Loans

Signature/Unsecured Loans

	$500- $20,000
	Borrow for almost any purpose with various repayment terms up to 60 months.

Holiday Loans (No Credit Check)

	$500-$2,500
	Fixed rate personal Lines of Credit with a fixed payment schedule based on outstanding loan balance after each advance.
	A member who has been a member of MCU for 1 year or more and has been in good standing with MCU is eligible to borrow.

Tuition Lines of Credit

	$500 - $20,000
	For the specific purpose of paying school tuition (any level of education) with a fixed rate and fixed payment schedule. Applicant provides the credit union with evidence of enrollment and cost of tuition and loan proceeds are payable to the school.
	Repayment term up to 18 months.

MasterCard Classic Card

	Credit Limits up to $10,000
	No Annual Fee
	Variable payments schedule based upon outstanding balance

	Loan secured by applicable shares on deposit with the credit union.
	Credit Limits up to $10,000
	No Annual Fee
	Variable payment schedule based upon outstanding balance

New Vehicle Loans (cars, trucks, motor homes, RVs, motorcycle, boat & tractor)

	Competitive rates with up to 72 month financing
	New vehicle loans to purchase or refinance non-commercial new vehicles up to 100% MSRP.

Used Vehicle Loans (cars, trucks, motor homes, RVs, motorcycle, boat & tractor)

	Up to $40,000
	Competitive rates with up to 60 month financing
	Used vehicle loans to purchase or refinance non-commercial used vehicles up to 100% of the NADA Trade In value. .

Collateral Loans

	Loan programs for new and used auto loans, in which the borrower owns title
	Up to $40,000
	Competitive rates, up to 60 month financing, up to 100% of NADA Trade In Value.

Conventional Fixed Rate And Adjustable Rate First Mortgage Loans

	Conventional fixed rate first mortgage real estate loans to purchase or refinance single and double owner occupied residential dwellings.
	For application packets, visit CU Member Mortgage online at www.homeloancu.com or call 1-866-277-7680 or 1-800-607-3474.

Home Equity Loans

	$5,000 to $50,000
	Up to 180 month financing
	Fixed rate closed end Home Equity Loans on single and double owner occupied residential dwellings.
	Borrow up to 80% of appraised value minus first mortgage balance.
	Variable Rate Home Equity Loans are available, contact the Loan Department at (504) 257-4208

Share Pledge Loans

	Loans secured by applicable shares on deposit with the credit union. Loan interest rate is prime lending rate published in the New York Wall Street Journal plus 3.00% up to 60 months
	Loans secured by qualified Share Certificates of Deposit. Loan interest rate is 2 1/2% above the rate earned on the related deposit account up to 60 months.
	Loans secured Christmas club or Vacation Club shares on deposit. Loan interest rate is prime lending rate published in the New York Wall Street Journal plus 3.00% up to 12 months.

We do business in accordance with the Federal Fair Housing Law and Equal Credit Opportunity Act.

Loan Application

Use our online loan application to apply for a loan.
Fill out the loan app, print it on your printer and fax, mail or bring it in to us.