Credit Union Hours
Additionally, our Lobby is closed however the Drive-Thru is available
The Colquitt County Teachers Federal Credit Union had been created in 1957. The goal of the Credit Union would be to provide an easy method for every single user to truly save frequently and also to furnish various kinds of loans to qualified people at a competitive interest.
The world of account presently includes workers regarding the Colquitt County class System and people in their instant families 18 years and more youthful and workers of Moultrie Technical university and users of their instant families 18 years and underneath. A person is required to: 1) Complete an Application for Membership Card; 2) Pay an Entrance Fee of $5.00; 3) Purchase one $5.00 Share of Stock to become a member. 4) offer 2 kinds of recognition.
Applications could be acquired by mail or by calling the working workplace at 229-890-6214.
All assets participate in the people and control is exercised by users through election of officers and Committee users during the meeting that is annual. The Board of Directors and Committee users serve for a basis that is voluntary devote several hours of off-duty amount of time in performing their duties and obligations. The Credit Committee is in charge of action on all loan requests. The Supervisory Committee accounts for making an assessment of this affairs associated with credit union at least one time an and reporting the results of such audits to the board of directors year.
The Colquitt County Teachers Federal Credit Union is an entity that is totally separate the Colquitt County class System.
Any user can make deposits with their savings/share account by money, check, cash purchase or payroll deduction. Deposits might be made as much as well as for any quantity the member desires.
Stocks can usually be withdrawn any time during company hours. Needs for withdrawals can be built in individual or by calling our workplace.
Speed and Fee Schedule Disclosures can be found during the Credit Union workplace upon request.
The fundamental policy is outlined below; nevertheless, any information perhaps maybe not covered could be explained at that time application for loan is created.
Very very very Own one or more share ($5.00) for the least 6 months Complete an application for loan and offer proof earnings must certanly be creditworthy Debit to money Ratio can perhaps maybe maybe not go beyond 50% Auto Loan Fee $35.00 Loan Fee $25.00 (all the loans)
The mortgage application should always be converted into the Credit Union workplace, where it’s examined to ascertain that most information that is pertinent been furnished. There should be a amount of 120 times before that loan may be renewed.
Call the Credit Union Office for present prices.
The most to be loaned on signature loans happens to be $7,500. A signature loan is dependant on your beacon rating and income that is gross.
They are loans requiring security such as autos, ships, trailers, ATV’s, etc. Co-makers considered worthy can also be considered for decision in giving the mortgage.
Cars can be utilized as security for loans supplying the conditions that are top article following met:
The nationwide Automobile Dealers Association is employed to look for the loan of the utilized automobile.
The Credit Union provides tiny buck loans (STS Loans) to users with regular paychecks as an option to potentially predatory payday lenders or even satisfy unanticipated economic emergencies or any other short-term income requirements. Listed here are the loan details:
Loan is for quantities no less than $150 with no a lot more than $500 Payback three months or less No Credit Check Minimum 1-yr work and half a year account with CCTFCU Member will signal contract just like New Teacher Loan contract: If work comes to an end before loan is repaid, CCTFCU will subtract remaining loan stability away from final paycheck
Then ST Loan Amount cannot exceed $300 If Annual Salary is over $20,000, then ST Loan Amount can be approved up to $500 if annual Salary is $20,000 or less
The charge card Consolidation Loan was created to particularly repay user’s high interest charge cards.
Optimum Amount – $7,500 Minimal 650 Beacon Rating
2 term – 6.49per cent 3 Year Term – 7.49 12 monthsper cent
Member must bring credit card statement that is latest showing stability. Payoff shall be managed by the credit union. Check will soon be cut from member’s loan profits made payable to charge card business and mailed away by the credit union.
Like most other company which makes loans, some individuals are experienced whom neglect to keep their repayments up-to-date. This is caused by failure to budget their money, impulse buying, and in some cases living above their actual income in most instances. They don’t think about they are borrowing from other workers who spend money on the Credit Union as they are eligible for a return that is fair their funds.
If a crisis arises such as for example infection or accident, a debtor should contact the Credit Union workplace and present some description of the circumstances.
We advice the re payment of loans through payroll deductions. This gives a user setting the deduction over the quantity of the mortgage re re payment; therefore, allowing the user to construct up his/her cost savings.
Deliberate and willful failure to pay will necessitate legal action being taken fully to gather. This causes an expense that is additional the debtor.
We additionally provide prepaid debit cards. You simply load whatever cash you determine to from the card and you may utilize the it anywhere to create acquisitions or at ATM’s to have money back. For as long you can call us and we can load the money on the card over the phone as you have the money in your savings account. There was around an an hour time lapse prior to the cash is accessible to devote to the card. This really is great to possess for teens who will be in high college or university. Rather than going for money you are able to let them have a prepaid debit card. Costs are effortlessly tracked on line. You have access to your debit card account on the internet to check out whenever and where the cash happens to be invested. If you want to utilize for a debit card, merely drop by our workplace and fill out of the application. It can take as much as a week to get the card within the mail. There clearly was a one-time $10.00 cost. Month-to-month cost is $2.50 and $0.75 each right time you load cash on the card.