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NMLS# 798535

   
New Vehicle Loan

Eligibility Requirements:

  • Must be a member in good standing and meet lending guidelines.

Features:

  • Account may be single or joint.
  • Loan maximum: 100% of vehicle purchase price plus sales tax and/or extended warranty.
  • Repayment terms up to seven years.
  • Fixed interest rate.

Benefits:

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Used Vehicle Loan

Eligibility Requirements:

  • Must be a member in good standing and meet lending guidelines.

Features:

  • Account may be single or joint.
  • Loan maximum: 100% of vehicle purchase price plus sales tax and/or extended warranty.
  • Fixed repayment terms and rates

Benefits:

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Recreational Vehicle Loan

Eligibility Requirements:

  • Must be a member in good standing and meet lending guidelines.
  • Eligible vehicles: boats, campers, RVs, snowmobiles, jetskis, dirt bikes, etc.

Features:

  • Account may be single or joint.
  • Loan maximum: 100% of the purchase price plus sales tax and/or extended warranty.
  • Fixed interest rates.

Benefits:

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Home Equity Loan

Eligibility Requirements:

  • Must be a member in good standing and meet lending guidelines.
  • Residence must be owner-occupied, primary residence.
  • Residence cannot be rental/vacation property, or a mobil home.

Features:

  • Account may be single or joint.
  • Loan minimum: $5,000.
  • May be a first or second mortgage on the owner's primary residence.
  • Loan to value up to 80% on the residence.
  • Repayment terms of up to fifteen years.
  • Fixed interest rate.

Benefits:

*Consult a tax professional for deductibility.

**Closing costs are subject to recapture if loan is closed within 36 months of origination.

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Home Equity Line of Credit

Eligibility Requirements:

  • Must be a member in good standing and meet lending guidelines.
  • Residence must be owner-occupied, primary residence.
  • Residence cannot be rental/vacation property, or a mobil home.

Features:

  • Account may be single or joint.
  • Loan minimum: $15,000.
  • First advance must be a minimum of $15,000.
  • Subsequent minimum loan advance: $500. Advances may be made by phone or in person.
  • May be a first or second mortgage on the owner's primary residence.
  • Loan to value up to 80% on the residence.
  • Repayment term of 15 years - first five years as a revolving line of credit.

Benefits:

*Consult a tax professional for deductibility.

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First Mortgages

Eligibility Requirements:

  • Must be a member in good standing and meet lending guidelines.

Features:

  • Account may be single or joint.
  • Variety of mortgage programs available through Owners Choice Funding.
  • New Purchase Money Mortgages AND Refinance Mortgage programs.
  • Repayment terms up to 30 years with fixed or variable rate options.
  • Payments may be made through payroll deduction, automatically from a deposit account or by mail.
  • Financing available on 1 to 4 family unit primary residencies.

Benefits:

  • Friendly, knowledgeable mortgage servicing staff.
  • Interest may be tax deductible.*
  • Low annual percentage rates save you money.

 

*Consult a tax professional for deductibility.

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Personal Loan

Eligibility Requirements:

  • Must be a member in good standing and meet lending guidelines.

Features

  • Account may be single or joint.
  • Loan maximum:$10,000 or up to 20% Annual Gross Income.
  • No collateral required.
  • Fixed interest rate.
  • Repayment terms of up to 60 months.
  • One time advance of loan proceed funds up front and at closing.

Benefits

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Overdraft Line of Credit

Eligiblity Requirements

  • Must be a member in good standing and meet lending guidelines.
  • Must have a share draft account in good standing.

Features

  • Account may be single or joint.
  • Share Secured Line amounts are available up to $500.
  • Line maximum: $500.
  • Fixed payment amount of $25.00 per month.
  • Automatic monthly payments made on the 20th of each month from your Share Draft Checking Account.
  • Advances are automatically made to cover an item presented for payment on insufficient funds. $5.00 charge for each covered item.

Benefits

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Share Secured Loan

Eligibility Requirements:

  • Must be a member in good standing.
  • Must have sufficient available shares on deposit to cover loan amount.

Features:

  • Account may be single or joint.
  • Loan maximum: Available share balance.

Benefits:

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Christmas / Tax / Vacation Loan

Eligibility Requirements

  • Must be a member in good standing and meet lending guidelines.

Features

  • Account may be single or joint.
  • Loan maximum: Varies. Call for details.
  • No collateral required.
  • Fixed interest rate.
  • Repayment terms up to 12 months.
  • One time advance of loan proceed funds up front at loan closing.

Benefits

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Credit Life Insurance Protection –
Consumer and Home Equity Loans/Lines

Credit life insurance is designed to help reduce or pay off your eligible loan balance, up to the policy maximum, should an unexpected life event occur.

Features:

  • Coverage is available up to age 70.
  • Single or joint coverage available
  • Coverage starts on the enrollment date

Benefits:

  • Helps protect you from the unexpected
  • Could help ease the financial burden of your loan obligation for the people you care about
  • Premium can be included in your loan payment

Your purchase of MEMBER’S CHOICE® Credit Life and Credit Disability Insurance, underwritten by CMFG Life Insurance Company is optional and will not affect your application for credit or the terms of any credit agreement required to obtain a loan. Certain eligibility requirements, conditions, and exclusions may apply. Please contact your loan representative, or refer to the Group Policy for a full explanation of the terms. CDCL-1540511.1-0716-0818

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Credit Disability Insurance Protection –
Consumer and Home Equity Loans/Lines

Credit disability insurance may help you make your loan payment, up to the policy maximum, if you become totally disabled due to a covered injury or illness.

Features:

  • Coverage is available up to age 66
  • Single or joint coverage available
  • Coverage starts on the enrollment date

Benefits:

  • Helps protect you from the unexpected
  • Could help ease the financial burden of your loan obligation
  • Premium can be included in your loan payment

Your purchase of MEMBER’S CHOICE® Credit Life and Credit Disability Insurance, underwritten by CMFG Life Insurance Company is optional and will not affect your application for credit or the terms of any credit agreement required to obtain a loan. Certain eligibility requirements, conditions, and exclusions may apply. Please contact your loan representative, or refer to the Group Policy for a full explanation of the terms. CDCL-1540511.1-0716-0818

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Loan Payment Options

Payroll Deduction:

  • Have your payments directly made to Auburn Community FCU from your paycheck. This service varies by employer, so ask your employer if they offer this service.
  • This option allows your payments to always be made on time - protecting your credit rating and avoiding late charges.

Automatic Deduction:

  • Members may opt to have their payments directly made from the share savings deposit account.
  • It is the member's responsibility to ensure that funds are available in the share account on the payment due date.
  • Auburn Community FCU takes care of transferring the loan payment.
  • No hassle, no hurrying to the credit union to make sure your loan payment is made on time.

Automatic Transfer:

  • Members may opt to have their payments made automatically from a share account under a different member number for a loan payment or from their checking account to a loan payment.
  • The member is responsible to ensure that the funds are available in the share account for withdrawal.
  • Auburn Community FCU will take care of transferring the money over to make the loan payment.
  • No hassle, no hurrying to the credit union to make sure your loan payment is made on time.

Coupon Book:

  • Auburn Community FCU will provide a coupon book to members wishing to make their loan payments by cash, in person, through the night deposit, or by mail.
  • It is the member's responsibility to ensure that the coupons are filled out correctly and given to the credit union with their payment.
  • Make sure that you allow time for delivery if you are mailing your payments.

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