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Collateral Loan

 

Collateral loans are loans with security.  Collateral loans can be financed at 100%.  Members with unfavorable credit must put at least 10% down or have 10% rebate or borrow less Credit Union 10 percent appraised value.  If the member has unfavorable credit and no 10% then he must be employed at at least 5 years at a current job to have the loan granted.


The loan officer reviews loans daily. Loans are given out in a first come first serve basis and are done as quickly as possible.

The Credit Union exists to loan money! We will do everything possible to loan you money! We cannot grant every loan, but will do the best we can, ensuring that the member’s money will be safeguarded.

 

If you are denied a loan there is a 6-month waiting period before you can reapply unless your circumstances have changed.

 

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Calcasieu Parish Federal Employee's Credit Union
1011 Lakeshore Drive, Suite 303
Lake Charles, LA 70601

Phone # 337-439-4644    Fax # 337-494-1822
jrichard@cppj.net
Copyright © 2004 - 2008 Calcasieu Parish Federal Employee's Credit Union

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