Consumer loans are loans on cars, boats, signature loans, lines of credit, etc. Whatever you need to finance, the Credit Union offers the lowest rates, the most competitive terms, and the most convenient, fast and friendly service anywhere.
Applying is easy! You can apply online. Just select the application and the site will prompt you to input your information on an encrypted and secure form. Or, you can download the form and fax it to us at (337)232-8065. In most cases, we can approve and close your loan within 24 hours.
We can preapprove a loan request for you if you are shopping for a new or used car, a boat or RV. Get your loan approved and then go shopping. As soon as you pick out what you want, call your loan officer and a check can be prepared immediately. We will even handle the tax, title and license for you (at no extra charge).
With our low interest rates, it not only pays to use your Credit Union for your new loans, you should also consider refinancing loans you may have currently with other lenders. On automobiles, we will even consider paying the transfer and title fees for you. If you do find a lower rate somewhere else, contact us and we may be able to match or better the rate. One of our loan officers will be happy to quote a payment and look up a NADA value. Please consider us for any loan need that you may have.
- Open End Loans
- Signature Loans
- New Auto Loans
- Used Auto Loans
- Recreational Vehicle, Motorcycle, Boat Loans, ATV
- Mobile Home Loans
- Shared Secured Loans (using saving accounts or CD’s as security)
- Real Estate Loans-up to 30 years
- Land Loans
- Home Improvement Loans
- Home Equity Line or Credit loans
- Second Mortgage Loans
- Business Loans
- Motor Homes – Less than 10 years
At First Pioneers Federal Credit Union we offer full service vehicle loans designed to save you money, time and frustration.
If they offer you 0% financing, is that really a good deal for you? Did you know that only 8% of new car buyers qualify for the 0% rate? Call one of our loan officers and let them run the payment and rate comparison for you or go to calculators and run them yourself. We almost always beat the dealer offers that you let us know about.
- Pre-approvals available! Get your loan approved first, then shop for your vehicle. When you find just the right car for you, have the salesman fax us the vehicle buying order and we will do the rest.
- We will handle the registration hassle for you. We can assist you with vehicle pricing so you know you are getting the best deal available.
- Low monthly payments. See our calculators to determine your payments.
- Preferential rates when you have a significant financial relationship with First Pioneers Federal Credit Union.
- There is no prepayment penalty. The simple interest is calculated on the average monthly balance and you can pay your loan out any time.
- Extended warranty coverage available. Our policy covers more than the insurance the dealers offer and generally costs much less.
- Low price Gap insurance available. With this feature, you will never be “upside down” on your car loan when you want to sell or trade your car.
- Credit life and credit disability protection available.
On new vehicles, qualified borrowers can finance up to 100% of the vehicle purchase price plus tax, title and license with up to 7 year term.
Are you ready to get started?
Contact us now! You will be glad you did!
Personal or Signature Loans
First Pioneers Federal Credit Union is here for you whenever you need money for a special purpose. We have personal or signature loans that can be used to pay off school expenses, pay out revolving accounts, or take a special vacation. Credit qualified members can borrow up to $7500 for up to 48 months.
We also have open end lines of credit. This loan can be tied to payroll deduction with your employer and it is available for you to take out as needed. Once the loan has been approved, you can draw on it, up to its limit whenever you need to. It is as simple as a phone call to our tellers or accessing it through our cu.online internet banking.
As with any loan product, credit scores will be a primary factor in determining eligibility, rates, and amount borrowed. The process of getting a loan is simple. Once we get it, we can generally process it within 24 hours. Call us today and we will let you know how we can help you.
Loans & Applications
Interested in a loan? You’ve come to the right place.
We know that you receive 2 or 3 credit card offers each week at home. Credit cards are an absolute necessity in today’s economy. You need one to pay for emergency items like gasoline and towing. You need one when you are traveling. You need one when you order from a catalog or the internet. We have credit cards, and our rates have not gone up since 1996! The average rate for credit cards in the US is over 22%. We have no monthly fee, no annual fee, and no fee to transfer.
Want to get one? Here’s what you do. You apply for a card and we check out your credit rating. Even though every member owns the Credit Union, not every member can qualify for one of our cards. Based on your credit score, if approved, you will receive one of our Visa cards. If you have a good rating, we will issue you a Classic Card and if you have an excellent rating, we will issue you a Gold Card. You will notice immediately that it looks different from any other Visa card that you have ever seen. It is called a Cajun Credit® Visa. We are so proud of it that we have registered both the name and the look of the card so that no other company can copy it. We have an introductory rate of 6.75% APR for the Gold Card and 9.75% APR for the Classic Card. That rate is good for 6 months (or 12 months if you transfer a balance of $250 or more from another Visa). After the introductory rate, the rates are 8.75% APR (Gold) and 12.75% APR (Classic). The card is good at any merchant and any ATM that honors Visa.
Right now, if you don’t have a Cajun Credit® in your purse or wallet, apply now. You will be sent to a secure site where you can input your information. We can generally qualify an application by the end of the next business day. The card itself will take 7 to 10 business days. If you already have a First Pioneers FCU Credit Card, you can review your statement or pay your bill.
