LOAN GUIDELINES

$20 APPLICATION FEE FOR ALL UNSECURED LOANS (non-refundable)

Please email your most recent paystub to:  info@penncu.org upon application.

PERSONAL LOANS:

$1000-$3000 up to 24 month repayment – FULL TIME employees with (1) year service subject to creditworthiness.  PART TIME employees with (3) years service subject to creditworthiness.

$3001 - $10,000 up to 60 month repayment- FULL TIME employees with (5) years service subject to creditworthiness.

EZ LOANS:

$2500  EZ LOAN –FULL TIME EMPLOYEES with (2) years service – no refinancing, one year repayment  New loan only

$1000 EZ LOAN – FULL TIME EMPLOYEES WITH (2) years services/no refinancing- one year repayment for new accounts with no previous loan history.

CREDIT CARD CONSOLIDATION LOANS:

UP TO $10,000 – FULL TIME Employees with (5) years service.  Repayment terms up to (5) years.

NEW AUTO LOANS:

100% financing plus tax, tags, warranty- Full time employees with (2) years service. Repayment terms up to 84 months.(84 months for loans over $35,000 only)

USED AUTO LOANS:

100% “Kelley Blue Book” value (good condition) financing plus tax, tags, warranty- Full time employees with (2) years service.  Repayment terms up to 72 months.  Based on “good condition”.  72 months for loans over $25,000 only.  Financing for cars not over 10 years in age.

SECOND CHANCE FINANCING:

Will finance loans up to one year from date of purchase and financing with other institution. Will finance  Kelley Blue book value on used autos plus GAP insurance and tax and tags on original bill of sale.

HOLIDAY LOANS:

Maximum of $3500 – Full time employees with (2) years service.  Repayment term up to 24 months.

VACATION LOANS:

Maximum of $3500. – Full time employees with (2) years service.  Repayment term up to 24 months.