Other Secured Loans
Farm Equipment & Other Untitled Collateral
- Financing term based on used auto terms with a maximum of 60 months
- 100% of collateral value financed for borrowers with a credit score above 658
- 85% of collateral value financed for borrowers with a credit score below 659.
- UCC1 financing statement must be filed with Department of State. If the credit union files UCC1, filing fee of $100 will be charged to member.
***All secured loans are required to have property insurance on the collateral with the credit union listed as loss payee. Failure to carry the required insurance will result in the loss of future borrowing privileges, and a collateral protection policy will be purchased on your behalf, with the premium added to the loan.