With CU Direct Lending, you can shop for a car from the convenience of home.  Find preferred local dealers, browse current inventory or search for a specific new or used auto, motorcycle, boat or RV.  When using a preferred dealer, you can even close your SPC loan at the dealership. When it comes to buying your next personal vehicle, think SPC and me!

 

SPC offers loans for the purchase of new or used vehicles. Members may borrow up to 100% of the MSRP (Manufacturer's suggested retail price) or NADA retail value of the vehicle - plus tax, tags, warranty and GAProtection.

Click here information on Loan Protection Insurance

Buying an Auto... What you need to know!

SPC offers a variety of personal loan packages for its members. These loans are perfect for unexpected personal needs. Because of their competitive interest rates, they may also be useful for debt consolidation.


Student Loans
For information about the U.S. Department of Education's William D. Ford Direct Loan Program visit www2.ed.gov/DirectLoan.

Boats, Motorcycle & Other Recreational Vehicles
Loans are available to purchase new or used boats, motorcycles, and recreational vehicles (including four wheelers, dirt bikes, jet skis, and snowmobiles). These loans offer flexible terms and payments to fit your budget. Qualified borrowers may finance up to 100% of MSRP on new units or NADA retail on used units.

SPC offers a variety of home mortgage loans designed to help you purchase or refinance your home. We also have loan programs that allow you to borrow against the equity you have established in your home. All loans are financed in-house and payments for Mortgage Loans can be made by payroll deduction, automatic debit, mail, or in person at the Credit Union.

Fixed & Adjustable Rate Mortgages
SPC provides both Fixed and Adjustable Rate Mortgages. Both are available in a variety of packages to meet our members' individual needs. Escrow for insurance and taxes is included in the monthly payment, reducing the worry for the member to pay a large lump sum annual payment.

Fixed Rate Mortgages are available at a competitive rate of interest. You may borrow up to 85% of the value on the purchase or refinance of your home.

Higher Loan-to-Values are possible on Fixed and Adjustable Rate Mortgages with private mortgage insurance.

Lot Loans
The Credit Union makes loans for the purchase or refinance of unimproved real estate. Loans may be made up to a maximum of 85% of the appraised value of the land. These loans are available within SPC's primary trade areas.

Construction Loans
SPC provides Home Construction Loans to members in Darlington, Florence and Marlboro Counties. These loans are for a one-year term at a fixed rate.

Mobile Homes with Land Loans
SPC provides first mortgage loans to qualified members for the purchase or refinance of new or used mobile homes. This is an adjustable rate mortgage and financing is available up to 85% loan to value.

Home Equity Line of Credit
A Home Equity Line of Credit allows you to borrow against the equity you have established in your home. Once you establish your Home Equity Line of Credit, you can draw on it as needed. There are no additional loan forms to complete, financial statements to file or closing costs to pay. When you need extra cash for education, home improvements, medical expenses or other emergencies, your line of credit is already there for you. You may even be able to deduct the interest you pay from your taxes. (See your tax consultant for details.)

 S.A.F.E. Act Disclosure Notice

The Nationwide Mortgage Licensing System and Registry offers NMLS Consumer AccessSM, which is a free service for consumers to confirm that the bank or mortgage company and the mortgage professional with whom they wish to conduct business are registered with the federal system or licensed, if required, in the state in which they conduct business.

• SPC Credit Union
• NMLS #421670
• NMLS #421671
• NMLS #421672
• NMLS #789585
• NMLS #618622

MEMBER’S CHOICE® Credit Disability and Credit Life Insurance
There’s no way anyone can prepare for an injury, medical-related illness or an unexpected death, but you can take steps along the way to make sure your family is provided for if the unforeseen were to happen. MEMBER’S CHOICE Credit Disability and Credit Life Insurance helps pay your loan so you or your loved ones don’t have to.

How does it work?
The premium is included in your monthly payment. If you have a balance on your loan and are totally disabled due to injury or illness, or in the event of an unexpected death, MEMBER’S CHOICE Credit Disability and Credit Life Insurance, can help. By taking a few simple steps while signing your loan paperwork, you’re helping take responsibility for your family’s financial future. Your loan officer can show you how. You won’t receive extra bills or statements; everything is included in your monthly payment. You can cancel within the first 30 days for a full refund. Or any time after that if you change your mind. If at any point you have questions, or if your family needs to file a claim, simply contact your credit union. Once you complete the loan documents, coverage begins for eligible borrowers.

Why is it valuable?
MEMBER’S CHOICE Credit Disability and Credit Life Insurance works in two different ways. You and your family won’t have to make loan payments if you’re totally disabled due to an injury or medical illness. It will help pay your loan until you’re fully recovered, or in the event of an unexpected death, it will pay off the loan.* Savings, salary, or payoffs from other life insurance may be protected, giving your family financial freedom when they need it most.

GAProtection
GAP protection is a reasonably-priced coverage for auto loans that provides additional coverage in the event of a theft or total loss. A one-time premium can be conveniently added to your loan balance. As an added bonus when you finance your replacement vehicle with SPC, GAP protection will pay $1000 on your new loan.

Services Provided by Third Parties Not Affiliated with Credit Union.

Your purchase of credit life and credit disability insurance, underwritten by CUNA Mutual Insurance Society, is optional and will not affect your application for credit or the terms of any credit agreement required to obtain a loan.  Certain eligibility requirements, conditions, and exclusions may apply.  Please contact your loan representative, or refer to the Policy Agreement for a full explanation of the terms.

CDCL-0211-D3E7