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"NOT FOR PROFIT,
NOT FOR CHARITY
BUT FOR SERVICE"
Serving members
since
13 October 1950
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LOANS
*** DO NOT FAX APPLICATIONS,
ORIGINALS MUST BE MAILED ***
YOU CAN NOW FILL IN THE FORMS PRIOR TO
PRINTING
THEN PRINT, SIGN AND MAIL TO US.
Total Loans must not exceed $35,000.00.
FOLLOW DIRECTIONS CAREFULLY, ALL
APPLICATIONS MUST BE COMPLETED AS SPECIFIED TO AVOID DELAYS IN PROCESSING.
Co-Maker Form
(
Complete this form only if you are co-signing an application and guaranteeing it
will be repaid )
Share Secured Loan
NOTE: YOU ARE
PLEDGING YOUR AVAILABLE SHARES FOR COLLATEAL OF THIS LOAN. THUS,
IF YOU PAYMENTS FALL DELINQUENT MORE THAN TEN (10) DAYS SUCH SHARES WILL
BE WITHDRAWN TO KEEP THE ACCOUNT CURRENT. |
Unsecured Signature Loan
- Rates as low as 9.0% to 12.0%APR* for qualified
members.
- Qualifications
- Ability to repay debt
- Fair credit history
- Past borrowing history at the CU is Good.
- Can not exceed:
- $5,000.00 for qualified members of grade D and C
- $8,000.00 for qualified members of grade A and B
- Must repay 50% of original financed amount to refinance.
You can send a money order, certified check or authorization to
withdraw funds from your share account to cover the amount
- Download FORMS
YOU MUST SELECT EACH FORM BELOW INDIVIDUALLY
1.
Loan
Application
2.
Promissory
Note
3.
Truth in Lending - Reg Z
5 .
Statement
of Understanding
6.
General
Instructions
You must provide proof of income
Failure to provide the above list of forms will delay your loan
processing.
NOTE: If
refinancing an existing unsecured signature loan, remember to add the
amount you are requesting to the current balance on your account.
THIS IS THE TOTAL AMOUNT OF THE LOAN YOU WILL NEED TO REQUEST. |
Vehicle Loan
New Car, Truck or Motorcycle Loans
- Rates
- Low as 3.0% to 8.5% APR* dependent on risk grading.
- 24, 36, 48 and 60 month terms
- 100%, 90% and 80% financing available.
Used Car, Truck or Motorcycle Loans
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*APR - Annual Percentage Rate
WHAT ARE THE COMMON MISTAKES THAT CAN DELAY MY LOAN PROCESS?
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Take the debt ratio test to see your ability to
repay the debt.
Total up all your
monthly Debt ( Include the amount you plan to borrow )
divide this by your total monthly Income to get the Ratio.
Debt/Income = Ratio
less than 20% best less than 30 Safe -
No problems evident
less than 40% Exercise caution -
Requires a good manager, but essentially safe for most sensible purposes
less than 50%
Problems Present - Much restraint needed to correct overspending
greater than 50 over your
head -- needing a financial life ring
60% Candidate
for bankruptcy - Drastic action needed to prevent filing for bankruptcy
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