VCCU Loan Services

Virginia Coop Credit Union offers a wide variety of financial products for our members. We offer loans for automobiles, motorcycles, ATVs, snowmobiles, boats, jet skis, fixed and variable rate home equity, and home purchases. We also offer fixed and variable rate unsecured loans, as well as credit cards and student loans. To find the right loan for you please call our office at 218-741-5644.

LOAN RATES

Personal loan rates include a 0.25% discount for VCCU automatic payments (excludes mortgages & credit cards).

LOAN TYPES

We have a wide variety of loans and savvy staff to help match the loan that best fits your needs.

Find out more.

LOAN RATES

Type	*APR Rate as low as**
New Car Special	36 mo.	48 mo.	60 mo.	72 mo.
2019-2018 (new) Model Year
100% LTV	3.79%	4.29%	4.29%	4.79%
85% LTV	3.59%	4.09%	4.09%	4.59%
Auto, Truck, Van	36 mo.	48 mo.	60 mo.	72 mo.
2019-2018 Model Year (used)
100% LTV	3.79%	4.29%	4.29%	4.79%
85% LTV	3.59%	4.09%	4.09%	4.59%
2017-2016 Model Year
100% LTV	4.49%	4.99%	4.99%	5.49%
85% LTV	4.29%	4.79%	4.79%	5.29%
2015-2014 Model Year
100% LTV	4.99%	5.49%	5.49%	5.99%
85% LTV	4.79%	5.29%	5.29%	5.79%
2013-2012 Model Year
100% LTV	5.49%	5.99%	5.99%	—
85% LTV	5.29%	5.79%	5.79%	—
2011-2010 Model Year
100% LTV	6.49%	6.99%	—	—
85% LTV	6.29%	6.79%	—	—
2009 and older Model Year
85% LTV	6.99%	7.49%	—	—
75% LTV	6.79%	7.29%	—	—
New Recreational, Snowmobile, ATV, etc
Max term 60 months	100% LTV 85% LTV		5.99% 5.79%
Used Recreational, Snowmobile, ATM, etc
Max term 60 months	90% LTV 75% LTV		6.74% 6.54%
New Boat, Motor Trailer
Max term 84 months	100% LTV 85% LTV		4.99% 4.79%
Used Boat, Motor Trailer
Max term 60 months	95% LTV 75% LTV		5.49% 5.29%
New Motorcycle
Max term 72 months	100% LTV 85% LTV		4.79% 4.59%
Used Motorcycle
Max term 54 months	90% LTV 75% LTV		5.99% 5.79%
New Motorhome, Travel Trailer & Camper
Max term 120 months	90% LTV 75% LTV		5.24% 5.04%
Used Motorhome, Travel Trailer & Camper
Max term 96 month	95% LTV 85% LTV		5.99% 5.79%
Home Equity LOC
Up to 80% LTV	6.50%
80-100% LTV	8.25%
Fixed Rate Home Equity (minimum $20,000)
up to 80% LTV – 1st position only	4.49%
Share Savings Secured
	2.99%
Share Certificate Secured
	2.99%
Signature Loans (minimum $500)
Max term 60 months	9.24%
Unsecured Home Improvement
Max term 60 Months, $3,000 – $10,000	6.49%
Overdraft Loan
	10.00%

*APR = Annual Percentage Rate

+ 0.25% rate without automatic payment on all fixed rate loans not secured by residence.

+ 0.50% for any boat, motorhome, camper, or trailer over 60 months.

Final Rate is dependent on credit. Rates stated reflect 720+ credit bureau score.

LTVs over 100% may be available on some loans. Call our office for details.

VCCU LOAN TYPES

VCCU loans offer competitive interest rates and friendly, personalized service. We offer a 0.25% discount for an automatic payment from a VCCU account.

We offer great rates on secured loans for new and used vehicles of all types, including:

Cars
Trucks
Motorcycles
Boats
ATVs
RVs
Jet Skis
Snowmobiles
Campers

Unsecured loans use only the borrower’s signature and promise to pay as collateral. VCCU offers the following types of Unsecured or Signature loans:

Fixed-Rate Unsecured
Variable-Rate Unsecured
Credit Card
Overdraft Line of Credit

Buying a home? VCCU can help!

We have FHA loans, VA loans, and other funding options available. Please call us at 218-741-5644 for rates and to talk to a home mortgage specialist.

Virginia Coop Credit Union – NMLS # 728371
Hannah Wells – NMLS ID# 1579063
Donald Rausch – NMLS ID# 747292
Ethan Brinkman – NMLS ID# 1829178

Virginia Coop is pleased to now offer Sallie Mae student loans.

Get Started Here

HOME EQUITY LOANS

VCCU offers both fixed and variable rate Home Equity Loans.

What is the difference?

Home Equity Loan – You get a lump sum at the time of the loan. You have a fixed payment and a fixed interest rate for the duration of the loan. Once you get the money, you can not borrow further from the same loan without refinancing. A home equity loan works very similar to an auto loan but has your home as collateral. It is perfect when you know how much you need to borrow at the time of the loan and do not anticipate to borrow more in the near future. You can use this to refinance your home for a lower interest rate, pay off your home before retirement, home improvements, and debt consolidation. Consult you tax advisor for tax deductibility.

Home Equity Line of Credit – A flexible option that allows you to access the equity in your home when you need it. A Home Equity Line of credit has a variable rate and the ability to access the money from the same loan more than once. Once you pay down a balance, you can borrow again. It works similar to a credit card with your home as collateral. It is perfect for the project where you will need to withdraw money more than once, have different cash flow needs at different times, or do not know the final cost of a project at the time of the loan. Home renovations are a great example of when to use a Home Equity Line of Credit. Consult your tax advisor for tax deductibility.

Virginia Coop Credit Union – NMLS # 728371
Donald Rausch – NMLS ID#   747292
Hannah Wells – NMLS ID#   1579063
Ethan Brinkman – NMLS ID#   1829178