#43 King Street
Christiansted, VI 00820

Tel: +(340)773-5444

Rates & Requirements

**CURRENT INTEREST RATES**

ACCOUNT TYPE

RATE

COMPOUNDED

SHARE ACCOUNT

0.25%

QUARTERLY

CHRISTMAS CLUB

0.25%

QUARTERLY

SHARE CERTIFICATE

0.75%

ANNUALLY

OBTAINING A LOAN

WITH

CHRISTIANSTED FEDERAL CREDIT UNION

**REQUIREMENTS FOR LOAN APPLICATION**

  • Must be a member for a minimum of 6 months (for personal loans)
  • Must be employed full-time for at least two years with current employer
  • Must have a credit score of at least 600 to qualify
  • Proof of income: Two (2) most recent check stubs, if paid bi-weekly; four (4), if paid weekly
  • Job letter
  • Two (2) Valid picture IDs
  • Social Security Card
  • Utility bill
  • Rent Receipt/Lease (If Applicable)
  • $20.00 application fee for new loans/$25.00 application fee for refinancing

**SHARE LOAN**

  • 100% of loan in shares
  • No co-signer
  • No credit check
  • Interest rate 5%

**PERSONAL LOANS**

Interest Rate (Based upon your credit score: between 10% to 18%)

$500.00 to $10,000.00

  • 20% in shares
  • No co-signer required

$10,001.00 to $12,000.00

  • 20% in shares
  • One co-signer required

 **LOAN TERMS**

FROM

TO

TERM

$500.00

$2,500.00

30 MONTHS

$2,501.00

$6,500.00

35 MONTHS

$6,501.00

$10,000.00

48 MONTHS

$10,001.00

$12,000.00

60 MONTHS

$15,001.00

Suspended until further notice

$20,000.00

Suspended until further notice

72 MONTHS-

Suspended until further notice

 

***AUTOMOBILE LOANS***

New Car- Maximum $35,000.00 – Interest Rate 6%

Used Car- Maximum $25,000.00 – Interest Rate 7%

** Excellent credit score may qualify for 5% Interest Rate**

  • Loan term: 5-7 years
  • No co-signer required

** Loan amount subject to NADA vehicle value assessment**