|
Home |
|
1451 S. Seaside Ave |
|
Loans Available |
|
| Automobiles - New | Automobiles - Used |
| Signature Loans | Share Secured Loans |
| Boats | Motor homes |
| Motorcycles | Travel Trailers |
| Recreational Vehicles | |
| SHARE SECURED | ||||||||||||||||||||||||||||||||||||||||||||||||||
| 2% over the rate paid on share account. Up to 120 months to repay. | ||||||||||||||||||||||||||||||||||||||||||||||||||
| AUTOMOBILE--NEW | ||||||||||||||||||||||||||||||||||||||||||||||||||
Nine tiered interest rate risk-based according to Experian FICO credit score
as follows:
Maximum financing is 5% over dealer cost (invoice) *Plus tax and license fees*. Financing available up to five years (60 months). 72 month repayment schedule available with minimum amount of $30,000 at 1.00% higher interest rate. Under one year service, 85% of factory invoice plus tax and license. REFINANCING of new autos financed through a dealer or other financial institution within the previous 45 day period will be treated as a new vehicle with the limitation that maximum amount would be original dealer invoice only. Also available for new vehicles are Mechanical Breakdown Insurance policies and Guaranteed Asset Protection Plans (MBI & GAP). You can check the what premiums would be on any vehicle and have the information sent to the credit union. |
||||||||||||||||||||||||||||||||||||||||||||||||||
| AUTOMOBILE--USED | ||||||||||||||||||||||||||||||||||||||||||||||||||
Nine tiered interest rate risk-based according to Experian FICO credit score
as follows:
Used
car financing available up to a maximum of 60 months.
We will
finance up to wholesale Kelley Blue Book value.
(Under one year service, 85% of wholesale Kelley Blue Book) *Plus
tax and license. Also available for used vehicles are Mechanical Breakdown Insurance policies and Guaranteed Asset Protection Plans (MBI & GAP). You can check the what premiums would be on any vehicle and have the information sent to the credit union. Length of financing is determined by amount financed:
|
||||||||||||||||||||||||||||||||||||||||||||||||||
| MOTORHOMES - NEW/USED | ||||||||||||||||||||||||||||||||||||||||||||||||||
NEW
maximum financing is 80% of purchase price excluding tax and license fees.
USED 80% of NADA Black Book 'low retail' value excluding tax and license
fees. One (1) year employment required. Length of financing
determined by amount financed, and the interest rate is based on the
Member's FICO score:
|
||||||||||||||||||||||||||||||||||||||||||||||||||
| MOTORCYCLES - NEW/USED | ||||||||||||||||||||||||||||||||||||||||||||||||||
1
year service required. New:
80% of cost (excluding tax and license.)
Used: Up to 'Loan Value' as indicated in Black Book
Motorcycle Value Guide (excluding tax and license). Length of financing
determined by amount financed and interest rate is based on Member's FICO
Score:
|
||||||||||||||||||||||||||||||||||||||||||||||||||
| TRAVEL TRAILERS | ||||||||||||||||||||||||||||||||||||||||||||||||||
NEW: Maximum
95% of purchase price excluding tax and license. USED: 95% of NADA Black Book 'low retail' value
One year service requirement. Length of financing is determined by
the amount financed and interest rate is based on Member's FICO Score:
|
||||||||||||||||||||||||||||||||||||||||||||||||||
| SIGNATURE LOANS | ||||||||||||||||||||||||||||||||||||||||||||||||||
|
Nine tiered interest rate risk based according to Experian FICO credit score as follows:
Under 1 year service with Bureau $2,000 maximum for 18 months. A person with over 1 year of service may qualify for a loan up to 2 times gross monthly salary for up to 48 months. |
||||||||||||||||||||||||||||||||||||||||||||||||||
| RECREATION VEHICLES (ATV, SEA-DOO, SNOWMOBILE, etc) | ||||||||||||||||||||||||||||||||||||||||||||||||||
This
type of RV will be financed only in States where the RV is titled.
If the State does not issue a title, the credit union cannot finance it.
Length of financing is determined by the amount financed. NEW - Maximum
80% of cost (excluding tax and license fees) or USED - 95% of NADA Black Book 'low retail' value. Interest rate is based off of Member's FICO Score:
|
||||||||||||||||||||||||||||||||||||||||||||||||||
| BOATS | ||||||||||||||||||||||||||||||||||||||||||||||||||
New - maximum 80% of
cost excluding tax and license. USED - 95% of NADA Black Book 'low retail' value. Repayment terms to be based upon
amount financed and interest rate is based off of Member's FICO Score::
**Boat loans limited to States that issue title for boat. |
||||||||||||||||||||||||||||||||||||||||||||||||||
| DEBT RATIO: A debt ratio will be applied to all loan applications received. The maximum debt ratio allowed is 45%. This is determined by dividing total monthly debt payments by gross monthly income. Verification of income will be necessary by means of a recent earnings statement or W-2 form or other satisfactory means. | ||||||||||||||||||||||||||||||||||||||||||||||||||
