The Credit Union will consider loan applications from members for any worthwhile purpose. Each application is treated in the utmost confidence and will be considered based on;
- Its own merits
- The member’s shares
- Their past history
- Other financial commitments
- Ability to repay in a reasonable period of time
- Existing loan balance (if applicable)
It is credit union policy to meet the borrowing requirements of as many members as possible, depending on the available funds.
Applications for loans are made on a standard loan application form. Loans can be applied for by calling to our office, by telephone or via the members section of the web site. Our staff will give you any assistance required. Loans will then be considered by a Loan Officer, or will go to the Credit Committee, who meet once a week.
Remember – only members are eligible to receive loans from your credit union
Loan Applications will not be taken 30 minutes before close of business