Loans

If you are interested in a loan, please contact Roger or Wendy at (570) 825-9950.  Loans are disbursed by pre-scheduled appointment in our Wilkes-Barre office, and in many cases you can leave with the check!  Please note that rates are subject to change without prior notice.

Signature Loans:

(limits based on income)

12 months & under 7.9%
13-24 months 8.5%
25-36 months 9.5%
37-48 months 10.9%
49-60 months 11.9%

All loans under $2,000 have a rate of 9.5%

Share Secured Loans:

100% Share Secured:

24 Months & Under 2.99%
25-36 Months 3.25%
37-48 Months 3.5%
49-60 Months 3.75%
61-72 Months 3.9%
73-78 Months 4.25%
79-84 Months 4.9% (loans $35,000 and up)

50% Share Secured:

24 Months & Under 5.5%
25-36 Months 6.5%
37-48 Months 7.5%
49-60 Months 8.5%

All loans under $2,000 have a rate of 6.9%.

Vehicle Loans:

2019, 2018, 2017 (with mileage under 20,000)
Maximum loan of 95% NADA retail value for used cars.
Maximum loan of 95% MSRP for new cars (not including dealer discounts).

24 Months & Under 2.99%
25-36 Months 3.25%
37-48 Months 3.5%
49-60 Months 3.75%
61-72 Months 3.9%
73-78 Months 4.25%
79-84 Months (loans $35,000+) 4.90%

2017 (mileage above 20,000), 2016, 2015
Maximum loan of 95% NADA retail value.

24 Months & Under 3.25%
25-36 Months 3.5%
37-48 Months 3.75%
49-60 Months 3.99%
61-72 Months 4.25%

2014, 2013, 2012
Maximum loan of 90% NADA retail value.

24 Months & Under 3.99%
25-36 Months 4.5%
37-48 Months 4.75%
49-60 Months (2014 only) 4.99%

2011, 2010, 2009
Vehicle must have book value of at least $7,000 to qualify.
Maximum loan of 85% NADA retail value.

24 Months & Under 5.25%
25-36 Months 5.9%
37-48 Months  (2011 only) 6.25%

2008, 2007
Vehicle must have book value of at least $6,000 and 30 day warranty or guarantee to qualify.
Mileage must not exceed average listed in NADA guide.
Maximum loan of 85% NADA retail value.

24 Months & Under 6.25%
25-36 Months 6.9%

Home Equity Loans:

Minimum loan $15,000

3 Years & Under 3.75%
5 Years OR 6 Years with 3 Year Balloon 3.9%
9 Years with 3 Year Balloon 3.99%
10 Years with 5 Year Balloon 4.25%
12 Years with 3 Year Balloon 4.5%
15 Years with 5 Year Balloon 4.75%

Home Equity Loan Application Fees:

 $15,000-24,999:          $250 with appraisal / $75 without appraisal

$25,000-39,999:          $200 with appraisal / $75 without appraisal

$40,000-59,999:          $150 with appraisal / $50 without appraisal

$60,000 and up:          Free for terms of 6 years or more / Free without appraisal
$100 with appraisal for terms of 5 years or less

 No fees will apply for balloon rewrites where no new money is being loaned.
If new money is taken at the time of balloon refinance, an application fee will be charged if a new appraisal is required.  A new appraisal is required if the one on file is over 5 years old.

Existing Balloon Loans:  

For our members with existing balloon loans currently in process, lower rates will apply if you are refinancing without taking additional funds.

equal housing lender

APR = Annual Percentage Rate

POLICIES AND FINE PRINT:

Applicants must leave at least 5% of the loan balance on deposit in regular shares up to a maximum of $100.00.

Signature Loans:
Signature loan limits are subject to your income level.  A co-maker may be required.

Vehicle Loans:
We can finance:
95% of the selling price excluding fees & taxes for new cars **
95% of the N.A.D.A. retail value for 2017, 2016, or 2015 model years
90% of the N.A.D.A. retail value for 2014, 2013, or 2012 model years
85% of the N.A.D.A. retail value for 2011,2010, 2009, 2008, or 2007 model years
**  Manufacturer rebates count toward the 5% down.  Dealer discounts do not.

Home Equity Loans:
The Credit Union must be the first OR second mortgagee for all home equity loans.  You may wish to pay off an existing mortgage or mortgages to consolidate payment or lower your interest rate.