CCU Secure Messaging

A usury is charging more for the use of money than allowed by law.

A loan default is generally the borrower’s failure to perform any promise made in the note, credit agreement or security instrument.  A creditor can only te...

A loan for which the payment schedule indicates periodic payments of principal and interest that do not fully amortize the loan. The balance of the loan is ...

A co-borrower is someone who shares in the proceeds of a loan and is required to pay. The borrower and co-borrowers are jointly and severally liable.  Under...

A co-maker is someone who shares in the proceeds of a loan and is required to pay.

A co-signer is someone who assumes full responsibility for repayment of a loan in the event the maker is unable or unwilling to repay as agreed in the note ...

A contract is an oral or written agreement to do or not to do a certain thing.

A credit application is a form completed by a prospective borrower interested in obtaining credit. The application is used by the financial institution to o...

A credit limit or line of credit is the total dollar amount authorized to be advanced to a borrower under the terms of their loan agreement.

A finance charge is the cost to the consumer for borrowing money.  This includes interest, loan fees, points and origination fees.