A $200.00 PLEDGE IS REQUIRED FOR ALL SIGNATURE AND SCU SELECT LOANS. MEMBER SHARE BALANCES MUST BE AT LEAST $205.00. ($5.00 REQUIRED SHARE AMOUNT PLUS $200.00 PLEDGE TOWARDS LOAN)
Signature Loan – A quick and easy way to borrow money without collateral. Terms are available from 12 months to 60 months. Maximum amount $10,000.00.
SCU Select Loan – A short term loan with a maximum of $2500.00. You select the reason, whether you are paying your taxes, consolidating debt or paying for automobile repairs. This is the loan you want. 7.99% for 18 months, Maximum $2500
New Vehicle Loans – 100% Financing (excluding tax and tags). Spojnia Credit Union will loan up to $50,000.00. Collateral – Car Title. The borrower must carry auto insurance against collision, fire, theft and comprehensive losses and the loss payee clause in favor of the Spojnia Credit Union. Terms up to 72 Months – Some restrictions apply. Take the rebates from the dealership and finance your vehicle with Spojnia Credit Union.
Used Auto Loans – Maximum amount – granted according to clean loan value listed in NADA Official Used Car Guide on vehicles 2016 or newer, limited terms. Collateral – Car Title. When a car title is used as collateral, the borrower must carry auto insurance against collision, fire, theft, and comprehensive losses and the loss payee clause in favor of the Spojnia Credit Union.
Share Secured Loans – You can make money and spend it too, with a Share Secured Loan. If you are considering withdrawing money from your share account to fund a purchase, think again. Why not borrow the money you need against your Share Account. You will get a great interest rate. Plus you can borrow up to five (5) years, and your money stays in the your account earning interest. As you pay down the loan, additional funds in your share account become available. Minimum $1000.00. Loan terms up to 60 months.
Collateral Loans – Spojnia Credit Union will loan up to $30,000.00. Terms up to 48 months. Collateral – equivalent to amount borrowed is necessary to secure this type of loan. It may be a car title whereby the lien can be recorded. Appropriate legal documents are required. When a car title is used as collateral, the borrower must carry auto insurance against collision, fire, theft, and comprehensive losses, and the loss payee clause, in favor of the Spojnia Credit Union.
Other Titled Property – Boats, ATVs, Motor Homes, Motorcycles. The certificate of title must list Spojnia Credit Union as lienholder. An insurance binder must be provided indicating Spojnia Credit Union as lienholder and adequate collision, comprehensive, and liability coverage. New recreational vehicle value is determined by purchase order or dealer invoice. Used recreational vehicle value is determined by using the appropriate NADA appraisal guide. Maximum $50,000.00.
Youth Credit Builder Loan – Spojnia Credit Union will extend credit to members at ages 16 and 17. A parent or guardian will be required to be a co-applicant. The youth must demonstrate the ability to repay the loan by providing proof of income sufficient to cover a monthly loan payment. In an effort to help our youth members establish credit and to promote good borrowing habits; there will be $25.00 required as security against the loan. A youth will be allowed to borrow against their shares provided that there are sufficient funds to borrow against. Maximum amount $1000.00.
Organization Signature Loan – Parishes and other non-profit associations associated with the Polish National Alliance (formally Polish National Union of America) or the Polish National Catholic Church who have membership with Spojnia Credit Union are eligible to apply for loan. Maximum amount is $49,999.99. Terms up to 15 years. Some restrictions apply.
Home Equity Loans – When you need to borrow money for any reason, the cash you need may be right in your own home. Use the funds to consolidate debt, make home improvements, go green, pay for a college education and more. Terms – 5, 7, 10 and 15 years. The maximum loan is not to exceed 85% of the appraised value minus any first mortgage balance. Spojnia Credit Union will only accept first or second mortgage position. $500.00 non-refundable application fee. No Closing Costs! No Appraisal Fees!
Spojnia Credit Union does loan to non-owner occupied property. Own a condo or vacation home? You are now able to borrow against that property. Some restrictions apply. Terms – 5, 7, 10 and 15 years. The maximum loan is not to exceed 75% of the appraised value minus any outstanding mortgage. Spojnia Credit Union will only accept first or second mortgage position. $500.00 non-refundable application fee. No Closing Costs! No Appraisal Fees!
Mastercard Credit Card
Spojnia Credit Union now offers a Mastercard Credit Card. Rates range from 15.24% – 29.24% based on your credit score. Apply at: www.gonow.credit/spojniacuapply