Sig Plus Collateral
What age of collateral would be considered Sig Plus Collateral?
Collateral that is older than 8 model years
2017 or older
What age of collateral is considered Used Auto?
Are boats eligible for Sig Plus Collateral?
Yes
What is the maximum loan amount for Signature Loans?
$20,000 per request, $30,000 unsecured aggregate
What are the 3 types of credit card products offered?
Platinum
Starter Card
Share Secured
What is the maximum term for Sig Plus Collateral?
60 months
Current or previous model year
Can a member live on a financed boat as their primary residence? And if so, what are the requirements?
No, we do not finance boats used as primary residence
What is the grace period for Signature Loans?
15 Days
What is the cash advance/balance transfer limit on credit cards?
30% of limit
What is the maximum LTV guideline for Sig Plus Collateral?
100%LTV is the guideline
What is the maximum loan amount for auto loans?
$200,000
What is the UCC-1 filing fee for boat loans?
$35 for Individual
$38 for Joint Owners
Can a member have a Signature Loan and a Personal Line of Credit at the same time?
Yes, up to $30,000 aggregate
What is the credit limit range for Share Secured Credit Card?
$500 - $5000
Is Sig Plus Collateral eligible for GAP?
No
Loan amount must be $25,000 or higher
Current or 3 prior model years
Interest rate increases .75
What is the maximum loan amount for Boat Product?
$400,000
How is the payment calculated on a PLOC?
Payment amount is 3% of the balance calculated at time of advance with a $15.00 minimum payment
What comment is required in credit card application notes when changing card types?
Member accepts fixed to variable rate visa.
Member requests change from rewards to cash back.
Is Sig Plus Collateral eligible for MRC?
Yes MRC may be available
What qualifies for 90 days to first payment promo?
New and Used auto purchases and refinances from another institution are eligible to have the first due date deferred for up to 90 days
What is the maximum loan amount for Jet Ski Product?
$35,000
How do payment amounts change on a PLOC?
Payment amount does not change unless an additional advance is made. Payment amount is updated immediately in SunNet after an advance or readvance is made.
What states are we unable to offer credit cards to our members and why?
We are unable to offer variable credit cards or new credit cards to members residing in Puerto Rico, Colorado or Iowa.
This restriction ensures compliance with applicable lending regulations in those jurisdictions.