Signature/Personal Loan
This is an unsecured personal loan established for a predetermined period of time with specific loan payments.
- The rate is fixed
- Creditworthiness and the ability to repay determine the rate
Share Secured Loan
Allows members to obtain a loan at an attractive rate using the funds in their savings accounts as collateral.
Credit Builder Loan
With a Credit Builder loan, the amount you borrow is deposited into a Family Credit Union certificate of deposit account. You make regular payments on the loan, establishing a positive payment history and we report this to the credit bureau. As a result of your regular payments and the completion of your loan, your credit score improves and you will have a CD at the end of the term.
Share Certificate (CD) Secured Loan
Allows members to use the money in their share certificate as security.
- The Annual Percentage Rate is 2.00% above the current Share Certificate dividend rate
- The rate is fixed for the term of the loan
- Terms cannot exceed the certificate’s maturity date.
EZ@cces24 Loan Advance
A lower limit line of credit that you can access 24/7 using home or mobile banking.
- Self-transfer money into your account of choice
- Funds are available immediately for use
- You only need to sign for this loan one time at any office
Overdraft Protection
If you overdraft your account, this product kicks in. Instead of getting charged a fee for bouncing a check, overdraft protection will provide you with an instant loan. If the ‘loan’ is paid off quickly it is usually much less expensive than the bounced check fee.
- Repayment amounts depend on the amount being transferred
- Payments will deduct automatically from your checking account
