Secured Loans
 
 
 Short-Term Loans
 
 
 Unsecured Loans
 
 
 
 
 Personal Loan
 
   

Get up to 10 times your shares with our Loan Above Shares up to $7.5Million whichever is less for any wise and prudent purpose!

Eg. Member A's share balance is $30,000; loan potential is $300,000 (10 x $30,000)

Required:

  • Last Payslip
  • Proof of purpose
  • Income and Expense Statement (done at interview)
  • Acceptable Security for the difference between  share and loan amount (using the example the difference would be $270,000)

Acceptable forms of Security:

  • Land
  • Property
  • Motor Vehicle
  • Stocks & Bonds
  • Hypothecated Funds
  • Co-Maker
  • Insurance policies with adequate Cash Surrender value

Maximum Processing Time:

  • Dependent on form of security used

Here are the corresponding checklists:

If using a Motor Vehicle: 

http://www.lascellescreditunion.com/forms/Using%20Motor%20Vehicle%20as%20Security.pdf


If using Property: 

http://www.lascellescreditunion.com/forms/Checklist%20-%20Using%20Property%20As%20Security.pdf


If Using Cash Not Held in Our Credit Union: 

http://www.lascellescreditunion.com/forms/Backed%20by%20Outside%20Cash%20-eg.%20Investments.pdf