Borrowing & Credit

1-Year All Purpose Loan Revolving Line of Credit Share Secured Loans

Secured Loans Home Equity Loans VISA

 

At CFCU Community Credit Union, you'll find a wide variety of loans to meet practically any need and ability to repay. CFCU loans can be made on the basis of your signature or as a secured loan (secured by either your share savings on deposit at the Credit Union or by the item you are purchasing, such as a new car). Because the Credit Union uses the "simple interest" method of computing finance charges, there is never a penalty for pre-payment of a loan. If you're ready to apply for a loan, fill out our Loan-Online application. And if you need help calculating anything from a personal budget to a home mortgage, check out CUNA's Calculators page.

Note: The following information is an overview of CFCU's lending programs. Some restrictions may apply. Complete information about any service can be obtained at any CFCU location. Also check out our Loan Rates for these programs described below:

1-Year All Purpose Loan
Every year, people charge holiday and other purchases, run up sizable balances on their credit cards, then take months to pay them off...at high credit card rates. At CFCU, you have a better choice: our 1-Year All Purpose Loan. You can borrow for anything you need. The one-year term means you're not saddled with long-term debt and the interest rate is considerably lower than even the most competitive of credit cards. In addition to new purchases, consider an All Purpose Loan to pay off existing credit card debt. You'll save by transferring higher-rate balances to CFCU.

Apply today at any branch, over the phone by calling Loan Phone at 607-257-8328, 1-800-LOAN-792 (outside the Ithaca area), or on our Loan-Online Application.

Revolving Line of Credit
For signature loans, CFCU offers a convenient loan program that permits you to make one application to establish a line of credit, then borrow against that line as needed. You make regular monthly or biweekly payments based on the balance, and as your principal payment amount is paid down, you may again borrow up to your personal line of credit without making another application. Credit updates are required every three years.

Share Secured Loans
You may choose to secure a loan with funds you have on deposit in your Credit Union savings account. When you use shares to secure your loan, your savings continue to earn dividends at the current rate, and you benefit from CFCU's lowest loan finance rate.

Secured Loans
CFCU Community Credit Union also offers other types of secured loans for new and used vehicles, home improvements, etc. If you need to borrow for any purpose, contact CFCU for some of the best rates in town.

Home Equity Loans
Choose from fixed-rate home equity loans or variable-rate home equity revolving lines of credit. You benefit from a flexible source of borrowing power you can use for any purchase or expense. Take advantage of the Credit Union's low interest rates, and in many cases, tax deductibility of interest (check with your tax advisor).

VISA
Thousands of Credit Union members have already saved money by paying off high-interest-rate credit card debt with our low-cost Classic VISA or Platinum VISA cards. The philosophy behind our VISA cards is simple...we keep interest rates as low as possible and offer other useful benefits our members want. With a CFCU VISA, you'll enjoy one of the lowest rates anywhere! Plus there's no annual fee if you have direct deposit or a mortgage with the Credit Union. To apply, please stop in at any branch office, call 607-257-8500 to request an application, or apply online by going to our Loan-Online page and following the instructions. You can download the Visa Card Guide to Benefits Standard Protection Package to learn more.

Verified by VISA
Protect your Visa® card number when you buy online. Help prevent unauthorized purchases before they happen. Shop with added security and peace of mind. Create your own password today at www.visa.com/verified.

VISA Balance Transfer
Move your high-interest credit card balances from other cards to your CFCU VISA, and for the life of the transfer pay a great low rate. It's easy! Just use the balance transfer coupon.

Lost or Stolen Card?
You need to report a lost or stolen card immediately. For CFCU CheckCard call 800-472-3272 . . . CFCU Visa card call 800-991-4961.

VISA Auto Deduct Service Now Available!
VISA Auto Deduct lets you make your CFCU VISA card payments automatically. Just choose whether you prefer to (1) make the minimum payment, (2) pay a set amount, or (3) pay the full balance every month. Then decide whether you want your payment withdrawn from your CFCU Share or Share Draft account. It's that simple. And there's no fee for this new service. Call 607-257-8500, or visit any branch to find out more or to get started. If you prefer, you can e-mail the VISA Department at visa@mycfcu.com.

Access your VISA card online
A new service called InfoLinkPlus(SM) can give you easy Internet access to your VISA accounts. This new Web site uses an array of firewalls and encryption technology to keep important card information secure. You can access payment address information, pay your bill online, find important customer service telephone numbers, order statement copies or open inquiries. You can also view and print information about minimum payment due, due date, amount of last payment, date of last payment, your current account balance, available credit, credit limit, and transactions posted since your last statement. This service is available free to all CFCU VISA cardholders and can be accessed by going to InfoLinkPlus.com.

Home Equity Revolving Line of Credit - PRIME + 0% !!
Accessed through special CFCU VISA checks, this is a low-cost, flexible source of borrowing power which, in many cases, may be tax deductible (check with your tax advisor).There are no application or appraisal fees and no closing costs. Contact CFCU's Consumer Loan Department for details.