One of the most important benefits of membership in the Lion's Share Federal Credit Union is having access to affordable credit services. Your Credit Union is committed to meet its members’ needs with credit programs that include:
- Home Equity Lines of Credit
- Auto Loans - New & Pre-Owned
- Other Secured Loans - Motorcycle, Golf Cart, Trailer, RV, etc.
- Personal Loans
- Savings Secured Loans
- Lines of Credit
- VISA Credit Cards
"What does it take to qualify for a loan with the Credit Union?" There are a number of factors that are evaluated in each credit application. No one factor is looked at by itself.
The ability to repay current and proposed debts is critical in a decision to approve credit. Once you apply:
- Credit is pulled
- Income is verified
- Debt to Income ratio is calculated
Lion’s Share FCU strives to do what’s in our member’s best interest. Making a loan for someone who is struggling to pay the bills they already owe is not in their best interest. Rather than a loan, a member might need a budget - “a plan for their money”. Budgets help Members see where their money is going & puts their money to work for them.
WILLINGNESS TO PAY
The willingness of a member to repay the Credit Union is reflected by past and current performance on loans and other credit obligations. Lion’s Share has options for members with no credit history to establish good credit. We encourage all members to build a good credit history. Payroll deduction is a fast, convenient means of repayment, but it does not guarantee loan approval.
Apply on line or contact one of our Loan Officers, if you have any questions about how to qualify for a loan.