Loans

We provide a variety of low-interest loans to meet your needs. While our competitors may try to match our low loan rates, no one can match the personal attention you'll receive at C&R Credit Union!


C&R Loan Application

Download a printable PDF Loanliner Application PDF


Loan Rates

Effective January 1, 2018

LOAN DESCRIPTION APR DAILY RATE
SHARE SECURED LOANS 3.00% ABOVE CURRENT SHARE RATE
SHARE CERTIFICATE SECURED LOANS 3.00% ABOVE CURRENT CD RATE
CHRISTMAS LOANS 10.00% LIMIT - $1,000.00
BACK TO SCHOOL LOANS 10.00% LIMIT - $1,000.00
COLLATERALIZED LOANS BASE 6.00% .016439%
Collateral Age
New Vehicle - 2018 -1.00% -.00274%
Used Vehicle 2017 and newer 0.00%
2009 to 2016 +1.00% +.00274%
2008 & older +2.00% +.00548%
Credit Score
A 750 & higher -1.50% -.00411%
B 700 - 749 0.00%
C 650 - 699 +1.00% +.00274%
D 600 - 649 +3.00% +.00822%
E 550 - 599 or no score +6.00% +.01644%
Automatic Payments -.50% -.00137%
UNSECURED LOANS APR DAILY RATE
Credit Score Limit
A 750 & higher $5,000.00 11.00% .030137%
B 700 - 749 $4,500.00 12.00% .032877%
C 650 - 699 $3,000.00 13.00% .035616%
D 600 - 649 $1,500.00 14.00% .038356%
E 550 - 599 $1,000.00 15.00% .041096%
No Score $500.00 15.00% .041096%
Length of Employment
3 - 4 years -0.25% -.00068%
5 - 9 years -0.50% -.00137%
10 - 14 years   -0.75% -.00205%
15 years & over -1.00% -.00274%

Signature Line-of-Credit - rates as stated above - lines will be reviewed bi-annually - rate may be adjusted at renewal


Repayment terms from 12 to 36 months

REQUESTS OVER CU POLICY TERM: Available to individuals with credit score above 650

APR DAILY RATE
Up to 6 months over ......... +025%, +.00068%
7 to 12 months over .......... +0.50%, +.00137%
13 to 18 months over ........ +0.75%, +.00205%
19 to 24 months over ........ +1.00%, +.00274%


FILING FEE: YOU WILL BE CHARGED A FILING FEE OF $20.00 DUE WHEN THE LOAN APPLICATION IS RECEIVED.

COLLECTION COST: YOU PROMISE TO PAY ALL COSTS OF COLLECTING THE AMOUNT YOU OWE UNDER THIS AGREEMENT, INCLUDING COURT COSTS AND REASONABLE ATTORNEY FEES

LATE PAYMENT FEE: AFTER A 10 DAY GRACE PERIOD, ALL LOANS WILL BE CHARGED A LATE PAYMENT FEE OF $10.00 PER MONTH.