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Get the financing you need for Family, Business, or whatever adventure life has for you.

Payment Buster Loans

Payment Buster Loans...the Smart Choice in New and Pre-Owned Vehicle Financing!

How would you like a low payment vehicle loan program that combines the best features of conventional financing along with the benefits of leasing?

The Payment Buster program at Great Lakes First Federal Credit Union gives you the best of both worlds. Like a lease, it offers payments considerably lower than conventional financing, but you actually own your vehicle.

You can use this loan on new vehicles OR used vehicles up to 5 years old! Other benefits include:

  • Payments up to 40% lower than conventional loan payments*
  • No application fee
  • No capitalization fees
  • 100% financing with no money down
  • Option to sell, trade, finance, or 'walk away' at loan maturity
  • No early payoff penalty
  • Mileage options of 12,000, 15,000, and 18,000 per year available

Ready to find out how low your Payment Buster payment could be?

Click here to visit our Payment Buster CarBuilder Calculator to find out!

*Actual rates based on vehicle and credit score. Qualified members only.

Auto/Motorcycle/ATV Loans

New or used vehicles.  GLFFCU provides low rates, quick and easy approval, no pre-payment penalties, and a variety of terms.  Save hundreds of dollars by financing your auto loan with us!  Refinance your current auto loan with us to get our low rates and save some money!  Credit life, disability, and GAP insurance available.  Apply here.

Details:

Loan Type Up to 36 mos.APR* as low as** Up to 48 mos.APR* as low as** Up to 60 mos.APR* as low as** Up to 72 mos.APR* as low as** Up to 78 mos.APR* as low as**
2015-2017 Titled Collateral 2.50% to 12.50% 2.60% to 12.60% 2.75% to 12.75% 3.00% to 13.00% 3.75% to 13.75%***
2011 - 2014 Titled Collateral 3.00% to 13.00% 3.25% to 13.25% 3.50% to 13.50% 3.90% to 13.90% -
2007-2010 Titled Collateral - 4.50% to 14.50% 4.90% to 14.90% - -
2006 & Older Titled Collateral 5.90% to 15.90% - - - -

Effective May 19, 2017

Consumer Loan Payment Example: New auto loan of $20,000 for three years at 2.25% APR will have a monthly payment of $575.05.

Used Vehicles: Any vehicle older than 8 years needs a visual inspection by Credit Union personnel and a picture for the file
90-day charge back on all reserves
*APR is Annual Percentage Rate
**Rates are based on credit score.
***Over $20,000 and 2016 or 2017 vehicles only.

Personal Loans

Personal  loans are perfect for financing vacations, weddings, car repairs, home repairs, cover unexpected expenses and bill consolidations.  Guaranteed fixed rate, no application fees and no pre-payment penalties.  Credit life, disability, and GAP insurance available.  Apply here.

Rates:

Up to 24 mos.APR* as low as** Up to 36 mos.APR* as low as** Up to 48 mos.APR* as low as**
6.50% to 16.50% 6.75% to 16.75% 7.00% to 17.00%

Consumer Loan Payment Example: New personal loan of $5,000 for 36 months at 6.75% APR will have a monthly payment of $153.82.
*APR is Annual Percentage Rate
**Rates are based on credit score.
Programs, rates, terms and conditions are subject to change without notice.

RV/Boat Loans

Looking to hit the road and spend some time with nature?  GLFFCU has motor home/camper loans at great rates, great terms, no application fees or pre-payment penalties.  Balloon rates/terms are available too.  Credit life, disability, and GAP insurance available.  Apply here.

Rates:

Loan Type Up to 60 mos.APR* as low as** Up to 84 mos.APR* as low as** Up to 120 mos.APR* as low as** 120 Month Pay OutAPR* as low as** 180 Month Pay OutAPR* as low as**
New 2016 - 2014 3.90% to 13.90% 4.90% to 14.90% - - -
Balloon Rates (5 Year) - - - 3.90% to 13.90% 4.90% to 14.90%
Used 2013 - 2007 4.90% to 14.90% 5.90% to 15.90% - - -
Balloon Rates (5 Year) - 4.90% to 14.90% 5.90% to 15.90% - -
2006 & Older*** 6.25% to 16.25% - - - -

Consumer Loan Payment Example: A boat loan for $20,000 for 84 months at 4.90% APR will have a monthly payment of $281.77.
*APR is Annual Percentage Rate
**Rates are based on credit score.
***Can add 12 months if over $10,000
Programs, rates, terms and conditions are subject to change without notice.

Snowmobile Loans

From the trail to the open water, GLFFCU has a loan to help you make the most of your free time.  We have great rates, no application fees or pre-payment penalties.  Refinance your current auto loan with us to save money!  Credit life, disability, and GAP insurance available.  Apply Here

Rates:

Up to 36 mos.APR* as low as** Up to 48 mos.APR* as low as** Up to 60 mos.APR* as low as**
6.90% to 16.90% 7.50% to 17.50% 7.90% to 17.90%

Consumer Loan Payment Example: Snowmobile loan of $15,000 for 48 months at 7.50% APR will have a monthly payment of $362.71.
*APR is Annual Percentage Rate
**Rates are based on credit score.
Programs, rates, terms and conditions are subject to change without notice.

One Payment Notes

Need cash fast?  A one payment note is the loan for you.  Money borrowed will be paid back in one lump sum payment at the end of the term.  Term limits and rates vary.  Apply here.

Rates:

APR*
Titled Collateral** Ask a loan officer for details
Untitled Collateral** 6.95% - 16.95%
Personal 7.95% - 17.95%

*APR is Annual Percentage Rate
** Purchase money only
Rates are based on credit score.
Programs, rates, terms and conditions are subject to change without notice.

