That’s easy. Purchase your vehicle through our CUDL program, where more than 175 local dealerships can approve your loan for Unitus financing right on the spot! Simply tell your salesman that you’re a Unitus member and they can handle the rest.
Your title can be released the next business day if your payoff is made via payroll deduction, a cashier’s check or transfer from available funds. Otherwise, the title to your vehicle will be released in about 10 business days.
Unitus is the lien holder on your vehicle. In the event your vehicle is totaled or stolen, the insurance company will need to send the claim check directly to Unitus to be applied against your loan balance.
GAP Coverage helps avoid the situation where someone’s car is totaled or stolen and their insurance coverage doesn’t cover the full cost.
Many insurance companies only pay the ‘Actual Cash Value’ of the vehicle. In most cases, this doesn’t equate to the loan balance, and the borrower is left paying the difference.
To protect members from this unpleasant situation, we’ve partnered with Allied Solutions to offer an inexpensive solution. Named Guaranteed Asset Protection Insurance (GAP), our GAP program waives the difference between your primary insurance company’s settlement and your Unitus auto loan balance, meaning less delinquent payments and fees, refundable service warranty contracts and other insurance related charges.
GAP is offered to members for a low one-time fee and is good for the life of your loan. If for any reason you are unsatisfied with this coverage, you can cancel the protection and receive a full refund during the first 60 days.
To make your decision even easier, we offer several payment options. You can add the premium to your auto loan (which will increase the payment accordingly), write us a check, or transfer the full amount from your Unitus savings or checking account.
For a quick quote or to learn more about our program contact us at 503.423.8770.
Under most circumstances, a consumer loan application can be approved online within sixty seconds and a first mortgage application in about 15-20 minutes. In some cases, a loan request may take a bit longer to review, but we usually return a decision within the next business .
If you have a vehicle loan with Unitus, you are required to maintain full coverage insurance at all times, with a maximum deductible of $1,250.
If you have a vehicle loan with Unitus, you are required to maintain full coverage insurance at all times, with a maximum deductible of $1,250. CPI, or Collateral Protection Insurance, is added by Unitus only if you are not able to provide this proof of insurance.
CPI is more costly than regular vehicle insurance, doesn’t cover your liability, and only protects the Credit Union’s interest in the vehicle. If you are billed for CPI, we strongly encourage you to obtain vehicle insurance and then contact the Credit Union.
The standard late payment fee of 5% of payment due or $20, whichever is greater.
Yes, Unitus offers our members loans on new and used snowmobiles, ATVs and personal watercrafts. They are classified as Small Recreation Vehicle Loans which also include motorcycles, tent trailers, etc.
Unfortunately, we cannot access your credit score until you submit an application. If you know your credit score we can provide an estimated rate, then confirm it once you have submitted your application and we can access your score. The majority of our applicants receive the lowest quoted rate.
The credit union has several programs for homebuyers with a limited amount of funds for both a closing payment and down payment. These programs are open to all homebuyers, not just first time owners. For more information, contact Unitus Mortgage.
For consumer loans (auto, personal, credit card, etc.), simply complete an online loan application or call us at 503.423.8770. For home loans, simply click here or call us at 503.423.8713 or 800.452.0900, ext. 8713.
739 - 700
699 - 660
659 - 610
609 - 560
559 or below
Available on new purchases only. Total purchase price, including accessories, cannot exceed 120% of the retail price of the bicycle.
*APR = Annual Percentage Rate. Rates are based on your credit history and credit qualifications.
Minimum loan amount is $250. Maximum loan repayment period is 36 months or 12 months per $1,000 borrowed. (For loans under $1,000 maximum loan repayment period is 1 month per $100 borrowed.)
Private mortgage insurance is a financial guarantee that protects the lender in the event a borrower defaults on a mortgage. To purchase a home without mortgage insurance, borrowers generally need enough money to make a down payment that’s at least 20% of the price of the home. To put 20% down on a $200,000 home, a borrower would need to come up with $40,000! This is quite a hefty down payment.
With private mortgage insurance, you’ll reduce or eliminate the need for accumulating a down payment, which will allow you to purchase that $200,000 home sooner!
A Credit Union is a place where people with common interests, like where they live or work, come together to save and borrow their money.Credit Unions provide many of the same services that banks do, but there are a few things that make us different:
We are “not for profit”. This simply means we’re not in business just to make money
Money that we do make is returned to you in the form of better rates and services
We’re owned by you—the member
As much as possible, the money we make is spent and put back into the local community where you live
Yes, Unitus encourages you to pay your loan off early.
If your credit score improves after you close your loan, at your request, we can modify the interest rate on your loan. Contact us for more information. (This does not apply to 1st Mortgage loans.)
In most cases, your credit score determines your interest rate. If more than one applicant is making an application, we will use the higher of the two scores to give you the lower rate. (This does not apply to 1st Mortgage loans.)
Of course! However, Unitus cannot distribute funds until your Unitus account has been opened. To speed up the process, we recommend that you apply for membership before submitting a loan application.
“Unite us” is at the very heart of the Unitus name and we’re committed to treating every member like family. For over 75 years, we’ve been providing exceptional, low cost services to our members.
When it comes to community partnerships, Unitus likes to think we have an unobstructed vision. A large part of that vision includes working with organizations that positively shape education and health and human services. Click here to view some of the organizations we’ve partnered with throughout the years.
It’s important our members know that one of Unitus’ core values is to give back to the communities we serve, both socially and economically. Unitus provides its employees with paid volunteer hours once per month with our branch community partners.
Apply for Unitus Membership online or at any Unitus branch.
Unitus wants to help identify bicycling as a legitimate mode of transportation and supports the active and healthy lifestyle we share in the Pacific Northwest.
Sellers can contribute to closing costs on most of our loan programs.
Self-employed members need loans too! Typically, we ask that self-employed borrowers have at least a two-year history in their current business. However, this can depend on many different factors, such as your credit worthiness. For more information, we recommend contacting one of our mortgage specialists directly at 503.471.3325 or 800.452.0900.
In general, monetary gifts can be used toward down payment. For more information, contact a first mortgage specialist directly at 503.471.3325 or 800.452.0900.
The money that you borrow from Unitus for a bicycle loan stays within your own community. Your money is then borrowed by fellow Unitus members to further establish a healthy living community with opportunity to grow. It’s people helping people.
Loan term is based on the amount borrowed. Maximum loan term is 36 months.
Yes, you do. There is a $10 membership fee and you do have to keep $5 in your savings account at all times as this is your “ownership” or “share” in Unitus.
Your eligible to join if:
You live or work in Multnomah, Washington, Clackamas, Marion, Polk, Yamhill, Columbia, Hood River, Benton, Linn, Lane, Deschutes, Douglas, Josephine, or Jackson County in the State of Oregon.
You live, work*, worship, or go to school anywhere in the State of Washington.
Someone in your immediate family is elgible for membership at Unitus or is already a member (e.g. spouse, parent, brother, sister, aunt, uncle, grandparent, or grandchild).
*Directors, retirees, volunteers, and natural persons under contract to work for organizations located anywhere in the State of Washington are also eligible to join.
New and used bicycles
100% of total purchase price (including accessories)**
Yes, the total purchase price can include the cost of the bicycle and accessories (not to exceed 120% of the retail price of the bicycle).
Yes, the Unitus bicycle loan is for new and used bicycles.
Yes, your credit will be checked to qualify you for a bicycle loan.
No, except our standard late payment fee of 5% of payment due or $20, whichever is greater.