Loan Options:

• The Credit Union offers loans for many purposes.  When you apply for a Credit Union loan, you get fast, confidential service from a member of our staff who will help you determine the best loan option for your particular financial needs.

• Loan applications can be made in person, by mail, fax or on the internet. 

• No penalty for early payoff

• All Credit Union loans are calculated using the Simple Interest Method.

• The Credit Union offers pre-approval so you can shop with confidence  knowing your loan has already been approved.  Take advantage of this service.

• New and Used Vehicle Loans

• New and Used Boat Loans

• Motorcycles and 4-Wheelers 

• Signature Loans

• Share and Certificate Secured Loans 

• The Credit Union offers payment protection with Credit Life and Disability Insurance.  

  Single credit life insurance is available to members to pay off the loan in full by CUNA Mutual Insurance Group in the event the member passes away. This eliminates putting more stress on family members after the member is deceased to collect delinquent loan payments.  This insurance is available up to 70 years of age and costs $.70 for each $1,000 borrowed. 

  Single credit disability insurance will pay the credit union loan payments after the member has been off work for 31 days due to disability.  The insurance eliminates the worry of paying the credit union monthly loan payments when the member is not receiving income.  Single credit disability insurance costs the member $2.00 for each $1,000 borrowed.

• Guaranteed Asset Protection (GAP)

  The Credit Union offers GAP insurance on any loan secured by a vehicle, boat, motorcycle or recreational vehicle.  The insurance will pay the difference between the insurance settlement and the loan balance if the collateral is declared a total loss. The insurance will also give members up to $1,000 toward a new vehicle purchase if the vehicle is financed by the Credit Union.  The cost of the coverage is $195 for  vehicle, boat or motorcycle coverage and $295 for recreational vehicle coverage.

• Extended Warranties are available through competitive pricing by CUNA Mutual Group. You can service your vehicle at any licensed mechanic. Call the Credit Union for information and pricing or click here for more details.

   

  
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  VISA Credit Cards:

  • No annual fee
  • A low annual percentage rate
  • No fee cash advances and balance transfers available
  • Eligible members can choose from the Classic Visa Card and the new Platinum VISA Card.
  • Applications can be made in person, by mail, or by fax.
  • Check with the Credit Union for our low rates.
  • Rewards program for Platinum cardholders.  Redeem rewards at www.curewards.com
  • If you notice that your VISA Card is missing contact the Credit Union during their normal business hours.  Call (800) 654-7728 to report the card as lost or stolen.
  • See agreement for more information.  Click here to email the Credit Union to request a copy of the agreement or call us at (502) 627-3140.

         

Rates and Loan  Application:

Thanks for your application. You may submit your application via email by entering the Submit button or print and fax to (502) 627-4670.

 In order to complete processing, please remember to deposit $5 into your savings account at the credit union.  The Credit Union will send the disclosure information.

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Closed End Home Equity Loans (Second Mortgages):

The Credit Union offers closed end home equity loans to its members with no closing costs.  Other benefits include:

• Loans from $5,000 - $50,000.  Borrow up to 80% of the value of your home minus your first mortgage balance.

• First or second mortgages only

• The payment is based on the term and the rate.  Terms are available for 5, 10, and 15 years.  Click here for rates.

• All payments are due by the 10th of each month.

• Late fee is 5% of the payment due with a minimum late fee of $20.

• Fees:  
  -  Late fee is 5% of the payment due (minimum late fee $20)
  -  If closed within one year, settlement charges disclosed on
     settlement agreement.

• Approved Counties for home equity lending are:

  Kentucky:  Breckenridge, Bullitt, Carroll, Daviess, Grayson,  Hancock, Hardin, Hart, Henderson, Henry, Jefferson, Larue,  Meade, Nelson, Oldham, Shelby, Spencer, Trimble

  Indiana:  Clark, Crawford, Floyd, Harrison, Jefferson, Orange, Perry, Scott, Switzerland, Washington

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Home Equity Lines of Credit (Fixed and Variable Rate):

• Home Equity lines of credit will be for $5,000 - $50,000. 

• First or second mortgages only

• Minimum draw/advance $250

• 25 FREE loan drafts

• Access by loan drafts or advances at the credit union

• Payment is $1.50 per $100 of the loan balance (minimum payment $50)

• Payments are due by the 10th of each month

• Late fee is 5% of the payment due with a minimum late fee of $20

• Fees: $25/year maintenance fee. $20 under $250 minimum advance, third party fees ($350 - $1,000) paid on your behalf if the loan is closed within three years for variable rate loans or within one year for fixed rate loans.

  Variable Rate

  • Term -- 15 years maximum (5 year draw and maximum 10 year payback).  After five years, the member has the option to refinance the loan if they meet underwriting guidelines.

  • Click here for current rates.

  Fixed Rate

  • Term -- 7 years maximum (2 year draw and maximum 5 year payback).  After two years, the member has the option to refinance the loan if they meet underwriting guidelines.

  • Click here for current rates.

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Land / Lot Loans

• Loans on land / lots available from $5,000 to 50,000.
• The Credit Union will loan up to 80% of the appraised value of the land/lot.
• Click here for rates. 

Mortgage Loans

• The Credit Union offers mortgage loans up to $300,000.
• Terms of 15 or 30 years.
• The Credit Union will loan up to 80% of the appraised value of the home.

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