Loans
Nobody does loans better than we do!
Car, Truck, Motorcycle, Boat, and Other Secured Loans
With a CICU auto loan, you can be sure you're not paying too much on the financing of
your vehicle. When you finance your car purchase, you're really purchasing two items:
the car itself, and the financing. People will haggle for hours to get the best price on the
vehicle of their dreams, only to lose all of their hard-earned savings to a bank or
financing company when they sign the loan papers. At your credit union, our loans are
designed to work to your advantage. We always use simple interest loans, so you will
never pay an interest penalty on your loan should you sell or trade your car before the
end of the original term of the loan. We will even beat bona fide rates from other credit
unions or banks!*
Personal Loans
The Central Illinois Credit Union personal loan allows you the convenience and flexibility
to apply for a loan up to $15,000 with no collateral required. You can use the proceeds
of your loan any way you like: to consolidate and possibly lower high-interest debt, a
dream vacation, new furniture, a computer, home improvements—whatever your need
or desire! You are assured of the same favorable treatment as our secured loans - great
rates and personal service!
Payday Alternative Loans
Borrow up to $300 on your first loan for unexpected expenses. There is no credit check
and you may take up to six months to repay the loan. Increase the loan amount up to
$500 after your first Payday Alternative Loan (PAL) balance has been paid in full. Call us
for more details.
Apply Now!
Need some cash today? Simply visit our Online Loan Application to apply for your loan now.
*Restrictions apply. Call for details.
Member Rewards
If you currently use or sign up for any of the following services, your loan rate can be even lower:
SHARE DRAFT ACCOUNT– Deduct .10%
CICU VISA–Deduct .10%
DIRECT DEPOSIT– Deduct .10%
AUTOMATIC PAYMENT ON LOAN– Deduct .10%
Deduct up to .40% APR total off your next loan rate! For example, if the stated rate is 3.89% APR, you could lock in a rate as low as 3.49% APR!
There's more . . .
The same discounts as above apply to Personal Unsecured/Signature loans as well. Using an advertised rate of 9.90% APR, personal loans would then be available for as low as 9.50% APR!
We call these discounts our Member Rewards program, and it can save you up to .40% on your next loan—all you have to do is take advantage of some of the many convenient services your credit union offers.
