Up to 100% financing on new vehicles & up to 100% financing of retail value from NADA book on used vehicles.
Loans are available for cars, trucks, mini-vans, motorcycles, boats, & recreational vehicles. Or bring us your loan from another institution and take advantage of our great rates.
GHA offers: VISA® Classic,
Limits up to $10,000
GHA Credit Cards have no annual fee, and a low APR.
Enroll online at www.eZCardInfo.com to have complete 24/7 access to account history, bill payment feature, and customer service section. Verified by Visa to reduce Internet fraud. www.visa.com/verified. Customer Service # 1-800-237-6211.
Take a loan against your savings. Up to the amount available in your regular share account. You will continue to receive dividends on your savings account as well as paying a lower rate on the loan.
Based upon such factors as income, current indebtedness and past credit experience, members may qualify for loans on their signature alone. Our personal loans are granted for almost any purpose. In some cases, a co-signor may be requested.
Set up this overdraft protection line of credit so when you have a small cash flow problem in your share draft/checking account, your checks are not returned "NSF." Maximum line of credit is $1,000.
What is a reverse mortgage?
A reverse mortgage is a unique type of loan that offers homeowners age 62 and older an opportunity to convert the equity in their home into available cash. Financial security is achieved with this federally-insured loan without worries about repayment until you no longer live in your home. So you can never be forced out of your home for "missing a payment".
Are there different types of Reverse Mortgages?
Yes, there are different types of reverse mortgage programs that are designed to fit different situations. Each program has a unique set of guidelines, which need to be considered to insure that you choose the program that right for you. Some of the different types of loans available are as follows:
FHA - Home Equity Conversion Mortgage [HECM]
The Home Equity Conversion Mortgage is the most popular and flexible reverse mortgage program available. This program gives the consumer the most available money and the most flexibility in considering how a consumer will take the available funds. This program is available with monthly and annual rate adjustment features.
Fannie Mae
The Fannie Mae reverse mortgage program is similar to the HECM program and the differences of this program may make sense in your particular situation.
Cash Accounts
The Cash Account programs are not insured by the U.S. Government. These programs are designed for homes that are higher in value and/or for consumers looking for a unique financial planning tool.
Who is eligible for a reverse mortgage?
If you own a single 1-4 family home or condominium and you are at least 62 years old, then you are eligible to apply. There are no credit or income qualifications to obtain a reverse mortgage .
How much money can I get?
The amount of cash available from a reverse mortgage depends on the following criteria: your age, your home's value and location, and current interest rates.
How do I receive the money?
You have several choices. You can take all of the money in one lump sum, as automatic monthly installments, a line of credit (most popular) or a combination of these. You have the ability to choose the option that will work the best for you.
Are there any restrictions on what I can use the money for?
No. It is your money to use as you would like. Some people pay for the necessities of home health care, medication, property taxes and home repairs; while others choose to travel or pursue an education; and still others just want the comfort of knowing they have a cushion against the unexpected.
How is a reverse mortgage different from a home equity loan?
Both loans convert the equity in your home into available cash, but in very different ways. With a Home Equity loan, you must have sufficient income to qualify and you must make monthly payments. With a Reverse Mortgage , there are NO income requirements, NO monthly payments, and the reverse mortgage PAYS YOU!
For Any Additonal Question?
http://www.aarp.org/money/revmort/
You may have noticed the national television commercials and print advertisements for Verified by VISA that began in December 2001. Verified by VISA, marketed directly to the consumer, is an Internet payment authentication system that gives merchants and cardholders additional online fraud protection.
Background
Although the Internet’s popularity as a purchasing and payment channel among consumers is slowly growing, it has a long way to go. With more than 90 percent of online transactions being made with payment cards, it’s future success hinges on all participants, including consumers, merchants and credit unions, being assured of a secure environment -- unlike today where consumers site security fears as the number one barrier to increased online usage.
The Plan
To help combat these fears, reduce online fraud and increase transactions, VISA has institutied a two-part plan that will change the way issuers and merchants approach the Internet.
Step 1. VISA has changed the operating regulations to put more liability on issuers for purchases made over the Internet. In addition, as of April 2003, VISA issuers will lose the chargeback right for "did not make purchase" claims for cardholders.
Step 2. To offset this added liability, VISA has introduced a VISA Payer Authentication Service based on the 3-Domain Secure protocol. Operating under the consumer brand name, Verified by VISA, the service protects against fraud and limits dispute costs. Just as important, the service enhances consumer perceptions of online security.
How It Works
Because it closely replicates a "card present" environment, Verified by VISA iwill substantially reduce fraud and chargeback costs -- with minimal impact to the current transaction processes.
