Loan Products

All loans are subject to the requirement of established credit union membership and credit approval.

  • Cars, trucks, motorcycles, boats, 4-wheelers, snowmobiles---we can finance all of them! We can finance purchases, refinances, or just use them as collateral for a lower rate. We can do payroll deduction or auto pay and have terms as long as six years to help make your monthly payment fit your budget. Don't forget, we can give a pre-approval before you start shopping for your new car or boat. It helps you know how much you can afford and can even give you some bargaining power when you are making your purchase.

    We offer Guaranteed Auto Protection (GAP) coverage and vehicle service contracts from Vision Warranty Corporation. Ask one of our loan officers for more information regarding these additional products.

  • Your credit union is here to help! If you need quick, easy funds to pay your tax bill, or for anything else, we invite you to apply for our Personal Loan today! We offer personal loans at affordable rates that you can use for just about anything: consolidating debt, paying for unexpected expenses, funding that dream vacation, paying for education expenses, and more!

  • If you need to build or repair your credit, or if you just want a lower interest rate on a loan, a Share Secured Loan from Lakewood Credit Union might be the right fit for you!

    This type of loan lets you borrow against the money you have in savings, while your savings account stays intact and keeps earning dividends. As you make on-time payments on your loan, you’ll build or improve your credit.

  • Home is an important place: it’s where you can relax, make your own rules, raise your family, and make memories. From getting that first mobile home or house, upsizing, downsizing or even making home improvements, Lakewood Credit Union offers mortgage options to fit your needs and your budget. Looking to purchase your future dream home location or hunting land, we offer vacant land loans as well.

    If you already have a home-sweet-home but a not-so-sweet monthly payment, talk to us about refinancing your current mortgage. We may be able to help you lower your payment.

    Getting a home loan doesn’t have to be a confusing or stressful experience. We’ll make it easy for you!

    Lakewood Credit Union offers two types of mortgage loans.

    BALLOON LOAN:

    • Available on a 60-month balloon payment amortized up to 30 years.

    • Rates are reviewed at the end of their respective terms.

    • Rate adjustments may require a rewriting of the mortgage note.

    FIXED LOAN:

    • 5 year fixed rate

    • 10 year fixed rate

    • 15 year fixed rate

  • We work with ISL Education Lending to offer private loans to help you pay for college as well as refinance existing student loans. ISL Education Lending is a nonprofit organization with decades of student loan experience offering lower-priced loans.*

    ISL Education Lending offers:

    • Loans for college students.

    • A loan option for parents and family members who wish to borrow on behalf of a college student.

    • Multiple student loan refinance options.

    In addition, they offer multiple scholarship opportunities and free college planning tools to help students and families avoid overborrowing and plan smart for life during and after college.

    Learn more about ISL Education Lending’s offerings on their website.

    Please note:

    • All loans offered by ISL Education Lending are subject to credit approval.

    • Before applying for a private loan, we encourage you to first complete the FAFSA, or Free Application for Federal Student Aid. You should also work with your college financial aid office to explore and exhaust all sources of student financial aid before seeking a private student loan.

    *Lakewood Credit Union is compensated by ISL Education Lending for the referral of student loan customers.