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Loans

Home Mortgages

Learn about our home mortgage offerings and apply online at AmeriCU Mortgage.

Please contact Jessica Busch 248-247-1894 opens phone dialeror jessica.busch@americu.comcreate new email.

Home Equity Line of Credit

Home Equity Line of Credit (HELOC) Loans are now available through our partnership with Forterra.  If you need financing for home improvements, school tuition, debt consolidation, or any other reason, our home equity loans may be right for you.

Please contact Steve Von Mann at 931-431-2135opens phone dialer or svonmann@forteracu.comcreate new email.

Vehicle Loan - New

On approved new vehicle loans, the credit union will loan up to 100% of the MSRP sticker price plus sales tax with approved credit.

Getting approved for an auto loan with our credit union before you visit the dealership, allows you to:

  • Know your interest rate,
  • Know your loan payments,
  • And choose the vehicle you really want (instead of one that the dealership wants to get rid of and pushes on you).

Dealerships are usually the only ones who can offer 0% financing, but, most of the time, these loans are shorter terms so your monthly payments will be higher.

We offer terms anywhere from 36 to 84 months based on your credit history.  We also offer more payment options including, payroll deduction, automatic transfers.

You can also get GAP insurance through Kennedy VA EFCU for only $400 and the warranties are based on the vehicle you purchase.

Check us out first!

Vehicle Loan - Used

On approved loans, the Black Book Used Car Guide will be used to determine the amount financed. The maximum amount financed cannot exceed the listed retail value.

Getting approved for an auto loan with our credit union before you visit the dealership, allows you to:

  • Know your interest rate,
  • Know your loan payments,
  • And choose the vehicle you really want (instead of one that the dealership wants to get rid of and pushes on you).

Dealerships are usually the only ones who can offer 0% financing, but, most of the time, these loans are shorter terms so your monthly payments will be higher.

We offer terms anywhere from 36 to 84 months based on your credit history.  We also offer more payment options including, payroll deduction, automatic transfers.

You can also get GAP insurance through Kennedy VA EFCU for only $400 and the warranties are based on the vehicle you purchase.

Check us out first!

Motorcycle Loans - New & Used

The same guidelines utilized for new and used vehicle loans are applicable on approved new and used motorcycle loans.

Boat Loans - New & Used

On approved boat loans the same policy for new and used vehicles is applicable.

Signature Loans

The maximum approved Signature (unsecured) Loan for any member is based on the member’s credit history and credit score.

Credit Builder Loans

A loan program for members with limited, blemished or no credit. Personal credit scores can be repaired and increased. If $1,500.00 is borrowed and repaid at $85.00 biweekly, the repayment period would be approximately 10 months.

Student Loans

The Smart Option Student Loan® For Kennedy VA Employees Federal Credit Union by Sallie Mae®

For borrowers attending degree-granting institutions.

Now you can pay for college the smart way with three great repayment options and competitive interest rates!

The loan is an ideal solution to help you pay for college expenses not covered by scholarships and federal loans.

The Smart Option Student Loan Features and Benefits:

APR is annual percentage rate.  An annual percentage rate (APR) is the annual rate charged for borrowing or earned through an investment, and is expressed as a percentage that represents the actual yearly cost of funds over the term of a loan.  (Investopedia.com)
For all vehicle, motorcycle, and boat loans, the approved price includes tax, title, GAP and other insurance, or any other after-market product.

Loan Rates

Type Low Interest Rate High Interest Rate
Auto Loans 1.99% APR 15.99% APR
Personal Loans 5.00% APR 18.00% APR

Calculate Your Payments

Use our simple loan calculator to calculate your loan payments, now!

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