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Loans

 

HOW DO I APPLY FOR A LOAN?

Apply Online - OR - Download Printable Application

You can apply for a loan online OR print out a paper application, fill out as much as you can, and bring it to our office.  There will be a $25 application fee to apply regardless of approval except for real estate and credit card applications.  Credit worthiness is required of any loan made at this credit union.  Rates are subject to change without notice.

 

COLLATERAL LOANS

We make your car buying experience a breeze! Finance your new or used car, truck or van at your Credit Union. We offer flexible financing terms and competitive rates. You can also finance your new or used boat, RV, tractor, trailer, motorcycle, and off-road vehicle.

  • New Collateral: Rates starting as low as 2.75% APR with approved credit! (Program vehicle rates are the same as new vehicles.)
  • Used Collateral: Rates starting as low as 2.75% APR with approved credit and collateral!

 

COMPUTER LOANS

Financing for up to $2,500.00 on computer loans for up to 30 months (maximum).

  • Maximum Term: 30 months
  • Maximum Amount Financed: 100% of sales price (up to $2,500.00)
  • Interest Rate: 10.00% APR with 20% down payment or 12.00% APR with NO down payment

 

PERSONAL LOANS

Has an unexpected event put a dam in your cash flow?  Give us a call to see if you qualify for a signature loan!

 

CREDIT CARD

Discover the convenience and worldwide acceptance of our credit cards. With our low rates and low or no annual fees, a credit card from your credit union is an ideal way to pay for purchases and travel expenses.

 

SIGNATURE LOANS

It pays to be a member!

  • Interest Rate: 8.50% APR (minimum) to 16.00% APR (maximum)

 

SHARE SECURED OR CD SECURED

You can keep the money you have saved in your Share Account or CD for a rainy day, and save yourself a lot of interest with a Share Secured or CD Secured loan.

  • Interest Rate: 4.010% APR for regular or auxiliary accounts

 

OVERDRAFT PROTECTION

You may automatically transfer the necessary funds from your overdraft protection loan to cover your overdrafts.

  • Maximum Term: N/A
  • Maximum Amount Financed: $500.00
  • Interest Rate: 17% APR
  • Minimum Payment: $50.00 per month

 

NEW APPLIANCES

Get financing for your new appliances.

  • Maximum Term: 12 months
  • Maximum Amount Financed: 90% of sales price (up to $1,000)
  • Interest Rate: 12% APR

 

REAL ESTATE LOANS

Your largest single life investment is the purchase of a home. Whatever home you decide to buy, your credit union can help you with a mortgage loan. Our rates are great and our mortgage professionals are even better at matching your needs, from pre-qualification to closing.  Contact our Loan Department for more details and the current index.

 

Variable Rate Loans

  • Maximum Term: 20 years
  • Maximum Amount Financed: 80% of appraised value
  • Interest Rate: Index based on the Federal Housing Finance Board adjustable mortgage rate announced monthly and changes to existing loans will be made annually, on June 1st.  Maximum change in interest rate will be +/- 4% points over the life of the original loan. Maximum annual change of interest rate will be +/- 2%.
  • Fees: Organizational fee of $100.00 plus normal closing costs to be paid by borrower.

 

Fixed Rate Loans for Land Only

  • Maximum Term: 12 years
  • Maximum Amount Financed: 80% of appraised value
  • Interest Rate: 9.75% APR
  • Fees: Organizational fee of $100.00 plus normal closing costs to be paid by borrower.

 

© 2017 District 08 FCU