Loans available to members:
With our loans, there are no hidden costs and no pre-payment penalties. Payroll deduction and direct deposit are available for easy payments. In order to quality for a loan, members must be in good standing (minimum of $5 in a regular Share Savings Account).
Approvals are based on credit history, down payment, and whether or not payments are in line with income and financial obligations.
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Co-maker Loans
The Co-maker loan offers the flexibility of a signature loan with more favorable rates and terms. Both the applicant and co-maker must qualify for the loan under the lending policies of the credit union.
Second Mortgages and Home Equity Lines of Credit
Let the value you have built up in your home work for you. We can offer you fixed rate loans with a payback over 3, 5 or 10 years. In addition, we now offer a variable rate line of credit loan. This loan will allow you to take advances from your loan when it is convenient for you. Loans can be up to 90% loan to value, but our best rates are at the 80% loan to value level. Our current rates are posted under the rate section of our web site. For further information, please call us at (414) 481-6220.
Line of Credit (LOC) Loans
- Kwik Cash:
This is an unsecured line of credit loan that allows you to make loan advances without reapplying for a new loan whenever you need additional funds.
- Real Estate Advance Program (REAP):
This is a secured line of credit loan that uses your house as collateral. Interest rates on REAP loans are adjustable and may change monthly. Minimum monthly payments for REAP loans are based upon the outstanding balance after the most recent advance. Payments will not be reduced upon principal reductions. REAP lines of credit may be terminated due to delinquency, default, or breach of contract. The minimum monthly payment will be 1.50% of the outstanding balance.
Master Card Credit
The Ladish Community Credit Union MasterCard offers favorable rates and a 25 day grace period for repayment of balances. Ask us for an application.
Mortgages
Ladish Community Credit Union, offers competitive mortgages for your home purchase, refinance, or new construction. Refinance your existing First Mortgage Loan with a special 10 year offering. These loans are available from $5,000 to $100,000. The initial qualification requires your home to have a Loan to Value of at least 50%. The Loan to Value is defined as the outstanding First Mortgage plus the amount of any Home Equity Loan divided by the determined value of the home. For further information, please call us at (414) 481-6220.
Shared Secured Loans:
This is an excellent way to establish a credit history. The balance in your share saving account at Ladish Community Credit Union is used to secure your loan. The available balance in your share savings will be released as you pay off the loan. The loan rate is 3.00% greater than the present shared savings rate.
Vehicle Loans
If you are shopping for a new or used car, RV, van, truck, boat, or motorcycle, you can get a pre-approved loan to make dealing easier. Stop in or call and we'll help you determine your down payment, the loan amount, and the size and number of payments.We also can help you determine a fair price for new or used automobiles to help you negotiate a fair contract with the dealer.You can also go to www.kbb.com to obtain vehicle pricing information.
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