© 2023 Heartland Area Federal Credit Union. All Rights Reserved.
Loans
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
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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
New 30 Year Mortgage
Buying a home and need a 30-year mortgage? We partner with
Pivot Lending.
Click on the logo below to apply now.
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
Your savings federally insured to at least $250,000 and backed by
the full faith and credit of the United States government. National
Credit Union Administration, a U.S. Government Agency