Consumer Loans
How can a member apply for a consumer loan?
What is phone, in branch and online
What is the repayment penalties?
What is none?
What is the maximum loan amount for the Personal Line of Credit (LOC)?
What is $15,000
Who is the loan provider for APCU Center Parc Credit Union?
What is Sallie Mae?
What is the term for most mortgages?
Up to 30 years
What are the 3 payment options available to our members?
what is Phone, mail,in person, key teller, online banking, mobile app, branch and shared branch
What is the age range a youth can apply for a loan with a parent or guardian?
What is 15-17 years old
What are the 2 types of secured loans that we offer?
CD and Share Secured Loans
What two types of Education loans do we offer?
What is Parent Loan and Smart Option Student Loan
What are the 3 ways someone can be eligible for a VA Loan?
American veterans, currently serving in the U.S military, Reservists and eiligible surviving spouses to purchases or refinance a home
What consumer loan allows our members to finance vehicles such as a boat, motorcycle, etc?
What is a Recreational Vehicle loan
What is the maximum amount for a personal loans?
What is $50,000
What is a Collateral Loan?
A collateral loan is a form of debt backed by an asset such as a home or car.
What are the 3 individuals who can apply for the Parent Loan for the student?
What are parents, grandparents, aunts, uncles, spouses, and guardians?
What is placed on the property for a mortgage as collateral for the loan?
What is a lien
How long does the member have to repay their loans?
What is up to 84 months
What is the minimum payment for a youth personal loans?
What is $9
What is the maximum amount of active loans you can have totaling the max amount for Buy Now, Pay Later?
What is 3 active loans totalling $2,500
What is the minimum amount you can borrow?
What is $1000.00
What is the term of the Advantage HELOC?
What is 25 years.
What is the loan amount terms based on?
What is based on creditworthiness, consumer value, and income?
Documents required for a personal loan?
What is an application, credit report, record of creitworthiness analysis, and other documents as needed.
What is the opt-in fee for the Buy Now, Pay later (BNPL)?
What is $5
What must the borrower and co-signer enroll in through Sallie Mae?
What is auto debit?
What mortgage offers a low, fixed interest rate for up to 15 years and then adjusts to the market rate for the repayment period?
Adjustable-Rate Mortgage (ARM)