Alcose has the following loan options available:

Better Choice Loans

The Credit Union’s answer to PayDay Loans. The maximum amount of the loan is $500. There is a $20 application fee. Upon approval, 10% of the requested loan is deposited into the member’s share account. The member may not withdraw any portion of the deposit, or close the account, until the loan is paid off. The interest that the member pays on the amount deposited into the savings account will be rebated to the savings account if the loan is paid on time. This loan must be repaid within 90 days and has an interest rate of 18% APR**. Payments must be made by payroll deduction or direct deposit

Bill Consolidation Loans

These loans are reviewed as they are submitted. If the loan is approved, in addition to the $25.00 minimum balance required in the share account, an additional $125.00 must be held in the share account until the loan is paid in full.

Interest Rates for Bill Consolidation Loans are:

5.99% APR** for 24 Months
7.99% APR** for 36 Months
9.99% APR** for 48 Months
11.9% APR** for 60 Months

** Annual Percentage Rate

Computer Loans (NEW)

Up to $2,500 - 12 Months @ 2.9$ APR**

Applicants must meet qualification guidelines
All rates are subject to change

First Mortgage Loans (NEW)

Competitive mortgage financing from the credit union you trust

Alcose Credit Union in partnership with CUC Mortgage Corporation, is pleased to announce our mortgage financing program. Whether you’re purchasing a home or refinancing your mortgage, you can look to us for trusted advice and exceptional service. Our mortgage program features:

a secure online application process;
free pre-approvals within minutes;
expanded loan programs;
low interest rates and closing costs; and
expert support and assistance throughout the entire process.

All Alcose Credit Union mortgage loans are serviced through CUC Mortgage, a full-service mortgage corporation serving credit unions in the greater Northeast.

If you are looking for competitive mortgage financing from a lender you can trust, stop by our office, click on this link, or contact us at 412 673-2450 or 412 881-8871.

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Loan Specials

The credit union also runs loan specials during the year. These loans are reviewed as they are submitted. If the loan is approved, in addition to the $25.00 minimum balance required in the share account, an additional $125.00 must be held in the share account until the loan is paid in full.

Our current loan special is:

	Tax Time Loan Special - $500 to $5,000	12 Months @ 3.25% APR**
	available until 5/31/2012	18 Months @ 3.99% APR**

Personal (Signature) Loans

Any member may apply for a signature loan. Loans are reviewed as they are submitted. If the loan is approved, in addition to the $25.00 minimum balance required in the share account, an additional $125.00 must be held in the share account until the loan is paid in full.

Interest Rates for Personal Loans are:

7.99% APR** for up to 36 Months
10.0% APR** for 48 Months
12.0% APR** for 60 Months

Pet Loans (NEW)

Wether you are buying a pet or just need help with vet bills, your Credit Union wants to help

	Up to $7,500	12 Months @ 5.9% APR**
		24 Months @ 6.9% APR**
		36 Months @ 7.9% APR**

All checks will be made out to the member and the veterinarian/breeder
Applicants must meet qualification guidelines

All rates are subject to change

Share Secured Loans

Any member may apply to borrow an amount up to the balance in their share account. Because these loans are secured by shares, they are automatically approved. Rate on a Share Secured Loan is:

3.99% APR** - term is set by member

Student Loans (NEW)

Alcose Credit Union has partnered with CU Student HELP to offer the Smart Option Student Loan® made by Sallie Mae®. With college costs growing fast, it's time to borrow smarter. The CU Student HELP Smart Option Student Loan offers multiple repayment options and competitive interest rates to help you pay for college expenses not covered by scholarships and federal loans.

Click here for more information or to apply
(this link goes to an external site)

Vehicle Loans (Cars, boats, mobile homes & recreational)

These loans are reviewed as submitted. If the loan is approved, in addition to the $25.00 minimum balance required in the share account, an additional $125.00 must be held in the share account until the loan is paid in full. The Credit Union will hold the title of the vehicle and the member’s insurance company must list the credit union as loss payee or lien holder until the loan is paid in full.

The present rates are:

	New Vehicles (2011 to 2012)	3.99% APR** for 12 - 72 Months
	Used Vehicles (2009 to 2011)	5.25% APR** for 48 Months
		5.75% APR** for 60 Months
		6.25% APR** for 72 Months
	Used Vehicles (2008 & Older)	6.0% APR** for 36 Months
		6.5% APR** for 48 Months
		7% APR** for 60 Months
	RV's	5.49% APR** for 72 to 120 Months

NADA Official Used Car Guide Company
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