Other Loans
We offer loans for more than just cars and homes!
Collateral Loans
- Any loan that is secured by personal property, such as tractors, ATVs, personal watercrafts and snowmobiles.
- May finance up to 100% of Collateral Value PLUS Sales Tax
Requirements
- Must provide a copy of the purchase agreement
- If you are purchasing from an individual then you must submit an appraisal indicating the value
- of the collateral along with a copy of the title (if applicable)
- Must maintain full insurance coverage on the collateral with ServU listed as the lien holder
Home Improvement Loan
Put on a new addition or fix that leaky roof. Invest in more insulation or add a new heating and cooling system. Replace faded siding and inefficient windows. Get that new garage, deck, or porch and re-invest in your home with a Home Improvement Loan.
Home Improvement Loans are available for up to $20,000 per member.
- Proceeds of the loan must be used for home improvements
- Member must be a homeowner
- The Home Improvement Loan is an unsecured loan. A lien WILL NOT be placed against the property.
- New money only
Share Secured Loans
Are you a first-time borrower? Are you looking to re-establish your credit? Do you want/need to make a purchase, but don't want to deplete your savings?
With a share secured loan, you can borrow against your ServU savings account. We will hold the amount that you borrow and as you pay it back, the funds become available. Plus, you will continue to earn dividends on your savings account, thus reducing your loan rate. At the end of the loan you have not only what you purchased, but also the funds in your account!
- Quick approval and processing
- Allows you to maintain your savings account with the Credit Union
- Continue to earn dividends on your savings account
- Low Rates Available
Collateral Loan Rates
Collateral Loan Rates
Any loan secured by personal property (excluding autos)
| Term | APR* |
|---|---|
| 0-60 mo | 7.49% |
| 61-84 mo | 8.24% |
| 85-120 mo | 8.99% |
Financing up to 100% of the appraised value of collateral plus sales tax. Requirement: Provide a copy of the purchase agreement If you are purchasing from an individual then you must submit an appraisal indicating the value of the collateral along with a copy of the title (if applicable). Must maintain full insurance coverage on the collateral with ServU listed as the lien holder. * APR = Annual Percentage Rate. Example: A $10,000 Collateral loan at 7.49% APR would have 60 monthly payments of $200.31. Insurances not included in this payment example. | |
Home Improvement Loan Rates
Home Improvement Loan Rates
| Limits | Term | APR* |
|---|---|---|
| Borrow up to $20,000 | 0-36 mo | 7.99% |
| Borrow up to $20,000 | 37-60 mo | 8.24% |
| Borrow up to $20,000 | 61-84 mo | 8.99% |
| Borrow up to $20,000 | 85-120 mo | 8.99% |
Learn more about Home Improvement Loans Unsecured funds available for home improvements - new money only. Example: A $10,000 Home Improvement loan at 8.24% APR would have 60 monthly payments of $203.89. Insurances not included in this payment example. | ||
Home Improvement Plus Loan Rates
| Product | Term | APR* |
|---|---|---|
| Borrow up to $20,000 | 0-36 mo | 7.99% |
| Borrow up to $20,000 | 37-60 mo | 8.24% |
| Borrow up to $20,000 | 61-84 mo | 8.99% |
| Borrow up to $20,000 | 85-120 mo | 8.99% |
Unsecured funds available for home improvements - new money only. Requirements:
The Home Improvement Loan is an unsecured loan. A lien WILL NOT be placed against the property. Total amount of Home Improvement and Home Improvement Plus cannot exceed $20,000. Example: A $10,000 Home Improvement Plus loan at 8.24% APR would have 60 monthly payments of $203.89. Insurances not included in this payment example. | ||
Shared Secured Loan Rates
Shared Secured Loan Rates
Any loan secured by an equal amount in a share account
| Term | APR* |
|---|---|
| 0-36 mo | 3.74% |
| 37-60 mo | 4.24% |
| 61-84 mo | 4.74% |
Example: A $10,000 Share-Secured loan at 3.74% APR would have 36 monthly payments of $294.07. Insurances not included in this payment example. | |
Discover the better option between loans
In addition to the calculated monthly payments, annual percentage rate (APR) offers a good apples-to-apples comparison between loans. APR takes into account the varying discount points, closing costs and fees that are typically added into the loan amount and financed over the term of the loan. If the fees are paid "out-of-pocket" then the APR will be the same as the stated interest rate. Use this calculator to help determine the best loan option for you.
