Loans

Whatever your needs, Altoona Regional Health System Federal Credit Union is here to help. We are available to help you, whether you need Vehicle, Student, Home Equity, or Vacation money. By bringing your loan to the credit union, you will be doing yourself a favor. Members pay low interest on their loans, and the income that their loans bring into the credit union is returned to them in dividends on their shares and in the form of other services.

Credit Disability Insurance, as well as Credit Life Insurance are available for your loans at a reasonable rate. Credit Life Insurance can provide your family with the peace of mind if something were to happen to you -- your loan would be Paid-in-Full. Credit Disability Insurance may be able to help the borrower make your loan payments while you are sick or disabled. We think it is an important benefit for all borrowing members, so please consider it carefully!

Terms of repayment - A unit-cost example is - 48 monthly payments of $27.83 per $1000 borrowed

Requirements:

Convenience of paying back the loan can be made through Payroll Deduction or as a distribution of an ACH deposit. Cash payments are available and can be made in person or by mail.

All Loan Applications are judged on individual merit under the guidelines of The Equal Credit Opportunity and other requirements of this credit union. The fact that payments can be payroll deducted does not automatically qualify an applicant. Granting a loan or a loan extension is based on a member’s ability to repay, length of employment, salary and previous financial obligations history.