Loans


Securely apply for a vehicle loan, RV loan, boat loan, motorcycle loan, or request a personal loan online. We do refer members to CU Members Mortgage for your mortgage loans. You'll really appreciate the convenience. You can also use our information to budget for a major purchase or calculate the amount you need to save for retirement. Either way, the answers you need are as close as your keyboard.


 

Signature Loans

We offer signature loans for various purposes such as : vacation, debt consolidation, car repairs, etc. Rates vary from 8.0% to 13% APR* . The rate is determined by the term of the loan and the member’s credit worthiness. The maximum amount that can be borrowed on a personal loan is $15000.00 for 60 months.


Vehicle Loans

We offer loans for the purchase of a new or used car. Rates vary from 1.5% to 7.0% APR*. The rate is determined by the year of the car, term of the loan, and the member’s credit worthiness. Vehicles that are older than 2011 are financed at signature loan rates. The Credit Union finances up to 100% of the NADA retail value.


Recreational Vehicles/Boats

We offer loans for the purchase of recreational vehicles and boats that can be trailered. Rates vary from 3.5% to 8.75% APR*. The rate is determined by the year of the RV/Boat, term of the loan, and the member’s credit worthiness. RVS/boats that are older than 2010 are financed at signature loan rates. The Credit Union finances up to 80% of the NADA retail value.


Motorcycles

We offer loans for the purchase of new and used motorcycles. Rates vary from 4.0% to 9.25% APR*. the rate is determined by the year of the motorcycle, term of the loan, and the member’s credit worthiness. Motorcycles older than 2010 are financed at signature loan rates. The Credit Union finances up to 80% of the NADA retail value.


Mortgage Loans

The credit union does not currently offer mortgage loans or home equity loans. However we do refer members to CU Members  Mortgage. Click the button below for more information. 


Emergency Loans

We offer loans that are an alternative to high interest payday loans. The following terms apply:

  • Must be a member for 30 days to borrow up to $300.00 for 3 months
  • Must be a member for 60 days to borrow up to $500.00 for 6 months
  • Can only have 1 emergency loan at a time.
  • An emergency loan must be paid in full before obtaining another emergency loan.
  • Can only have 4 emergency loans in a rolling 12 month period. For example a member obtains a loan on
  • January 18, 2018. He/she could only have 3 more loans until January 18, 2019.
  • We do not pull a credit report for these loans.
  • Member must pay the standard loan application fee.
  • The rate for these loans is 28.0% APR*. ( 26.9% APR*. if paid by payroll deduction).
  • Members causing the credit union a loss are not eligible.

Share Secured loans

Members can use their savings or share certificates as collateral to obtain a loan. Rates vary from 3.51% to 6.51% for 100 % share secured loans. Rates vary for certificate loans from 3.01%to 6.01% APR*. The rate is determined by the member’s credit worthiness. Members should remember that the savings amount equal to the loan balance is frozen during the life of the loan.


Lines of Credit

We offer a Line of Credit loans to members. The member can access this line of credit through the Audio response Unit or Home Banking Rates vary from 12.9% to 15.9% APR*. The rate is determined by the member’s credit worthiness. The payment is based on the credit limit and term. The Maximum Line of Credit is $10,000.00.


Overdraft Lines of Credit

We offer overdraft lines of credit to members. These loans are used when a member writes a check, authorizes an automatic withdrawal (ACH), or uses the debit card and there are insufficient funds in the draft or share account to pay the item. Rates vary from 14.9% to 17.9% APR*. The rate is determined by the member’s credit worthiness. The payment is based on the credit limit and term. The Maximum Line of Credit is $10,000.00.