Peninsula Credit Union

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Loans

For information about home loans and mortgages,
follow this link to the Mortgage Center.

 

If You Are Applying For An Auto, Truck, Boat, RV, PLC or Signature Loan:

If you are requesting an individual loan and are not relying on another's income or assets to repay the debt, you do not need to complete the "co-borrower" section of the loan application. However, you must complete the "co-borrower" section for any of the following reasons: 1) You are applying for joint credit; 2) Your spouse will use or be liable for the account; 3) You will rely on your spouse's income to pay the loan; 4) You reside, or the collateral is located, in a community property state and you are married. Community property states include AZ, CA, ID, NM, TX, WA, and WI.

Consumer Loan Agreement and Disclosure: Upon approval you will receive the Consumer Loan Agreement and Disclosure, including a Fair Credit Billing Notice on a separate form. If more than one person is applying for this loan, you agree that your obligations are joint and several.

I Have Read The Above Disclosures And Would Like To Submit An Application

Home Equity Loans

Peninsula Credit Union offers three great ways to access the equity in your home.

 

FLEX-PAY
Home Value Line of Credit

Members wanting a flexible payment that can range from interest only to the entire balance will appreciate the Flex-Pay line of credit. This line of credit can be great for borrowers who want to keep payments low.

minimum payment: interest only

 

LOW-CAP
Home Value Line of Credit

For members who wish to take out a line of credit based on their home’s value. Use the funds as revolving credit, a home addition or pay off bills. With rates that are better than a credit card,
the Low-Cap could be the perfect “rainy day” fund.

minimum payment: 1.0% of balance

Currently at 5.0% APR***
11.99% APR maximum rate cap

 

Both Programs Feature:

      • 10-Year draw period - use and re-use your available credit again and again*
      • No Annual Fee
      • No cost or fees to open a Home Value Line**
      • Convenient access to your funds any time - using Online Internet Account Access, or call us to transfer the funds to your checking or savings!
      • Currently 5.0% APR***
      • Tax benefits are available for some borrowers
        (please see a tax advisor to see if you qualify).

      Which is best for you?

      With our variety of programs and vast experience we can help you determine which is right for you, your family, and will be the best choice for your financial success. Call us toll-free today to talk with our Mortgage Loan Specialists at 800-426-1601 or e-mail them at homes@pcfcu.org.

      We do business in accordance with the Federal Fair Lending Law and the Equal Credit Opportunity Act.
      Please take this opportunity to review PCFCU's Privacy Policy and Terms and Conditions of Use.

      Apply Now Online

       

       

      On approval of credit. Maximum loan amount and/or cumulative loan to value are subject to underwriting guidelines and credit information. Property insurance required. Based on an acceptable tax assessment and/or appraisal at the discretion of PCFCU. *Subject to ownership as your primary residence and loan is maintained on an as agreed basis. **Some limitations apply. Some fees may apply if loan is terminated by either party within 5 years of origination. Appraisal fee may be required for non-conforming loan requests. ***Annual Percentage Rate = APR. Rates subject to change. Interest rate adjusted monthly, rate floor of 5% APR. Rates equal to the Prime Rate (“Index”) as published in the Money Rates section of the Wall Street Journal.

 

If You Are Applying For An Auto, Truck, Boat, RV, PLC or Signature Loan:

If you are requesting an individual loan and are not relying on another's income or assets to repay the debt, you do not need to complete the "co-borrower" section of the loan application. However, you must complete the "co-borrower" section for any of the following reasons: 1) You are applying for joint credit; 2) Your spouse will use or be liable for the account; 3) You will rely on your spouse's income to pay the loan; 4) You reside, or the collateral is located, in a community property state and you are married. Community property states include AZ, CA, ID, NM, TX, WA, and WI.

Consumer Loan Agreement and Disclosure: Upon approval you will receive the Consumer Loan Agreement and Disclosure, including a Fair Credit Billing Notice on a separate form. If more than one person is applying for this loan, you agree that your obligations are joint and several.

I Have Read The Above Disclosures And Would Like To Submit An Application

On approval of credit. Maximum loan amount and/or cumulative loan to value are subject to underwriting guidelines and credit information. Property insurance required. Based on an acceptable tax assessment and/or appraisal at the discretion of PCFCU. * Subject to ownership as your primary residence and loan is maintained on an as agreed basis. ** Some limitations apply. Some fees may apply if loan is terminated by either party within 5 years of origination. Appraisal fee may be required for non-conforming loan requests. *** Annual Percentage Rate = APR. Rates subject to change. Interest rate adjusted quarterly, rate floor of 5% APR, rate not to exceed 18% APR. Rates equal to the Prime Rate ("Index") as published in the Money Rates section of the Wall Street Journal. The most recent Index figure available on the 1st of the month prior to the change date is called the current "Index".

 

Fixed Rate Home Equity Loans

Special projects, unexpected expenses, or one-time opportunities may mean you need a financial resource with fixed payments, rates, and terms. With fixed rates and terms at competitive levels, many homeowners consider this to be a great financial resource.

