This is your one-stop-shop to learn everything concerning our Saving Accounts. Take a moment to read about the features and benefits of the product. Then, review the documents listed in the “Behind the Scenes” screen to gather details on policies and procedures pertinent to managing the product. Lastly, take a moment to complete the assessment on this product and give to your supervisor.
Signature Loan: also called a personal or lifestyle loan, this termed-loan available for multiple purposes such as a wedding, bill consolidation, vacation, tuition, etc.
Line of Credit: low-rate open-ended revolving loan. This means that that a certain limit is established upon approval of the loan. Members can use funds up to the limit without ever reapplying for the loan.
Share or Certificate Secured Loans: this is a funding solution for members that secures “or hold” funds in savings account with a termed payback period.
Credit Enhancer Loans: this termed funding solution offer members the benefit of improving their credit with steady loan repayments.
Payday Express Loans: this loan offers help between paychecks for life’s little problems.
| FEATURES | BENEFITS | |
| Signature or "Lifestyle" Loan | - 60 days no payments
| - Perfect for any occasion or purpose so people can have the freedom to finance multiple needs. - If you have no credit history meaning that you never had a loan and pay for everything with cash, your credit will be poor and you will not be able to get a loan. By taking out a secured loan, it will help you build credit. - Solid monthly payment
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| Line of Credit | - Ongoing credit solution
| - This loan is revolving meaning that the loan is open all the time and you can pay it off and the whole limit will be available again. |
| Share or Certificate Secured Loan | - Any loan amount because it's based off the money in share/CD account
| - Improve or build your credit because payments are reported to the credit bureaus. |
| Credit Enhancer Loans | - Limits $500-$3,500 | - Helps increase credit score |
| Payday Express Loan | - Limit $750 | - Great if need money between paychecks. |
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How to Plan for RetirementPrince George's Community Federal Credit Union does not provide, and is not responsible for, the product, service, or overall website content available at a 3rd party site. We do not endorse the information, content, presentation, or accuracy nor makes any warranty, express or implied, regarding any external site. Our privacy policies do not apply to linked websites.
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To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: when you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
