CCU Secure Messaging

A regularly published measure of widely accepted interest rates which change periodically, such as the 1 Year Treasury Bill rate or Wall Street Prime rate.

This document is to be used with open-end lending. The voucher is to be filled out with each advance taken and will create a paper trail for the credit unio...

Amortization is a loan payment schedule characterized by equal periodic payments which are calculated to meet current interest payments and retire the princ...

An acceleration clause is a common provision of a mortgage, deed of trust or note providing that the entire principal shall become immediately due and payab...

An application fee may cover the costs of services such as credit reports, credit investigations, and appraisals. The creditor is free to impose the fee in ...

An initial disclosure is the disclosure received prior to the first credit transaction.

An open end loan addendum, together with the credit agreement, sets forth the legal obligation between the borrower and lender.

Bankruptcy is a proceeding in a federal court in which a debtor may be relieved from the payment of all or some debts and may be administered by a court app...

A closed-end loan or extension of credit in which the proceeds are dispersed in full when the loan closes and must be repaid, including any interest and fin...

Collections is a procedure followed to bring the loan account current and to file the necessary notices to proceed with foreclosure or repossession when nec...