Only new members with 6 months or less membership in the AGECU can apply for this loan.

The member can only apply once for this loan.

Interest rate .85% on the reducing balance

Loan can be accessed at any time throughout the year, but within the 6 months as per the first criteria.

This loan will be considered separate and apart from any other loan taken by the member.

Loan values available $10,000, $20,000, $30,000.

Loan duration $10,000 – 24 months, $20,000 – 24 months, $30,000 – 36 months.

No withdrawals will be allowed on the share amount deposited.

The member will also have the opportunity of investing the full amount on their shares and maximizing on their investment returns.

Cost of Credit Chex will be borne by the member.