Loans

• You are a member of the Credit Union.
  
• You have at least a $50 balance in your savings account.
  
• You have completed 3 months of consecutive employment.
  
• You have a current, positive TRW credit report and a debt ratio of 45% or less.
  
• You must have a completed EMPLOYMENT VERIFICATION FORM
  
• You must have completed a LOAN APPLICATION.

The APR (annual percentage rate) on loans changes periodically. Check with the Credit Union for current rates.

All loans are to be repaid through payroll deductions (for .25% rate discount) or can also be handled by obtaining a payment book for those members that are no longer employed through CSHS. A member must pay off his/her loan after the 3rd refinancing.

Optional credit life and disability insurance protection for your loan is available for purchase.

TYPES OF LOAN

Unsecured - Credit Builder Loan
Secured - Share Loan
New Auto - 72 months (6 years) Financing - Up to
Classic Car - 85% of appraised value
Used Auto - 60 months wholesale Blue Book value -
Motorcycles - (same as new/used auto) Maximum payback 60 months
Boats - Jet Skis - Trailer (hauling Jet Skis/motorcycles/horses)
Motor Homes - Campers - Van Conversions

UNSECURED LOANS

Do you want to lower your interest (APR) rate?
If you have a CSHS payroll transfer (subtract) -0.25%
If you are a frequent borrower w/CSFCU (subtract) -0 .25%
If you have more than one loan w/CSFCU (subtract)- 0 .25%

USED car loans (cars must not be older than 8 Years). We finance 10% above Wholesale Blue Book Value. You may apply for a car note after 3 months employment.

SHARE SECURED LOANS @ 4.75%

For more detailed information on all loans, please verify with the "Loan Policy" for rates and pay back payments.

Any Person that causes or has caused the Cedars-Sinai Federal Credit Union a hardship - DOES NOT qualify to participate in any credit union activities.