This type of loan is similar to an auto loan and can make interest tax deductible by adding a courtesy mortgage to your home. May be used for any type of auto loan, including refinances. No appraisal or title insurance is necessary, just a minimal mortgage recording fee. Consult a tax advisor. FAQs Return to top Membership qualifications apply.
All loans are subject to credit approval.
The University of Illinois Employees Credit Union is federally insured by the National Credit Union Administration. Copyright 2001 - University of Illinois Employees Credit Union. All Rights Reserved. Contact our Webmaster .