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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
- Rate - 5%APR*
- Limited to amount in Shared Savings
- Repayment within reason.
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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
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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
- Rates
- Low as 4.25% to 9.0% APR* dependent on risk grading.
- 24, 36, 42 and 48 month terms
- Not to exceed 90% of average N.A.D.A. retail price plus
90% of registration/license and sales tax.
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Download
Vehicle Forms
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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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