Coast Guard Employees Credit Union

THE ANNUAL MEMBERSHIP MEETING IS SCHEDULED FOR 9 APRIL 2010 AT THE LA MAISON CREOLE.  APRIL IS NATIONAL CREDIT UNION YOUTH WEEK.  NOW IS THE TIME TO SIGN UP THE CHILDREN AND/OR GRANDCHILDREN WITH AN ACCOUNT AT YOUR CREDIT UNION.  MEMBERSHIP APPLICATIONS ARE NOW AVAILABLE ONLINE.

Hale Boggs Federal Building
500 Poydras Street, Room 1226
New Orleans, LA 70130-3396
(800) 772-6163
(504) 671-2287 or -2289
FAX (504) 671-2290
 
Electronic mail   cgecu@coastguardecu.net
 

OPERATING HOURS

06:30am to 12:00 noon (CST) Monday thru Friday

 

1,061 Members strong


   James C. Pulse, President/CEO                   Michael J. Lacassin, Vice-President Operations


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"NOT FOR PROFIT,

NOT FOR CHARITY

BUT FOR SERVICE"

Serving members

since

13 October 1950

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.

 

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

 

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.

     

  •  Download Vehicle Forms

 

 

 

 

 

 

 

 

 

 

 

 

*APR - Annual Percentage Rate

WHAT ARE THE COMMON MISTAKES THAT CAN DELAY MY LOAN PROCESS?

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.  All rights reserved.
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Last revised: 02/23/10.