One of the most important functions of a credit union is the granting of low-cost loans to eligible members. Interest rates are traditionally lower than those charged by banks and other lenders. In other words, it costs less to use your fellow members' money. Loans are also convenient to pay through our payroll deduction. IDFCU is offering competitive interest rates to its members on loans.

To be eligible for a loan:

• You must be a member IDFCU for at least 30 days and be in good standings.
• You need to have 12 months of uninterrupted income.
• With the exception of fully secured loans you must maintain a minimum of $50.00 in your share savings account for each outstanding loan, prior to the loan review process.
• You also must be of legal age within the state of your residence or a qualified co-signer will be required.
• For a complete set of loan policies and eligibility requirements, please contact the IDFCU office.

All loans will require the use of the Loanliner procedures. This will be the only accepted method for loan application.