Leadco Community Credit Union offers loans for many purposes:
Real Estate - First Mortgage and Home Equity; Autos, Recreational
Vehicles, Personal, Debt Consolidation, Boats, Visa Credit Card, and
Share or Certificate Secured.
Eighty-Four Month Financing: Eighty-Four
Month financing is also available for titled vehicles that list for
more than $25,000. Some restrictions apply; call for more details.
Payroll Deduction Discount/Automatic Transfer:
Members who have their loan payments made through payroll deductions
will receive .25% interest rate discounts on their loan rates
(excluding First Mortgage Loans). Members who have funds automatically
deposited through their employers (payroll deductions), or members who
have funds deposited through direct deposits (ACH), are also eligible
for these discounts.
Application Requirements: To apply, one must be in our Field of Membership and have at least one year in a current job or similar field of work.
Apply for a Loan Online: Members can apply for loans online through our secure loan application server.
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Save Hundreds Of Dollars At The Dealership With Our Credit Union Lending Systems Network
Now
you can get low-cost credit union financing at auto, boat, RV and
motorcycle dealerships throughout the area through our Credit Union
Lending Systems (CULS) network.
Negotiate your best deal, and
when the finance department asks you about financing, just say “Leadco
Community Credit Union.” Your loan will be processed on the spot, and
you’ll get our great credit union loan rates (listed below). You’ll
complete your paperwork at the dealership…it’s one-stop shopping at its
best! *
Credit union financing can save you hundreds, maybe even
thousands, of dollars in finance charges (that means lower monthly
payments). Take the manufacturer's rebate instead their financing, and
you can save thousands more (that means even lower monthly payments).
And many dealers in the CULS network offer special incentives
exclusively for credit union members.
Lower payments, the
convenience of financing at the dealership, and incentives exclusively
for credit union members…CULS is a win-win-win proposition! Click here
for a list of participating dealers.
*Some exceptions apply based on member credit, amount financed, and other factors.
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Members Receive Great Discounts on GM Vehicles
Have you been thinking of buying a new set of wheels but have been putting it off? Time to take advantage of the Invest in America program and receive your GM Discount For Credit Union Members. As a member of our credit union, you can receive the GM Supplier Discount off of any new eligible vehicle.
This partnership with one of the Motor City’s Big Three automakers helps our members in two ways. One, the GM Discount For Credit Union Members can save you thousands of dollars, depending on which vehicle you purchase. Two, members can also save with the best loan rates in the market through the credit union. As an added bonus, you’ll be helping out the local economy by purchasing an American vehicle and financing it though your credit union. It’s a win-win for everyone!
To take part in this great discount, go to lovemycreditunion.org and select the GM Discount Program For Credit Union Members button; follow the prompts to find your eligible credit union, and print out your personal Authorization Number. Take that number to your local GM Dealer, and drive away happy in your new GM vehicle.
Go to lovemycreditunion.org to get your personal Authorization Number for great savings on a new GM vehicle today.
Members Receive Great Discounts on Chrysler, Dodge and Jeep Vehicles
Cruise to a smooth ride to savings! Chrysler and your credit union have teamed up to bring you a great deal on new Chrysler, Dodge and Jeep vehicles.
When you finance your auto loan through your credit union, you’ll receive a cash allowance of up to $1,000* depending on the model of the vehicle. Plus, the cash allowance can be added to most current incentives on specific models. And to make the deal even better, you’ll save even more money with our low auto loan rates. Talk to a credit union representative about financing your vehicle before you head to the dealer.
Getting a cash allowance couldn’t be easier. Just go to lovemycreditunion.org for complete details including a list of qualifying vehicles and incentives. To qualify for the Credit Union Member Cash program, simply let your Chrysler, Dodge or Jeep dealer know you are financing your new vehicle through your credit union.
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Visa Card: There are lots of credit cards to choose from. But
when you want one from people you know and trust, nothing rivals the
Visa card from your credit union. Take advantage of these privileges
that come with our Visa card. Competitive rates, credit lines up to
$25,000, 25-day grace periods on purchases, ATM access, Emergency
Roadside Assistance programs, and much more. Applying is quick and
easy. To apply by phone, call 1-888-415-6154, or apply on-line at www.mycucard.com.
