Instructions for filling
out Loan Application
***PLEASE READ CAREFULLY***
We do not accept faxed loan applications.
Enclosed find the loan application you requested.
Complete ALL THE INFORMATION ON THE LOAN APPLICATION. If
the application is not complete we will return it to you.
This will delay processing of your loan. We MUST have
proof of income, a copy of your payroll stub and your spouse's
if they are employed. Also include any additional
incomes such as social security, rental income, etc. If
you send an original pay stub we will return it to you.
Be sure to tell us your work location and list all of your
monthly expenses, including any car payments, credit card
payments, and/or rent or mortgage. We must also have a
current home telephone number for our records. Do not
forget to give us a reason for the loan. Remember that
"PERSONAL" is not a valid reason.
The age limit for the life insurance stops at 70 years.
You can purchase disability insurance up to the age of 65,
however, this coverage stops at 66. The age limit for this
insurance is not mandated by the Credit Union, but is based on
rates established by the state.
PLEASE DO NOT FORGET TO SIGN THE BACK OF THE LOAN
APPLICATION. THE PROCESS FOR THIS LOAN TAKES 7 TO 10 DAYS.
- Joint Disability Insurance is not available.
- Life Insurance Coverage stops at age 70.
- You may purchase disability insurance under the age of 65.
- You must work at least 25 hours per week to be eligible to
apply for this insurance.
- You are covered up to the amount of the loan not exceeding
$30,000.
DID YOU REMEMBER
TO SEND
-
PAYROLL STUBS (INCLUDING SPOUSE)
-
FORM A: COMPLETED AND SIGNED
-
LOAN APPLICATION COMPLETED AND SIGNED
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