Loans & Credit Cards
For consumer loans, no appointment is necessary and the application is usually processed within one hour. Each loan is evaluated on an individual basis and every effort is made to approve loan requests.
Loans are available for new and used vehicles. The rate and term are determined by the year of the vehicle, loan term and your individual credit history. Terms up to 84 months are available for new vehicles, and up to 72 months for used vehicles. The Credit Union also offers Extended Warranties and GAP insurance for these loans. OKFCU also offers loan pre-approvals. Pre-approvals allow you to focus on finding the right car, for the right price and not worrying about financing.
These loans are available for motorcycles, boats and RVs. Terms up to 120 months are available and vary according to the model year, term, your individual credit history and type of recreational vehicle.
Risk Based Lending
Risk Based Lending takes many criteria into account when considering a loan. This type of lending is intended to help those who have a lower credit score get a loan and rebuild their credit. Loan rates vary. Contact an OKFCU Loan Officer for additional information.
Other Large Purchase Loans
Loans are available for house-hold items, such as appliances. Terms up to 60 months are available.
Loans based on your signature and individual credit history. Up to $14,000.00 can be borrowed and terms up to 36 months are available.
OKFCU offers mortgage loans and home equity loans. Mortgage loans can be used for a new home purchase and the home equity loan is a great way to take advantage of the equity you earned.
Overdraft Line of Credit
A member can apply for an Overdraft Line of Credit which can be used to help keep their checking account from overdrawing. The Overdraft Line of Credit is a loan and loan rates apply on the amount used. An Overdraft Line of Credit can be conveniently accessed by writing a check. Contact an OKFCU Loan Officer for additional information.
OKFCU offers Route 66 Warranties. These warranties offer a complete line of coverage designed to keep your vehicle on the road. No matter where in the United States, you are protected against major mechanical expenses and there is NO DEDUCTIBLE on covered parts or labor. All plans come with rental car allowance and 24 hour/7days a week emergency roadside service.
GAP helps pay off your remaining loan/lease balance (after your vehicle insurance pays) if your vehicle is stolen or damaged and is deemed to be a total loss. GAP can be included as a small addition to your monthly payment. GAP helps clear your credit allowing you to start fresh with a new vehicle purchase. Low cost insurance for peace of mind.
FREE AD&D Insurance
Each member also receives a FREE $1,000.00 Accidental Death Insurance Policy. Please ask for a certificate for full details, on your coverage.
Credit Disability and Credit Life Insurance
For a low monthly fee added to your loan, credit life insurance pays the insured balance of your loan, up to the policy maximum in the event of your death. This ensures your family will not be left with your loan debt. Ask your loan officer for details on your next visit.
If you have Direct Deposit and Payroll Deduction with OKFCU, you can receive 0.50% off the published loan rate.
VISA: The VISA card offers world-wide purchasing power. OKFCU offers a fixed rate VISA card with a 25-day grace period, online access to your credit card account, NO annual fee, NO balance transfer fees, NO cash advance fees, and low monthly payments. (Watch for new options in our credit card section coming soon!)