Sixth Avenue Baptist FCU offers a variety of loan products with competitive rates and terms. Loan policies and rates are set by the Board of Directors and Management.
Signature loans may be used for a variety of purposes…debt consolidations, vacation, household purchases or any worthwhile purpose. No collateral is required and rates vary according to the member. Minimum loan request is $250.00.
SHARE – SECURED LOAN
Loan is secured by funds in the applicants share account or the account of another who pledges their shares to secure the loan. They are offered at lower rates while allowing members to retain savings.
SPECIAL PURCHASE LOAN
For the purchase of members’ special needs to include (but not limited to) home appliances, electronics, computers, exercise equipment, medical devices, etc. The loan value will be based on the purchase price indicated on the invoice or bill of sale. Items purchased will serve as security for the loan.
Loan policies and rates are set by the Board of Directors and Management. Please contact the Credit Union office at (205) 322-6654 for current rates.