Consumer Loans

Your Financial Success is Our Mission

Public Service Credit Union is committed to helping you achieve your financial goals. We offer a variety of loan options to fit your needs, from purchasing a new home to financing your dream vacation.

How It Works:

To apply for a loan, complete an application and provide proof of income. Our credit union staff will handle the credit report and debt-to-income ratio calculations as part of the approval process.

Maximum Loan Amount:

The aggregate maximum loan amount for all loans is $500,000.00 per member.

Ready to Get Started?

Explore our loan options below and apply online or visit the credit union. Our friendly loan officers are here to assist you.

Are you ready to hit the road in style? Public Service Credit Union offers competitive loan rates and flexible terms on both new and used vehicles. Whether you're dreaming of that brand-new SUV or a reliable pre-owned car, we've got you covered.

Why Choose Us?

• Competitive Rates: Enjoy low interest rates on your auto loan.

• Flexible Terms: Choose a repayment plan that fits your budget.

• Quick Approvals: Get approved quickly and easily.

• Exceptional Service: Our dedicated loan officers are here to help.

• Vehicle Buying Tips: Our team can check the value of vehicles you are shopping for with JD Power for free and even provide a Carfax report for a specific vehicle at a low cost. You can always apply before you start shopping to get an idea of how much you are approved for when looking at vehicles.

Loan Refinancing

If you already have an auto loan, refinancing may be a good option to save money. Here's how it works:

• You get a new loan with a lower interest rate from Public Service Credit Union to pay off your existing loan.

• A lower interest rate can translate to significant savings over the life of your loan.

• Refinancing can also help you shorten your loan term or lower your monthly payment.

Here are some reasons to consider refinancing your auto loan:

• Your credit report has changed since you took out your original loan.

• Interest rates have dropped since you took out your original loan.

• You want to lower your monthly payment.

• You want to shorten your loan term.

Ready to embark on your next adventure? Whether you're dreaming of cruising the open road in an RV, exploring off-road trails in an ATV, or enjoying the thrill of water sports with a boat, Public Service Credit Union has the perfect loan to make it happen.

We Finance Your Fun:

• RVs: From motorhomes to travel trailers, we offer competitive rates and flexible terms to help you find the perfect RV for your family.

• Campers: Whether it's a tent camper or a pop-up, we can help you finance your camping adventures.

• Boats: From fishing boats to pontoon boats, we'll help you find the right loan for your on-water escapades.

• ATVs & UTVs: Explore off-road trails with confidence knowing you have an outstanding loan to match your adventure.

Why Choose Us?

• Competitive Rates: Enjoy low interest rates on your recreational vehicle loan.

• Flexible Terms: Choose a repayment plan that fits your budget.

• Quick Approvals: Get approved quickly and easily.

• Exceptional Service: Our dedicated loan officers are here to help.

Now you can protect your vehicle investment with Guaranteed Asset Protection (GAP). GAP offers protection in the event that your vehicle is stolen or damaged beyond repair (deemed a Total Loss) and is available for borrowers that finance their vehicle(s) with a loan from Public Service Credit Union.

Here's how GAP works. Let's say after one year, the vehicle you purchased for $25,000 is now valued at just $16,000, but you still owe $20,000 when it is involved in an accident and your insurance carrier deems it a Total Loss. Most insurance policies will only reimburse you for the “Actual Cash Value (ACV)” of your vehicle, $16,000 in this case, leaving you with a large loan balance and no vehicle. Here is an example of what you would owe without GAP;

• Amount you owe on your auto loan = $20,000

• Your Insurance Company “ACV” = $16,000

• Your Insurance Deductible = $500

• Amount Paid by your Insurance = $15,500

• Remaining loan balance or GAP = $4,500

What's the cost for this valuable protection? Our GAP is just $425.00 for most types of collateral like new and used cars, trucks, and motorcycles. This is a small price to pay for real peace of mind!

GAP...For Affordable Peace of Mind**. For more information, please get in touch with Public Service Credit Union or e-mail your questions and we'll reply as soon as possible.

**This is general information only. Please refer to your actual GAP Waiver Addendum (GAP) for terms, conditions, coverage, limitations, and restrictions. GAP is not an insurance policy and does not replace or eliminate the need for vehicle insurance coverage. GAP is designed to “help” reduce the difference between your primary carrier insurance settlement and the loan balance at the date of loss. However, there are exclusions and limitations for items like delinquent payments, late charges, refundable items and financing more than the allowable Loan to Value (LTV%) limit that could leave you responsible for a loan balance after the GAP benefit is applied to your loan. You may cancel GAP during the first 60 Days and receive a full refund of any fee paid. GAP is non-refundable in most states after the first 60 Days.

