Based upon length of IWU employment, members may obtain unsecured (signature) loans
up to $7,500 for a maximum period of 48 months.
Acceptable collateral includes: clear title to vehicle, member's shares or co-signer's
shares. The Credit Union does not accept titles, deeds, abstracts to real estate or
personal property (such as jewelry, furniture, stocks, bonds, certificates of deposit,
etc.) for collateral.
When using a car as collateral, it is mandatory to:
- obtain total comprehensive insurance made payable to the IWU Federal Credit Union
to cover the amount of the loan.
- send a copy of the policy from the insurance company to the IWU Business Office within
30 days of the day the loan is made - or the loan is subject to call.
(Maximum for all loans: $50,000)
New Unsecured (Signature) Loan Terms:
- All unsecured loans at 10%
- IWU Employment:
Check out our NEW rate
New Car Loans
up to 60 Months
61 - 72 Months
Used Car Loans
1-4 year old cars up to 60 months
5 years and older up to 48 months
Loan not to exceed 60 months
Loan not to exceed 48 months