Loan Information

Additional Loan Information

All applications must be filled out completely - when applying for a secured loan, the member must provide all pertinent information related to the collateral being offered:
    - Year, make, model and VIN
    - It is the member's responsibility to have the title encumbered in favor of
        the credit union
    - The member is responsible for all Title Fees
    - It is the member's responsibility to obtain insurance on collateral and to
        have the credit union listed as Loss Payee on the policy

The unsecured personal loan limit is $5,000.00. A member must have collateral for any amount over the unsecured limit.

Members can apply for additional loans if the combined total of all personal loans does not exceed $5,000.00 and adequate collateral is offered, if needed.

Loan payments and share deposits may be made by payroll deduction, cash, or by check. All checks should be made payable to "Petrowax Federal Credit Union."