Loans, Loan Insurance & Protection



Loan Insurance & Protection

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Vehicle Loans

New and used vehicle loans are available at very competitive terms and rates. Our vehicle loans are available on any titled vehicle, including motorcycles, boats, campers, ATV’s and other titled collateral, however longer terms may be available if needed.

Imagine Loans (Finally, money for anything you can imagine)

Imagine what you could accomplish with a great low rate loan from your credit union.  Imagine consolidating debt, imagine finally finishing that basement or updating your kitchen.  Imagine the perfect place to kick back and relax on your dream vacation.  You can make it happen with a new Imagine Loan at Serve Credit Union.  With just your Signature we can offer (both a line-of-credit & fixed-rate loan), as well as Overdraft Loans. These types of loans are granted to qualifying members without collateral being required.  See our rates  or Apply Online

First Mortgage Loans

We offer a variety of First Mortgage Loan options at competitive rates with low closing costs. Rates vary daily.  Please complete an online mortgage application with Premier Lending—our mortgage lending partner—or call or email us for details.

  • FHA – Gift funds allowed
  • Conventional 30, 25, 20, 15, 10 yr fixed terms
  • VA – No down payment required
  • Manufactured homes
  • USDA – 100% financing
  • First time homebuyers
  • Jumbo financing

Mortgage Loans Explained pdf

Home Equity Loans*

Home Equity Line of Credit Loans, fixed-rate Home Equity Loans and Home Improvement Loans are available. Members can borrow up to 90% of the equity they have in their residence to finance just about any project or purpose. Repayment terms are available for up to ten years (120 months).  Click here to see our rates.  Or Apply online!

*Annual Percentage Rate. All loan financing is based upon credit qualifications. Rates are applicable to new money only. Not all borrowers will qualify for the same rate. Rates listed “as low as” are based on the borrower’s credit worthiness, which includes factors such as debt ratio, and credit history. Offer available on new loans only. Offer is a fixed rate with fixed terms and will loan up to 90% loan to value on the home. Estimated costs range from  $480-$1535.  $100.00 origination fee. Payment example: Pay just $18.42 per month at 3.99% APR for every $1,000 borrowed with a 60 month term. See credit union for full details and disclosures. Federally Insured by the NCUA.

Savings Secured Loans

Share (savings) secured loans are available to members who wish to pledge their share balances as collateral. Dividends will continue to be paid to members on pledged balances.


Student Loans by Student Choice

The cost of college continues to rise, forcing many students and families to resort to higher-cost private student loans to fill funding gaps.  As a not-for-profit lender, Serve Credit Union has a unique ability to help members and families by offering our Student Choice private lending solution that features:

  • Zero origination or prepayment fees
  • Lower interest rates
  • Simple one-time online application
  • Deferment of principal and interest while in school
  • Flexible repayment terms including graduated repayment for two years
  • Convenient line of credit structure that lets you apply once and secure financing for your entire college career*

*Subject to qualification and annual credit review.

For more information and to apply online visit our Student Choice website

Serve Credit Union Debt Protection Coverage

If a protected life event happens to you (and you’re a protected borrower or co-borrower on the loan), Serve Credit Union Debt Protection Coverage will cancel or waive your loan payments, up to the contract maximums—helping to lessen your worries, and your family’s worries, about paying loans during a time when your income may be reduced or lost and paying other household bills becomes challenging. We offer a number of options you could protect yourself against. These events could include:

  • Loss of life, including those caused by acts of war
  • Disability, including those caused by acts of war
  • Family leave

Your purchase of Serve Credit Union Debt Protection Coverage 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 Member Agreement for a full explanation of the terms of Serve Credit Union Debt Protection Coverage. You may cancel the protection at any time. If you cancel protection within 30 days you will receive a full refund of any fee paid.

DP-1202789.1-0515-0617 © CUNA Mutual Group 2015, All Rights Reserved

GAP (Guaranteed Asset Protection)

GAP coverage is an auto loan debt cancellation waiver that protects you financially if your vehicle is totaled or stolen, and you owe more on the vehicle than your insurance will pay. It’s affordable coverage for any member that ensures a misfortune with your vehicle doesn’t require a fortune out of your pocket.

  • GAP coverage is available on new and some existing Serve Credit Union loans
  • Coverage may be paid upfront, or rolled-in to your loan payment
  • GAP will pay an additional $1,000 toward the purchase of a replacement vehicle when it’s financed at Serve Credit Union.

Please inquire with a Serve Credit Union Loan Officer for more details.

Here are a few of the details:

  • Pays up to $500 per loss when a claim is filed and paid with primary insurance carrier
  • Loss means an event for which the auto insurance company has approved & paid a claim which exceeds the Covered Auto Deductible for a collision or comprehensive claim.
  • Coverage is effective upon date of enrollment and will continue for three (3) years.
  • Not only does this insurance cover deductibles for the vehicle you have a loan on but it will also reimburse you for insurance deductibles that you have to pay on all other vehicles, as long as those vehicles are titled in the same person’s name that is listed on the GAP policy.

For more information, call, stop in to our office, or email us.

Mechanical Breakdown Protection (MBP)

Mechanical Breakdown Protection (MBP) provides protection against mechanical breakdowns beyond your existing manufacturer’s warranty. Please inquire with a Serve Credit Union Loan Officer for more details.


Loan Skip-a-Pay Option

Qualified members may have the option to skip their loan payments for one month on one or all of their Serve Credit Union loans, excluding credit cards and mortgage loans.  There is a small fee of $25 per loan for this service.  If you would like to Skip-a-Pay simply fill out our Skip-a-Pay Authorization Form.  To determine if you are eligible to skip your loan payments, contact us.