Alco Federal Credit Union is here to help you with all your financial needs. Because of this, one of the many services that we offer is the “Managed Credit Program” that was started to help as many members as possible obtain credit .We realize that some members may have experienced some difficulty with their credit in the past. The rate a member pays will be determined by their credit history. Members with good or excellent credit histories will receive our very best rates, some of the best rates offered by any lender.
Members, who may have experienced past credit problems, will be assigned rates consistent with their history. However, it is our goal that these rates will almost always be LOWER than they may currently be paying with other lenders.
We encourage our members to call us regarding our Managed Credit Program. Our goal is to help you obtain credit and save money.
Loans that Alco Federal Credit Union offers for all of your financial dreams include:
Personal Signature Loans
Upon approved credit, the credit union offers Personal Signature Loans to qualified members. These loans don’t require any collateral, just your promise to pay, making them a great alternative to credit cards for smaller expenses like vacations, car repairs, or holiday gift giving.
Overdraft Protection Loans
If you accidently overspend using your checkbook or debit card, you don't have to worry with an Overdraft Protection Loan. This loan backs up your designated Share Draft (Checking) Account and helps you avoid any non-sufficient funds (NSF) fees.
Personal Line of Credit Loan Drafts
If you have credit card balances with high rates and full repayment that is not in the foreseeable future, then you should consider the Alco FCU Line of Credit Loan Draft. These loans are perfect for specific purposes like consolidating your credit card balances to a lower rate, repairing your car and fixing up your home with upgrades or new furniture. These loans are versatile because they can be used for just about anything you choose!
Home Equity Loans
Use the equity in your home to add a new deck and pool, fix that leaky roof, finance your children’s education, buy a new vehicle, take a dream vacation, or consolidate high interest credit card balances into one monthly low cost payment!
Mortgage Loans
Whether you want a loan for a new home purchase or looking to reduce the interest rate on your current mortgage with a loan refinance, Alco Federal Credit Union has the right mortgage option for you!
New & Used Auto Loans
Searching for just the right vehicle can be extremely time consuming. Don’t waste additional time searching for a place to finance your loan. Our rates are competitive, the loan application process is quick and convenient, and the service you’ll receive is friendly and efficient. We finance both new and used vehicles.
New & Used Mobile Home, Boat & RV Loans
Alco FCU wants to help you get the grown-up toy you've always wanted. Whether it's a boat, a motorcycle, or a travel trailer, Alco has an RV loan that is quick, affordable, and hassle free.
Share Secured Loans
Share Secured Loans are loans backed up by your own Share (Savings) Account. Naturally, these loans have a lower interest rate because payment is guaranteed by an amount in your share account that is equal to the balance of the loan. Your savings will continue to earn dividends while you are paying up the loan, making this loan perfect for first time borrowers wanting to establish their credit.
Farm Equipment Loans
Agriculture and ranching have additional needs that ordinary businesses don't. Alco FCU understands your needs and unique business challenges. Our Farm Equipment loans can be used for tractors, trailers, and multiple types of farm equipment.
