Loans are made for almost any purpose at low, simple interest rates established by the CSCU board of directors. Interest on consumer loans is calculated on the daily unpaid balance. Repayment of installment loans can be made easily through automatic transfers between CSCU accounts, by debiting another financial institution or online. Payments may also be mailed or presented to any of our member service representatives. Early repayment, in whole or in part, may be made without penalty.
Loans without collateral are regarded as signature loans, and the amount available is based on income, credit history and the ability to repay. Loans in excess of the signature loan limits require collateral and are limited by the type of collateral and the amount of monthly payment that you are able to afford.
Loans we offer at CSCU are:
- New and used cars/trucks/vans/boats
- New and used recreational vehicles
- New and used motorcycles
- New and used camping trailers
- New and used tractors
- Signature loans
- Mortgage loans
- Home equity line of credit (HELOC) loans (disclosure)
- Share (Savings) secured loans