Types of Loans

At City Center Credit Union we offer several types of loans. If you don't find the loan you are looking for here, please give us a call at (801)374-5856 or contact us here.

New & Used Vehicle Loans: We offer very competitive rates on both new & used vehicles, with terms up to 72 months. Let us help you in your purchase of your next vehicle. The better your credit & higher the down payment, the lower your credit interest rate will be. Under certain circumstances, rates can be as low as 4.5% APR.

ATV/Motorcycle Loans: Looking for some winter or summer fun? Let us help. We can even finance motor homes for as long as 120 months.

Mortgage & Real Estate Loans: We offer many types of real estate loans, including home equity lines of credit (the balance is revolving & can be used over & over again), home equity loans, as well as mortgage loans for the purchase or refinance of personal, & investment properties. We will even finance land or developed lots. We have many options, even for commercial property. Fees and certain restrictions do apply. If you have a question, please do not assume we will or will not finance a particular type of real estate loan. Give us a call and we can discuss it.

Share Secured loan: You pledge the shares and we make the loan secured by your shares at 2.5% above whatever you are earning on the share account.

Signature/Unsecured loans: With a strong enough credit score and stable employment, we can grant an unsecured loan up to $6,500. Because of the economy and a recent trend of bankruptcies, we have had to raise the bar, so to speak, on unsecured loans. We still offer them, but we prefer to make loans secured with even an older vehicle or other collateral.

Credit Builder/Credit Repair Loans: We make loans to help you build your credit or repair damaged credit. We loan you the money but stick it into a share account. You make monthly payments out of pocket. After a year’s period, you have a good-reporting account to the credit bureau, as well as a savings account with a balance in it that is yours to keep. What a fantastic way to build your credit and save money at the same time.