Once approved, members can expect to have their cards within 8 to 10
business days. Members can also track their account balances, as well
as payment and purchase information on-line at www.myccinfo.com. To report a lost or stolen card, call 1-800-325-3678 or 1-800-322-8472.
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Vehicle Values On-Line: Members can get vehicle values on-line from the National Auto Dealers Association.
Notice: When you use the N.A.D.A web site you are linking to an alternate web site not operated by Leadco Community Credit Union. Therefore, Leadco Community Credit Union is not responsible for the content of the alternate web site. Leadco Community Credit Union does not represent either the third party or the member if the two enter into a transaction, and privacy and security policies may differ from those practiced by Leadco Community Credit Union.
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Vehicle History Reports: Before purchasing a used auto, check the history on the vehicle. CARFAX Vehicle History Reports confirms a vehicle's clean history or reveals potentially costly hidden problems: Salvage History, Odometer Fraud, Multiple Owners, Flood Damage, Major Accident Damage, Fire Damage. Members of Leadco Community Credit Union can receive a CARFAX history report for the discounted price of $14.99. This is a discount of $20.00 off the retail price of $34.99. To receive your CARFAX Vehicle History Report, call or stop by our offices and speak to one of our loan professionals.
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Rates & Terms
Underwriting Philosophy: No two
borrowers are alike. Each possesses a unique background and history.
We have also tried to tailor our lending program to match our members'
unique criteria. Our lending program allows us to charge different
members different loan rates, thereby more closely matching the
anticipated risks with appropriate interest rates. This type of
lending allows us to serve a much larger segment of our member base. A
single rate program, by its nature, relies on an average or "median"
rate: a rate high enough to cover expenses and losses, yet low enough
to remain competitive. This approach penalizes our low-risk members by
charging them rates higher than are warranted (i.e., average rates for
above-average borrowers). This approach also rewards our high-risk
members by offering them lower rates than are appropriate for their
higher risk levels. We feel our lending guidelines allow borrowers
with good credit to get great loan rates. And to our members who have
had some obstacles, we still offer very good loan rates that allow them
opportunities to re-establish good credit ratings. Below are some of
the great loan rates and terms available. Some restrictions apply;
call for more details. To estimate a payment, use the calculator below.
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Real Estate - First Mortgage: We offer Fixed and Variable Rate Mortgage loans. Our lending guidelines are very flexible. When it comes to making your home financing decision please compare our rates, terms, and closing costs. Buying or re-financing your home is a big decision. Deal with someone you know; call or stop by for more details.
Loan rates and terms may vary based on credit history and are subject to change.
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New Auto
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APR* starting at
|
Promotional rate* |
| 1-48 MO |
5.25% |
4.74% |
| 49-60 MO |
5.45% |
4.95% |
| 61-72 MO |
5.85% |
5.35% |
| 73-84 MO |
6.65% |
6.15% |
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| Used Auto |
APR* starting at |
Promotional rate* |
| 1-48 MO |
5.35% |
4.74% |
| 49-60 MO |
5.55% |
4.95% |
| 61-72 MO |
5.95% |
5.35% |
| 73-84 MO |
6.70% |
6.15% |
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Boat
|
APR* starting at
|
| 1-60 MO |
6.50%
|
| 61-72 MO |
7.10% |
73-84 MO
|
7.30% |
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| RV's |
APR* starting at |
| 1-60 MO |
6.65% |
61-72 MO
|
7.20%
|
73-84 MO
|
7.40% |
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Unsecured
|
APR* starting at
|
| 1-60 MO |
10.64%
|
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Fixed Equity Mortgage
|
APR* starting at Promotional rate* |
| 1-60 MO |
7.00% 6.50% |
61-120 MO
|
7.25% 6.75%
|
121-180 MO
|
7.50% 7.00% |
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Secured-Older
|
APR* starting at
|
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9.14% |
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APR = Annual Percentage Rate
Share Pledged
May finance up to ninety percent of share balance at 3.00% over our current General Share rate.
Special Share Pledged
May finance up to ninety percent of certificate balance at a rate equal to three percent greater than that being paid on the certificate. Rate may vary based on the term of the loan; see (Certificate Loans) above.
Fixed Rate Equity Mortgages - Second Mortgage
Maximum term
|
Maximum Amount
|
LTV Ratio |
60 Months
|
$100,000 |
up to 90% |
120 Months
|
$100,000 |
up to 90% |
| 180 Months |
$100,000
|
up to 90% |
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