Here's a sampling of the loan products available from Vermont Federal Credit Union.
Loan Products
New and Used Vehicles
The credit union offers new and used vehicle financing at competitive rates. With flexible terms ranging from 24 to 84 months for new cars and motorcycles and 24 to 60 months for used vehicles, members will find many affordable payment terms to meet their needs.
Members may finance 100% of the purchase price on new vehicles and 100% of the NADA book value for used. Our members are encouraged to speak with a Loan Officer to obtain pre-approval before shopping for their new or used vehicle.
We have partnered with many local auto dealerships. If you go car shopping at any of these dealers and don't have time to come see us prior, you can tell the dealer you are a member of Vermont Federal Credit Union and get financing through us right there on site. Click here for the list of dealerships.
NEW! Credit Builder Loan Program
This loan was developed to assist you in improving your overall credit history. If you're a first time borrower, or have had past credit problems, this loan can help establish or re-establish credit and raise your overall credit score. Loans are secured by the funds in your primary share account; the amount borrowed is frozen in your share account until the loan is paid in full.
Benefits to you:
- Build a positive credit history with the credit union that will be reported monthly to all major credit bureaus
- Build a sizable savings balance that will earn dividends and gain as the loan is being paid off
Other Secured Loans
Financing is also available on snowmobiles, boats, personal watercraft, RVs and ATVs. Flexible terms are available from 24 to 60 months. Boats and recreational vehicles can be financed up to 120 months depending on the purchase price.
New Borrower Visa
Obtaining credit without a credit history is an obstacle we are prepared to help you overcome. The New Borrower Visa offers first-time borrowers the opportunity to start with a manageable amount of credit to build a positive credit history and a valuable borrowing relationship with Vermont Federal Credit Union.
Visa Gold, Visa Platinum & Classic Visa/MasterCard
The credit union has several outstanding credit card programs. With several different cards to choose from, each member will find one that suits their individual needs. Members may choose from Classic cards, including a No Annual Fee card and a LOW INTEREST card. Or, if a member is looking for added value and more spending power, they may select the credit union's Visa Gold with No Annual Fee and a competitive interest rate. We also offer Platinum Card options, one with a low APR and one that allows you to earn bonus points. Members may also choose to have their credit card payments made automatically each month from their share or share draft account.
Mortgages
There are many different mortgage programs offered through Vermont Federal Credit Union to fit our members' needs. Whether buying new or refinancing, there are competitive fixed and adjustable rate programs that our members can choose from including: construction loans, first-time home buyers, VHFA mortgages and jumbo loans. Meet our mortgage experts.
Home Equity Loans & Lines of Credit
Members can tap into the available equity in their home by obtaining a fixed rate Home Equity Loan or a variable rate revolving Line of Credit. Loans may be used for home improvements, education financing, bill consolidation or any other purpose and may have tax advantages.
