Don’t miss a great rate with a loan from Morton Federal Credit Union
Low low rates!
Loans are available to all Credit Union members in good standing.
All applications for loans are individually reviewed by the Loan Committee. Average time for approval is 24 hours except for secured loans which may be obtained on the same day. First time borrowers are eligible to receive a 1% discount on a personal loan.
Personal Loans
$20,000 max. up to 5 years
Secured Loans
Up to value of shares in Credit Union
New Car Loans
Borrow 100% of sticker price or book value up to 7 years
Used Car Loans
Borrow 100% of book value, 1 – 6 years
Home Improvement
Borrow 80% assessed value up to 15 years
1st and 2nd Mortgage Loans
Borrow 80% assessed value up to 20 years
Borrow up to $500,000.00
70% assessed value borrow up to $650,000
Recreational Vehicle Loans
Borrow 90% of assessed value