CCU Secure Messaging

Delinquency is the failure to make timely payments under a loan agreement.

Gross income is your income prior to taxes and deductions being removed.

Open end credit is a consumer loan extended by a creditor that may be used repeatedly up to a pre-approved amount.  Interest is only charged based on the am...

Secured debt is backed or secured by collateral (can be a home or automobile) to reduce the risk associated with lending.

Debt is borrowed money, of which may be either secured or unsecured, with various possible repayment schedules.

The Truth in Lending Act spells out the disclosures that must be made by creditors and also the manner in which they must be made. The purpose of the law wa...

A comprehensive codification and modernization of commercial law (but excluding law dealing with real property).

The initial interest rate is the original interest rate of the loan when it is closed.

The interest rate change date is when the interest rate changes for a variable rate loan. This is the date on which interest begins to accrue at a new rate.

The time over which the balance is amortized after the most recent advance. The payoff period is related to the actual outstanding balance at the time of ea...