New & Used Vehicle Loans The credit union makes loans on new and used vehicles. Newer vehicle loans can be extended to 6 years if over $15,000. Financing on vehicles is determined by using the N.A.D.A. valuations. You can make shopping and financing easier by getting pre-approved prior to your visit to the car dealers. The credit union offers GAP Insurance which pays the difference between the loan amount and the value of your car in case of an accident in which the insurance company totals your vehicle. You will find the cost of the GAP you purchase at the credit union is far less than what you would get at a dealership. Warranties are also available at the credit union. You will find that the coverage of the warranties are comparable to what you would get elsewhere at a much more reasonable cost. Closed End Personal Loan Personal Loan limits vary based on gross monthly income and credit score. Call and talk with the loan department to discuss your limit. Benefits: • Consolidation can be done on this loan to combine debts into one payment • Extended term allows the member flexibility of payment • Insurance protection provides peace of mind that the debt is covered Share Secured Loan • Up to 48 months, the loan rate will be 2% over current share dividend rate. • Up to 60 months with loan minimum of $25,000, the loan rate will be 2.25% over current share dividend rate. • Up to 72 months with loan minimum of $50,000, the loan rate will be 2.50% over current share dividend rate. • Up to 84 months with loan minimum of $75,000, the loan rate will be 2.75% over current share dividend rate. • Maximum of 84 months with loan minimum of $100,000, the loan rate will be 3.00% over current share dividend rate. • Maximum is amount in share account Benefits: • Members can earn interest on their money while they are paying on the loan Share Certificate Loan • Rate is 2% over the Certificate of Deposit rate • Members can borrow 90% of face value of the certificate • Maximum term is maturity of certificate Benefits: • Allows members to borrow against their certificates without penalty • The term is set by the certificate so the member has control of payments Low Cost First Mortgage • Minimum Loan Amount of $5,000 • Must have at least 50% equity based on the County Assessed Value • Maximum fixed rate term of 15 years • Interest may be tax deductible • Lower fees than traditional mortgage Real Estate First Mortgage • Minimum Loan Amount of $5,000 • Not to exceed 80% of the appraised value • Maximum fixed rate term of 15 years • Refinance or purchase loans available on owner occupied properties only • No prepayment penalties • Escrow account at credit union required • No loan on land only • No construction or building loans • No loans on dwelling residing on leased property Benefits: • Interest may be tax deductible • With escrow account set up the member does not need to worry about paying insurance or taxes Real Estate Second Mortgage • Minimum Loan Amount of $5,000 • Maximum Loan Amount of $50,000 • Maximum fixed rate term of 10 years • Maximum loan not to exceed 85% of assessed value less any outstanding liens or 80% of appraised value less any outstanding liens Benefits: • Interest may be tax deductible • An easy way to consolidate your bills and possibly lower your interest rate VISA Credit Card All the Glitter can be yours with a VISA Credit Card! What makes our credit card different? Three words: low interest rates. Follow that up with low fees and you've got yourself a card that really works for you. Introductory Rate of 2.99% APR on purchases, cash advances, or balance transfers for the first six months from the date the credit card is approved. VISA is accepted in millions of places whether you're going across town or around the world. Stop in or call your friends at the credit union today to see how to apply for this credit card. Verified by VISA A program designed to protect the online shopper and reduce cardholder identity theft by allowing the cardholder to add a personal password to their existing card. When making a purchase with a participating online merchant, the cardholder will validate their identity by entering a password. When buying items online, log onto Verified by VISA for secure purchasing power. Registering is easy and you'll be ready in minutes to shop online with confidence. There is no charge to cardholders for Verified by VISA. If you suspect you are the victim of theft identity, call the Federal Trade Commission's Identity Theft Hotline toll free at 1-877-438-4338 or for additional information, refer to www.consumer.gov. Credit Card Lost or Stolen? Call 1-800-808-7230