When buying any vehicle, there is always a chance of having a mechanical breakdown. However, you will have peace of mind knowing that most problems can be taken care of with a vehicle service contract from Auto Exam. Public Service Credit Union members can purchase vehicle service contracts for any vehicle you own (you don’t have to have a loan with the credit union) with Auto Exam. Credit union staff and members have had a great experience working with Auto Exam and believe it is a great value for members’ vehicles.

There are many good reasons to purchase a vehicle service contract. Below, we list just a few of the most common:

• PROTECT YOUR BUDGET: The cost of automobile repairs has soared over the past few years. The technology in modern vehicles is expensive. Labor rates have also been on a steady climb as well. Unexpected auto repairs can break your budget and your savings. Many repairs cost thousands of dollars. Most people do not have those funds lying around for an unexpected repair. And no one wants to be without a car. A vehicle service contract will help pay for some of these unexpected repairs and keep your vehicle on the road. The cost of the coverage can be financed by Public Service Credit Union, leaving you with just a small monthly payment increase for coverage.

• PEACE OF MIND: Having a vehicle service contract can help give you peace of mind, knowing many of your future unexpected costs will be covered. Protecting your vehicle with a vehicle service contract can help you avoid the future stress of unforeseen repair costs.

• ADDED BENEFITS: In addition to the repair coverage, you also receive added benefits such as Toll-Free Roadside Assistance, Rental Benefits, Trip Interruption, and Tire Roadhazard Benefits included with your coverage.

What is Auto Deductible Reimbursement, and what does it cover?

In the event you make a claim on any motor vehicle you own and are insured under your primary automobile insurance, this coverage will reimburse you for paid deductible up to $500. Coverage is for both collision and comprehensive claims.

If you purchase GAP, you will receive ADR for free for two years. If you purchase GAP and a vehicle service contract, you will receive ADR for free for three years. This program is available for purchase by itself at cost for one, two, or three-year terms. Call today for more information about these programs.

Need cash fast? Your valuable possessions could be the key. Our personal loans offer a flexible financing solution backed by your assets.

How it Works:

• Secure Your Loan: Use items like jewelry, equipment, or other valuable possessions as collateral.

• Professional Appraisal: You must arrange or provide a relatively recent, professional appraisal to determine your item's value.

• Loan Approval: Our loan officer and credit committee will review your application based on the appraisal and your creditworthiness.

• Access Your Funds: Once approved, you'll receive your loan funds quickly.

Key Benefits:

• Competitive Rates: Enjoy lower interest rates compared to unsecured loans.

• Flexible Terms: Choose a repayment plan that suits your budget up to a five-year term.

• Quick Approval Process: Get the funds you need when you need them.

Important Considerations:

• Your collateral must have a valid appraisal.

• Your collateral must be insured.

• Loan approval is subject to the discretion of our loan officer and credit committee.

A Share Secured Loan allows you to borrow against the value of your shares in the credit union. It's a smart way to access funds while keeping your savings intact.

How It Works:

• Use Your Shares as Collateral: Your shares serve as security for the loan.

• Competitive Rates: Enjoy lower interest rates compared to traditional loans.

• Flexible Terms: Choose a repayment plan that fits your needs.

• Quick Approval Process: Get the funds you need fast.

Benefits of a Share Secured Loan:

• Preserve Your Savings: Your shares remain in your account, earning dividends.

• Build Credit: Making timely payments can help improve your credit score.

• Versatile Use: Use the loan for anything from home improvements to debt consolidation.

Unsecured Loans

Our Signature Loan might be the perfect solution. This unsecured loan is based solely on your creditworthiness, making it a convenient option for unexpected expenses or short-term financial goals.

How it Works:

• Simple Application: Apply online or at the credit union.

• Quick Approval: We'll review your application and promptly notify you of the decision.

• Flexible Terms: Choose a repayment plan that fits your budget.

Key Features:

• Unsecured Loan: No collateral required.

• Fixed Term: Clear repayment schedule with consistent payments.

• Up to $5,000: Borrow the amount you need.

Important to Know:

• Membership eligibility and credit approval apply.

• Members with an active Kwik Cash line of credit are ineligible.

Need a little extra cash? Our Kwik Cash line of credit offers financial flexibility when you need it most. Just like a credit card, you can borrow up to your approved limit and repay it over time.

How It Works:

• Access Funds: Borrow up to $5,000 when you need it.

• Repay Flexibly: Make minimum payments or pay off the balance in full.

• No Minimum Payment: Enjoy the freedom of no minimum payment when your balance is zero.

Key Benefits:

• Unsecured Loan: No collateral required.

• Revolving Credit: Borrow and repay as needed.

• Convenient Access: Manage your account online or through mobile banking.

Important to Know:

• Membership eligibility and credit approval apply.

• Members with an active Signature Loan are ineligible.