Lending Products

We have money to lend! From vehicles to Visa, we have a loan for you. Our lending policy is to offer preferred rates to members with excellent credit while still offering competitive rates to members trying to improve their credit records.

Benefits of Borrowing from Your Credit Union

  • Rates are always stated in annual terms as annual percentage rates.
  • Interest is charged only on the declining balance.
  • There’s no prepayment penalty.
  • You can make automatic repayments through direct deposit or payroll deduction.
  • Loan protection, extended warranties and disability insurance are available.

Types of Loans Available

To qualify for a loan, you must:

  • be a member in good standing
  • maintain a share balance of at least $100
  • have no delinquency on any other DCTFCU loans
  • be legally qualified to enter into a binding agreement
  • demonstrate an ability to save
  • have a favorable employment and credit history

In some cases, there may be additional requirements depending upon the type and amount of loan requested. Membership alone is a not sufficient basis for granting a loan; there is no unqualified right to a DCTFCU loan.

If you’ve filed for bankruptcy in the past, we cannot grant you a loan unless you’ve had a good credit rating for the past two years. If our credit union suffered a loss as a result of your bankruptcy, you’re no longer eligible for credit and no longer eligible to be a co-maker for other members’ loans.
Apply Now

To apply for a loan or line of credit, complete and return your application to the credit union in person, by fax or by mail with your two most recent pay stubs.

Skip-A-Payment Program

Our Skip-A-Payment program lets members choose one month to skip their monthly loan payment. Keep the cash for some other purpose!
Request a Skip-A-Payment

Recommended Reading

  • Keeping Your Credit Record Clean
  • Identity Theft
  • Money Management Quiz
  • Recognizing a Good Loan