See your credit union first when you need cash. We make borrowing easy.

Types of Loans Offered

SECURED VEHICLE  - Title held as collateral, loan shall not exceed $70,000, financed amount up to 90% of MSRP (new) / NADA (used) without GAP insurance.  With GAP insurance, the Credit Union may finance more that 100% of the vehicle’s value.

  • NEW VEHICLE - may be financed up to 7 years depending on value

  • USED VEHICLE - may be financed up to 6 years depending on age and value*

    *To qualify for our used vehicle rates, a vehicle must not be over 8 years old. Older vehicles may be financed for a maximum of 3 years.

UNSECURED (Personal) -  no collateral to hold, may be used for debt consolidation, unexpected repairs, etc., may be financed up to 5 years

  • SIGNATURE - member may borrow up to $4000 on only their signature

  • CO-MAKER - member may borrow up to $7000 and requires a co-signer

SECURED SHARES - borrow against your own funds at a lower rate while still earning interest on your funds, payback terms selected by the member (may not exceed 15 years)    

CREDIT BUILDER LOAN - Need to start establishing credit or help getting it reestablished?  Let us help you with that building/rebuilding process!  Building a positive credit history safely takes time and a financial partner who believes in you.  Our Credit Builder Loan helps members do just that, without applying for high interest rate credit cards or going to a payday lender or finance company.  This loan is ideal for members with no credit, or members who are recovering from previous credit problems, bankruptcy, or other difficult life circumstances.  Satisfactory repayment will result in favorable consideration for future ACFCU loans.

  • A safe way to build credit or help repair damaged credit

  • $500 loan with low monthly payments of $50 at a rate of 12.5%

  • Financial education on credit provided with each loan

  • A report of your favorable payment history sent to the Credit Bureau

LOAN QUALIFICATIONS

  • Membership at ACFCU

  • Currently employed with the same employer for at least six (6) months

  • Payments must be made through payroll deduction

  • Debt-to-income ratio must meet ACFCU requirements

  • No negative balances or negative history with ACFCU

The following insurance products are offered with our loans:

  • GAP INSURANCE - There could be a big difference between what your insurance will pay and what you owe on your loan if your auto is totaled. GAP is a low-cost coverage that pays the potentially high-cost difference between your insurance settlement and your loan balance on items directly related to the purchase of your vehicle, plus gives you $1000.00 towards the purchase of a vehicle if financed with the Credit Union. Check with your Credit Union for more information on this product.

  • CREDIT DISABILITY – Single and Joint Credit Disability coverage is offered by the Credit Union. This is a group insurance policy designed to make a member's monthly payments to the Credit Union if the member, or their co-signer if applicable, is totally and continuously disabled by a sickness or accident.  The premiums for coverage are paid by the member and added to the monthly loan payment.  The maximum total benefit of this insurance is $50,000, and the maximum issue age is 65 years.  

  • CREDIT LIFE – Single and Joint Life insurance coverage is offered by the Credit Union.  This is a group insurance policy designed to pay off your loan in the event of death.  The premiums for coverage are paid by the member and added to the monthly loan payment.  The maximum total benefit of this insurance is $50,000, and maximum issue age is 69 years.