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PCU is known for making great loans! From small personal loans to large first mortgages, we can help you achieve your goals. Our loan decisions are made promptly and in many cases we can issue a check or deposit the funds into your account immediately after approval. You can apply for your loan in person, over the phone, by fax and online.
To apply online, you should be a current member of PCU. Not a member? View our membership information, or call 651-770-7000 or 800-247-0857 during regular business hours. If you are a member, you can apply online 24/7 and receive a response within an hour. Below are some of the loans we offer:
Auto and Recreational Vehicle Loans
Auto Loans - New or used, your credit union has some of the most competitive vehicle loan rates around. We offer loans for cars, trucks, boats, motorcycles, RVs and more! Visit our Auto Resource Center for complete details and helpful links.
Online Vehicle Values - If you are looking for an easier way to check new and used vehicle values, look no further than Chrome Carbook. This vehicle value service provides pricing, warranty and safety information.
Home Loans
Your home is one of your biggest assets and best sources of cash. PCU offers a variety of mortgage and home equity loan products.
MORTGAGES
PCU Mortgage provides full-service home loan solutions. We have a variety of programs and products including:
- 10, 15, 20, 30 & 40 year fixed rate mortgages
- First time home buyer programs
- FHA financing
- Adjustable Rate Mortgages (ARM)
- Down-payment assistance programs
- Complete closing services through PCU Title and more!
Visit our Mortgage Web Center for complete details, rates and to apply online 24/7!
MEMBERS® Homeowners Insurance*
You trust PCU to provide you and your family with quality products and services to meet your financial needs. We've joined with a dedicated team of insurance professionals to bring you the MEMBERS® Homeowners Insurance Program:
- MEMBERS® Homeowners Insurance is the coverage solution preferred by the most credit unions and their members.
- Convenient e-service, pay your bill or make changes to your policy, even report a claim online.
- Receive fast, easy access to claims service 24-hours a day.
Obtain a free no obligation quote today!
* The MEMBERS Auto & Home Insurance Program is underwritten by leading insurance companies, including Liberty Mutual Insurance Company and its affiliates, 175 Berkeley Street, Boston, MA. The insurance offered is not a deposit and is not federally insured or guaranteed by your credit union.
HOME EQUITY LOANS
A home equity loan lets you put the equity you've built to work for you. Enjoy no teaser rates, no hidden restrictions, and no strings attached. Check out our options below:
Visa Platinum Home Equity Line of Credit* - Enjoy accessing your line of credit with the swipe of a card anywhere Visa is accepted. This variable rate loan is calculated at Prime Rate for balances under $25,000 and at Prime Rate minus 0.25% for balances of $25,000 or higher.** Interest only payments can also be made for the first five years.
* The variable rate Visa Platinum Home Equity Line of Credit is based on the national Prime Rate as published in The Wall Street Journal on the 20th day each month. The APR can change monthly on the first day of the billing cycle. There is no yearly APR cap; maximum APR is 15%. Minimum loan amount is $10,000; up to 90% LTV. Closing costs range from $25-$300, plus the cost of appraisal.
** Example of payment terms: if you make the minimum monthly payment with no additional advances it would take 12 years to pay off a loan of $10,000 at 7.00% APR. During that period you would make 60 payments ranging from $57.00 to $123.30, followed by 84 payments of $150.
Home Equity Line of Credit - This variable rate loan allows you to access your home's equity at Prime Rate plus 1/2%. Rates are subject to change in August of each year.**
Home Equity Installment Loan - With this fixed rate loan you can borrow a lump sum of money and repay it in equal monthly payments. This is a great choice if you prefer the security of locking in at a rate that will remain the same for the life of the loan.
Home Improvement - If you don't have much equity in your home and have remodeling or other home projects, consider a home improvement loan. This loan lets you borrow a lump sum of money at competitive rates and take up to 10 years to repay. (Example of payment terms: A $5,000 Home Improvement loan with a 7.90% APR over a 60 month term would result in a monthly payment of $101.16. Total finance charges would be $1,069.60.)
Personal Loans
Signature Loans - Need a loan to finance your next vacation, buy a guitar or pay an unexpected bill? You name the use of the loan and we can cover it with a low-interest, fixed rate Signature Loan.
Line of Credit - If you are looking for low cost overdraft protection on your checking account, think about a Line of Credit. Enjoy no annual fee, generous credit limits, a low, fixed interest rate, one-time application, easy accessibility and more!
Share Secured Loans
If you're looking for the lowest possible rate, then a Share Secured loan may be right for you. Although this loan requires matching funds to be available in your Savings account, this is a great way to establish or rebuild your credit.
Student Loans
The thought of paying for post-secondary education can be daunting, but it doesn't have to be. Many people qualify for financial aid, which helps cover the cost of tuition, books and more.
PCU offers Student Loans through Great Lakes Higher Education Corp. Visit this site for additional information about the Student Loan process.
Here are a few important steps to follow when applying for Federal Financial Aid:
- Complete the Free Application for Federal Student Aid (FAFSA). This can be obtained by calling 1-800-4FEDAID or online at www.fafsa.ed.gov. Applications are accepted and processed after January 1 of the year in which you plan to attend school.
- You will receive your Student Aid Report(SAR) 6-8 weeks after filing a FAFSA.
- If you qualify for financial aid, you will also receive an Award Letter from the school you will be attending.
- If your award letter states that you qualify for Subsidized or Unsubsidized Federal Stafford Loan, or a Federal Plus loan, contact PCU and we will send you the necessary application.
- After your application is processed, your school will receive the funds, which are guaranteed and serviced by Great Lakes Educational Loan Services, Inc. Remember, the funds may not cover all of your college expenses, but they should help ease the financial burden.
Please Note: If you have already begun the application process, PCU's lender number is 828125.
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