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Loan Options

Our rates are low and our people are here to help you! We offer discounted rates when you sign up for automatic payments from your CVFCU account or apply for your loan online. And we can provide pre-approvals for most loans with a simple phone call to our Call Center.

If you have a loan with someone else, give us a chance to beat that rate. There are no application fees, so we start saving you money before you even get the loan!

Secured Loans

Use Your Money to Qualify for a Great Loan Rate!
Borrow against money you have on deposit in your Savings, Money Market, or Certificate accounts for a great loan rate!

*Loan rate = 3.0% above the deposit rate on your account
as long as your deposits are greater than the amount you want to borrow.

Debt Consolidation

Consolidating Debt Can Make Your Future Bright!
Sometimes it’s hard to get by and managing your bills can be difficult. In times of financial trouble, bankruptcy can be a costly mistake. Let us help you help yourself!
Your Community Credit Union can help you manage your debt by combining high interest credit cards and loans into one affordable payment with a reasonable rate of interest. Let one of our loan staff assist you in person at one of our branches or by phoning the Call Center at (434) 528-9016 or (800) 335-0069.

Or contact our partner, GreenPath Financial Wellness, for free one-on-one counseling.

Term Notes

A great short term borrowing option!
Term Notes are short-term loans that mature in less than one year. These loans can be useful to cover an emergency expense or finance a purchase that you can pay back quickly.

Select the term that best suits your loan needs!
  • 30 Days
  • 60 Days
  • 90 Days
With a variety of options you can select the one that suits your borrowing needs best! There are also options to refinance for up to one year depending on the circumstances.

First Time Borrowers

New to borrowing? That’s okay…. We’ve done this a few (thousand) times so we know how to help! You can get the cash you need and start establishing credit with our loan program for first-time borrowers.
  • Need a loan…but have never borrowed before?
  • Want to start establishing a positive credit history?

The First Time Borrower Program is designed for any CVFCU member who has no borrowing history and meet financial qualifications. You must be 18 years or older to apply.

With a first-time loan and on-time payments, you’ll be on your way to establishing a strong credit history. Your Community Credit Union believes it’s important to help our members get off on the right foot from the very start!

Discount Insurance

You deserve quality coverage at affordable rates. Contact Liberty Mutual Insurance to enjoy your credit union discount on auto and homeowner’s insurance!
Guaranteed Asset Protection (GAP)


GAP helps you cover the remaining balance of your loan if you experience a total loss before it is paid off.  This protection settles the difference between your primary insurance settlement and your remaining loan balance at the time of the loss. 

Mechanical Breakdown Protection

This protection provides four levels of coverage that protects you against costly mechanical repairs.

  • Roadside Assistance
  • Rental Vehicle Assistance
  • Tire Road Hazard
  • Trip Interruption
  • 4 levels of coverage: Platinum/Gold/Silver/Copper

Multi-Shield Protection

Provides protection for the following:

  • Tire & Wheel Coverage
  • Windshield Repair
  • Dent & Door Ding Protection
  • 24/7/365 Emergency Road Side Assistance
  • Automobile Deductible Reimbursement

To learn more, please contact your loan officer today at (434) 528-9016 or (800) 335-0069. 

If you are a first time home buyer, take time to visit our Resources section for information to help you start the home buying process. Be sure to check out our calculators which will help guide you through some important calculations.

Am I Financially Prepared?

Before you consider buying a home you must be financially ready. Some things you should consider:
  • Have you saved for a down payment – at least 5% of the purchase price of the home?
  • Is your credit record healthy?
  • Can you afford the property taxes?
  • Can you make the monthly mortgage payments?
  • Do you have money set aside for home emergencies such as a new furnace or hot water heater?

Does it Make Sense to Buy?

Be sure to think about your future plans, consider questions such as:
  • How settled am I?
  • Is a job transfer likely?
  • Would I like a change of scenery sometime in the near future?

If you’re not going to be in the same location for the next 3 to 7 years, you may not want to buy a house. After only a few years, you won’t make enough on the house sale to at least break even.

How Much “Home” Can I Afford?

You want to start looking for your dream house but you’re not sure just how much “home” you can afford. That’s where we can help. We can help you calculate what you can afford, explain our mortgage loan options and get you into a house you’ve been dreaming of – while helping to keep the costs well within your budget.

So you’re ready to buy? What do you need for mortgage application?

When applying for a mortgage loan, lenders require several pieces of personal information and documents. To help speed up the process and ensure you are prepared, we have compiled a list of items you’ll need to review and make sure you have ready for your mortgage consultation.

Personal Information To Have Ready

  • Property information including address, legal description of property and the year the residence was built
  • Social Security number(s) of applicant(s)
  • Employment information for the previous two years
  • Income information – including salary, overtime, bonuses, commissions, dividends, interest, retirement and any other source of ongoing income
  • Present rent or mortgage payment information – including payments, taxes, dues and insurance
  • Liquid assets – including name of financial institution, account type and balance including retirement and investment statements
  • Amount of cash deposit towards purchase
  • Property owned – including current residence, retirement funds, businesses owned, automobiles and a value estimate of remaining personal property
  • Liabilities for all open accounts – including account number, names, complete mailing addresses, balances and minimum monthly payments
  • Child support or alimony funds
  • Schedule of real estate owned

Documents We Will Need

  • Most current pay stub and W-2 for the last year
  • Statements for all non-CVFCU accounts for the previous two months
  • If renting, the name, address and telephone number of any landlord(s) for the previous two years
  • Purchase contract and copy of the canceled binder check if the earnest money deposit is over $1,000
  • If retired, an annuity statement or awards letter
  • Separation documents and divorce decree, if applicable
  • If child support or alimony is used as income, the most recent twelve-month history of receipt is required

If you are self-employed:

  • and file a Schedule C or receive income from rental property, bonuses or commissions, or own 25% of your company, you must provide the last two years’ tax returns with new original signatures and a current date- including all schedules, a current balance sheet and a current profit and loss statement
  • and file partnership, S-corp. or corporate returns, you must provide the previous two calendar years’ business tax returns along with your personal returns and a profit and loss statement and balance sheet through the end of the last month