Loan Products
NEED HELP OR HAVE ANY QUESTIONS ABOUT THE LOAN APPLICATION?
PLEASE FILL OUT FORM BELOW AND A CREDIT UNION REPRESENTATIVE WILL CONTACT YOU.
We have loans for every need:
New and Used Auto Loans
Classic Auto Loans
New and Used Recreational Vehicle Loans
Boat Loans
New and Used Motorcycle Loans
Share/Certificate Secured Loans
Unsecured/Personal Loans
Platinum Visa Credit Card
Lightning Loan
promotional loans
Tax Bill Relief Loan
Vacation Loans
Back-to-School Loans
Enjoy rates as low as 6.75% APR* Please contact one of our friendly Member Service Representatives for more details.
*Annual Percentage Rate (APR). Vacation loan rates effective December 1, 2023. Rates range from 6.75% to 8.00% APR and are subject to change. Actual rates are disclosed to applicant in writing prior to loan execution. Amounts range from $1,000 to $5,000 and terms range from 12 to 24 months. Offer does not apply to refinancing existing M1FCU loans. To learn more about rates and terms call (209) 521-2020, visit m1fcu.org, or visit our branch. Loan payment example: $44.89 per month per $1,000 borrowed at 7.25% APR for 24 months. Interest accrues from date funds are advanced. Rate, maximum term, maximum loan amount and advance amount based on credit qualifications.
| Description | Maximum Financed | Maximum Loan Amount | Term in Months | Annual Percentage Rate |
|---|---|---|---|---|
| New Vehicle | 100% Purchase Price | $100,000.00 | 12-84 | as low as 5.25% |
| Used Vehicle | Up to 100% of Kelley Blue Book Retail Value | $100,000.00 | 12-84 | as low as 5.75% |
| New Motor Home(RV, Travel Trailer, Boats, Motorcycles, Personal Water Crafts) | Up to 100% of Purchase Price | $100,000.00 | 12-144 | as low as 7.25% |
| Used Motor Home (RV, Travel Trailer, Boats, Motorcycles, Personal Water Crafts) | Up to 80% of Kelley Blue Book Retail Value | $100,000.00 | 12-144 | as low as 8.50% |
| Shared Secured | 100% of Regular Shares Balance | $500.00 or more | 12-60 | Current Share Rate + 3.00% |
| Certificate Secured | 100% of Certificate Balance | $1,000.00 or more | Certificate Maturity | Certificate Rate + 3.00% |
| Personal Loans | $10,000.00 | $10,000.00 | 12-60 | From 10.75% |
We calculate the interest you pay on loans based on your unpaid principal balance for the actual number of days you use the funds. There are never any pre-payment penalties or hidden charges.
Your interest rate will be determined by individual credit history and the credit union’s underwriting standards. We offer a discount of 0.25% for 20% cash down on new and used vehicle loans (First-Time Buyer program is exempt form the discount).
Minimum Payment: The amount and due date of your payment will be established at the time of each advance. The minimum monthly payment for all loans is $25.00 a month unless otherwise stated.
Filing Fee: You may be charged a lien filing fee at the time of advance if the credit union takes security interest in your collateral. The amount of the filing fee will be based upon the amount of fee required by state law for the credit union to obtain a lien on your property. The amount of the filing fee will be disclosed at the time of the advance.
Real Estate Closing Costs: Vary from $0 – $5,000.00 depending on the amount borrowed and other factors.
Credit Disability Payment Protection: Credit Disability Payment Protection makes your covered loan payments in the event of disability. Also, it offers financial relief and peace of mind by protecting your credit rating. Low premium, usually only a few cents per $100.00 of your loan, makes this benefit affordable to Modesto’s First Federal Credit Union members.
Credit Life Payment Protection: This pays off a covered loan balance up to the policy maximum in the event of death. It brings peace of mind and security to your family knowing that they are protected from the loan debt. The premium is also usually only a few cents on every $100.00 of the loan, makes this benefit affordable to our members.
Mechanical Breakdown Insurance: This provides you with flexibility and security in knowing that your automobile is protected. You may feel secure in knowing that when you incur a problem, the solution is just a phone call away.
Assurance Insurance: Assurance offers protection against financial liability for individuals who finance a new or used vehicle, motorcycle, RV, or boat. Assurance coverage protects against financial loss in the event that your vehicle is damaged beyond repair (totaled) or stolen and never recovered. With Assurance coverage, the loans uninsured balance is then waived.
Auto Buying Service: Looking for a new automobile? Let Modesto’s First Federal Credit Union put you in the drivers seat the fast, easy way through Pinnacle Auto Brokers. When you work with Pinnacle Auto Brokers, you will save time and money and the hassle of negotiating with the dealer. Modesto’s First FCU offers its members assistance in the purchase of a new or used vehicle through Pinnacle Auto Brokers representative. Pinnacle Auto Brokers professionals will save you time and money while providing fast reliable service. For assistance please call (559) 431-5841.