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SCCU is here for you!!!
Shelby County Credit Union adopted risk-based pricing in September 1999. This
enabled us to become the lender of choice to all members by offering the best
possible rate based upon each individual's credit history.
From Credit Cards to Home Loans...we've got what you need!
VISA
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SCCU's own County Classic VISA card offers credit limits to $10,000 |
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Low minimum payments |
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No Annual Fee |
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25 day grace period, and |
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best of all, a low annual percentage rate |
Information on Credit Card Management
New and Used Autos, Boats, RVs, and Motorcycles
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Highly competitive rates |
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100% financing (including tax, title, and tags) |
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A wide range of payment plans to fit most any budget with terms up to 6 years |
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No prepayment penalty - you pay interest only on the outstanding balance |
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Convenience of payroll deduction or automatic transfer from any of your other credit union accounts |
Thinking of Buying a New Car?...Click Here
Prefer to Buy a Used Car?...Click Here
(Been surfing the web to purchase a vehicle? One informative site is the National Highway traffic Safety Administration at www.nhtsa.dot.gov, which provides information about vehicle safety and proper installation of child safety seats. If you are buying a used auto, check out www.carfax4cu.com where you can check the title on a used car to avoid costly or dangerous problems from flood damage, odometer fraud, or salvage.)
Share Secured Loans
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A safe and smart way to borrow. |
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Use your own money to secure a loan for any purpose at a rate that is only 3 percentage points higher than the dividend rate your are earning, maximum term is 5 years. |
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You must maintain a balance in your share account equal to the balance of your share secured loan. |
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As you repay, the loan balance gets smaller, requiring fewer shares to be pledged as collateral - making more shares available to you. |
Share Certificate Loan
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Put your money to work while continuing to earn the highest rate of return. |
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Use your share certificate as collateral on a low interest loan while continuing to earn the higher yielding dividends. |
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Interest rate for the loan is 3 percentage points above the dividend rate on the certificate, maximum repayment term is 5 years. |
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At maturity of the share certificate, you may pay the loan in full or renew the certificate and refinance the loan at 3% higher than the new certificate rate. |
Home Equity Line of Credit
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Financing up to 80% of your home's appraised value less any mortgage holder. |
We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.
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This loan also utilizes the equity in your home but is a variable rate mortgage. |
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The current interest rate is Prime + 1.5.
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You may obtain advances for 7 years with a maximum repayment of 10 years. |
Personal Loans, Signature, Appliance, Signature Line of Credit, Co-Maker
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Loans for just about anything!!! |
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Unsecured loans with limits up to twice your gross monthly income. |
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Maximum term 36 months. |
*Only Credit Union members are eligible for loans. The amount a member may borrow depends on the credit rating qualifications and guidelines established by the Board of Directors.
*In most instances, the interest rates on Credit Union loans are lower than rates charged by other financial institutions. Compare the cost of a Credit Union loan to the total cost of other financing. There are no hidden cost or early payment penalties.
*A member wishing to borrow must complete a loan application, which provides some of the information on which our loan officers base their decisions. Loan applications are available by calling or visiting the Main or Branch office.
*The loan repayment period is based on the type of loan obtained and the collateral offered. Interest is computed daily on the unpaid balance. The amount of interest due when a payment is made depends on the number of days from the date of the loan or from the date of the last payment. Repayment through payroll deduction is encouraged and there is no pre-payment penalty.
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