Loans

Riverside Health System Employees Credit Union has been providing a place for employees to borrow since 1971. We are here to help you with your borrowing needs, whether it’s for a personal loan, vacation cash, back-to-school supplies, holiday, auto loan or something else….

Loan Requirements

  • Be a member of the credit union. Not a member? Contact us to join!
  • Employed for at least 1 year
  • Fax a copy of your last two paystubs to the credit union at (757)-594-3644

Vehicle Loans up to $50,000

Vehicle loans also include Motorcycles, Boats, Campers and Trailers. New vehicles can be financed up to %100 of the MSRP, used vehicles can be financed up to %100 of the NADA average retail value.

  • If you’re buying from a dealer, have them fax a Buyer's Order.
  • If you're buying from a private owner, use our Private Owners Contract and fax to us when complete.
  • Make easy automatic payments directly from your paycheck with payroll deduction
  • Don’t forget we offer GAP insurance, Life and Disability Insurance. All can be added for your peace of mind. Contact us for more information.
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*APR = Annual Percentage Rate. Not available on existing RHSECU vehicle loans. Vehicle loan rates range from 1.99% APR to 17.99% APR‚ terms up to 84 months. Vehicle loans include Autos‚ Boats‚ Motorcycles‚ and Recreational Vehicles. New vehicles financed up to 100% of MSRP‚ used vehicles financed up to NADA Blue book retail value. All loans subject to approval. This promotion is available for a limited time. Rates‚ terms‚ and conditions are subject to change and may vary based on creditworthiness‚ qualifications‚ and collateral conditions. Interest will accrue on the loan from the date the loan is issued. 66 monthly payments of $16.07 at 1.99% APR per $1000 borrowed. RHSECU is federally insured by the NCUA.

Signature Loans from $150 to $5,000

A signature loan is an unsecured loan. "Unsecured" means that the borrower does not provide any collateral so the financial institution loans the money based solely on the borrower's signature.

  • Make easy automatic payments directly from your paycheck with payroll deduction
  • Don’t forget we offer Life and Disability Insurance for a low cost. Contact us for more information.
Check out our Rates
Calculate Your Payment
Apply Online

 

Share Secured Loans up to $50,000

A share secured loan is a loan that is secured or guaranteed by a member's savings account. The interest rate is low, and you can get the loan quickly.

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Rent Loan Program

Our Rent Loan Program pays your rent up to three months in advance for your peace of mind and ease of managing your paycheck.

Requirements and features include:

  • You must be on the job 2 years
  • Must provide a copy of your rental agreement
  • Copy of the last two paystubs
  • Rent must be current
  • Loan amount not to exceed $2,500
  • Up to three months to repay loan
  • Statement of rent payment history for 12 months
Check out our Rates
Calculate Your Payment
Apply Online