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in your loan from another institution. When you refinance with us,
during this special promotion, you will receive 1% off the APR you
are currently receiving (you must submit proof of APR with application).
Subject to loan approval and value of collateral. Real Estate loans
not included. |
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| Requirements: |
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Be
a member in good standing at ABCU for at least three months
and be at least 18 years old |
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Have
verifiable continuous employment for at least six months |
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Provide
a copy of your most recent paycheck stub, verifiable home and
work telephone number |
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You
may have no outstanding Payday loans (at ABCU or elsewhere)
and you must be on payroll deduction or direct deposit sufficient
for payments. |
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A
credit report will be run to be used only for tracking purposes (score)
and for verifications.
Payments begin 30 days after loan disbursement and are due that same
day each month. Late fee is $10 plus 30% of the unpaid balance.
Loans limited to $200 - $500, maximum repayment period is 3 months
at an APR of 21% and a $20.00 non-refundable advance loan fee must
be presented at the time of application. |
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Amount
of Loan |
Monthly
Payment |
Total
Payback |
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$200.00 |
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$300.00 |
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$400.00 |
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$500.00 |
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$ 69.05 |
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$103.58 |
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$138.11 |
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$172.63 |
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$207.15 |
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$310.74 |
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$414.33 |
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$517.89 |
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National
Credit Union Administration (NCUA) |
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Illinois
Department of Financial & Professional Regulations |
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Illinois
Credit Union Systems |
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Credit
Union National Association |
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Burlington
Northern-Santa Fe Association of Credit Unions |
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National
Association of Railroad Credit Unions (NARCU) |
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American
Share Insurance Company (Excess Share Insurance) |
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Aurora
Chapter of Credit Unions |
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