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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 six 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, motorcycles, ATVs, 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 Improvement 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.
  • The Credit Union will not be responsible for the payment of the discharge fees when the loan is paid in full on all Home Improvement Loans granted on November 1, 2002 or later.

Features:

  • Account may be single or joint.
  • Loan minimum: $2,500.
  • Loan maximum: $10,000.
  • May be a first, second or third mortgage on the owner's primary residence.
  • Disbursement seventh day after application. (Proceeds must be for home improvements).
  • Repayment terms of up to five years.
  • Fixed interest rate.

Benefits:

*Consult a tax professional for deductibility.

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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: $10,000.
  • 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 48 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 Credit Union Center Mortgage Corporation.
  • 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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Signature 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.
  • 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.
  • Variable interest rate.
  • 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.
  • The member may elect to have advances done from a share savings account prior to borrowing from the overdraft line of credit.

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.
  • Applicants do not have to meet normal loan underwriting guidelines & procedures.

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: $2,500.
  • 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:

  • 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.
  • Costs (per $100 of your monthly loan balance): 6.7 cents for single coverage or 10.7 cents for joint coverage.
  • 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.
  • Insurance is provided through a reputable company - CUNA Mutual Insurance Society.

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Credit Life Insurance Protection - Consumer Loans

Eligibility:

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

Features:

  • 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.
  • Paid for by Auburn Community FCU

Benefits:

  • It's FREE!
  • 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.
  • Insurance is provided through a reputable company - CUNA Mutal Insurance Soceity.

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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:

  • 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.
  • Credit Disability Protection Insurance pays up to a maximum monthly payment of $600.
  • Costs (per $100 of your monthly loan balance): 22.3 cents for single coverage on the primary loan borrower.
  • 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.
  • Insurance is provided through a reputable company - CUNA Mutual Insurance Society.

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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:

  • 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.
  • Credit Disability Protection Insurance pays up to a maximum monthly payment of $600.
  • Costs (per $100 of your monthly loan balance): 22.3 cents for single coverage on the primary borrower.
  • 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.
  • Insurance is provided through a reputable company - CUNA Mutual Insurance Society.

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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.

File 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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