Loan Services

Loan Services

Machinists-Boilermakers wants to make it easy for you to borrow. Whatever your needs we probably have a loan for you. Loans are reviewed and disbursed daily.

New Auto | Used Auto | Signature | Share | Boat & Rv | Motorcycle

We offer Member pay Credit Life and Disability Insurance on all loans. GAP Protection available on most collateral loans; please see your banker for details.

New Auto Loans

See Your Credit Union for A Pre-approved New Auto Loan! It will make buying a car easier. Get your financing done before going to the Dealer.

Check Kelley Blue Book for new car prices.

We Now Offer (GAP) Guaranteed Auto Protection

GAP protects you from financial loss in the event your automobile is totaled or stolen. It covers the difference between the market value of your car and the loan balance.

Example:

Loan balance after one year$20,000.00
Value of car after one year$15,000.00
Insurance settlement$15,000.00
Deficiency balance$5,000.00
GAP pays$5,000.00
YOU OWE$0.00

Without GAP you would be responsible for the $5,000 balance.You can have this protection for $275.00. This amount can be added to you loan.

Used Auto Loans

Machinists-Boilermakers FCU offers Used Auto Loans. You get the same great rate on a used auto as a new one.

We will loan up to 100% of the NADA average retail price. We will refinance a used vehicle financed through another financial institution for the length of time remaining on the original loan.

WE OFFER PREAPPROVED USED AUTO LOANS!!!

Check out Kelley Blue Book to get a trade in value on your car, or price on the car you’re looking for.

Signature (Unsecured) Loans

Unsecured Signature Loans offer by our credit union are great when you need a loan for taking a get a way vacation, consolidating debts or whatever reason you need the money for.

With flexible terms and rates, you can have your payment deducted automatically from your share account each month.

We make Signature Loans up to a maximum of $5,000.

Share Secured Loans

Machinists-Boilermakers FCU offers Share Secured Loans in which your savings deposits (share accounts and share certificates) with the Credit Union may be used as collateral to secure a loan. You may borrow up to 100% of the available balance in your share account or share certificate.

With a Share Secured Loan you have the benefit of a lower interest rate. As your payments are made, your secured shares are released. A Share Secured Loan is fast easy to obtain. It’s a great way to borrow while still saving. Plus your shares still earn dividends.

Ask Us About Our Boat & RV and Motorcycle Loans!

Equal housing lender
NCUA