Loans

Southfield Office		Novi Branch
22250 Providence Drive		26850 Providence Parkway Suite #110
Southfield, MI 48075		Novi, MI 48374
(248) 996-6070		(248) 662-0383
Fax: (248) 849-5391		Fax: (248) 662-0385

You can still take advantage of this low-rate loan to help you manage your finances this year. Whether you are planning to purchase a vehicle, RV or personal loan for the holidays. You can be entered to win one of two iPads! This offer is good for refinances also! We can lower your rate and you can qualify to win!! Apply today!!

Whatever your borrowing needs, Credit Union Advantage is here to help, whether it is for a vehicle, education, home improvement, emergency, home equity, mortgage, travel or personal. You can apply for your loan at any of our two offices, through our website, or by calling our office.

Credit Union Advantage members pay low interest on their loans and the income which their loans bring into the credit union is returned to them in dividends on their shares and in the form of other services.

Credit Disability Insurance, as well as Credit Life Insurance are available for your loans at reasonable rates. Credit Life Insurance can provide your Family with the peace of mind. If something were to happen to you, your Loan would be Paid-in-Full. Credit Disability Insurance may be able to help the borrower make those loan payments while you are sick or disabled. We think it is an important benefit for all borrowing members. Please consider it carefully.

We also offer GAP auto loan insurance and Mechanical Breakdown insurance protection on vehicle loans.

Your loan can be paid conveniently in person, by mail, through bill pay, on auto transfer with direct deposit and payroll distribution. Payments can also be made through ATM and on-site night deposit.

All Loan Applications are judged on individual merit under the guidelines of The Equal Credit Opportunity and other requirements of this credit union. The fact that payments can be payroll deducted does not automatically qualify an applicant. Granting a loan is based on a member's credit score, ability to repay, length of employment, salary and credit history.

You have a right to submit a written application for a mortgage loan or a home improvement loan or to request written information concerning typical loan terms that we are currently offering on mortgage loans and home improvement loans. It is illegal to establish a minimum mortgage amount of more than $10,000.00 or a minimum home improvement loan of more than $1,000.00. It is illegal to deny a loan or vary the terms and conditions of a loan because of the racial or ethnic trends or characteristics of the neighborhood or the age of the structure, but not because of its physical condition. If your application for a loan is rejected, you have a right to a written statement of the reason for the rejection. If you are granted a loan but the amount required for a down payment, the interest rate, term to maturity, application procedure, or other terms or conditions of the loan vary from terms or conditions offered in other neighborhoods, you have a right to a written statement of the reasons for the variation. The rights described in this notice are set forth in and limited by Act 135 of the Michigan Public Acts of 1977. If you believe that your rights under this act have been violated, you should contact the Office of Financial and Insurance Services (OFIS).

Office of Financial and Insurance Services
P.O. Box 30220
Lansing, MI 48909-7720
Telephone number: (517) 373-0220