Loans Options
UTELFCU prides ourselves on saving members money and our personalized service. Whatever your borrowing needs are, our friendly dedicated team is available to discuss individual loan options and repayment plans, and answer all of your lending questions.
UTELFCU offers a wide variety of loan products. Our staff will assist you with your borrowing needs. Our rates are competitive, we offer optional payment protection through CUNA Mutual Group for qualified applicants, plus the added convenience of automatic payments each month from your UTELFCU account and it’s a win-win!!
From vehicle loans to personal loans, Visa® credit cards to Home Equity Lines of Credit and Mortgages*, allow the staff of UTELFCU help you with your financing needs! Complete the Loan Application below and bring it to the credit union, fax it to us at (315) 793-8296, or mail it directly to the credit union. The Credit Union may run loan specials from time to time. Visit “below the fold” on our home page for loan specials and other items of interest going on at YOUR credit union!
* Please note that our Home Equity Line of Credit, Mortgage and Visa applications are available at the credit union.
Mortgage Options
Together we can help make your home loan dreams come true!
Whether you are purchasing a home or refinancing your existing mortgage, UTELFCU has in-house options available for terms up to 30 years, in addition to mortgage offerings from our partners.
For more information regarding UTELFCU’s in-house mortgage offerings, please call us at (315) 724-5133.
NMLS #439936
Home Equity Line of Credit
UTELFCU offers variable rate open end home equity loans. The rate is determined by the 6 month Treasury (T bill) rate plus 3.50% with a floor of 4.80% and a ceiling of 16%. The percentage rate can be adjusted 4 times a year with a maximum rate change of 1% per adjustment and a maximum annual increase/decrease of 4%.
The maximum amount of the credit line is $200,000 and the minimum is $5,000. The maximum period for repayment is 15 years (180 months).
Temporary Disability Insurance is available to qualified borrowers with the cost added to the principal balance of the loan.
Appraisal fee (prices may vary) is not refundable. All loans will utilize full real estate loan closing procedures. Cost is $500 (plus title insurance if first lien).
If you are considering home improvements, bill consolidation, buying a new boat or other major expenses, the home equity line of credit may be for you.
Call us at (315) 724-5133 for an application.