Loan Solutions

This loan is good for strengthening your credit score.

Maximum Amount: $1,500

Maximum Terms: 1.5 years

Fees:

            Non-Refundable Loan Application Fee

           Returned Payment Fee when Applicable

Requirements:

• A soft credit check 
• Most recent 2 months proof of income
• 6 months of bank statements (if NCD CU is not the primary financial institution)
• Financial counseling is required for any loan where the borrower’s credit score is less than 650

This loan is good for meeting personal needs while maintaining a savings balance.

Maximum Amount: Flexible

Maximum Terms: Flexible

Fees: 

            Non-Refundable Loan Application Fee

           Returned Payment Fee when Applicable

Requirements:

• A soft credit check 
• 100% down payment of loan amount frozen in account
• Most recent 2 months proof of income
• 6 months of bank statements (if NCD CU is not the primary financial institution)
• Financial counseling is required for any loan where the borrower’s credit score is less than 650

This loan is good for meeting personal needs.

Maximum Amount: $15,000

Maximum Terms: 5 years

Fees: 

            Non-Refundable Loan Application Fee

           Returned Payment Fee when Applicable

Requirements:

• A hard credit check 
• 20% down payment of loan as collateral will receive rate discount (cash deposit required for down payment, not witheld from loan)
• Most recent 2 months proof of income
• 6 months of bank statements (if NCD CU is not the primary financial institution)
• Financial counseling is required for any loan where the borrower’s credit score is less than 650

This loan is good for debt consolidation/other.

Maximum Amount: $25,000

Maximum Terms: Flexible

Fees: 

            Non-Refundable Loan Application Fee

           Returned Payment Fee when Applicable

Requirements:

• A hard credit check 
• Up to 40% of loan amount frozen in account, rate discount available (cash deposit required for down payment, not withheld from loan)
• Most recent 2 months proof of income
• 6 months of bank statements (if NCD CU is not the primary financial institution)
• Financial counseling is required for any loan where the borrower’s credit score is less than 650

This loan is good for emergencies.

Maximum Amount: $1,500 (subject to underwriting)

Maximum Terms: None

                              Revolving Credit

Fees:

            Non-Refundable Loan Application Fee

           Returned Payment Fee when Applicable

Requirements:

• A soft credit check 
• Most recent 2 months proof of income
• 6 months of bank statements (if NCDCU is not the primary financial institution)

This loan is good for a vehicle 5 years old.

Maximum Amount: $28,000

Maximum Terms: 6 years

Fees: Non-Refundable Loan Application Fee

Requirements:

• A hard credit check 
• 10% down payment of vehicle purchase price
• CU finances 90% of purchase price, Borrower covers all other fees and charges
• Most recent 2 months proof of income
• 6 months of bank statements (if NCD CU is not the primary financial institution)
• Financial counseling is required for any loan where the borrower’s credit score is less than 650

This loan is good for a current or previous year model with 10,000 or fewer miles.

Maximum Amount: Flexible

Maximum Terms: 6 years

Fees: Non-Refundable Loan Application Fee

Requirements:

• A hard credit check 
• 5% down payment of vehicle purchase price
• CU finances 95% of purchase price, Borrower covers all other fees and charges
• Most recent 2 months proof of income
• 6 months of bank statements (if NCD CU is not the primary financial institution)
• Financial counseling is required for any loan where the borrower’s credit score is less than 650

This loan is good for refinancing an existing loan or lower payment or interest or lease buyout.

Maximum Amount: Flexible

Maximum Terms: 6 years

Fees: Non-Refundable Loan Application Fee

Requirements:

• A hard credit check 
• Value of car must be greater than outstanding loan balance
• Most recent 2 months proof of income
• 6 months of bank statements (if NCD CU is not the primary financial institution)
• Financial counseling is required for any loan where the borrower’s credit score is less than 650

Amounts: $10,000-$75,000

Terms: Up to 7 years; 10-15% down payment of loan amount may be required

Fees:

• $100 applications fee
• Late fee for payments after the 10th of the month

Requirements:

• Hard Credit check
• Business plan (including financial projections) & Proof of Capital Injection if business is less than 2 years old
• 2 years of Business Tax Returns or Financial Statement 
• 12 months Business Bank Statements
• Year to date Income Statement
• Business Debt Schedule
• Business Inventory List
• 2 years of Tax Returns for Personal Guarantors
• Financial Statement for Guarantor

Amounts: 90% of purchase price

Terms: 5 years; 10% down payment of loan amount

Fees:

• $100 applications fee
• 1% origination fee
• $25 late fee for payments after the 10th of the month

Requirements:

• Credit check
• 2 years tax returns
• 12 months bank statements
• Minimum of 3 years in business

NCD CU has partnered with the NYS ESD CAP program to enable small businesses that are Minority, Woman, Veteran, Very Small Business or SEDI owned to get access to financing. Business must be registered in NYS and within 25 miles of our location.

Rules and restrictions apply. For more information click here.