Unsecured Loan Products

The credit Union offers two types of unsecured loans. The member has the ability to apply for a signature loan which gives the member access to $1.00 to $5,000.00 with various terms. The other unsecured loan is considered a share draft loan and can be accessed by contacting the credit union and requesting a Share Draft Loan advance up to $300.00 and a monthly payment of $30.00.

 

New & Used Auto Loan

These loans are made for the purchase of vehicles and the borrower must secure the loan by assigning the Credit Union as 1st Lien holder on the  vehicle being financed. Sales tax and registration fees may be added to the loan for the vehicle.

 

New & Used Recreation Vehicle Loan

These loans are made for the purchase of snowmobiles and four wheelers. The borrower must secure the loan by assigning the Credit Union as 1st Lien holder on a UCC filing statement. Sales tax and registration fees may be added to the loan for the vehicle. 

 

New & Used R. V. (Boats, Campers, & Motor Homes) Loan

These loans are made for the purchase of boats, campers, & motor homes. The borrower must secure the loan by assigning the Credit Union as 1st Lien holder on a UCC filing statement or title of the vehicle financed. Sales tax and registration fees may be added to the loan for the vehicle. 

 

New & Used Consumer Good Loan

These loans are made for the purchase of consumer good not described elsewhere. The borrower must secure the loan by assigning the Credit Union as 1st Lien holder on a UCC filing statement. Sales tax and registration fees may be added to the loan for the vehicle. 

 

Student Loan

Our Private Student Loan is a low cost student loan to meet your education needs.  Defer full principal and interest payments until six months after graduation or leaving school.  Choose between making interest payments or a nominal $25 "Good Faith" payment towards the loan while in school.  Floodwood Area Credit Union members can access private student loans at cuStudentLoans.org. 

 

Mobile Home Loan

The Credit Union offers In-house Mobile Home Loans.  The borrower must secure the loan by assigning the Credit Union as 1st Lien holder on the mobile home being financed. 

 

Mortgage Loan

The Credit Union offers In-house and Secondary Market Real Estate Loans. Equity loans are available up to 100%. Contact a loan officer to discuss which mortgage loan fits your needs.