* Please read the following disclosures before applying for a credit card.
|Credit Card Property||Description|
|Annual Percentage rate (APR) for Purchases||Visa Classic
9.75% Introductory APR for 180 days from the issuance of the card. When the discounted period expires, the APR on existing balances will increase to the new non-discount rate on the first day of the billing cycle. After that your APR will be 12.75%
6.75% Introductory APR for 180 days from the issuance of the card. When the discounted period expires, the APR on existing balances will increase to the new non-discount rate on the first day of the billing cycle. After that your APR will be 8.75%.
|APR for Cash Advances||Visa Classic
6.75% Introductory APR for 365 days from the issuance of the card. When the discounted period expires, the APR on existing balances will increase to the new non-discount rate on the first day of the billing cycle. After that your APR will be 15.00%.
|APR for balance Transfers||Visa Classic
9.75% Introductory APR for 365 days from the issuance of the card. When the discounted period expires, the APR on existing balances will increase to the new non-discount rate on the first day of the billing cycle. After that your APR will be 12.75%
6.75% Introductory APR for 365 days from the issuance of the card. When the discounted period expires, the APR on existing balances will increase to the new non-discount rate on the first day of the billing cycle. After that your APR will be 8.75%.
|Penalty APR and When it Applies||Visa Classic
18.00% This APR may be applied to the entire balance on your account if you: Your account is (60) sixty days late
How Long Will the Penalty APR Apply? If your APRs are increased for any of these reasons, the Penalty APR will apply until your account until your account is current for (6) six consecutive months; contact the credit union to apply for a rate reduction.
|Minimum Interest Charge||If you are charged interest, the charge will be no less than $10.00. The minimum interest charge will be charged on every dollar amount.|
|How to Avoid Paying Interest on Purchases||Your due date is at least 25 days after the close of each billing cycle. We do not charge you interest on purchases if you pay your entire balance by the due date each month.|
|Credit Card Tips from the Federal Reserve Board||To learn more about factors to consider when applying for or using a credit card, visit the web site of the Consumer Financial Protection Bureau at consumerfinance.gov/learnmore (new window/tab)|
|Set-up and Maintenance Fees||Additional Card Fee – $25.00 (one-time) per card|
|Transaction Fees||Cash Advance Fee – $3.00 or 3.00% of the amount of each cash advance, whichever is greater (maximum Fee: $15.00)
Foreign Transaction Fee – None
|Penalty Fees||Late Payment Fee – $25.00
Over-the-Credit Limit Fee – $25.00
Returned Payment Fee – $20.00
How We Will Calculate Your Balance. We use a method called “average daily balance (including new purchases).”
Loss of Introductory APR. We may end your introductory APR if you make a late payment. With the loss of your Introductory APR, your APR for Visa Classic will be a rate of 12.75% and your APR for Visa Gold will be a rate of 11.75%.
Application of Penalty APR. Your APR may be increased to the disclosed Penalty APR if you are 60 days late in making a payment.
Effective Date. The information about the costs of the card described in this application is accurate as of July 1, 2010. This information may have changed after that date. To find out what may have changed, contact the Credit Union.
Other Fee Disclosures
|Fee Description||Fee Amount|
|Late Payment Fee||$25.00 if you are ten (10) or more days late|
|Over-the-Credit||$25.00 if new balance less any fees is more than $0.01 over your credit limit (if applicable)|
|Card Replacement Fee||$25.00|
Here are some other types of loans that we make for our qualifying members.
SHARE OR CERTIFICATE SECURED
With these loans, you are borrowing “your own money”. You want a sum of money, but you don’t want to touch your savings. So you pledge the money you have saved and we make you a loan with that savings as collateral. You only pay 2.5% APY above the current rate of the savings being pledged.
This is an outstanding way for a member to establish their credit rating for the first time. It is also a way for a member to reestablish a credit rating that has had problems in the past. Members can use their own funds as pledges or those of any other member, as long as that member authorizes it.
OVERDRAFT PROTECTION LOAN
With these loans, you tie your checking account to your overdraft protection loan. Instead of charging a fee for checks that do not have enough balance to clear (NSF), a draw is made on the loan for $100. You save a fee for a nominal interest rate.
OTHER COLLATERALIZED LOANS
The Credit Union will make loans on items of personal property. Boats/motors, jet skis, three wheelers, four wheelers and tractors are examples.
Loans & Applications
Interested in a loan? You’ve come to the right place.
As part of providing for financial security to its members, First Pioneers Federal Credit Union has a program for insurance coverage related to loans. We have partnered with CUNA MUTUAL to provide outstanding insurance protection to our members.
CREDIT LIFE INSURANCE
With this feature, in case of death, the remainder of the loan is paid off. Members can sign up for this at the time they make the loan or at a later time. A nominal charge based the amount of the outstanding loan balance is added to the monthly loan premium. Members have a choice of either single or joint life provisions.
The chances are 4 times greater that an individual will be disabled and not be able to work as compared to that individual dying. This insurance provides that, after being unable to work for 30 consecutive days, the loan note premium will continue to be paid. This insurance generally requires medical verification and will continue to pay the note as long as either the disability lasts or the loan is paid out.
Making payments to your Credit Union is simple and as painless as possible. You can make your payments by payroll deduction, payroll deposit, automatic transfer and savings transfer. You can also pay via coupon book through the mail and in person here at the Credit Union or at a Shared Branch Service Center located nationwide.