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Credit Repots

Credit reports are available for a fee of $15.00.

Assistance in reading the report and

UNDERSTANDING YOUR CREDIT IS ALWAYS OFFERED.

SHARE ACCOUNTS:

   *  $15.00 Balance needed in membership share accounts.

   * Members can own more than one share account.

   * Can be deposited by:

         o Payroll Deduction

         o ACH

         o Manually

CHRISTMAS CLUB ACCOUNTS:

   *  Ran from October to October of following year.

   * No Withdrawals can be made.

   * Additional Deposits may be made.

CERTIFICATES OF DEPOSITS:

   *  Minimum of $500.00 needed to open any CD.

   * Terms offered are 1 year or 6 months.

   * See posted Rate sheet for current rates.

LOANS:

  There are many different types of loans. Stop in or call to find out about which loan is good for you.

 Loan Guidelines

1.    Loan applicants must be a Credit Union member for 6 months and be at least eighteen (18) years of age.  Minors must have Parent’s/Guardian’s signature or as a Co-signer..

2.    Minimum loan amount is Five Hundred Dollars ($500.00).

3.    No loan is to be given for more than seven (7) years.

4.  The Credit Committee reserves the right to adjust the time span and size of a loan, based on monthly payments, with reference to income and other monthly expenses.

5.    Refinancing is to be based on previous loan experience, credit ratio, work record and purpose of loan.

6.    A second loan can be approved on an individual basis using above criteria.

7.    A fee of $15.00 will be charged on all loans per credit check.

THE CREDIT COMMITTEE MAY ASK FOR A CO-SIGNER OR A SECURITY DEPOSIT, TO BE HELD UNTIL THE LOAN IS PAID, ON ANY SIZE LOAN.