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Credit Union Loans

kearnst2 · 2013-02-27 14:04:34

Not sure if this is the correct section but I was just wondering if anyone knew what the general terms of lending are within credit unions. I mean how much can I borrow in relation to my deposits there? 50%, 100%, 150% etc.. Thanks

27-02-2013 2:04pm

#1

kearnst2

Registered Users, Registered Users 2 Posts: 33 ✭

Join Date: January 2008

Posts: 16

Not sure if this is the correct section but I was just wondering if anyone knew what the general terms of lending are within credit unions.

I mean how much can I borrow in relation to my deposits there? 50%, 100%, 150% etc..

Thanks

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Comments

#2 27-02-2013 2:06pm

goldenhoarde

Registered Users, Registered Users 2 Posts: 863 ✭✭✭

Join Date: July 2007

Posts: 839

Last time i got a loan in the CU it was a max of 3 times my deposits i could get This was 10+ years ago.

so if i had a grand i could lend 3 grand and so on!

Also not sure if this was the best place to post it!

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#3 27-02-2013 2:07pm

orchidsrpretty

Registered Users, Registered Users 2 Posts: 2,148 ✭✭✭

Join Date: February 2007

Posts: 1860

Yeah, its generally 3 times your savings.

Would be better suited to banking forum, you can ask a mod to move

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