Coast Guard Employees Credit Union

FIRST QUARTER 2008 STATEMENTS HAVE BEEN MAILED.  CALL US IF YOU DID NOT RECEIVE IT.  DELINQUENT LOANS HURT ALL THE MEMBERS, PAY THEM ON TIME AVOID THE COLLECTION CALL.

Hale Boggs Federal Building
500 Poydras Street, Room 1226
New Orleans, LA 70130-3396
(504) 671-2287
FAX (504) 671-2290
Electronic mail   cgecu@coastguardecu.net
 

Hours of Operations

06:15am to 11:00am Monday thru Friday

 

1,139 Members strong

    James C. Pulse, President/CEO                 Garry M. Ortner, Vice-President Operations

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"NOT FOR PROFIT,

NOT FOR CHARITY

BUT FOR SERVICE"

Serving members

since 1950

 

LOANS

*** DO NOT FAX APPLICATIONS, ORIGINALS MUST BE MAILED ***

APPLICATIONS and PAYMENTS ARE "PRIVATE USE" FOR MAILING PURPOSES.

Loan Policy-General

Total Loans must not exceed $30,000.00.

FOLLOW DIRECTIONS CAREFULLY,  ALL APPLICATIONS MUST BE COMPLETED AS SPECIFIED TO AVOID DELAYS IN PROCESSING.

Share Secured Loan

  •  Rate - 5%APR
  •  Limited to amount in Shared Savings
  •  Repayment within reason.

 

Unsecured Signature Loan

  •  Rate - 12% APR
  •  Qualifications
    • Ability to repay debt
    • Fair credit history
    • Past borrowing history at the CU is Good.
  •  Can not exceed $5,000.00
  •  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

 

Vehicle Loan

New Car Loans

  •  48 month Rates
    • 5% APR with 20% down
    • 6% APR with 10% down
    • 8% APR with 100% financing
  •  60 months Rates
    • 8% APR with 20% down

Used Car Loans

  •  Rates
    • 6% APR for 24 months
    • 7% APR for 36 months
    • 8% APR for 42 months
    • 9% APR for 48 months

     

  •  Download Vehicle Forms

 

 

 

 

 

 

 

 

 

 

 

 

Co-Maker Form

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

 
 

What are you waiting for….. contact us about an unsecured signature loan or financing of your new or used vehicle today.

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Copyright © August 2006 Coast Guard Employees Credit Union
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Last updated: 05/08/08.