charge of $50.00 will be applied on the last of the loan’s monthly billing cycle. APRs are variable and may increase after consummation. Apart from the maximum and minimum, there is no limit on the amount by which the rate can change during any one-year period. The maximum loan amount is $75,000 and is subject to annual review. To apply, you must be 18 years of age or older and agree to provide additional personal information, if requested, such as tax returns and financial statements and have a FICO score of 700 or higher with a maximum total debt ratio of 40%. Subject to credit approval. No membership or participation fees will be imposed. Offer subject to change without notice and is available for MTA members only. NEITHER MTA, MTA BENEFITS NOR BERKSHIRE BANK MAKE ANY WARRANTIES OR REPRESENTATIONS CONCERNING THE SUITABILITY OF THESE PRODUCTS FOR FUNDING THE TRANSFER FROM ORP TO SERS. SUCH DECISION IS BASED ON EACH APPLICANT’S UNIQUE CIRCUMSTANCES AND IT IS THE RESPONSIBILITY OF APPLICANT TO CONSULT HIS/HER OWN FINANCIAL ADVISOR AND/OR TAX PROFESSIONAL IN MAKING SUCH DECISION. berkshirebank.com Banking · Insurance Wealth Management