Used Auto and Boat Loans - 6.99% (Length of loan depends on age of collateral)
New Signature Loans - 7.99%
Refinanced Signature Loans - 15%
Each loan application will be checked through the Credit Bureau and evaluated by the credit committee. Also, the maximum loan will be limited to 50% of a member's debt ratio.
The Board of Directors of the ALEC Federal Credit Union declared dividends for the third quarter of 2011 to be paid as follows:
$100-$10,000
.5%
$10,001-$25,000
.10%
$25,001-$50,000
.35%
$50,001-$75,000
.60%
$75,001-over
.75%
Contact your credit union at 225-293-3450 or 1-800-355-3450 for information on applicable terms. To request a loan application form, e-mail alecfcu@alec.coop.
