Loan Application Cover Sheet Consumer Loan Application

The River Valley Credit Union has available inexpensive joint or single life insurance for a small monthly payment so that a loan up to $30,000 would be paid in full in the event of death. Disability insurance is also available at minimal cost. Disability insurance will make your loan payments for you in the event of extended illness or disability. Both life insurance and disability insurance are on a ''pay as you go'' basis so there is no large lump sum premium frontloaded on your loan. That would cost you more and we are here to help you save money. Talk to one of our loan officers for details and a price quotation.

Our members may select from the following loan types —

Kim Gouger, VP Consumer Loans

AUTOMOBILE LOANS
New automobiles or used, you will find us competitive with any other financial institution.

For NEW CARS, we will lend up to 110% of the MSRP for a maximum of 72 months. Program cars are treated as new cars as long as the new car warranty is available.

For USED CARS up to six model years old, we lend according to the NADA retail value. We subscribe to the NADA automobile valuation system and will be happy to supply you with average retail and trade in costs of a vehicle that you are interested in.

SHARE SECURED LOANS
The least expensive way to borrow. You may use the amounts in your base savings account as collateral for a loan. Since the loan is fully collateralized, we charge an extremely low rate of interest.

HOME MORTGAGE LOANS
We engage in a correspondent home mortgage program with other lenders, for fixed rate products. You will find our rates and closing cost to be very competitive. PLUS! Our credit union mortgage officer will assist you through the paperwork jungle in a caring and credit union way. Let us do the worrying for you! We're here to assist you. River Valley Credit Union is an equal housing lender.

HOME EQUITY LOANS
For members that already own a home, you may qualify for a low interest, low cost, variable rate home equity loan. The loan is secured by the equity in your home. A maximum credit line is established and you may draw funds as you desire. Usually, the interest on a Home Equity Loan is tax deductible but check with your tax advisor to be sure. Funds may be used for any purpose such as a new car, college tuition, bill consolidation, home improvements and more.

OVERDRAFT LOANS
Overdraft protection is a line of credit that is attached to your checking account. You may use the credit line at any time by simply writing a check for more than you have in your checking account. We will honor the check for up to the maximum of your credit limit. What a wonderful way to write your own loan any time you need it!!!!! There is no service fee for overdraft protection. You only pay interest on any outstanding loan balance.

We have a number of other secured loan types available such as —

• Mobile Home loans
• Motor Home loans
• Motorcycle loans
• RV Loans
• Boat loans