Consumer Loans |
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Omaha Federal Credit Union lends millions of dollars each year to thousands of members. Members finance through OFCU everything from automobiles to new homes. We even make it easy for you to apply for a loan in-person, by mail, by phone or use our Insta-Loan Application On-line. With our Insta-Loan application, you can apply and receive approval of your loan all from your personal computer.
Omaha Federal Credit Union's rates are based on the term of the loans, security and credit worth. Rates and terms quoted are our best - YOUR RATE MAY BE HIGHER. Our interest rates are frequently reviewed to ensure they are competitively priced. All rates and terms are subject to change without prior notice. Check out our current rates.
New Vehicle: OFCU will finance up to 100 percent of the cost of a new car, truck or van. The maximum term for this loan is 96 months.
Used Vehicle: OFCU will finance up to 100 percent of the NADA value (call for Blue Book details). Terms up to 96 months are available.
Pre-Approval of New and Used Vehicle Loans Available: A Member may fill out an application before she/he starts shopping for a vehicle. Once it's approved, the Member may select a vehicle at his/her leisure. A pre-approved vehicle loan is valid for 30 business days. Pre-Approved financing may give the Member an advantage when bargaining for the price of the vehicle .
New and Used RV Loan: OFCU will finance 100 percent of the purchase price (tax and license excluded) of a new Recreational Vehicle, 100 percent of the current NADA Recreational Vehicle Guide for a used Recreational Vehicle. Maximum term is 96 months.
New and Used Motorcycle Loans: OFCU will finance 75 percent of the purchase price (tax and license excluded) of a new motorcycle, 100 percent of the current NADA Used Motorcycle Guide for a used motorcycle. Maximum term is 96.
New and Used Boat Loans: OFCU will finance 80 percent of the purchase price (tax and license excluded) of a new boat, 100 percent of the Loan Value stated in the NADA Used Boat Guide or 2 appraisals from 2 boat dealers for a used boat loan. Maximum term is 96 months.
Credit Life and Disability Insurance:Credit Disability Insurance is an optional, low-cost insurance policy that makes your loan payments should you become disabled due to sickness or an accident.For additional security when obtaining your loan, you may want to consider purchasing Credit Life Insurance. This insurance pays off a loan balance up to $30,000 should a member die during the term of the loan. Credit Life is available to borrowers under the age of 70 and may be purchased in conjunction with Credit Disability Insurance.
VISAŽ Credit Card: OFCU offers a low-interest VISAŽ credit card that can have limits up to $10,000 (based on credit-worthiness). Cardholders are given a 25-day grace period during which they can pay off their balances, interest free. The current rate is 12.8% APR. There is no annual fee. And there is no fee or higher rate for cash advances. Members can also take advantage of an OFCU Share Secured VISAŽ credit card. The credit limit is secured with funds in the Share/Savings Account. The rate on this card is 11.80% APR. There is still a 25-day grace period and no annual fee.
EZ Cash Line of Credit: Members can establish an unsecured, open-ended Line of Credit up to $10,000 (based on credit-worthiness) and draw upon it when they wish. Members can access their Line of Credit in-person, by phone, through ETC touch-tone audio response service, and by checks.
Overdraft Protection Loan: With Overdraft Protection, members can protect themselves from bouncing a check and the associated expense of non-sufficient funds fees. This loan is associated with the Checking Account .
Savings and Share Certificate Secured Loans: Both of these loans are fully secured by pledging funds in either a Member's Regualr Savings Account or Share Certificate. Maximum term on Regular Savings Secured loans is 60 months. Maximum term on Share Certificate Secured Loans is 24 months.
Computer Loans: Computer Loans are secured by the computer equipment purchased. The Credit Union will finance 100% of the purchase price. Maximum term on Computer Loans is 36 months.
HOME MORTAGE DISCLOSURE ACT NOTICE
The HMDA data about our residential mortgage lending is available for review. The data shows geographic distribution of loans and applications; race, gender, and income of applicants and borrowers; and information about loan approvals and denials. Inquire at the Omaha Federal Credit Union office regarding the locations where HMDA data may be inspected. To receive a copy send a written request to: Omaha Federal Credit Union, Attn: Lynn Bowers, 3001 South 82nd Ave., Omaha NE 68124.
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Phone: (402) 399-9001
Toll-Free: 1-800-660-7350
Fax: (402) 399-0129
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