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 $2,500 for 12 (twelve)
months. Back to School Loans are available from July 1st through
September 30th each year.
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Education Loan
Our Education Loan is a signature loan you can use to cover
the expenses of attending a private school, college or university.
The loan proceeds must be made payable directly to the school
and can be used for tuition, fees, books, supplies, room and
board. Qualified members can borrow up to $10,000 for 60 (sixty)
months. Education Loans are available throughout the year.
(NOTE: This is not a government guaranteed student loan.)
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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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Lawn
Tractor Loan
Whether you need a new lawn tractor
for cutting grass in the summer or plowing snow in the winter,
we have the loan for you. Our Lawn Tractor Loan is a signature
loan that qualified members can use to borrow up to $2,500
for 24 (twenty-four) months. Lawn Tractor Loans are available
throughout the year.
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Personal
Computer Loan
Are you ready to enter the information
age by buying your first computer? Is your old computer too
slow or too small for your current needs? Do you need a second
computer for another family member? We have a low cost solution
to your dilemma. Our Personal Computer Loan is a signature
loan that qualified members can use to borrow up to $2,500
for 24 (twenty-four) months. Personal Computer Loans are available
throughout the year.
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Pool
/ Spa Loan
Would you like to be able to beat
the summer heat by taking a dip in your own back yard? Would
you like to relax in your very own spa anytime you want? Our
Pool / Spa Loan is a signature loan that qualified members
can use to borrow up to $4,000 for 24 (twenty-four) months.
Loan proceeds must be made payable directly to the supplier.
Pool / Spa Loans are available throughout the 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 $10,000 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