Loans

To be eligible for a loan at CN/IC Employees Credit Union, you must be

  • A member of the credit union

  • Over 18* years of age (Share Secured Loans available for 16 & 17 year olds to help them learn about finances.)

  • Have sufficient income to repay the loan

  • Meet our debt to income ratio requirements

  • Meet other qualifications as required by each type of loan.

Whatever you needs, we’ve got a loan that is sure to fit the bill!  We offer unsecured loans from $250 to $12,000 with a low APR (annual percentage rate) based on your credit score, credit history and ability to repay the loan.  We also have share or certificate loans as well as all many types of collateral loans available.  And don’t forget to check out our current loan specials!

Personal Loans

If you’re ready to tackle home repairs, pay off a high interest credit card,  consolidate bills or buy new furniture for your home, then a CN/ICECU Personal Loan can help!   Don’t put your project off another day!

  • From $250 to $12,000.00

  • Terms up to 60 Months

  • Low, fixed interest rates

  • Credit Life and Credit Disability Insurance available

  • Rate based on your credit score

  • Low monthly payments

Share Secured or Certificate Secured Loans

Now you can get a loan at an extremely low rate using your CN/IC ECU share or certificate account as collateral.  This is an ideal way to keep you savings intact while earning dividends on your money and still be able to pay for those big life events like weddings or college educations! As you pay down your loan, the ‘pledged’ amount in your share or certificate account is released back into your available funds.

  • Terms up to 120 months

  • Low monthly payments

  • Fixed rate equals the current dividend rate plus 4.00% on Share secured Loans

  • Fixed rate equals the current dividend rate plus 3.00% on Certificate secured Loans

Overdraft Protection Loans

A $500.00 line-of-credit loan connected to your  Draft (Checking) Account that will cover a check or payment request if your account runs short of funds (subject to available funds).

  • Low monthly minimum payment of $50.00

  • 16% APR* plus $2.00 per transaction fee.

  • Avoid overdrafts and have peace of mind!

Visa Credit Card

We offer low interest Visa credit cards.  If you are late on a payment, the interest rate does not jump through the roof for the rest of the life of your card!  It stays the same, but you will be charged a late fee for that month.

  • 14.9% APR* with NO annual fee

Make your payments via mail, online or through the credit union.

Collateral Loans

Whether you are looking for a low-cost pre-owned vehicle or the latest model off the showroom floor, we can help with your next auto purchase.  Ready to invest in that Recreational Vehicle, Boat or ATV!  Or maybe you need a tractor or other piece of lawn equipment.  And with the gas prices these days, everyone wants a motorcycle to save on fuel costs!  We can help with these too!  We offer great rates and terms that fit most budgets.

  • No Application Fees

  • Terms from 12 to 60 months on used vehicles

  • Terms up to 72 months on new vehicles valued at $20,000 up

  • Terms up to 84 months on vehicles valued over $40,000**

  • New vehicles financed at cost plus tax and license

  • Used vehicle financing based on NADA average retail value

  • Gap Insurance Available Below Dealer Price

  • Credit Life and Credit Disability Insurance Available!

*Annual Percentage Rates (APRs). Certain restrictions may apply.

**With Exceptional Credit