Our Risk-Based Lending is designed to reward you with a lower Annual Percentage Rate on your loan application as determined by your credit bureau credit score and your credit relationship with the Credit Union.
The better your credit bureau score the lower your rate! You can also earn additional discounts based on your credit relationship with the Credit Union to further lower your rate. Discounts include a .5% discount for direct deposit with automatic loan payments from a Credit Union checking account, a .25% discount for 3 prior paid as agreed Credit Union loans, and a .25% discount for having a Credit Union Visa account in good standing.
Applicants with lower credit scores may now qualify with an appropriately priced APR and are also eligible for the discounts.