Loans

UCU offers a variety of loan programs to meet your needs. We offer a quick approval process and flexible terms that make repayment easy.  Our Home Equity Line of Credit and new loan rates were established to compete with, and often beat those that are found in other financial institutions.

Kwik Cash Loans

Some things in life just can’t wait, you need them now. Other things could wait, but you can’t. You want them now. In either case, when you are in the need of quick and easy cash for those immediate purchases-count on a UCU Kwik Cash loan, with no hassles, no headaches, in no time at all.

  • Loan Amounts $100 – $5,000
  • Variable rate is 4.5% APR over the prime rate, as periodically published in the Wall Street Journal.
  • Minimum Payment of $20 per month or $4 per $100, whichever is greater
  • 2nd Qtr 2017 A.P.R. – 8.25%

Home Equity Line of Credit

  • Variable loan rate indexed to the Prime Rate – Currently at 3.75% A.P.R. The maximum annual percentage rate that can apply is 18%.
  • The minimum monthly payment will increase or decrease in relationship to the quarterly adjusted annual percentage rate.
  • Available to qualified members for up to 80% of the home’s equity.
  • May qualify for no closing costs.
  • Credit lines up to $ 100,000.
  • Interest may be tax deductible (consult your tax advisor).
  • Available on properties in Wisconsin only.

New and Used Vehicle Loans

  • Available to qualified members for financing of new and used titled vehicles. Vehicles include automobiles, boats/motors/trailers and recreational vehicles, which typically requires a title and registration with the State.
  • Loan terms and rates are dependent upon amount borrowed.
  • Loan protection insurance is available on a member-pay basis.
  • The loan rates listed below were established to compete with current rates found in the financial markets.
New/Used Vehicle Loan Amounts $300 – $40,000
Loan Term Annual Percentage Rate Payment per $1,000 Borrowed
24 Months 2.00% $42.54
36 Months 2.50% $28.86
48 Months 2.75% $22.03
60 Months 2.99% $17.96
72 Months 3.50% $15.42

*Loan protection insurance is available with a $30,000 limit

**72 months term available for new vehicles only.

Share Secured Loans

  • Available to qualified members for loans secured by member’s share account.
  • Rates and terms are dependent upon loan amount borrowed.
  • Loan protection insurance is available on a member-pay basis.
  • The loan rates listed below were established to compete with current rates found in the financial markets.
Share Secured Loan Amounts $300 – $40,000
Loan Term Annual Percentage Rate Payment per $1,000 Borrowed
24 Months 2.00% $42.54
36 Months 2.50% $28.86
48 Months 2.75% $22.03
60 Months 2.99% $17.96
72 Months 3.50% $15.42

Used Vehicle and Other Secured Loans Requirements

  • Available to qualified members for financing of used, pre-owned vehicles, or loans collateralized by other forms of property.
  • Collateral is limited to three items per loan and must support the balance throughout the loan term.
  • Loan terms and rates are dependent upon amount borrowed.
  • Loan protection insurance is available on a member-pay basis.
  • The loan rates listed above were established to compete with current rates found in the financial markets.