Hours: Monday, Tuesday, Thursday 8:30-5:00 Wednesday 12:00 - 5:00 Friday 9:00-6:00
Federal Credit Union
1004 Kennedy Dr.
Key West, FL 33040
Fax (305) 296-7341
Toll-Free (800) 794-8756
Loan Rates & Policies
*Effective April 29, 1999 we will finance any amount for a vehicle as long as member qualifies. We can finance 100% up to 40,000, over $40,00 we will finance up to 80%.
**7 year financing limited to members with good credit history, see Manager
***100% financing after tax, tags, title including extended warranties.
* If purchased from individual, credit union will need to inspect the vehicle. Maximum loan $40,000 on used vehicle.
* Motorized transportation includes boats, pleasure equipment, moped\cycles. Titled Vehicles.
*Includes mopeds, cycles; Written appraisal required. Loan used for purchases only if purchased from individual. The credit union will need to inspect. Any and all used water craft will need an out of water written appraisal by a qualified person.
Powerline (Line of Credit)
Discount for senior citizens equals 3% less than current Signature/fixed rate. 55 yrs and older.
Risk Based Lending Guidelines
Members with Bankruptcy will be charged 3.00% higher on all loans with a maximum of 18.00%.
Members with a Beacon score under 500 will be charged 3.00% higher on all loans with a maximum of 18.00%
Guidelines for Loan Rate Reductions
Members with Beacon score over 600.
Present employment more than 3 years
No unpaid collection items
Homeowner debt ratio 55%
Non-Homeowner ratio 40%
Members with the above guidelines rate on new collateral, may be reduced by 1.50%. Used collateral may be reduced by 1.00%
To assist members in accessing information not maintained on this site, the credit union provides links to other Internet addresses. Be advised that: 1) by clicking on any link to other Internet addresses, you are leaving the credit unions web site; 2) you are linking to an alternate web site not operated by the credit union; 3) the credit union is not responsible for the content of the alternate web site; 4) the credit union does not represent either the third party or the member if the two enter into a transaction; and 5) privacy and security policies may differ from those practiced by the Credit Union