Loans

Members have access to affordable financial products including low cost loans.  We offer a variety of loans to accommodate your needs.  Vehicle, Motorcycle, Personal, and Share Secured loans do not have application or documentation fees.  Ask us about refinancing your existing loans with another institution.  Visit our rates page for current loan rates, then complete and submit your loan application online.  All loans are subject to credit approval.  Check out Current News for any promotions by clicking here.  To learn more about loans scroll down the page.

Pre-Approved Loans
Before you shop for you next vehicle, STOP!  Get a Pre-Approved Loan Commitment Card from your CrossRoads Loan Experts, Paula, Susie, Sandy, or Sharon.  The card that can save you time and money -- it's worth $25 to you!

Vehicle LoansNew or used - Vehicle Loans include auto, truck, and motorcycles.  Pre-approval is available and welcomed.

Get a Pre-Approved loan before you go shopping.  You will know the amount you are approved for and get a special card to show the dealer as you shop for the right Vehicle!

BIG BUY
Shopping for something BIG?  Like a big screen TV, appliances, carpet, furniture, horse trailer, SeaDoo, boat, or garden tractor?  Get the money you need at CrossRoads with Big Buy! 
Enjoy...
1. Convenience
2. No payment for 90 Days**
3. Choose your payment option
4. Write your own check
**Interest accrues during 90 day period

Personal Loans
Up to $10,000.
Rate and term based upon credit score.

Share Secured Loans
Members pledge their share savings account or share certificate as collateral and a freeze is placed on those funds.  Rates vary depending on type of share used.

Draftline Loans
A revolving line of credit providing protection against share draft/checking overdraft.  Approved members receive a $500 or $1,000 limit.  Minimum monthly payments of $20 are automatically deducted on the 4th Friday or you may set a desired payment. 

Visa
Consider the advantages of a Credit Union Preferred or Classic Card.  The Preferred card offers two low fixed interest rates for members with excellent credit scores.  The classic card offers a competitive rate with a low annual fee.  Share pledged Visa cards are available for members with poor credit scores. 

Home Equity Line of Credit (HELOC) Loans
The credit union may loan up to 90% of the equity in your home at a variable interest rate based on prime rate as published in the "Wall Street Journal".  The loan is secured by a mortgage lien on your home, which must be owner occupied residential real estate.  Closing costs will be paid by the credit union. 
A HELOC is a smart way to consolidate debts or finance almost anything - vehicle, education, home improvement, or a vacation.  A Mortgage exemption may save you money on your property taxes and the interest may be tax deductible.  Consult your tax advisor.  

Home Mortgage Loans
The credit union offers a fixed rate loan for 80% of appraised value with flexible terms.  The real estate must be owner occupied and a single family dwelling for the members' personal use.


Mortgage Questions
Contact the loan department at 260-726-2142 ext. 24 or ext. 25 for any mortgage question or for more information.  You can also email Paula or Susie.

Payment Information
Automatic payments may be made through payroll deduction, direct deposit, or from your share savings or share/draft checking account.  You may make payments in person, by mail, with Sybil, or on perfect teller.  Payments can be scheduled on a weekly, biweekly, or monthly schedule to accommodate your needs. 

Loan Features
N.A.D.A. Vehicle Values
Vehicles, Boats, and Motorcycles retail values can be obtained through our loan department.  Questions call 260-726-2142.

Credit Life/Disability Insurance
Protect yourself.  Insurance available for member purchase when they sign loan documents.  Provides loan payment protection in case of death or disability.

Guaranteed Auto Protection Insurance (GAP)
Protection available for purchase when you apply for a vehicle loan.  GAP protects you in case of an accident when your vehicle is totaled.  Once your auto insurance pays the claim, GAP will pay off any remaining loan balance.  It also provides $1,000 when you finance your replacement vehicle at CrossRoads Financial Federal Credit Union.