LOANS

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Credit Union Members may receive a 0.25% discount on loans for each additional service or loan held with the Credit Union....up to a limit of four (4)....a Member could reduce the rate of the loan applied for by as much as 1.00%

Do you have good credit?

Our new risk-based lending policy is beneficial to you.  

The purpose of offering risk-based pricing is to help as many members as possible obtain loans at reasonable rates.  We recognize that certain members represent more risk than others.  We also believe we have members who are being charged excessively high rates by other lenders and that we could help these members through a managed risk program.  In addition, we could save these members substantial money while helping them to rebuild their credit.  The credit union will not grant loans where the probability of repayment is doubtful.

Oswego Teachers EFCU has adopted risk-based pricing in order to become the lender of choice for all members, by offering the best possible rate based on each individual's credit history.  Less credit worthy members benefit by qualifying for a loan with our credit union instead of resorting to higher-cost alternatives such as finance companies.  In addition, members with a good credit history can qualify for a loan at a competitive rate with Oswego Teachers EFCU so they do not have to turn to other financing sources.

Applications are available at our office or download one off our web page and fax it to

315-342-2205

Oswego Teachers’ Employees Federal Credit Union
113 West Albany Street
Oswego, New York  13126
315-342-4574 or 800-537-3084