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Loans
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A personal loan can help you consolidate your bills. Personal
loans are great for other purposes such as purchasing household
goods, vacations and other personal needs.
Rates and terms depend on the purpose of the loan and qualifications
of the members.
Lines of credit are also available. See below.
Personal Loans
| Features |
Benefits |
| 1. New household goods
may be financed for up to 36 months for 80% of their
value. |
1. You can purchase household
goods at competitive rates and terms versus other
financing sources. |
| 2. Short term loans (up
to 36 months) for other purposes are available. Terms
and rates depend on member needs and qualifications. |
2. Terms and rates can
be tailored to meet your needs. |
| 3. Unsecured loans up to
three month's salary are available. |
3. Members with good credit
histories can have the flexibility of unsecured financing. |
| 4. Payments by mail, by
phone, automatic transfer, Audio Amigo, or in person. |
4. Convenience and flexibility
of payment method. |
| 5. Simple interest rate
calculation. |
5. You save money should
you prepay the loans. |
Line of Credit
| Features |
Benefits |
| 1. A pre-approved line
of credit usually tied to and accessed by your checking
account. |
1. You have ready reserves
for unexpected needs. |
| 2. Provides automatic overdraft
protection on your checking account. |
2. Avoid embarrassment
of checks returned for insufficient funds when you
sign appropriate authorization cards. |
| 3. You can use credit line
to write yourself a quick loan. |
3. Enables you to take
advantage of special sales, vacations, etc. Saves
you time and possibly money. |
| 4. Pay interest only on
funds used. |
4. If the line is not used
there is no interest expense. |
| 5. Lines may be accessed
by check, by Audio Amigo, by mail or by phone. |
5. Offers you the flexibility
to select the most convenient access to your funds. |
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