Loans:

iTrust  FCU offers a wide variety of loans to fit your individual needs.  Low monthly payments and affordable rates make it even easier to get the cash you need, when you want it.  There are no application fees or prepayment penalties.  Most approvals are made within one day.

All rates and terms are subject to change without notice.  Loan rates and terms will vary depending on your individual credit strength, value of collateral, if any, and terms chosen.

• Be sure to check our rates.

• Calculate what your payment will be.

• Complete Loan Advance Request now!

• Never a Pre-payment Penalty!

 Credit Report:

  Signature Loans:

You may want a dream vacation or to consolidate some bills into one easy payment.  A Signature Loan may be the answer.  Signature loans are made in amounts up to a maximum of $10,000 based on creditworthiness with a precentage of verifiable annual income.

Amounts authorized under the signature loans are based on credit history and ability to repay.  

• Rates are determined by Risk Based Lending Categories.

• No loan advance will be made for less than $500.

Vehicle Loans:

Buying a car can be easy with a pre-approved auto loan.  The dealer forwards the paperwork to us (fax number 901-507-0942) and your loan is processed. All that is left for you to do is select the car, come in, sign the paperwork and pick up the check.

• We will finance up to 100% of the actual purchase price not to exceed sticker price or the retail value as determined by Black Book on automobiles or Fair Market Value (FMV) on motorcycles.

• Black Book Link

• Low payments and convenience of payroll deduction are available.

New Vehicle:

• We will finance up to 100% of the suggested retail price (base plus additional accessories/equipment), plus taxes, determined by Black Book on automobiles and FMV on motorcycles.

• Current year used or “program” cars and cars within one (1) preceding model year with no more than 15,000 miles will be financed at same rate as new vehicle.

• Terms up to 60 months. Vehicles in excess of $30,000 may be financed up to 72 months. 

• Used vehicle loans will be made on vehicles covering seven (7) preceding model years, not including the current year.  The vehicle must be listed in the Black Book for cars and trucks or FMV reference on motorcycles. 

• We will finance up to 100% of the Balck Book value on automobiles and FMV on motorcycles.

• Terms up to 48 months.  Vehicles which are 7 years old (not including the current year) will be financed for no more than 36 months.  Vehicles with FMV in excess of $25,000 may be financed up to 60 months.

• Loans may be made to members for the purchase of new or used boats, motors, trailers, campers, travel trailers, and motor homes.

• The loan amount for new vehicles will be limited to 100% of the purchase price. (Not to exceed FMV)   

• The loan amount for used vehicles will be limited to 100% of the retail price as listed in the Black Book guide.   

Share-Secured Loans:

Share-Secured Loans are those made using the funds a member has on deposit in a share account (with exception of share draft or IRA) as collateral for the loan. The loan may be made for up to 100% of the balance in the collateral account(s), but no loan will be made for less than $500.  A pledge will be placed against funds to prevent withdrawal.

• The interest rate will be 2% over the dividend rate being paid on the collateral account with a minimum of 3.25%. The minimum interest rate for Share-Secured Loans with a balance less than $5,000 is 5%.

• Terms up to 36 months or, in the case of share certificate(s), not to exceed the maturity date of the certificate(s).  At least an annual payment must be made on the loan. 

Need a low-cost way to obtain ready cash? An iTrust FCU Home Equity Loan may meet your needs.  You pay no application fees, get a good rate and may qualify to have us pay your closing cost.  Check it out today!

• Home Equity Loans may be made on single family dwellings and duplexes located in Tennessee, Mississippi and Arkansas provided that the member resides in the residence on which the loan is being made. This is restricted to the surrounding counties of Desoto, Tunica, Tate, and Marshall counties in Mississippi and Crittenden county in Arkansas. 

• The minimum line of credit will be $5,000 and the maximum will be $50,000. The minimum initial advance will be $5,000 and the minimum advance, thereafter, will be $500. There will be no time limit between advances.   

• The maximum amount that the property can be indebted, at the time the line of credit is extended, is ninety percent (90%) of the current appraised value, including the Credit Union’s line of credit. 

• No loan will be made when there is more than one other lien (the first mortgage) on the property unless the additional lien(s) is being paid off with the Credit Union Home Equity Loan. The Attorney must pay off the additional lien(s) when the line of credit is granted.   

• All parties to the ownership of the property must sign the lien document (Trust Deed). 

• The interest rate will be variable based on the Prime Rate (as published in the Wall Street Journal) plus a margin depending on the credit score.

Disclaimer: Some restrictions apply. See the loan department for current rates. (901) 547-0209.