Apply Now Online

 

On approval of credit.  Maximum loan amount and/or cumulative loan to value are subject to underwriting guidelines and credit information.  Property insurance required.  Based on an acceptable tax assessment and/or appraisal at the discretion of PCFCU. 

Auto and Truck Loans

Whether you are going to the dealership to find your perfect new family car, purchasing from a private party or looking to refinance your vehicle at a better rate, Peninsula has the right loan for you. Apply at any branch location or online right now! Your good credit may even qualify you for up to 100% financing and maximum terms on your next car.

Apply now online by following one of the links below:

Dealership Purchase

Refinance or Private Party Purchase

 

At the DealershipAuto Loans

CUDL
Get Peninsula Credit Union financing right at the dealership. There’s no need to visit a branch, simply apply for your loan at a CUDL dealership. The CUDL AutoSMART web site can also help you research vehicles, look at your credit report, get Blue Book values, compare vehicles, find rebates and more.

Research

Auto Solution
If you know what vehicle you want but would rather have a professional auto purchasing agent do the negotiations, then Auto Solution is for you. Give them the model and options you are looking for or have them find the right fit for you and they’ll do the rest.

Warranty & Protect

Mechanical Breakdown Protection
MBP (extended warranty) provides protection against mechanical breakdowns beyond your existing manufacturer’s warranty.

Guaranteed Asset Protection
Loan deficiency protection designed to eliminate your unpaid net loan balance in the event your vehicle is stolen or damaged beyond repair. Most insurance comes up short when a new car is stolen or totaled. GAP makes up the difference.

ConsumerSafe Debt Protection
Debt Protection can help relieve financial pressure in the event of death, disability, or involuntary unemployment. With Debt Protection, either your loan balance or monthly payments will be cancelled.

RV's, Boats and Motorcycles

Not only do we offer fantastic rates and generous terms, but we also offer some of the fastest turnarounds, best service and convenient access that you need to be financially successful.

If You Are Applying For An Auto, Truck, Boat, RV, PLC or Signature Loan:

If you are requesting an individual loan and are not relying on another's income or assets to repay the debt, you do not need to complete the "co-borrower" section of the loan application. However, you must complete the "co-borrower" section for any of the following reasons: 1) You are applying for joint credit; 2) Your spouse will use or be liable for the account; 3) You will rely on your spouse's income to pay the loan; 4) You reside, or the collateral is located, in a community property state and you are married. Community property states include AZ, CA, ID, NM, TX, WA, and WI.

Consumer Loan Agreement and Disclosure: Upon approval you will receive the Consumer Loan Agreement and Disclosure, including a Fair Credit Billing Notice on a separate form. If more than one person is applying for this loan, you agree that your obligations are joint and several.

I Have Read The Above Disclosures And Would Like To Submit An Application

Longer terms for payments you can live with
Terms for cars are as long as 84 months; up to 144 months for boats and RV's.

90% Boat and RV Financing
90% financing is available for boat and RV purchases.

Loans that fit you - not everyone else
We look for ways to save you money by refinancing or consolidating other debt

Successful financial strategies
You could save money by combining our low rates with dealer rebates, compared to special dealer financing offers.

Smart decisions with our financial tools
Our free Financial Calculators will help you fine tune financing needs before you buy.

Get pre-approved before you shop
A Peninsula pre-approval lets you negotiate as if you have cash. And you'll have 30 days to shop - worry free.

Security of additional protection
Peninsula offers a Mechanical Breakdown Protection plan, which gives you "bumper to bumper" protection anywhere in the U.S. or Canada.

Convenient shopping from your home
Auto Solutions does the shopping, comparing, screening, and negotiating for you. You can talk directly with a representative at any of these numbers:

      • Bellevue - 800-935-2886
      • Portland - 800-207-2429
      • Edmonds - 800-635-9717

 

Consumer Loan Rates

Rates as low as:

Loan Type:

 

APR*

Purchase/ Refi*** Loan-to-Value:

Maximum Term**

Model Year

New Autos, Trucks

 

2.49%

90%

60 months

2011 & Newer

 

 

2.74%

125%

60 months

2011 & Newer

 

2.74%

90%

72 months

2011 & Newer

 

2.99%

125%

72 months

2011 & Newer

 

2.99%

90%

84 months

2011 & Newer

 

3.24%

125%

84 months

2011 & Newer

Used Autos, Trucks

 

2.99%

90%

60 months

2006- 2010

 

 

3.24%

125%

60 months

2006- 2010

 

3.24%

90%

72 months

2006- 2010

 

3.49%

125%

72 months

2006- 2010

 

3.49%

90%

84 months

2006- 2010

 

3.74%

125%

84 months

2006- 2010

Older Used Autos, Trucks

 

5.24%

100%

60 months

2005 and older

 

5.49%

100%

72 months

2005 and older

 

Rates as low as:

Loan Type:

 

APR*

Purchase/Refi*** Loan-to-Value:

Maximum Term**

Model Year

New Recreational Vehicles, Motor Homes, Boats

 

4.20%

100%

60 months

2011 & Newer

 

4.45%

100%

72 months

2011 & Newer

 

