CCU Secure Messaging

A fixed interest rate is when your rate does not change during the loan or plan.

A guarantor 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 joint applicant is another person who is fully responsible on an account or loan.

A late charge is an additional amount a member is required to pay as penalty for failure to make a regular payment when due.

A charge required by a loan originator to be paid by the borrower to cover the credit report, property appraisal, and other incidental expenses associated w...

A loan origination fee pays for the process by which a borrower applies for a new loan, and a lender processes the application. The origination fee generall...

This is when the interest rate is increased which causes the principal repayment to slow down.  Unless the monthly payments are increased, it will cause pay...

The loan periodic rate is defined by the period specified.  For example, a daily periodic rate is the amount of interest that accrues each day.

An open end loan advance is the disbursement of funds under an open-end credit plan. The first advance cannot be made until the credit agreement has been si...

A statement required to be sent by the credit union to members and provides them a history of activity on deposit and loan accounts for the statement period.