Support Topics
Loans
FAQs related to our home, auto, bicycle, and more.
Popular Questions
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Your title can be released within five (5) 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 ten (10) business days.
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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.
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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.
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GAP Coverage helps you avoid the situation where your car is totaled or stolen, and your insurance coverage doesn’t cover the full cost.
In this situation, many insurance companies only pay the ‘Actual Cash Value’ of the vehicle. In most cases, this doesn’t equate to the loan balance, and you the borrower are left paying the difference.
To protect members from this unpleasant situation, we’ve partnered with Allied Solutions to offer an inexpensive solution. Called Guaranteed Asset Protection (GAP) Insurance, our GAP program waives the difference between your primary insurance company’s settlement and your Unitus auto loan balance. That helps you avoid 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 any time during the first 60 days.
To support you financially, 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.
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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.
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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.
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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 .
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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.
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The standard late payment fee of 5% of payment due or $20, whichever is greater.
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“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.
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Apply Today!
Credit Score
APR*
740+
6.99%
739 - 700
6.99%
699 - 660
6.99%
659 - 610
6.99%
609 - 560
6.99%
559 or below
6.99%
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 48 months or 12 months per $1,000 borrowed. (For loans under $1,000 maximum loan repayment period is 1 month per $100 borrowed.)
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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.
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Yes, Unitus encourages you to pay your loan off early.
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Apply for Unitus Membership online or at any Unitus branch.
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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.
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You can upload and provide all the necessary insurance documents required for your Auto, Boat, RV, or Equity loan online. Visit our Loan Protection page for details.
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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.
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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.
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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!
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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.
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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.
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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
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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.
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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.)
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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.)
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No, except our standard late payment fee of 5% of payment due or $20, whichever is greater.
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Yes, your credit will be checked to qualify you for a bicycle loan.
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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.
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Loan term is based on the amount borrowed. Maximum loan term is 36 months.
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Immediately.
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- New and used bicycles
- 100% of total purchase price (including accessories)**
- Minimum: $250
- Maximum: $7500
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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.
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Yes, the Unitus bicycle loan is for new and used bicycles.
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Sellers can contribute to closing costs on most of our loan programs.
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You can access your insurance policy information and upload or update your evidence of insurance and more in just a few clicks. Visit our Loan Protection page to get started.
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Not at this time.
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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).
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There are different amounts you can borrow based on our Fixed Home Equity Loan and Home Equity Line of Credit (HELOC) loan programs.
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Use the funds how you like for purposes like; home renovations and remodeling, hight-rate debt consolidation, create a rainy day fund for emergencies, purchasing another home, or other major life events and expenses.
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Agreement to Provide Insurance
Yes. As the lien holder on your vehicle, we depend on Comprehensive and Collision Insurance to protect Unitus Community Credit Union from uninsured loss. The terms of your loan contract require this coverage for the life of the loan. Still, sometimes this coverage may lapse.
When this happens, a Collateral Insurance Policy is applied to the loan and the cost is added to the monthly payments. Collateral Protection Insurance protects Unitus Community Credit Union, but does not cover the borrower, and is no substitute for traditional insurance. The effective date of coverage is the later of the date your prior coverage lapsed or 30 days after the date of your loan. You can avoid the added cost of Collateral Protection Insurance by keeping your insurance policy up to date.
Should you receive a letter from Unitus, asking for proof of insurance, we encourage you to respond as soon as possible to avoid any inconvenience. For questions about Collateral Protection Insurance, please call us at 503-227-5571 or 1-800-452-0900.
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Current Assessed/Appraisal Value of home ($450,000) minus Balance of Mortgage ($200,000) = Your Equity ($250,000).
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You will want to apply before you sign any agreements or contracts with contractors or suppliers for any materials that you will need for your project and allow enough time for your loan to be processed and funded prior to doing so. If you have any specific questions, please ask your Unitus Home Equity Expert.
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Yes, using the same calculation Current Assessed/Appraisal Value of home minus Balance of Mortgage = Your Equity and product chosen, either a Fixed Home Equity Loan or Home Equity Line of Credit (HELOC) will determine how much you can be eligible to borrow.
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Yes. Log in to Digital Banking and go to Transfers. Under From Account, you can add an external account from another financial institution and use it to make your payment.
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Yes. You can set up automatic payments in Digital Banking using the Transfers option. This is an easy way to manage your recurring loan payments.
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Our one-time payment option allows payments by debit card. A fee applies when using this service.
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There is no fee when making a payment through Digital Banking.
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If you don’t use Digital Banking, we recommend the one-time payment option or call us by phone (fee applies).
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You can mail your loan payment to Unitus using one of the addresses below. Please include your loan information with your payment so we can apply it correctly.
Regular Mail
Unitus CCU
Attn: Loan Servicing
P.O. Box 1937
Portland, OR 97207Overnight Mail
Unitus Business Center
Attn: Loan Servicing
7632 SW Durham Rd
Tigard, OR 97224
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