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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 - Home Equity Loans/Lines

Eligibility:

  • Must be a member in good standing & under the age of 70.

Features:

  • Single or joint coverage
  • No physical exam is required; coverage is automatically in effect when you get your loan.
  • Loan Protection Insurance covers the insurable balance of credit union equity loans and lines up to $55,000 for death before age 70.
  • Monthly premium is added to your loan balance at the end of every month.

Benefits:

  • Low premiums save you money.
  • Finance charges are saved by not having to add the cost of insurance to your loan up front.
  • Relieves the burden of financial responsibility to surviving family members.
  • Provides coverage at home, at work, and at play.
  • Credit Life Insurance Protection can provide you with peace of mind.

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Credit Life Insurance Protection - Consumer Loans

Eligibility:

  • Must be a member in good standing & under the age of 70.

Features:

  • Single or Joint coverage.
  • No physical exam is required; coverage is automatically in effect when you get your loan.
  • Loan Protection Insurance covers the insurable balance of credit union consumer loans up to a total of $30,000 for death before age 70.
  • Monthly premium is added to your loan balance at the end of every month.

Benefits:

  • Relieves the burden of financial responsibility to surviving family members.
  • Provides coverage at home, at work and at play.
  • Credit Life Insurance Protection can provide you with peace of mind.

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Credit Disability Insurance Protection - Home Equity Loans/Lines

Eligibility:

  • Must be a member in good standing & under the age of 66.
  • Member must be working for wages or profit 25 hours per week or more on the date of any advance for eiligbility.

Features:

  • Single or Joint coverage.
  • No physical exam is required; coverage is automatically in effect when you get your loan. (Does not cover pre-existing conditions.)
  • Credit Disability Protection Insurance covers the insurable balance of credit union equity loans and lines up to a total of $30,000 in benefits paid or to the age of 66.
  • Monthly premium is added to your loan balance at the end of every month.

Benefits:

  • Low premiums save you money.
  • Finance charges are saved by not having to add the cost of insurance to your loan up front.
  • Reduces the financial burden to you and your family.
  • Provides coverage at home, at work, and at play.
  • Helps protect your income, your collateral, and your credit rating.
  • Credit Disability Protection Insurance can provide you with peace of mind.

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Credit Disability Insurance Protection - Consumer Loans

Eligibility Requirements:

  • Must be a member in good standing & under the age of 66.
  • Member must be working for wages or profit 25 hours per week or more on the date of any advance for eligibility.

Features:

  • Single or Joint coverage.
  • No physical exam is required; coverage is automatically in effect when you get your loan. (Does not cover pre-existing conditions.)
  • Credit Disability Protection Insurance covers the insurable balance of credit union consumer loans and lines of credit up to a total of $30,000 in benefits paid or to the age of 66.
  • Monthly premium is added to your loan balance at the end of every month.

Benefits:

  • Low premiums save you money.
  • Finance charges are saved by not having to add the cost of insurance to your loan up front.
  • Reduces the financial burden to you and your family.
  • Provides coverage at home, at work, and at play.
  • Helps protect your income, your collateral, and your credit rating.
  • Credit Disability Insurance Protection can provide you with peace of mind.

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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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