While VISA cardholders are already protected by VISA's $0 liability policy, this new service has created a solid foundation for secure Internet transactions by instilling consumer confidence, increasing card usage, and creating a safe e-commerce environment for all parties involved in VISA online transactions.
Verified by Visa works with existing plastics to confirm your members' identities in realtime during online transactions at participating merchant Web sites. It requires no significant change to the existing payments infrastructure, working with both magnetic stripe and smart cards. It’s device independent, so it can be used over any PC, Web-enabled mobile phone or palm device.
And unlike other services, shoppers don't have to load special software or open a digital wallet. So Verified by VISA maintains a simple shopping experience for your customers.
VISA nowl supports Verified by VISA through an integrated national marketing, advertising, and public relations campaign. These ads prompt cardholders to go on to the Web site and register to participate in this service. Cardholders must register to use Verified by VISA.
The End Result
Verified by VISA has reduced cardholder disputes and chargebacks associated with fraudulent Internet transactions. This service has help shift customer perception about security and drive online traffic volume and overall adoption of the e-commerce channel.
Protect your family with this member-paid life insurance policy that guards the member’s family/co-signer in the event of the insured’s untimely death. It makes a payment to the credit union to reduce or pay off a loan in the event of the member's death.
You will sleep better with this optional, member paid disability insurance protection program. This insurance makes payments to the credit union to reduce or pay off a loan if you are disabled by a covered sickness or accident. To qualify you must be:
- actively employed 25 hours per week
- eligible for a loan
- under 70 years of age.
We hope you enjoy our phone system!!! Here are a few virtual guidelines to get you started.
Call either 203-863-4687 or 203-863-3186.
Account Number plus the # sign (123456#)
Pin Number
The suffix of the account you would like to use.
Access codes:
20 - 29 = Regular loans
30 - 39 = Mortgage Loans
Check your statement or call the Credit Union for the suffix you need.
Use the Any Hour Help Line for balance inquiries, rate information, transfers, ordering check withdrawals in advance, placing a stop payment on checks, balancing your checking account using the list of the last ten checks that have cleared, and many other services.
Home Equity loans are secured by the equity in your home. Equity is the difference between the current market value of your home and the amount you owe on the home. Qualified applicants may borrow up to $200,000 based upon their financial condition and the value of their home.
- Home Equity Line of Credit Example:
Appraisal of Home $ 400,000
Percentage Allowed x100%
Percentage of Appraised Value $ 400,000
Less Mortgage Debt - $ 315,500
Potential Credit Line $ 84,500
Pay a minimum amount established by the amount of credit outstanding. This may result in an outstanding principal balance that is greater than the minimum payment less than the credit limit, becoming due and payable at contract maturity.
As you repay the loan, your available credit is restored by the amount of principal reduction. There is no prepayment penalty on any Home Equity product.
No Closing Costs
The Credit Union covers up to $650.00 of charge closing costs no annual service fees with a Home Equity loan.
Ease Your Tax Burden
Home mortgage interest for home equity indebtedness, up to $100,000 beyond acquisition mortgage debt, may be tax deductible. You should consult a tax advisor regarding the deductibility of interest on your home equity indebtedness. This makes a Home Equity loan an ideal way to borrow if you are a homeowner.
Home Equity loans are offered to members living in the following states: Connecticut /NY
We do business in accordance with the Federal Fair Housing Law and Equal Credit Opportunity Act.
Fixed Home Equity loan is similar to a secured installment loan. It is best used for one-time financing needs. With a Fixed Home Equity loan, you can choose fixed repayment terms borrow up to 200,000. You may be able to borrow up to 80% of the equity value of your home. Interest rates vary according to the length of time you choose to repay the loan and your FICO score. Budgeting your money is easier since the fixed monthly payment will not change. With regular monthly payments, the loan will be completely repaid on the specified maturity date..
Home Equity Line of Credit Example:
Appraisal of Home $ 500,000
Percentage Allowed x 80%
Percentage of Appraised Value $ 400,000.00
Less Mortgage Debt - $ 315,500
Potential Credit Line $ 84,500
Payment fixed for the life of the.
No Closing Costs
The Credit Union cover up to 650.00 of closing costs no annual service fees with a Home Equity loan.
Ease Your Tax Burden
Home mortgage interest for home equity indebtedness, up to $100,000 beyond acquisition mortgage debt, may be tax deductible. You should consult a tax advisor regarding the deductibility of interest on your home equity indebtedness. This makes a Home Equity loan an ideal way to borrow if you are a homeowner. |
