Loans   
 
All loans have Credit Life up to a maximum aggregate of $35,000.00 paid by the Credit Union.
 
Apply today by using our secure on-line loan application* link below, or go to our Applications page to use calculators we have provided for a loan estimate before applying.

 

*All of our on-line applications and forms are secured by Network Solutions Site Safe Certificate program.  Click on the  Network Solutions Site Safe seal at the bottom of this page if you want additional information.

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 Unsecured Loans
The Credit Union offers two types of unsecured loans.  The member has the ability to apply for a Signature Loan which gives the member access to $1.00 to $15,000.00 with various terms.  The other unsecured loan allows the member to access a Line of Credit with a maximum amount of $3,000.00 and a payment ranging from a minimum of $35.00 to a maximum of $150.00.
 
 
Secured Loans
The Credit Union offers the following Secured Loan Products:
 
Share Loan:  The borrower uses an equal amount of their shares as collateral to secure the loan amount.  The member's shares are "Frozen".  The specified amount of the shares is held by the Credit Union until the loan is repaid in full.  The member continues to accrue dividends on the pledged shares and the frozen amount decreases in proportion to the outstanding amount owed on the loan each month.
 
Co-Maker/Collateral Loan:   These loans require either a Co-Maker who agrees to pay the in the event the borrower fails to make payments or acceptable collateral equal to at least the amount of the loan.  Any qualified member may borrow up to $6,500.00 with a Co-Maker and a maximum of $100,000.00 with acceptable collateral.
 
New or Used Vehicle Loan:   These loans are made for the purchase of vehicles, and the borrower must secure the loan by assigning the Credit Union as the 1st Lienholder on the title of the vehicle being financed.  The Credit Union considers a new vehicle to be any vehicle that has never been titled and all others as used, including refinanced from other financial institutions.  The maximum loan term is 5 years.
  • Category I - Cars, Trucks, Vans and  Motorhomes,  
  • Category II - ATV's, Boats, Boat Motors, Campers, Jet Skis, Motorcycles, Snowmobiles and Trailers
  • Category II - Mowers, Tractors and Other Outdoor Equipment   
  • Category III - the larger Motorhomes (these have longer terms available).
Student Loans:   After July 1, 2010, the Credit Union will no longer be able to offer the Subsidized and Unsubsidized Stafford Loan or the PLUS Loan. They recently enacted Health Care and Education Affordability Reconciliation Act of 2010 (HR 4872), which eliminates the Federal Family Educational Loan (FFEL) Program on July 1, 2010.  If you are applying for a loan for the 2010 - 2011 academic year, please contact your school's financial aid office for assistance.
 
Closed End Fixed Rate Home Equity Loan:  This loan uses the equity you have in your home and grants you monies.  All qualified members could borrow up to 80% of the equity they have in their home up to a maximum of $50,000.00.  Term is determined on the amount borrowed.  There is a one time application fee and disbursement per loan.