Loans at Appalachian Federal Credit Union

Loans

Appalachian Federal Credit Union is committed to bringing affordable financial services, including loans, to the people of rural central Appalachia.

Consumer Loans

The credit union provides many types of loans: share-secured, vehicle, RV, boat, vacation, repairs—any reasonable expense. To apply for a loan, you must be a member of AFCU, have a minimum of $50.00 in your share account, and have been on your current job for at least three months. There is a non-refundable $20.00 application fee.* Stop by any location to apply.

Mortgage Loans

Substandard housing is a region wide problem and Appalachian Federal Credit Union has made a commitment to making first mortgage loans to qualified member borrowers for the purchase or repair of their homes. AFCU also works with the Federation of Appalachian Housing Enterprises, Inc. (FAHE) to make affordable housing loans to low income Credit Union members and member groups, with subsidized interest rate loans and down payment assistance grants.

We offer fixed rates, Home Equity Lines of Credit (LOC), and provide home buyer education. If you are interested in purchasing a new home or fixing up your current one, obtaining a mortgage loan with us is easier than you think. Just call the Credit Union; we'll guide you through the process.

Business Loans

Appalachian Federal Credit Union is certified by the Small Business Administration as a 7a lender.

*All costs charged in the process of filing loan documents are the responsibility of the borrower.

Loan Rates
Fees
Loan Application

AFCU takes special pride in working with groups who provide affordable housing, foster economic development, provide child care to working parents, and help bring improved healthcare and overall well-being to Appalachian communities.