If you are considering purchasing a new or used vehicle, come into the credit union and get pre-approved today. Once you are approved, the loan officer can give you a letter of credit to take to the dealership. You can then shop worry free at the dealership, knowing you have already qualified for a loan.
Get GAP and/or Payment Protection for your Auto Loan…It Pays!
Guaranteed Auto Protection will cover the difference between your loan payoff and your primary insurance company settlement should your automobile be stolen or damaged and is a loss. Contact a loan officer for complete details.
Payment Protection will cover your loan if you were to die or if you are out of work, under doctors care for more than 15 days. Talk to an Cove Loan Specialist for complete details.
Yes, we have Warrantys to protect your investment.
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 an extended service contract. This service is now available from Cove FCU loan department.
The Credit Union offers first and second mortgages. Contact one of our loan officers for rates and information.
First Mortgage Loans
Purchasing a home or refinancing your existing home mortgage is one of the most important financial decisions you’ll ever make. Cove FCU is dedicated to identifying the best loan product with the most beneficial terms to suit your mortgage situation.
We can take your application by phone at 859-781-LOAN (5626). Cove FCU is totally committed to quality service, integrity and professionalism throughout your mortgage process, reaching a level of excellence and customer satisfaction that you’ll truly appreciate. At Cove FCU we strive to make your entire mortgage experience…EASY!
Home Equity Loans
Enjoy your home for all its worth.
With every mortgage payment you make, you are building equity in your home. Why not use it? A home equity loan, like a credit card, gives you a pre-determined borrowing limit and allows you to access your money when you need it. Home equity loans can usually provide you access to larger sums of money, for longer terms and at lower interest rates compared to other types of loans. In most cases your interest is tax deductible (consult your tax advisor).
Home Equity Alternatives
Consider a home equity loan as an alternative to refinancing your mortgage
Avoid closing costs and other processing fees
Less paperwork and hassle
Make your loan payment at Cove FCU
$ 100,000.00 Appraised Value of Property x 90% Loan-to-Value Ratio
$ 90,000.00 Adjusted Property Value
$ 90,000.00 (90%) Appraised Value of Property
– $60,000.00 First Mortgage Outstanding
$ 30,000.00 Approximate Equity for Your Home Equity Loan
Variable Rate Line of Credit
Draw period is five years from date opened
Annual percentage rate may vary
Rate is based on credit score and available equity (see above example)
Fixed Rate Closed End 2nd Mortgage
One time draw
You’ve put time and money into making your house a home. Now it’s time to let your home give you something back!
We offer a wide variety of low-interest loan solutions designed to meet your personal borrowing needs. Our competitive rates and flexible repayment terms can help stretch the purchasing power of your hard-earned money.
Whether you are looking for some money to help purchase that new state-of-the-art computer, a gift for someone special or a once in a lifetime vacation, give us a call. One of our loan officers will do everything they can to help make your wishes come true.
Whatever your recreational pursuits may be, if you need some financial assistance, call Cove Federal Credit Union. Every year we help our members enjoy boating, camping, hiking, traveling and sports of every kind with a credit union loan.
Don’t just sit there and dream, talk to one of our loan officers and let them help you make your dreams come true. Begin enjoying the great outdoors today with a loan from your credit union.