Loans

Loans

The Emerald Group Credit Union specializes in lending money to qualified members. Because EGCU is owned by our members, terms and rates are far better than other financing options including VISA, vehicle, real estate and personal loans. Loan approvals, amounts and terms are based on credit and employment histories.

Equity Saver Advantage at EGCU- Members with bi-weekly payrolls may split a monthly payment in half and apply the half-payment to the loan balance on the day of their payroll. The more frequent principal reductions and the 2 extra half-payments (26 in all) cuts interest and reduces the term on loans. This service is provided at no extra charge and can save a member hundreds of dollars over the term of a loan.

New and Used Auto Loans
EGCU offers new and used auto loans with fixed-rates and terms up to 72 months on new autos and 60 months on used autos.

VISA® Credit Cards
EGCU offers low rate Visa® Classic and Platinum Credit Cards exclusively for our members. Credit Limits range from $500.00-$10,000.00 with an 9.95%-19.95% annual percentage rate (APR) and a minimum payment that is 2% to 3% of your balance. Every account includes Identity-theft Protection, FREE 24-hour online access, On-line Bill Pay and Extra Online Security Protection with Verified by VISA. Scorecard points and product protection are added features of our Platinum Credit Card.

Personal Loans/Line of Credit
You have your choice of a personal loan or our Line of Credit (LOC). Our personal loans offer low fixed rates and fixed terms. Our LOC allows you to advance on a predetermined credit limit without reapplying. You can do advances via in person or by accessing your account online and deposit the advance directly to your EGCU checking account.

Boats/Motorcycle/RV Loans
For outdoor enthusiasts, EGCU offers great fixed rates and generous terms on boats, motorcycles, and recreational vehicles.

Share/Certificate Secured Loans
EGCU offers loans secured by the funds you have on deposit in a share account or certificate. This is a good option for members trying to establish credit. It also allows members with funds on deposit to borrow instead of depleting your share account or cashing in your certificate. You continue to earn dividends on the funds you have deposited even though they are pledged as collateral on your loan.

C-U Thru Cash Advances
Do you need a fresh start? Turn your credit around with this loan. By making regular payments on time, you potentially improve your credit score while establishing a savings plan.

Home Equity Loan
EGCU's 2nd mortgage program allows you to get money from your home to be used for any reason - college expense, boat or car purchase, debt consolidation, home improvements or your dream vacation. You may be eligible to borrow up to 80% of your home's appraised value, less your first mortgage balance. This is a fixed rate second mortgage with terms up to 10 years. Home Equity Lines of Credit are available with low rates tied to the current Wall Street Prime Rate. There are no fees on either product when terms last beyond 36 months.