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 Secured |
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Cornerstone offers loans secured by collateral with a defined market value, ownership assignable, and timely redemption in the event of loan default. These items include a new or used vehicle, a recreational vehicle, boat, mobile home, motorcycle, or home improvement. Take advantage of lower interest rates and longer repayment terms with these secured loan options.
Share Secured Loans
You can significantly reduce your interest rate by securing your loan with money already on deposit at the credit union. By using your money to secure your loan, you will pay only 3% above the dividend rate you are currently earning on your share savings or certificate, while you continue to earn dividends on the funds in the account.
Auto Equity/Auto Refinance Loans
Bring your auto loan to Cornerstone! If you settled for high-rate dealer financing or higher rates at another institution and your monthly payments are higher than they should be, then now is the time to use the equity in your vehicle and refinance it for more manageable payments. Cornerstone will finance up to 125% of the NADA Used Vehicle Retail Book Value of your vehicle if the loan is financed at a financial institution other than Cornerstone. Low fixed rates with flexible terms. Convenient, fast service with quick turnaround. No prepayment penalties. No application fee. It's as easy as a phone call! Student Loans
The Pennsylvania Higher Education Assistance Agency (PHEAA) offers Federal Stafford Student Loans and Federal Plus Loans. The loans are available to student members who are residents of the Commonwealth of PA or to student members who attend a college in Pennsylvania. Additional information can be obtained by contacting PHEAA online or at 1-800-692-7392.
Stock Secured Loans
Corporate shares of stock are acceptable as loan collateral if actively traded and listed on the New York, American or NASDAQ Exchanges. You can borrow up to 80% of the stock's current market value at the time of loan approval.
Other Secured Loans
In addition to securing your loan with existing funds, you can use other items you may have, such as: a mobile home, motor home, boat, travel trailer, camping trailer, conversion van or Antique/Classic Car. These items have substantially higher purchase prices and retain their value for longer periods of time, therefore, you can opt for a longer repayment term -- up to 12 years. Financing up to 80%.
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