All rates (except Home Equity Loan) reflect 1/2 % reduction for automatic payment. 

Stated Loan Policies Effective 04-01-2009   
 
To be eligible for a loan, you must have the equivalent of one  loan payment or $100.00 (which ever is greater),

secured in your account,   up to a maximum of $500.00, for the life of the loan. 

All Loan rates reflect the Annual Percentage Rate (APR).  Loan rate is determined by the loan quality rating.  

FICO Credit Score will determine the loan quality rating.   

All loans subject to credit approval.      

Rates and terms subject to change.      

APR = Annual Percentage Rate. 

Loan Maximums  

Up to $5,000 maximum on signature with a repayment schedule of 5 years. 
Up to $15,000 maximum debt consolidation loan with repayment schedule of 5 years. 
Up to $20,000 maximum with bill of sale of car as security with a repayment schedule of 5 years. 
  
Total of all loans combined is not to exceed the maximum loan amount in each category. 
Total individual signature loan over the maximum for the category will be based on members loan status and ability to pay. 
Total individual used car loan amounts over $20,000 are based upon members loan status and ability to pay. 
Cannot be combined with any other loans. Total of signature plus debt consolidation loan not to

exceed maximum loan amount in debt consolidation loan category 
Co-signer must meet the same qualifications for loan category. 

DEBT CONSOLIDATION LOANS -  Automatic Payment is required.   

Creditor payoffs are made directly by the credit union. (Borrower is to provide bill payment stubs)  

No loan proceeds are to go directly to the borrower.  Loan proceeds cannot be used to refinance

existing Parlin DuPont Credit Union loans  

NEW CAR TERMS  - 90 % financing on new car loan 60 months and over. 

100% Financing available for 60 and 72 months - call for current rates. 

 Loan amounts based on individual borrower qualifications.     
For qualified individuals, loans over $25,000 can have a payback of up to 72 months.

On new cars, the listed  purchased price on the dealers Order Sheet (including tax, warranty, fees, etc.)    

USED CAR TERMS—The maximum loan with a Bill of sale as security is the average

loan value of the car, plus extras as shown in the official NADA Used Car Guide Book.  

The Total price for cars purchased through Enterprise Car Sales will be the basis of the loan. 

Age of car will determine maximum payback. 

SHARE SECURED LOAN—Credit Report is not required for Share Secured Loans.

Must be FULLY secured with the share balance for the full term of the loan. All funds must be on deposit

at Parlin Dupont EFCU for the entire term of the loan.  (IRA Certificates are excluded)

HOME EQUITY LOAN—Parlin DuPont Employees FCU only offers fixed rate Home Equity Loans.  

Application Fee of $350.00. 
Payback from 5 to 15 years (60 to 180 Months). The property to be used as collateral must be your

primary residence and be located in New Jersey.  The credit union will not be less than second mortgage holder. 

If any second mortgage exists, it must be paid from the proceeds of this loan.  maximum loan amount $150,000. 

Loans are eligible to 80% loan to value  The total of the first mortgage and Home Equity loan cannot exceed the 

maximum combined LTV (loan-to-value) of the property. (Appraised value X prescribed percentage). 
After the loan is closed, you will have three business days to cancel the loan;   however your application fee

will not be returned.  The funds will be released after the third business day.  

BACK TO TOP