Loans

Personal Loans

Personal loans are granted on the borrower's signature.

  • Single Loan Maximum: $5,000.00.
  • Maximum Term: Repayment terms up to 48 months (4 years).
  • Fixed Interest Rate: Based on risk based lending.

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Revolving Line of Credit Loans

  • Loan Maximum: up to $7,500.00.
  • Maximum Term: Revolving Credit Line.
  • Variable Interest Rate: Based on risk based lending.

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12/9 Consumer Loans

12/9 short term loan is a 12 month loan with only 9 payments. Zero payments for the first 3 months.

  • Loan Maximum: up to $5,000.00.
  • Maximum Term: 12 months from start of loan.
  • Fixed Interest Rate: Based on risk based lending.

Debt Consolidation Loans

Debt consolidation loans are granted to the borrowers for the benefit of consolidating credit. Members are required to make payments directly from the credit union to their creditors.

  • Loan Maximum: up to $10,000.00.
  • Maximum Term: Repayment terms up to 60 months (5 years). 
  • Fixed Interest Rate: Based on risk based lending.

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Holiday Loans

A Holiday Loan is 12 month loan used for holiday shopping or taking a vacation and paying through-out the following year.

  • Loan Maximum: up to $2,500.00.
  • Maximum Term: 12 months from start of loan.
  • Fixed Interest Rate: Based on risk based lending.

Share Secured / Passbook Loans

Loan is fully secured and backed by the shares in your account.

  • Loan Maximum: 100% of your account balance.
  • Maximum Term: 10 years.
  • Fixed Interest Rate.

Loan Specials

These loans will usually be advertised quarterly and have a variety of themes associated with them.

  • Loan Maximum: varies upon product advertising.
  • Maximum Term: varies upon product advertising.
  • Fixed Interest Rate: Based on risk based lending.

New Auto Loans

Eligible vehicles include: Auto’s purchased new within 120 days of the loan date and have less than 7,500 miles.

  • Loan Maximum: 100% of vehicle purchase price including sales tax and/or extended warranty.
  • Maximum Term: Repayment terms up to 84 months. (7 years).
  • Fixed Interest Rate: Based on risk based lending.
  • Members are required to provide a copy of the dealer invoice and insurance binder.
  • The Credit Union requires that comprehensive and collision coverage be maintained for the life of the loan and that the Cadets Federal Credit Union be listed as loss payee. Cadets FCU must also be included on DMV Title as lien holder.

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Used Auto Loans

Eligible vehicles include: Used auto's that the year of the auto does not exceed 13 years of age.

  • Loan Maximum: 100% of vehicle purchase price including sales tax and/or extended warranty as long as the vehicle purchase price does not exceed the retail price on the NADA and/or the Kelly Blue Book website.
  • Maximum Term: Repayment terms up to 72 months (6 years), based on year of vehicle.
  • Fixed Interest Rate: Based on risk based lending.
  • Members are required to provide a copy of the dealer invoice and insurance binder.
  • • The Credit Union requires that comprehensive and collision coverage be maintained for the life of the loan and that the Cadets Federal Credit Union be listed as loss payee. Cadets FCU must also be included on DMV Title as lien holder.

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Recreational Vehicle Loans

Eligible vehicles include: ATV's, Boats, Campers, Motorcycles, Snowmobiles, etc.

  • Loan Maximum: 100% of vehicle purchase price including sales tax and/or extended warranty up to $50,000.00.
  • Maximum Term: Repayment terms up to 180 months (15 years).
  • Fixed Interest Rate: Based on risk based lending.
  • Members are required to provide a copy of the dealer invoice and insurance binder.
  • The Credit Union requires that comprehensive and collision coverage be maintained for the life of the loan and that the Cadets Federal Credit Union be listed as loss payee. Cadets FCU must also be included on RV Title as lien holder.

Recreational, Pool & Spa Loans

All recreational pool & spa loans must remain in good standing for at least one year from first payment due date. Other restrictions may apply and are subject to change.

  • Loan Minimum: $5,000 minimum financing.
  • Loan Maximum: $50,000.00 maximum per customer (A credit score of 680 or better to be eligible for loans of $25,000 or more).
  • Minimum Term: Repayment terms up to 60 months (5 years).
  • Maximum Term: Repayment terms up to 144 months (12 years).
  • 10% down payment may be required.
  • Fixed Interest Rate: Risk based lending rates apply.

Non-Owner Occupied Loan

Non-Owner occupied real estate mortgages. 

  • Loan Maximum: up to 75% loan to value for Non-Owner Occupied with no PMI. Escrow required.
  • Maximum Amount: Non-Owner-occupied mortgages cannot exceed $50,000.00 per individual.
  • Maximum Term: Repayment terms up to 240 months (20 years).
  • Fixed Interest Rate: Based on risk based lending.
  • Assignment of Rents are required.
  • Application/Document fees apply - see rate schedule.

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Locations & Customer Service

Elma Location

Address: 1751 Transit Road, Elma, New York 14059
Phone: [716] 771 3434
Fax: [716] 771 3435

Hours of Operation

Monday - Wednesday: 9:00am - 4:30pm
Thursday: 9:00am - 5:00pm
Friday: 9:00am - 5:30pm
Saturday: 9:00am - 1:00pm

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Buffalo Location

Address: 927 Grant Street, Buffalo, New York 14207
Phone: [716] 873 1174
Fax: [716] 873 1256

Hours of Operation

Monday - Thursday: 9:00am - 4:30pm
Friday: 9:00am - 5:30pm

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