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Loan Products
AgFirst Federal Credit Union (AgFirst FCU) strives to offer a variety of loan products that will help its members obtain loans at reasonable rates and in most cases reward those members who fully utilize our products and services with even better rates. We seek to help as many members as possible while maintaining a quality loan portfolio. We recognize that some members may have less than perfect credit histories, and may be paying higher rates to obtain credit with other lenders. AgFirst FCU understands the importance of managed risk, and we feel that we may be able to offer better rates to these members through our Reflective Loan Pricing Program (“RLP”) program. This allows them to save money while rebuilding their credit. Members with good credit are rewarded with lower rates. Click on the desired loan product for more information. AgFirst FCU offers the following loan products: First Mortgages (through HomeOwners Mortgage) The following loan products are offered under our RLP Program: Auto/Truck Loan Products – Brief Summaries AgFirst FCU has an affiliation with HomeOwners Mortgage Enterprises, Inc. to provide first mortgage loans to our members. To learn more about the mortgage process and apply for a loan on line, just click on the “Online 1st Mortgages” button on our home page. Please note that loans made under this program will not be held or serviced by AgFirst FCU and, therefore, will not be eligible for any interest refunds should the Board of Directors declare such refunds at year end.
The interest rate may change quarterly based on the change in the Wall Street Journal Prime Rate. A change in the Interest rate may result in either an increase or decrease in your monthly payment. Available on new or used vehicles. Vehicles over ten model years old or with mileage in excess of 120,000 miles are not eligible for financing. Pre-approvals are encouraged before shopping for that special vehicle. Boats, Motors & Trailer Loans Motorcycles/ATV Loans New or used. Small tractors, riding mowers, horse trailers, etc. that are for personal use only. For the “new” rate to apply, the vehicle must never have been used. New or used. For the “new” rate to apply, the vehicle must never have been used or titled. Small loans up to $2,500.00 are available for that special vacation or Christmas. Only one Christmas/vacation or special personal loan per member. Loans up to $2,500.00 available to meet any of your short term needs. Only one special personal or Christmas/vacation loan per member. Your share account may be used as collateral for a share secured loan. The balance in the share account must remain equal to or be greater than the loan balance plus interest due for the life of the loan. An AgFirst FCU Term Share Certificate may be used as collateral for a loan. The loan must be totally secured by the certificate account to be considered a certificate secured loan. The balance in the certificate account must remain equal to or greater than the loan balance plus interest due for the life of the loan. Our overdraft protection is a line of credit your checking account can draw against to pay checks when funds are not currently available in your checking account. Overdraft protection may eliminate NSF and returned check charges arising from a checkbook error. Personal loans are available for amounts greater than those offered under the special personal loans but are at higher rates.
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