Loans & Credit Cards

Any member of Maine Highlands FCU has the privilege of applying for a loan, and members need not wait until their loans are paid in full before requesting additional credit.

Loan Processing Time

Every effort is made to have the loan proceeds available for members as soon as possible.

Multiple Loans

Members may have any combination of loans as provided by the loan policy, limited in amount by the security offered, their ability to repay, and their credit worthiness. Members may repay their loan in full at any time. There are never any prepayment penalties, or hidden charges.

Truth-In-Lending

Under the provisions of this Act, Maine Highlands FCU is required to express its terms and costs on each loan uniformly. The Annual Percentage Rate (APR) is the amount of the finance charge expressed as an annual rate.  The APR makes it possible to compare credit costs among lenders.  No applicant will be denied any services of the Credit Union due to discrimination because of ancestry, race, color, religion, national origin, sex, political persuasion, sexual orientation, veteran’s status, marital status, handicap, familial status or age (provided that the applicant has the capacity to enter into a binding contract), the fact that all or part of the applicant’s income is derived from any public source, or the fact that the applicant has, in good faith, exercised any rights under the Federal Consumer Protection Act or similar state law.

Credit Life and Disability Insurance is available on most consumer loans as long as qualifications are met.

Guaranteed Asset Protection (GAP) is coverage that pays the difference between your primary insurer’s settlement and the loan balance on items directly related to the purchase of a vehicle.  Frost Financial Services, Inc. is low-cost coverage for a potentially high-cost expense.

Vehicle Service Contract: When buying any vehicle, there is always a chance of having a mechanical breakdown which can be very expensive to repair. With a vehicle service contract from Auto Exam you can add protection against the unexpected high cost of vehicle repairs, in some cases eliminating the cost altogether!

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Download our Loan Application.