Loans
*These links will take you away from the Express Credit Union web site.
Note: To complete the application process, you must sign the papers at a CMSR location or at the branch office.
Vehicle Loans
Buying a car with a loan from Express CU is easy! At Express, we know that buying a car can be complicated and confusing – we want to help you save money by getting the best deal on your car and a lower interest rate to keep your monthly payments affordable.
Before you go to an auto dealer work with Express CU first – talk to our loan officer or one of our community member service reps today!
New/Used Vehicle
Express CU offers loans for new or used vehicles with a variety of rates and terms.
Pre-approval to help you improve your buying options
We can help you determine the value of the vehicle you are purchasing – We use the N.A.D.A. guide.
GAP Insurance
Guaranteed Auto Protection Insurance, or GAP Insurance, protects you against financial loss in the event that your car is damaged beyond repair or stolen and never recovered.
New/Used RV, Motorcycle, Boat
Express CU offers competitive rates on new or used recreational vehicles (RVs), motorcycles and boats
Vehicle Ownership Program
For qualified members, Express Advantage will match up to $500 of your down payment towards the purchase of a used car. Express Credit Union may also pre-approve you for a loan and refer you to a dealer or discount buying source.
Personal Loans
Express CU offers a wide range of personal loans to meet your needs. Use a personal loan to purchase home appliances, pay medical bills, emergency expenses, purchase a computer, or for a variety of other reasons.
We also offer loans to help build your credit history or to help you consolidate multiple bills into a single payment. The amount of your loan and interest rate are subject to qualifications.
Payday Alternative Loan
If you need emergency cash right away and require a little longer to repay it than just until your next payday – see us for a great lower-cost alternative!
Members can receive a loan of up to $750 and pay a 15% flat fee on the amount borrowed. You have up to 90 days to pay off the loan in equal payments due 30, 60 and 90 days after receiving the loan. AND – when you make all payments on time, 1/3 of the fee will be deposited into your savings account to help you start saving for the future.
Debt Consolidation Loan
We can help you lower your overall monthly payments by combining multiple loans and credit card debts into one loan with one monthly payment. These loans are for members that want to pay off their high interest rate debts faster by reducing their overall interest rate and making their monthly payments easier to handle.
*Consolidation loans are subject to special credit approval requirements.
Signature / Unsecured Loans
If you need money for home appliances, medical bills, computers, or if you are just a little short for this year’s vacation plans – a signature loan may be the answer. Fixed rates and monthly payments are designed to help you pay for the things that you need or want today without using potentially higher rate credit cards or store financing.
Credit Builder Loans
This loan option is a way to build a credit history and establish an emergency cash fund all in one!
The amount of money borrowed for this loan is deposited to your share savings account or CD at Express Credit Union and is ‘frozen’ until the loan is paid in full. Your borrowed money earns interest while it is held for you.
You make monthly payments on the loan and we report this to the credit reporting agencies – giving you a credit history. At the end of the loan, the cash in your account is ‘unfrozen’ and yours to use or save as you wish.
This is a great loan for you if you are a first-time borrower, trying to re-establish your credit, improve your credit score, or if you want the discipline of a forced savings plan.
Cash Secured Loans
Similar to our Credit Builder Loan we loan you money secured by cash you deposit to your share savings account or CD. The cash used as security on the loan does not have to be your own – even family or friends may help you by depositing money at Express Credit Union and agreeing to have it ‘frozen’ until you repay your loan in full.
Line of Credit
A Line of Credit offers you the flexibility of ready access to money whenever you need it – whether the need is planned or unexpected. Link this to your checking account for added protection against accidental overdrafts.
Vacation/Holiday Loans – seasonal specials
If you haven’t saved quite enough for your vacation or holiday needs, we will work with you to find a loan to help you. Borrow up to $1,000 at 10% apr for 10 months. **Qualifications & restrictions apply.
US Citizenship Loans
The US Citizenship application fee is now $680 per person and this can be a lot to pay all at once. If you don’t have the money for the application fee and don’t qualify for other assistance Express can help you by providing you with a loan that can be repaid over 9 months. Special requirements apply.
