Loans

New & Used Vehicle

New Vehicle

Up to 100% financing to qualified applicants with terms up to 60 months. Some “luxury” cars may qualify for longer terms.

Used Vehicle

Maximum loan based on NADA Retail value. Up to 60 months financing based on the value of the automobile.

Share - Secured Loan

Loan is secured by funds in the applicant’s share account or the account of another who pledges their shares to secure the loan. They are offered at lower rates while allowing members to retain savings.

Special Purchase Loan

For the purchase of members’ special needs to include (but not limited to) home appliances, electronics, computers, exercise equipment, medical devices, etc. The loan value will be based on the purchase price indicated on the invoice or bill of sale. Items purchased will serve as security for the loan.

Mortgages

First Mortgage

Financing for up to 80% of the appraised value.

Second Mortgage

Financing for up to 80% of the appraised value, less balance owed on existing mortgage.

Closing costs and appraisal fees will be paid by the credit union member. Interest rate and payment amount are fixed for the life of the loan. The credit union holds its real estate loans; they are not sold in a secondary market.