When a member is interested in obtaining a loan from the Credit Union an application must first be completed. The Credit Union application is called a “Loanliner” and is required for all first-time applicants. There is a one-time fee of $10 to complete/submit the Loanliner application. The Loanliner also includes complete information regarding Credit Life and Credit Disability Insurance coverage. All approved loans are open-ended. Advances may be made without having to fill out further information, unless there have been changes to the original information obtained. Sometimes the file will need to be up-dated, but overall, the open-ended loan facilitates the loan process, and saves time for the member and credit union personnel.
A member, depending on his/her credit position, may have more than one loan. Please allow your credit union time to process a loan; credit checks will be completed on all applications. Your signature on a completed application is a promise all statements made are true and complete.
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