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General Loan Information
Basic Requirements:
* Must be an active primary member
* Must be 18 to apply
* Must have source of income
Types of Loans
Vehicles:
(Includes Cars, Trucks, Vans, SUV's & Motor Homes)
NEW
Can be
financed up to 72 months (Brand New ONLY and loan amount must be
in excess of $20,000)
Under $20,000 can be financed for 48-60
months
USED
Vehicles
6 years old or older can be financed for 36 months
Vehicles 6 years old and newer can be
financed for 48-60 months
Boats, ATV's
& Motorcycles:
6 years old and newer can be financed for
48-60 months
6 years old and older can be financed up to
36 months
Mobile
Homes:
New & used mobile homes 6 years old or
newer can be financed up to 180 months.
Used mobile homes 6 years old and older may
be financed up to 120 months based on the value of the mobile home.
Home Equity:
Contact a loan officer for more information
Share Secure
Loans:
Share & Certificate secured loans can be
financed up to 60 months.
Signature
Loans:
Signature loans can be financed up to 24
months based on the amount borrowed.
Fees
Loan application fee of $20.00 will be charged for all loan
applications. This fee will cover any costs for loan
processing. This includes (but is not limited to) credit
reports and lien fees.
Other
Full coverage insurance in REQUIRED on all
title secured loans over $2,500
A title to a vehicle used for collateral on
any loan must be provided to CFCU within 30 days of the date of the
loan. The title must be in the name/names of the loan
recipient.
**ALL loan terms and rates are subject to credit approval**
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