Loans

 Loans

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. Click on the Rates tab above to see the great loan rates and terms available. Some restrictions apply; call for more details. 

We offers loans for many purposes: 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 autos and trucks that list for more than $25,000. Some restrictions apply; call for more details. 

180 Month Financing: We have financing available up to 15 years on some recreational vehicles. 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 On-line: Members can apply for loans online through our secure loan application server. 

Skip A Payment: Budgets can get stretched with vacations, back to school expenses, Christmas, property taxes and on and on. If things get tight give yourself a break with Skip A Payment. For only $25 you can skip your next monthly payment. Restrictions do apply, click here for complete details on Skip A Payment.

Remote Loan Closing:  Closing your Leadco loan just got easier! Members can now close their loan when and where they want. Leadco has teamed with Docusign to offer secure off site loan closing. Some conditions apply. Ask one of our loan professionals for more information.

 Mortgage Loans

Leadco members can finance their primary home through our mortgage lending partner Mortgage Solutions. Mortgage Solutions is a credit union owned lending service offering extremely competitive rates and low closing costs. Click on the “Mortgage Solutions” link to check current rates, start an application and much more. Loan closings can be scheduled when and where you like.

Are you ready for your first home? Click Here To Apply.

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.

VISA Cards

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.

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 $25.  This is a discount of $14.99 off the retail price of $39.99.  To receive your CARFAX Vehicle History Report, call or stop by our offices and speak to one of our loan professionals.