4.70%

100%

84 months

2011 & Newer

 

4.95%

95%

120 months

2011 & Newer

 

5.20%

95%

144 months

2011 & Newer

Used Recreational Vehicles, Motor Homes, Boats

 

4.70%

100%

60 months

2003 - 2010

 

4.95%

100%

72 months

2003 - 2010

 

5.20%

100%

84 months

2003 - 2010

 

5.45%

95%

120 months

2003 - 2010

 

5.70%

95%

144 months

2003 - 2010

Collector Classics (Auto/Truck)

 

10.50%

80%

48 months

Classic Vehicles

Motorcycles (min. 750cc)

 

4.25%

120%

60 months

2006 & Newer

 

4.50%

120%

72 months

2006 & Newer

 

Rates as low as:

Loan Type:

 

APR*

Loan-to-Value:***

Maximum Term**

 

Jet Skis, Motorcycles, Snowmobiles, Personal Computer, Personal Loans

 

12.15%

N/A

36 months

 

12.65%

N/A

48 months

Savings Secured

 

3% above current savings rate

100%

120 months

Certificate Secured

 

3% above your current certificate rate

95%

Not to exceed certificate term

Personal Line of Credit

 

****As low as prime + 2%

N/A

N/A

Rates are subject to change without notice, except on loans presently in place and those with variable rates. Your actual rate and term will be determined according to how you've managed your credit.

Note to Interest Rates

(*) APR = Annual Percentage Rate. Rates are determined by applicant credit. Rates advertised may require a qualifying down payment and may not exceed established loan-to-value ratios for respective collateral.

(**) The actual term available is based on the amount you are borrowing. The maximum available terms of repayment are displayed. Contact a Loan Representative for additional details.

(***) Values based on NADA Retail, KBB Retail or MSRP. Purchase transactions may finance up to 125% plus tax, license, warranty & GAP. See a loan representative for maximum allowable add ons. Refinances may finance up to 120% of value, plus GAP. All loans subject to underwriting and may require a down payment.

(****) Rate determined by applicant credit. Prime rate is determined by the most recently published "Prime Rate" for corporate loans at large U.S. Money Commercial Banks as it appears in the Wall Street Journal under the heading "Money Rates" on the first business day of the month immediately preceding the change date. Floor rate 7% APR, maximum rate 18% APR.

Real Estate Equity and Home Improvement Loans
We offer a wide variety of mortgage programs with different terms and conditions so you can choose the best program for your needs. In addition to standard first mortgages, we have land, home construction and first-time buyer programs. We also have several equity loan programs for you to choose from, ensuring that your home equity is utilized responsibly. Call today to visit with our mortgage department for details, including today's terms and rates.

Effective February 19, 2014

You are leaving the Peninsula Credit Union Web Site. While we do, in good faith, believe this site to be of value to our members, privacy and security policies may differ from those practiced by Peninsula Credit Union. Additionally, Peninsula Credit Union is not responsible for the content, security or operation of this linked site. Peninsula Credit Union does not represent either the third party or the member if the two enter into a transaction.

To continue on click here

 

 

Personal Line of Credit

PLC Graphic

Regardless of the forecast, with a Peninsula Credit Union Personal Line of Credit, you’ll be ready. We work with you to set a credit limit that fits your needs and, unlike a credit card, there are no annual fees, or outrageous rates. Plus, you can conveniently access your PLC through your debit card, online, or by phone anytime.

A Personal Line of Credit (PLC) is a revolving credit account, which allows you to draw funds up to your designated credit limit providing a ready source of funds available whenever you need them. The PLC also provides no-fee overdraft protection for you whenever you need it!

Call us toll-free today to talk with our Loan Specialists at 800-426-1601 or

Apply Now Online

Terms and conditions are subject to change. Rate determined by applicant’s credit. Ask a Peninsula Credit Union Representative for details.

 

The Anything Loan

A personal loan for whatever your needs might be.

We know that every member's needs and situation is different, and not every loan is for a new car or home. Sometimes people would like to borrow for a short period of time at a good rate. Something simple and without a lot of hassle. Thats how we came up with the ANYTHING LOAN.

Anything Loans can be as small as $500.00 and offer a 5.99%APR* that is better than most credit cards, without all of the confusion and fees.

Applying is fast and easy with same day answers in most cases.

More Information

 

Borrow and Save

Credit unions have a long and proud history of helping members and it is why we are working to break the Payday Lender cycle by testing a new product: Borrow and Save. Borrow and Save is a small dollar loan product benefiting low-and-moderate income US consumers, as part of Filene Research Institute’s accessible financial services incubator. Peninsula Credit Union joins eleven other credit unions in testing the product’s viability with mainstream financial institutions over the next 18 months.

The idea is simple, rather than perpetuate a system of high interest loans, we set the loan up right, start the member on the road to savings and provide financial education. In the next 18 month testing period, we hope to help improve the lives of our most vulnerable members and provide a path to financial freedom, breaking the chains of payday lenders.

For more information, please speak to a Member Services Representative.

More Information

 

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This credit union is federally insured by the National Credit Union Administration.

Routing Number: 325182344