Loans

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:

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:

* 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 with a minimum APR of 5.00%. Interest only payments can be made for the first five years.

Loans of $25,000 or more may be eligible for 0.25% discount when Prime Rate exceeds floor. Minimum loan amount is $10,000; up to 90% LTV. Closing costs range from $100 - $500, 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.

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
Sallie Mae Smart Option Student Loan®
The Smart Option Student Loan® is an ideal solution if you have a gap when it comes to funding your education. It also helps you save money, pay off your student loan faster, and build credit.

Federal Financial Aid
Haven’t applied for Federal Financial Aid yet? That’s the first step in the college funding process. Below are steps to follow when applying:

Sallie Mae Smart Option Student Loan Terms and Conditions

You must attend an eligible school and be enrolled in an eligible program. U.S. citizens enrolled in eligible study abroad programs or studying at medical schools outside the United States are also eligible. International students are eligible with a creditworthy cosigner (who must be a U.S. citizen or permanent resident) and appropriate U.S. Citizenship and Immigration Service documentation.

You must meet current credit and other eligibility criteria.

¹ Market leading rates based on a May 7, 2010 review of competitor rates and APRs. Rates for borrowers attending

degree-granting institutions range from LIBOR + 2.500% to LIBOR + 10.875% (2.87% APR to 10.48% APR) (LIBOR of 0.375% as of 5/25/2010) with no origination fees. Rates for borrowers attending non-degree granting institutions range from LIBOR + 7.75% to LIBOR + 12.5% (8.13% APR to13.88% APR) (LIBOR of 0.375% as of 5/25/2010) and the origination fee ranges from 0% to 5%. The APR and interest rate on your loan will be variable rates and will changed based on changes in the one-month LIBOR rate. Your interest rate and monthly payment may increase if the one-month LIBOR rate increases.

² No origination fees apply to borrowers attending degree-granting institutions only. Please visit your financial aid office for more information.

³ Benefit for enrolling in monthly recurring automatic debit payments is available for as long as monthly payment is successfully deducted from the designated bank account. Benefit is suspended during periods of forbearance and certain deferments.

⁴ Borrow up to the cost of attendance (minimum $1,000) as certified by your school and confirmed by Sallie Mae, less other financial aid received. Sallie Mae reserves the right to approve a lower loan amount than what the school has certified.

Sallie Mae Smart Option Student Loans are made by Sallie Mae Bank® or a lender partner. Borrower benefit information valid as of June 14, 2010.

SALLIE MAE RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS, SERVICES AND BENEFITS AT ANY TIME WITHOUT NOTICE. CHECK THE SALLIE MAE WEBSITE TO OBTAIN THE MOST UP TO DATE INFORMATION.