Loans
Public Service Credit Union offers a variety of loans. All loans are processed with a completed application, credit report, proof of income, and calculated debt ratio. The aggregate maximum loan amount is $300,000.00 per member.
New & Used Vehicle/Recreational Vehicle
We are excited to partner with you in finding your next vehicle, motorcycle, boat, or camper! Check out our latest rates using the button below.
Guaranteed Asset Protection (GAP)
Now you can protect your vehicle investment with Guaranteed Asset Protection (GAP). GAP offers protection in the event that your vehicle is stolen or damaged beyond repair (deemed a Total Loss) and is available for borrowers that finance their vehicle(s) with a loan from Public Service Credit Union.
Here's how GAP works. Let's say after one year, the vehicle you purchased for $25,000 is now valued at just $16,000, but you still owe $20,000 when it is involved in an accident and your insurance carrier deems it a Total Loss. Most insurance policies will only reimburse you for the “Actual Cash Value (ACV)” of your vehicle, $16,000 in this case, leaving you with a large loan balance and no vehicle. Here is an example of what you would owe without GAP;
Amount you owe on your auto loan = $20,000
Your Insurance Company “ACV” = $16,000
Your Insurance Deductible = $500
Amount Paid by your Insurance = $15,500
Remaining loan balance or GAP = $4,500
What's the cost for this valuable protection? Our GAP is just $389.00 for most types of collateral like new and used cars, trucks and motorcycles. This is a small price to pay for real peace of mind!
GAP...For Affordable Peace of Mind**. For more information, please contact Public Service Credit Union or e-mail your questions and we'll reply as soon as possible.
**This is general information only. Please refer to your actual GAP Waiver Addendum (GAP) for terms, conditions, coverage, limitations, and restrictions. GAP is not an insurance policy and does not replace or eliminate the need for vehicle insurance coverage. GAP is designed to “help” reduce the difference between your primary carrier insurance settlement and the loan balance at the date of loss. However, there are exclusions and limitations for items like delinquent payments, late charges, refundable items and financing more than the allowable Loan to Value (LTV%) limit that could leave you responsible for a loan balance after the GAP benefit is applied to your loan. You may cancel GAP during the first 60 Days and receive a full refund of any fee paid. GAP is non-refundable in most states after the first 60 Days.
Auto-Deductible Reimbursement (ADR)
If you purchase insurance, you will receive a 2 year program called Auto-Deductible Reimbursement, which will reimburse up to $500.00 for any insurance claims that you pay in the two years immediately following your loan. This program is available for purchase without GAP insurance at cost. Call today for more information about these programs.
Unsecured Loans
Use your savings account funds to secure your loan while earning dividends on your account.
Up to $2,500.00 for qualified applicant(s)
Kwik Cash loans
Up to $2,500.00 for qualified applicant(s)
Share Secured
Real Estate
We offer 1st Mortgage up to 15 years
We offer 2nd Mortgage up to 10 years
Use the button below or call us for information on real estate loans!
If you are requesting a mortgage loan with Public Service Credit Union, you can use the button below to look up information regarding the employees of Public Service Credit Union.
Public Service Credit Union NMLS# 442120
Bonnie Grayson - VP, Operations & Lending NMLS# 2317471
Kyle Turner - Interim President NMLS# 2485753
Student loans for all types of students
We’ve partnered with Sallie Mae to offer loans created specifically for the needs of undergraduate and graduate students, and their parents. When scholarships, grants, and federal student loans aren’t enough, these loans can help you get the money you need. Learn more about these student loans using the button below.
Borrow responsibly. We encourage students and families to start with savings, grants, scholarships, and federal student loans to pay for college. Students and families should evaluate all anticipated monthly loan payments, and how much the student expects to earn in the future, before considering a private student loan.
Sallie Mae reserves the right to modify or discontinue products, services, and benefits at any time without notice. These loans are made by Sallie Mae Bank or a lender partner. Public Service Credit Union is not the creditor for these loans and is compensated by Sallie Mae for the referral of loan customers.