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Featured Rates
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| Share Savings |
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| 1.25% Rate |
1.26% APY* |
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| Loans |
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| Vehicles |
3.24% APR** |
| Personal Loans |
8.00% APR** |
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| *APY - Annual Percentage Yield |
| **APR - Annual Percentage Rate |
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Loan Types |
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You must be a qualified member in good standing of SFFCU and have an open account to apply for a loan.
Income documentation may be required from all borrowers. The Credit Union Specialist will let you know if proof of income is required.
Please submit required applications and forms for all loans to your local branch.
Share Pledges
- 100% of available State Farm FCU shares may be loaned.
- No underwriting is required for a Share Pledge loan, unless it's the first loan request to establish a credit plan.
Vehicle Loans
- New Vehicles (Automobiles, Vans, Trucks, and Motorcycles)
- Not been previously titled and were purchased in the last 90 days.
- 100% of the purchase price plus dealer options & add-ons, taxes, title and tag fees, and any extended warranty may be financed.
- Used Vehicles
- Previously titled and purchased within the last 90 days - borrow up to 100% of NADA Retail or Appraised Value plus taxes, title and tag fees, and extended warranty.
- Purchased more than 90 days ago - borrow up to 100% of the NADA Retail Value or Appraised Value for vehicles.
- New Recreational Vehicles - Boats and other watercraft, Travel Trailers, Campers, Golf Carts, Motor Homes, Snowmobiles, Jet Skis, and other TITLED on or off road vehicles
- Not been previously titled and were purchased in the last 90 days.
- 100% of the purchase price plus dealer options & add-ons, taxes, tag/title/vessel documentation fees, and extended warranties may be financed.
- Used Recreational Vehicles
- Previously titled and purchased within the last 90 days – borrow up to 100% of NADA Average Retail or Appraised Value plus taxes and tag/title/vessel documentation fees.
- Purchased more than 90 days ago - borrow up to 100% of the NADA Average Retail Value or appraised value.
- New and Used Non-titled Recreational Vehicles - Snowmobiles, Jet Skis, Golf Carts, Boats, 4-wheelers, & Trailers such as horse, travel, motorcycle, boat, 5th wheel, pop-up, etc.
- Applies only to those vehicles that cannot be TITLED in your state.
- These will be UCC (Universal Commercial Code) registered
- New: 100% of purchase price plus dealer options & add-ons, taxes, and extended warranties.
- Used: 100% of NADA Average/Used Retail Value or Appraised Value plus taxes and extended warranties.
Line of Credit Loans
- Up to $50,000 per member.
- No more than $50,000 total in a Line of Credit and total Personal Loans will be loaned.
- Once a line of credit is approved, it will be reviewed from time to time to determine if the member is still credit worthy.
- Two members in the same household may have no more than a $100,000 line of credit combined, subject to eligibility.
- The minimum advance on a line of credit is $500.00.
- The maximum repayment period is 60 months (5 years).
Personal Loans
- Up to $50,000 per member.
- No more than $50,000 total in a Line of Credit and total Personal Loans will be loaned.
- The minimum personal loan amount is $1,000
- The maximum repayment period is 60 months (5 years)
The minimum monthly payment for any loan is $50, regardless of the amount borrowed.
CU1000 Line of Credit
- Minimum credit line of $500 and a maximum of $1000
- No Credit Report pulled for this loan, unless it's the first loan request to establish a credit plan.
- One CU1000 Line per member.
- Minimum advance of $250
- Minimum monthly payment of $100
Debt Consolidation
- Any of the loans listed above could be used to help consolidate your other debts into one SFFCU loan. For example, if you have clear title to a vehicle with sufficient value, you can consolidate debts for the lower vehicle loan rate.
- Bring, mail or fax your credit card or other installment or revolving debts to your branch with your other loan paperwork. If qualified, the Credit Union will refinance those debts. As a result, you may have significantly lower monthly loan payments.
- Contact your branch for additional information and requirements.
Life Insurance
- 100% of the Loan Value of State Farm Whole Life Policies or
- 75% of the Loan Value of State Farm Universal Life Policies
- No other life policies will be accepted as collateral
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