GAF Linden Employees Federal Credit Union

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bulletInterest Rate:  7% apr
bulletNo maximum term
bulletMust be secured by funds in your Credit Union share account.

This type of loan is great for someone trying to establish or re-establish credit since we report to a credit bureau.

It is also a great type of loan for those who do not want to deplete their savings.  Borrow against them.  

bulletSubmit a completed loan application along with a copy of your last pay stub for approval.
bulletThe required signing of paperwork remains the same for any type of loan with the Credit Union.

To establish credit:

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The proceeds of your loan will be a deposit into your share account.  You make your monthly payments.  Once the loan is paid, the proceeds are then released to you.