PRIMARY FINANCIAL PRODUCTS
SAVINGS: (Click on "RATES" for current
Regular Share (Savings) Account - $5.00 minimum balance required for membership. THAT WE PROVIDE!!!!
Investment Accounts - Like Money Market Accounts with a minimum balance of $2,500.00.
Sub-Share Accounts Special Purpose (i.e. Christmas, Vacation, Taxes, etc.) no minimum balance required.
IRA Savings Accounts Consult your attorney and tax person regarding eligibility and tax benefits.
Share Draft (Checking) Accounts: Non-dividend paying account.
NO monthly fee
NO minimum balance requirement
NO per-check charge
NO cash withdrawal fee
NO fee for autotransfer from savings to prevent returns due to insufficient balance (NSFs)
Term Share Accounts We offer 1, 2 and 3 year certificates with a minimum of $1,000.00 at competitive local market rates (check savings rates).
LOANS: (Click on "RATES" for current Rates)
Unsecured (Signature) Loans: Minimum $100.00 to Maximum $30,000.00 aggregate per member (see below). One of our most popular loans, your signature and good credit are all you need to set up a Signature Loan. Here are our major types and they all have variety of repayment plans available.
Closed-End Signature ($10,000.00 maximum)
Open-End Line of Credit ($10,000.00 maximum)
VISA Credit Card ($10,000.00 maximum)
Secured Loans: Maximum $100,000.00 per member
The credit union can place a lien on most vehicles (i.e. autos, trucks, vans, suv's, boats, motorcycles, RV's,
4-wheelers, etc.). Since we have collateral for the loan we can extend lower interest rates and longer terms.
New Vehicles (Up to 100% financing plus taxes & fees and up to 6 year terms)
Used Vehicles (Up to 100% financing of NADA plus taxes & fees and up to 5 year terms)
Misc. New/Used Vehicles (Boats, RVs, Motorcycles, 4-Wheelers, Jet Skies, etc.)
NOTE: Vehicle Pre-Approvals Loans are Available
Get pre-qualified for a car loan before you buy and pay "CASH". It takes the guess work and worry out of financing your car.
Shared Secured (Regular Savings or Certificates)
With a Share Loan you pledge the cash in your Savings (share) Account. Since the risk is low, the interest rate is very low.
Real Estate (Home Equity): Up to 100% of value and 120 months to repay. Check with credit union on other details.
You can use a Home Equity Loan to add on to your home, to consolidate bills, to buy a car, to pay for educational expenses, to pay for medical expenses and just about any other good purpose.
RATES: Select rates for specific loan rates. The credit union reserves the right to change rates without any further notice. Some rates are fixed and some vary. The Annual Percentage Rate (APR) you receive on unsecured and vehicle loans will be based on your credit worthiness. Please ask us for the rate that you qualify for.
PAYMENTS: If you make extra or large payments, you are still required to make the minimum payment each month if you have a balance.
FILING FEE: You will be charged a filing fee at the time of advance when the credit union takes a security interest in your collateral. The amount of the filing fee will be based upon the amount of fee required by state law for the credit union to obtain a lien on your property. The amount of the fee will be disclosed on the voucher.
LATE FEE: Payments 15 days past due will be charged $5.00 per month or 5% of the payment whichever is greater.
COLLECTION COSTS: You promise to pay all cost of collecting the amount you owe under this agreement including court costs and reasonable attorney fees.
APPLICATION FEE: There is a $10.00 loan fee charged at the time of application.
AUTO LOANS: As a condition of receiving an automobile advance under the Plan, you must obtain single-interest automobile coverage. You may obtain the single-interest auto insurance from anyone you want that is acceptable to the credit union. If you purchase this insurance from the credit union, there is a one-time charge of $24.34. This rate is subject to change. All subrogation rights are waived by the insurer. Lender's single-interest insurance protects only the credit union. It is not liability or property insurance that protects you or your interest in the vehicle. You must separately purchase liability/property insurance for your protection from an insurer of your choice.
INSURANCE: We offer GAP insurance on car advances. This insurance coverage is voluntary and is not required to obtain the advance. It covers the "GAP" between the cash value insurance settlement and your loan payoff (could be as much as $3,000.00) if the vehicle is totaled or stolen. Also, it gives you $1,000.00 to purchase another vehicle. If you purchase the coverage from the credit union the cost will be $228.00