Other Loans

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What if your daughter comes home with a ring on her finger or it comes time for your own second honeymoon? If you need money for life's big events or little emergencies, look to SouthPoint Federal Credit Union for the extra money you need without a lot of questions and hoops.

Member LoanWith SouthPoint Federal Savings Membership and your good credit, you can borrow up to $2,500.00 with no collateral.

Recreational Vehicle LoanA loan for which an untitled recreational vehicle is used as collateral. It allows members to borrow money to purchase or refinance untitled recreational vehicles or use them as security for personal expenses at a fixed term and rate. Minimum $1,000.00- Maximum 100% of purchase price, plus tax, license, and transfer fees and any additional coverage. Ex. Credit Life/Dis, GAP, MRC

	MEMBER LOAN	RECREATIONAL VEHICLE LOAN
Rates	Varies depending on credit score	Fixed, 1% higher than Auto rates, varies depending on credit score Collateral more than 8 years old is given the Member Loan rate
Rate Discounts	.50% discount with automatic pmt from a SouthPoint checking acct and/or .50% discount if member signs up for or is already enrolled in eStatements	.50% discount with automatic pmt from a SouthPoint checking acct and/or .50% discount if member signs up for or is already enrolled in eStatements
Repayment	36 months maximum Pay ahead and advance due date on loan for up to 6 months. Pay in full at anytime with no penalty. Due date-30 days from disbursal date Payment amount varies - $100.00 per month minimum Payment Options: -Automatic from SouthPoint savings or checking account -Cash or Check - coupon book is generally ordered with this option -Auto pays from other financial institution are NOT allowed	36, 48, 60, or 72 months-Depends on the year of the collateral Pay ahead and advance due date on loan for up to 6 months. Pay in full at anytime with no penalty. Due date-30 days from disbursal date. Payment amount varies - $100.00 per month minimum Payment Options: -Automatic from SouthPoint savings or checking account -Cash or Check - coupon book is generally ordered with this option -Auto pays from other financial institution are NOT allowed
Fees & Charges	Coupon Book Fee-$5.00 15 Days Grace Period-$15.00 Late Charge	Coupon Book Fee-$5.00 15 Days Grace Period-$15.00 Late Charge

Our Mission

SouthPoint Federal Credit Union empowers members to achieve their goals and dreams by providing exceptional service and guidance. We aspire to become the primary financial institution for members, contribute to the well-being of our communities and maintain earnings and reserves which promote sound growth and encourage member confidence and loyalty.

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Yes, banks and credit unions do have similarities; checking and savings accounts, loans, tellers, ATM cards, etc . . . but the differences are significant and worth examining.

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Deposit and loan products offered by
SouthPoint Federal Credit Union, Member NCUA
Equal Housing Lender

Investment Products: Not NCUA Insured • No Credit Union Guarantee • May Lose Value

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