Portland Federal Credit Union

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Portland Federal Credit Union

9077 Charlotte Hwy
Portland, MI 48875
(517) 647-7571

Loan Options and Services

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Debt Protection for Home Equity Loans

What you need to know to keep your home in tough economic times

We Have Money To Loan



Everyone has financial dreams. Most Americans hold the dream of owning their own home. Many also dream of putting their kids through college, or taking a special vacation. In these tough economic times, many members consider consolidation to lessen their financial struggles until things improve.

Whether you have your eye on a new car, found a great deal on a used vehicle, or would like to refinance a higher rate loan from another financial institution, we have a loan product to fit your needs.

It’s What We Do!

So check with one of our loan representatives at any of our convenient branch locations.

With recent news reports and with struggling financial institutions tightening lending requirements, PFCU is proud to say that we are ready to lend! So despite what you may read about other parts of the financial services industry, PFCU has a strong financial position and we are ready to help you with your lending needs.

We make loans for almost any worthwhile purpose. Our competitive interest rates and flexible terms mean you should make PFCU your first stop the next time you need to borrow!

Stress-Free Borrowing:

“The Plan” is designed around you, the member, so when the need to borrow money comes up you can get it faster, easier and with zero stress. Once “The Plan” papers are signed there is no need for further loan applications nor do you need to come and sign for each advance. “The Plan” works for many different borrowing needs* such as purchasing a vehicle, setting up a VISA credit card account or if you just need some quick cash for a vacation. You simply call us to get a check ready to pick up, drop in the mail, or we can transfer the money into your account.

*Real estate loans are excluded from “The Plan”.

Get to the Bottom Line!

There is a BIG Difference in auto loans out there so don’t be fooled by those low (or zero) interest rates advertised. We urge you to stop and compare the bottom line. Look at the total cost of the loan and you will see that no one makes financing easier or more economical than PFCU.

Financing your next vehicle can be affordable. We finance up to 100% of the purchase price with NO application fee and fast approvals.

Dealer Direct Financing allows you to obtain your PFCU loan right at the dealer’s showroom. No need to come to the credit union. Simply pick out the car of your dreams, make your best deal on the price and tell them you want your loan financed through PFCU…they’ll take it from there!

Refinance a vehicle that you financed with another lender and SAVE! Call any of our loan officers to get a payment and interest rate quote. It takes just a few minutes and you may be surprised as to how much you can save on your monthly payment over the term of the loan!

Rest Easy! Credit Life and or Credit Disability Insurances are an available option on most PFCU loans. The low-cost premiums are added to your loan balance monthly. Credit Union members also get a group discount rate on auto insurance.

Call or stop in today and experience the Credit Union DIFFERENCE with terrific loan products like these:

Automobile/Vehicle Loan—you pay the same low rate for new or used vehicles with up to 84 months to repay. Interest rate is based on borrower’s credit score.

Other Secured & Recreational Products—you’ll enjoy our flexible terms and great rates with up to 15 years (180 months) to pay on travel trailers and large boats.

Signature Loans—unsecured loans for any worthwhile purpose.

Share Secured Loans—borrow against your own credit union deposits at just 2.50% Annual Percentage Rate above your current deposit rate.

TLC (The Loan Check) Line-of-Credit—you are approved for a line-of-credit limit that has easy access. You’ll receive TLC checks and you simply write a check to advance your loan. Payments are calculated at 3% of your loan balance and are due monthly.

Manufactured Home Loans—if you buy a mobile home (and pay lot rent) you can finance with PFCU. Loan terms depend on the percentage of down payment and range from a 5-year balloon to a 20-year fixed-rate.

1st Mortgage Loans—for (owner occupied) home purchases, refinances or even a second home. We have low closing costs and the payment options vary from a 5-year balloon to a 20-year fixed rate.

Home Equity Term Loans—with low closing costs, you can borrow up to 85% LTV of your home. The interest rate is fixed for up to ten (10) years. However the loan may be amortized up to 240 months (20 years) on a 5 year balloon, to keep the payment lower.

Home Equity Line-of-Credit—No closing costs (unless an appraisal is needed), borrow up to 85% LTV of your home’s value. Interest rate is variable and is tied to the Prime Lending Rate.


H.E.L.O.C Disclosure


This is only a partial list of our great loan products and services. If you’re thinking of taking out a loan, be sure to call any of our Credit Union offices and speak to one of our qualified loan officers for more options.


Copyright © 2010 Portland Federal Credit Union.