Loan Rates

Loans of many types are available to members at competitive rates. Applications can be made in person, by mail, or by email. Loans are made possible through the savings of members.

Additional Info

*APR = Annual Percentage Rate
¹Additional conditions apply. Value on New is established as the MSRP.
Value on Used is established as the NADA Retail Value.
All vehicles used for collateral must be driven to the Credit Union for inspection.

Not all borrowers will qualify for the lowest rate.
All paperwork must be completed before the Credit Committee will review any application. Paper work includes:

Application – completed by all persons
Credit Report – not more than six (6) months old, for which a $10.00 fee must be paid before it is run
Income Verification – from all borrowers and co-signers (a copy of paycheck stubs or a copy of income taxes for the previous two (2) years

Your annual percentage rate (APR*) will be based on your individual credit rating score that is obtained from a credit reporting agency. Your interest rate, term and payment will be determined when we process your loan application.

All Loans are subject to a rate increase of 0.15% if borrower does not utilizing payroll deduction or automatic payments set up through the credit union.

Auto Loans

We offer financing for new and used autos.

• Terms range from 24 months - 84 months

• Competitive rates

• Boat Loans

• Camper Loans

• Trailer Loans

• Implement Loans

• Personal Watercraft Loans

Share Secured Loans

• Certificate Secured

• Share Secured

Unsecured Loans

• $2,500.00 Maximum

• 24-month maximum term

Policies

Funds Availability Policy

Your Ability to Withdraw Funds

Our policy is to delay the availability of funds from your check deposits. During the delay, you may not withdraw funds in cash and we will not use the funds to paychecks that you have written.

Determining the Availability of a Deposit

The length of the delay is counted in business days from the day of your deposit. Business days are defined as Monday through Friday except for federal holidays. If you make a deposit on a business day, we will consider that day to be

the day of your deposit. However, if you make a deposit after 5:00 p.m. or on a day that is not considered a business day, we will consider that the deposit was made on the next business day. The length of the delay varies according to the definitions of deposits explained below.

Same-Day Availability

Funds from electronic direct deposits and cash deposits in person to our employees to your account will be available on the day we receive the deposit. Same day availability also extends to the following types of checks:

• U.S. Treasury checks that are payable to you

• Checks drawn on this credit union name

• State and local government checks that are payable to you

• Cashier’s, certified, and teller checks that are payable to you

• Federal Reserve Bank checks, Federal Home Loan Bank checks, and postal money orders, if made payable to you

Next-Day Availability

Funds in excess of $200.00 from the following deposits are available on the first business day after the day of your deposit if made in person to one of our employees:

• Wire Transfers (pending verification)

• All other check types

The first $200.00 from a deposit of local checks will be available on the first business day after the day of your deposit. The remaining funds will be available on the business day after the day of your deposit. I.E. if you deposit a local check for $700.00 on Monday, $200.00 will be available on Monday and the remaining $500.00 will be available on Tuesday.

Longer Delays May Apply

Funds you deposit by check may be delayed for a longer period under the following circumstances:

• We believe the check you deposit will not be paid

• You deposit checks totaling more than $5,000.00 on any one day

• You redeposit a check that has been returned unpaid

• You have overdrawn your account repeatedly in the last six months

• There is an emergency, such as failure of computer or communications equipment

We will notify you if we delay your ability to withdraw funds for any of these reasons, and we will tell you when the funds will be available. They will generally be available no later than the tenth (10) business day after the day of your deposit.

Special Rules for New Accounts

The following special rules apply to new members in the first 30 days their account is open.

• All checks cashed must be payable to you

• Any excess of deposits over $5000.00 will be available the tenth (10) business day after your deposit

• If this deposit (other than U.S. Treasury checks) is not made in person to one of our employees it will be made available to you on the second (2) business day after the day of the deposit

• Funds from all other check deposits will be available the tenth (10) business day

Non-Member Checks

It is our policy to refuse the cashing of third-party checks in this institution. It is the belief of the board of directors to better protect our membership that we not engage in this practice.

Check Cashing Policy

Effective February 15, 2004

Members who do not maintain a minimum balance of $50.00 in their share (savings) accounts.

Or

Members who do not have a draft (checking) account.

Or

Members who do not have a loan. Will be assessed a fee for cashing checks using their account.

The fee will be $1.00 for every $100.00.