Loan Products

Whatever your dreams, we can make them happen from automobiles to buying your first home.

We offer:

  • Competitive rates
  • Fast service
  • Convenient, automatic payments through your checking or savings account
  • Credit life and/or disability insurance at lower rates
  • Apply online, in person, by fax or mail
  • Apply Today… Buy Today…

Vehicle LoansCurrent Rates  Calculators 
Finally you can get the new vehicle you've been dreaming of at a rate you can afford! Take advantage of our low cost financing on the following vehicle types:

  • New and used auto/truck
  • Boat, motor and trailer
  • Motorcycle
  • Snowmobile
  • Recreational vehicles (ATVs, jet skis, etc.)

Vehicle loans are classified as installment loans and are secured by collateral in the form of the vehicle you have purchased. Current interest rates can be obtained by following this link, and are determined by the type of collateral, the term of the loan and current market conditions. Use our loan calculator to determine the rate and term that yields an installment payment that matches your budget. Feel free to apply securely online and do not hesitate to call a loan officer at 729-7733.

Refinance Your Vehicle - Is your car loan with another lender? It's probably not too late to lower your monthly payment or improve the terms of your loan by refinancing with us. We offer up to 100% financing of another lender's loan balance.

TOP

Home EquityContact CU For Current Rates  Calculators
Hermantown Federal Credit Union home equity loans are a great source for extra cash, not only for home improvements, but also vacations, college tuition, weddings, and more. Home equity loans are also an option with consolidating outstanding debts into one monthly payment at an affordable interest rate. And best of all, the interest on a home equity loan may be tax deductible. (See your tax adviser for details on your particular situation.)

We offer financing up to 80% of the appraised value of your home, less superior liens, such as your first mortgage. The equity in your home determines the loan amount. Other terms and conditions may apply. Call (218) 729-7733 for details.

TOP

Home Equity Line Of Credit (HELOC)Contact CU For Current Rates  Calculators
Another popular way of tapping into your home's value is a home equity line of credit. If you prefer to borrow smaller sums as your projects progress, establish a line of credit entitling you to write checks within a pre-established lending limit. As you repay the funds, the money becomes available to borrow again. You only pay interest on what you borrow, when you borrow it.

We offer financing up to 80% of the appraised value of your home, less superior liens, such as your first mortgage. The rate is adjustable. The equity in your home determines the loan amount. An added benefit to a Hermantown Federal Credit Union HELOC is the rate may adjust annually instead of daily. Other terms and conditions may apply. Call (218) 729-7733 for details.

TOP

 
 
 
 
This credit union is federally insured by the National Credit Union Administration.