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Home |
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1451 S. Seaside Ave |
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Loans Available |
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| 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. |
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| 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:
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| MOTORHOMES - NEW/USED | ||||||||||||||||||||||||||||||||||||||||||||||||||
NEW
maximum financing is 95% of purchase price excluding tax and license fees.
USED 95% of wholesale Kelley Blue Book excluding tax and license
fees. Length of financing
determined by amount financed, and the interest rate is based on the
Member's FICO score:
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| 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:
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| TRAVEL TRAILERS | ||||||||||||||||||||||||||||||||||||||||||||||||||
Maximum
95% of purchase price excluding tax and license.
One year service requirement. Length of financing is determined by
the amount financed and interest rate is based on Member's FICO Score:
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| SIGNATURE LOANS | ||||||||||||||||||||||||||||||||||||||||||||||||||
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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. |
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| 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. Maximum
80% of cost (excluding tax
and license fees) and interest rate is based off of Member's FICO Score:
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| BOATS | ||||||||||||||||||||||||||||||||||||||||||||||||||
New and Used maximum 80% of
cost excluding tax and license. 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. |
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| 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. | ||||||||||||||||||||||||||||||||||||||||||||||||||
