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The
loan is used to purchase untitled boats and vehicles, snowmobiles,
computers, electronics, equipment, etc. The loan application must
be accompanied by a sales receipt for the item being purchased which must
include a complete description of the item and the model and serial
numbers. The borrower is responsible for the cost of any required
appraisals and for filing of the financing statement. Proof of
fire, theft and collision insurance with a $500 deductible and a loss
payable clause to the Credit Union is required for all insurable loans.
- Maximum amount financed and maximum term
are determined by the value on the sales receipt or appraisal.
- Rates are determined by the value of the
item, the percent of that value to be financed, and the length of
time to be financed.
- Rates range from a low of 8.25% APR to a
high of 12.25% APR.
- Please contact a member service
representative for actual rates.
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Financing Statement