Vehicle Loans
 
When considering a new or used auto, truck, boat, motorcycle, camper trailer, snowmobile, or ATV, look to our loan department. Besides offering some of the most competitive rates in this area, we also offer pre-approved loans, 100% financing, payroll deduction or automatic debit payment, credit disability and credit life payment protection, refinancing of existing loans at other institutions, and new or used vehicle pricing information.

We now also offer a lease look-alike program that can drastically cut your monthly payment without the hassles of a lease.

Apply for your vehicle loan by phone, fax, internet, or in person and within a few hours we will have your approval status. To make buying and financing more convenient, several local dealerships now offer IVCU financing right in the showroom.

Home Equity Loans

Attention homeowners! Using the equity in your home is an increasingly popular way to access extra cash for such things as home improvements, bill consolidation, college expenses or a dream vacation. With an IVCU home equity loan you can borrow up to 80% of the equity in your residence (less than outstanding mortgages). You’ll enjoy low rates, convenient repayment terms, and minimal closing costs. The interest incurred on your loan may also be tax deductible (consult with tax advisor regarding your specific financial situation).

These loans, also known as personal or unsecured loans, are designed to provide you with cash to use for any good purpose—from an unforeseen emergency to a vacation to a bill consolidation. It’s the perfect answer to borrow the money you need today. Your good credit and signature are all that it takes.

A smart way to borrow for a smart investment. A college education pays dividends for a lifetime. IVCU can help open the door to a higher education for you or your child. We participate in the federal student loan program, which offers great interest rates and repayment terms. Every student who has been accepted at a post secondary school can apply, regardless of family need or ability to pay. When you receive your award letter from the school you plan to attend, contact our loan department at 815/224-2666.

Enjoy the worldwide acceptance and convenience of VISA with a credit card from Illinois Valley Credit Union. Our credit card features no annual fee, a low 13.80% rate, a 25-day grace period on purchases, and emergency cash accessibility from most ATM’s. Our Balance Transfer option lets you save immediately by transferring your higher rate credit card balances to an IVCU VISA credit card. Contact the loan department for further information or to apply.

Illinois Valley Credit Union also offers other types of loans such as Share Secured loan, Term Certificate Secured loans, and Line of Credit loans. Contact the loan department at IVCU for further information.