Credit Card
What is the cost for the business rewards and business Mastercard per year?
No annual fee
To find the amount of equity you currently have in your house, you subtract this remaining number from your home's current market value.
Mortgage balance
This type of loan uses funds in a member's savings account as collateral.
What is the loan term for a Budget Fit Loan?
6-24 months
An auto loan discount is offered when you have this additional product with STCU.
STCU Credit Card
What do Premier Reward cardholders with more than 5 cards pay?
$15.00 annual fee per card
If you fail to make payments on your home equity loan or HELOC, the lender has the right to take your house through this legal process.
Foreclosure
This STCU loan uses a certificate account as collateral while allowing the member to keep their certificate.
Certificate (CD) Secured Loan
Who is a Budget Fit loan designed for?
Underserved members needing small dollar loan amount to help with a budget shortfall. (Ex: poor credit history, high DTI, stuck in Payday Loan cycle)
An indirect auto loan is where members apply for financing at ______.
Dealership
What is complimentary annual membership (with $35.00 visit fee) for Premier and Reward cardholders?
Priority Pass
Standing for a common type of revolving credit line, this acronym lets you borrow money as needed up to a certain limit using your home's equity.
Unlike an unsecured personal loan, this type of personal loan requires collateral to help secure repayment.
Secured Loan
This loan has a rate of _____ for all members but will reduce the credit fit rate once the loan balance pays down to or below the amount frozen in the standard savings.
18%
A member wants to lower their monthly car payments from another FI, a possible suggestion is to ____ the loan with STCU.
Refinance
How much can you earn on all purchases with an STCU Business Premier Card?
2X the points
This federal consumer right gives borrowers a 3-day window to cancel a home equity loan or refinancing agreement after signing.
The Right of Rescission
Members often use this type of secured loan to build or rebuild their credit while keeping their savings intact.
Shared Secured Loan (accepted answer: Share/CD Secured Loan)
What percentage of the funds are frozen in a standard savings account?
50%, leaving the other 50% to be used by the member.
A member comes in wanting $10,000 cash for a camper they are purchasing. At STCU, we can offer them ____ loan so they can save their cash.
RV Loan
What is the dollar amount for cell phone protection offered on the consume Premier and Rewards Card?
Up to $600.00
The length of time you have to draw on a HELOC
10 years
In a Share or CD Secured loan, the savings or certificate serves as______.
Collateral
What is the Budget Fit loan dollar amount range?
$500 to $2,000
True or False: Auto/RV loans always require a down payment.
False