LOANS
Loan rates are determined based upon each members credit rating at the time a loan is applied for. Those members with better credit ratings will be able to borrow money at lower rates than those with worse ratings.

An application for a Loan must be completed in detail (in ink), by a member and turned into the Credit Union Office. It is particularly important to answer all questions, on all parts of the form. You must provide proof of income and copy of driver’s license. It is the borrower’s responsibility to present to the Credit Union sufficient information as to ownership of any personal property used as security for a loan. Please have your Insurance Company send the Credit Union a LOSS PAYEE form, as proof that your vehicle is insured. Titles must be filed on all vehicles. A member may apply for a loan, with one year of employment or if retired sufficient proof of income.

INSURANCE
Life Insurance (up to age 70) and Permanent disability insurance (prior to your 60th birthday) may be purchased at the time of loan. This is a member pay insurance policy.

COLLECTION POLICY
After 60 days, if a member’s loan becomes delinquent for any reason, it will be turned over to a Collection Service. The member will be liable for paying a reasonable fee to the agency for collections fees.

A member may borrow money as follows:

UNSECURED LOANS*

PERSONAL LOANS
Up to $8,000
Up to 4 years to repay

*Total unsecured Loans cannot exceed $8,000.

SHARES FROZEN LOANS
Up to 5 years to repay

SECURED LOANS

RECREATIONAL VEHICLES
Up to 5 years to repay
Finance up to 100% of sale price for new
85% of value for used

NEW CAR LOANS
Up to 100% of sticker price
Up to 5 years to repay

USED CAR LOANS
Up to $30,000
Up to 4 years to repay*
Finance up to 90% of blue book value. Loans are available on cars up to 7 years old.

*Depending on year of car. Loan Interest Rates may change at anytime without notice. Check Loan Specials

LOAN REPAYMENT
There are 2 ways of loan repayment available.
Direct Deposit (ACH)
Coupon Book