Loan Qualifications
Credit Union membership for thirty (30) days and generally a minimum of six (6) months of employment are required to qualify for a loan.
Applicants reviewed and qualified based upon:
- Credit history and credit score; current within two (2) months
- Collateral
- Debt to Asset Ratio – recorded on loan worksheet
- Work history and proof of income
- Credit Union experience
Each application will provide a complete package of information as it pertains to identity, membership, purpose, and capacity of each applicant. Each application will be deemed complete if meeting the above criteria, verified by the Credit Union loan checklist.