Products and Services

Share accounts: (savings): Dividends are paid quarterly. The rate is determined by earnings for that period.  Earnings are based on loan volume as well as economic conditions.

Share certificates: Certificates are available for a term of 6 or 12 months.  A minimum deposit of $1,000 is required.  A penalty is assessed for early withdrawal.            .

Holiday clubs:  Dividends are the same as regular share accounts.  Funds are transferred to your primary share account on October1.  You can not withdraw from this account unless you close it.

Vacation clubs:  The terms are the same as holiday clubs, except that the funds are  transferred to your account on July 1.

Unsecured loans:
Signature loan:  This is an unsecured loan depending upon qualifications that can be a max of $5000 or $7,500.   The maximum term on a $5,000 or less product is 24 months. The maximum term on a $5,001 up to $7,500 product is 36 months. Certain restrictions apply.
Superior loan: This is an unsecured loan up to $15,000.  The maximum term is 48 months. Certain restrictions apply.

Secured loans:
New auto & motorcycle loans: We will finance 100% of the purchase price.  The maximum term for brand new vehicles over $20,000 is 72 months.  The maximum term for all others is 66 months. 
  
Used auto & motorcycle loans:  We will finance 100% of the retail value in the NADA book.  Vehicles with a value under $10,000 have a maximum term of 36 months. Vehicles with a value of $10,001 – $12,000 have a maximum term of 48 months and vehicles with a value over $12,000- $19,999 have a maximum term of 60 months.  Used vehicles with a value of $20,000 or more have a maximum term of 66 months.

Recreational loans: We will finance up to the purchase price on brand new vehicles.  For used we will finance 100% of the value in the NADA book.  Brand new have their term based on the same rules as automobiles.

Home equity loans:  You may borrow up to $65,000 with a maximum term of 180 months.  You must have 80% loan to value.  Value is based upon real estate tax value.  There is no flood determination fee.  The credit union will pay the attorney fee on loans over $20,000.  The member is responsible for taxes and recording fees.  We will finance only primary residences.

Share secured loans:  This loan is secured by the shares in your account.  The full amount of the loan balance must remain in your share account for the duration of the loan.  The maximum term is 36 months.

Overdraft line of credit:  This is an open end loan attached to your share draft (checking account).  A line of credit is available up to $500.