LOAN

Preston Federal Credit Union

NEW VEHICLE LOANS:

Finance up to 100% of the purchase price for New vehicles with a copy of the purchase agreement.

Maximum terms for payment schedule:

    Year 2017   72 Months; 2018   84 Months   

USED VEHICLE LOANS;

Finance up to 90% of the current NADA average retail value but not more than the purchase price.  Contact the credit union for the maximum amount for financing.

MAXIMUM TERM FOR USED VEHICLE LOANS

           Year

Term In Months

2013 - - 2016

72

2010 - - 2012

66

2007 - - 2009

54

2006 and older

48

PERSONAL LOANS

  • Personal unsecured loans to members are available up to a maximum of   $5,000.00 per each member.  Depending upon work experience, income and credit history.
  • Secured loans by share deposits are limited to the amount of funds on deposit at the credit union.  Funds equal to the outstanding balance of the loan must remain on deposit until the loan is paid off. 
  • Loans to pay for educational tuition are available with a copy of the tuition bill.
  • Christmas loans are available for seasonal shopping and credit card payments.  November to January.
    • The total amount of all unsecured loans to each member cannot exceed $5,000.00