Rates and Terms
Effective June 12, 2004
Cook Area Credit Union offers loans of all types:
- New Car Loans are currently at
- Used Cars are at
- Line of Credit Loans are available
for as little as
- We also offer Home Equity and Home
Mortgage Loans at
- Members may reduce their interest rate by ¼ percent
by having their payment transferred from their share or
draft account automatically
- We will also grant loans which are a combination of
Signature and Security Agreement and
the rates are
depending on how much of the amount borrowed
will be covered by collateral.
Cook Area Credit Union offers VISA Credit Cards
with no annual fee and a low rate of interest.
Our overdraft protection loans will cover your account should
you overdraw due to an emergency or an error in your checkbook.
The amount of overdraft protection is determined at the time
Payment options include monthly, semi-monthly or single pay
notes for 30, 60 or 90 days or 6 months or one year.
A member may prepay his or her loan at any time. The amount
of interest paid will be for the time borrowed only.