The Credit Union offers a variety of loans to meet your individual
financial needs.
Credit
Line
You can use a revolving line of credit for vacations, home decorating,
computers, or even to pay off higher rate credit cards. It also
provides overdraft coverage for your Star One Checking Account.
The maximum line is $50,000 and the minimum line is $1,000. The
interest rate on quarterly variable rate loans is determined by
an index. This index is the thirteen-week average auction rate of
the 26-week Treasury Bills, rounded to the nearest quarter of a
percentage point. The interest rate is calculated by adding a six
percentage point margin to the index. If you would like to apply
for a Credit Line, please complete an
application.
To view the Personal Credit Line Loan Agreement,
click
here.
Personal
Loans
Fixed rate loans that can be used for any purpose. Members sometimes
choose this loan for a particular purchase or a debt that they wish
to pay in a specific period of time. The maximum loan is $50,000
and the minimum loan is $100 with a maximum term of 4 years. Complete
an
application
and you will hear back from us within two business days.
| Important note: The maximum loan amount any individual member may borrow for Lines of Credit, Personal Loans, and Visa Credit Cards combined is $50,000. |
Savings
Secured Loans
Variable rate loans secured by the member's savings. Maximum loan up
to 100 percent of the member's savings, less $50. The maximum term
is 7 years, or a one-year lump sum payment.
Contact
us and you will hear back from us within two business days.
Disaster
Loan
Fixed rate loans available to pay for losses or expenses resulting
from a disaster. To qualify, the emergency must be declared a disaster
by a state governor or the President of the United States. The maximum
loan is $25,000, the minimum loan is $100 with a maximum term of
7 years.
Contact
us and you will hear back from us within two business days.
Be sure to use our
Loan
Calculator to figure your loan payments.
