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With a Credit Union Loan:
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Your loan can be paid with
a payroll deduction or we can bill you monthly.
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If you are denied, you may
meet with a member of the Loan Committee and/or have the Board of Directors
review your application.
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A Fully Secured Loan is a
great and easy way to establish a credit history.
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If you are having trouble
making payments, we can try to work to help you.
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Remember, if you are
delinquent, we report to TRW. This could affect your credit.
Call us or stop by. We will
try to work with you to help you through this brief difficulty.
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Now at
Sisters Hospital Employees
FCU
Mortgages Made Easy!
Schools.
Neighborhoods. Backyards. As a homebuyer, you've
got enough on your mind without thinking about a mortgage.
Why not have someone else handle it for you?
We can do that. Our new mortgage products reflect our
"people are worth more than money" philosophy with a process
that's fast and hassle-free. The terms are just as
people-friendly:
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Fixed and
adjustable rate mortgages
- The
competitive interest rates we offer our members
every single day
- Low down
payments, so you keep more of your hard-earned
savings
- Flexible terms,
including lock-in and float options for the best
possible rate
- affordable
closing cost programs to save you money
No matter what kind of
home you're considering, we'll walk you through the process
without leaving you in the dark...or pushing you too fast.
To find out more, please call us at
862-1472. |
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CAR LOANS…..
The Credit Union is now doing
risk base
lending
for car loans. Your credit score will determine your rate with rates as
low as 5.5%.
Stop by today for an application, we can pre-approve your loan and you
can start shopping
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! ! REFINANCE NOW ! !
Do you know that loan
rates have dropped dramatically since 9-11? If you have 5 minutes
today, we can probably save you $200-$400 or more by refinancing your
existing bank loan or credit cards. It is so easy, we do all the work. Do it
today! Refinance your bank loan with us!
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Risk Based Lending
Sisters Hospital Employees FCU is now
basing loan rates on an applicant's credit score. What does this
mean to you?
It means that you can apply for a loan
the same easy way you always have, however, the interest rate varies based
upon your credit score. Currently, the unsecured rates range from
6.9%-18.9%.
How is my credit score
determined? Is my rate going to be affected by what the Loan
Committee thinks of me?
Your credit score is determined by an
outside service that does this as a part of your credit report. They
assign a credit score to you based upon your credit history. The
Loan Committee does not determine your credit store.
So is this credit score used to approve
my loan?
Your loan applications approved or
denied as stated in the Loan Policy. Once your eligibility is
determined, the credit score determines your interest rate.
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Car
Loan Rates
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Car Loan Risk Categories |
Percentage as of June 1, 2007 |
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A+ PAPER
Excellent Credit
Credit Score of 730 and Above
Low Risk
A PAPER
Excellent Credit
Credit Score of 700 - 729
Low Risk
B PAPER
Good Credit
Credit Score of 650 - 699
Average Credit Risk
C PAPER
Marginal Credit
Credit Score of 600 - 649
Possible Guarantor May Be Needed
D PAPER
Below Par Credit or No Credit History
Credit Score of 599 or Less
Guarantor Usually Necessary |
New |
Used |
5.5% Up To 66 Months
6.5% Up To 66 Months
7.5% Up To 60 Months
9.5% Up To 60 Months
12.5% Up To 60 Months |
6.5% Up To 60 Months
7.5% Up To 60 Months
8.5% Up To 60 Months
10.5% Up To 48 Months
13.5% Up To 48 Months |
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Credit Union Unsecured & Secured Loan Rates as of
October 1, 2008 |
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Maximum of $10,000.00 |
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12 months |
24 months |
36 months |
48 months |
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A+ 730 & above |
5.90% |
6.90% |
7.90% |
9.90% |
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A 700-729 |
7.90% |
8.90% |
9.90& |
11.90% |
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Maximum of $7,500.00 |
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B 650-699 |
10.90% |
11.90% |
12.90% |
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C 600-649 |
13.90% |
14.90% |
15.90% |
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D 599 & Below |
15.90% |
16.90% |
17.90% |
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Fully Secured |
4.90% |
5.90% |
6.90% |
7.90% |
No car loans for under $2,000.
However, you may apply for a personal loan. Loans for cars over 7 years
old will not be considered unless the car is a classic or antique. Sisters
hospital EFCU will allow a loan for cars that are 7 years old or older, but the
loan will be unsecured. The
NADA book is used as a guideline in determining the amount of loan for used
cars. REMEMBER~your car loan
can be pre-approved!
Sisters
Hospital Employees FCU uses Risk Based Lending when determining the interest
rate you are charged when you qualify for a loan. Once you qualify for a
loan, rates are based upon your credit score.
Sisters Hospital Employees FCU is now
basing loan rates on an applicant's credit score.
Q. What does this mean to you?
A.
It means that you can apply for a loan
the same easy way you always have, however, the interest rate varies based
upon your credit score. Currently, the unsecured rates range from
5.9% to 17.9%.
Q. How is my credit score
determined? Is my rate going to be affected by what the Loan
Committee thinks of me?
A.
Your credit score is determined by an outside service that does this
as a part of you r credit report. They assign a credit score to you
based upon your credit history. The Loan Committee does not
determine your credit score.
Q. So is this credit score used
to approve my loan?
A.
Your loan application is approved or denied as stated in the Loan
Policy. Once your eligibility is determined, the credit score
determines your interest rate. |
Please click here to view loan
application eligibility requirements
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