Loans

Consumer Loans
One of the primary ways we serve our members is through affordable, convenient loans. We have a variety of loan options to meet your needs. Whether you have a need to consolidate debts, establish credit, purchase a new or used vehicle, refinance an existing vehicle loan, take a nice vacation, pay taxes or any other worthwhile purpose, we have a loan program designed for you.

Our goal is to make sure you receive prompt, confidential and courteous service all while paying the lowest possible rates with the most flexible terms. We want to make your borrowing experience quick and hassle-free. In most cases, loan applications submitted in person, by mail or by phone can be approved immediately.

Our various loan types mean that we generally can suit whatever your loan needs are. We offer:
  • Secured loans
  • Share or Certificate Secured Loans
  • Unsecured Loans
  • 90-day Notes


What is your need? Make it a habit to always check with American Partners FCU when you have any lending need, large or small. You’ll be glad you did!

SECURED LOANS
Secured loans require some type of collateral. The most popular types of secured loans are vehicle loans. We also finance motorcyles, RV’s and farm equipment (if it is 8 years or newer). Is your security financed elsewhere? Check out our rates to see if refinancing is right for you. Considering a purchase? Let us pre-approve you and send you shopping! Before you buy, call American Partners FCU. Don’t be misled by dealer offers. Qualified members may borrow up to 100% of the retail value based on the NADA book value and finance up to 72 months. See us first for the rates and terms that are right for you!

SHARE or CERTIFICATE SECURED LOANS
Put your money to work for you! Money on deposit in your share or certificate accounts can be used as collateral on loans. When you borrow against your own money, we secure the money in the account and you only pay 3% over the dividend rate on the secured loan. Your money stays in your account all while continuing to earn dividends. Share secured loans can generally be used for any purpose, including overdraft lines of credit and secured Visa credit cards. Simple, easy, and quick! Check to see if a share secured loan is right for you!

UNSECURED LOANS
Not every loan requires collateral or security. Unsecured loans are available for a variety of purposes. Are you tired of high rate credit cards that never seem to reduce no matter how much you pay each month? Consider a debt consolidation loan or transfer the balances to an American Partners FCU Visa. Does your checking account seem to run short just before payday? Consider an Overdraft Line of Credit. Does your dream vacation always seem just out of reach? Perhaps a signature loan would be the answer. Car repairs always seem to be necessary when the money isn’t available. With our low rates and flexible terms on an APFCU Visa, signature loan or Overdraft Line of Credit, you won’t need to stress about making ends meet. Call an APFCU Account Specialist to see just how easy getting an unsecured loan can be!

90-DAY NOTES
Do you ever need to borrow money for a short period of time? Perhaps a 90-day note is what you need. You may use a note for almost any purpose for which you would a regular loan, secured or unsecured. The difference is no monthly payments. When a 90-day note comes due, you have the option of paying it in full, paying a portion of the principal and all of the interest or paying the interest only and renewing the principal. The note can be renewed up to three times for a maximum of 365 days. If short-term borrowing is your need, contact an American Partners FCU Account Specialist to see if this type of loan is right for you!
Home Equity
One of the most overlooked resources people have is the equity in their home. Put your equity to work for you with an American Partners FCU home equity loan! It can be a valuable resource for making major purchases such as a vehicle, paying for college tuition or remodeling your home. An additional bonus to using the equity in your home may be tax deduction for the interest paid on the loan. Be sure to consult your tax advisor regarding your particular situation.

As a member in good standing, you may qualify to borrow up to 95% of the market or tax value of your home for up to 15 years. In most cases, your most recent property tax appraisal on your home and income verification is all we need to start your equity application. Upon approval, your equity line becomes a revolving account with easy access! The money you pay back is available for use over and over again during the life of the loan. The borrowing convenience and flexibility are invaluable! An additional convenience is automatic payments. Make your payments automatically each month and never write a check!

The interest rate on all Home Equity products offered by APFCU is generally tied to the prime rate. American Partners FCU offers Fixed Rate Home Equity Loans, 10 and 15 year Home Equity Lines of Credit and Interest Only Lines of Credit.

American Partners FCU has developed this Fixed Rate Home Equity Loan product to provide an amicable and prudent option aside from a Home Equity Line of Credit. Although this is not a line of credit, the member can use this for major purchases. The entire approved amount of the loan is issued at one time and there are no subsequent advances given on this loan. The loan is repaid at a fixed rate over a 5 or 10 year term.

Our 10 and 15 year Home Equity Lines of Credit is a variable rate that may be adjusted once per calendar quarter. This is a convenient way for our members who own their own homes to borrow money at favorable rates and may be able to take advantage of tax deductions. The usage is almost limitless, and the methods of advance is both simple and convenient.

The Interest Only Home Equity Lines of Credit offered by American Partners Federal Credit Union will offer its members a variable-rate that may adjust monthly. This provides members with the advantage of paying only the interest due each month on the line of credit during the 5 or 10 year draw period.

Contact one of our Account Specialists to see which of our Home Equity products is right for you. Start making your home equity work for you today!

APFCU Now Offers Mortgage Loan products

American Partners FCU now offers mortgage loan products financed through Homeowners Mortgage. Whether you are ready to buy a vacation home at the coast, interested in building a home or you're wanting to refinancing, APFCU is ready to serve you. Stop by or apply online for a 1st Mortgage, Construction Loan, investment properties, 2nd home mortgages, or refinancing. With an affordable home loan, APFCU will help make your dreams a reality!

Click here to find out more!