LOANS

WHO IS ELIGIBLE FOR LOANS?

Any member in good standing at the credit union may apply for a loan. LANECO FEDERAL CREDIT UNION will consider a loan for ANY REASONABLE PURPOSE.

SIGNATURE / PERSONAL LOANS

This is a basic unsecured loan. Members will qualify based on their good credit record, employment history, and ability to repay the loan. Maximum loan amount is $10,000.00. Maximum repayment term is 48 months.

SHARE / CERTIFICATE SECURED LOANS

This loan uses a member's shares or time certificate (CD) as collateral for the loan. The loan limit is based on the amount of shares in your share account with LANECO FEDERAL CREDIT UNION. Our interest rate is very competitive and your shares or certificate continue to earn the usual high dividend rate while you repay your loan.

NEW AND USED AUTO LOANS

LANECO FEDERAL CREDIT UNION offers great low rates on both new and used vehicles. New cars may be financed for up to 72 months

Pre-approval is available before you buy. There is no application fee. Apply today and let us show you how easy and convenient your auto buying experience can be.

NEW AND USED RV LOANS

Motor home, 5th Wheel Trailer, Travel Trailer, Camper and Boat loans are available with terms and great low rates to meet your needs. We offer financing for up to ten (10) years depending on the age of the collateral. There is no application fee.

HOME EQUITY LOANS

Whether you need home improvements, college tuition, or a bill consolidation, Laneco has the perfect loan for you. No loan fees. Members pay the cost of the title insurance, recording fees and a flood hazard determination as well as inspection with pictures. Competitive rates with maximum repayment term of fifteen (15) years.

Please call us for a loan application or stop by our office.