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CareConnection provides you with lending products that can be fitted to your needs. Interest rates on loans and amount granted are determined by the quality of the applicant's credit, earnings, and when applicable, the value of the collateral offered as security.
Personal Loans
Personal loans are unsecured loans. They can be open-ended to allow periodic access without having to resubmit an application. Use this to payoff high interest credit card debts or to consolidate bills. The credit union may require you to close the accounts being paid-off by the consolidation loan.
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Vehicle Loans (New or Used)
Get pre-qualified now and there is no obligation on your part. That way, you can determine how much you qualify for and get an idea of how much you can afford. CareConnections provides competitive rates for new or used vehicle loans. Used vehicles are financed 100% of their retail value whether it be purchased or refinanced. Mechanical Breakdown Protection and Guaranteed Asset Protection are available at very affordable price.
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Recreational Vehicle, Trailers, or Watercraft
We finance up to 80% on New and from low to mid-point Kelly Blue Book on Used.
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Secured Loans
You can also apply for a loan secured by the balance of your Regular Share account. Share-Secured Loans may be amortized over a ten-year period but must be paid-off or refinanced at the prevailing rate within 36-months. Certificate-secured loans can also be amortized over a ten-year period but must be paid-off or refinanced when the certificate matures. Rates cannot be lower than the highest certificate rate at the time of booking of the loan.
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Regulations do not allow the use of funds from checking accounts, money market accounts, or individual retirement accounts (IRA) as pledges for Share-Secured Loans.
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Home Loans
Home Equity Loans. Are you faced with high cost of tuition? Are you overwhelmed by credit card finance charges? Is your house in need of repairs? Tap the equity of your home with a Home Equity Loan. We have fixed rate 2nd Trust Deed payable for up to 20 years. We also offer Home Equity Lines of Credit (HELOC) that offers a maximum of $250,000 and you can borrow what you need when you need it. No points, no early payment penalty, minimal fees, and your choice of term up to the maximum allowed.
First Trust Deed Home Mortgage Loans. Financing a new home or refinancing a high rate mortgage? Let your credit union see what we can do for you.
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Visa Credit Card
Visa Classic Credit Cards. No annual fee, 25-day grace period for repayment of balances for purchases. The better your credit score, the lower the rate. In case of default, all advances shall be secured by the shares and deposits in all individual or joint accounts with the credit union.
Share Secured Visa. Start building up your credit with a Visa credit card secured by your share account. The amounts of shares pledged and interest rate are determined by your credit score.
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Seasonal Loans
Watch out for "loan specials" tied to various seasonal cash needs such as tax loans, vacation or holiday loans, or "return to school" loans.
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