All Credit Union loans are granted based upon the member's credit history and ability to repay and are designed to meet most needs of its members at rates much lower than other lending institutions. The amount of a loan and the collateral offered determine the loan repayment term and the annual percentage rate. Titles will be held by the Credit Union until the loan has been repaid. The Credit Union requires the vehicle held as collateral to be fully covered by insurance. There is no prepayment penalty.
All members receive a quarterly printed statement showing their share and loan balances.