LOAN SERVICES
Back
To School Loan
Our Back to School Loan is a signature loan you can use to
get everything your child needs to go back to school –
new clothes, books, supplies, fees, or even a personal computer.
Qualified members can borrow up to $3,000 for 12 (twelve)
months. Back to School Loans are available from July 1st through
September 30th each year.
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Holiday Loan
Do you need extra cash for holiday
shopping? Are holiday bills starting to roll in? Are your
monthly payments adding up? Are high interest rates making
it harder for you to pay off your balance? Well, there's only
one way to spell relief from these financial worries. Get
a Holiday Loan from your Credit Union. A debt consolidation
loan allows you to pay off your bills, giving you only one,
often lower, monthly payment. With our Holiday Loan, qualified
members can borrow up to $3,000 for 12 (twelve) months at
rates much lower than most credit cards and finance companies
charge. Holiday Loans are available every year from October
1st through January 31st of the following year.
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Share
Secured Loan
Our Share Secured Loan is perfect
for members who want to save interest charges by borrowing
against the money they have on deposit with the Credit Union.
We're able to grant instant approval of this loan because
we don’t have to run a credit check or verify the borrower’s
income. We simply place a hold on the deposits in either a
Regular Share Savings Account or a Share Certificate equal
to the amount of the loan. As loan payments are made and the
principal balance of the loan is reduced, the hold on corresponding
deposits is released. There is no maximum amount that can
be borrowed as long as there are funds on deposit to cover
the balance. The interest rate charged on the loan will be
3% above the rate being earned on the pledged deposits if
automatic loan payments are arranged (direct deposit, payroll
deduction or automatic transfer). If automatic payments are
not made, the loan rate will be 3.5% above what is being earned
on the deposits. The maximum repayment term is 144 (one hundred
forty-four) months. Share Secured Loans are available throughout
the year.
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Signature
Loan
We offer Signature Loans for any worthwhile
purpose – home repairs, furniture, appliances, medical
bills, car repairs, bill consolidation – whatever you
need. With our Signature Loan, qualified members can borrow
up to $20,000 for 60 (sixty) months. Signature Loans are available
throughout the year.
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Vacation
Loan
What do you do when you’re ready
for a vacation but short on cash? Visit your Credit Union,
of course. We have the money to make your vacation dreams
come true. Our Vacation Loan is a signature loan that qualified
members can use to borrow up to $3,000 for 12 (twelve) months.
Vacation Loans are available throughout the year.
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410-642-6037