Share Secured Loans

Loans fully secured by the money in your savings account, Share Secured Loans are a great option to help build credit or make a purchase without touching your savings.   Money can be pledged for yourself, family or friends.  Savings account will continue to earn dividends.  Rate is 4% for 60 months maximum.  Apply here.

Certificate Secured Loans

A loan that allows you to pledge all of the money in your certificate’s principal balance for as long as the certificate is opened.  Great way to build credit or make a purchase without closing your certificate.  Rate is 2% above the certificate’s rate.   Apply here.

Rates:

Certificate 2.00% above share certificate rate
Shares 4.00% APR* (60 month max)

Consumer Loan Payment Example: New secured loan of $20,000 for 60 months at 4.00% APR will have a monthly payment of $368.35.
*APR is Annual Percentage Rate

Mortgages

We offer a wide range of products with flexible down payment options and competitive rates.  GLFFCU’s mortgage loan experts can listen to your specific needs and get a mortgage that’s just right for you.  Balloons, fixed rate, FHA, VA, Adjustable Rate Mortgages or Jumbo are some of the mortgage products we can offer you.  Get pre-approved before you start looking so you know what you can afford.  $350.00 non-refundable application fee is due when the application is approved.  Talk to a Loan Officer today!

Clara Adams, NMLS ID #411131

Lynn Deneau, NMLS ID #411127

Rose Headington, NMLS ID #411129

Holly Thomma, NMLS ID #1486081

Wayne Johnson, NMLS ID #411130

Sarah Slagstad, NMLS ID #411132

Great Lakes First Federal Credit Union, NMLS ID #410637

Home Equity Line of Credit

A convenient way to finance home improvements, renovations, repairs, appliance purchases or to consolidate high interest debt.  Borrow up to 80% of your home’s value.  Minimum line of credit amount is $7,500.00.  Variable rates and terms.   Talk to a Loan Officer today.

Credit Cards

GLFFCU offers 2 types of credit cards:  Classic VISA and Platinum VISA.  Both have low interest rates, no annual fees, no balance transfer fees and no cash advance fees.  Easy payment options, 25 day grace period and 24 hour account access through www.ezcardinfo.com.  Both cards are EMV chip enabled and protected from unauthorized purchases with Zero Liability.  Apply online here.

Platinum VISA offers a Score Card Rewards program.  For every dollar you spend you earn a point.  Points can be used for travel, hotels, car rentals, apparel, electronics, jewelry, theme park attractions and more.  Go to www.scorecardrewards.com to see a complete list.

Rates:

*APR is Annual Percentage Rate
**Rates are based on credit score.
Programs, rates, terms and conditions are subject to change without notice.

 

INTEREST RATES AND INTEREST CHARGED
Annual Percentage Rate (APR) for Purchases 6.9%, 8.9%, 12.9% or 17.9%
When you open your account, based on your creditworthiness.
APR for Balance Transfers 6.9%, 8.9%, 12.9% or 17.9%
When you open your account, based on your creditworthiness.
APR for Cash Advances 6.9%, 8.9%, 12.9% or 17.9%
When you open your account, based on your creditworthiness.
How to Avoid Paying Interest on Purchases Your due date is at least 25 days after the close of each billing cycle. We will not charge you any interest on purchases if you pay your entire balance by the due date each month.
For Credit Card Tips from the Consumer Financial Protection Board To learn more about factors to consider when applying for or using a credit card, visit the website of the Consumer Financial Protection Bureau at http://www.consumerfinance.gov/learnmore.
FEES
Annual Fee None
Transaction Fees

  • Balance Transfer
  • Cash Advance
  • Foreign Transaction

None
None
1% of each transaction in U.S. dollars
Penalty Fees

  • Late Payment
  • Over-the-Credit Limit
  • Returned Payment
 

Up to $15
None
Up to $15

How We Will Calculate Your Balance: We use a method called “average daily balance (including new purchases).”

Credit Life and Disability Insurance

There’s no way to predict an injury, illness or an unexpected death, but you can take steps along the way to make sure your family is provided for.  A premium that is included with your monthly payment.  If you have a balance on your loan and are totally disabled due to a covered injury or illness, Credit Disability insurance may help cover the loan payment.  In the event of your unexpected death, Credit Life may help to pay off the loan.  Ask your Loan Officer for details.

GAP Plus

The second you drive your new vehicle off the lot it drops in value.  Guaranteed Asset Protection Plus (GAP Plus) fills the gap between what your vehicle insurance will pay and what you owe on your loan, to help you against sudden out-of-pocket expenses if your vehicle is totaled.  GAP Plus is available for automobiles, motorcycles, ATV, snowmobiles, watercrafts or RV’s.  A one-time fee that can be paid up front or added to the loan amount.  See a Loan Officer for details.

Credit Reports

Credit reports may affect your mortgage rates, credit card approvals, apartment requests, or even your job application.  Suspicious activity or accounts you don’t recognize can be signs of identity theft.  Review your credit reports to catch problems early.

www.AnnualCreditReport.com is the only official site explicitly directed by Federal law to provide a free credit report to consumers.  Get a free copy of your credit report every 12 months from each credit reporting company.  Ensure that all information on your credit report is correct and up to date.

Skip A Payment

Take advantage of GLFFCU’s Skip a Payment program to help with your financial burdens.  Skip a Payment allows you to skip one loan payment a year (non-consecutive) for a low $35.00 fee.  All loans must be current to qualify.  Mortgages, HELOC’s and credit cards are not available with this program.  See a Loan Officer for details or fill out the Skip a Payment form and return to the credit union.

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