For all your Mortgage Needs - Arkansas Federal Mortgage

Consumer Loans

Whatever your consumer loan needs, borrowing money is easy with Arkansas Federal Credit Union's XPress Loan System.

Whatever your desires, a fishing boat for those long lake cabin getaways, an entertainment center to make your living room complete, or a RV to transport you cross-country and back again in comfort and style. These are dreams that bring your family closer together or make life just a little sweeter. With a consumer loan from Arkansas Federal, your dream purchases can become a reality, at a greater savings than you imagined. At Arkansas Federal, members have More Options and More Choices when it comes to consumer loans.

Click here to check our Consumer Loan rates.

XPress Pre-Approved Loan

Whether you are buying a car, truck, van, or SUV from a new or used car dealership, the XPress Pre-Approved Loan from Arkansas Federal gives you the power to pay cash on the spot. Bargaining power with CASH makes the difference.

Before you begin car shopping, it is important that you qualify for a loan via Phone-A-Loan, Telephone Branch, Internet Branch, or appointment with a loan officer. This way, you will have your financing secured AND know what price tag you can reasonably afford. From date of approval, you will have 45-days to shop with no interest charged until you find the vehicle you want and use your XPress Pre-Approved Loan.

The Best Loans at the Lowest Rates

It seems that everyone is always offering the "unbeatable" financing deal, but often, the small print contains a big catch. Before committing to a financing program that sounds too good to be true, check with us. You will save money with a great, low-rate loan and enjoy the peace of mind of working with someone you know and trust.

Whether you are a long-term member or you have recently joined us, you are eligible for an Arkansas Federal loan simply by meeting the following criteria:

Ability to repay the loan
Acceptable credit history
Of good character
Of legal age
Collateral of sufficient value

For more information on our credit standards, see the brochure, "Will Your Loan Be Approved?"*.

Finance It through Arkansas Federal

Whether it rolls, floats, or flies, Arkansas Federal is your ideal financing source for a new or used:

Motorcycle
Fishing, ski or houseboat (including trailer & motor)
Camper or recreational vehicle
Airplane
Car, truck, van, or SUV

If you simply need cash for discretionary expenses, Arkansas Federal's Member's Choice Home Equity Loan* or Visa® Credit Card is the perfect option for you.

Interest Rates

Arkansas Federal's competitive loan interest rates are subject to the "FAIR" provision or "Future Adjustable Interest Rates". Simply stated, as the credit union's interest rates change to reflect fluctuations in the market, the term of your loan will be adjusted-either decreased or increased-to compensate. However, your monthly payment will not change.

Loans are based on simple interest on the declining balance of your loan. In this way, there is no penalty for early loan payoff. Interest is assessed only for the period you use the money.

Payments

Extra payments can be made on your loan at any time. You can even pay off your loan early without the penalty charged by some financial institutions. At Arkansas Federal, members have More Options and More Choices when making payments.

Loan payments can be made effortlessly by:

Direct Deposit or Payroll Deduction*
Mailing your payment to the credit union
Visiting a teller station at any Arkansas Federal branch
Transferring funds via our 24-Hour Touch Tone Teller*
Online Account Access*
ATM*

Member to Member Account Transfers

Arkansas Federal Credit Union recognizes the fact that members need the ability to transfer funds from accounts under one member number to accounts under another member number.

With member-to-member transfer that is now possible! If you are listed jointly on ANY AFCU membership, you may now transfer money from one member number to another through Account Access. First, you will need to contact the Call Center and request that member to member transfers be enabled on any accounts that you are listed jointly. Once this has been enabled, you will login to Account Access and select the Account Transfers tab. Select what membership/account you would like to transfer money FROM. Then select the membership/account that you would like to transfer money TO. AFCU members may also schedule recurring transfers through Account Access with the Scheduled Account Transfers tab.

To request member-to-member transfer, simply contact our Call Center at 501.982.1000 in central Arkansas or 800.456.3000 outside central Arkansas and speak with one of our Call Center Representatives during normal business hours.

Skip-A-Payment

Do you need to stretch your money during the holidays? If so, Arkansas Federal has the perfect gift just for you. As a borrowing member in good standing, you will receive a Member's Choice letter in November of each year to choose which Arkansas Federal loan(s) you would like to skip the payment. Our "CASH IN DECEMBER" program allows you to defer your loan payment(s) due in December until the end of your loan, allowing you to spend the money that would have been used as your loan payment for special holiday purchases. (The interest on your loan will continue to accrue, and all other terms and provisions will remain unchanged).

Types of Loans Available

Arkansas Federal will loan as little as $100 up you’re your qualified limit based on our individual circumstances. Unsecured loans are available to qualified members based on the individual's income and capacity to repay. Secure loans have payments and loan amounts set by the value of the collateral. All loan payments are based on the type of loan and collateral (if any) used, with a minimum payment of $35.

Update Insurance Information

From time to time Arkansas Federal will send out letters requesting that members verify their insurance information, if you have received such a letter from AFCU, click here to update that information.

Debt Cancellation – Prepare for the Unexpected

Many events in life come unexpectedly; with AFCU’s debt cancellation you can protect your family from the unexpected. By purchasing AFCU’s low-cost debt cancellation protection, you would have the peace of mind that your family would be covered in the event that you and/or your co-borrower were to become unemployed, disabled or if an unexpected death were to occur.

Debt cancellation works by cancelling some or all of your debt when a protected event does occur. This flexible protection plan will allow you and/or your co-borrower to choose from coverages that best fit your lifestyle.

Fees for debt cancellation protection are calculated and applied monthly to the decreasing balance of your loan. You only pay for what you need. Protect yourself against that unforeseen event.

What Debt Cancellation does for You:

Makes your loan payments
Protects your credit rating
Protects you if your spouse dies
Prevents late fees
Prevents repossessions of property

For additional information regarding AFCU’s debt cancellation contact a Call Center representative at 501-982-1000 or 800-456-3000 or by visiting one of our convenient branch locations.

Building Your Credit Future

Information regarding your borrowing and repayment history is provided to all national credit bureaus to help you build your credit rating for future borrowing needs.