It’s Crystal Clear -

Manager’s Corner

    Through my time here at the credit union, I have seen many fads come and go. A Long term relationships are our goal@ is not only our logo, but also how we operate daily. We endeavor to balance the cost of loan products, reasonable repayment schedules, and risk for the credit union. As we look at the products and terms, our goal is not to just A put loans on the books.@ We try to keep our repayment schedules so the balance owing will always be equal or less than the value of the vehicle. That way our customer is never A stuck@ with a vehicle. However, as time has passed, competition has extended the number of months for their loans to be repaid. We have slowly extended ours as well. If a person doesn’t put anything down on a vehicle and finances it 60 months, it takes 2B 1/2+ years, to begin building equity on the purchase - and 72 months - forget it! The difference in payment between 60 and 72 months is usually less than $100 a month! Normally $100 doesn=t justify 12 more payments at $400-500+ a month!

    Here at the credit union, our loan policy is conservative, and is not as liberal as car dealers or finance companies offer sometimes. Our rates are very competitive, however, and we will even match verified rates if at all possible. Sometimes our policy can= t compete though, because the credit union is not interested in getting us all in a bind. We are concerned how it will affect you - and eventually us in the long run. We have tailored the policy to achieve the best result for all concerned.

    We love to loan money here. It brings the highest return on our investment. If we can= t meet your terms, it is usually because we have seen those terms not be a benefit through the entire loan contract. And if it is not good for you - sooner or later, it will not be good for us. Establishing trust and a long term relationship grants you, as the member, all the benefit of our knowledge from years of practice and application. We never want the credit union to leave a sour taste in your mouth. We desire a long term relationship with you and your family.