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Risk-Based Lending


The Credit Union has a risk-based lending policy. The purpose in offering risk-based loans is to help as many applicants as possible. We recognize that certain members represent more risk than others. We will not grant loans where the probability of repayment is very doubtful. We recognize the importance of managed risk. We also believe we have members who are being charged extremely high rates with other lenders that we could help with a managed risk program, plus save these members substantial money while helping them rebuild their credit.

We will always use judgement in granting loans. The CSC beacon store will only tell us what rate to charge if we elect to approve the loan.

When determining the rate of charge, if a joint application is offered, the average of the two beacon scores will be used. In the event there is no credit report to score, the credit union will assign a score of C (600) for all applicants.

The member will be encouraged to work hard to improve their credit score.

Scoring Model

Based on Equifax Credit Scores

Paper Numeric Range
A+ 730+
A 680-729
B 640-679
C 600-639
D 550-599
E 549 or less

Click here for our loan calculator to estimate loan repayment terms.

When additional funds are requested, a Member should have reduced original loan maximum by 10% to be granted new funds (subject to change at Credit Committee's discretion).

All loans made for employees and board members must be signed at the following board meeting.



  • All Current Lending Policies Apply
  • All Rates Subject To Change
  • The Credit Union reserves the right to refuse consideration of a loan application submitted by a member who has caused the Credit Union to suffer any form of financial loss

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