Spring Loan Discount
Receive a 0.25%APR* Discount on All New Signature, Vehicle, Home Equity, and Mini-Mortgage Loans Issued Before June 30th
*APR=Annual Percentage Rate. Borrower must receive at least 50% new money on Credit Union loan refinances except for Home Equity Loans which require at least $5,000 new money. Discount not available on Signature Line of Credit Advances, Share Secured Loans, Share Certificate Secured Loans, and Tax Time Loan Special. Borrower must be a member for three months to qualify for a Signature Loan. Subject to normal lending criteria: credit worthiness, lack of delinquency, ability to repay, and Credit Commitee or Loan Officer approval. Loan must be disbursed on/or before June 30, 2020. Home Equity and Mini-Mortgage Loans must have final Credit Commitee approval prior to June 30th and be disbursed no later than July 31st.
*Tax Time Loan Special*
- Available until June 30th
- Borrow $500-$2,500 at a rate as low as 5.99%APR*
- Delay the first payment up to 50 days
- Up to 12 months to repay
- Same day loan approval for qualifying applicants
*APR = Annual Percentage Rate. Other rates or limits may apply depending on lending criteria. Loan must be backed by a 10% share pledge. Borrower must be a credit union member for 3 months. Subject to normal lending criteria: credit worthiness, lack of delinquency, ability to repay, & Credit Committee or Loan Officer apprival. Only one "special" loan per account.
*Home Equity Loan Rates* (before Spring Loan Discount)
- APR-Annual Percentage Rate before the Spring Loan Discount
- A minimum of 20% equity in the property is required, 25% for rental property.
- Rental property: Add .75%
- Borrower is responsible for appraisal, search & filing fees
- Proof of Homeowner's Fire, Theft & Comprehensive Insurance with the Credit Union listed as "Loss Payee" is required
- Loan approval subject to all normal credit qualifications
- Loan interest may be tax-deductible
- No required share pledge
- Other rates may apply based on lending criteria
- Rates subject to change without notice